I was pleased to see the Globe and Mail Editorial Board as well as the CMHC put out favorable reports this week that Edmonton is a leader in building a home for everyone. This isn't just new market housing, but also non-market and affordable housing too. You or someone you love may need a new home soon, and a supply shortage helps landlords not renters, especially in a time of rapid population growth (Edmonton is growing 5% per year and we're at 1.15 million people).

The premier did not take questions from journalists Thursday, but a spokesperson confirmed the province is still hammering out a deal with the city and the Oilers Entertainment Group to “explore” which downtown projects will be funded.

 

I would love to take that $330 million and use it as seed funding to ignite housing growth downtown. To see it going into new housing, new parks, new transit, new infrastructure,” said Michael Janz, an Edmonton city councillor.”

We are rapidly growing as a city, but how we grow can either lead to financial benefit or loss. For example, urban sprawl loses municipalities money  but infill (building in and up in existing areas close to existing services and amenities) generates revenue-- but just how much?

Let's look at the taxation data...

Like a game of musical chairs, every bedroom that we can provide helps improve housing affordability, reduce pressure on the housing market, reduce the leverage of big landlords and may put money in your pocket!

Learn more about secondary suites, home share, and various small-scale, immediate steps that can improve housing affordability.

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