Alberta Advantage

Last Updated on February 27, 2023

Everything you need to know about the "alberta advantage"

Post by RyanSellers.com Real Estate Group

People are flocking to Alberta for a sustainable and stress-free life. Among the major cities in Alberta (Calgary, Edmonton, Lethbridge), Edmonton is the most attractive city to consider. We break down why Alberta is the province of choice and why Edmonton is the city you should consider calling home

Edmonton Home Prices Consistently dropping year-after-year

With home prices dropping (5% 2022-2023) consistently year-over-year, Edmonton has become a focal point for home buyers and investors worldwide. This contrasts with Calgary’s housing market, with average home prices rising 4% year-over-year. A decrease in property prices gives home buyers and investors attractive investment incentives. Furthermore, RE/MAX Canada predicts an additional 3.3% drop in aggregate home prices by the end of 2023.

Interest rates cools down competition, but less competition makes it a better time to buy

Interest rate hikes make it difficult for home buyers and investors to secure loans. Despite the low housing prices, buyers are reconsidering whether it is an excellent time to buy due to the hefty interest rates. Persistent shoppers might be in luck, though. Less (buyer) competition drives house prices further and gives buyers more negotiating power!

More Employment Opportunities and Higher income Potential

Every year, individuals from across Canada and the globe choose Alberta as their location of employment and residence. Alberta features beautiful landscapes and diverse, hospitable communities. Alberta is home to diverse communities and cultures with a government that emphasizes job creation, economic growth, and numerous business opportunities. Did you know: the highest-paying province in Canada is Alberta?

Alberta Citizens and Businesses pay less tax

Alberta continues to have an overall tax advantage compared to other provinces, with no sales tax, payroll tax, or health premium. Furthermore, Albertans and Alberta’s businesses continue to pay the lowest overall taxes compared to other provinces.