Quote:
Originally Posted by SHOFEAR
The really odd thing is Edmonton tends to be a few years behind Calgary when it comes to booming and behind Calgary when it comes to busting. The preliminary oil patch works starts up in Calgary and then it takes a year for that to translate to manufacturing in Edmonton, likewise when things cool down it takes a year or so for stuff to finish being built. This is clearly a departure form that trend, making it very interesting
“The metropolitan area of Edmonton has generated more jobs than any other metropolitan area in the country — 44,900 jobs in the past 12 months,” Rose told an economics conference Thursday.
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Edmonton definitely had a good year for job growth, but most of this is just tied to upgraders etc northeast of the city and some new industrial parks. There hasn't even been a single condo/commercial tower break ground downtown for a couple of years.
The spread has gone down too from Nov 2010-2011 Edm gained 40,500 vs. Calgary 35,600 after Calgary had a really good month in November.
Calgary's becoming more recognized and earning a lot more positive attention than Edm. The city is forecasted to have the highest growth rates from 2012-2015. Downtown Calgary is gearing up for another boom right away too, so most definately Calgary will continue to grow faster population wise.
http://www.calgary.ca/CA/fs/Document...ew-2011-11.pdf