The Market
Edmonton has and continues to have one of the top performing economies in Canada and all of North America. Alberta’s capital region enjoys a successful stable business environment and compelling long term opportunities for major growth. Over the next ten years the region is expected to have close to 100 billion dollars worth of investment into major projects.
Edmonton has a reputation of having a market where businesses proposer and a heavy industrial development of this magnitude can produce spin offs of trillions in economic expansion. This type of aggressive industrial development has the capability of making greater Edmonton the most dynamic market on the continent.
Edmonton, Alberta plays a vital role in the development of the Athabasca Oil Sands and is strategically located between the world’s largest energy market and the world’s second largest oil reserve. Greater Edmonton supports the energy industry as a centre for upgrading and refining petrochemicals, pipelines, manufacturing, transportation and logistics. The city of Edmonton is also at the crossroads of international trade routes linking Asia via the Pacific with eastern North America and Mexico with Alaska.
The city is one of Canada’s leading centre for Education. Edmonton boasts nine top rated post secondary institutes. The University of Alberta is a first class, renowned research institution and the Northern Alberta Institute of Technology is the largest trainer of apprentices in Canada. These world famous educational facilities provide exceptionally skilled and talented graduates who often stay and enter into the city’s labour force.
Businesses investing in Alberta benefit from one of North America’s most competitive corporate tax environments in the country. There is no provincial, capital or payroll tax and the province may provide lucrative incentives for new entrants. These many mentioned advantages and many further possibilities, puts greater Edmonton in the lead as a city looking at one of the brightest economic futures of any region of a comparable size in the world. Edmonton’s divers economy is redefining what it means to be a world class mid-sized city.
Edmontons real estate market has a very low commercial vacancy rate and very little industrial land available in the northeast. The provincial government is favourable to progressive business development and growth and the City of Edmonton administration and Council have a keen desire to see development in the EETP start as soon as possible.
