Greater Edmonton continues to experience robust economic growth driven by high energy prices and resource development in Northern Alberta. Personal disposable income is on the rise, now matching Toronto’s and low interest rates have certainly been a key part of the economic success story Edmonton has experienced in the past eight years.
A record $76.4 billion worth of capital projects are planned over the next decade in the Edmonton service area. With this kind of investment Edmonton’s near-to mid-term economic future in highly positive.
While Edmonton’s economic outlook remains upbeat, a key challenge is the tight labour market. With this tight labour market, the region is experiencing skilled and general worker shortages.
Highlights of the Edmonton region include:
* More than 1 million people and growing
* An educated, entrepreneurial workforce of
more than 580,000 people
* One of the world's most cost-competitive
business enviroments
* Annual GDP of more than $41+ billion
* $80+ billion planned regional investment over
the next decade
* Canada's most diverse metropolitan economy
10 universities and colleges (140,000+
students)
* A diverse, affordable quality of life, top-
rated health care, fantastic recreational
opportunities and major cultural amenities