Aloft Tamarack
Starting from $189998
Similar Properties
You can see here some similar properties
You can see here some similar properties
RISING POPULATION & ECONOMIC OUTLOOK
The fifth-largest city in Canada and the second-largest in Alberta is Edmonton. With over 1.5 million people living in Edmonton now and a 46% projected population growth in the province by 2046, there will be a greater demand for real estate, driving up prices and rental rates.
Business and Property
The province of Alberta is thought to be extremely profitable for real estate investment as well as corporate ventures. The LOWEST tax rates in the nation are found there. Since there is no provincial sales tax, there is no HST. The government has pledged to fund an infrastructure package of $10 Billion. Regarding real estate, there are no development fees, no rent control, and no land transfer taxes. The area is welcoming to enterprises and is drawing them from all over the country and the globe. This simply means that there will be a greater demand for real estate because there will be more business and more individuals.
ECONOMIC
The economy is booming and has only just begun! One of the biggest oil producers in the world, Alberta now sells 99% of its produced oil to JUST the US at below-market pricing. The solution lies in the Trans Mountain Pipeline, which will transport oil from the Rockies to the West Coast for export via sea to global markets, although at a premium price! In addition to generating thousands of employment in the industry, this will result in over $70 billion in revenue for producers and over $45 billion for the federal and provincial governments.
For good cause, the area is becoming a global powerhouse for technology at the same time. It boasts one of the best graduation rates in the nation for STEM fields—science, technology, engineering, and math. This is creating the conditions for the opening of Multi-National Corporations and Tech Startups in the area. Not to mention the rising quantity of "Tech Unicorns," or businesses worth more than $1 billion. When you take into account the large tax savings, it makes sense why the economy is doing so well.
A stronger economy and more jobs translate into higher housing and real estate needs.
EVERYWHERE IS THE LOCATION
With a prime position close to Tamarack Blvd. NW and 23 Ave. NW, homeowners can quickly get to Edmonton's busy downtown area! Shopping opportunities abound in the neighbourhood because the development is close to a great selection of big-box stores, parks, trails, schools, and other establishments. With Highways 216 & 14 and the Meadows Transit Centre only minutes away, getting about the city is a breeze.
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