Occupancy/Supply

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Building Permit Values and Housing Starts 2007 2006 2005 2004
Total Building Permit Value ($000s) 384,370 282,039  224,811  180,035
% of Provincial Total 2.4 2.0 2.2 2.5
Per Capita Building Permit Value ($) 2,934 2,153  1,649  1,368
Average Annual Total Building Permit Value ($000s), 2003-2007, 2001-2006, 2000-2005 and 2000-2004 246,690 201,974  186,444  178,771
Average Annual Total Building Permit Value ($000s), 1998-2007, 1996-2006 214,043 187,321    
Commercial Building Permit Value ($000s) 40,858 54,158  63,933  35,052
% of Total Building Permit Value 106.0 19.2 28.4 19.5
% of Provincial Commercial Building Permit Value 0.8 1.5 2.7 2.3
Industrial Building Permit Value ($000s) 23,896 25,189  16,505  6,231
% of Total Building Permit Value 6.2 8.9 7.3 3.5
% of Provincial Industrial Building Permit Value 2.5 2.4 1.9 1.5
Institutional Building Permit Value ($000s) 84,935 57,189  35,862  36,366
% of Total Building Permit Value 22.1 20.3 16.0 20.2
% of Provincial Institutional Building Permit Value 9.8 5.6 4.0 7.4
Residential Building Permit Value ($000s) 235,464 145,511  108,511  102,386
% of Total Building Permit Value 61.3 51.6 48.3 56.9
% of Provincial Residential Building Permit Value 2.6 1.8 1.8 2.1
Single Family Housing Starts 1,258 951  663  683
Average Annual Single Family Housing Starts (2003-2007) (2001-2006) (2000-2005) (2000-2004) 843 709  655  654
Average Annual Single Family Housing Starts (1998-2007) (1996-2006) 746 641      
Total Housing Starts 1,596 1,115  957  917
Average Annual Total Housing Starts (2003-2007) (2001-2006) (2000-2005) (2000-2004) 1,098 970  955  955
Average Annual Total Housing Starts (1998-2007) (1996-2006) 998 854    
         
       

NOTE:  Per Capita Building Permit Value ($) is the total value of building permits for the region divided by the population.   

Source: Statistics Canada, Compilations by Alberta Finance and Enterprise

 

House Price Comparison
City MLS Average Price MLS Average Price % Change
  2008 2009 (Forecast) (2008/2009)
       
Calgary $405,267 $372,000 -8.20%
Edmonton $332,852 $310,000 -6.90%
Grande Prairie $265,963 $245,500 -7.70%
Lethbridge $243,585 $235,000 -3.50%
Medicine Hat $260,144 $250,000 -3.90%
Red Deer $278,040 $264,000 -5.00%
       
ALBERTA $352,857 $322,500 -8.60%
       
Source:Canada Mortgage and Housing Corporation 2009   

 

 Rental Comparison - April 2009
Average Rent in Rental Row and Apartment Structures of Three Units and Over
CITY Bachelor/Studio 1 Bedroom 2 Bedroom 3+ Bedroom
         
Calgary $732 $941 $1,103 $1,011
Edmonton $718 $852 $1,057 $1,079
Grande Prairie $699 $816 $961 $1,155
Lethbridge $558 $726 $783 $867
Red Deer $595 $720 $857 $978
         
Source:Canada Mortgage and Housing Corporation 2009