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The Importance of Affordable Housing

Housing provides stability, both economically and socially, and is integral to human well-being. Affordable, safe and suitable housing for individuals and families is integral to supporting the lives of all Edmontonians.

Edmonton has one of the fastest growing economies in Canada. It is largely dependent on the broader Alberta economy, and is subject to cycles of growth and prosperity.

Edmonton is also home to many newcomers, attracted to the city from other parts of the province, the country and the world. Language and culture can be barriers to gainful employment and to finding safe, suitable and affordable housing.

For many Edmontonians, our prosperous economy has meant greater job prospects and higher wages. For others, it has resulted in an increasing inability to find affordable housing due to higher rents and lower vacancy rates.

Affordable Housing Investments 2017-2018

History

The City of Edmonton has a strong history of supporting affordable housing provision and development.

  • 2007 — The City of Edmonton presented a number of recommendations to the Premier's Task Force on Affordable Housing.  
  • 2006-2010 — The City of Edmonton was given a mandate to collaborate with governments, the private sector and the community to provide an additional 2,500 units of long-term housing between 2006-2010. To date, the Cornerstones program has planned funding commitments which will help create over 3,000 housing units.
  • 2003 — The Edmonton Task Force on Affordable Housing was established to undertake an analysis of affordable housing needs in Edmonton and to develop a strategy to respond to the limited supply of affordable housing.
  • 1977 — The City of Edmonton Non-Profit Housing Corporation (HomeEd) was created to provide affordable rental units throughout the City, including accessible units for those with mobility challenges.
  • 1969-1974 — The City of Edmonton develops over 1,000 units of family housing through the Edmonton Community Housing Organization.
  • 1960 — The City of Edmonton supports the establishment of the Greater Edmonton Foundation, an organization which operates subsidized senior citizen lodges throughout Edmonton.

For More Information

Real Estate Services

Financial and Corporate Services
10th Floor, Edmonton Tower
10111 104 Avenue NW
Edmonton AB T5J 0J4

Telephone

In Edmonton: 311

Outside Edmonton: 780-442-5311

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