{"id":1041,"date":"2019-03-27T03:14:08","date_gmt":"2019-03-27T07:14:08","guid":{"rendered":"http:\/\/182.73.92.234:93\/?p=1041"},"modified":"2023-05-17T16:16:14","modified_gmt":"2023-05-17T20:16:14","slug":"edmonton-market","status":"publish","type":"post","link":"https:\/\/staging.canadianlending.ca\/investors\/edmonton-market\/","title":{"rendered":"Edmonton Market"},"content":{"rendered":"

Edmonton Overview<\/h2>\n

Edmonton is known as the \u201cGateway to the North.\u201d It is the capital of Alberta incorporated as a city in 1904. It is the oil capital of Canada as the city is the staging point for large-scale oil sands projects occurring in northern Alberta and large-scale diamond mining operations in the Northwest Territories. Edmonton is located on the North Saskatchewan River with proximity to the geographical centre of the province. It has a strategic area situated on an economic divide just right between the highly-productive farmlands of Alberta and in northern hinterland.<\/p>\n

Demographics<\/h2>\n

Population<\/h3>\n

Edmonton is Alberta\u2019s second largest city and the fifth largest municipality in Canada. As of 2016 Census of Population, Edmonton had a total population of 932,545. This showed an increase of 14.8% from the population in 2011 of 812,201. Edmonton is also ranked as the sixth largest census metropolitan area (CMA) in Canada. 70.3% belongs to 15 to 64 years old. The average age is 37.7 years old while the median age of the population is 35.7 years old.<\/p>\n

Income<\/h3>\n

The uncertainty around the logistical issues faced by the oil industry in Alberta remains to stave off future investment in energy infrastructure spending. This could dampen future investment and result to put pressure on employment prospects for Edmonton. Much of Edmonton\u2019s employment prospects, as well as income levels, are closely tied to the energy sector. While the GDP figures showed healthy signs of recovery for Edmonton in 2018, they are projected to hold relatively steady at 2.1% in both 2019 and 2020.<\/p>\n

While the debt to income ratio in Canada remains mostly unchanged over the last two years, Edmonton and Calgary have seen some of the most significant changes year over year, -8.3 and -7.9 respectively. The declines in Edmonton and Calgary\u2019s ratios were largely as a result of income growth.<\/p>\n

Economic Standing<\/h2>\n

Employment<\/h3>\n

For the first quarter of 2019, employment in Edmonton is expected to see growth with professional services, manufacturing and financial service sectors leading the way. All signs look positive from an employment standpoint including the following notable measures for the fourth quarter of 2018:<\/p>\n