New home plots in Calgary at 17 year low
There’s a reported shortage of building land for single-family homes in Calgary. Research by the Borger Group carried out last fall found that the number of development lots has been steadily falling and is now at a 17-year low. There were just 4,423 lots available last year; in 2003 it was almost double that. In the surrounding areas there is also lower supply with 7,769 lots available compared to more than 11,000 in 2012.