Calgary trumps T.O. in real estate ranks

They beat us badly in the Grey Cup, but Calgary has displaced Toronto as the top ranked real estate city for 2013, according to the Emerging Trends in Real Estate 2013 report from Pricewaterhouse Coopers (PwC) and the Urban Land Institute (ULI).

According to the report, it has become challenging to acquire high quality real estate in Calgary, absorption of prime properties has reached record levels and rents are being pushed due to limited supply, a trend expected to continue in 2013, especially in office and industrial employment space. Construction will increase in the housing and non-residential arenas, but nowhere near pre-crisis levels.

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