Labour & Growth Outlook – Tariff Risks Remain
- ClearView Insider
- May 1, 2025
- 1 min read
Updated: Jul 25, 2025
Calgary’s working-age population continues to grow, increasing by 5.7% in Q1 2025. This growth is helping sustain housing demand, particularly as more people relocate to Calgary for work. Employment also rose by 4.3% this quarter, driven largely by private sector expansion—an encouraging sign of our local economy’s resilience.
At the same time, interest rates are trending downward, with the Bank of Canada issuing seven consecutive rate cuts, making borrowing more affordable for businesses and individuals. However, ongoing global trade tensions and the threat of new tariffs may drive up construction costs, potentially impacting the feasibility of new development projects.
If you're planning or reassessing your commercial real estate strategy, now is a good time to evaluate how these shifting economic factors could influence your next moves.
Reference: City of Calgary, Calgary Housing Review – Q1 2025 (Calgary: Corporate Economics, April 22, 2025)
Connect with ClearView: Curious how these economic indicators could affect your commercial real estate decisions? Reach out to us at info@cvpartners.ca we’re here to help you explore how ClearView can support your real estate goals.