While Calgary continues to own the title of being the energy city of Canada, high tech businesses in the area cannot be ignored. Together, these forces are creating secured economic conditions that are driving the real estate sector into higher than average gains.
As an example of Calgary's high-tech industry market growth, Mark Cuban, a TV reality star and billionaire business magnate in the US, has recently invested in one of Calgary's technology companies. The company, eThor, has recently come up with a new software that gives retailers the ability to send information to their customer's Smartphones. Consumers are then able to order retail or food items using an app on their Smartphone.
Cuban says that there's going to be a major shift in the upcoming few years in the way consumers pay and look for products they want. He also adds that he's excited to be a part of this opportunity to help eThor push forward.
At the moment, eThor has more partnerships and customers in their pipeline than they can service. This investment from Cuban will help them expand into the $1.3 trillion offline - online commerce industry. This expansion will include hiring more developers and employees. The potential and the resources are now in place to turn eThor into a larger company that can push forward with new developments and partnerships.
According to Gary Ziegler, the CEO of eThor, this investment can be considered a major boost for his firm, but the investment means a lot more for the technology sector in Calgary as well. While gas and oil have always been a focus here in Calgary this investment also gives a boost to Calgary's growing technology sector.
Calgary's economic boosts are coming in from all angles as the city continues to grow and prosper at an amazing rate and real estate sales are keeping up with these trends. While many experts have been calling for economic stabilization within the city, Calgary itself has been moving things forward to get past the stable point and up to a new level of unprecedented growth.
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