Calgary Econometric Rent Model March 26, 2009Posted by DustinRJay in Calgary real estate, supply and demand.
Tags: Calgary real estate, econometric model, rent
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]