Growth in Calgary’s economy has fallen behind its provincial rival
Posted Nov 30, 2012 1:37 pm.
This article is more than 5 years old.
Analysis from the Conference Board of Canada shows Edmonton’s economy is ahead of Calgary’s in several areas, such as having more housing starts in four of the past five months.
The report shows Calgary also trails the capital city in speed of economic and house price growth, this year.
Edmonton’s housing remains affordable, with the average existing home priced at $325-thousand last year, nearly $40-thousand below Canada’s mean.
A senior economist with the Board’s centre for municipal studies, Robin Wiebe, says Edmonton’s housing markets should remain strong due to healthy population growth.
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