Why Calgary’s Growing Asian Business Community Matters to Every Investor and Retirees

It’s Asian Heritage Month, and while it’s a time to celebrate culture, it’s also a moment to recognize something bigger, how Calgary’s Asian business leaders are shaping the city’s future, and what that means for your money and your retirement.

Nearly 1 in 4 Calgarian, about 27% of the population, identify as being of Asian descent, according to the 2021 Canadian Census. That’s up almost double from the 2001 census that should 14.5% identified as Asian.  But this isn’t just about numbers. It’s about a growing community that’s building businesses, creating jobs, and investing in Calgary’s economy.

That’s good news for everyone whether you’re running your own portfolio or enjoying your retirement years here.

What This Means for Your Investments

A strong business community means more opportunities for your money to grow:

• New business growth: Asian entrepreneurs in real estate, tech, logistics, and more are launching companies with potential for solid returns.

• Economic stability: Diverse local businesses help cushion the economy from shocks  good for keeping your investments steady.

• Real estate value: Growing business hubs drive demand for commercial and residential properties, potentially boosting your property’s worth.
  

How It Impacts Your Retirement Life

It’s not just about dollars,  it’s about quality of life:

• More variety in services, shops, and cultural events that make retirement enjoyable and enriching.

• A stable economy means your nest egg and property values are more likely to hold steady.

• Active philanthropy from Asian-Calgary leaders supports community programs that enhance social well-being, something retirees often value deeply.
  

The Takeaway

Asian Heritage Month is a celebration, but it’s also a spotlight on a powerful economic force in Calgary.  For investors and retirees, this means real opportunities to grow wealth and enjoy a vibrant, resilient city.

If you want your retirement and investments aligned with Calgary’s future, now is a great time to connect with an advisor who knows the local landscape.

If you’d like to learn more about Asian Heritage Month visit the Government of Canada’s website:https://www.canada.ca/en/canadian-heritage/campaigns/asian-heritage-month.html 

David Popowich and Faisal Karmali are Investment Advisors with CIBC Wood Gundy in Calgary. The views of David Popowich, Faisal Karmali, and guest author do not necessarily reflect those of CIBC World Markets Inc.

This information, including any opinion, is based on various sources believed to be reliable, but its accuracy cannot be guaranteed and is subject to change.

CIBC Private Wealth consists of services provided by CIBC and certain of its subsidiaries, including CIBC Wood Gundy, a division of CIBC World Markets Inc.