Updating a 1960 ranch home

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The subsequent drops in oil prices were cited by industry as reasons for a collapse in the oil industry and consequently the overall Calgary economy.Low oil prices prevented a full recovery until the 1990s.The population increased by 272,000 in the eighteen years between 1971 (403,000) and 1989 (675,000) and another 345,000 in the next eighteen years (to 1,020,000 in 2007).During these boom years, skyscrapers were constructed and the relatively low-rise downtown quickly became dense with tall buildings.Since the climate of the region is generally dry, dense vegetation occurs naturally only in the river valleys, on some north-facing slopes, and within Fish Creek Provincial Park.The city is immediately surrounded by two municipal districts – the Municipal District of Foothills No. It is situated at the confluence of the Bow River and the Elbow River in the south of the province, in an area of foothills and prairie, about 80 km (50 mi) east of the front ranges of the Canadian Rockies.The city anchors the south end of what Statistics Canada defines as the "Calgary–Edmonton Corridor".

The Elbow River flows northwards from the south until it converges with the Bow River at the historic site of Fort Calgary near downtown.The nearby mountain resort towns of Banff, Lake Louise, and Canmore are also becoming increasingly popular with tourists, and are bringing people into Calgary as a result.Other modern industries include light manufacturing, high-tech, film, e-commerce, transportation, and services.Widespread flooding throughout southern Alberta, including on the Bow and Elbow rivers, forced the evacuation of over 75,000 city residents on June 21, 2013, and left large areas of the city, including downtown, without power.Calgary is located at the transition zone between the Canadian Rockies foothills and the Canadian Prairies.

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