A new Calgary Lot Supply Report means better and faster decisions, and, therefore, money saved.
There are so many steps taken before a new home is even a twinkle in our eye; most of us are unaware of all the things we actually pay for when we buy a house in a new community. Saving time and effort on the part of The City and industry’s planners ultimately saves us all money, so any measure that makes home building a smoother operation is worth examining. A new, collaborative method of gathering and reporting data on Calgary’s lot supply is a huge step for better efficiency.
One of the critical pieces of information that all parties need to know for long-term planning is where, and how many, lots are available for construction – and, at what stage they exist. Can building start? Or does the lot still need infrastructure? These questions need answers before The City can release new land and a builder can make plans.
The City of Calgary, through the Build Calgary initiative, and representatives of the development and building industry have created a frequent, accurate lot count that saves valuable time and removes guesswork. Available online, the monthly Lot Supply Report is a huge leap ahead of what was available until now. Previously, this information was available but once per year, and even then, the information was up to 14 months old.
“CHBA-Calgary Region would like to thank The City of Calgary for its collaboration on this important project. With this information now collected and posted monthly, we will have ongoing access to the most up-to-date supply numbers. Allowing all stakeholders to gain a better understanding of the current market is a critical step forward and will lead to more informed decisions about our future growth and development.”
Amie Blanchette, Director of Government Affairs, Canadian Home Builders’ Association-Calgary
This new report will be monitored and updated monthly to show how much serviced supply is available in new communities to accommodate Calgary’s continued growth.
The lot count is one of the measures the City uses to make decisions on making land available for residential construction purposes. Currently, the supply is low – something industry and municipal government now agree on, in part because of the new reporting structure.
“From an industry perspective, there’s probably more than they thought and from the city’s perspective, there’s probably a little less. We think in terms of single-family housing, we’re probably a bit on the short side.”
Jeff Fielding, City Manager
The City and industry are constantly looking to find new ways, through the exchange of data, to improve the timeliness and precision of the report. Continually improving information allows for better and faster decisions, which benefit all of us.
“UDI-Calgary has been an advocate of this detailed level of reporting so that developers, builders and City administrators can have a solid foundation from which to make decisions about current and future suburban land supply. We appreciate the work The City has put into this initiative and look forward to continued collaboration.”
Guy Huntingford, CEO, Urban Development Institute-Calgary
Collaboration is key, and we seem to be seeing a lot of it around town these days.
“The City is working hard on building a stronger relationship with its industry partners. Resolving the lot count debate was central to improving relationships so together we can focus on responding to Calgary’s continued growth.”
Jeff Fielding, City Manager