News

Mid-Year Community Economic Indicators Report

City releases bi-annual report to highlight economic information for business and investment
City Hall
August 6, 2019

Highlights
● Average home resale price in Q2 2019 ($391,625) increased by 4.0% from Q1 2019
($376,626), and by 16.0% from Q2 2018 ($337,558).
● 50 dwellings sold in Q2 2019, up from 26 in Q1 2019, an increase of 92.3%.
● Unemployment is down by 2.7% from Q2 2018, and up by 0.8% from Q1 2019.
● Value of construction permits (YTD) up by 27.1% from June 2018.
○ Residential (49.9%), Industrial ($0.4M up from $0 in June 2018), Commercial
(-46.2%), Institutional (27.1%).
● Passenger traffic (YTD) at the Northwest Regional Airport was 135,677 as of June 2019,
up by 25.7% from June 2018.

Full report available HERE.

Home > Discover Terrace > News > Mid-Year Community Economic Indicators Report