UrbanWarrior
Senior Member
Finally demoing OSF…
Once the green line station is built, the area around it will develop quickly. So yeah, I guess it could be decades.LOL, Eau Clare is such a dump. As soon as the market comes down it will literally be a barren wasteland of parking lots. Will take decades for anything to be built.
I have a Westbrook I’d like to sell you.Once the green line station is built, the area around it will develop quickly. So yeah, I guess it could be decades.
LOL, I would love to be proven wrong and will eat my words if anything happens to these lots within 5-7 years.^And another refreshingly positive post from Familia
NGL I agree with you here. Calgary has had such a slow pace of development since 2014. Given the recent rental vacancy rate, massive immigration numbers, and the historically low-interest rate environment we've experienced, I'm really disappointed in the lack of big residential projects taking off or even being proposed. It's hard to see empty wasteland or parking lots just sitting there for years in some of the most premium spots. In comparison to metro cities like Vancouver, where it feels like a new hole is being dug up every day for 4+ storey development, Calgary is just developing way too slowly. Plus, it's not like metro Vancouver is growing in population a whole bunch more than Calgary if we dig into the StatsCan data. And on top, the disparity between population growth and housing starts is starting to give me unaffordability anxiety. We need more attractive multi-residential real estate policies so decade-long dead zones like Westbrook don't continue to happen.LOL, I would love to be proven wrong and will eat my words if anything happens to these lots within 5-7 years.
I am highly critical of projects because I only want the best for this city. There are tons of projects that I love that have recently gone up (Oliver, NMC, library, Telus Sky (minus their broken LED’s), Brookfield, Evolution in EV, etc.).
My expectations rise even further with public buildings, infrastructure, and legacy buildings (Glenbow, arena, Arts Commons, BMO).
That seems to be the case. Calgary CMA in 2022 had 17,306 housing starts and Vancouver CMA had 25,983 housing which falls in line approximately to the population growth of the two cities. 44% (7,700) of the housing starts in Calgary were apartment style, but so many are greenfield projects, the landscape doesn't look like it does with Vancouver and it's millions of highrises u/c. Of Vancouver's 25,938 starts last year, 74% (19,288) were apartment style, with a high number of that in established neighborhoods.Hard to compare Vancouver and Calgary. They have a large multi family building boom in the inner city, where Cagary is going crazy on greenfield projects. The amount of single and multi family projects in the burbs is just crazy. So Apples vs Oranges
I'm considering our recent population trends which point to greater population growth for our CMA in comparison to Vancouver's. From Jan 2022 to Jan 2023, we've added an estimated 40.5K people versus 30.1k in Vancouver, above the age of 15. https://www150.statcan.gc.ca/n1/pub/71-607-x/71-607-x2017001-eng.htmThat seems to be the case. Calgary CMA in 2022 had 17,306 housing starts and Vancouver CMA had 25,983 housing which falls in line approximately to the population growth of the two cities. 44% (7,700) of the housing starts in Calgary were apartment style, but so many are greenfield projects, the landscape doesn't look like it does with Vancouver and it's millions of highrises u/c. Of Vancouver's 25,938 starts last year, 74% (19,288) were apartment style, with a high number of that in established neighborhoods.
Housing Market Information Portal
The housing data you want, the way you want it.www03.cmhc-schl.gc.ca