Statistically, Edmonton equals success for business. Our regional economy has all the right elements for creating long-term profitability for your business and others like it – and we have the data to back up our claim.
The Conference Board of Canada estimates that Edmonton’s 2012 economic output grew faster than that of any other major Canadian city by a significant margin, and has forecasted that Edmonton will remain one of Canada’s fastest growing economies for years to come.
With an ever-increasing GDP that outshines other regions, a highly diverse labour force, one that is growing in size and skill set, thousands of new businesses find a home in Edmonton every year.
Source: Conference Board of Canada
What Makes Edmonton’s Economy Tick?
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. Learn more about Edmonton’s demographics.
Edmonton is home to over 47,000 businesses. Learn more about Edmonton’s top firms by industry.
Edmonton has one of the strongest labour markets in Canada. Learn more about Edmonton’s labour force.
Do you have a question about Edmonton? Enterprise Edmonton can provide customized research and reports that help businesses make informed decisions.