Smart Chinese Real Estate Buyers Come to Alberta
Seems the smart Chinese real estate investors are starting to find out about the “Alberta Advantage”. With Canada’s best growth forecasts and World Leading Economic Growth plus the Best Migration in Canada, the lowest tax rates in Canada and NO PST/HST or Land transfer taxes, Alberta is clearly the best choice for diversification and investment in Canada for Chinese and Asian buyers looking to secure their wealth.
This doesn’t even take into account the fact that Alberta ranks in the top 3 for World Oil Reserves! On a related note it was announced today in the Calgary Herald that a un-named Chinese oil company with operations in Alberta purchased 12 condos from a new downtown development to provide accommodations for their employees as they see their investment’s in Alberta lasting at least 35 years!
Check out this list of Major Projects in Alberta and you will clearly see the prospects for growth, job creation and a strong provincial economy. Just last week a report came out that there is expected to be over 2 TRILLION dollars of investment in the Oil Sands in the next 25 years. Yes, that is Trillions with a T!
I think Alberta is on the cusp of seeing a surge in demand from Chinese buyers! The most popular destination for Chinese and Asian buyers in Canada has been Vancouver, but that market is reaching astronomical prices according to a May 16th article by Bloomberg citing Vancouver as more expensive than New York City!
Did you know:
- Calgary was named the 5th best city to live in the world by the Economist for 2010 and 2011.
- Calgary was named the 3rd most prosperous city in the world in this years Toronto Board of Trade Prosperity Index
Calgary enjoys many, many benefits including being the head quarters to Canada’s Oil and Gas industry. Being home to the 2nd largest concentration of head offices in Canada and being a major international logistics hub. Calgary has the best Housing Affordability in Canada and represents a really tremendous value and opportunity with the city’s growth prospects. Calgary and Canada as a whole can get cold during the winter, but Calgary does enjoy more days of Sunshine than any other major Canadian city. Calgary is a young, vibrant City with tons of parks, pathways and green spaces and a really great location close to the USA border, Banff National Park, Ski resorts, Lakes in BC and the rest of beautiful Alberta. Calgary is home to Canadas 4th largest airport which is currently building Canadas largest runway capable of handling the Super Jumbo Airbus A380! Check out more awesome facts and stats about Calgary here.
Let me be your guide to the City of Calgary and the Calgary Real Estate Market. I have the top recommendations for the best areas and communities in Calgary. The best Schools, Locations and Feng Shui are very important to the sophisticated Asian investor and I will handle every aspect of your transaction from start to finish, helping you make the best investment decision. Contact me anytime 24 hours a day! I have a professional translator and Chinese REALTOR® ready to assist me, provide full video and photo tours for any listings of interest and provide the best full service experience with your real estate goals.