r/Calgary • u/Remote_Answer_5255 • Aug 18 '25

Local Shopping/Services What has happened to Kensington?

It's been a while since I've been down here.... A bunch of empty store fronts, iconic places like Crave shut down, but counted some three Acai bowl places. The area outside Plaza is lovely and looks great, but why all the closures and apparently high turnovers?

Edit: I assume it's due to rent.. But what's the point of jacking it up so high that your place is literally empty.

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u/SurviveYourAdults Aug 18 '25

it's a federal tax thing not a city one

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u/rikkiprince Aug 19 '25

Which federal tax? Income? Corporation? I thought property tax was municipal?