With four million residents, Alberta has a population half that of Quebec and yet the economy is booming and experts predict it will become Canada’s second largest economy within three years; overtaking Quebec.
The key of course of oil and gas; not only do they directly boost the economy in the province, but they are creating more jobs which brings more people to the region, and that means more money being spent.
The energy business is pretty resilient; manufacturing trends can be volatile, but the demand for oil generally only goes one way and as geopolitical unrest puts pressure on supplies in some regions, the price of oil is never really of major concern to producers.
While a mass exodus from other provinces to Alberta is unlikely, it does seem that we are going to see a continued influx into the province with all the pressures on housing that that brings.
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