CALGARY S MULTI-FAMILY MARKET
ALBERTA POPULATION & CRUDE OIL PRICE (USD) $120 $100 $80 $60 $40 $20 $0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 4,400,000 4,200,000 4,000,000 3,800,000 3,600,000 3,400,000 3,200,000 3,000,000 Alberta Population Avg Oil Price (USD) C A L G A R Y M A R K E T U P D AT E
1.67 Billion 2.29 Billion GLOBAL POPULATION IN CITIES : 1 MILLION+ 2016 2030 C A L G A R Y M A R K E T U P D AT E
THE UA TAKE C A L G A R Y M A R K E T U P D AT E
$499,000 $385,000 $601,300 $474,100 $325,000 $885,587 $676,502 $490,500 $285,700 $209,649 $1,085,100 $1,749,766 BENCHMARK PRICE : DECEMBER 2017 Vancouver Toronto Calgary Edmonton Source: CREB, EREB, REBGV, TREB Single Family Townhome Condominium C A L G A R Y M A R K E T U P D AT E
WE'VE GOT THIS! CALGARY EDMONTON C A L G A R Y M A R K E T U P D AT E
CALGARY MARKET UPDATE MULTI FAMILY SALES
2,348 3,127 3,203 3,972 YEAR-OVER-YEAR SALES COMPARISON 2014 2015 2016 2017 C A L G A R Y M A R K E T U P D AT E / M U LT I - FA M I LY S A L E S
QUARTERLY UNIT SALES
110 95 74 102 95 89 128 347 275 295 294 258 247 181 228 325 369 303 337 470 463 QUARTERLY UNIT SALES COMPARISON CONCRETE WOOD FRAME TOWNHOMES Q2-2016 Q3-2016 Q4-2016 Q1-2017 Q2-2017 Q3-2017 Q4-2017 C A L G A R Y M A R K E T U P D AT E / M U LT I - FA M I LY S A L E S
EAU CLAIRE/WEST VILLAGE BELTLINE/EAST VILLAGE INNER NW INNER NE INNER SW INNER SE OUTER NORTH OUTER SOUTH AIRDRIE COCHRANE 1 7 37 87 23 44 18 15 38 46 11 19 35 37 46 36 285 267 223 370 QUARTERLY SALES BY SUB-MARKET COMPARISON Q3-2017 Q4-2017 C A L G A R Y M A R K E T U P D AT E / I N N E R C I T Y V S. T H E S U B U R B S
DOWNTOWN AVERAGE PSF: $620 ACTIVELY SELLING PROJECTS: 15 STANDING INVENTORY: 156 UNITS C A L G A R Y M A R K E T U P D AT E / I N N E R C I T Y V S. T H E S U B U R B S
INNER CITY AVERAGE CONCRETE $PSF: $544 AVERAGE WOOD FRAME $PSF: $472 AVERAGE TOWNHOME $PSF: $400 C A L G A R Y M A R K E T U P D AT E / I N N E R C I T Y V S. T H E S U B U R B S
SUBURBS AVERAGE TOWNHOME $PSF OUTER NORTH: $253 OUTER SOUTH: $263 AVERAGE WOOD FRAME $PSF OUTER NORTH: $286 OUTER SOUTH: $317 C A L G A R Y M A R K E T U P D AT E / I N N E R C I T Y V S. T H E S U B U R B S
CHANGES
CHANGES YOUNG PROFESSIONALS DOWNSIZERS INVESTORS RESTARTS
103 97 125 156 257 213 150 213 100 70 142 133 142 154 633 553 705 881 663 959 RELEASED INVENTORY BY SUB MARKET Q3-2017 Q4-2017 W H E R E I S T H E I N V E N T O R Y?
Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016 Q4-2016 Q1-2017 Q2-2017 Q3-2017 Q4-2017 214 312 457 518 687 816 897 852 1007 1038 STANDING INVENTORY W H E R E I S T H E I N V E N T O R Y?
CHALLENGES
STRESS TEST C H A L L E N G E S
RISING INTEREST RATES C H A L L E N G E S
OPPORTUNITIES
WHATS NEXT? DOWNTOWN PROJECT LAUNCH VICTORIA PARK REDEVELOPMENT POTENTIAL NEW ARENA? ECONOMIC GENERATORS O P P O R T U N I T I E S
DOWNTOWN CALGARY O P P O R T U N I T I E S
KEEP AN EYE ON COMMUNITY WALKABLE AMENITIES AGE IN PLACE SAFETY MASTER PLANNED COMMUNITIES O P P O R T U N I T I E S
CALGARY 5 TH MOST LIVABLE CITY EDUCATED SKILLED WORK FORCE EDUCATION & HEALTH CARE SAFE ACCESS TO NATURE NORTH AMERICA S SUNNIEST CITY O P P O R T U N I T I E S
CALGARY S PURPOSE BUILT RENTAL MARKET
PURPOSE BUILT RENTAL PROJECTS C A L G A R Y S P U R P O S E B U I LT R E N TA L M A R K E T
PURPOSE BUILT RENTAL PROJECTS C A L G A R Y S P U R P O S E B U I LT R E N TA L M A R K E T
NHSLIVE BY URBAN ANALYTICS C A L G A R Y S P U R P O S E B U I LT R E N TA L M A R K E T
DOWNTOWN CALGARY MARCH 2017: 51% LEASED JANUARY 2018: 96% LEASED AVERAGE NET RENT FOR CURRENT VACANCIES: $2.21 C A L G A R Y S P U R P O S E B U I LT R E N TA L M A R K E T
LOW RISE WOOD FRAME CONDOMINIUMS JULY 2017: 80% LEASED JANUARY 2018: 89% LEASED AVERAGE RENT $PSF: $1.66 C A L G A R Y S P U R P O S E B U I LT R E N TA L M A R K E T
LOW RISE WOOD FRAME CONDOMINIUMS $1.48 $2.17 $1.81 CALGARY $2.23 $1.73 $1.81 $1.62 C A L G A R Y S P U R P O S E B U I LT R E N TA L M A R K E T
CALGARY S RENTAL TRENDS 1 AMENITIES 2 PETS 3 PARKING 4 INCENTIVES C A L G A R Y S P U R P O S E B U I LT R E N TA L M A R K E T
1 AMENITIES
2 PET FRIENDLY OPTIONS
3 PARKING
4 INCENTIVES
LOOKING FORWARD NEW LAUNCHES BASE RENTS SUPPLY
EDMONTON S MULTI FAMILY MARKET
Q4-2016 Q1-2017 Q2-2017 Q3-2017 Q4-2017 323 359 497 440 766 QUARTERLY UNIT SALES Q U A R T E R LY U N I T M U LT I FA M I LY S A L E S I N E D M O N T O N
QUARTERLY UNIT SALES COMPARISON BY TYPE 319 192 183 229 238 218 68 81 67 114 115 138 140 124 140 Concrete Wood Frame Townhomes Q4-2016 Q1-2017 Q2-2017 Q3-2017 Q4-2017 Q U A R T E R LY U N I T M U LT I FA M I LY S A L E S I N E D M O N T O N
HOT AREAS: SOUTHWEST AVERAGE CONCRETE $PSF: $375 AVERAGE WOOD FRAME $PSF: $273 AVERAGE TOWNHOME $PSF: $238 H O T A R E A S I N E D M O N T O N
HOT IN THE SOUTHWEST 94 107 105 77 28 37 53 43 39 53 8 7 14 11 13 Q4 2017 Q1 2017 Q2 2017 Q3 2017 Q4 2017 H O T A R E A S I N E D M O N T O N Concrete Wood Frame Townhome
HOT AREAS: DOWNTOWN AVERAGE DOWNTOWN CONCRETE $PSF: $643 AVERAGE STRATHCONA CONCRETE $PSF: $582 AVERAGE WOODFRAME CONDOMINIUM $PSF: $383 H O T A R E A S I N E D M O N T O N
HOT AREAS: ICE DISTRICT OCTOBER 2013 NW VIEW OF ICE DISTRICT IMAGE VIA EAC APRIL 2017 NW VIEW OF ICE DISTRICT IMAGE VIA EAC H O T A R E A S I N E D M O N T O N
LOOKING FORWARD: MARKET DOWNTOWN S EVOLUTION TALL TOWERS CONSIDERATIONS PARKING PEDESTRIAN FRIENDLY FAMILY FRIENDLY
PURPOSE BUILT RENTAL PROJECTS E D M O N T O N S P U R P O S E B U I LT R E N TA L M A R K E T
EDMONTON S RENTAL TRENDS 1 AMENITIES 2 PETS 3 INCENTIVES E D M O N T O N S P U R P O S E B U I LT R E N TA L M A R K E T
RENTAL ZONES IN EDMONTON OUTER (ANTHONY HENDAY) PROJECTS RENT $PSF: $1.51 PROJECTS: 47 ACTIVE: 5 FULLY LEASED: 42 E D M O N T O N S P U R P O S E B U I LT R E N TA L M A R K E T
RENTAL ZONES IN EDMONTON DOWNTOWN PROJECTS RENT $PSF: $2.07 PROJECTS: 12 ACTIVE: 3 FULLY LEASED: 9 E D M O N T O N S P U R P O S E B U I LT R E N TA L M A R K E T
LOOKING FORWARD: RENTAL MILLENNIALS RENTING OVER BUYING WHAT SETS YOU APART? AMENITIES ARE IMPORTANT OFFICE CONVERSIONS
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