An effect of the growing population in cities such as Calgary and Edmonton is the development of more homes in Alberta. This phenomenon in turn leads to the establishment of more innovative forms of housing in the province. Businesses that are focused on providing long- and short-term lodging in Alberta are looking for ways to incorporate the good points of a specific form of home coupled with those of another one.

Take the condo townhouse for instance. This kind of housing unit presents the privacy enjoyed by people that own townhomes and the individual ownership obtained by those who live in condominiums. An Alberta condo townhouse offers adequate space for couples, families, and small groups and adds a sense of community as it is situated alongside other similar homes. In addition, this type of real estate can be purchased by its occupants; hence, they have the right to modify parts of the structure. It should be noted though that if a person decides to buy and claim individual ownership over the condo townhouse, he still normally has to pay maintenance fees to the condominium association before changes or repairs can be made in his home.

With regard to the cost of living in a condo townhouse in Alberta, prices start at around 300,000 Canadian dollars. However, prices are usually negotiable, so home buyers can have a chance of getting a relatively lower rate. Alternatively, for those who would like to reside in a condo-style townhome but do not have enough funds to purchase one, there are units for rent most of the time in metropolitan districts in the province.