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