Cold Lake's Advantages
Cold Lake is blessed with an abundance of natural advantages that 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 the continued existence of a positive business climate 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.
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 the city's population has grown by 23 % and continues to expand. This significant growth can be attributed to a strong and broad economic base.
The energetic and busy city supports over 750 licensed businesses that 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 has a population of about 30,000 while the greater regional trading area comprises approximately 50,000.
The planning and development department of Cold Lake is very active. Many residential sub-divisions are underway that include 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.
One of the most beautiful parts of Cold Lake is the lake itself. It 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 you plan to settle permanently or enjoy a few years here, the Cold Lake experience offers services and amenities that will enrich you and your family.
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