As a natural wetland, Chestermere Lake was considered to be perfect for use as a balancing pool for the Western Irrigation Block.

[7] By 1907, a dam and canal system had been built, the wetland developed into a lake, and farmers began using the water for irrigation.

[9] The CCOA held events, bought a fire truck for the community, worked to reduce pollution in the lake, planted trees, and arranged for electricity and natural gas for the cabins.

As more people began to live around Chestermere Lake, residents wanted to secure long-term leases.

[10][11] As a summer village, the residents of Chestermere gained more political influence and were able to begin adding services and amenities or encouraging infrastructure and developments such as fire and protection services, improved roads, a community hall, street lights, a recreation centre, local businesses and a golf course.

[13] In late 2014, town council voted in favour of pursuing city status, which became effective January 1, 2015.

Calgary Transit provides bus service into Chestermere during the morning and evening rush hours.

[37] On March 13, 2009, Chestermere's annexation was approved resulting in a shared municipal boundary with Calgary.