Calgary Econometric Rent Model
November 17th, 2009
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
Categories: Real Estate