Airdrie: Deal or No Deal?

20
Airdrie Update 2010 Real Estate Investment Network July 2010

description

This presentation was originally delivered to the Real Estate Investment Network during sessions in Calgary and Edmonton, Alberta in July 2010. For updated information please contact our office at [email protected]

Transcript of Airdrie: Deal or No Deal?

Page 1: Airdrie: Deal or No Deal?

Airdrie Update 2010

Real Estate Investment NetworkJuly 2010

Page 2: Airdrie: Deal or No Deal?

Airdrie at a Glance

o Population = 39,822• 4.54% in 2010• 8.3% avg. annual growth

over 5 years• 15,243 Dwellings • 2.6 person per dwelling

o Median Family Income is $83,271 (2006)• Calgary=$77,658

o Fastest Growing “City” In Canada

Airdrie 30-Year Growth Projections

2008 2013 2018 2023 2028 2033 20380

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

100,000

34,116

63,834

86,507

Chris MacIsaac
Update with new population and annual growth rate
Page 3: Airdrie: Deal or No Deal?

Growth Comparison 2006-2009

Edmonton

Medicine Hat

Canada (National Average)

Calgary

Red Deer

Alberta (Provincial Average)

Airdrie

0% 5% 10% 15% 20% 25% 30% 35%

7.10%

7.20%

7.20%

7.80%

8.60%

12.60%

31.70%

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The Local Business Snapshot

o 47% Total Business license growth since 2005

o Total 2383 Business

o Avg. 46 Bus. Lic. /Month

o 60% Businesses (HBE)

o 4 Major Commercial Areas being developed

o More Regional Opportunities

2005 2006 2007 2008 20090

500

1,000

1,500

2,000

2,500

3,000

1,625

2,383

Total Business License Growth

Page 5: Airdrie: Deal or No Deal?

Construction Continues 2009 Building Permits 2009 2008 2007 2006

Housing Starts 816 568 1786 1483

Commercial Industrial starts 214 107 208 145

Total Construction Values

$201,492,915

$195,602,047

$453,802,143

$265,035,435

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 -

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

$0 $50,000,000 $100,000,000 $150,000,000 $200,000,000 $250,000,000 $300,000,000 $350,000,000 $400,000,000 $450,000,000 $500,000,000

Building Statistics

# single family dwellings Building/HVAC permits Total Building Value

No.

of u

nits

/per

mits

Build

ing

Valu

e

Page 6: Airdrie: Deal or No Deal?

2010 and Growing

o Record-Breaking Residential, Commercial and Industrial growth

o Revenues reached $1,099,828

o Surpassing Commercial and Industrial 2007 Numbers

o 14,487 Total Homes

Page 7: Airdrie: Deal or No Deal?

Another Great Year (2010)

2010 Building Permits 2010 2007(Total Permits to End of May)

Housing Starts 365 353

Commercial Industrial starts 214 145

Construction Values

$96,397,882

$128,234,68

4

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Building Stats 2010 (End of May)

Page 9: Airdrie: Deal or No Deal?

New or Developing Projects 2008-2009 Major

Projectso Belron

(120,000 sq. ft. D.C.)o ATCO Geothermal

Operations Centre o Redevelopment of Towerlane

Centre o Sobeys Grocery Storeo 2 New Shoppers Drug Marto McArthur Fine Furniture o Honda Dealership o Dickson Trail Strip Mall

Rexall and Brewsters)

2010 Major Projectso TransCanada Turbine

(220,000 sq. ft. Manufacturing Facility)

o New Fire Hall (One of three) o CIBC Branch o Swiss Chalet o Original Joes Restauranto New RCMP Station (RCMP,

Municipal Enforcement, Highway Patrol)

Page 10: Airdrie: Deal or No Deal?

Developing Residential• Reunion

• Williamstown

• Canals

• Bayside

• Prairie Springs

• Windsong

• Copper’s Crossing

• Morningside

• King’s Heights

• Ravenswood

Developing Comm/Industrial• Gateway

• Highland Park

• Willowbrook

• Creekside / Downtown

• Sierra Springs

• Kingsview Market

• King’s Heights

Current Development

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Proposed Growth Map

o Approved by Intermunicipal (City of Airdrie, Rockyview County) Committee March 2010

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Quality of Life

o Youthful Population • 70% Under 45 Years

o Recreational opportunities

• Genesis Place Facility • 2 Indoor Rinks (3 Ice surfaces)• Curling Surfaces • 82 Km of Paved pathways • 68 Sport Fields • 700 Acres of parkland • NEW Regional park (Splash Park

and Skate Park)

o 15 schools (Public and Private)

o Water capacity from Calgary up to 150,000 residents

• Citizen Satisfaction Survey (2010)

Quality of Life 98% Safety 93%

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Infrastructure Investmento Completion of Yankee Valley

Interchange

o ICE Transportation Service (Sept. 2010)

o Genesis Place Recreation Centre

- Completion of Phase 2

- Phase 3 approved (open 2013)

o Upgrading Plainsman Arena (2010)

o New Regional park skate and splash park

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New Developments (Interactive)

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Political Atmosphere (Silly Season) o Mayor Bruce seeking 3rd term o Council may see some Changeo Mayor Bruce working very closely with Province

and Regional Partnershipo Paul Schulz - New City Manager

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Economic Development Core Serviceso Marketingo Business Developmento Investment Attraction o Research & Information Services

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Airdrie Now! Campaign

o Three-year Marketing Campaign

o Focus on Target Sectors:• Advanced Manufacturing• Transportation & Logistics• Professional Services• Environmental Industries

o New Marketing Materials & Website

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Publications

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www.airdrienow.ca

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Thank You…

Airdrie Economic DevelopmentKent Rupert

[email protected]

403-948-8844