Calgary Multifamily Apartment Market Research

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01
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Part
01

Calgary Multifamily Apartment Market Research

Data specific to Calgary, Alberta (Canada) has been provided in the attached spreadsheet for the following categories since 2011: net in-migration, GDP, job growth rate, unemployment rate, household income growth rate, crime rate. Explanations and calculation notes are provided below.

Within the spreadsheet, sources for data have been included as notes within the cell to allow for a more usable final output. Necessary calculations have been performed automatically within the spreadsheet and are explained in notes as needed. Data points for 2020 have been provided when available. Forecasted impacts to population, the GDP, job growth, and the unemployment rate for 2021 have been provided when available as sourced from news accounts and governmental agencies.

POPULATION

In order to provide the most relevant data for net migration rates, the following data points for each year have been provided. These data points have been provided verbatim from the Calgary Economic Development department.
  • The total population for the Calgary CMA
  • Net Temporary Migration
  • Net Interprovincial Migration
  • Net Intraprovincial Migration
  • Residual deviation

GDP

Data surrounding the GDP and its growth rate has been collected from both Statistics Canada and the Calgary Economic Development department. For some years, the data has been calculated based on the combination of the data.

JOB GROWTH

To provide an estimated job growth rate, total labor force data (from Statistics Canada) has been used as the basis for these calculations.

EMPLOYMENT

Both the employment and unemployment rates have been provided based on data from Statistics Canada.

INCOME

The median family income in Calgary has been provided (from the Alberta Regional Dashboard from the Alberta provincial government) and the growth rate has been calculated.

CRIME RATE

Statistics Canada provides a crime index, not a crime rate. The total crime severity index, the violent crime severity index, and the non-violent crime severity index have been provided as well as the percentage change for each.
  • “The crime severity index includes all Criminal Code violations including traffic, as well as drug violations and all Federal Statutes. The Crime Severity Index (CSI) measures changes in the level of severity of crime in Canada from year to year. In the index, all crimes are assigned a weight based on their seriousness. The level of seriousness is based on actual sentences handed down by the courts in all provinces and territories. More serious crimes are assigned higher weights, less serious offences lower weights. As a result, more serious offences have a greater impact on changes in the index. The PRCSI is standardized to 100 in base year 2006. CSI weights are updated using data from the Integrated Criminal Courts Survey (ICCS) every 5 years. 2017 marks the second update to the CSI weights since 1998. 2016 revised and 2017 CSI data are presented here using the updated weights and may have a marginal impact on the CSI data itself.”

Sources
Sources