HomeBusinessCalgary's housing strategy is working, city says Achi-News

Calgary’s housing strategy is working, city says Achi-News

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Achi news desk-

Calgary city council will learn what impact its new housing strategy has had since it was passed in September during an update Wednesday.

Councilors will receive a report on the city’s situation in terms of implementing the strategy and the current state of the housing situation.

Although the city has found Calgary’s housing crisis continues to worsen, it says the strategy delivers programs and policies to build more homes and support non-profits.

The city says around 80 per cent of the actions in the housing strategy will be started by the end of 2024.

Out of a total of 98 actions, the city has started working on 64 at the moment.

Although it is good news in terms of progress, the city administration estimates that at least one in five households in Calgary cannot afford where they currently live.

Across the province, rent climbed again this month, up 16.2 per cent from this time last year, almost twice the national average.

The Council will receive similar updates on the strategy annually.

The full presentation can be found on the city’s website.

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