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Central Alberta Real Estate · Alberta Economy
Alberta's Economic Engine
Oil prices, drilling activity and the job market set how confident Central Alberta buyers feel long before it shows up in a sales number.
Benchmark crude prices
Monthly average price per barrel, in US dollars
The WCS differential
How much less a barrel of Alberta heavy crude fetches than the US benchmark
Active drilling rigs
Average number of rigs actively drilling in Alberta each month
The Job Market
Unemployment
Where the Red Deer region sits against the province, and against every other Alberta economic region.
Unemployment rate
Alberta and the Red Deer economic region
Where Red Deer sits among Alberta's regions
Every economic region measured the same way — no adjustment mismatch to correct for
This is the backdrop, not the market itself — for prices and local supply see Alberta home price trends, and for borrowing costs see Canada mortgage rate history.