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Alberta

Alberta going after entrepreneurs and immigrants working as health-care professionals

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Improving the Alberta Advantage Immigration Program

Changes to the Alberta Advantage Immigration Program (AAIP) will make it easier for in-demand workers and entrepreneurs to become permanent residents.

Alberta’s economy has momentum, and Alberta’s government is committed to further growth and diversification so the province remains the economic engine of Canada. In 2022, nearly 50,000 people from around the world chose Alberta as the place to invest, work and raise their families.

AAIP is an economic immigration program that enables Alberta to nominate qualified workers in in-demand sectors for permanent residency. By improving the program, Alberta will be more competitive in attracting skilled newcomers from across the world.

“Alberta is a land of opportunity. In our province, you can find the career you want, take home a strong and regular paycheque, and still spend time with family and friends. Not only do people around the world want to come here, we want them to come here to be a part of our communities and our prosperity, and help Alberta continue to grow and succeed.”

Danielle Smith, Premier

Alberta’s government is making five improvements to the AAIP that will help both businesses and international skilled workers.

Changes to the Rural Entrepreneur and Rural Renewal streams will help Alberta’s rural communities remain vibrant and grow. A lowered investment threshold of $100,000 for the Rural Entrepreneur Stream will will open the door to additional qualified entrepreneurs who wish to establish or purchase an existing business in participating rural Alberta communities. Removing the requirement for a letter from a settlement agency under the Rural Renewal Stream will help rural communities attract, recruit and welcome newcomers based on local needs.

“Bringing more workers needed in the province will be key to continuing to grow Alberta’s economy and meeting our labour shortages. These changes to AAIP show our commitment to making Alberta one of the best places in the world to put down roots, contribute positively to your community and be prosperous.”

Rajan Sawhney, Minister of Trade, Immigration and Multiculturalism

Alberta has the best front-line health care workers in the world and the province will work to have the right supports in place to ensure Albertans get the care they need when and where they need it. A new, dedicated pathway to attract medical professionals to Alberta means that up to 30 per cent of Alberta’s Express Entry Stream allocation in 2023 will be reserved for health-care professionals with an Alberta job offer from a health-care sector employer and who meet the requirements to work in one of the eligible health occupations.

Two more changes will see a new phone line that directly connects AAIP staff members with clients and collaboration with the federal Economic Mobility Pathways Pilot. Participating in this pilot will help refugees with the skills and qualifications needed in Canada to immigrate through existing economic programs.

“These policy changes are aimed squarely at filling needed skills gaps, boosting vibrancy in rural communities, and creating more economic opportunity for refugees. We applaud these moves to enhance economic immigration in a way that is responsive to specific provincial needs.”

Adam Legge, president, Business Council of Alberta

“From HV Global Immigration, we would like to thank Minister Rajan Sawhney for listening and proactively implementing reasonable changes to the AAIP. Apart from the other improvements, change in minimum investment at AAIP’s Rural Entrepreneur Stream would definitely help new and prospective immigrants to qualify for this program. This change will generate more revenue and create jobs for Albertans. Last, but not least, the new information phone line is going to be a big relief. Thanks once again Minister Sawhney for your hard work and listening to our ideas and solutions.”

Vivek Mahajan, co-founder & CEO, HV Global Immigration Ltd.

Quick facts

  • Alberta currently has about 100,000 job openings across the province.
  • Alberta is forecasting a cumulative job shortage of 33,100 workers by 2025 across several occupations, skill levels and sectors (source: Alberta’s Occupational Outlook, 2021-2030).
  • Immigration, Refugees and Citizenship Canada sets AAIP’s annual nomination limits.
    • Alberta recently received an increase in nominations:
      • 9,750 nominations in 2023
      • 10,140 nominations in 2024 (estimated)
      • 10,849 nominations in 2025 estimated)

Alberta

Low oil prices could have big consequences for Alberta’s finances

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From the Fraser Institute

By Tegan Hill

Amid the tariff war, the price of West Texas Intermediate oil—a common benchmark—recently dropped below US$60 per barrel. Given every $1 drop in oil prices is an estimated $750 million hit to provincial revenues, if oil prices remain low for long, there could be big implications for Alberta’s budget.

The Smith government already projects a $5.2 billion budget deficit in 2025/26 with continued deficits over the following two years. This year’s deficit is based on oil prices averaging US$68.00 per barrel. While the budget does include a $4 billion “contingency” for unforeseen events, given the economic and fiscal impact of Trump’s tariffs, it could quickly be eaten up.

Budget deficits come with costs for Albertans, who will already pay a projected $600 each in provincial government debt interest in 2025/26. That’s money that could have gone towards health care and education, or even tax relief.

Unfortunately, this is all part of the resource revenue rollercoaster that’s are all too familiar to Albertans.

Resource revenue (including oil and gas royalties) is inherently volatile. In the last 10 years alone, it has been as high as $25.2 billion in 2022/23 and as low as $2.8 billion in 2015/16. The provincial government typically enjoys budget surpluses—and increases government spending—when oil prices and resource revenue is relatively high, but is thrown into deficits when resource revenues inevitably fall.

Fortunately, the Smith government can mitigate this volatility.

The key is limiting the level of resource revenue included in the budget to a set stable amount. Any resource revenue above that stable amount is automatically saved in a rainy-day fund to be withdrawn to maintain that stable amount in the budget during years of relatively low resource revenue. The logic is simple: save during the good times so you can weather the storm during bad times.

Indeed, if the Smith government had created a rainy-day account in 2023, for example, it could have already built up a sizeable fund to help stabilize the budget when resource revenue declines. While the Smith government has deposited some money in the Heritage Fund in recent years, it has not created a dedicated rainy-day account or introduced a similar mechanism to help stabilize provincial finances.

Limiting the amount of resource revenue in the budget, particularly during times of relatively high resource revenue, also tempers demand for higher spending, which is only fiscally sustainable with permanently high resource revenues. In other words, if the government creates a rainy-day account, spending would become more closely align with stable ongoing levels of revenue.

And it’s not too late. To end the boom-bust cycle and finally help stabilize provincial finances, the Smith government should create a rainy-day account.

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Alberta

Governments in Alberta should spur homebuilding amid population explosion

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From the Fraser Institute

By Tegan Hill and Austin Thompson

In 2024, construction started on 47,827 housing units—the most since 48,336 units in 2007 when population growth was less than half of what it was in 2024.

Alberta has long been viewed as an oasis in Canada’s overheated housing market—a refuge for Canadians priced out of high-cost centres such as Vancouver and Toronto. But the oasis is starting to dry up. House prices and rents in the province have spiked by about one-third since the start of the pandemic. According to a recent Maru poll, more than 70 per cent of Calgarians and Edmontonians doubt they will ever be able to afford a home in their city. Which raises the question: how much longer can this go on?

Alberta’s housing affordability problem reflects a simple reality—not enough homes have been built to accommodate the province’s growing population. The result? More Albertans competing for the same homes and rental units, pushing prices higher.

Population growth has always been volatile in Alberta, but the recent surge, fuelled by record levels of immigration, is unprecedented. Alberta has set new population growth records every year since 2022, culminating in the largest-ever increase of 186,704 new residents in 2024—nearly 70 per cent more than the largest pre-pandemic increase in 2013.

Homebuilding has increased, but not enough to keep pace with the rise in population. In 2024, construction started on 47,827 housing units—the most since 48,336 units in 2007 when population growth was less than half of what it was in 2024.

Moreover, from 1972 to 2019, Alberta added 2.1 new residents (on average) for every housing unit started compared to 3.9 new residents for every housing unit started in 2024. Put differently, today nearly twice as many new residents are potentially competing for each new home compared to historical norms.

While Alberta attracts more Canadians from other provinces than any other province, federal immigration and residency policies drive Alberta’s population growth. So while the provincial government has little control over its population growth, provincial and municipal governments can affect the pace of homebuilding.

For example, recent provincial amendments to the city charters in Calgary and Edmonton have helped standardize building codes, which should minimize cost and complexity for builders who operate across different jurisdictions. Municipal zoning reforms in CalgaryEdmonton and Red Deer have made it easier to build higher-density housing, and Lethbridge and Medicine Hat may soon follow suit. These changes should make it easier and faster to build homes, helping Alberta maintain some of the least restrictive building rules and quickest approval timelines in Canada.

There is, however, room for improvement. Policymakers at both the provincial and municipal level should streamline rules for building, reduce regulatory uncertainty and development costs, and shorten timelines for permit approvals. Calgary, for instance, imposes fees on developers to fund a wide array of public infrastructure—including roads, sewers, libraries, even buses—while Edmonton currently only imposes fees to fund the construction of new firehalls.

It’s difficult to say how long Alberta’s housing affordability woes will endure, but the situation is unlikely to improve unless homebuilding increases, spurred by government policies that facilitate more development.

Tegan Hill

Director, Alberta Policy, Fraser Institute

Austin Thompson

Senior Policy Analyst, Fraser Institute
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