The Alberta Real Estate Association says they approve of a plan announced by Rachel Notley’s government to work with cities and municipalities across Alberta to ensure more affordable housing units are built.
AREA says it recognizes the value in building more affordable units, as opposed to implementing rent controls.
While talk of rent control measures came up during election campaign, the government, including Municipal Affairs Minister Deron Bilous, say that in the current market, where rent levels have been plateauing, it makes more sense to put resources into making more affordable units available. This will increase supply and, in turn, lower rents.
AREA says affordable ownership and a secure home provide a stable foundation from which individuals, families, communities and Albertans can prosper. “Allowing households to accumulate equity is the basis for a number of positive social, economic, family and civic outcomes,” says AREA.
