Market conditions worsen as Calgary implements its housing strategy

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Calgary Housing Strategy News

Affordability Crisis,Calgary,Housing Crisis

City of Calgary officials said would will be underway on 80 per cent of the housing strategy's recommendations by the end of this year.

Demand continues to outpace supply for housing in Calgary. While many councillors are happy to see some progress on the housing strategy, it could be some time before the benefits begin to pay off. Adam MacVicar reports.There is progress on implementing Calgary’s housing strategy, but it may be some time before any benefits begin to take hold, according to city officials.

“We just have to be self-aware of the time it takes to create a problem is almost the equivalent to the amount of time it will take to solve it,” Walcott told reporters. The city’s report noted city administration and partners like non-profit housing providers are facing challenges due to “capacity constraints, supply chain challenges, and increasing costs.”

“We’re all competing for the same resources: labour, materials… Right now, for us, we’re seeing a supply and demand issue.”Click to share quote on Twitter: "We're all competing for the same resources: labour, materials… Right now, for us, we're seeing a supply and demand issue." Ward 10 Coun. Andre Chabot said he believes the city’s efforts don’t do enough to increase the supply of non-market housing.

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