Why Invest in Alberta?

According to a TD economic report the gross domestic product GDP* of the Calgary-Edmonton Corridor reached $44,000 USD per capita in 2003, exceeded only by the GDP of Luxembourg

 1.        GDP* is 23% higher than the average for the USA

 2.        GDP* is 47% higher than for the rest of Canada

 3.        Over the past decade, growth in real GDP in the Calgary-Edmonton Corridor averaged 4.2% per year, 1 percentage point        above both the Canadian and U.S. averages

 4.        At almost 3% per year in 1992-2001, average annual job creation was one of the fastest in North America

 5.        TD Report calls this area ‘Canada’s Western Tiger’. “Given all of its assets, the Corridor has enormous potential – not only to widen its economic lead in Canada further, but to become the most prosperous and the best place to live in all of North America.”

 6.        The primary engine that drives any Real Estate market is people earning and spending money. Population in the Corridor soared by 12.3% in the most recent five-year Census period (1996-2001), more than double the gains posted in the rest of Alberta (5.3%), other Canadian urban regions (5.5%), and the average of U.S. metropolitan areas (6.0%). Even with a 13%/yr. increase in the average price of a single family home, Alberta’s affordability index dropped  from 29.9% to 25.4% (2005) : third lowest in the country, only behind Saskatchewan and Atlantic Canada. This shows that Alberta has the economy to support the Real Estate increases we are seeing.

      7.        The Alberta Government is fiscally responsible and is creating an atmosphere for a boom.

 8.        Canada has a mobile workforce that allows them to move wherever the work is, and the work is in Alberta.

9.         KPMG study shows Canada #1 country for business and Edmonton #1 City in the world for doing business, out of 74        world Cities

      10.  Alberta has over 150 BILLION dollars worth of projects on going 2006

 

*GDP- Gross Domestic Product-       All goods produced compared to population size.

                                                     Is used as an economic indicator for how healthy the economy is.

See links below for all the information you need to know about the Alberta Economy. Thanks to the official Government of Alberta Website.

Economic Results                                        Alberta Labour Force                   Exporting Dollars                                    Fastest Growing Economy                       Investment                                                        Manufacturing Growth

Alberta's Natural Advantages Agriculture Energy Forestry

Alberta Positive Business Climate   Competitive Corporate Taxes                            Highly Entrepreneurial   Low Personal Taxes   Responsible Government   World Class infrastructure