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Calgary residents are concerned about the lack of citizen engagement in the city's housing plans, particularly a rezoning proposal. The proposal aims to increase housing density to address affordability and sustainability issues, but some residents feel their voices are not being heard. Effective public engagement is crucial for creating equitable planning policies.
Calgary's largest public hearing begins to discuss rezoning regulations allowing more housing density in established communities. The proposal aims to address the housing crisis by amending zoning rules. The controversial blanket rezoning would impact older neighborhoods, sparking debate among residents and organizations.
Alberta's housing market is expected to remain hot through 2024, with home sales and prices on the rise. The province leads in home sales growth, with prices climbing by seven percent to nearly $480,000. Despite affordability compared to other provinces, tight inventory levels and high demand are causing challenges for buyers.
New data from CMHC shows Alberta had 9,722 housing starts in the first quarter, a 50% increase from the previous year. The province leads Canada in growth, with a focus on building more homes and rental units. The government aims to support low-income households and address the housing shortage.
Calgary's housing market is expected to ease slightly in 2024, but it will still be a sellers' market. Factors such as migration, employment, and increased listings are contributing to increased prices and sales activity. While migration is expected to slow down, it won't be enough to offset demand. The market is expected to improve, but sellers' market conditions are expected to persist through the spring, driving further price growth.