By Calgary Economic Development (Photo credit: Shea Friesen)

In Calgary, companies and talent discover limitless opportunities for growth in a prospering investment environment with a robust support network. 

In the first half of 2024, the Blue Sky City placed third among major Canadian cities in both venture capital (VC) dollars invested and number of deals, behind Toronto and Montreal. 

Calgary saw $346 million invested through 33 deals through the first half of the year, according to the Canadian Venture Capital Association’s H1 2024 report, up $118 million and three deals over the same period last year. It's the first time Calgary has topped Vancouver ($178 million and 32 deals) in the rankings.

Access to capital strengthens Calgary’s innovation scene 

Driven by a deep talent pool, world-class livability and a friendly business environment, local startups have resources to scale from Calgary. 

Recent wins, including the recent data from CVCA, point to how the city continues to make a name for itself as the heart of the investment pipeline in Alberta — and increasingly across Western Canada as a whole.  

“Calgary's growing prominence as a key player in the Canadian venture capital landscape reflects our city’s dynamic entrepreneurial environment and diversifying economy. Landmark deals showcase our city’s strength and our ability to attract significant investments," said Brad Parry, President and CEO, Calgary Economic Development (CED) and CEO, Opportunity Calgary Investment Fund. 

“With top talent and investment converging in our innovation economy, we continue to see more local businesses scale up their operations, positioning Calgary as a leading destination for companies, capital and talent.” 

Calgary is the investment powerhouse behind Alberta’s success, accounting for more than 80 per cent of the venture capital deals made and more than 90 per cent of the total amount of cash invested over the first half of the year.  

The province’s largest deal so far in 2024 was by Calgary-based ClearSky Global, which raised $230 million from undisclosed investors. The investment was facilitated by Tailwind Ventures — also based in Calgary — which served as a financial adviser.  

The cleantech firm is one of many Calgary-based energy companies investing in emissions-reduction solutions, which aligns the $61 billion opportunity identified in the Alberta Energy Transition Study on the path to net zero in the province.  

Additionally, Calgary’s Helcim completed a successful $27-million Series B funding round earlier this year. 

Community organizations, accelerators and venture firms support startups in Calgary 

Calgary's impressive growth as a top Canadian venture capital hub highlights its role as a key player in the global innovation landscape.  

In addition to a flourishing private capital environment, the Opportunity Calgary Investment Fund (OCIF), is a key funding tool that supports entrepreneurs and startups in Calgary. OCIF finds, fuels and fosters opportunities with the highest potential benefit to Calgary’s economic future, including world-class local incubators and accelerators like Thrive by SVG Ventures, Plug and Play Alberta and CDL-Rockies.  

Since 2018, OCIF has allocated nearly $84 million to 30 projects, which has created or retained over 3,000 jobs, created or scaled over 800 companies and generated almost $900 million in economic activity — a 10 times return on funds committed. 

Calgary’s supportive business network — with organizations like Platform Calgary serving as a community gathering space and resource hub — and ripe investment opportunities are among the reasons it was named among the world’s top 50 emerging startup ecosystems by Startup Genome earlier this year.  

Growing talent pool drives innovative solutions 

The city’s tech sector has more than tripled in recent years, contributing $8.1 billion in value to the Calgary economy between 2021 and 2023.  

The city has the most STEM graduates and the highest concentration of high-tech workers of any major Canadian city. In 2023, Calgary's tech workforce exceeded 60,000 professionals after growing 26 per cent from the year prior, making us a premier destination for companies seeking top-tier talent.  

As the fifth most livable city in the world, Calgary saw a population growth of almost 100,000 in 2023, bringing even more talent to an already deep and skilled workforce.  

With a thriving tech sector, a growing population, and an environment ripe for investment, Calgary is more than just a city on the rise — it's becoming a central hub for the future of entrepreneurship and technological advancement. 

Learn more about how the Opportunity Calgary Investment Fund is an effective tool ensuring Calgary's economy is diversified and resilient. 

Auburn Bay Real Estate Market Report

Overview: Auburn Bay, a vibrant community in southeast Calgary, continues to show strong real estate activity as we reach the midpoint of 2024. Known for its beautiful lake, parks, and family-friendly amenities, the area remains a desirable choice for both first-time buyers and families.

Market Performance:

• Sales Activity: July 2024 saw a moderate increase in home sales compared to the same month last year. A total of 46 homes were sold, reflecting a 10% increase year-over-year. This rise can be attributed to a combination of strong demand and limited inventory.

• Price Range:

  • 21 SOLD Detached houses $587,500-$1,370,000;

  • 1 SOLD Duplex house $540,000;

  • 8 SOLD Townhouses $375,000(Bungalow style)-$510,000;

  • 16 SOLD Apartments $290,000-$412,000;

• Days on Market: Homes in Auburn Bay averaged 28 days on the market before selling, a decrease from 32 days in July 2023. This suggests a competitive market, with buyers acting swiftly on available listings.

Inventory:

• Current Listings: As of July 2024, there were 70 active listings in Auburn Bay, a slight decrease from 80 in the same period last year. The lower inventory has contributed to the upward pressure on prices, as buyers face fewer options.

• Type of Homes: The majority of sales were single-family homes, accounting for about 70% of transactions, with townhomes and condos making up the remainder. The demand for single-family homes continues to outpace supply, driving competition.

Market Trends:

• Buyer Demographics: The buyer pool remains diverse, with a mix of young professionals, families, and retirees drawn to the community's amenities and lifestyle.

• New Developments: Continued investment in infrastructure and new residential projects is anticipated, which may impact future inventory levels and pricing dynamics.

Conclusion: The real estate market in Auburn Bay is currently favorable for sellers, with strong demand and rising prices. Buyers should act promptly to secure homes in this sought-after community. As we move into the latter half of 2024, monitoring inventory levels and market trends will be essential for both buyers and sellers.

Recommendations:

• For Buyers: Stay proactive and consider pre-approval for mortgages to strengthen your position in a competitive market.

• For Sellers: Proper staging and pricing strategies can capitalize on the current demand, maximizing return on investment.

Contact us for a Free Home Evaluation.

For the latest community market report, SIGNUP HERE.

Seton Community Market Report

Overview: Seton, located in southeast Calgary, is an innovative, master-planned community known for its vibrant lifestyle and modern amenities. July 2024 has seen continued growth and development, making Seton an attractive place for families and individuals alike.

Real Estate Market Trends:

• Price Range: As of July 2024, 11 properties were sold. The number of homes sold in July 2024 has risen by 15% year-over-year. The market remains competitive, with many properties receiving multiple offers shortly after listing.

  • 1 SOLD Detached houses $870,000;

  • 5 SOLD Townhouses $285,000-$490,000;

  • 5 SOLD Apartments $354,500 - $438,000;

• Types of Properties: Single-family homes dominate the market, but there’s a growing interest in townhouses and condos, particularly among first-time buyers and investors. New developments are focusing on sustainable living and modern conveniences.

Community Highlights:

• Amenities: Seton continues to enhance its amenities, with the addition of new parks, walking trails, and recreational facilities. The Seton Recreational Facility, featuring a state-of-the-art gym and aquatic center, remains a focal point for residents.

• Shopping and Dining: The community’s commercial area, including the South Health Campus, has expanded with new retail and dining options. Local favorites include family-run restaurants and cafes, as well as larger retail chains, providing a blend of shopping experiences.

• Transportation: The integration of public transport options is improving connectivity to downtown Calgary and surrounding areas. The recent addition of bus routes and planned future LRT expansions are expected to further enhance accessibility.

Community Engagement:

• Events: July 2024 saw several community events, including outdoor movie nights and farmers' markets, fostering a sense of community among residents. These events have increased participation and engagement, highlighting the community spirit in Seton.

• Sustainability Initiatives: Seton is actively pursuing sustainability through community gardens and eco-friendly landscaping. Residents have shown strong support for these initiatives, aligning with the broader goals of Calgary’s climate action plan.

Looking Ahead:

The outlook for Seton remains positive as development continues and the community grows. With ongoing investments in infrastructure and amenities, Seton is well-positioned to attract new residents and maintain its status as a desirable place to live.

Conclusion:

Seton SE Calgary is thriving in July 2024, with a robust real estate market, a rich array of amenities, and an engaged community. The continued growth and development signify a bright future for both current and prospective residents. For anyone considering a move to this dynamic community, now is an opportune time to explore the possibilities. 

Contact us for a Free Home Evaluation.

For the latest community market report, SIGNUP HERE.

As of July 2024, the Mahogany community in Southeast Calgary continues to thrive, exhibiting strong sales activity, rising home prices, and a desirable selection of properties. This report provides an analysis of current market trends, pricing, inventory levels, and the community features that make Mahogany a sought-after location for homebuyers.

Market Trends

1. Sales Activity:

   • July 2024 experienced a 15% increase in sales compared to July 2023, reflecting heightened interest from buyers in the area.

   • A total of 30 properties were sold this month, including a mix of single-family homes, townhouses, and condos.

2. Pricing:

   • 18 SOLD Detached houses $637,500 - $1,500,000 luxury house.

   • 1 SOLD Townhouse $572,158;

   • 9 SOLD Apartments $300,500-$800,000;

3. Days on Market:

   • Homes in Mahogany are selling quickly, with an average of 24 days on the market, down from 30 days in July 2023. This decline indicates a competitive market environment, especially for well-maintained properties.

Inventory Levels

• Current Listings: There are approximately 60 active listings in Mahogany, providing a diverse range of options for prospective buyers.

• The inventory turnover rate remains favorable, with properties typically selling within a month of being listed, demonstrating strong demand.

Community Insights

• Demographics: Mahogany attracts a diverse demographic, including families, young professionals, and retirees, drawn by its lakefront lifestyle and community amenities.

• Amenities: The community features a stunning lake, parks, playgrounds, walking paths, and a community center. Access to local schools and shopping options further enhances its appeal, making it particularly attractive to families.

Economic Factors

• Calgary's economy continues to show stability, with low unemployment rates and growing consumer confidence supporting the housing market.

• Interest rates remain steady, encouraging buyer activity and providing favorable conditions for those considering home purchases.

Conclusion

The real estate market in Mahogany is thriving as of July 2024, characterized by increased sales, rising prices, and a competitive atmosphere. The combination of attractive community features and economic stability positions Mahogany as a desirable choice for homebuyers.

Recommendations for Buyers and Sellers:

• Buyers: With a competitive market, consider acting quickly on appealing listings and obtaining pre-approval for financing to strengthen your purchasing position.

• Sellers: Price your home strategically based on current market trends and consider enhancements that can boost your property's appeal.

This report captures the current state of the Mahogany real estate market, offering valuable insights for prospective buyers and sellers alike.

Contact us for a Free Home Evaluation.

For the latest community market report, SIGNUP HERE.

As of July 2024, McKenzie Towne in Southeast Calgary is experiencing a dynamic real estate market marked by increased sales activity, rising home prices, and a variety of housing options. This report provides insights into current market trends, pricing, inventory levels, and community attributes that influence the real estate landscape in McKenzie Towne.

Market Trends

1. Sales Activity:

   • July 2024 saw a 10% increase in sales compared to July 2023, indicating sustained buyer interest in the area.

   • A total of 44 properties were sold this month, including a mix of single-family homes, townhouses, and condos. 

2. Pricing:

   • 14 SOLD Detached houses $557,000-$989,900;

   • 7 SOLD Duplex houses $494,000-$535,000;

   • 12 SOLD Townhouses $349,900-$479,000;

   • 11 SOLD Apartments $262,000-$329,000;

3. Days on Market:

   • Homes in McKenzie Towne are selling more quickly, with an average of 29 days on the market, down from 35 days in July 2023. This trend highlights a competitive market environment, particularly for well-priced and appealing listings.

Inventory Levels

• Current Listings: There are approximately 75 active listings in McKenzie Towne, offering a range of options for buyers.

• The inventory turnover rate remains favorable, with properties typically selling within a month of listing, indicating strong demand.

Community Insights

• Demographics: McKenzie Towne attracts a diverse demographic, including families, young professionals, and retirees, drawn by its community-focused environment and family-friendly amenities.

• Amenities: The community features numerous parks, playgrounds, walking paths, and a local community center. Access to schools and nearby shopping areas further enhances its appeal, making it an attractive location for families.

Economic Factors

• The Calgary economy is showing signs of stability, with low unemployment rates contributing to increased consumer confidence in the housing market.

• Stable interest rates are encouraging buyer activity, making it an opportune time for prospective homeowners to explore financing options.

Conclusion

The real estate market in McKenzie Towne is thriving as of July 2024, characterized by increased sales, rising prices, and a competitive atmosphere. The combination of desirable community features and economic stability makes McKenzie Towne a sought-after destination for homebuyers.

Recommendations for Buyers and Sellers:

• Buyers: Given the competitive nature of the market, it’s advisable to act quickly on desirable listings and consider obtaining pre-approval for financing to enhance your offer.

• Sellers: Price your home competitively based on current market trends and consider staging or making minor improvements to attract buyers.

This report offers a comprehensive overview of the current state of the McKenzie Towne real estate market, providing valuable insights for prospective buyers and sellers.

Contact us for a Free Home Evaluation.

For the latest community market report, SIGNUP HERE.

As of July 2024, the New Brighton community in Southeast Calgary is experiencing a vibrant real estate market, characterized by strong sales activity, rising home prices, and a range of attractive housing options. This report provides an in-depth look at market trends, pricing, inventory levels, and community features that are shaping the New Brighton real estate landscape.

Market Trends

1. Sales Activity:

   • July 2024 saw a 13% increase in sales compared to July 2023, reflecting ongoing strong demand in the area.

   • A total of 27 properties were sold this month, single-family homes & townhouses.

2. Pricing:

   • 21 SOLD Detached houses $545,000-$769,800;

   • 6 SOLD Townhouses $415,000-$446,500;

3. Days on Market:

   • Homes in New Brighton are selling faster, with an average of 26 days on the market, down from 32 days in July 2023. This reduction indicates a competitive market, especially for well-priced listings.

Inventory Levels

• Current Listings: There are approximately 70 active listings in New Brighton, providing a variety of options for potential buyers.

• The inventory turnover rate remains strong, with properties typically selling within a month of listing, reflecting healthy demand.

Community Insights

• Demographics: New Brighton attracts a diverse mix of residents, including families, young professionals, and retirees, drawn by its community-oriented atmosphere and excellent amenities.

• Amenities: The community features numerous parks, walking paths, and a vibrant community center. Proximity to schools, shopping facilities, and recreational opportunities enhances its appeal, particularly for families.

Economic Factors

• Calgary’s economy is showing stability, with low unemployment rates bolstering consumer confidence and supporting the housing market.

• Interest rates remain stable, encouraging buyer activity and providing a favorable environment for prospective homeowners.

Conclusion

The real estate market in New Brighton is thriving as of July 2024, characterized by increased sales, rising prices, and a competitive atmosphere. The combination of strong community amenities and economic stability positions New Brighton as an attractive choice for homebuyers.

Recommendations for Buyers and Sellers:

• Buyers: Given the competitive market, consider acting quickly on appealing listings and securing pre-approval for financing to strengthen your offer.

• Sellers: Price your home competitively based on current market trends and consider minor enhancements to attract potential buyers.

This report captures the current state of the New Brighton real estate market, providing valuable insights for prospective buyers and sellers alike.

Contact us for a Free Home Evaluation.

For the latest community market report, SIGNUP HERE.

As of July 2024, the Copperfield community in Southeast Calgary continues to exhibit a strong real estate market, driven by consistent buyer interest and a variety of housing options. This report details current market dynamics, pricing trends, inventory levels, and community features that influence the real estate landscape in Copperfield.

Market Trends

1. Sales Activity:

   • July 2024 experienced a 9% increase in sales compared to July 2023, indicating robust demand in the area.

   • A total of 32 properties were sold this month, encompassing a mix of single-family homes, townhouses and apartments

2. Pricing:

   • 16 SOLD Detached houses $512,500 - $896,400;.

   • 4 SOLD Townhouses $449,000 - $525,000;

   • 12 SOLD Apartments 4224,000-$355,000.

3. Days on Market:

   • Homes in Copperfield are selling faster, with an average of 30 days on the market, down from 36 days in July 2023. This decline suggests a competitive environment, particularly for well-maintained and well-priced properties.

Inventory Levels

• Current Listings: There are approximately 65 active listings in Copperfield, providing a diverse range of options for potential buyers.

• The inventory turnover rate remains healthy, with properties typically selling within a month of being listed, indicating strong buyer demand.

Community Insights

• Demographics: Copperfield appeals to a wide demographic, including families, young professionals, and retirees, drawn by its community-focused atmosphere and family-friendly amenities.

• Amenities: The community features parks, playgrounds, walking trails, and a community center, enhancing the overall living experience. Its proximity to schools and shopping facilities makes it an attractive location for families.

Economic Factors

• The Calgary economy is showing signs of stability, with low unemployment rates contributing to increased consumer confidence in the housing market.

• Interest rates remain relatively stable, which supports buyer activity and encourages those considering home purchases to explore financing options.

Conclusion

The real estate market in Copperfield is thriving as of July 2024, marked by increased sales, rising prices, and a competitive market atmosphere. The combination of desirable community features and economic stability positions Copperfield as an attractive destination for homebuyers.

Recommendations for Buyers and Sellers:

• Buyers: With a competitive market, it's advisable to act quickly on appealing listings. Securing pre-approval for financing can strengthen your offer.

• Sellers: Consider pricing your home competitively based on current market trends and enhancing its appeal to attract potential buyers.

This report provides valuable insights into the current state of the Copperfield real estate market, aiding prospective buyers and sellers in making informed decisions.

Contact us for a Free Home Evaluation.

For the latest community market report, SIGNUP HERE.

Overview

In July 2024, the McKenzie Lake community in Southeast Calgary continues to demonstrate a robust real estate market, characterized by strong demand, increasing prices, and a variety of housing options. This report provides a detailed analysis of market dynamics, pricing trends, inventory levels, and community highlights.

Market Trends

1. Sales Activity:

   • There was a 15% increase in sales compared to July 2023, reflecting heightened buyer interest in the area.

   • A total of 25 properties were sold during the month, indicating a vibrant market with a mix of single-family homes, townhouses.

2. Pricing:

   • 23 SOLD Detached houses $465,000-$1,325,000;

   • 2 SOLD Townhouses $400,000-$426,000.

3. Days on Market:

   • Homes are selling more quickly, with an average of 28 days on the market, down from 40 days in July 2023. This reflects a competitive environment, particularly for well-maintained and appropriately priced properties.

Inventory Levels

• Current Listings: There are approximately 70 active listings in McKenzie Lake, showing a stable inventory level that caters to diverse buyer preferences.

• The inventory turnover rate remains strong, with properties typically selling within a month of being listed, indicating a healthy demand-supply balance.

Community Insights

• Demographics: McKenzie Lake attracts a mix of families, retirees, and young professionals, drawn by its scenic surroundings, access to recreational facilities, and a family-friendly atmosphere.

• Amenities: The community boasts excellent amenities, including the beautiful McKenzie Lake, local parks, walking trails, schools, and shopping centers. Ongoing developments are enhancing the area's appeal, making it a sought-after location.

Economic Factors

• Calgary's economy is on a positive trajectory, with growth in employment and consumer confidence contributing to the housing market's vitality.

• Interest rates have stabilized, encouraging buyer activity and helping first-time homebuyers navigate the market.

Conclusion

The McKenzie Lake real estate market is thriving in July 2024, characterized by increased sales, rising prices, and a competitive atmosphere. With its desirable location and strong community amenities, McKenzie Lake remains an attractive option for potential buyers.

Recommendations for Buyers and Sellers:

• Buyers: Move quickly on desirable listings to capitalize on the competitive market. Consider pre-approval for financing to strengthen your position.

• Sellers: Price homes competitively based on current market trends and consider staging or minor improvements to enhance appeal.

This report highlights the key aspects of the McKenzie Lake real estate market and serves as a valuable tool for making informed real estate decisions.

Contact us for a Free Home Evaluation.

For the latest community market report, SIGNUP HERE.

Rangeview Community Market Report 

There were 6 properties SOLD in July. Townhouses were over $500,000, while duplex houses were close to $600,000. Detached houses were SOLD between $620,000 and $786,000.

Community Insights

• Demographics: Rangeview continues to attract families, young professionals, and first-time homebuyers due to its affordable pricing compared to other SE Calgary neighborhoods.

• Amenities: The community benefits from close proximity to parks, schools, and shopping centers, enhancing its appeal. New developments and infrastructure projects are underway, further improving local amenities.

Economic Factors

• The Calgary economy is showing signs of recovery, with job growth contributing to increased consumer confidence in the housing market.

• Interest rates have stabilized, providing a conducive environment for buyers, despite previous fluctuations.

Conclusion

The real estate market in Rangeview SE, Calgary, is experiencing a positive trajectory in July 2024, characterized by increased sales, rising prices, and a competitive atmosphere. As the community continues to develop and attract new residents, it is expected that the market will maintain its momentum in the coming months.

Recommendations for Buyers and Sellers:

• Buyers: Act promptly on desirable listings to avoid competition, and consider exploring various financing options given the current interest rate environment.

• Sellers: Position homes competitively based on recent market trends and work with a knowledgeable real estate agent to leverage current demand effectively.

This report serves as a snapshot of the Rangeview real estate market and should be used as a guide for making informed decisions in the housing sector.