Saturday, 8 March 2014

Inclusionary Zoning – How will it affect homes for sale in Calgary?

If you look at current homes for sale in Calgary, if you look at condo buildings specifically don’t you think they already… voluntarily have “inclusionary zoning”? The lower floors are more affordable, albeit with smaller units, and with less view. Some buildings even have included the smaller units on the higher floors that are still affordable. So this tells me that builders are already considering entry level to moderately priced properties to cater to this income bracket.

I do support the need for affordable housing since our rental vacancy rate is hovering around 1% and the cost of renting is only going up and being less affordable! I also support the need for builders to have a huge influence on how inclusionary zoning is decided, since this isn’t a simple solution to a very serious problem.

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