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A Case of Vertical Fiscal Imbalance

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Calgary and Region Economic Outlook Fall 2015

Calgary & Region Economic Outlook Fall 2016
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The forecast for the Calgary Economic Region shows that GDP will contract by 3.2 per cent in 2016 and grow by 1.2 per cent in 2017. Economic activity will be weighed down by reduced investment expenditures and job layoffs.

A Case of Fiscal Imbalance

A Case of Fiscal Imbalance: The Calgary Experience
(An Update)

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Calgary’s contribution to the balance sheets of the federal and provincial governments leaves the local government with less than adequate revenue to fund its spending responsibilities. This has increased the local government’s reliance on intergovernmental transfers, which by nature is fraught with uncertainty.

Residential Property Taxes Survey

2014 Residential Property Taxes and Utility Charges Survey
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Common among Canadian municipalities of different physical sizes, climates, customers, and service offerings is the fact that they operate on balanced budgets. This survey attempts to show, from citizens' perspective, the financial burden of owning property.

Oil price chart

Oil Price Chart
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Energy sector has been a key economic driver for Calgary. The price changes and fluctuations in crude oil market have significant impact on Calgary’s economic performance. West Texas Intermediate (WTI) is a grade of oil used as a benchmark in oil pricing, while Western Canada Select (WCS) is the price obtained for many Alberta producers.



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 Calgary Quick Facts


(projection Sept. 2016)


Inflation Rate
(y/y mov. avg., Aug. 2016)


Unemployment Rate (Sept. 2016)


Housing Starts
(Aug. 2016)

 742 units

Building Permit Value
(resident. & non-resident., Sept. 2016)

$543.9 M

Latest Reports

Reports Overview

Calgary & Region Economic Outlook

Fall 2016See all

Current Economic Indicators

Sept 2016See all

Housing Review

Q3 2016 • See all

Inflation Review 

Sept 2016See all

Labour Market Review

Sept 2016See all

Other Research Reports

Labour Market Special Report #2: Economic Growth and DiversificationSee all

Population Outlook

2013-2018See all