Housing
2010: 3 new dwellings constructed
2009: 0 new dwellings constructed
By the numbers:
- To date, of an identified shortfall in 2002 of 419 housing units, 112 new units have been constructed
- Of a total of 1,536 housing units, 183 are subsidized through the Banff Housing Corporation, representing 11%
What affected 2010 results?
- Cost and availability of developable residential land, construction costs, limited mortgage credit availability, uncertainty over market demand
- Projects pending completion of Phase One of the Land Use Bylaw review/update
- The majority of residential construction over the course of the year was additions/renovations and leasehold improvements
For more information:
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