Calgary is poised for remarkable growth, standing as Canada's third-largest city by population. Over the past decade, it has outpaced major cities such as Vancouver and Toronto in population growth. With a current population exceeding 1.3 million people, the province anticipates a further 46% increase by 2046. This surge in population is expected to drive heightened demand for real estate, consequently influencing both pricing and rental rates to rise.
BUSINESS & REAL ESTATE
Alberta, as a whole, is widely recognized as an exceptionally attractive destination for both business and real estate investment. Boasting the lowest tax rates in the country, the province stands out with the absence of the Harmonized Sales Tax (HST) and Provincial Sales Tax. The government's commitment to investing $10 billion in an infrastructure package further enhances the region's appeal.
On the real estate front, Alberta offers a favorable environment with no Land Transfer Taxes, no Development Charges, and no Rent Control. This business-friendly region is not only drawing interest from across the nation but also from around the globe. The equation is straightforward for real estate: increased business activity translates to a growing population, resulting in a heightened demand for real estate.
The economy is experiencing a robust surge, and this momentum is just beginning. Alberta stands out as one of the world's major oil producers, with a noteworthy 99% of its oil currently directed solely to the United States, often at market-low prices. The transformative solution lies in the Trans Mountain Pipeline, poised to transport oil through the Rockies to the West Coast, facilitating ocean exports to global markets at higher price points. This strategic move is expected to generate over $70 billion in revenue for producers and contribute over $45 billion to both provincial and federal governments, accompanied by the creation of thousands of jobs in the sector.
Simultaneously, the region is evolving into a prominent global tech hub, driven by a compelling factor—the remarkable concentration of Science, Tech, Engineering, and Mathematics (STEM) graduates, one of the highest ratios in the country. This educational foundation is propelling the rise of tech startups and attracting multinational corporations to establish a presence in the area. The landscape is further enriched by the emergence of "Tech Unicorns"—companies valued at over $1 billion. When coupled with substantial tax advantages, it becomes evident why the economy is experiencing such an upward trajectory.
The equation is clear: More jobs and a flourishing economy translate to an escalating demand for housing and an increasing need in the real estate sector.
Nestled in the flourishing northern part of Calgary at Centre St N & Livingston View NE, Evanston Park offers residents unparalleled convenience. Situated just minutes away from Hwy 201, Creekside Shopping Centre, Country Hills Village, Calgary International Airport, and the vibrant energy of Downtown Calgary, this development provides easy access to a variety of amenities and attractions.
Distinguished as a premier North American new home builder and land developer, Brookfield Residential is driven by a singular goal: to craft the finest living spaces. Their portfolio spans a spectrum of residences, including multifamily projects, townhomes, single-family homes, and luxury dwellings. With a commitment to offering diverse designs and features, Brookfield caters to a range of lifestyles and budgets, ensuring their homes meet the unique preferences and requirements of discerning homeowners.