April 2025 - Updated Monthly
FMWB Economic Dashboard
Fort McMurray Wood Buffalo has the energy to power Canada's economy. Gain insight on the local picture with these key indicators.
Canada's energy centre
Oil Sands Production
FMWB has the production capacity and the reserves for decades of reliable energy production.
April 2025 data (2-month lag time)
Average daily production
3.34 million barrels
Wood Buffalo - Cold Lake Labour Force
Workforce Update
April 2025 data
Participation
74.2%
Employment
69.5%
Unemployment
6.3%
An affordable community
Real Estate Market
Sales in May decreased 1.8 percent year over year. May saw a 20 percent increase in new listings, leading to a 6.9 percent decrease in inventory levels year over year. With 459 units in inventory and 109 sales, the months of supply for May rose to 4.21 months, but was down 5.2% year over year. Year-over-year average prices are up 7.8 percent. Prices rose across most property types, rising for semi detached housing (8%) and row (20%) and falling for apartment (-14%) and detached (-2%).
May 2025 data
Year-to-date average residential price
$392,035
Year-over-year change in home sales
-5.2%
Nation-leading affordability
Rental report
Fort McMurray remains a top-ranked market for rental affordability. And while larger centres like Calgary and Edmonton have higher rates, Alberta overall remains well below the national average.
So how affordable is it? Current averages are less than half of the average rate in North Vancouver and Vancouver!
May 2025 report
Average 1BR rent
$1,254
Average 2BR rent
$1,397
Fort McMurray International Airport
Passenger + Flight Info
April 2025 data
Total passengers
28,280
Aircraft movements
3,228
Infrastructure to grow
Traffic Counts
Traffic moves smoothly in FMWB. Ongoing infrastructure investments keep things rolling. The Athabasca River Bridge is a key connector. April stats show little change from 2024 patterns.
April 2025 data
Avg daily vehicles Hwy 63 - Athabasca Bridge
54,480
Welcoming the world
Hotel Occupancy
Fort McMurray saw occupancy and room rates improve slightly in March. Ongoing trade tensions with the United States have decreased cross-border traffic, and could potentially drive new visitors to Canadian destinations like FMWB.
March 2025 data
Average occupancy
46%
