Welcome to Cold Lake's Advantages Cold Lake is blessed with an abundance of natural advantages, which have formed the foundation of our city’s thriving economy. The Cold Lake government has built on this by engineering an economic plan that ensures a positive business climate exists in our city. A climate that encourages investment, creates diversity, and empowers Cold Lake’s businesses to successfully compete. The result is one of Alberta’s most vibrant and competitive economies.
Cold Lake, located 287 km ( 180 miles) northeast of Edmonton, Alberta’s 15th city with a population of over 12, 000 is home to Canada’s largest Air Force Base, an ever expanding oil industry, an active and growing retail trade and year-round tourism.
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 Incorporated in 1996 through the amalgamation of the towns of Grand Centre, Cold Lake and Canadian Forces Base 4 Wing, Cold Lake became a city October 1, 2000. Stability, diversity and potential are the best way to describe Cold Lake’s economic future. From 1986 to 2001 Cold Lake’s population has grown by 23 % and continues to grow. The significant growth can be attributed to a strong and broad economic base. The energetic and busy city supports over 750 licensed businesses which are anchored by a progressive and pro-active Regional Chamber of commerce and Business Revitalization zone. The Tri-City Mall opened April 1997, Wal-Mart in 2001, making Cold Lake the commercial center of northeastern Alberta. The local trading area is 30,000 people with a greater regional trading area of approximately 50,000. The city’s planning/development department is very active. Many residential sub-divisions are underway including several rural acreage subdivisions. New construction is booming as is the re-sale housing market. Cold Lake’s growth potential and economic future looks prosperous. The young demographics of Cold Lake create an excellent environment to raise a family. Low crime rates, quality community recreational facilities and many educational options contribute to making the community a very desirable location.
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One of the most beautiful parts of Cold Lake is the Lake itself. The lake is the 7th largest in the province of Alberta. It is 22 km 13.6 miles wide and 27 km 13.6 miles long with an area of 370 km2. The 100 m depths are home to some prize fish. The lake is frozen for 5 months of the year. The tackle shop at the marina boasts a sheet showing break up dates for the past 50 years. The Cold Lake Marina is the largest of its size in western Canada supporting 255 berths. It has been chosen by the city of Edmonton to host the sailing competition for the 2008 summer Olympic Games bid. Cold Lake is a wonderful place to live, work and play. Whether permanently or just for a few years, the Cold Lake experience offers services and amenities that will enrich you and your family.
4 Wing Cold Lake is the largest fighter base in Canada. It includes two CF-18 operational tactical fighter squadrons, one tactical fighter operational training squadron and a number of others support squadrons. 4 Wing is the largest employer in the cold Lake area with approximately 2000 military members and 250 civilians. Base personal and their families comprise approximately 40 % of the local population. For more than 30 years, air forces from around the world have participated in a six week NATO exercise called Maple Flag. Cold Lakes population increases by a staggering 5000 during this time. For complete 4 Wing information and amenities, check out the official 4 Wing web site.
In the 1920’s bitumen deposits in Cold Lake were discovered. It wasn’t until the early 60’s that the huge potential of the Cold Lake oil-sands deposit became known. By the late 70’s Imperial Oil had developed its ability to recover the deposits to the point where commercial production was feasible. Cold Lake is Imperial Oils largest producing asset, accounting for more than 50 percent of the company liquid production and the second largest single source of crude oil production in Canada. Their leases cover approximately 780 square kilometers of oil sands at Cold Lake. It currently operates ten phases of commercial bitumen production and is working on a three phase expansion. Imperials total investment to date in the Cold Lake commercial project is about one billion. An additional $260 million has been invested in technology and pilot projects.
Additional Web Sites to Visit are… Find Out More About the Cold Lake Area Economy & Job Market Request my Free Cold Lake Relocation Package. It's packed full of useful and important information about the Cold Lake, Alberta area. Don't move here without it! Remember: I'll send it to you for free and without obligation. Just fill out the form and I will send it right out... Want the inside scoop on the local economy? It's my job to know! Ask me any question. Or request my FREE Cold Lake relocation package. I promise to get back to you quickly...
Working With An Agent >Listening To Your Needs
Some buyers purchase the exact kind of house they said they were looking for, in the neighborhood they preferred. Other buyers surprise us by falling in love with a house that is the complete opposite of what they originally wanted.
Real estate agents listen carefully when buyers describe their needs and preferences. We screen our current inventory of homes to come up with possible matches. Since there is almost always some compromise involved when selecting a home, we may suggest alternatives that might work for buyers.
If you like a specific neighborhood where there are no homes in your price range, we may suggest homes in other areas with similar amenities. If you want four bedrooms, and one of them will be used as a home office, we may look for a den or family room that could serve your needs. When you look at houses, remember that your feedback is important to us--and it won't hurt our feelings.
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What price range is considered upscale or high-end in residential real estate?
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The price range varies depending on the local market, but upscale homes are in the top 10% of an MLS area's annual home sales. |
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