One of the big topics of conversation here in Calgary since we have been visiting has been the cost of housing. Since we were here last in 2003 house prices have easily doubled, they have increased 46% in 2006 alone! The median house price in Calgary is about $450,000, and the median condo price in Calgary is over $310,000.
This is proving to be a huge challenge for a lot of people in the city. Many service professions, like teachers and social workers, are finding the increased cost of living to be extremely challenging. My sister, who has a university degree in social work and is currently working at a group home, has found that she can not afford to purchase a house, or even a condo in Calgary on her salary.
This situation is not only evident for those wishing to purchase a home, but it’s also the case for people wanting to rent. Calgary has a unique situation now where people in lower paying jobs are being forced to live in their cars on in shelters.
So what are some solutions being presented?
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