Calvert Home Mortgage provides a simplified breakdown of statistics and and information from the Calgary and Edmonton real estate markets and how they are affecting current home prices. You will also find the most recent statistics available for key Economic Fundamentals that influence the lending industry and real estate markets in Alberta.

1. Economic Region
Calgary Single Family
Calgary Apartment
Calgary Semi-Detached
Calgary Row House
2015
Economic Region
Calgary Single Family
Calgary Apartment
Calgary Semi-Detached
Calgary Row House 2,473 -26.51% 4,368 -1.71% 56.22% -22.25% 765 63.23% 334,392$ -2.70%
As of Nov. 1/15 the Calgary Real estate Board has separated the statistics for Semi-Detached and Row House into their own categories that
were previously 'Attached'. Apartment Condos continue to show the largest year over year decrease in sales and in average price. Year over
year active listings for the Calgary Economic Region saw only a slight year over year increase whereas active listings for all categories in the
Calgary CMA saw significant year over year increases.
The average single family home sale price is down 3.35% year over year for October. The decrease in sales of higher priced homes and especially
those over $1 million is having a negative impact on the average sale price while decreased sales of lower priced property is preventing
additional downward pressure on the average price.
-4.56%
1,718 -24.28% 3,227 -2.74% 53.95% -25.38% 598 35.54% 397,222$ -2.24%
3,042 -32.29% 6,522 -5.57% 47.31% -26.92% 1,383 36.40% 304,617$
-1.82%
AVERAGE Y/Y% AVERAGE Y/Y%
12,009 -24.25% 20,968 -8.81% 57.25% -16.83% 3,728 24.48% 540,901$ -3.35%
20,718 -25.87% 37,966 -10.60% 54.56% -16.68% 7,229 17.03% 469,942$
from January 1st , 2015 to the last day of October, 2015
TOTAL Y/Y% TOTAL Y/Y% AVERAGE Y/Y%
213 -32.17% 419 -1.18% 50.84% -26.77% 822 44.97% 327,643$
Real Estate and Economic Report
Sales New Listings
Sales to New
Listings Ratio
Active Listings Average Price
from the 1st of October, 2015 to the last day of October, 2015
-33.03% 3,341 -14.71% 52.98% -21.48%
1,029 -32.30% 1,732 -10.63% 59.41% -24.25%
TOTAL Y/Y% TOTAL Y/Y% AVERAGE Y/Y%
YEAR TO DATE (2015):
3,814 24.76% 525,423$ -7.21%
249 -39.12% 616 -5.81% 40.42% -35.36% 1,442 22.20% 312,410$
AVERAGE
7,527 3.19% 460,500$ -3.99%1,770
-2.12%
- Calgary Real Estate Market -
REPORTING PERIOD:
October continued the trend from September as the number of Active and New Listings in the market increased while at the same time Sales
dropped slightly. If this trend continues for several more months it will have a further negative impact on home prices.
329 4.44% 44.98% -35.20% 661 31.41%148 -25.63%
Y/Y% AVERAGE Y/Y%
397,333$ -3.19%
-7.32%
$459,035 $465,202 $479,880
$517,333
$558,738 $540,901
$250,000
$350,000
$450,000
$550,000
$650,000
2010 2011 2012 2013 2014 2015 YTD
Single Family Home Annual Average Price (Calgary)
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
Single Family Home Comparisons (Calgary)
Sales (Total) New Listings (Total) Active Listings (Avg.)

2. Total Residential
Single Family
Apartment Condo
Duplex Row House
2015
Total Residential
Single Family
Apartment Condo
Duplex/Row House
The spread between new listings and total sales continued to increase in October for the third consecutive month. Duplex/Row Houses saw a
61% increase in new listings for September year over year and 37% year to date. Yet, despite these trends, the average sale price year over year
to date has increased for all housing categories.
1,260 2.44% 2,316 37.69% 54.50% -25.65% 357,771$ 3.89%
8,731 -12.15% 16,899 12.52% 51.00% -22.14% 437,951$ 1.65%
4,119 -15.53% 8,860 17.77% 46.10% -28.64% 252,034$ 1.65%
YEAR TO DATE (2015): from January 1st, 2015 to the last day of October, 2015
AVERAGE Y/Y%
14,377 -11.43% 28,773 15.40% 49.23% -24.39%
TOTAL Y/Y%
372,006$ 1.96%
TOTAL Y/Y% AVERAGE Y/Y%
337 -22.17% 686 16.07% 49.00% -32.88% 244,225$ 2.89%
114 -6.56% 236 61.64% 48.00% -42.86% 359,130$ 1.86%
1.72%
728 -19.82% 1,283 1.83% 57.00% -20.83% 438,935$ 1.59%
1,199 -20.17% 2,272 10.56% 52.77% -27.80% 371,756$
TOTAL Y/Y% TOTAL Y/Y% AVERAGE Y/Y% AVERAGE
REPORTING PERIOD: from the 1st of October, 2015 to the last day of October, 2015
Sales New Listings
Y/Y%
Sales to New
Listings Ratio
Average Price
- Edmonton Real Estate Market -
The days on market for August to October this year has not seen the larger increase that occurred during the same period last year. For the
majority of 2015 the average days on market has been at or very near 40 days on market.
October saw the largest decrease in sales in property priced between $200,000-$299,000, and sales in the $300,000-$499,000 again saw
significant decreases in sales, just not as big as they were in September. This is reflective of the large drop in year over year sales of Apartment
Condominiums and Row Houses which tend to make up the majority of this price range. Sales of homes over $1 million also decreased by 50%
year over year in October.
20
25
30
35
40
45
50
Single Family Home Average Days on Market (Calgary)
0
50
100
150
200
250
300
350
> $100 $100 -
$199
$200 -
$299
$300 -$
349
$350 -
$399
$400 -
$449
$450 -
$499
$500 -
$549
$550 -
$599
$600 -
$649
$650 -
$699
$700 -
$799
$800 -
$899
$900 -
$999
$1M +
Oct. 2014
Oct. 2015
Number of Sales by Price Range (Calgary Metro)

3. Following a drop in average days on market from 58 to 44 between January and April 2015, the average days on market have steadily increased
since April and have now moved back up to an average of 57 days on market for October.
Since 2011 the average home price in Edmonton has increased an average of just over 4% per year, with a high of 5.4% between 2013 and 2014.
Increases in 2015 have now flattened out compared to the more vigorous start to the year.
The Calgary Home Price index has bounced back since the drop in the spring of 2015 and the Edmonton home Price Index has continued a slight
decrease that began in July. The Calgary index saw a lot of fluctuation in late 2014 and early 2015. Since 2005 the TSX100 index only increased
50% compared to the Home Index for Calgary (110%) and Edmonton (80%) showing that real estate continues to be a strong investment.
Although listings dropped significantly in October there are still nearly 2000 more listings year to date than compared to 2014 representing a 14%
drop in the sales to listings ratio year over year to date. There is a current oversupply (949) of completed but unabsorbed houses in the detached
and semi-detached sector in Edmonton a 31% increase over last year (source Todd Hirsch, ATB).
$383,226 $379,485
$392,446
$409,438
$431,747
$437,951
$340,000
$360,000
$380,000
$400,000
$420,000
$440,000
$460,000
2010 2011 2012 2013 2014 2015 YTD
Single Family Home Annual Average Price (Edmonton)
1,136
941
854
773
782
623
419
528
648
923
1,022
1,179
1,198
1,125
983
857
863
673
436
485
747
917
1,147
1,213
1,324
1,158
1,019
1,020
908
717
439
390
547
876
1,001
1,078
1,243
1,111
884
873
728
1,627
1,455
1,380
1,266
1,082
769
409
955
1,115
1,467
1,569
1,911
1,586
1,491
1,349
1,268
1,059
783
415
1,070
1,082
1,585
1,818
2,085
1,829
1,601
1,354
1,335
1,260
794
534
1,298
1,428
1,883
1,964
1,974
1,886
1,782
1,741
1,660
1,283
0
500
1,000
1,500
2,000
2,500
Single Family Home Comparisons (Edmonton)
Sales (Total) New Listings (Total)
0
10
20
30
40
50
60
Average Days on Market (Edmonton Metro)
100
125
150
175
200
Calgary Home Price Index
Edmonton Home Price Index
Home Price Index Comparison

4. Alberta
Canada
Unemployment Rate
Oct-15
Retail Trade (mill. $'s)
Aug-15
Total Mortgages
Aug-15
The number of total
mortgages in Alberta
Avg. Weekly Earnings
Aug-15
-1.3(F Sep/15) 0.6(F Sep/15)
2.50% 2.2%(F Nov/15)
Q3 2016f
TOTAL
2015f
$942.57
1.35%
0.73%
28.79%
11,472 1.83%
Jul-15
Net Migration to AB
34.58 -21.56%
12,645 -4.97%
2014
2014
RBC (F)Alberta 2015
Canada 2015 RBC2.40%
4.40% -1.30%
1.20%
in Alberta
in Alberta 6.60%
Mortgages 90 day
Arrears Aug. 15
in Canada
in Canada
573,156
4,682,312
-2.89%in Alberta 6,405
in Canada 43,622
7.00% 10.00%
2.84%
Housing starts (000's)
Oct-15
-2.52%
in Canada 0.79%
1,571
$1,126.61
-9.03%in Alberta
in Alberta
in Canada
Real GDP Growth Annual
Y/Y%
*the following information is based on current available data from: http://economicdashboard.albertacanada.com/, www.statcan.gc.ca/dai-quo/ and RBC Economic
Outlook,http://www.cba.ca/en/component/content/publication/69-statistics, http://www.atb.com/SiteCollectionDocuments
Real GDP Growth
TOTAL Y/Y%
- Alberta Economic Indicators -
The ratio of the total number of mortgages to 90 day arrears has remained flat in both Alberta and Canada from June to August.
The loss of jobs along with the cutback of overtime hours and salaries in the energy sector, combined with increases in lower paying
employment, is impacting the average weekly earnings in Alberta, which is not far from where it was in 2013.
$1,034.17 $1,070.47 $1,107.97 $1,149.18 $1,126.61
$883.91 $908.37 $930.28 $948.40 $942.57
$0
$500
$1,000
$1,500
2011 2012 2013 2014 2015 YTD
Average Weekly Earnings Alberta's Average Weekly Earnings Canada's Average Weekly Earnings
0.20%
0.23%
0.25%
0.28%
0.30%
0.33%
0.35%
0.38%
0.40%
2014-06
2014-07
2014-08
2014-09
2014-10
2014-11
2014-12
2015-01
2015-02
2015-03
2015-04
2015-05
2015-06
2015-07
2015-08
M
o
r
t
g
a
g
e
s
% of Arrears to Total Number of
Mortgages AB
% of Arrears to Total Number of
Mortgages CA
Mortgage Arrears Ratio; Canada vs Alberta

5. Notes:
Alberta Budget 2015
Finance Minister Joe Ceci tabled the new government’s first budget Oct. 27/15. This plan will achieve three key priorities for Albertans:
Resources
http://economicdashboard.albertacanada.com/
http://www.creb.com/
http://www.ereb.com/REALTORSAssociationOfEdmonton.html
http://www.capp.ca/Pages/default.aspx
http://homepriceindex.ca/hpi_tool_en.html
http://www.cba.ca/en/component/content/publication/69-statistics
http://www.finance.alberta.ca/aboutalberta/
http://www.statcan.gc.ca/dai-quo/
http://www.housepriceindex.ca/default.aspx?langue=EN
-Stabilizing frontline public services, including health care, education, and social services;
-Stimulating job creation, economic growth and diversification.
-Setting out a prudent path to return to balance; and
To view the full budget go to: http://alberta.ca/release.cfm?xID=38746AA41AC99-A600-1EBE-D733409D1B612203
http://www.rbc.com/economics/economic-data/index.html
http://www.bankofcanada.ca/wp-content/uploads/2014/12/fsr-december2014.pdf
August and September were very difficult months for the WCS and we also saw a significant increase in the price differential between WTI and
WCS. Prices for WTI have recovered some since the August dip, however WCS continues to struggle. The amount of oil being shipped from
Alberta continues to increase and employment in the oil and gas sector is down 32,300 jobs from the 2014 peak.
$-
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WCS OIL PRICES
WTI OIL PRICES
WTI-WCS Price Differential
WTI and WCS Pricing and Price Differential (US$)