Alberta’s Population Growth Drives Economic Momentum — But Highlights New Labour Market Pressures
- ClearView Insider
- Oct 29
- 1 min read
RBC Economics reports that Alberta’s strong population growth continues to fuel housing demand, consumer spending, and overall economic performance — positioning the province as a national growth leader. However, this same trend is also amplifying challenges for young job seekers, as a rapidly expanding labour force increases competition for entry-level roles.
Key insights:
• Alberta’s economy remains one of Canada’s strongest, driven by record in-migration and labour market expansion.
• Employment growth is broad-based, yet youth unemployment remains elevated despite the province’s economic gains.
• Population pressures are influencing both the housing market and service-sector employment — sectors key to urban economic health.
These dynamics underscore the dual nature of Alberta’s growth: continued momentum in investment and population, paired with evolving workforce challenges that could shape near-term economic and real estate trends across Calgary and the province.
Connect with Clearview: Economic trends influence how businesses plan for space, growth, and investment. To discuss how Alberta’s labour and population shifts may impact commercial real estate demand, contact us at info@cvpartners.ca.
Source: RBC Economics, “Strong population growth boosts Alberta’s economy but challenges young job seekers,” Oct. 2025.