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Calgary has earned such historic accolades as ranking 25th in the Mercer Quality of Living Survey (2006), 10th best city to live in according to the EIU and ranking first as the world’s cleanest city 2007 (Forbes).
A high (and increasing) immigrant population is telling of Calgary’s prowess as a city worthy of international acclaim, as well as forging an ethnically diverse population. Its substantial and rapid economic growth is rooted in the petroleum industry, with industry giants such as BP, EnCana, and Shell amongst others, being major employers. However, recent diversification has seen alternative industries such as agriculture, tourism and technology contributing greatly to Calgary’s economy. A distinctly low unemployment rate means that both skilled and unskilled workers are in high demand.
Necessarily, Calgary’s economic growth has led to a significant increase in house prices, which peaked in 2007. However, due to its occupying such a large physical area (and many suburban areas being incorporated into the city proper), there are several property options for newcomers. As with most cities, apartments, condominiums and houses located in the downtown core are generally more expensive than the outlying suburbs and Calgary’s densest neighbourhood, The Beltline, south of 9th Avenue and distinct from downtown becoming a focus of major municipal rejuvenation.
From contemporary condo complexes to traditional family houses, Calgary boasts some breadth and there is something for every taste and lifestyle.
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