The Park in Garden Heights

POPULATION
Red Deer is the third largest city in Alberta located in the Edmonton/Calgary growth corridor. Currently, Red Deer is home to over 100,000 residents which is anticipated to increase to over 180,000 by 2031, leading to an 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
Red Deer is a vibrant city nestled in central Alberta, located just 90 minutes between Calgary and Edmonton. With quick and convenient access to Highway 2 and a stop along the upcoming High-Speed Hyperloop Train, residents can seamlessly access the province’s major cities with ease. Nestled along the Red Deer River, the city offers a diverse range of activities and attractions, from the historic charm of downtown with its shops and eateries to the expansive green spaces like Waskasoo Park. For those seeking adventure, the rugged mountains of Banff,  Jasper’s sparkling glaciers, and Lake Louise’s turquoise waters are all easily accessible, providing endless opportunities to enjoy the great outdoors.

REPUTABLE DEVELOPER
Avalon has been building better-built homes in and around Red Deer for over 35 years. They started from humble beginnings and along their journey, they’ve never forgotten their roots. They have an unwavering commitment to put every customer first, by always doing the right thing.