Lacombe AB Directory
Lacombe real estate setting record
pace
There have been few times over the years in
which Lacombe has had the tremendous real
estate growth as it is enjoying now. After
the third quarter of 2006 and the Town of
Lacombe residential permits had surpassed
any other prior real estate building year.
Not only are residentials up, but an influx
of agricultural and industrial business
interests have also staked their claim to
bring more business and jobs to Lacombe.
 Lacombe
Alberta, Real Estate
Lacombe AB Real Estate
Feature Article
Lacombe Realtors - The
Realtors Lacombe
Numbers speak for
themselves
Real estate in Lacombe for the years
2004 and 2005 were quite similar in that
there were 92 residential permits
acquired for an average total of just
over twelve million dollars. In 2004
there was a total of just over 18
million dollars in real estate permits,
and in 2005 approximately 14 million.
However, 2006 will
prove to be the busiest real estate year
in Lacombe ever with over 22 million
dollars allotted to permits by the end
of the third quarter. There is also
another 27 million in commercial and
industrial along with a few churches 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
Lacombe 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
Lacombe 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 Lacombe 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, such as the Residential Airpark
Community District (R-AC), which will
provide for residential users combined with
airport hangers on the same site. The
Lacombe real estate market has all the signs
of continuing on its upward trend for many
years to come.
Lacombe
real estate continued...
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