Vertos

POPULATION
Alberta’s population will grow by approximately 43% to 6.4 million people by the year 2046. Moreso, 4 out of 5 people will be living in the Calgary – Eglinton corridor which is poised for extremely high growth. This will significantly increase demand in these areas causing an increase both house prices 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
Vertos is an exciting new community in Cochrane, located just 10 minutes outside of NW Calgary, which is one of the fastest-growing communities in Canada and with a population of 32,199 in 2021, it is also one of the largest towns in Alberta! Vertos features a highly desirable location along the shores of the Bow River surrounded with stunning natural spaces, amazing waterfront pathways and bike trails. Residents will also be within close proximity from Downtown Cochrane, Big Box Stores, Bow Valley Trail, Downtown Calgary, Parks, Golf Courses and more!

REPUTABLE DEVELOPER
Ocgrow’s success has continued for over 30 years, with its dedication, focus & continual innovation. Their diverse experience includes building a range of developments from multi-family condo projects in Greater Vancouver, to mixed use commercial retail centres in Greater Calgary and beyond.