August 2024 - 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.
Fort McMurray Wood Buffalo remains a buyer’s market for homes, with rental prices remaining among the lowest among major Canadian markets as well. Coupled with our region’s strong wages these are compelling statistics to attract newcomers into our communities.
Jessica Pilgrim | Business + Investment Attraction
Canada's energy centre
Oil Sands Production
The opening of the Trans Mountain Pipeline expansion unlocked production gains for the region.
June avg daily production
3.9 million barrels
Year-over-year change
7.6%
Wood Buffalo - Cold Lake Labour Force
Workforce Update
Regional employment statistics continue to highlight the region's strength. FMWB has one of the highest participation rates in the country. July 2024 data
Participation
73.8%
Employment
69.7%
Unemployment
5.5%
An affordable community
Real Estate Market
Home prices are stable but remain lower than boom periods. July 2024 data
Year-to-date average house price
$355,693
Year-over-year increase in home sales
14%
Bucking the national trend
Rental report
Fort McMurray is the second most affordable major market in Canada. Average rents are hundreds of dollars less per month than other key markets in the most recent report. July 2024 data
Average one bedroom
$1249
Average two bedroom
$1426
Fort McMurray International Airport
Passenger + Flight Highlights
YMM continues to make gains in passenger growth since 2020. July 2024 data
July total passengers
32,872
July aircraft movements
5,987
Infrastructure to grow
Traffic Counts
Highway 63 is a high-quality twinned route and the region's principal roadway. This vehicle count is for northbound and southbound traffic in control section 10, immediately south of Fort McMurray.
Average daily vehicles
8,232
Welcoming the world
Hotel Occupancy
Occupancy rates have varied across Alberta's markets this year. Fort McMurray has made gains in its average daily rate but is softer in average occupancy among local hotels on a year-over-year basis.
June average occupancy
54%
updated monthly
August Economic Dashboard
Get a clearer picture of how strong Fort McMurray Wood Buffalo is. Download and share the monthly economic dashboard.
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