Edmonton's Economy Gets an A- ! #yeg #yegre
Edmonton's Economy Gets an A- Edmonton received a sparkling grade for economic growth, but it came with a warning that there could be consequences for the future if we don’t do more to diversify our business community. At its annual luncheon Tuesday at the Shaw Conference Centre, Edmonton Economic Development Corporation President and CEO Ron Gilbertson praised Edmonton for its overall economic health, giving the city an overall A- grade. The major reasons for the good grade? Over the last 25 years, Edmonton’s real personal income per capita has soared by 42 per cent, the highest gain in the country. Compare that to Vancouver’s 16 per cent gain and Toronto’s three per cent, ahem, “jump.” And our disposable income often goes towards retail items. Per capita, Edmontonians spend more on retail items than Torontonians, Vancouverites or Montrealers. And, of Canada’s six major cities, Edmonton’s average house prices are the lowest. Unemployment is less than six per cent, wh...
