Many Calgary residents 'squeezed out' of the housing market: Professor
BNN Bloomberg
A professor of planning says both renters and buyers in Calgary are feeling the impact of higher prices – and she says the city should adopt recommendations from its housing affordability task force to tackle the issue.
Sasha Tsenkova, a professor of planning at the University of Calgary, said in an interview with BNN Bloomberg Wednesday that rental costs in Calgary have increased by 37 per cent over the last year and house prices have risen by 40 per cent during that time.
“A lot of people are really squeezed out of the marketplace,” she said.
“It's essential that the housing crisis and its magnitude and proportions are addressed in a manner that is robust and resilient, and will survive the test of time.”
More Related News