ECONOMIC UPDATE

2017

OVERVIEW

• Economic Indicators• Industrial Update• Real Estate Overview• Commercial Update• Department Services

19,000

20,000

21,000

22,000

23,000

24,000

25,000

26,000

2013 2014 2015 2016 2017 2018

21,795

22,808

24,040

24,569

25,533

Population2017 Municipal Census

2017 Municipal Census

0

5,000

10,000

15,000

20,000

25,000

30,000

2013 2014 2015 2016 2017 2018 (EST)

21,79522,808

24,040 24,56925,533

26,500

Projected Population

31.0%

30.2%

26.8%

23.4%

14.9%

14.8%

14.2%

13.9%

6.7%

6.0%

BEAUMONT

SPRUCE GROVE

FORT SASK

CITY OF LEDUC

MORINVILLE

EDMONTON

STONY PLAIN

EDMONTON CMA

ST. ALBERT

STRATHCONA COUNTY

POPULATION INCREASE 2011- 2016Statistics Canada (2017)

Fort Saskatchewan Residents

34.42016 Median Age

30,000Projected Population

by 2021

$131,917Average Household

Income

7.4%Unemployment Rate

Statistics Canada (2017)Cushing Terrell (2016)

Statistics Canada (2017)

$-

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

Fort Sask Edmonton CMA Alberta Canada

$131,917

$121,620 $125,522

$92,765

Average Household Income

Statistics Canada (2017)

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

Fort Sask EdmontonCMA

EdmontonCity

Calgary Alberta Canada NameWithheld

7.4%

8.5% 8.8%9.5%

9.0%

7.7%

13.3%

Unemployment Rate

Statistics Canada (2017)

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

Fort Sask EdmontonCMA

EdmontonCity

Calgary Alberta Canada NameWithheld

68.5%65.8% 65.5% 66.2% 65.4%

60.2%

49.1%

Employment Rate

Statistics Canada (2017)

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

Fort Sask EdmontonCMA

EdmontonCity

Calgary Alberta Canada NameWithheld

73.9%71.9% 71.8% 73.1% 71.8%

65.2%

56.5%

Participation Rate

Fort Saskatchewan 2017

0

200

400

600

800

1000

1200

2013 2014 2015 2016 2017

Business Licences

Non-Resident Resident

0

50,000,000

100,000,000

150,000,000

200,000,000

250,000,000

2014 2015 2016 2017 YTD

Development Permit Values

Commercial Industrial Institutional

Fort Saskatchewan 2017

INDUSTRIAL

REALESTATE

$390,259

$410,702 $410,182 $413,900

$423,966

$416,917.00

$370,000

$380,000

$390,000

$400,000

$410,000

$420,000

$430,000

2012 2013 2014 2015 2016 2017

Average Price

Single Family Detached

YTD

EREB (OCT 2017)

Single Family – Regional Comparison

EREB (OCT 2017)

$470,549 $458,828 $450,586

$438,760 $434,079 $416,917

$391,906 $378,632

$335,284 $328,837 $325,844 $314,419

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000

$500,000 Average Price

2016 2017

$209,046

$214,937

$239,263 $238,170

$245,634 $241,983.00

$190,000

$200,000

$210,000

$220,000

$230,000

$240,000

$250,000

2012 2013 2014 2015 2016 2017

Condo Price

Condominium

YTD

EREB (OCT 2017)

Starts

223

265

160

82 8574

132152

112

5859 51

87

244

142

0

96

48

0

498

448

495

266

147

0

50

100

150

200

250

300

350

400

450

500

2013 2014 2015 2016 2017

Single Semi-Detached Row Apartment AllCMHC (OCT 2017)

Rental Market

2016 2017 YOY Change

Vacancy rate 8.9% 12.8% 34.8%

Average Rent $1,225 $1,188 -3%

# of Rental Units 1,497 1,545 3.2%

CMHC (OCT 2017)

COMMERCIALDEVELOPMENT

New Commercial DevelopmentShopping Centre New Building Area

(Sq. Ft.)Gross Building Area

(Sq. Ft.)Status

Heartland Square 6,000 6,000 Under Construction

Southpointe Commercial 41,000 237,74 Under Construction

Southridge Landing 11,079 59,000 Complete

Town Crest Centre 20,143 20,143 Complete

Westpark Centre 50,230 164,780 Under Construction

Total 128,452

Apartments(2018/2019)

Multi-Family / Townhomes(under construction

Seniors Residences(2018/2019)

FORT STATION

STATION SQUARE

888 Asian

MarketCity Donair& Kabab

Store for Everyone

DOWNTOWN

Kinny`sSweat Retreat

Fort Saskatchewan Tailors

Restaurant RecognitionTHE DOWNTOWN DINNER GLORIA’S SOUP SPOT

EASTGATE PLAZA

PHO HOAN PASTEUR

FORT MED FORT WALK-INCLINIC

HEARTLAND COMMON

HEARTLAND SQUARE

TOWN CREST CENTRE

TOWN CREST CENTRESOUTHPOINTE

SOUTHRIDGE LANDING

Spring 2018

WESTPARK CENTRE

DEPARTMENTSERVICES

STARTING A BUSINESS• Business Planning• Location • Permits & Licencing• Grants & Program• Business Start-up Checklist

fortsask.ca/business

BUSINESS SUPPORT PROGRAM• Small Business Education Grant

$500

• Small Business Marketing Grant

$2,500

• Small Business Equipment &Technology Grant

up to $5,000

• Storefront Improvement Grant

up to $10,000

• Commercial Infill Grant

up to $25,00fortsask.ca/business

• Export Development• Partnership with Government of Alberta• Funding available up to 50%• City can provide assistance

• Business Licencing• Procurement, export opportunities• Business Directory• Local data

• Training • Partnership with Chamber of

Commerce

BUSINESS SUPPORT

fortsask.ca/business