Development of retail properties in Calgary surged at the start of the year, jumping 23% from the end of the year to nearly 2.5 million square feet under construction, a level that is just 5% shy of peak 2019 levels.
Retail building permit approvals off to a strong start in Calgary
Over the first third of the year, more than $100 million in building permit values have been approved
By Paul Richter
CoStar Analytics
June 13, 2025 | 9:16 P.M.
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