The Outlook for Land, Development and Construction Costs in the Greater Calgary Area (Session B4) Moderator: George Carras, RealNet Canada Inc. Panelists: Paul Taylor , Executive Vice President Hopewell Residential Communities Rob Coon , Chief Administrative Officer Municipal District of Rocky View Asad Niazi , Vice President Land Bordeaux Developments Corporation Iain McCorkindale , Senior Director Altus Group Cost Consulting
Market Perspective: Calgary Development George M. Carras P. Eng. RealNet Canada Inc.
Jayman Mar.’07 Mattamy Jan’07 339 ac. $37.9M 300 ac. $40M Hopewell May’07 Providence Land 160 ac. $15M Feb’07 319 ac. $32M Carma Dec.’07 160 ac. $26M
YTD 2008 Transactions 2007 Transactions
Mattamy/Apex&Shane Apr’08 146/160 ac. $14.6M Carma Jan’08 80 ac. $12.8M Trico May’08 158 ac. $15M YTD 2008 Transactions 2007 Transactions Mattamy Jan’08 148 ac. $22.2M
Average Home Price - Calgary update
Comparing Vancouver, Calgary, Toronto Vancouver Calgary Toronto Detached, 36’ Lot Detached, 36’ Lot Detached, 36’ Lot Langley, Calgary Milton ParkLane Homes – Centrex Homes – Arista Homes – Bedford Landing Kincora Milton Trails 2,081 sf 2,060 sf 2,063 sf $598,900 $530,700 $384,990
The Difference 50 Years Can Make
The Difference 50 Years Can Make
The Outlook for Land, Development and Construction Costs in the Greater Calgary Area (Session B4) Moderator: George Carras, RealNet Canada Inc. Panelists: Paul Taylor , Executive Vice President Hopewell Residential Communities Rob Coon , Chief Administrative Officer Municipal District of Rocky View Asad Niazi , Vice President Land Bordeaux Developments Corporation Iain McCorkindale , Senior Director Altus Group Cost Consulting
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