StarMetro Calgary - - SPORTS -

Bad news in 2018 in­cluded the fail­ure to get a pipe­line built, the ‘no’ vote on the Olympics bid, 12 mil­lion square feet of va­cant of­fice space in the down­town and the re­sult­ing re­duc­tion in tax rev­enues. It was par­tially off­set by the com­mer­cial in­dus­trial mar­ket, with com­pa­nies like Ama­zon, Wal­mart, Lowe’s and Cana­dian Tire es­tab­lish­ing distri­bu­tion cen­tres that, while not hir­ing a lot of peo­ple, rep­re­sented growth.

For 2019, I would like to see a change in at­ti­tude of fed­eral, pro­vin­cial and civic gov­ern­ments to­wards busi­ness and the cre­ation of jobs. The in­vest­ment mar­ket is ro­bust, so pen­sion funds, pri­vate eq­uity firms and in­di­vid­u­als are buy­ing real es­tate at sup­pressed prices. That will con­tinue to be the bright spot in 2019.”

GREG KWONG

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