Sonoma at Belmont

POPULATION
Calgary is set to experience some incredible growth! It is Canada’s 3rd Largest City by Population and has had the highest population growth over the past decade of major cities in Canada, beating both Vancouver and Toronto! Currently Calgary is home to over 1.3 Million People and the population in the province is expected to grow by an additional 46% by 2046 – this will lead to increased demand for real estate resulting in higher pricing and rental rates.

BUSINESS & REAL ESTATE
Alberta as a whole is seen as a very lucrative place for both business and real estate investment. It is home to the LOWEST Tax Rates in the country. There is NO HST as there is No Provincial Sales Tax. The government is committed in investing $10 BILLION as an infrastructure package. On the real estate side, there are NO Land Transfer Taxes, NO Development Charges, and NO Rent Control. The region is open for business and is attracting businesses from not only the rest of the nation but the entire world. What this means for real estate is simple – more business = more people = a higher demand for real estate.

ECONOMY
The economy is BOOMING and just getting started! Alberta is one of the world’s largest oil producers with 99% of all produced oil currently being sold to JUST the United States and at market low prices. THE FIX – is the Trans Mountain Pipeline which will move oil through the Rockies to the West Coast for ocean exports to markets across the world and at Higher Pricing! This will create over $70 Billion in revenue for producers and over $45 Billion in revenue for the provincial and federal governments while bringing thousands of jobs to the sector.

At the same time, the region is transforming into a global tech hub and for good reason. It has one of the highest ratio of Science, Tech, Engineering & Mathematics graduates in the country. This is paving the path for Tech Startups and Multi-National Corporations opening up in the region. Not to mention the growing number of “Tech Unicorns” (companies valued at over $1 Billion). Combine that with the significant tax savings it’s no wonder why the economy is on such an uprise.

More Jobs – Better Economy = More Housing Needs & Increasing Real Estate Needs!

LOCATION
Sonoma at Belmont features a highly desirable location in Calgary’s burgeoning southend at 194 Ave SW & Belmont St SW where residents will find themselves conveniently located just moments from Macleod Trail seamlessly connecting them to the city’s downtown core as well as an upcoming LRT Station located just 500 meters from the development. Nearby shopping includes the Township Shopping Centre & Shawnessy Shopping Centre which features a fantastic variety of dining options, big box stores, grocery stores and banks.

REPUTABLE DEVELOPER
Adding to the reputation that Morrison Homes has been building since 1961, Morrison Homes also offers home buyers unparalleled quality craftsmanship and value in their multi-family developments. Each of their developments offers something innovative and exciting. Whether you’re looking for accessibility to the vibrant city life or the serene natural world, stunning finishings or unbelievable value, Morrison Homes Multi-Family has a home suited for your lifestyle.