Famed retailers racing to calgary's red Calgary's booming economy, a young population and high levels of disposable income have some international retailers looking at this marketplace some overlooking toronto and vancouver as their first entry point into canada. A record low vacancy rate and pent up demand is fuelling massive retail development in the city, with about one million square feet currently under construction and another 6.6 million square feet proposed for the city. Within the next year to three years, calgarians can expect to spend their dollars at a number of new retail giants which will set up shop here for the first time including louis vuitton, tiffany, gucci and apple. "The massive retail projects are reacting to the pent up demand,"Said darryl schmidt, director of leasing in calgary for cadillac fairview corp.Ltd., during the Buildex Calgary conference Tuesday. "There's far too much retail demand for the inventory in the market today. & ... Read more »