There can be no doubt that Edmonton has a boom/bust economy, which oscillates wildly and unexpectedly like our weather. Now, unfortunately, we are slumping into a torpor of economic depression, after a wild frenzy of economic growth. The boom is over- I’m sorry.
Perpetually an optimist, I know with absolute certainty that Edmonton will boom again. Right now, we have an opportunity to plan for this bright future, and our current bust offers us the blessing of time to think, something we never have when our economy turns super hot in the blink of an eye.
So looking back on this last boom, and previous booms, how did we grow? How did we develop? What were our missed opportunities? What could we have done differently? Did we blow it, or did we manage our growth well?
What are our thoughts, so we can plan ahead for the next great leap in our development?