POPULATION Calgary is poised for remarkable growth, holding the title of Canada’s 3rd Largest City by Population. Over the past decade, it has outpaced major cities like Vancouver and Toronto, experiencing the highest population growth. Currently boasting a population of over 1.3 million people, the province anticipates a further 46% increase by 2046. This surge will inevitably drive up demand for real estate, resulting in higher pricing and rental rates. BUSINESS & REAL ESTATE Alberta stands out as an exceptionally lucrative destination for both business and real estate investment. It proudly claims the lowest tax rates in the country, with no HST or Provincial Sales Tax. The government is committed to a substantial $10 billion infrastructure package. On the real estate front, there are no Land Transfer Taxes, Development Charges, or Rent Control. The region is not only open for business but is also attracting enterprises from across the nation and around the globe. The equation is straightforward: more business equals more people, leading to a heightened demand for real estate. ECONOMY The Alberta economy is not just thriving; it's on the brink of a significant upswing. As one of the world's largest oil producers, with 99% of output currently sold to the United States at market-low prices, the Trans Mountain Pipeline presents a game-changing solution. Once operational, it will transport oil to the West Coast for global exports, commanding higher prices and generating over $70 billion in revenue for producers, along with $45 billion for provincial and federal governments. Simultaneously, the region is evolving into a global tech hub, boasting a high concentration of Science, Tech, Engineering & Mathematics graduates. This trend is attracting Tech Startups and Multi-National Corporations, including a growing number of "Tech Unicorns" valued at over $1 billion. Coupled with substantial tax savings, these factors contribute to the ongoing economic upswing, resulting in more jobs, increased housing needs, and a growing demand for real estate. LOCATION Nestled in Northeast Calgary, one of the city's largest employment centers, the location is prime, hosting approximately 34% of all Calgary jobs. With easy access to Highways 201 & 2 and the upcoming Green Line LRT, commuting throughout the city is convenient. Residents also enjoy proximity to the Calgary International Airport and nearby shopping options, such as CrossIron Mills, featuring over 200 specialty stores and outlets, including Costco, Lowe’s Home Improvement, Bed Bath & Beyond, and more.
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