Redstone Park – Calgary

Overview

About Redstone Park – Calgary

Redstone Park, a new neighborhood in Northeast Calgary, enables you to prioritize freedom and family. Redstone Park has everything you need and much more of what you desire right in your own neighborhood, including a tonne of stores, schools, green space, and amenities. • Pricing Starts From $300s • Deposit – 2.5% – 5% • Occupancy: – 2023 – 2024 • 1,153 – 1,394 sq. ft. • 2-3 Bedrooms • 2.5 Bathroom • Type: Townhomes REASONS TO CHOOSE REDSTONE PARK POPULATION Calgary is expected to expand tremendously! It is the third-largest city in Canada by population, and during the past ten years, it has had more population increase than either Vancouver or Toronto! More than 1.3 million people already call Calgary home, and by 2046, the population of the province is projected to expand by another 46%. As a result, real estate will be in higher demand, driving up prices and rental rates. BUSINESS & REAL ESTATE The province of Alberta is seen as a very profitable location for both business and real estate investment. The LOWEST tax rates in the nation are found there. As there is no provincial sales tax, there is also no HST. The government has promised to invest $10 BILLION on a package of infrastructure projects. There are no land transfer taxes, development fees, or rent controls in the real estate sector. The area is open for business and luring companies from all around the world as well as the rest of the country. A larger demand for real estate results from this simple equation: more business Equals more people. ECONOMY The economy is booming and it's only the beginning! With 99% of all oil produced now going to JUST the United States and being sold at below-market rates, Alberta is one of the world's top oil producers. The Trans Mountain Pipeline, which will transport oil through the Rocky Mountains to the West Coast for ocean exports to markets all over the world at higher prices, is THE FIX! This will bring thousands of jobs to the sector and generate over $70 billion in revenue for producers and over $45 billion in revenue for the provincial and federal governments. At the same time, and for good cause, the area is evolving into a major worldwide IT cluster. One of the greatest proportions of science, technology, engineering, and math graduates are found there. This is making it easier for multinational corporations and tech startups to establish themselves in the area. Not to mention the rise in "Tech Unicorns," or businesses with a valuation greater than $1 billion. It's no surprise that the economy is growing so well when you consider that and the large tax savings. More jobs and a stronger economy lead to higher housing costs and rising real estate demands! Condo Fees: Avenue 14.0 1,306 SF | 2 Bed: $197 Avenue 14.0+ 1,320 SF | 2 Bed: $200 Boulevard 1,396 SF | 3 Bed: $240 Condo Fees Include: ✓ Landscape maintenance, irrigation, and repairs ✓ Snow removal, waste removal & recycling pickup ✓ Repair and maintenance of all common areas ✓ Common area utility costs ✓ Replacement value insurance (excluding content insurance) ✓ Capital reserve fund contribution and capital reserve fund study fees ✓ Property management fees