Second in population only to Montreal, Quebec's capital, Quebec City, has over 516,000 residents, and its total metropolitan population is above 765,000. Though Quebec City is a major metropolitan area, it has a lower cost of living than nearby Montreal. Rent prices and housing prices are slightly lower than Montreal and considerably lower than other major Canadian cities such as Calgary and Vancouver.
Quebec City has seen steady economic growth since the recession of the late 2000s, with 2.4 per cent expected in 2015 and 2.7 per cent growth expected in 2016.
Quebec City, QC Job Opportunities
Quebec City has a burgeoning tourism industry, which is forecast to keep growing through 2015 and 2016. The services industry will also benefit from growth in the financial sector, so job seekers should be on the lookout for finance jobs relating to the service industry. The service industry itself accounts for more than three-quarters of Quebec City's GDP.
Quebec City's major industries include life sciences and medical technology. This high concentration of biomedical sectors makes Quebec City a good place for job seekers looking for health care jobs, technology jobs, and even jobs relating to natural health.
Quebec City, QC Employment Trends
Manufacturing and construction are two major industries in Quebec City that will see significant growth in coming years, providing a boost to the entire GDP. Two of the reasons for this is the U.S. economy and U.S. demand, because many goods produced in Quebec City will end up south of the border. Non-residential construction is where the jobs will be, since the residential market is still facing a slight decline from year to year.
Though oil prices and the decline of the Canadian dollar are predicted to affect a considerable portion of Canada negatively, Quebec City is in an economically steady place and is poised to weather the storm without suffering ill effects.