Yeah, I've been doing some research on the subject for a while. Edmonton isn't likely to get any full power digital (ATSC) stations for a couple years. CTV and another were supposed to go online this year or next, but the transmission facilities they share seem to be inadequate, so they have to do some work, and its going to take a while.
Also, Canada's switch over isn't set till 2011. So no one has to have anything up till then.
I hear there are some pretty inexpensive antennas you can get, some extra wide so you can grab signals from multiple geographically distributed towers, so you don't have to have a separate antenna to point at each one.
Some channels were trying to get out of the OTA market all together, but if they do that, they loose the status of being a "broadcaster", whatever that gives them, seems to be worth putting in place the upgrades to ancient NTSC OTA broadcasting equipment. So luckily most if not all channels will switch over, instead of going Cable/SAT only.