The Alberta Government will be announcing new supports for affordable housing this week.
The announcements come as Calgary’s city council is looking at the effects of the housing crisis within the city. According to the latest data released by the city, the average cost to rent a home has grown 40% since 2020, with the price of a detached home increasing by 37%.
Since it’s recommended no one spends more than 30% of their salary on housing, the annual income needed to purchase a detached home would surpass $155,000.
What the province is planning is still up in the air, however the address by Jason Nixon, Alberta’s minister of seniors, community and social services, is scheduled to take place at 2 p.m Wednesday.
Comments