Economic Profile, Statistics
Economic Profile and General Statistics
Grande Prairie’s vibrant economy has developed with years of steady growth. The City is in an enviable economic position with high wages and disposable income, a local real estate market that remains affordable and plenty of opportunity for growth and diversification.
Strong resource markets in agriculture, forestry and oil and gas are the foundation of the strong economy where many energetic, business-minded people are capitalizing on a business climate like no other. Grande Prairie is a place that embraces entrepreneurship, innovation and new ideas. Come share yours here.
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- Population (2018 Municipal Census): 69,088
- Annual Growth Rates:
- 2011-2015: 5.6%
- 2006-2011: 3.17%
- 2000-2018: 3.69%
- 2001-2011: 4.05%
- 2001-2006: 4.94%
- Area of the City: 136.6 sq. km
- Median Family Income (2016 Census): $105,288
- Unemployment Rate (March 2020): 7.1%
Getting Here
- Highways: #2, #43, #40
- Rail Service: Yes
- Regional Airport with direct service to Calgary and Edmonton: Air Canada, WestJet
Living & Working in Grande Prairie
- Average rent 2 bedroom suite (October 2019): $1,190
- Apartment Vacancy Rate (October 2019): 5.1%
- Average Residential Home Price (2019): $310,051
Access to post-secondary education
Access to research and development
Economy of Grande Prairie
- Major Economic Sectors: Agriculture, Forestry, Oil & Gas
- Major Export: Oil, Natural Gas, Lumber, Grain, Livestock
- Year-to-Date Number of Building Permits Issued (March 2020): 154
- Year-to-Date Building Construction Value (March 2020): $13.4M
Sources:
Canada Census 2011 Canada Census 2016
Canadian Real Estate Association
Canada Mortgage and Housing Corporation Rental Market Statistics
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