Calgary Econometric Rent Model March 26, 2009
Posted by DustinRJay in Calgary real estate, supply and demand.Tags: Calgary real estate, econometric model, rent
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There are really three separate, but linked, real estate markets: the resale market, the new construction market and the rental market. The following graph shows the historic relationship (1973-2008) between vacancy rates and rental increases for Calgary and has a good correlation of R²=0.80.
[click above for larger view]
Source: CMHC Rental Market Statistics, UBC Centre for Urban Economics and Real Estate
Calgary Real Estate Market Blog 
That is a great tip especially to those new to the blogosphere.
Short but very accurate info… Thank you for sharing this one.
A must read article!
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Calgary Econometric Rent Model | Calgary Real Estate Market Blog