Vacancy Rate & Europe Brent (Calgary, 1988–2023)

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Vacancy Rate & Europe Brent | Calgary (1988–2023)

Long-run view of Calgary’s rental vacancy rate alongside Europe Brent crude prices, from the late 1980s to 2023. Use this to read how energy booms and busts shape migration, construction, and housing supply in a cyclical way.

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Focus: Housing Vacancy Rate Brent Oil Energy Cycle

Calgary Vacancy Rate & Europe Brent

Data refresh: Oct, 2025

Context: This long-run view (late-1980s onward) sets Calgary’s vacancy cycle against Europe Brent crude. Energy upswings often tighten vacancies with a lag as jobs and in-migration rise, while oil downturns can leave excess supply in the rental market. Use the time slider to zoom into specific cycles for more detailed reading.

📌 Interpretation Tips

Oil upswings can tighten vacancies with a lag as energy jobs and in-migration rise.
Watch turning points where Brent falls while vacancy rises — supply temporarily exceeding demand.
Annotate notable peaks (e.g., 2008, 2014–2016, 2020) to compare how each cycle behaved in Calgary.