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Calgary Real Estate BoardForecast 2009: Conference & Tradeshow
Calgary Real Estate BoardMLS®
Market Forecast
2009
Calgary Economic Development
• Calgary has a very strong labour force – educated, highly skilled, highly paid and healthy demand.*
• Calgary is a head office city, and those typically weather storms better than branch‐plant locations.*
• The number and magnitude of major capital projects underway and expected to last for two to three years is significant*
Source: Calgary Economic Development, State of the Economy Report*
Real Estate Real Estate Market ReviewMarket Review
Rural MarketplaceRural Marketplace
• 2008 Total Rural Dollar Volume $640,000,000• Average Sale Price $726,000
1/20/2009 Presentation to the Bank of Canada 8
1/20/2009 Presentation to the Bank of Canada 9
1/20/2009 Presentation to the Bank of Canada 10
1/20/2009 11
1/20/2009 Presentation to the Bank of Canada 12
1/20/2009 Presentation to the Bank of Canada 13
1/20/2009 14
1/20/2009 Presentation to the Rotary Club of Canada 15
BALANCED MARKETBALANCED MARKET
Calgary Real Estate BoardCalgary Real Estate BoardMLSMLS®® Market Market ForecastForecast
For 2009For 2009
+5%+5%+5%
‐2%‐‐2%2%
+10%+10%+10%
0%0%0%
+10%+10%+10%
0%0%0%
-5%--5%5%
+5%+5%+5%
451,120
287,300
‐2%‐‐2%2%
‐5%‐‐5%5%