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Rocky AB Directory
Rocky real estate setting record
pace
There have been few times over the years in
which Rocky has had the tremendous real
estate growth as it is enjoying now. The
major economic base of the region is oil and
gas, forestry, tourism and agriculture.
Major Employers for the Area Sunpine Forest
Products Pidherney's Construction Keyera
Resources Husky Oil Co-op WildRose School
Division David Thompson Health Region.
 Rocky
Alberta, Real Estate
Rocky AB Real Estate
Feature Article
Rocky Realtors - The
Realtors Rocky
Numbers speak for
themselves
| Building Permits
Value, Commercial |
$13,773,000 |
$1,755,000 |
$2,717,000 |
$4,230,000 |
$9,929,000 |
| Building Permits
Value, Industrial |
$364,000 |
$470,000 |
$930,000 |
$83,000 |
$195,000 |
| Building Permits
Value, Institutional |
$410,000 |
$7,952,000 |
$19,084,000 |
$2,215,000 |
$778,000 |
| Building Permits
Value, Residential |
$5,713,000 |
$4,091,000 |
$7,007,000 |
$7,275,000 |
$8,398,000 |
| Building Permits
Value, Total |
$20,260,000 |
$14,268,000 |
$29,738,000 |
$13,803,000 |
$19,300,000 |
| Total Housing
Starts |
51 |
30 |
62 |
50 |
52 |
|
Source: Statistics Canada
2000-2004 Building Permits
(numbers may not add up due to
rounding) |
However, 2006 will
prove to be one the busiest real estate years
in Rocky ever with millions of dollars
allotted to permits by the end of the
third quarter. There is also another
large investment in commercial and
industrial along with a few specialty and
renovation projects.
AB Review In Depth: Alberta
Oil Industry keeping trend
Construction of oil sands industry projects
and related oil business is a major driver
behind the current level of economic
activity and the real estate growth in
Rocky and most parts of Alberta. Oil & gas
and oil sands projects account for almost
69% of the value of all major projects
listed by Alberta Economic Development [AED]
in the Inventory of Alberta Major Projects.
During the operational phases of these
projects - most will have life spans of 30
years or more - they will contribute to the
economic well being and real estate of
Rocky through long-term employment
creation, purchases of goods and services,
and payment of taxes and royalties.
No signs of slowing
Real estate will continue on its upward
trend in Rocky from rapid growth of the
community due to strong economic stability
and new business interests for the area. The
oil industry is not the only source of
economy as new meat packing plants,
agricultural and other ventures continue to
offer residents the ability to enjoy a
healthy lifestyle, raise their families, and
be confident in a sound real estate area.
There are even specialty
real estate ventures that are taking place
which wouldn’t have otherwise happened in
the past. The Rocky real estate market has all the signs
of continuing on its upward trend for many
years to come.
Rocky
real estate continued...
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