Calgary Economic Development is considering ideas such as converting offices to residential and introducing incentives to bring new companies to the city.
As part of the package to attract new businesses, the CED will say that it believes the energy sector has changed permanently; allaying fears that better times for the industry could squeeze the labour market for other sectors.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Point Clark, Bamberg, Saint-Alban, Newry, Sainte-Ursule
The oil downturn has seen the commercial real estate vacancy rate in downturn Calgary surge to around 20 per cent but a new plan aims to address that.