The opinions expressed in this document are those of the author and are not necessarily those of the Canada West Foundation’s Board of Directors, advisors, or funders. [...] The information contained in this report has been drawn from sources believed to be reliable, but the accuracy and completeness of the information is not guaranteed, nor in providing it does the Canada West Foundation assume any responsibility or liability. [...] The The rate of job creation and the percentage increase in wages non-residential building construction price index rose 21.3% and salaries from 2005 to 2006 were both more than double the in Calgary and 18.5% in Edmonton from the first quarter of Canadian average. [...] Despite (%) the downward movement in the latter part of 2006, the average Canada 12 price for the year was roughly 17% higher than the average Alberta for 2005. [...] The Alberta government and many private sector 10 forecasters are anticipating the price of oil to soften in the next few years and remain below US$60 per barrel (Alberta Finance 8 2007).