With more than 2,400 businesses, an impressively low unemployment rate, and a housing market destined to grow, it’s no wonder St. Albert boasts the second-highest residential income in Alberta. This ambitious patch of entrepreneurial community is addicted to innovation and niche businesses. Last year, it set a record with 387 new businesses, a third of which were home-based. And thanks to a growing population, $25 million worth of construction projects was completed in 2015.
By the Numbers
Population growth rate (2011-2015): 5%
Residential tax rate (mills): 7.6
Non-residential tax rate (mills): 10.53
Median home price: $459,000