On Dec. 15, city council voted 8-7 against secondary suite reform in Calgary. Here's some of what was said throughout the debate.

Mayor Naheed Nenshi:

"How can we continue to have discretion in this debate while removing the approval of each secondary suite from council ... a lot of folks think today's vote, if it were to pass, [suites would] be legal immediately."

"If this fails today, we're done ... I'm done frankly because we have tried very hard to try different compromises."

Calgary Mayor Naheed Nenshi made his annual address at the Calgary Chamber's The State of Business in Calgary event today.

Here's some of what the mayor had to say:

On the drop in oil prices

"Yes, we're a little bit nervous about what's going forward, about what will happen but I'll remind all of you, we were also nervous at the end of 2008 and this city and this region, although we certainly had some pain, got through that better than just about everybody else in the world. And I think that that has a lot to do with the confidence and optimism of the people that live here."

While the recent drop in oil prices has caused speculation about implications for the housing sector, stable conditions are expected given current forecasts for employment and migration.

"While employment and migration are expected to support housing demand, estimates could change depending on the extent and duration of oil price declines," said Ann-Marie Lurie, CREB®'s chief economist. "However, concerns over the potential impact will influence consumer confidence. This is expected to cause supply and demand to ease in 2015, maintaining resale market balance and keeping prices relatively stable."

Every holiday season, Heritage Park pulls out all the stops transporting people back in time to Christmases gone by.

The parks many heritage homes are done up in Christmas decorations of bygone eras and activities include Christmas carols, holiday musicals in the Canmore Opera House, gingerbread man decorating, holiday crafts and antique portraits.

12/15: On Dec. 15, secondary suites once again go to Calgary city council for blanket approval

$5,000: Last September, council waived the $5,000 fee normally charged for applying for a secondary suite

1.4%: Calgary's vacancy rate has been hovering around 1.4 per cent, which, along with Edmonton is the lowest in Canada