Calgary real estate prospects

[gwill]

The mayor's calling a special meeting regarding the housing crisis on the 16th. Wonder what sort of crazy ideas she's going to bring forth.

Can a mayor institute rent controls? Or is that a provincial matter.

[pheoxs]

Rent control, doubt it. However she seems to want to ditch the local area plans that the city has been doing consultations on for years and just blanketly override all R1 zoning. That’s … not going to go over well.

[gwill]

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Rent control, doubt it. However she seems to want to ditch the local area plans that the city has been doing consultations on for years and just blanketly override all R1 zoning. That’s … not going to go over well.

IMO Rent control would win a lot of support for her considering how crappy the rental market is for those trying to find a place. Can a mayor do that tho?

I'm sure whatever it is, the ideas will be ridiculous.

[jutes]

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The mayor's calling a special meeting regarding the housing crisis on the 16th. Wonder what sort of crazy ideas she's going to bring forth..

She will no doubt declare a housing EMERGENCY and lower the flags to half massed.

[Cash Money Hoes]

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IMO Rent control would win a lot of support for her considering how crappy the rental market is for those trying to find a place. Can a mayor do that tho?

I'm sure whatever it is, the ideas will be ridiculous.

There is a newer program in place CMHC for multi-family where Landlord can qualify for incredible financing terms (up to 50 year amortization, below market interest rates and 90-95% LTV) if you commit to capping rents at 30% of Alberta median income for 10 years. Rent works out to about $15xx per month. This incentivizes development of new multi family stock and refinancing of existing stock with rental caps in place (LL can also qualify for preferred financing if they hit energy efficiency targets and accessibility). Rent control will disincentive new development - horrible policy. The current carrot approach is better policy, incentivize the creation of more affordable rental stock.

Good luck going up against the communities that are R1 zoned with goal of increasing densification, home owners in nice areas pay nice area prices to have a buffer from poor people and all of the societal ills that are related to poverty. Wealth = Influence

[suntan]

There are supposedly no communities left in Calgary that are exclusively R1.

I see the incentive program was created by someone who doesn't marth.

[max_boost]

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The mayor's calling a special meeting regarding the housing crisis on the 16th. Wonder what sort of crazy ideas she's going to bring forth.

Can a mayor institute rent controls? Or is that a provincial matter.

housing crisis
is it a sfh crisis?
seems to be no shortage of condos being built in the inner city

[suntan]

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housing crisis
is it a sfh crisis?
seems to be no shortage of condos being built in the inner city

They don't really understand what's happening.

I'm thinking of going to that thing on the 14th and tearing a strip off them.

[max_boost]

i don't understand what's going on either haha

do people really have nowhere to live

[bjstare]

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lower the flags to half massed.

Don’t tell me you actually think this is the correct way to write this.

[jutes]

I don’t really care.

[ThePenIsMightier]

I've amast a lot of opinions about flags in the passed 5 years.

[suntan]

I'm masserbating right now.

[Disoblige]

With so much remote ability to work, let's get those Gen Z's into condos!

[msommers]

Just when you thought times weren't crazy enough, this just changed to C/S lol

https://www.calgaryhousefinder.ca/pr...userid=2189018

[89coupe]

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Just when you thought times weren't crazy enough, this just changed to C/S lol

https://www.calgaryhousefinder.ca/pr...userid=2189018

Will be subdivided for sure

[max_boost]

And 2mill homes will be sold in no time
Keep the good times rolling my friends

[89coupe]

[Buster]

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How much does it cost to bulldoze a place like that?

[ThePenIsMightier]

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Premier Way? Yeah, I've been through there.