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.
Commercial Real Estate Net Rental Rates Across Canada
Low cost of living
In Alberta, there is no provincial sales tax (PST) 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 a higher family income than in other parts of the country. In 2020, Alberta families had the highest median after-tax income in Canada at $77,700 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. 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.