Lloydminster Real Estate Listings and Information

Lloydminster

Straddling the border of Alberta and Saskatchewan, the city of Lloydminster is a vibrant business centre. Lloydminster is home to 27,800 residents, and our story began near the turn of the 20th century when British immigrants chose to call this area home. Today Lloydminster is a noted as a regional centre in both the agriculture, and oil sectors. Lloydminster Mayor Jeff Mulligan says, ”We have a catchment area approaching 125,000 which is largely created by the fact that we are 230 kilometers away from two major commercial centres of Alberta and Saskatchewan – Edmonton and Saskatoon.” The proximity has helped turn Lloydminster into a service centre for municipalities, villages and towns within a 125 km radius.

Currently Lloydminster is the only city in Saskatchewan or Alberta that operates with its own charter, and functions under both the Cities Act (Saskatchewan) and the Municipal Government Act (Alberta). The border city operates with one city hall, and is licensed to do business in both provinces.

Being part of Canada’s two strongest provincial economies does offer great opportunity for business and lifestyle in Lloydminster.

  • Ranked #2 Canadian Entrepreneurial City by the Canadian Federation of Independent Business
  • 47.6% of Lloydminster population is under 30 years of age.
  • Exempt from Saskatchewan’s Provincial Sales Tax (PST)
  • Lloydminster is currently experiencing a development boom; Construction values in 2011 = $180,400,00.00 which is a 38% increase from the previous year. It was the largest construction value recorded in the history of the City of Lloydminster. In a matter of 3 years (2006-2011), Lloydminster has seen a 74.9% increase in construction value numbers.
  • Located half way between Saskatoon and Edmonton on the TransCanada Yellowhead Highway
  • The domestic Centre of Husky Energy’s Canadian operations, including:
  • Lloydminster Heavy Oil Upgrader (82,000 barrels per day)
  • Asphalt Refinery (28,000 barrels per day)
  • Ethanol Plant (130 million litres per year)

The future of Lloydminster is bright, and includes a new Municipal Development Plan to provide the vision, parameters, boundaries and direction to meet our goals. Mulligan adds, ”I believe the next 5 years Lloydminster will emerge as a more profound service centre for the region, with stronger strategic partnerships with nearby towns and cities. We want to be a centre for innovation, and we want to achieve this by engaging the public and demonstrate accountability as expected by our government.”

Quick Facts from April 2012:

City Population

27,840

Population growth since 2002

32.5%

Population within commuting distance (1 hour)

165,000

Average lease rate, Office ($/square foot)

$11

Average rate, Retail ($/square foot)

$25

Cost of serviced industrial land ($/acre)

$200,000

Median Household income ($)

$107,132

Property tax for business (mill rate)

11.903

Business Tax

No business tax

Wait time for development permits (days)

2 weeks for Commercial; 2-3 days for residential

Largest employer (with number of employees)

Husky Energy with 800 employees

Distance from city center to nearest airport

8.8kms

Construction values in 2011 (approx.)

$180,400,000

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