The Province of Alberta is classified as one of the "Prairie Provinces" located between British Columbia and Saskatchewan with a population of estimated in excess of 3 million. The "Alberta Advantage" refers to the envious position Alberta remains due to its natural resources and the direction government has chosen. To view stats about Alberta click here
The City of Edmonton is located in the centre of the Province of Alberta and is considered the "Gateway" to the North. It currently has a population of approx. 670,000(2003) and including the "greater Edmonton area" a population of approx. 1,000,000(2004). The huge expansion of the north(Oil Sands) relative to the Energy Sector measured in Billions of $ has had a flow through effect for the City of Edmonton. To view stats about Edmonton click here.
WHY INVEST IN EDMONTON?
- In a report completed by KPMG, Edmonton was named the #1 Cost Competitive City to do business. For more information click here.
- The Conference Board of Canada Outlook click here
- The Greater Edmonton Outlook click here
- The Real Estate prices in Edmonton are less than Calgary but the rents are not far apart making it easier to purchase real estate in Edmonton because of cash flows, financing. With the current price increases we have experienced in Edmonton the rents are now increasing comparable to Calgary.
- Edmonton was voted by the Real Estate Investors Network as the #1 city in Alberta to purchase real estate.more info click here.
- With Alberta having the lowest Housing Affordability index in Canada,click here for more info, Edmonton enjoys slightly lower. This is the cost for a homeowner consisting of mortgage, principal, and interest payments combined with utilities.
-Edmonton Real estate board. Click here.
WHY ALBERTA?
- Alberta is forecast to have a GDP of 5% in 2007 coming off a banner 2006 where the GDP rate was 7%. click here for more info.
-The unemployment rate for January 2004 was 5.1%, among the lowest in the country. Sales and service showed the greatest increase followed by trades, transport and equipment operators.more info click here.
- China's increased demand for oil make it the second largest oil importer after the United States.
- Lowest provincial tax.
- Alberta Real Estate, does it get any better? click here.
- Hear what one of Canada's leading economists has to say about Canada and Alberta. Will the U.S. slow down affect Alberta growth. click here
- CIBC world market report on provincial economic growth. click here.
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