Calgary is on the cusp of remarkable growth, standing as Canada's third-largest city by population. Over the past decade, it has achieved the highest population growth among major cities in Canada, surpassing both Vancouver and Toronto. Currently home to over 1.3 million people, the province anticipates an additional 46% growth by 2046. This surge in population is expected to drive heightened demand in the real estate market, consequently leading to increased pricing and rental rates.
BUSINESS & REAL ESTATE
Alberta, as a whole, is widely recognized as an exceptionally lucrative destination for both business and real estate investment. Boasting the lowest tax rates in the country, with no Harmonized Sales Tax (HST) due to the absence of Provincial Sales Tax, the region provides a favorable financial environment. The government's commitment to a substantial $10 billion infrastructure package further underscores the province's dedication to growth and development.
On the real estate front, Alberta distinguishes itself with a lack of Land Transfer Taxes, Development Charges, and Rent Control measures. This business-friendly atmosphere has not only attracted enterprises from across the nation but has also made the region appealing on a global scale. The implications for the real estate market are straightforward: increased business activity translates to a growing population, creating 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 thriving northwest quadrant of Calgary, near Shaganappi Trail NW & Symons Valley Pkwy NW, Sage Walk offers residents unparalleled convenience. Positioned just minutes away from Hwy 201, Creekside Shopping Centre, Beacon Hill Shopping Centre, Calgary International Airport, and the vibrant energy of Downtown Calgary, this development provides an ideal blend of accessibility and proximity to key amenities.
Recognized as the most acclaimed multi-family builder in Calgary, Logel Homes places a strong emphasis on meticulous attention to detail and ongoing improvement in every aspect of home building. Rooted in a legacy of innovation, quality construction, and an unwavering commitment to providing an outstanding customer experience, Logel Homes is establishing the benchmark for excellence in multi-family housing.