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

Revenue properties more stable than the stock market

What would you do if you could wake up every morning and have enough money to do  whatever you wanted to do that day?

What if you didn't have to punch the time clock, or head to the office for 9 a.m.?

What if you didn't have to let your boss determine your destiny?

Over the last couple of weeks, I've focused on revenue properties – how one client received 17 per cent returns on her first rental property, as well as three rules for buying rentals.

* Sandstone City: A series looking at the people, architecture and culture of Calgary's sandstone glory days

Sandstone statesman Calgary's first municipal heritage resource

Old City Hall has a new lease on life thanks to budgetary concessions that will preserve a cornerstone of Calgary's history.

During budget deliberations in late November, city council designated $35 million to a fund to restore heritage buildings such as the 103-year-old sandstone structure on the corner of First Street and Seventh Avenue S.E.

The new funding comes just months after Old City Hall made the news when pieces started falling from the exterior. The newfound funding will address the crumbling sandstone and weakening of the stone due to June 2013 flooding.

Provincial politicians submit letters of support to Calgarians for Secondary Suites

Provincial MLAs and party leaders are joining a growing throng of secondary suite supporters leading up to a crucial vote at city council Dec. 15.

"As a former small business owner, I know the importance of attracting and retaining talent to our rapidly expanding city," said Alberta Party leader Greg Clark, in a letter submitted to Calgarians for Secondary Suites, the grassroots group behind the We Support Secondary Suites campaign. "For workers to come to our city, we need safe and affordable options for them to transition."