While Calgary’s unemployment rate dropped slightly, it was still the second highest in Canada, the release added. Additionally, the NDP said, Calgary continues to struggle with the “highest downtown vacancy rate in the country,” adding it carries the highest downtown office vacancy rate in t...
In H2 of this year, housing starts in Calgary grew 38% compared to the same period in 2023. 11,600 housing units were added to the market, primarily from multi-unit housing developments, according to the Canada Mortgage and Housing Corp. (CMHC) and for the rental market. During last summ...