Ontario Mortgage & Real Estate Insights Podcast
We cover the daily developments, trends, and regulatory changes affecting the industry, powered by an AI Steve Hamoen. Get insights sourced from reputable news outlets to help you stay informed and make well-informed decisions.
Episode 101: Calgary's Housing Market Insights and Implications for Canada
In this episode, we start with a welcome and introduction to the podcast before diving into Calgary's housing market. We examine the latest construction trends, insights from CMHC reports, and the current state of rental prices. The discussion then broadens to consider the implications these developments have for the Canadian housing landscape as a whole. The episode concludes with closing remarks, offering a concise overview of the critical factors shaping the real estate market in Calgary and beyond.
Key Points
- Calgary is experiencing a significant surge in the construction of purpose-built rental units, driven by innovative housing policies and city rezoning.
- The city is on track for 24,000 housing starts this year, including highrise apartment buildings, in response to high demand for diverse housing options.
- Unlike Vancouver or Toronto, Calgary's abundance of land allows for faster and more cost-effective development, potentially keeping rental prices more affordable.
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Transcript
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