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Retail Fundamentals Bolstered by Forecast
for Strong Consumer and Economic Growth
Favourable growth prospects support retail property sector. Calgary remains among Canada’s stronger economies, with GDP and employment expected to outperform the national average in the coming years. A steady influx of skilled workers and comparably high household incomes should support continued gains in disposable income and consumer spending. These consumer fundamentals are expected to drive above-average retail sales growth, boosting retailer demand and property performance over the longer term.