Strong potential for strong returns

  • Apartment vacancy rate is 1.3%
  • Lower taxes and entry costs
  • Affordable cost of living
  • Estimated average household income is 48% higher than national average
  • Major multinational corporations are offering a growing number of opportunities that are in turn attracting many talented young men and women
  • A diverse economic portfolio with many pillars supporting robust growth
  • Low unemployment rates, with many employers experiencing housing challenges for their employees
  • Excellent schools and health care
  • Close proximity to local amenities

*2014 Grande Prairie Relocation Guide

Business advantages of the area

  • No provincial sales tax and low cost tax regime
  • Rich in natural resources, including natural gas, natural gas liquids, oil, oil sands, lumber and agricultural land
  • Presence of major corporations such as EnCana, Husky and Canadian Natural Resources
  • Grande Prairie’s status as a regional service centre for a market of over 250,000
  • A diverse economic portfolio with many pillars supporting fast growth
  • Young population, growing at more than 4% annually
  • Affluent families; household discretionary income nearly double the national average