Quote:
Originally Posted by marsplasticeraser
I used to think that as well, until I talked to people who had moved to Calgary (and to a lesser extent people who had relocated to Denver and US Western Rocky Mountain states).
It's clear that there are large groups of people that want to live near mountains. Not everybody mind you, but a place like Calgary is very attractive to a lot of people in Eastern Canada and the US. It's also attractive for small-town SK, AB, BC people who want a bigger city.
I look at the evolution of Denver or SLC as comparable places to conceptualize the future of Calgary.
And while the current economic climate in Calgary isn't good, eventually Calgary will have shifted away from a pure O&G industry town (which is good in good times and terrible in bad times) into a more diversified and stable economy.
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I don't think Calgary will ever be more than what it was at the height of O&G. Whether it gets back to that point is up for discussion but being a transient city I don't ever seeing it building back to that point without O&G.
I suspect 30 years from Calgary will be about what it is now.