8 Ways the Edmonton Economy is Growing in 2023
We’ve been through a lot as a city and economy over the last few years. It hasn’t been easy, but we are emerging as a stronger economy. Edmontonians are optimistic about our future, and for good reason! There’s lots of great things happening right now, and there’s even more coming in the near future. There are so many exciting developments going on in Edmonton right now that it can be overwhelming. That’s why we made this list of ways that the Edmonton economy is growing in 23!
Before you read these 8 great ways for Edmonton’s economy to grow – Heavy Civil just published a great article on Careers in Heavy Civil Engineering.
Edmonton’s Lending and Real Estate Markets are Thriving
Edmonton’s real estate market is doing extremely well right now, with a lot of new construction projects happening as a result. There are a couple of reasons for this growth. First, Edmonton’s population continues to increase, leading to demand for new housing. Moreover, the unemployment rate is at a historical low of 3.8%, meaning that more people have the ability to buy houses. The interest rate is also at a record low of 2.75%, which has allowed more people to secure mortgage loans and buy homes. Finally, the oil and gas sector is doing well, leading to more people having the ability to purchase homes in Edmonton. This healthy Edmonton real estate market has a lot of people wondering about the next housing bubble. Experts say, however, that Edmonton’s market isn’t in danger of a bubble. That’s because Edmonton’s market isn’t over-leveraged like the US housing market in 2008 was.
Edmonton’s Food Culture is Booming
Edmonton’s food scene has been growing exponentially in recent years. Some of the biggest examples of this are in the pop-up restaurant scene and food truck scene. Edmonton’s pop-up restaurant scene has seen an influx of high-quality, gourmet restaurants. Some of the most popular pop-up restaurants are run by internationally-renowned chefs like John Blomme, who runs a French-inspired restaurant. Edmonton’s food truck scene has also seen significant growth. There was once only a handful of food trucks operating in Edmonton, but now there are dozens. These food trucks have been important in providing cheap and accessible food to the city. Edmonton’s food culture is also growing because of the increased prevalence of food festivals. Edmonton used to have a couple food festivals, but now it has dozens. Events like Edmonton’s Culinary Festival, Edmonton Pop-Up Restaurant Festival, and Edmonton’s Bacon Festival have brought Edmonton’s food culture to new heights.
Oil and Gas Continues to be a Leader for Edmonton’s Economy
The oil and gas industry has been one of Edmonton’s main drivers of economic growth for decades. This sector has undergone a lot of changes over the last few years, including a significant drop in prices. Despite this, this sector is still going strong. The oil and gas sector is actually expanding in the City of Edmonton, and other nearby cities. There has been a lot of new oil sands projects being built in the last couple years that will increase oil production significantly in the future. There is also a lot of investments being made in the renewable energy sector. The City of Edmonton has committed to getting 100% of its electricity from renewable sources by 2040. There are a few big renewable energy projects being built in Edmonton that will help make this goal happen.
The Edmonton Gaming Scene is Thriving
Edmonton’s gaming scene has seen a lot of growth in the last couple years. There are a number of reasons for this growth. First, Edmonton has a strong competitive gaming scene with a lot of competitive gamers making money off of their gaming skills. Major competitive gaming tournaments have been hosted in Edmonton in the last couple years, like the Fortnite World Cup. Moreover, Edmonton has a lot of gaming companies that employ competitive gamers. This includes companies like BioWare, which created popular video game franchises like Mass Effect and Dragon Age. Finally, Edmonton also has a strong gaming convention scene. Some of the biggest gaming conventions in North America are hosted in Edmonton. Edmonton has also hosted a few major gaming conventions like Edmonton Expo.
Edmonton and Leduc Manufacturing and Industrial Hub
Rumors about a restart of Edmonton Works has been batted about. It is a new manufacturing company that has built a $20 million facility in Leduc. This will be the first of many facilities that this company plans to build across Canada. The goal of Edmonton Works is to create jobs for Canadians in manufacturing and engineering. They will sell their products to different industries, including aerospace, oil and gas, and mining. The facility will produce components using advanced computer-controlled equipment. This means that the company’s products will be extremely precise and of high quality. The facility will create about 100 jobs for engineers and manufacturing workers. This facility is just the start of what will be a growing company.
Edmonton’s Construction Sector is Growing
The construction sector has seen a lot of growth in Edmonton in the last couple years. There have been many new construction projects in the City of Edmonton, and the construction industry has been struggling to keep up with demand. This is great news for the City of Edmonton and the economy, as construction is an important economic driver. The Canadian construction industry is expected to outperform many other industries in the country. There are many reasons for this growth. First, the Canadian economy is doing well, meaning that there are more projects that need to be built to accommodate this growth. Moreover, the construction industry also has a high level of employment. The construction industry employs about 1.2 million Canadians, making it the third largest source of employment in the country. Finally, the cost of construction materials is lower than it has been in decades. This has made construction projects cheaper for businesses and governments, leading to an increase in construction projects.
Edmonton’s tech sector is growing and hiring!
Edmonton’s technology sector is growing. This sector includes many different types of companies. These include software development companies, artificial intelligence (AI) companies, and other tech-based companies. This sector is growing because of a number of different factors. One reason is that there have been a number of important investments made in Edmonton’s technology sector. This includes the Alberta Enterprise Inc. investing $1 million in the AI company Stemme. Another reason is that Edmonton’s tech sector has a lot of potential. Many people are seeing AI and other technological advancements as the future, and Edmonton is well-positioned to be a leader in this field. Finally, Edmonton is a good place to work in the tech sector. There are many companies that employ tech workers in the city and offer them great work environments.
The Edmonton Arts Scene is Thriving
The Edmonton arts scene has grown and matured a lot in the last few years. This can be seen in the increased popularity of arts festivals in the city, such as the Fringe Festival and the Edmonton International Street Performers Festival. There are also a number of new arts organizations in Edmonton, such as the Alberta Ballet. This ballet company is working to expand its audience and is putting on more shows outside of the typical theatre setting. There are also a lot of new art galleries in the city, such as the University of Alberta Art Gallery, Open Gallery, and the SAW Gallery.
Conclusion
Edmonton has come a long way since the beginning of the decade. We have seen real estate and lending markets thrive, food culture grow, and many sectors of our economy grow. These are just a few examples of how Edmonton is becoming a stronger, more successful city and economy. We have come a long way, and we have a lot to be proud of. Now, it’s time to keep growing and thriving in the future!
Job Seekers: How to Succeed?
Basically, what is meant by job hunting? According to the famous online dictionary, job hunting, job seeking, or job searching is the act of looking for employment with the main goal of obtaining a job interview with a potential employer that leads to getting hired.
Finding a job in today’s economy is difficult for anyone. Whether you are new to finding a job, or a seasoned career professional, you will be up against some tough competition. How you present yourself makes all the difference on whether you are invited to interview for a position or whether your resume goes into a pile on the hiring manager’s desk.
Having a comprehensive resume highlighting your skills and abilities is essential to presenting yourself as a qualified candidate. Even if you lack work experience and education, you still may have a chance at that interview if your abilities are presented in a professional and detailed manner. If you are struggling with your resume, hiring a professional resume writer may be worthwhile. Especially if it lands you a dream job!
A good resume stands alone without a great cover letter to compliment it. When applying for a job, create a cover letter that is detailed, but concise. Highlight your passions and career goals. Discuss why you are the best candidate for the position. Tailor your cover letter to the company you are applying for. If you submit a great resume and a personalized cover letter, chances are that you will land the interview.
Preventing Injuries in Construction
Working with construction companies that have a certified safety program can help reduce injury. What do you do if you are injured on the job? After your injury is stable and the doctor clears you to do other activities, contacting an injury lawyer way be a good way to protect your rights. Calgary Injury Lawyer, Kubitz Law is a highly respected injury claim law firm that may be able to help you. Kubitz Law is located at:
Kubitz Law
1716 10 Ave SW, Calgary, AB T3C 0J8
kubitzlaw.com
Edmonton Job Seeker Tips
Are you a full-time job seeker? Do you think you have competitive skills? Yes, many today are having a hard time getting jobs since there have been lesser vacancies and most applicants do not qualify for a specific position.
Considering today’s economic turmoil, companies are forced to lay off manpower which contributes to an elevating unemployment rate. For sure you do not want to be among those millions that spend almost the rest of their lives hunting for jobs and yet are not fortunate enough to have one. To solve this deteriorating condition, many institutions offer help in order for a job seeker to stand out despite the very tight competition. For example, JobSeekers.org offers assistance to those who are seriously looking for jobs but are not competent, and need some help on paper works as well as interviews.
JobSeekers have professionals who can advise applicants on everything, from resume writing to effective interview techniques. In a way different sense, if you have a high level of self-confidence, you can launch a job easily. One thing that helps is having excellent credentials, which means you can show certificates of previous employment, college degree diploma, training and seminar certificates, and more. These will guarantee the prospective employer that you are a skilled and talented worker.
Being at your best during the interview also gains big points – dressing up in a corporate attire and looking good will give a hint to the interviewer that you really are a serious applicant who wants a job and will put heart into it. The way you answer questions will matter when it comes to testing your intelligence, although some jobs do not require high level of thinking at least you are rational and not a dummy.
When you see or hear job posts today, you will see a huge crowd of applicants responding and patiently waiting for their turn to get interviewed, but are they really possessing the best assets that will qualify them to get hired? If you are among them, do not waste your time, have a self-check on your own abilities and skills, rate your strength and identify your weaknesses for improvement. There is no other entity that can help you get the job that you wanted but yourself alone. Have positive views and boost your self-confidence.
<h2>Jobs in Construction</h2>
With over 95 years of experience in the underground construction industry behind us Borger has a proven track record. For two years in a row industry has awarded us back to back Canada’s Safest Employers awards and Best Managed Companies awards. Join our team today.
Borger is hiring for
- Superintendent
- Safety Superintendent
- Foreman
- Operators
- Pipelayers
- Labourers
- Contract Heavy Duty Mechanics
Visit: http://www.borger.ca/project_management/index.php/career/careers_form
In order to perform your construction tasks, a leading company called Borger Group of Companies extends a wide array of services. Find out which service you need on http://www.borger.ca/the_news_room.php, a general page for Borger’s projects such as earthworks and underground.
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