Not in our backyard say homeowners in Calgary neighbourhood

Residents of one neighbourhood in Calgary are complaining that a development of affordable housing will hit the value of their homes.

The 16-unit housing project in Rosedale is to be built on city-owned land but the City of Calgary has received a number of emails from existing residents who are concerned – and in some cases angry – about the plans.

Some say that they have not been consulted: “Has this been thought through? Has anyone considered the effect that these units might have on the value of our homes?”

Others highlight the investment they have made in the community: “I am VERY concerned about the impact this development could have on the character of the community, on property values and on the precedent(s) that may be set by introducing these types of homes.”

But the project also has its supporters: “I support affordable housing and secondary suites and think we should have those opportunities in Rosedale. However, I know it's a touchy subject in our neighbourhood so I'd rather remain anonymous on those subjects.”

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Market update:

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Industry news

Submit a press release


Do you invest in commercial properties?