CIBC World Markets reported yesterday:
"For the first time on record, the City of Edmonton tops our cityranking in terms of economic momentum."
Cool! We’ve still got momentum!
Canwest news service said: "Edmonton’s weather may be cold but its economy isn’t, says CIBC WorldMarkets, which reported Monday that the Alberta capital has the hottestlocal economy in Canada, surpassing Calgary.
Calgary, meanwhile, slipped into second spot with a score of 24.5,compared with 30.1 for Edmonton. Calgary’s slippage reflects what thereport said was a slowdown in the pace of job creation momentum in thecity — less than that of Edmonton, Saskatoon and Victoria — and acooler housing market.
Saskatoon reached third spot with a score of 23.7, propelled bystrong job and population growth, and the hottest housing market in thecountry."
The report credits strongpopulation growth, impressive employment gains, a low unemployment rateand below-average personal and corporate insolvency rates.
More discussion at: http://www.connect2edmonton.ca/forum/viewtopic.php?p=74816
On a separate note… Looks like the board released the real estate stats to the newspaper and prices are down…still nothing on the board’s site but as soon as I have the numbers I’ll get the stats for November up.
