Calgary is in a housing crisis.
Only 10% of required affordable housing units are created each year.
0
units needed per year (1)
0
units created per year (2)
How does this relate to overall housing costs?
Townhouse(3)
Purchase Price
$0 Summer 2020
$70,000 NOW
0% Increase in 4 Years
Apartment(4)
Rental Rate
$0 Summer 2020
$0 NOW
0% Increase in 4 Years
Access to a roof over one's head is a core human right.
It sure doesn't seem like it given these numbers.
The housing formula is simple:
LAND + MONEY + CERTAINTY = HOUSING!
Ask yourself, and those in power and control, why we are 2700 units short, per year, in core affordable housing creation...
(1) Home is Here - City of Calgary Housing Strategy 2024-2030 (2) City of Calgary Newsroom - May 17, 2021
(3) CREB (4) Zonda (based on average rental cost for a 670 sqft one-bedroom apartment unit)