{"id":228427,"date":"2024-04-10T12:08:42","date_gmt":"2024-04-10T16:08:42","guid":{"rendered":"https:\/\/www.livabl.com\/articles\/?p=228427"},"modified":"2024-04-10T12:12:48","modified_gmt":"2024-04-10T16:12:48","slug":"15-things-that-keep-calgary-builders-up-at-night","status":"publish","type":"post","link":"https:\/\/www.livabl.com\/articles\/news\/15-things-that-keep-calgary-builders-up-at-night","title":{"rendered":"15 things that keep Calgary builders up at night"},"content":{"rendered":"<h4 id='pressboard-ad-sponsorship-tag' style='margin-bottom: 35px;'><\/h4>\n<p>What&#8217;s the biggest challenge facing <a href=\"https:\/\/www.livabl.com\/calgary-ab\/new-homes\">Calgary&#8217;s<\/a> real estate market?  If you ask more than a dozen of the city&#8217;s smartest real estate thinkers that question, you&#8217;ll get a variety of answers covering a wide spectrum of worries.&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2024\/04\/IMG_2677-1-1.jpg\" rel=\"lightbox[228427]\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"600\" src=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2024\/04\/IMG_2677-1-1.jpg\" alt=\"Calgary Builders\" class=\"wp-image-228428\"\/><\/a><figcaption class=\"wp-element-caption\">Photo courtesy of Steve Ladurantaye<\/figcaption><\/figure><\/div>\n\n\n<p><a href=\"http:\/\/livabl.com\">Livabl<\/a> invited the executives to an open forum breakfast on April 10 to discuss how to solve industry challenges collaboratively. As <a href=\"http:\/\/zondahome.com\" class=\"external\" target=\"_blank\">Zonda<\/a> vice president of sales Matthew Slutsky said, competition should end once lots are secured, and collaboration should begin.&nbsp;<\/p>\n\n\n\n<p>Here are the biggest concerns faced by industry insiders (each bullet point represents an individual speaker):&nbsp;<\/p>\n\n\n\n<ol start=\"1\">\n<li>The last several years&#8217; sales slump led to so little construction that the industry can\u2019t possibly keep up with a fresh wave of demand.&nbsp;<\/li>\n<\/ol>\n\n\n\n<ol start=\"2\">\n<li>That the labor shortage will lead to real capacity issues.&nbsp;<\/li>\n<\/ol>\n\n\n\n<ol start=\"3\">\n<li>The challenges posed by adopting new technologies, especially artificial intelligence.&nbsp;<\/li>\n<\/ol>\n\n\n\n<ol start=\"4\">\n<li>Getting young people to want to work in the trades is still difficulty.&nbsp;<\/li>\n<\/ol>\n\n\n\n<ol start=\"5\">\n<li>Affordability and products that match up with that affordability.&nbsp;<\/li>\n<\/ol>\n\n\n\n<ol start=\"6\">\n<li>On the land side \u2013 labor is also an issue. It&#8217;s hard to get land to market.&nbsp;<\/li>\n<\/ol>\n\n\n\n<ol start=\"7\">\n<li>There is trouble with certain trades. They just don&#8217;t have the numbers to take on the work, and there is no competition among the trades.&nbsp;<\/li>\n<\/ol>\n\n\n\n<ol start=\"8\">\n<li>Office conversions are happening, but the right buildings are only sometimes the ones that are getting government support and incentives.&nbsp;<\/li>\n<\/ol>\n\n\n\n<ol start=\"9\">\n<li>Outside Calgary, permits can be obtained in a few weeks. However, if you&#8217;re dealing with the city, you could be looking at as long as nine months.&nbsp;<\/li>\n<\/ol>\n\n\n\n<ol start=\"10\">\n<li>Affordability \u2013 would like to see kids be able to afford homes.&nbsp;<\/li>\n<\/ol>\n\n\n\n<ol start=\"11\">\n<li>Multigenerational housing is badly needed.&nbsp;<\/li>\n<\/ol>\n\n\n\n<ol start=\"12\">\n<li>The trades that are needed &#8220;just aren&#8217;t here.&#8221;&nbsp;<\/li>\n<\/ol>\n\n\n\n<ol start=\"13\">\n<li>Affordability: buyers can&#8217;t qualify for a mortgage anymore. Some can&#8217;t get renewals.&nbsp;<\/li>\n<\/ol>\n\n\n\n<ol start=\"14\">\n<li>Affordability for people moving toward retirement \u2013 there&#8217;s an opportunity to push a new model of home. Is that multigenerational?&nbsp;<\/li>\n<\/ol>\n\n\n\n<ol start=\"15\">\n<li>The industry is &#8220;standing on a burning platform&#8221; and can&#8217;t continue building homes as we do today. We need to be able to respond to demand using current techniques and look to manufacturing and technology.&nbsp;<\/li>\n<\/ol>\n\n\n\n<p>\u202f&nbsp;<\/p>\n<div id='pressboard-ad-sponsorship-msg'><\/div>","protected":false},"excerpt":{"rendered":"<p>What&#8217;s the biggest challenge facing Calgary&#8217;s real estate market?  If you ask more than a dozen of the city&#8217;s smartest real estate thinkers that question, you&#8217;ll get a variety of answers covering a wide spectrum of worries.\u00a0<\/p>\n","protected":false},"author":46,"featured_media":228428,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","apple_news_api_created_at":"2024-04-10T16:08:46Z","apple_news_api_id":"4e5b0941-063d-44a9-b0e0-212df4c406b0","apple_news_api_modified_at":"2024-04-10T16:08:46Z","apple_news_api_revision":"AAAAAAAAAAD\/\/\/\/\/\/\/\/\/\/w==","apple_news_api_share_url":"https:\/\/apple.news\/ATlsJQQY9RKmw4CEt9MQGsA","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[11108],"tags":[11417,11126,11132,11199],"coauthors":[10280],"apple_news_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>15 things that keep Calgary builders up at night | Livabl<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.livabl.com\/articles\/news\/15-things-that-keep-calgary-builders-up-at-night\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"15 things that keep Calgary builders up at night | Livabl\" \/>\n<meta property=\"og:description\" content=\"What&#039;s the biggest challenge facing Calgary&#039;s real estate market? 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