Calgary ranks second in love for condo living, says StatsCan
Nearly 22% of Calgarians reported calling a condo home in 2016
New housing numbers from Statistics Canada put Calgary in second place nationally when it comes to people choosing to live in condos rather than houses.
Nearly 22 per cent of Calgarians call condos home, topped only by Vancouver where 30.6 per cent of the population are condo-dwellers. Abbotsford-Mission, Kelowna and Toronto follow with more than one in five households living in a condominium.
- 1.9 million Canadian households live in condos, census data shows
- Alberta surpasses B.C. as immigration destination
Overall, 13.3 per cent of Canadians, or almost 1.9 million households, reported living in condominiums in 2016. That number is up 1.2 percentage points from 2011. According to Statistics Canada, of those households, 67.1 per cent were owners and 32.9 per cent were renters in 2016.
"Calgary has a great urban core and there's been a condo boom over the last decade," said Chris Pollen of Battistella Developments.
"There's the affordability of price and shorter commute times and people just want that lock-and-leave lifestyle, a low maintenance lifestyle."
Battistella is one of many developers in the city banking on Calgary's love of smaller modern spaces. The company's show suite in the East Village features 376-square-feet of living space.
All walks of life
Pollen says condo buyers come from all walks of life and have different reasons for buying.
"Young first-time buyers who want vibrancy, downsizers looking to leave larger properties and possibly downsize a mortgage and maybe even buy a vacation property somewhere," Pollen said.
Condo real estate agent Mike Leibel says with prices way cheaper than Toronto and Vancouver, there's no shortage of people interested in buying.
"I'm always amazed because every time I go downtown, I see a new condo being built and I'm not sure where the end will be. I think we're going to see a lot more development downtown and on the outskirts too," he said.
The cost of housing doesn't appear to be much of a factor in driving the condo boom in Calgary.
The city ranked 25 out of 38 cities in terms of households that paid 30 per cent or more of their total income on their home.
With files from Dan McGarvey