Calgary is facing a housing crisis despite its larger land area compared to cities like Hong Kong. The surge in housing prices has left over 74% of residents unable to afford home ownership, with the rental market also strained due to the lowest vacancy rate in Canada at 1.4%. Urban sprawl, characterized by low-density housing, is a key issue, consuming land and reducing housing density. To address this, Calgary needs to focus on developing denser housing in desirable locations, moving away from sprawl and outdated policies, while promoting mixed-use communities.
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