
WHY INVEST IN ALBERTA?
NO HST/PST (5% GST)
Alberta stands out with its absence of provincial sales tax (PST), payroll tax, or health premium, along with a comparatively low personal income tax. In contrast, residents in other provinces may incur taxes of up to 10%.
NO RENT CONTROL
No cap on opportunity to increase property value.
sTRONG RENTAL YIELDS
Alberta offers competitive rental yields, making it an appealing choice for investors aiming for favorable returns on their real estate investments. With reasonable property prices and consistent rental income, landlords can expect healthy cash flow from their investments.
AIR BNB & BUSINESS FRIENDLY
Investing in Airbnb properties in Calgary can offer potential tax advantages. Depending on how the investment is structured, investors might qualify to deduct various property-related expenses, including mortgage interest, property taxes, and maintenance costs.
NO DEVELOPMENT CHARGES
A transparent purchase experience.
TECH SECTOR GROWING
In 2022, Calgary, Alberta, Canada officially transitioned from a small to a large tech market, with over 50,000 tech jobs representing 6.9 per cent of total employment.
GDP
Calgary has the highest GDP per capita of major Canadian cities
oPPORTUNITY RICH
More than $18.35 billion of investment has been made in Calgary across all sectors since 2015.
NO LAND TRANSFER TAX
Save another pre-construction down payment.
GROWING POPULATION
Alberta's population is surging ahead of all other provinces in Canada, with over 17,000 individuals relocating from various regions of the country between July and September, as per the most recent data from Statistics Canada.
HIGHER INCOME
In 2020, Albertans boasted the highest average weekly earnings and family income across Canada. With an average weekly income of $1,251 and a median after-tax family income of $104,000, Alberta outpaced other provinces significantly. Comparatively, the national median after-tax income stood at $66,800.
HOUSING AFFORDABILITY
Alberta stands out as one of the rare Canadian regions where owning a home in a major city remains affordable. Notably, both Calgary and Edmonton secure positions in the top 10 most reasonably priced housing markets globally.
CONDO SALES UP
Condos are the sole residential property category to exhibit a year-over-year enhancement in the year-to-date total number of net listings, standing at 12%. Meanwhile, the other three property types have witnessed declines ranging from 22% to 28%.
Contact us.
info@condoprospective.com
(587) 317-0593