Edmonton to outpace national growth, says economist
City's chief economist paints vibrant picture for 2013
CBC News
Posted: Dec 19, 2012 12:03 PM MT
Last Updated: Dec 19, 2012 11:54 AM MT
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Edmonton is expected to continue to outpace the rest of the country in economic growth, says the city's chief economist.
In his annual outlook, John Rose said he anticipates vibrant growth for the Edmonton region in 2013.
“Construction, trade and personal services are expected to create about 6,000 new jobs over the next 12 months,” he said. “Even as conditions in the international environment slow, the city and region’s annual growth for 2013, when adjusted for inflation, should be in the range of 3.5% to 4.5% compared to the expected annual growth of 2.4% for Canada.”
Housing prices and sales are expected to grow by at least two per cent in 2013.
Throughout 2012, Edmonton saw outstanding growth and a strong economy due to population growth, employment growth and a robust construction sector outlook, Rose said.
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