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Calgary Econometric Rent Model March 26, 2009

Posted by DustinRJay in Calgary real estate, supply and demand.
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2 comments

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.

Calgary Econometric Rent Model

[click above for larger view]

Source: CMHC Rental Market Statistics, UBC Centre for Urban Economics and Real Estate

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