Glut of new build homes starts to unhinge the Alberta market

Alberta is experiencing a record number of new home completions that has created a backlog of unsold inventory in the new-build market. This oversupply of new construction homes has become unaffordable for first-time buyers, contributing to market imbalance.

Jasper changes tack in trying to deal with chronic housing shortage

Jasper is launching the Housing Enablement Initiative to address its chronic housing shortage by streamlining construction of 'missing middle' housing. This approach focuses on facilitating development of moderately-priced housing options that fill the gap between single-family homes and high-rise apartments.

Buyer waits for Calgary condo price to come within range

A Point McKay condo in Calgary sold below asking price for $325,000 in December, reflecting the current buyer's market in the region. The article highlights how buyers are strategically waiting for condo prices to reach more affordable levels before making purchase decisions.