The Conference Board of Canada is predicting an economic development rate of growth equal to 4.1% for the years 2013 and 2016. Developers will be placing their focus on the retail market and adding needed space while investors will be keeping their eyes on office and multi-residential buildings.
Calgary's investment activity is starting out strong for 2013 and is anticipated to flourish even more as the year goes on. With a slow recovery anticipated for Europe's economic recovery, it is expected that international investors will be taking a better look at Alberta, and Calgary in particular, for new opportunities.
Calgary has unquestionably made its way into the global spotlight according to the chief executive and president of Calgary Economic Development, Bruce Graham. According to Mr. Graham, this is most evident in investment real estate as well as in gas and oil projects.