https://sheldonyakiwchuk.substack.com/p/things-arent-as-bad-as-i-thought
Calgary Housing Bubble is Already Bursting - nobody is paying attention…
FOR IMMEDIATE RELEASE October 2, 2025
SHELDON YAKIWCHUK SOUNDS ALARM ON CALGARY’S HOUSING MARKET AND REZONING PLANS, WARNING OF HOUSING MARKET INSTABILITY
CALGARY, AB - As advance polling opens across Calgary, Ward 4 independent candidate Sheldon Yakiwchuk is sounding the alarm on the city’s housing direction, warning that political posturing around densification is driving the market and neighborhoods into dangerous territory.
Yakiwchuk says both political parties running candidates this election, Communities First and The Calgary Party, are failing Calgarians by ignoring real data and community voices.
“The two major parties keep pushing top-down densification plans that ignore economic reality,” Yakiwchuk said. “Communities First promises to repeal blanket rezoning, while The Calgary Party wants to keep it another 18 months before adjusting. But Communities First still supports Transit-Oriented Communities - which is just Blanket Rezoning 2.0.”
Yakiwchuk pointed to the proposed TOC project in Dalhousie, where the community faces the loss of 640 parking spaces - despite these lots being full every weekday - to make way for more housing.
“When the community was surveyed, 81% said new developments like this put too much stress on local services and infrastructure, and 79% said TOCs would create more traffic and parking issues,” Yakiwchuk said. “Nearly three-quarters found TOC projects unappealing, and almost half saw no benefit to increased density near transit. The message is clear—residents aren’t being heard.”
Dalhousie Station - Transit-Oriented Community - Preliminary Community Insights.
He added:
“I thought Communities First was about engaging with the community. If they’re pushing ahead despite what residents are saying, they’re no different than the municipal government we’re trying to replace. At least The Calgary Party is being honest, they don’t care what Calgarians want and have no intention of listening when it comes to the densification their party supports.”
Citing recent housing data, Yakiwchuk noted that Calgary is already showing signs of strain: a 7.4% rental vacancy rate, four months of housing supply, and 25,000 new homes in the pipeline, 48% of them rentals.
“We saw what happened in 2016 when vacancy rates peaked at 7% - unfinished developments, declining property values, and empty units,” he said. “History’s about to repeat itself.”
Yakiwchuk also criticized city leadership for neglecting infrastructure while expanding bureaucracy and taxes.
“We’re losing 20% of our water through leaky pipes, only 38% of roads are in good condition, and we’re short hundreds of police and firefighters,” he said. “Yet administration has greatly outpaced population growth while services are on the decline. This is simply not sustainable.”
New report denounces Havana and claims ‘campaign of subversion’ has infiltrated highest levels of US government
"...There is overwhelming evidence that the machinery of the Cuban Government has been progressively organized around… a fundamental hatred of the United States,” the report stated. “Many of the most significant upheavals in recent American political history —from the George Floyd riots to the rise of Antifa to the explosion of pro-terrorist activism on American college campuses— can be linked, in some way, shape, or form to Cuban influence.”
The report doesn’t just hand-wave. It names names. It details how the Venceremos Brigade and other “revolutionary tourism” programs have funneled thousands of American activists to Havana for ideological (and sometimes literal) weapons training.
The Venceremos Brigade has brought 10,000 American activists to Cuba since 1969. This is because nothing says “I am fighting for the oppressed working class” quite ...
Now there is a plan! Of course dumb Canadians will not have the courage to vote with their brains, instead of their propagandized feelings of fear.
Canada’s economy is stalling badly.
We just endured the worst decade for real GDP growth per person since the Great Depression.
Over the past ten years, real GDP per capita limped along at an average of just 0.6% annually.
And Bloomberg’s consensus forecast for 2026? A paltry 0.7%.
Why does GDP matter?
Because family disposable income follows GDP like a shadow. Anemic economic growth resulting from lower investment means stagnant wages. Period.
The Liberals and fake Conservatives won't fix this.
The People's Party has a comprehensive plan to unleash private investment, supercharge productivity, and put more money back into your pocket:
Make the Accelerated Capital Cost Allowance (ACCA) permanent – Let businesses write off capital investments rapidly and skyrocket cash flow.
End Corporate Welfare – Zero subsidies. Zero bailouts. Zero regional ...
