Edmonton and Calgary Alberta, Canada presents
investors with not only one of the most dynamic and growth oriented
cities in North America but it is also part of the “Alberta
Advantage” which encompasses an infrastructure and capital
base that is the envy of the North American and Canadian capital
markets and business centres. Consider the following highlights:
Top cities
to invest in according to Alberta Real Estate Investment Network
(REIN). More.
City with high economic
output growth (5.2%).
City with
high employment growth (4%).
City with
high retail sales growth (10%)
City with high growth
in personal disposable income per capita (8.3%)
These aforementioned
4 figures drive rental demand and lead to a very low vacancy,
which in turn means: Rents are on the rise with an average of
4-8% annually
Why Edmonton?
In a survey of 86 cities across
North America, Europe and Japan, KPMG named Edmonton the #1 cost
competitive city in which to do business.
Construction projects totalling
$62 billion are underway in Edmonton and northern Alberta; the
largest of these are in the oil and gas sector at $49 billion.
Edmonton has real estate prices
far lower than Calgary with rents only slightly lower.
Conference
Board of Canada forecasts Alberta's economic growth in 2003 will
be 3 to 4%- twice the growth of any other province; Edmonton's
growth will be 3.2%.
In 2002,
Edmonton's population grew by 1.7% to 974,000; the labour market
grew by 4% creating 14,000 new jobs; unemployment fell to 4.8%;
disposable income grew by 8.3%
Alberta has as much
oil (bitumen or tar sands) as the middle east - and is politically
far more stable.
Oil money to Fort McMurray
is flowing through Edmonton
Employment and real
GDP/annual income growing 3-5 % annually
Diversified economy,
buffers and insulates against swings in main economic engines
Alberta has the lowest
corporate tax in Canada.
Alberta has the lowest
personal income tax in Canada.
Alberta has no debt
as of October 2004 driving corporate taxes and personal income
taxes even lower which in turn will attract more corporate investments
and jobs and thus, housing demand
Find out about the top reasons for investing
with Prestigious Properties in Alberta!
104 townhouse style complex
in Edmonton suburb: Wetaskiwin Cash-flow
and equity growth 15-20%/year or 75% to 100% in 5 years.
Possibility to own 4-plex or
revenue condo in about 2 years. Minimum Investment: $25,000
