C2: FACTS AND FALLACIES ABOUT THE ... - Real Estate Forums€¦ · Edmonton Real Estate Forum –...

C2: FACTS AND FALLACIES ABOUT THE RETAIL MARKET: WHY IS EDMONTON OUTPERFORMING EXPECTATIONS?

Moderator: Eric Slatter, Partner, Omada Commerical

Panel:

Brett Killips, Partner, Cushman & Wakefield Ron Odagaki, Associate Vice President, Development – Western Canada, Canadian Tire

Dean Shaben, Senior Vice President, Leasing, West Edmonton Mall

Edmonton Real Estate Forum

May 12th, 2016

By Brett Killips, B. Comm, CCIM

Partner

Edmonton Real Estate Forum – May 12th 2016 | Cushman & Wakefield Edmonton

Provincial Demographics and Population Growth

4.7

4.23

1.1 1.3

13.9

8.3

0.9 0.8 0.1 0.5 4.16

BC AB SK MB ON QC NS NB PE NL

Alberta Population (Millions) 2016 Feb 2015 Feb

0.9

1.7 1.2 1.3

1.0 0.7 0.2 0.0 0.4 -0.1


Feb 2016 Alberta Annual Population growth (%)

Source: Alberta Government


Edmonton Population Growth relative to the rest of Canada

Source: Alberta Government

Note: Edmonton CMA includes Edmonton, Fort Saskatchewan, St. Albert, Spruce Grove, Sherwood Park, Beaumont, Bon Accord, Bruderheim, Calmar, Devon, Gibbons, Legal,

Morinville, Redwater, Stony Plain, Leduc/Parkland/Sturgeon counties


Retail Sales by Province (Millions)

Source: Alberta Government, Stats

Canada

$1

2,2

04

$1

2,2

47

$3,107 $3,221

$3

2,0

50

$1

8,6

86

$2,362 $2,056 $354

$1,506

$1

1,2

99

$1

2,4

04

$2

9,2

13

$1

7,7

12


2016 Jan-Feb 2015 Jan-Feb


Alberta Retail Sales by Product Category (Millions)


Canada

$245.6

$266.5

$311.3

$371.6

$480.5

$515.6

$623.5

$1,199.2

$1,381.6

$2,127.3

$2,704.3

$254.0

$253.3

$358.2

$363.4

$474.0

$537.7

$498.4

$1,434.3

$1,341.1

$2,161.8

$2,758.5

MISCELLANEOUS STORE

SPORTING GOODS

ELECTRONICS & APPLIANCE

FURNITURE

BUILDING MATERIALS

CLOTHING & ACCESSORIES

HEALTH & PERSONAL CARE

GASOLINE STATIONS

GENERAL MERCHANDISE

FOOD & BEVERAGE

MOTOR VEHICLE & PARTS

2015 Jan-Feb 2016 Jan-Feb


Provincial Non-residential Construction (Millions)


Canada

$4,818 $4,837 $4,823

$2,869 $2,807 $2,678 $2,397

$2,172 $2,124

$1,350 $1,444 $1,480

$441 $465 $494

Q1 2015 Q4 2015 Q1 2016

Ontario Alberta Quebec BC Saskatchewan

Note: Non-residential construction includes industrial, commercial and institutional construction.


Provincial Commercial Construction (Millions)


Canada

$2,773 $2,680 $2,705

$1,967 $1,856

$1,729

$1,227 $1,142 $1,123

$839 $885 $913

$275 $276 $280

Q1 2015 Q4 2015 Q1 2016

Ontario Alberta Quebec BC Saskatchewan


Edmonton vs AB Secondary Markets – 2015 Incomes

Source: SiteWise Pro, Pitney Bowes Mapinfo

88

,78

7

93,9

15

188,4

11

78

,42

1

64

,42

7

111,9

42

111,7

10

22

7,4

53

98

,94

2

90

,53

6

EDMONTON CMA GRANDE PRAIRIE FORT MCMURRAY RED DEER CANADA

Median Household Income Avg Household Income


Edmonton’s Population and Economy

Source: Alberta Government, Stats Canada, City of

Edmonton

7

9

7

2

6

15

20

10

3

3

6

4

8

PRIMARY

MANUFACTURING

CONSTRUCTION

UTILITIES

TRANSPORTATION & …

TRADE

FINANCE & REAL ESTATE

PROFESSIONAL SERVICES

ACCOMODATION AND FOOD

EDUCATION

HEALTH & WELFARE

OTHER SERVICES

GOVERNMENT

0 5 10 15 20 25

Distribution of Economic Output (%)

C2: FACTS AND FALLACIES ABOUT THE RETAIL MARKET: WHY IS EDMONTON OUTPERFORMING EXPECTATIONS?

Moderator: Eric Slatter, Partner, Omada Commerical

Panel:

Brett Killips, Partner, Cushman & Wakefield Ron Odagaki, Associate Vice President, Development – Western Canada, Canadian Tire

Dean Shaben, Senior Vice President, Leasing, West Edmonton Mall

C2: FACTS AND FALLACIES ABOUT THE ... - Real Estate Forums€¦ · Edmonton Real Estate Forum –...

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