You can always go downtown. At least that's what the song says.

Much has been written about the current woes of Calgary's Downtown Commercial Core. Office vacancies are approaching 30 per cent and many businesses and commuters are conspicuous in their absence from the area.

However, there are a significant number of Calgarians who have no intention of going anywhere, even after the workaday crowd goes home.

Calgary's downtown office vacancy rate is going nowhere but up.

By the end of this year, that rate is projected to jump to 29.5 per cent, and it will climb even higher moving into 2021, says Greg Kwong, regional managing director with commercial real estate company CBRE.

According to Calgary Economic Development, Calgary has the potential to become an industry leader in the burgeoning Canadian video game and "immersive media" sectors.

I guess it's fitting, then, that Calgary has actually appeared in a handful of video games over the years, whether by design or thanks to the efforts of a few creative players.

According to Calgary Economic Development, Calgary has the potential to become an industry leader in the burgeoning Canadian video game and "immersive media" sectors.

I guess it's fitting, then, that Calgary has actually appeared in a handful of video games over the years, whether by design or thanks to the efforts of a few creative players.

The vibrancy of Calgary's downtown office market is a good indicator of the health of the city's economy, and since the oil price collapse that started in the latter half of 2014, they've both been struggling.

American businessman Keith Warner may have just become Calgary's – and, specifically, Inglewood's – biggest cheerleader, as his multi-million-dollar video game development company will open a studio in the community in May.

New HQ or not, e-commerce giant's impact is already being felt

Let's call it the "Amazon effect": the cascading economic stimulation that comes from one of the world's largest corporations taking up residence in your market.

It is an effect already being felt in the Calgary region after the announcement that the e-commerce giant will be opening a 600,000-square-foot distribution centre in Balzac – employing 750 full-time workers, and an additional 450 part-time or seasonally, by the end of 2018.

With discussions continuing to swirl around Calgary being an attractive location for foreign homebuyers, CREB®Now contributor Alex Frazer-Harrison sat down with three local experts to get their opinions on what the future holds for the city's housing market.

Here's what they had to say:

With discussions continuing to swirl around Calgary being an attractive location for foreign homebuyers, CREB®Now contributor Alex Frazer-Harrison sat down with three local experts to get their opinions on what the future holds for the city's housing market.

Here's what they had to say: