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Calgary's housing glut balloons to levels not seen in decades

from Calgary Sun

Despite a steady wave of indicators that suggest Calgary's economy is on the mend after a bruising recession, data released recently shows the city is dealing with a glut of housing that hasn't been so big in two decades, perhaps longer. City hall reported in its latest census that nearly 23,600 housing units are vacant, up by 2,700 over last year's levels, pushing the vacancy rate to 4.76 per cent, its highest peak in recent memory. more

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