The Outlook for Land, Development and Construction Costs in the - - PowerPoint PPT Presentation

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The Outlook for Land, Development and Construction Costs in the - - PowerPoint PPT Presentation

Mar 17, 2024 322 likes •514 views

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

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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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Market Perspective: Calgary Development

George M. Carras P. Eng. RealNet Canada Inc.

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Mattamy Jan’07 300 ac. $40M Jayman Mar.’07 339 ac. $37.9M Providence Land Feb’07 319 ac. $32M Carma Dec.’07 160 ac. $26M Hopewell May’07 160 ac. $15M

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YTD 2008 Transactions 2007 Transactions

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YTD 2008 Transactions 2007 Transactions

Carma Jan’08 80 ac. $12.8M Mattamy/Apex&Shane Apr’08 146/160 ac. $14.6M Trico May’08 158 ac. $15M Mattamy Jan’08 148 ac. $22.2M

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Average Home Price - Calgary update

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Comparing Vancouver, Calgary, Toronto

Detached, 36’ Lot Milton Arista Homes – Milton Trails 2,063 sf Detached, 36’ Lot Calgary Centrex Homes – Kincora 2,060 sf Detached, 36’ Lot Langley, ParkLane Homes – Bedford Landing 2,081 sf

Vancouver Calgary Toronto

$598,900 $530,700 $384,990

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The Difference 50 Years Can Make

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The Difference 50 Years Can Make

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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