58
ECONOMIC UPDATE 2018

ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

  • Upload
    others

  • View
    4

  • Download
    0

Embed Size (px)

Citation preview

Page 1: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

ECONOMIC UPDATE2018

Page 2: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

OVERVIEW

• Economic Indicators• Industrial Update• Commercial Update• Business Support

Page 3: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

ECONOMICINDICATORS

Page 4: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

POPULATION

21,000

22,000

23,000

24,000

25,000

26,000

27,000

2014 2015 2016 2017 2018

Population

22,808

24,040 24,569

25,533

26,328

Page 5: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

POPULATION FORECAST

20,000

21,000

22,000

23,000

24,000

25,000

26,000

27,000

2014 2015 2016 2017 2018 2019 Est

Population

22,808

24,040 24,569

25,533

26,328 27,000

Page 6: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

BUILDING PERMIT VALUES

$-

$20,000,000

$40,000,000

$60,000,000

$80,000,000

$100,000,000

$120,000,000

$140,000,000

$160,000,000

2015 2016 2017 2018 YTD

Commercial Industrial Institutional Residential

Page 7: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

REGIONAL AVG. SALE PRICE(Single Family)

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

2018 YTD 2017

Page 8: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

FORT SASK AVG. SALE PRICE(Single Family)

$410,182

$413,900

$423,966

$416,917 $415,460

$400,000

$405,000

$410,000

$415,000

$420,000

$425,000

2014 2015 2016 2017 2018 YTD

Page 9: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

FORT SASK AVG. SALE PRICE(Condo)

$239,263 $238,170

$245,634 $241,983

$224,207

$210,000

$215,000

$220,000

$225,000

$230,000

$235,000

$240,000

$245,000

$250,000

2014 2015 2016 2017 2018 YTD

Page 10: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

FORT SASK AVG. SALE PRICE

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000

2016 2017 2018 (YTD)

Single Family - Detached Single Family - Half Duplux Condo (Lowrise) Condo (Half Duplux)RE/MAX Real Estate

Page 11: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

FORT SASK UNITS SOLD

RE/MAX Real Estate

0

50

100

150

200

250

300

350

2016 2017 2018 (YTD)

Single Family - Detached Single Family - Half Duplux Condo (Lowrise) Condo (Half Duplux)

Page 12: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

AVG. SALE PRICE & UNITS SOLD

RE/MAX Real Estate

0

50

100

150

200

250

300

350

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000

2016 2017 2018 (YTD)

Single Family - Detached Single Family - Half Duplux Condo (Lowrise) Condo (Half Duplux)

Single Family - Detached Single Family - Half Duplux Condo (Lowrise) Condo (Half Duplux)

Page 13: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

HOUSING STARTS

0

50

100

150

200

250

300

2014 2015 2016 2017 2018 YTD

Single Family Semi Detached Row Multi-Family

Page 14: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

STARTS VS. ABSORPTIONS

0

50

100

150

200

250

300

2014 2015 2016 2017 2018 YTD

Single Family Semi Detached Row Single Family Semi Detached Row

Page 15: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

BUSINESS LICENCES

892950

10121078

1133

506

658

468 495 481

18 22 27 50 57

0

200

400

600

800

1000

1200

2014 2015 2016 2017 2018 YTD

Resident Non-Resident Temporary

Page 16: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

INDUSTRIALUPDATE

Page 17: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

COMMERCIALUPDATE

Page 18: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

Convenience Centre

11%

Neighbourhood Centre

33%Powercentre / Big Box37%

Downtown Retail Mixed-Use

19%

RETAIL SUPPLY

1,472,371Total Supply (Sq. Ft)

83,462Vacant (Sq. Ft)

5.7%Vacancy

Page 19: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

HOUSEHOLD SPENDING POWER

$550,000,000Trade Area Retail Spending

$134,000Average Household Income

Page 20: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

COMMERCIAL HIGHLIGHTS

$12,927,969Building Construction Value

115,000 SFBuilt

119,000 SFAbsorbed

Page 21: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

COMMERCIAL DEVELOPMENT(2018)

Shopping Centre Commercial Retail Units

New Building Area (Sq. Ft.)

Status

Southpointe 2 4,375 Under Construction

Southridge Landing 4 13,300 Under Construction

Westpark Centre (South) 7 56,614 Complete

Westpark Centre (North) 12 17,770 Under Construction

Willshire Blvd 10 23,594 Permitting Approved

Total 115,653

Page 22: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

Cannabis Retail

• Fort Station 1,300 SF• Downtown (100 Ave) 1,648 SF • Downtown (102 St) 1,821 SF• Southfort Professional Centre 1,097 SF• Heartland Common 1,154 SF

1,125 SF• Southpointe 2,660 SF• Westpark Centre 1,662 SF• Southridge Landing 1,498 SF

13,965 SF

Page 23: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

DOWNTOWN

Page 24: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

STATION CROSSING

Page 25: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

SQUARE ONE

Page 26: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

EASTGATE PLAZA

Page 27: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

RIVERPOINTE PLAZA

Page 28: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

HEARTLAND COMMON & STARS INN

Page 29: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

SOUTHPOINTE

Page 30: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

TOWN CREST CENTRE

Page 31: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

WESTPARK CENTRE (South)

Page 32: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

WESTPARK CENTRE (North)

Page 33: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

SOUTHRIDGE LANDING

Page 34: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

WILSHIRE BOULEVARD

Page 35: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

STRATEGIC PLAN (2019-22)

STRATEGIC INITIATIVEUpdate the approach to

downtown redevelopment

Page 36: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

WHY DO DOWNTOWNS

MATTER?

Page 37: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

Downtowns are a city’s

FIRST IMPRESSION

Page 38: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached
Page 39: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

Downtowns give cities an

IDENTITY

Page 40: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

Okotoks, AB

Page 41: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

Downtowns are a city’s

THIRD PLACE

Page 42: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached
Page 43: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

Big Box

“We want to provide community space — areas for the community to dwell,”. “We want to provide pedestrian connectivity from our box to the experiential zones that are planned on our footprint. We want augment these experiences and activities to with more food-and-beverage, with health-and-fitness, essential servicesand entertainment.”

- L.B. Johnson,Walmart’s vice president of U.S. realty operations (Oct 2018)

Page 44: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

WHY DOES DOWNTOWN

MATTER?

Page 45: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

INTRODUCTION

Reade BeaudoinI am the newest member of the City’s Economic Development team responsible for business support, expansion and retention.

45

Page 46: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

TODAY’S TOPICS▫ I’m going to Introduce

myself▫ Talk about my Vision for the

role▫ Give a sneak peek into a

few Initiatives I will be working on in 2019

46

Page 47: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

47

Page 48: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

PERSONAL CORE VALUES

▫ Communication▫ Reliability▫ Authenticity

48

Page 49: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

MY JOURNEY TO ECONOMIC DEVELOPMENT

49

Page 50: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

CUSTOMER SERVICE & CUSTOMER EXPERIENCE

Customer ExperienceCustomer experience is the sum of all experiences a customer has with a supplier of goods or services, over the duration of theirrelationship with that supplier.

50

Customer ServiceCustomer service is a series of activities designed to enhance the level of customer satisfaction – that is, the feeling that a product or service has met the customer’s expectation.

Page 51: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

51

Page 52: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

“My vision for this role is to be a dedicated resource for the Business Community who consistently demonstrates a commitment to customer service excellence in the pursuit of maintaining the City of Fort Saskatchewan’s reputation as a favourable business environment which attracts and maintains investment. 52

Page 53: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

HOW ARE WE GOING TO GET THERE?

53

Page 54: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

2019 INITIATIVES

▫ Communication Audit▫ Communication Plan ▫ Investfortsask.ca

54

Page 55: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

COMMUNICATION AUDIT

55

Page 56: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

COMMUNICATION PLAN

56

Strategic Priorities ▫ Increase capacity to communicate with the business community

in meaningful ways ▫ Build awareness about the services the Economic

Development team offers▫ Strengthen the relationship with the Business Community▫ Identify areas in need of improvement and champion

success stories

Page 57: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

COMMUNICATION PLAN

57

Page 58: ECONOMIC UPDATE 2018...OVERVIEW • Economic Indicators • Industrial Update • Commercial Update • Business Support. ECONOMIC ... Condo (Half Duplux) Single Family - Detached

58

THANKS Any questions?You can contact me at▫ [email protected]▫ 780-912-2167