A recent report has revealed that Calgary’s quality of life has been negatively impacted by the rising cost of living. The report, released by the Conference Board of Canada, suggests that the city’s affordability has declined in recent years, causing concern among residents.
According to the report, Calgary’s cost of living has increased by 2.4% in the past year, surpassing the national average of 2.2%. This rise in costs has been attributed to factors such as higher housing prices, increased transportation costs, and rising food prices.
The report also highlights the impact of these rising costs on the city’s overall quality of life. Calgary’s ranking in the Conference Board’s City Magnets report, which measures the attractiveness of Canadian cities, has dropped from 4th place in 2018 to 6th place in 2021. This decline is largely due to the city’s affordability, which has fallen from 3rd place in 2018 to 9th place in 2021.
The rising cost of living has also had a significant impact on the city’s residents. Many Calgarians are struggling to make ends meet, with some having to make difficult choices between paying for basic necessities and saving for the future. This has led to a decrease in overall satisfaction with life in the city.
The report’s findings have sparked concern among city officials and community leaders. They have called for action to address the issue and improve the city’s affordability. Suggestions include implementing policies to increase affordable housing options, improving public transportation, and supporting local businesses to keep prices competitive.
In response to the report, Mayor Naheed Nenshi has acknowledged the challenges faced by Calgarians and has promised to work towards finding solutions. He has also emphasized the need for collaboration between all levels of government, businesses, and community organizations to address the issue.
Despite the challenges, Calgary remains a vibrant and desirable city to live in. Its strong economy, diverse culture, and beautiful surroundings continue to attract people from all over the world. However, it is crucial to address the issue of affordability to ensure that the city remains a great place to live for all its residents.
In conclusion, the report’s findings highlight the need for action to address the rising cost of living in Calgary. It is essential for all stakeholders to work together to find solutions and improve the city’s affordability, ensuring a high quality of life for all its residents.
