Quote:
Originally Posted by GGG
I think a lot of the affected population has left already so I don't see significant further decline. Companies will be rehiring over the next year slowly as sustaining production is developed. Our demographics are positive (young and child bearing). Commercial real estate and the associated construction jobs will be gone but even in the past year Calgary Metro grew negligibly so residential while slower will still exist.
If the question is will Calgary grow and be more vibrant going forward over the next decade using today as the bench mark the answer in my opinion is absolutely yes.
But if you use 2014 as the bench mark and say when will Calgary recover to that level of disposable income I would say never. Even if its terms of total economic activity we probably have 5 years to build back to that point spread across a lot more people.
|
I prefer your take over mine.