Everybody Wants to Come into Calgary

For the third time, the Toronto Board of Trade released its yearly Scorecard on Prosperity. Comparing the attractiveness for workers and families, living environment, and their economic potential across twenty-four prominent cities world-wide, this survey attempts to order the cities according to rather unbiased statistics. Some of the surveyed cities were Boston, Hong Kong, Calgary, Paris or San Francisco.

Calgary got a rating of B in the Economy category as the sole CMA in Canada. Toronto is lagging behind Calgary, ranked eleventh having received a rating of C. Calgary managed to make up for abysmal rankings in venture capital investment, market size, and IPOs with first- or second-place findings in income growth, favourable unemployment rate, acceleration in residential building permit issuance, and the growth of GDP. The average GDP growth in Calgary is approximately a little more than 5 per cent, the 2nd fastest-growing GDP of the 24 all the surveyed metro areas. However, no city comes anywhere close to the phenomenal growth of Hong Kong, with its 11.1%.