Calgary, a city known for its diversified economy, commitment to innovation, and high quality of life, experienced significant progress in 2022. 

As outlined in the Calgary in the New Economy framework developed by Calgary Economic Development, the city's economic strategy focuses on five key areas: talent, livability, business environment, innovation, and brand.

The recently released 2023 Progress Report highlights the initiatives undertaken by various stakeholders in the community, business, and government sectors to advance these priorities. For REALTORS^®, this progress signals promising opportunities in Calgary's evolving economic landscape.

A testament to Calgary's resilience: Calgary's economic growth in recent years is a testament to the resolve and commitment of its residents. The city's mayor, Jyoti Gondek, emphasized the positive momentum and the city's dedication to innovation, enhanced learning opportunities, and greater diversity. This forward-looking mindset positions Calgary as a city with an optimistic future, making it an attractive destination for individuals and businesses alike.

Progress and initiatives: The 2023 Progress Report highlights the exciting initiatives undertaken in 2022 that propelled Calgary's economy forward. These efforts were spearheaded by the community, businesses, and government partners. Notably, Calgary is one of only two cities in Canada with a long-term economic plan guiding its development. This commitment has laid a solid foundation for future success, with a particular focus on economic prosperity and quality of life for all Calgarians.

Areas of opportunity: As Calgary becomes increasingly appealing to companies, capital, and talent, continued investment is crucial to maintain progress. The report identifies several key areas that require attention and action, which present opportunities for REALTORS^® to align their strategies with the city's vision. These areas include innovation, climate mitigation and adaptation, vibrancy and revitalization, affordability, workforce development, truth and reconciliation, as well as equity, diversity, inclusion, and accessibility.

Driving progress in Calgary: To further drive the economic strategy and foster transformational change in the city, Calgary Economic Development will be hosting the inaugural Driving Progress: Calgary in the New Economy Assembly on June 8, 2023. This gathering will bring together business and community leaders committed to championing economic prosperity for all in Calgary. The assembly presents a unique opportunity for business and community leaders to connect with key stakeholders and contribute to the city's continued growth.

Calgary's economic progress in 2022 demonstrates its resilience and adaptability in the face of evolving economic and social landscapes. For REALTORS^®, this progress signifies a promising outlook as the city attracts talent, embraces innovation and builds on its vibrant culture and welcoming business environment.

To learn more about the accomplishments and future plans for Calgary, read the full 2023 Annual Progress Report along with the highlights, and familiarize yourself with the Calgary in the New Economy economic strategy.