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Is Edmonton Dead as a Business Investment City? Not Even Close
Although the Oil and Gas industry is seeing a very low period with employment and production reduced, it is not the end of the long term economic growth and opportunities in this Western Canadian City. In fact the timing may be perfect for some.
By: Canadian Relocation Specialists
This will result in a continued reduction of production and employment in the Canadian industry. As a result many are fleeing the Edmonton and Northern Alberta region. Real Estate prices are falling in the region due to supply and the increased number of units being placed on the market. Demand is not anywhere near the historic levels.
The opposition by environmentalists against the expansion of oil and gas projects is also a contributing factor which is having a major impact on the Western Canadian (and Canadian) economy as a whole. It is unfortunate that these issues are being controlled by the loudest special interst groups instead of what is best for our economy and potential employment opportunities. These groups are not stopping the production and development, they are in fact pushing the money to projects to other countries and allowing them to benefit from our special interest groups. We need to look instead at the economic impact, the employment opportunities and increasing safety of all said projects.
The bottom line which everyone can agree on is that we need to look at alternative energy sources and projects. With that said, in BC the Site C Dam is also being held up by opposition and environmental groups as well. Canada needs large scale projects to compete globally and for domestic markets but there are too many special interest groups causing delays, stopped projects and costly challenges. Corporations are going to take these investment dollars to other countries where they can save hundreds of millions and fast track projects with less regulation on safety and environmental issues globally.
With all of this said, oil prices will rebound in the long term, Alberta will see a recovery in the employment and finacial situation. In the meantime, it has seen real estate prices drop, skilled trades rates drop and overall cost of business reduced. This is good news for smaller companies looking to expand and enter the market prior to the recovery. The past issues of worker shortages and high cost of operations has been reduced and this is good news for many. For the Albertan's not fleeing, it allows them the opportunity to entertain the option of self employment and coopereative employment with other trades persons. It allows companies that want to be there when thew markets improve to get in and secure supplier and location agreements now while the rates are lower. It is a golden opportunity for investing in Edmonton and Northern Alberta.
Several small West Coast companies run by entertainer, James Cousineau (aka DJ James & The Canadian Comedian) are looking at taking advantage of the current situation to open offices for his companies, Canadian Relocation Specialists and Soundmax DJ Services in Edmonton this summer. "I feel that the market is perfect for the right, well planned and controlled expansion into a great market and great city" states James.."I am encouraged by the forward thinking of the city of Edmonton, the Province of Alberta and the great people of Northern Alberta. I have just returned from a visit there and although a few small bumps, I see a city that is still growing and moving forward, not backwards. The people I have met everytime I am in Edmonton are friendly and welcoming. I will be hiring local and sourcing most of our business needs locally to be a part of the local community"
Canadian Relocation Specialists www.canaidanrelocationspecialists.com
Soundmax Mobile DJ Services http://www.soundmaxdjservices.com
Edmonton - Calgary - Dawson Creek - Prince George - Kelowna
Canadian Relocation Specialists