Our Population History True or False?? Saskatchewan was the 3 rd - PowerPoint PPT Presentation

partnership. performance. Our Population History True or False?? • Saskatchewan was the 3 rd most densely populated province in Canada from 1911 – 1951? • Saskatchewan had over 921,000 people in 1931, or roughly 85,000 less than today? • The province grew by 40,115 per year from 1901 – 11, the fastest growing province in Canada? • It will grow by around 10,000 in 2010, more than the previous 10 years?

partnership. performance. Our Natural Resources True or False?? • Saskatchewan has 50% of the world’s reserves of potash, 35% of current production, and is ranked #1 in Canada? • Saskatchewan has 82% of the world’s uranium & 100% of Canadian production? • The province is #2 in Canada for oil production, #3 for gas, and does 35% of Canada’s coal production? • We export more oil and gas than Kuwait? • We are the 2 nd least reliant on trade to the USA, next to BC, and lead the country in trade to BRIC and MENA countries?

partnership. performance. Our Food & Ag Resources True or False?? • Saskatchewan has 47% of the arable land in Canada? • Saskatchewan leads the world in mustard, peas, flax and mustard, and Canada in canola? • Food is the #2 export, next to oil and gas? • We do 47% of Canada’s business to India and 58% to Bangladesh? • International exports exceed domestic exports by 100%; they have grown from CDN $13B to CDN $30B in 4 years? • We are a world leader in bio-fuel, sustainable agriculture & renewable resource research?

partnership. performance. GDP Growth 8.0% 6.0% 4.0% 2.0% 0.0% -2.0% -4.0% -6.0% -8.0% 2007 2008 2009 2010f S askatoon S askatchewan Canada Regina Source: Conference Board of Canada

partnership. performance. Population Growth 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% 2007 2008 2009 2010f S askatoon S askatchewan Canada Regina Source: Conference Board of Canada

partnership. performance. Unemployment 10.0% 9.0% 8.0% 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% 2007 2008 2009 2010f S askatoon S askatchewan Canada Regina Source: Conference Board of Canada

partnership. performance. Sales Growth 15.0% 10.0% 5.0% 0.0% -5.0% 2007 2008 2009 2010f S askatoon S askatchewan Canada Regina Source: Conference Board of Canada

partnership. performance. Saskatchewan Building Permits 1,000,000,000 900,000,000 800,000,000 700,000,000 600,000,000 500,000,000 400,000,000 300,000,000 200,000,000 100,000,000 0 2004 2005 2006 2007 2008 2009 Saskatoon Regina Source: City of Saskatoon & Regina

partnership. Office performance. Saskatoon – Rental & Vacancy $30 30.0% $25 25.0% $20 20.0% $15 15.0% $10 10.0% $5 5.0% $0 0.0% 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010f 2011f Class A Lease Rate CBD Office Vacancy Rate Source: Colliers McClocklin

partnership. Industrial performance. Saskatoon – Inventory & Vacancy 20 4.00% 19.5 3.50% 19 3.00% 18.5 2.50% Vacancy Rate 18 Inventory (Million) 17.5 2.00% 17 1.50% 16.5 1.00% 16 0.50% 15.5 15 0.00% Inventory (Million) Vacancy Ra te Source: Colliers McClocklin

partnership. Investments performance. Saskatoon Cap Rates by Class 10.0% 9.0% 8.0% 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% Office Industrial Retail Multi-F amily 2008 2009 2010 Source: Colliers McClocklin

partnership. Office performance. Regina Office Vacancy / Inventory 4% 3,600,000 3,500,000 3% 3,400,000 2% 3,300,000 1% 3,200,000 0% 3,100,000 2007 2008 2009 2010f Vacancy Inventory Source: Avison Young

partnership. Office performance. Regina Class A Downtown Office Market 10% $30.00 $25.00 8% $20.00 6% $15.00 4% $10.00 2% $5.00 0% $0.00 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010f Vacancy Rate Net Rent Source: Avison Young

partnership. Investment performance. Regina Capitalization Rates by Asset Class 10% 8% 6% 4% 2% 0% Office Industrial Retail Multi-Family 2008 2009 2010f Source: Avison Young

partnership. performance. Saskatchewan Mineral Activity

partnership. performance. Saskatoon Forecast • Our economy performed strong in 2009 and is forecasted to lead in 2010 • Vacancy in all asset classes is low and should remain low into 2011 • Rental rates in all asset classes should remain stable or rise • Development will continue in varying degrees in all sectors

partnership. performance. Summary & Predictions for Regina Market • Construction finally underway after years of speculation. • Market correction on lease rates & construction cost correction has moved through the system. • Vacancy rates will remain relatively low. • Rental rates to hold due to low vacancy and stability in the market. • Demand will continue to be strong.