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%