Urban Multi-Family Construction Count Tracker

[Surrealplaces]

U/C Core	units		U/C Inner City	units		U/C Suburban (non-greenfield)	units
Oliver	461​		Theodore	114​		The Dells	202​
Sunalta Towers	333​		Flyover Block	65​		Northland Village	229​
The Hat 14th	239​		Riverwalk	141​		19 + 2	51​
1400 on 10th	106​		Block on 4th	39​		Trail 19	78​
Arris Tower west	310​		Bridgeland 515	36​		Capella	142​
Park Central II	460​		Era	220​		The Forge (Gramercy)	83​
Nude	177​		The Hive	140​		Catalyst	75​
First & Park	211​		Lynbrook Manor	48​		DeVille	333​
4th Street Lofts	270​		Scarboro 17	52​		Block 15	303​
The Cornerstone	112​					Cascade	45​
The Barron	94​		1600 Block	125​		Davenport (Currie)	193​
Riverpark	52​		Mission Flats	67​		Belvedere Landing	214​
			Credo	125​		Argyle	151​
			River's Edge	102​		Elbow 5 Eight	255​
			Konekt	104​		Varsity Mixed Use	44​
			The Cunningham	40​		Glenmore apartments	284​
			Frontier	266​		Harmony One	36​
						Alexandria (Currie)	168​
						West 33	100​
						Mission Landing	70​
						Uxborough Phase 1	203​
						Quesnay at Currie	99​
						Crown Park	156​
						Glamorgan Landing Estates	278​
						Shawnessy Station	160​
						Dean's Landing	135​
								Total
	2825​			1684​			4087​	8596​
Removed West 17 - 102
Removed Nimmons Court - 84
Removed Archer - 40
Removed Harrison - 67
Added Block 15 - 303
Added The Barron - 94
Added Riverpark - 52
Added Dean's Landing - 135

 

[UrbanWarrior]

Wow nearly 3000 still underway in the core. Looove!

 

[Golfing guy]

Evanston ridge NW has 3 rental buildings under construction. 114 units in each. Building 1 is starting to be occupied now

 

[Surrealplaces]

Evanston ridge NW has 3 rental buildings under construction. 114 units in each. Building 1 is starting to be occupied now

For now I've left off neighborhoods that are not quite completely built out yet. I might do a separate list for all multi-family in u/c neighborhoods, it's just hard to keep to track of the ones in the new neighborhoods.

 

[Golfing guy]

For now I've left off neighborhoods that are not quite completely built out yet. I might do a separate list for all multi-family in u/c neighborhoods, it's just hard to keep to track of the ones in the new neighborhoods.

Evanston is 99% built out. This was the last parcel besides a small townhouse project down the road

 

[badc0ffee]

My understanding is that's a greenfield development, which isn't (wasn't in the past?) tracked in this thread.

 

[Chinook Arch]

The development in Evanston would be greenfield. Anything built that isn’t replacing land already used is generally considered greenfield, though under that definition it would also include places like U/D.

 

[Surrealplaces]

U/C Core	units		U/C Inner City	units		U/C Suburban (non-greenfield)	units
Oliver	461​		Konekt	104​		The Dells	202​
Sunalta Towers	333​		Flyover Block	65​		Northland Village	229​
The Hat 14th	239​		Riverwalk	141​		19 + 2	51​
1400 on 10th	106​		Block on 4th	39​		Trail 19	78​
Arris Tower west	310​		Bridgeland 515	36​		Capella	142​
Park Central II	460​		River's Edge	102​		The Forge (Gramercy)	83​
Nude	177​		The Hive	140​		BTYYC	44​
First & Park	211​		Lynbrook Manor	48​		DeVille	333​
4th Street Lofts	270​		Frontier	266​		Block 15	303​
The Cornerstone	112​		The Cunningham	40​		Cascade	45​
The Barron	94​		1600 Block	125​		Davenport (Currie)	193​
Riverpark	52​		Mission Flats	67​		Belvedere Landing	214​
Eau Claire Place	90​					Argyle	151​
						Elbow 5 Eight	255​
						Varsity Mixed Use	44​
						Glenmore apartments	284​
						Harmony One	36​
						Alexandria (Currie)	168​
						West 33	100​
						Mission Landing	70​
						Uxborough Phase 1	203​
						Quesnay at Currie	99​
						Crown Park	156​
						Glamorgan Landing Estates	278​
						Shawnessy Station	160​
						Dean's Landing	135​
								Total
	2915​			1173​			4056​	8144​
Removed Catalyst - 75
Removed Scarboro 17 - 52
Removed The Theodore - 114
Removed Era - 220
Removed Credo - 125
Added Eau Claire Place I - 90
Added BTYYC - 44

 

[maestro]

The city added 30,000 people last year. 8000 units in 3 years is not going to be enough.

 

[Surrealplaces]

The city added 30,000 people last year. 8000 units in 3 years is not going to be enough.

Keep in mind this list is only units being built in established areas. I didn't include Greenfield development as there are too many and too hard to keep track of. Either way, the totals for all housing units u/c this year are still too low. Last year the city grew by 49K, and there were 17,306 units started. Not near enough for the growth and we saw it with sharp drop in vacancies and houses supply on the real estate market. So far this year 6867 units were started in in the first 5 months (Jan-May) and population growth for Calgary (going by provincial numbers) are looking like they might even be higher than last year.

 

[Patrick.1980]

The city added 30,000 people last year. 8000 units in 3 years is not going to be enough.

Calgary grew by 49k last year. Agree about the 8000 units. It’s not going to be enough.

 

[gsunnyg]

I think Canada needs to seriously consider reducing its immigration targets. Not enough homes are being built and not enough doctors and nurses are being recruited to accommodate for newcomers. Immigration is essential but these ideologically driven targets of approx. half a million immigrants a year is dangerous for the well-being of our country. Everything should be done in moderation. As a nation, we've always talked about replacing our aging population to prevent economic harm but mass immigration with a lack of development in housing, healthcare, infrastructure, etc. is leading to much worse social and economic challenges IMO. A 1 bedroom junkie-looking apartment is now renting for over $1400 in most parts of our city and it's only gonna get worse.

 

[darwink]

these ideologically driven targets of approx. half a million immigrants a year is dangerous for the well-being of our country

If you think this is bad, wait to you see a country contracting as the labour force shrinks.

We have the ability to build more housing. A lot more. That municipalities don't even seem to be trying to use market mechanisms they have at their disposal to do so is mind boggling. It is like they have given up. They could also step up on the non-market side too. That apartment building by Attainable Homes -- what is the barrier that is stopping them from doing 5 projects a year instead of 1 every 5 years if the projects cover their costs? What is stopping them from doing the same for rentals and flipping the buildings when complete?

We have a huge failure of vision on housing.

 

[maestro]

Flipping a completed building is an exiting strategy. 100,000 units is $40 billion upfront. That's a lot of venture capital needed to be directed into real estate development. If the intent is to flip a rental property than one usually needs to flip the rental property before seeking investment in the next project.

These figures should only go up with 49,000 people moving to Calgary. In two to three years, Urbanwarrior will be dumbfounded that 3000 units under construction in the core excited him.

 

[MichaelS]

Flipping a completed building is an exiting strategy. 100,000 units is $40 billion upfront. That's a lot of venture capital needed to be directed into real estate development. If the intent is to flip a rental property than one usually needs to flip the rental property before seeking investment in the next project.

These figures should only go up with 49,000 people moving to Calgary. In two to three years, Urbanwarrior will be dumbfounded that 3000 units under construction in the core excited him.

Isn't a major complaint of the Canadian economy the fact that too much capital goes to real estate already, causing difficulty for small businesses to grow? Seems like this would just be even more of the same, with the same complaints.