I'm excited as anyone else about the influx of people coming here. More people = higher demand for big city amenities and a lot of the people coming here will be expecting/hoping for things they are used to in places like Toronto and Vancouver. BUT I don't expect to see the spillover effect to happen for another couple of years realistically.
It's also important to keep in mind a lot of the people moving here will be young, middle class families that just want to live in a SFH in a quiet neighbourhood far away from the city centre. It's not a bad thing, just something to keep in mind as Edmonton undergoes what arguably could be the most transformative period the city is about to go through this century.