Well prepare for our city's suburbs to keep on growing. According to a new City of Calgary report, population growth is expected to grow almost 120,000 people over the next five years, 94% of that in the suburbs. The 2013-2017 Suburban Residential Growth report says of the 50,600 additional Northwest Calgary Homes for sale to be built in the next five years, 77% will be in suburb developments.
Some trends associated with this report, are that as of the 2012 census, our population is sitting at over 1.2 million, and housing sales are up 10.4% currently.
An article on the report in the Huffington Post reads:
"Calgary has approximately 10-12 years of planned land supply, which will accommodate 310,834 people in mixed single, semi and multi-residential housing. The report says over the next 3-5 years the city has enough serviced land to accommodate 130,047 people, and will add more to that supply this year."