[Glenco]

Planners tend to go by historical averages and go with that not what they want to happen. 2% has been an historical average for many years.

 

[occidentalcapital]

Planners tend to go by historical averages and go with that not what they want to happen. 2% has been an historical average for many years.

We're growing by 4% without any real oil boom now.

Underlying factors have changed, that's why it seems like a forecast of growth at 2% per year is no longer reasonable.

 

[Glenco]

4% could be an anomaly because of the refugees from war zones and high cost of living in Canada’s largest cities. Better to go with long term averages

 

[occidentalcapital]

4% could be an anomaly because of the refugees from war zones and high cost of living in Canada’s largest cities. Better to go with long term averages

Doesn't that assume that house prices will drop in Ontario and BC? Isn't that a bit of a risky assumption to make?

 

[Glenco]

Too many moving parts. It would take a quantum computer to analyze and predict all the possible scenarios.

 

[occidentalcapital]

Too many moving parts. It would take a quantum computer to analyze and predict all the possible scenarios.

Just hope they have some mitigation plans and flexibility built in when their projections are missed.

 

[IanO]

Too many moving parts. It would take a quantum computer to analyze and predict all the possible scenarios.

'Challenge accepted' - the ENIAC

 

[BASE]

We won’t always be seeing this level of growth so agree it’s reasonable to take an average look over a longer horizon.

 

[Glenco]

 

[northlands]

Cool seeing in real time the Klein years taking the wind right out of Edmonton's sails.

 

[IanO]

I've always found London fascinating when it comes to historical retrospectives and how it really was left behind.

 

[Gronk!]

I've always found London fascinating when it comes to historical retrospectives and how it really was left behind.

London, Ontario? Or the real London (in England)?

 

[Glenco]

Cool seeing in real time the Klein years taking the wind right out of Edmonton's sails.

It started with Lougheed when he asked all the oil companies to move to the southern city. Plus a bunch of other initiatives that propelled them forward. Klein was more crass and blatant about it.

 

[David A]

Cool seeing in real time the Klein years taking the wind right out of Edmonton's sails.

It is history now and those not around then may not realize how much the Klein years really slowed things here and even set them back for several years. Calgary did not actually surpass Edmonton's population until more than half way through his time in power.

It is interesting how almost all of the bigger cities were in the East at the beginning of the time frame and Edmonton surpasses so many of them. We have only been surpassed by one.

 

[David A]

It started with Lougheed when he asked all the oil companies to move to the southern city. Plus a bunch of other initiatives that propelled them forward. Klein was more crass and blatant about it.

I don't think Lougheed was anti Edmonton, but yes at the time he wanted to build up Calgary. I feel his vision was Alberta having two major fairly equal cities.

Klein on the other hand seemed to hate Edmonton and tried to move whatever he could to Calgary.