Alberta, Canada is home to more than 4.3 million people. It is one of Canada’s ten provinces and it borders the state of Montana to the north.
Alberta is known for being rich in natural resources while having some of the most beautiful scenery in Canada.
Alberta got its name from Queen Victoria’s fourth daughter, Alberta. The official language is English, but it wouldn’t be very hard to find people that also speak French.
It is also home to much of Canada’s crude oil and agriculture. So, with all those abundant natural resources, what is the richest city in Alberta?
Leduc is currently the richest city in Alberta. There are many businesses based here, which has led to a thriving economy.
Unemployment rates are low, GDP is high, and family incomes are also extremely high.
Table of Contents
- The Richest City in Alberta
- The Geography of Leduc, Alberta
- How Safe is it to Live in Leduc, Alberta?
- Real Estate Value in Leduc, Alberta
- Lifestyle and Amenities in Leduc, Alberta
- Commute and Leisure Activities in Leduc, Alberta
- Culture and Arts in Leduc
- How is Leduc’s School System Rated?
- The Prominence of Leduc’s Oil Industry
- How Does Leduc Plan to Survive After Oil Mining?
- The History of Leduc, Alberta
- Leduc is an attractive place to live
The Richest City in Alberta
As the richest city in Alberta, Leduc’s economy thrives off the oil and gas industry. The Leduc business park in the northern part of the city contains over 1,400 businesses ranging from crude oil to manufacturing.
It is also uniquely positioned along railroad routes, which makes it easy to move goods in and out.
The average household net worth is a staggering $1.2M, which is incredibly higher than the national average for Canada.
Unemployment was 9.3% when last measured in 2016 and it is home to over 15,000 Canadians.
Leduc wasn’t always the richest city in Alberta, but that all changed in 1947. When oil was first discovered in Leduc, it was quickly used as a tool to boost the economy.
This discovery caused a spike in the population and oil continues to be their biggest industry to this day.
Leduc is home to some of Canada’s most beautiful geography. Lakes and ponds, mountains, rivers, and many parks are what you can expect in Leduc.
While there are many lakes, Telford Lake is by far the biggest in Leduc. It hosts many events all year, such as boat races, and also has a trail going around the lake.
While Leduc is one of the richest cities in all of Canada, it isn’t the safest. Crime rates are 39% higher than the national average in Canada.
Living in Leduc means you have a 1 in 18 chance of being a victim of a violent crime.
Violent crimes are also 9% higher than the national average. These numbers may seem bad, but compared to the rest of Canada, Leduc is safer than 43% of all cities.
When purchasing a new home, one of the most important things to consider is the price of your home and the area you wish to live in.
Many factors will go into this decision, but Leduc seems to tick all the boxes.
Being a suburb of one of Canada’s largest cities means you can expect to find beautiful homes, but at a cost.
The average single-family home costs just over $450K and can cost up to a couple of million dollars.
For many families, the move here and the cost of a home are worth it. There are many job opportunities, amenities close by, and great schools.
Finding a new place to live isn’t too hard. The real estate market is on the rise as families continue to make the move here.
Lifestyle and Amenities in Leduc, Alberta
Many refer to Leduc as a beautiful place to call home, and the statistics back this up. Leduc has a humid climate, the summers are long, and the winters are snowy, windy, and very cold.
There are many sights to see, activities, parks, and amenities. Living in Leduc means you are only a short drive from the best amenities the city has to offer.
Your options are endless for places to shop and eat.
There is a Walmart Supercenter, Canadian Brewhouse, and Harvey’s and if you’re feeling adventurous, you can take a trip to the Premium Outlet Collection Mall.
This mall has over 100 retail stores and covers 480,000 square miles.
Many commuter roads pass through Leduc, making it a convenient place to reside. The QE2 connects to Anthony Henday, making it easy to travel around Edmonton.
Edmonton has a population of almost 1 million people and provides a great city experience.
The Leduc Recreation Center provides 309,000 square miles of multi-use operations, such as hockey rinks, pools, and fitness centers for people of all ages.
This is one of the greatest attractions in the city and provides residents with so many leisure options.
You’ll have access to various parks and green spaces if you live in Leduc. Living in a neighborhood like Meadowview provides you with a wealth of opportunities to enjoy pet parks, hiking trails, and neighborhood play areas that appeal to people of all ages.
The beautiful Telford Lake, where you can go boating and bird viewing, is one of the most popular outdoor recreation locations.)
Leduc is near The Maclab Centre for the Performing Arts, which features a 460-seat theatre. Meanwhile, the recreation center there opened its doors in the fall of 2009.
To name just a few amenities, in this 28.700 m2 complex, there are three massive coliseums, an aquatic center with eight-sheet meandering lanes, and two multi-purpose field houses.
There’s also a fitness center with a 9000 sq/ft area and a four-lane running track.
William F. Lede Park sits just across the street from the LRC. The 200-acre park is home to a wide range of facilities, including community gardens, two U-12 soccer fields, twin rugby fields, a 40-acre off-leash dog park, and a soccer pitch.
It also hosts beach volleyball courts, seven baseball diamonds, and entry to eight kilometers of multi-way trails that meander around Telford Lake.
The Leduc Boat Club, which created Telford Lake to accommodate paddling sports in 2004 in preparation for the 2005 World Masters Games, is just next door to the rugby house.
Being a parent, it’s only natural for you to want the best for your children. This includes wanting the top level of education for your child.
Therefore, it’s vital to do your research before moving. If you’re planning to move to Leduc, Alberta, you’re in luck.
They offer great schools, and your child is going to be in excellent hands. There are 16 public schools in Leduc with an average rating of B-, which is above average.
After school, you can feel free to take your kids to the park, the lake, or the Rec Center. The possibilities are endless, and this is overall a happy place for families.
If you were to ask someone what they knew about Leduc, their first answer would probably have to do with oil.
After all, Leduc was just another small town before they finally discovered oil and gas.
Not only did this discovery boost the economy of Leduc, but it also boosted the economy of Alberta.
In 1947, over 500 people showed up in Leduc to see the first oil rig in action for the first time. After that day, the citizens of Leduc knew they struck gold and the rest is history.
Today, Leduc contains some of the most important businesses producing oil with an easy flow of traffic.
While the oil industry continues to be their most important economy, the shift to a more sustainable avenue for income still looms.
As the search for more sustainable energy continues, the need for oil and natural gas will begin to decrease.
Oil isn’t unlimited, and when a digging site dries up, they have to move to a new site and start the process all over again.
This is a very expensive process that can take years to complete and has been proven to be bad for the environment.
Instead, Leduc has chosen to invest in clean and renewable energy, advanced manufacturing, and logistics.
These are all sectors that can produce a lot of revenue for the city as well as for sustainability.
This is a future-proof strategy that will ensure the city of Leduc will continue to thrive after its oil reserves are depleted.
The Leduc Public Library has a long and illustrious past. It was founded in 1912 and then again in 1946, and it has assumed several shapes throughout the years, including running from an abandoned streetcar at one point.
It now has over 7,500 members and over a thousand annual programs, ranging from book clubs to Pokémon meetings, and is located in its own state-of-the-art 18,000 square foot structure.
The Stageworks Academy for the Performing Arts and the Leduc Drama Society, as well as special guest speakers and musical groups, play year-round in this 460-seat theatre.
Leduc is also home to several museums and historical places. The Dr. Woods House Museum is a well-preserved 1920s craftsman-style residence built by one of the area’s earliest doctors.
It has a fully renovated medical wing as well as antique furnishings. You can also learn about Leduc’s rich agricultural past by heading over to the Cultural Village.
Along with the historic Stone Barn, you’ll come across the original farmhouse, gardens and even a milking shed.
If you like it, you might also like the Heritage Grain.
Several trade routes are found near Leduc due to its proximity to the CANAMEX trade corridor, and these transportation routes or links have played a major role in the petrochemical activities and industry of Alberta’s Industrial Heartland and other economic hubs.
This feature has created many job prospects in Leduc, and as a result, people are flocking to the city at a quick pace.
Because of its 1,400 firms, Leduc Business Park plays an important role in the city’s thriving economy.
It is a source of appeal for migrants who wish to invest and profit from their businesses. The Nisku Industrial Park, which has approximately 400 enterprises and 6000 employees, is another key location.
As a result, it is the location with the most employers. These features, such as a high employment rate and reasonable pricing, lure people to Leduc, and they aim to relocate there.
People are flocking here because of the abundance of conveniences and recreational opportunities, as well as the excellent level of living.
The oil and gas business is also the backbone of Leduc’s economy, and it is attracting people who are looking for work.