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Source: Calgary CBRE Research Department
Source: Calgary CBRE Research Department
How will the changing demographic groups affect the demand for housing? E.G. Aging population, immigration from overseas, and immigration from within Canada.
AGE GROUPS OF RENTERS
(SVN Canada Inc. Rental Apartment Webinar)
0%
10%
20%
30%
40%
50%
60%
70%
25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-74 75+
CALGARY
EDMONTON
MILLENNIALS BY GEOGRAPHY
0%
5%
10%
15%
20%
25%
30%
Alberta Sask. Ontario Manitoba Yukon Quebec B.C. Nova ScotiaNF and LabradorNew Brunswick PEI
MAP: NET POPULATION MOVEMENT FOR ALBERTA JANUARY 1 TO MARCH 31, 2016
RECORD NUMBERS OF IMMIGRANTS OFFSET INTERPROVINCIAL LOSSES (Alberta Finance & Treasury Board)
POPULATION GROWTH: ALBERTA
Interprovincial Net
Migration -1,788
PURPOSE-BUILT RENTAL UNIVERSE: CALGARY
(CMHC,Altus Group, 2015)
20,000
25,000
30,000
35,000
40,000
45,000
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
NU
MBE
R O
F RE
NTA
L U
NIT
S - 24%
0
2
4
6
8
10
12
14 RENTAL UNITS/100 PEOPLE
AVG 6.7
(CMHC, Stats Canada, Altus Group, 2014)
RENTAL UNIVERSE PER CAPITA: MAJOR MARKETS
47,224 units
Source: Calgary CBRE Research Department
CANADA VS. CALGARY: RENTERS VS. HOME OWNERS BY AGE DEMOGRAPHIC
Source: Calgary CBRE Research Department
Source: Altus Group
Source: Altus Group
Source: Altus Group
New Privately Owned Housing Starts in the U.S. – Buildings with 2+ Units (2013-2015)
91.80%
92.00%
92.20%
92.40%
92.60%
92.80%
93.00%
93.20%
93.40%
93.60%
-
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
2013 2014 2015
Num
ber o
f Hou
sing
Sta
rts
For Rent
For Sale
Year For Sale For Rent Total Rentals as % of Total Multi-Family Starts 2013 22,000 285,000 307,000 92.83% 2014 27,000 328,000 355,000 92.39% 2015 26,000 372,000 398,000 93.47%
Source: Calgary CBRE Research Department
New Privately Owned Housing Starts in the U.S. – Single Family & Multi-Family (2013-2015)
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
2013 2014 2015
Num
ber o
f Hou
sing
Sta
rts
Units in 2+ Unit Buildings - For Rent
Units in 2+ Unit Buildings - For Sale
Single Family Units Built
2013 2014 2015
Single Family Units Built 618,000 648,000 715,000
Units in 2+ Unit Buildings - For Sale 22,000 27,000 26,000
Units in 2+ Unit Buildings - For Rent 285,000 328,000 372,000
Total: 925,000 1,003,000 1,113,000 Source: Calgary CBRE Research Department