For all of its dependence on the energy sector, Calgary remains one of Alberta’s most business-friendly cities
Canada’s energy capital is turning the economic downturn into success stories for small businesses and young entrepreneurs. While oil giants recover, Alberta’s largest city has become a hotbed for innovative technology and international business, and is embracing bold commercial and residential real estate projects over the next decade. In fact, millennials and first-time buyers are diving into the housing market this year. And with low tax residential rates and a high median household income, Calgary’s population continues to grow. We expect nothing less of the Stampede city, flourishing with the performing arts, set in the heart of the Canadian Rockies.
By the Numbers
Population growth rate (2011-2015): 12%
Residential tax rate (mills): 3.5
Non-residential tax rate (mills): 10.7
Median home price: $492,450