Taal, do you remember about a week ago I suggested you look up the amount of office space in the core of Toronto (as you thought it was only 50M sq. ft.) and I said it's closer to 75-80M sq. ft. (assuming you go up to Bloor, Spadina, etc. as boundaries)? You finally agreed, however, in a separate thread, you again mentioned that Toronto's downtown only has 50M sq. ft. after our discussion. Not sure why? And now, regarding the point above, you don't seem to get the context here! We're not talking about the amount of office space in the above-mentioned post, but rather the number of office building skyscrapers (say 30 storeys or more). So, Calgary has not only caught up but will surpass Toronto in that! Google this and see how many office towers above 30 or 40 storeys each city has if you don't believe it!
And if were to speak of office space in the core, ironically, if we were to assume that Toronto's core only has 50M sq. ft. (like you thought upto last week and perhaps still do), then Calgary's core is very close to it, as it has over 40M sq. ft. of office space already in its core with much stronger potential for new construction than Toronto's core. Only if you accept the fact that Toronto's core has 75-80M sq. ft. of office space is the argument Calgary's core is smaller valid (in terms of office space). In terms of the number of highrise office towers, however, Calgary is still first (30 storeys or more) although Toronto's tallest are taller than Calgary's tallest.
Why are some forumers so defensive of their own city? I wish people were more objective....Toronto's office market is solid, no doubt about it, but Calgary truly does have the strongest overall office market in Canada (regardless of their higher volatility rates of vacancy) and especially considering its metro population!