25 Jun Homes in Calgary Canada Achieving Real Progress
Over the past two years, Calgary has been undergoing changes to the housing landscape. With demand for real estate climbing and affordability becoming a concern, the city is working to make homes in Calgary Canada, more accessible for everyone. Back in September 2023, the city council approved a major housing strategy called Home Is Here. The strategy laid out an ambitious roadmap aimed at addressing affordability, boosting supply, and offering more variety in housing choices.
Since then, progress has been fast and measurable. Calgary issued building permits for over 25,000 new market housing units in 2024. This figure was well above the typical annual average of 14,000. And in the non-market housing space, 893 new units reached development permit status, marking an 850% jump from the previous year. Although this still falls short of the strategy’s yearly target of 3,000 non-market units, the City notes that it has nearly reached its three-year Housing Accelerator Fund target in just one year.
More than just building volume, Calgary is also working to diversify its housing types. Rowhouses, townhomes, and similar low-density options now represent 43% of all development permit applications for low-density housing, up from 28% the year before. Secondary suites are also growing in popularity, with 5,000 new units registered in 2024, up from fewer than 3,000 the previous year.
When it comes to new construction, Calgary continues to lead nationally. In 2024, it recorded the highest housing starts per capita in the country, with over 20,000 new units. That momentum has carried into 2025, with Calgary responsible for over half of Alberta’s housing starts in the first quarter alone.
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Still, challenges remain. Calgary continues to grow at a rapid pace. Although supply is increasing, demand is outpacing it, especially in the non-market housing segment. Prices and rents are still climbing. Inflation has eased slightly, but construction costs are being affected by global tariffs and instability. However, the City isn’t letting these factors slow it down. More land will be unlocked. Permitting and planning will be streamlined. And the City will keep pushing for more investment and smarter regulations to make sure that homes in Calgary Canada remain within reach.
For buyers, renters, and investors, it’s clear Calgary is building for the future. If you’re keen to break into the market, contact me today! I’d be happy to help you find the perfect home for your family. Be sure to check out my social media for the latest updates and more.