Monthly Economic Indicators for Calgary and Alberta

Monthly reports contain analysis and statistical illustrations of key economic indicators monitored by Corporate Economics. The data includes metrics like unemployment rates, inflation, retail sales, housing starts, building permit values, and hourly wages for Calgary and Alberta. It is published by data.calgary.ca and was last updated in March 2026.

Use Cases

• Model the relationship between Calgary (CMA) Inflation Rate (%) and Calgary (CMA) Average Hourly Wage Rate ($) to assess purchasing power.
• Forecast Calgary (City) Total Housing Starts (units) using Alberta Unemployment Rate (%) and City of Calgary Building Permits Residential Value ($) as predictors.
• Analyze seasonal patterns in Calgary (CER) Retail Sales ($billions) against Calgary CER Unemployment rate (%) to gauge consumer confidence.
• Correlate City of Calgary Building Permits Non-Residential Value ($) with Calgary (CMA) Total Housing Starts (units) for commercial and residential development insights.

Strengths

• Covers 11 distinct economic indicators including unemployment, inflation, retail sales, and housing starts.
• Data is updated monthly, providing regular snapshots of economic conditions.

Limitations

• Sample size and historical time range of the data are unknown.
• Geographic coverage is limited to Calgary and Alberta, not representative of national trends.

Provenance

Source

data.calgary.ca, likely sourced from Corporate Economics.

Collection Method

Collected and compiled by Corporate Economics for internal forecasting.

Freshness

Updated monthly, with a last recorded update in March 2026.

Geography

Primarily Calgary, Alberta, Canada, with some Alberta-wide indicators.