Canada Global(Web News)The provincial government has been selling the “Alberta Advantage” for years with promises of higher wages and lower taxes. Now the trend of housing starts is increasing and so is the number of people migrating to the province.
But is Alberta ready for population growth?
During the first three quarters of 2023, more than 45,000 people moved to Alberta from within Canada. Economists say there are several reasons for this, including the fact that, unlike other metropolitan areas in the country, major centers in the province can grow with population.
However, one of the biggest motivators is the low price.
Times are tough when inflation hits, and everyone struggles for themselves. It’s really easy to understand that Alberta is a good place to spread your money a lot more than the rest of Canada.
Alberta doesn’t have a provincial sales tax. So when you enter the province, your dollar-for-dollar spreads about 10 percent more. Then when you add that it has some of the lowest income tax rates anywhere in Canada, the amount of money you have available to spend is even greater.
According to Statistics Canada, Alberta had the most interprovincial migration with 6,262 Ontario residents moving west and 5,269 moving from BC.
