Gap to restore pre-pandemic housing affordability by 2036 in Calgary narrowing

Calgary's housing supply gap to restore pre-pandemic affordability has narrowed due to record construction, needing 4,000-5,000 additional units annually by 2036. Despite recent declines in housing starts linked to rising vacancy rates and costs, the city remains above the 10-year average. The repeal of citywide rezoning raises concerns about future supply, while new building permits show growth in various communities. A refined housing strategy focusing on non-market housing is pending council approval.