Why Calgary is Still Canada’s Fastest Growing City
Despite the economic downturn triggered by the precipitous fall in crude oil prices, Calgary’s population continues to grow and outpace projections made just a few years ago. According to the City’s 2015 Census, the 1.2 million people currently residing in Calgary represent a 3% increase from the prior year. 2015 witnessed the third largest influx of new residents in Calgary’s history. Despite economic concerns that are affecting all but a few areas of the country, Calgary remains Canada’s fastest growing city.
The unemployment rate in Calgary right now is hovering around 7% – similar to most of the country. The newcomers still flocking to the City are putting their faith in the belief that Calgary’s diversified economy will enable it to weather the storm and handle the seemingly random spins of economic cycles. The manufacturing, finance, construction and transportation sectors remain viable sources of employment for Calgary’s growing population.
While the promise of good jobs may have been a driving force during the city’s exponential growth over the past twenty years, there were other factors at work that caused the newcomers to stay and make Calgary their permanent home. The City consistently ranks high in MoneySense magazine’s annual list of “best places to live” in Canada. The MoneySense editors understand what Calgary residents already know – the weather, spectacular scenery, emphasis on active lifestyle and strong sense of community combine to make Calgary a very livable city. In fact, The Economist has declared Calgary to be in the top five “most livable cities” in the world and awarded the City perfect or near perfect scores in the categories of “stability”, “education”, “healthcare” and “infrastructure”. Residents, visitors and pundits the world over agree that Calgary is a very good place to live.
When it comes to urban planning, cities throughout North America and the world look to Calgary as a model in the ongoing fight to balance growth and development with environmental concerns. Many residents choose to bicycle to work and even more enjoy the City’s vast network of hiking trails and paths on a daily basis.
Even in the face of economic uncertainty fueled by energy industry woes, Calgary’s diversified employment opportunities and high wages keep workers coming. Our healthy, active lifestyle, incredible natural beauty and intact pioneer spirit compel them to stay.
Are you looking to Sell or Buy a home in Calgary and need someone who won’t rest until you’ve found your dream home or until your home is sold? I’ll work hard to earn your trust and to deliver exactly what you need. Contact me at 403-589-0004 or at TheHowardTeam.net.
About Bryon Howard
Bryon Howard and his team of Calgary real estate professionals sell an average of two homes a week. He is a member of the MLS Million Point Club, which ranks him roughly in the top 1% of productive realtors in Calgary. His aim is not just to please clients but to help them buy/sell a home in Calgary at the best price, in the shortest time, and with the least hassle. He is a member of the RE/MAX House of Real Estate that leads in the Canadian market. Learn more about Bryon at TheHowardTeam.net.
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