Market Overview: Edmonton

Market Overview

Edmonton

Whether you know us as the River City, Capital City, The City of Champions, or Canada’s Festival City, one thing’s for sure – if you are looking for an unforgettable and original experience you’ve come to the right place!

We’re a big city with small town values, a vibrant urban centre in the heart of wilderness, the largest northernmost metropolis. There’s a uniqueness to how we do ordinary things. We are a city that is authentic, rugged, and original: it’s an attitude that you’ll only appreciate once you’ve visited Edmonton.

Edmonton’s economic fundamentals such as working-age population growth, employment growth and inflation have been remarkably healthy for several years. This has led to a strong housing market, the second-highest median household income in Canada and high levels of consumer spending.

The Edmonton region has been rated as one of the most diverse economies in Canada by the Conference Board of Canada, and we have some unique drivers that form the backbone of our economic growth: Alberta’s oil sands, the government sector and entrepreneurship.

Despite our high rate of growth, Edmonton’s economy has also enjoyed several years of low inflation and the most affordable major housing market in Canada.

Edmonton is the second-fastest growing metropolitan area in Canada, is home to over 47,000 businesses, and has one of the strongest labour markets in Canada.


Courtesy of EEDC