Cheap oil drives a tenants’ market in Calgary

“Despite the drop in oil prices in the later part of 2014, there is a sense of long-term momentum and growth in Calgary,” Kwong said in CBRE Canada’s 2015 Canadian Market Outlook, released in December before the U.S. benchmark West Texas Intermediate dipped below $50 US.

While the long-term outlook remains promising, Calgary is beginning to see tangible consequences of a downturn in the oil and gas sector.

Read full story HERE.

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