Forget Houston, Calgary, North America’s Other Oil Bust Market, Facing a Real Problem

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Houston’s office market continues to struggle with leasing activity, down by almost 35% at mid-year 2016 from a year ago. However, Houston isn’t the only North American city with an energy-focused economy vulnerable to sagging crude oil prices.

Calgary, the largest office market in Canada’s Alberta Province with a cowboy culture every bit as rich as the original Texas boom-and-bust market, and an economy similarly linked to energy markets, has…


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