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Recovery Task Force – Economy Pillar Progress Updates

Reinvigorate economic activities.

The information presented below provides an overview of trends related to real estate, employment and unemployment, and oil production. Information is also provided regarding phase 1, 2 and 3 of the Canadian Red Cross support to small business and other small business support initiatives.

Statistics Canada has more information regarding the Fort McMurray 2016 Wildfire Economic impact.

Sales by Housing Type (2015)

Current Status of Parks Facilities

Source: Fort McMurray Real Estate Board. Update frequency: As progress is complete. Last update: Feb. 22, 2017.

Sales by Housing Type (2016)

Current Status of Parks Facilities

Source: Fort McMurray Real Estate Board. Update frequency: As progress is complete. Last update: Feb. 15, 2017.

Monthly House Sales for 2015 to 2017

Current Status of Parks Facilities

Source: Fort McMurray Real Estate Board. Update frequency: As progress is complete. Last update: June 1, 2017.

Average Single Family Detached Sale Price

Current Status of Parks Facilities

Source: Fort McMurray Real Estate Board. Update frequency: As progress is complete. Last update: June 1, 2017.

Employment (3-month moving average, unadjusted for seasonality)

Employment

Source: GOA, Statistics Canada. Update frequency: As progress is complete. Last update: July 1, 2017.

Unemployment (3-month moving average, unadjusted for seasonality)

Unemployment

Source: GOA, Statistics Canada. Update frequency: As progress is complete. Last update: July 1, 2017.

Oil Production (Alberta)

Oil Production

Source: GOA, Statistics Canada. Update frequency: As progress is complete. Last update: July 1, 2017.

Canadian Red Cross Support to Small Business

Program Phase 1

Emergency financial assistance of $1,000 was provided to each eligible business owner who registered through the Wood Buffalo Business Recovery Hotline. This phase concluded on Aug. 12, 2016. A total of $3.296 million was distributed to businesses during phase 1.

Program Phase 2

The purpose of this second phase of assistance was to provide financial assistance of up to $8,000 for each eligible business to support fixed and new expenses resulting from interrupted business operations caused by the wildfire. The amount of financial assistance provided to eligible businesses was based on need, as determined through the application process. The application period for this phase concluded on Jan. 31, 2017. 

Total Disbursements to Date: $13,889,330
Total Eligible Applicants Paid Out: 2,018
Average Disbursement per Eligible Applicant: $6,883

Program Phase 3

Phase 3 is open to all small businesses that applied for and received assistance in Phase 2. As such, organizations will automatically be assessed for this third phase. No additional information is required from applicants. 

Eligible businesses may receive up to $11,000 in financial assistance for Phase 3. The amount of financial assistance provided will be determined by the information submitted through the application process for Phase 2. 

The application period for Phase 3 closed on Jan. 31, 2017.

Source: Canadian Red Cross. Update frequency: As progress is complete. Last update: March 13, 2017.

RMWB Small Business Workforce Support Program

Current Status of Parks Facilities

Source: RMWB Economic Development. Update frequency: As progress is complete. Last update: March 24, 2017.

Back to Business Resource Center Programming

Current Status of Parks Facilities

Source: RMWB Economic Development. Update frequency: As progress is complete. Last update: March 24, 2017.

RMWB Expos

Current Status of Parks Facilities

*  96% of vendors secured work/contracts with new clients during the YMM Home Show.
** 87% of vendor secured work/contracts with new clients during the YMM Home Show & Job Fair.

Source: RMWB Economic Development. Update frequency: As progress is complete. Last update: March 24, 2017.

Business Welcome Walks

The RMWB's Economic Development branch completed welcome walks as a way to welcome businesses back to the community, connect them with post wildfire event resources, share information about the small Business Financial Support Program, etc. A total of 420 businesses were visited during the summer 2016 walk and 100 businesses were visited during the December 2016 walk.

Wildfire Rebuild  [Learn more]