Affordable living and a high quality of life
Build wealth and enjoy your community.
There’s a reason why the province is one of the most affordable places in Canada. Albertans enjoy high average wages; the lowest income tax brackets in the country; low utility costs; and low housing prices in its two major cities, Edmonton and Calgary. Plus, there’s public healthcare and a quality public education system so we ensure you only have to spend your money on what matters to you.
Add that all together and its clear why Alberta has the highest Human Development Index (HDI) in Canada.
Bragg Creek, Alberta
Photo Credit: © Travel Alberta by Roam Creative
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.
Higher incomes
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.
Housing affordability
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.
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Calgary Folk Festival and Bow River in Calgary
Photo Credit: © Travel Alberta by Tourism Calgary