Low cost of living
In Alberta, there is no provincial sales tax (PST), payroll tax or health premium and a low personal income tax. While residents of every other province pay up to 10%, Albertans only pay the 5% Goods and Services Tax (GST) paid by all Canadians.
The province provides health coverage — giving Albertans access to hospitals, clinics, physicians, and other services. Albertans also have access to a quality, internationally ranked public school system.
On average, Albertans enjoy the highest weekly earnings and a higher family income than in other parts of the country. In 2020, Albertans earned $1,251 weekly and Alberta families had the highest median after-tax income in Canada at $104,000 compared to the national median of $66,800.
Alberta is one of the few places in Canada where it’s affordable to own a house in a major city. In fact, both Calgary and Edmonton rank among the top 10 most affordable housing markets in the world. The average home price is $455,050 and $596,000 for a single-family detached home in Edmonton and Calgary respectively.
Unlike other Canadian cities which have seen home prices surge, Edmonton and Calgary are experiencing steady growth — indicating a balanced housing market.
Access to affordable, quality office space
Not only is it affordable to live in Alberta, but commercial real estate is very reasonably priced. Alberta’s major cities have lots of high-quality commercial space available and the lowest downtown office Class A rental rates in the country.