Nov. 19, 2016 | Cailynn Klingbeil
Former CREB® president Bob Jablonski recalls 2012 as the year it started to turn around
Bob Jablonski doesn't have to look back too far to remember the last time Calgary's economy was booming.
During his year as CREB® president in 2012, the city was running at a full sprint due to good fortunes in the oil patch. Completion of the new West LRT, The Bow and Peace Bridge were just three of the many major initiatives that came to fruition in Calgary that year, noted Jablonski, who remembered, "the city was getting big and busy."
For many, particularly those in the real estate sector, the good news was overdue. Calgary's housing market had slumped since the 2008 financial crisis, not recovering at the same pace as other Canadian cities.