Are you thinking about moving to Alberta? Deciding to relocate is a major life choice, and finding the perfect destination that aligns with your aspirations and values is essential. Calgary, a city nestled in the heart of Alberta, offers a myriad of opportunities and a unique lifestyle that has attracted people from all walks of life. If you're contemplating a move, let's explore why Calgary might just be the perfect place for you...

Thriving Economy and Employment Opportunities

Calgary's economy has historically been closely tied to the energy sector, but in recent years, the city has diversified its economic landscape. Boasting a diverse range of industries such as technology, finance, healthcare, and creative arts, Calgary offers a robust job market for professionals seeking growth and innovation. The entrepreneurial spirit is alive and well in this city, making it an ideal destination for career-driven individuals.

Unmatched Natural Beauty

Nestled against the backdrop of the stunning Rocky Mountains, Calgary's natural beauty is awe-inspiring. With easy access to national parks like Banff and Jasper, outdoor enthusiasts will find themselves in a haven of adventure. From skiing in the winter to hiking, biking, and kayaking in the summer, Calgary provides year-round opportunities to connect with nature and explore the great outdoors. With Banff and Canmore just one hour away from the city's core, the mountains are a surreal retreat from everyday life, promoting an active lifestyle and unmatched natural beauty.

Cultural Vibrancy and Festivities

Calgary's cultural scene is vibrant and diverse, offering a rich tapestry of art galleries, theaters, music venues, and cultural festivals. The Calgary Stampede, known as "The Greatest Outdoor Show on Earth," is a world-renowned event that celebrates the city's Western heritage and is a must-attend experience for both residents and visitors. The city's commitment to the arts and culture ensures that there's always something new and exciting to explore. Calgary's Central Library, Bell Studio, and numerous theatre productions are just a few stops on the must-see list. A wide variety of music festivals also make a visit to Calgary, including Country Thunder, Calgary Folk Festival, Chasing Summer EDM Festival, in addition to regular stops by world-renown artists – there's something for everyone!

Quality of Life and Community

Calgary consistently ranks as one of the world's most livable cities, and for good reason. Its low crime rates, excellent healthcare system, and strong education options make it an appealing choice for families and individuals alike. The city's friendly and welcoming atmosphere fosters a strong sense of community, making it easy to build meaningful connections and forge lifelong friendships.

Proximity to Adventure

Living in Calgary means having access to an abundance of adventure just a stone's throw away. Whether it's embarking on a road trip to the majestic Rocky Mountains, exploring the Badlands, or enjoying the serenity of the Bow River and the rolling Foothills, opportunities for exploration and relaxation are endless.

Make the Move!

Moving to Calgary is more than just a change of location; it's an opportunity to embrace a dynamic lifestyle, abundant opportunities, and a strong sense of community. From its diverse economy to its breathtaking natural landscapes, Calgary offers the perfect blend of urban living and outdoor adventure. Whether you're seeking career growth, a higher quality of life, or the chance to surround yourself with natural beauty, Calgary welcomes you with open arms, promising a fulfilling and enriching life journey.

Make sure you reach out for more information on how to make the move as smooth and seamless as possible with a local Realtor!

Canada's annual inflation rate rose 0.6% in July (from June), kicking up the July inflation rate to 3.3% (from 2.8% in June) - more importantly, our inflation rate is now higher than the U.S. for the first time since the pre-pandemic days. Keep in mind, the Bank of Canada's inflation target is 1–3%.

Contributors to this increase were due to shelter (+0.7% Y/Y) fueled by a +2% surge in mortgage interest costs (now +30.6% Y/Y) and utilities (+2.3% Y/Y). Airfare and travel services were also strong due to the summer travel season. Gasoline prices are on track to rise over 5% in August.

Impact: This is not a good report for the Bank of Canada, while they did expect a 'back-up' in headline inflation (i.e., sticky down trend), July's result is already at the Q3 expectation, with August's readings to date expected to be even higher. The silver lining here is that CORE inflation is slowing. With the increase in unemployment and clear signs of cooler spending, some economists expect the BoC to PAUSE in September to give prior rate hikes some time to settle in - however, this month's reporting makes it a tough call. 

 (Inflation Report Here)

Canadian existing home sales were also reported to be balanced across Canada - except for the Calgary market. Sales-to-new listings ratio is running hot at 82%, and prices are now 5% higher than the early-2022 high! On the flip side, Toronto's sales-to-new listings ratio is at the lowest in all markets at 44%. Relative pricing across the country continues to point to the Calgary market as the most affordable market heading into the pandemic boom and remains cheap coming out of it.

Impact: At a feeral level, the housing market is balanced, except for our outlying market here in Calgary. The inflation backdrop continues to argue for higher rates to remain well into next year - meaningful near-term mortgage rate relief looks unlikely. The challenge of higher mortgage rates and possible increase unemployment rate will be battling against strong demographic demand for housing. However, buyers seem to be adjusting to higher rates.

 (Housing Report Here)

Source: Bank of Canada, Statistics Canada