How is life in Alberta going to be in 2025? Let us find out!
Is Alberta worth the move in 2025? And let’s find out what it is like living in Alberta today
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We are going to run through some recent statistics and information to see if moving to Alberta makes sense in 2025.
Inflation in Alberta outpaces Canada.
Canada’s inflation rate rose in Oct by 2%. Alberta rose by 3%.
While houses in Canada dropped slightly, Calgary saw an increase in the cost of housing.
While taxes are going up everywhere, taxes in many areas are rising faster than those elsewhere.
Cities like Calgary have had explosive growth, and this has put a strain on infrastructure. Roads are overused causing damage and congestion, schools are over crowded and hospitals are worse than 3rd world countries filled with patients, and not enough doctors and nurses.
As a result cities and towns are looking to borrow money to cover costs. Calgary’s mayor said they would consider a one billion dollar loan simply to fix water issues. Borrowing money may fix issues that councils neglected in the past, but it puts a huge burden on the future taxpayers.
Unemployment in Alberta is at 7.3% a 1.3 percent increase since last year. This is the third highest unemployment rate behind newfoundland and PEI.
Rent has increased about 10% more than previous months. Rent is now one of the highest in all of Canada, even in small rural towns.
While international immigrants have decreased by about 1% inter provincial migration is still high up 11% from last year. Most of the migration is coming from British Columbia and Ontario.
According to the latest statistics the average cost of living per person in Calgary is
$3,20.90 per month with a shared apartment or dwelling.
A family of four will need about $5,647.50 plus at least $3000 per month for rent.
By these estimates you will need to make at least: $52,000 to live comfortably as an individual.
A family of of four would need about $133,000 to live comfortably.
What we will find later in this video is that wages are not keeping up with this cost of living.
Alberta is in bad shape, as is the rest of Canada. There is no sugar coating it. But there is some hope depending on your situation.
Alberta does go through boom and bust periods and it appears even though Alberta and Canada seem like an impossible place to live at the moment - there is hope.
There will be an election in the fall of 2025 and it appears the conservative party of Canada is heavily favored. This means that Alberta will not be ignored and its economic drivers, particularly oil and gas will be favored by the conservatives.
The US is the largest producer of oil, however, they need more energy than they can produce and with the Trump administration taking control, they vow to open up the Keystone XL pipeline which will benefit Alberta considerably.
I expect 2025 to be a tough year for most Canadians not excluding Albertans. But there is a lot of demand for some workers in the province. Let’s go through what Albertan employers are looking for: