Outlook for Residential and Non-Residential Land in the Greater Calgary Market (Session A2) • Moderator: – George Carras, RealNet Canada Inc. • Panelists: – Alan Norris, Carma Developers LP – Paul Taylor, Hopewell Residential Communities – David Negrin, Concord Pacific Group Inc. – Helmar Basedow, Basedow International Inc.
Market Perspective: Calgary Development George M. Carras P. Eng. RealNet Canada Inc.
Noteable Low Density Transaction 9049 Old Banff Coach Road S.W., Calgary Date: July 5, 2007 Size: 35.83 Acres Purchaser: Dundee Realty Corporation Price: $15,000,000 Price / Acre: $418,644
Noteable High Density Transaction 606 – 628 12 th Avenue S.E., Calgary Date: June 22, 2007 Size: 1.23 acres Purchaser: Torode Realty Group (TRL Real Estate Syndicate (05) Ltd.) Price: $10,300,000
Comparing Vancouver, Calgary, Toronto Vancouver Calgary Toronto Detached, 36’ Lot Detached, 36’ Lot Detached, 36’ Lot Langley, Airdrie Milton ParkLane Homes – Jayman MasterBuilt – Arista Homes – Bedford Landing Auburn Bay Milton Trails 2,081 sf 2,036 sf 2,063 sf $598,900 $488,900 $359,990
Significant Land Transaction - Calgary 8 th Street – Prairie Springs Airdrie Date: January 29, 2007 Size: 307.1 Acres Purchaser: Mattamy Homes Price: $40,000,000 Price / Acre: $130,251
Long Term Land Transaction Eighth Line - Trafalgar, Halton Hills Date: July 20, 2006 Size: 96.17 Acres Purchaser: Mattamy Homes Price: $15,000,000 Price / Acre: $155,974
Average Home Price - Calgary
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