Spruce Grove: The Community of Choice

Highlights on why SPRUCE GROVE

• Business investment continues to be strong as the number of businesses operating in Spruce Grove is higher than it has been in the past six years. As of May 31, 2004 there are more than 1,390 business in operation.
• The City has experienced in excess of 20% growth in the past seven years at a rate of 13.17% since the federal census in 1996, compared with Edmonton’s average of 10.62% during the same period.
• Spruce Grove is one of the larger cities in the Parkland region. With a population expected to reach 20,000 by 2008, currently the population is over 18,000 residents.
• The Spruce Grove Market area extends in a wide band of territory around Highway 16 from the boundary of the City of Edmonton in the east to as far west as the Towns of Hinton, Edson, Drayton Valley and Whitecourt. Approximately 99,975 people live in this territory with an estimated 67,000 of the total market area population regular customers of Spruce Grove’s service industry.
• Spruce Grove continues to see an increase in both residential and commercial development, since January of 2005 the community has experienced over $88,000,000 in new construction since 2004.
• The local job market remains very strong in the Spruce Grove area with 74% of the population employed.
• Rents in the Spruce Grove area are much higher than other locations in the Parkland region. The average rent for a two bedroom apartment rose to $734 in 2004 from $722 the year before.