Quote:
Originally Posted by roccerfeller
The prairies as a whole will have their challenges. Alberta is going to have challenges the province has not yet experienced with the accelerated challenges the oil industry as a whole is facing.
Lots of unpredictability. Winnipeg has its challenges but not like other places don’t either. Just the reality everywhere as the effects of the pandemic and changing global trends botch catch up and take effect
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On the point about the prairies having challenges, I read a book three or four summers ago called Perfect City, by Richard Florida, who has certainly fallen out of fashion somewhat, especially during the pandemic where he became anti-lockdown to the point I had to unfollow him lol. So the ideas are somewhat dated and questionable, but in one chapter he discussed the "spikiness" of cities and regions. I'll try not to butcher it, but I think he predicted that the space between the "have" and have not" cities is going to grow over the coming years.
In a Canadian context, this would look something like the Vancouver area and GTA, but maybe the Quebec-Windsor corridor generally, continuing to grow in prosperity and prominence, while disconnected cities like Calgary, Edmonton, Saskatoon, Winnipeg, and the Maritimes will begin struggling. Essentially, it is a zero-sum game - one cities gain is another cities loss. I'm not sure if I ever really bought into that theory, but it interested me at the time and clearly stuck with me a bit. The pandemic may have significantly altered the landscape, I'm not sure.
I do worry slightly for the health of Canadian cities not attached to large metropolitan areas.
Edit: as I'm thinking about this, the trend of people leaving Toronto for surrounding, less expensive municipalities may rattle the theory somewhat.