Calgary Developers' Hard Work
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wealthy developerscalgaryherald
•Business
Business & Economics
White: In defence of the so-called 'greedy' developers
58% Informative
Calgary 's housing sector is one of Calgary ’s key economic engines, fuelled by the money developers and their investors investing back into the community.
Developers typically have hundreds of millions of dollars tied up in land purchases, as well as design and approval costs for 10-plus years before they get approvals to subdivide the land and sell lots.
It takes another 10 to 15 years before the new community is completed and they are fully paid out.
Developers build what people want and can afford.
The average single family home has grown from 850 square feet in the late 1950s to around 2,000 sq. ft. today .
The developer who builds the biggest house with the highest return is the homebuyer who drives up the cost of housing.
The city that loves the extra tax revenue it will get with the increased residential density with smaller lots in the suburbs.
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