Notley's government is removed from reality
Still, Calgarians are a resilient lot who have seen this movie before. With economists now formally calling this a recession, and with layoffs well into the thousands, people are hunkering down, loading the larder, packing the bunker. There are indicators of this everywhere. One person tells me pawn shops are brimming with jewelry that people are selling off to stay afloat, and that there are wait lists to become a school bus driver, a job that was hard to fill for love or money in the glory days of yore, last year.
The vacancy rate that was not so long ago less than one per cent, considered a “zero vacancy rate,” is now 3.2 per cent. Kijiji, the unofficial measurement of what’s available, shows more than a hundred pages of listings (of at least 25 a page) of people renting rooms in their house. And that’s just since mid-August, not including what’s already been filled.
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