Investing in Olds, Alberta: Gateway to the Rockies
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Every year, investors are attracted to Alberta for its abundant energy resources, economic growth and flourishing job market.
Alberta consistently has the highest investment per capita among all Canadian provinces. According to census, investments in Alberta are up over 241% in the last 10 years - 133% greater than the whole of Canada.
Alberta accounts for 81% of the natural gas produced in Canada and is the world's third largest supplier of gas. As a world leader in oil sands development, Time Magazine describes Alberta’s oil sands as “Canada's greatest buried energy treasure,” and “could satisfy the world's demand for petroleum for the next century.”
Over the past 10 years, Alberta has had the strongest economy in Canada, yielding the highest GDP in North America, and an average real rate of growth of 4.3% per year. In 2007, Alberta had the lowest unemployment rate of all the provinces at 3.5%.
Alberta has a positive business environment because:
• It has the lowest overall taxes in Canada.
• It is the only province in Canada without provincial sales tax.
• It is debt-free.
• 60% of the labour force, 25 years of age and older, hold a post-secondary education certificate, diploma, or university degree.
• The infrastructure systems in place support business, including transportation, telecommunications, and utilities, as well as hospitals, schools, and post-secondary institutions are coveted across the nation.
“The Gateway to the Rockies,” Olds, Alberta is located in the heart of South-Central Alberta. A community with pride and heart, Olds is desired for its urban lifestyle, numerous amenities and rural appeal.
The town of Olds is a desirable community to live and invest in as it is extremely affordable and provides its residents with a high standard of living. It offers more than 100 acres of parks, playgrounds, picnic areas and golf courses. With convenient access to the mountains and surrounded by the picturesque prairies, Olds is a town with major growth potential.
Olds is situated along the Power Corridor (Highway 2), the main route connecting Calgary and Edmonton, which researchers predict will grow by one million people by 2013. Recent commercial and industrial growth, coupled with its convenient location, makes Olds an ideal place for future residential and industrial expansion.
Some of the major products and industries in the Olds area include:
• Oil & natural gas, oilfield construction and maintenance
• Sheet metal
• Pharmaceutical soft gel caps
• Solar-powered water pumping systems
• Playground equipment
• Potting soil and other garden products
• Lumber products, wood shavings and other wood products
• Post-secondary education (Olds College)
• Farming and agricultural products
In June 2008, approximately 1,000 acres of land were annexed into the Town of Olds for future residential, commercial, and industrial growth, one of them being the new La Terra Ventures “Discovery Plains” property. This 132-acre parcel is neighboring fully developed residential lands and has two major road accesses with adjacent utilities. Prior to La Terra Ventures Inc. securing the land, the town of Olds initiated a process to designate Discovery Plains as Urban Reserve in anticipation for future development. Having gone through some major pre development stages helps to ensure the future of the Discovery Plains property.
La Terra has been working closely with the Town of Olds and Brown & Associates Planning Group to ensure that the proposed development is suitable and sustainable. Environmental studies have been completed on the land and it has been determined that it is appropriate for future development.
Investing in Olds, Alberta means that you invest in the Province of Alberta, one of the strongest real estate markets in North America. Contributing to Alberta’s thriving economy is: a strong energy sector, continued economic growth, abundant natural resources, an experienced work force and modern infrastructure. The Alberta government has created an economic plan that supports the development of business to generate investment and as a result Alberta yields one of the most vibrant and competitive economies in North America.
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