Toronto Struggles while Alberta Soars

By
Real Estate Agent with RE/MAX House of Real Estate

I am an avid reader of the Economist. The Economist focuses on international business and politics. I have noticed that generally there will be one article that focuses on Canada and it is not usually City specific. I was very pleased to see an article in the economist specifically about Calgary! The article titled; "The Charms of Calgary and the gloom in Toronto".

 Basically, the article is about how Calgary is booming with business, and how one day Alberta (could potentially Rise above Toronto and be the business capital in Canada. According to the OECD (Organization for Economic Co-Operation and Development) head-office employment in Toronto grew by %14.1 and Calgary rose by %64.6 between1999 and 2007! Let's not forget to mention how Alberta seemed to slip by the recession in comparison to the rest of Canada.

 The article does not say that Calgary is in direct competition with Toronto in anyway. As the majority of Toronto's businesses are the banks, stock exchange, lawyers and accountants. Here in Calgary the major industry is Oil and Gas. In fact, Calgary Mayor Says that Calgary's rivals are: Houston, Dallas and Dubai, rather than Toronto.

To view the full article: The Economist- The Charms of Calgary and the gloom in Toronto.

Posted by

Cody Battershill ABR. CCS. REALTOR With REMAX House. Call Me Direct: 403-370-4180 

© Cody Battershill 2011 All Rights Reserved

Comments (0)