Despite regular premonitions and warnings of negative market performance in Canadian real estate, the Calgary market has continued to march to its own rhythm through late 2012 and early 2013.
We’ve captured more than a dozen news articles in the Market News section of our website since the beginning of the year which reference 3rd party statistics and reports of Calgary’s market performance . It presents a fascinating contrast against the negative trends in the Canadian marketplace generally.
Whether you’re bullish or bearish on Calgary’s real estate outlook over the medium to long term, we remind you that the consensus forecast that Alberta’s population will grow by more than 1,500,000 people over the next 15 years. While it’s challenging to imagine the Calgary area’s population growing by 50% over that period, it’s easy to see how this expectation will continue to positively impact the city’s real estate market equilibrium.
Following on the successful conceptualization and funding of our Mission Road project, we have identified a number of prospective projects which fit neatly within our investment focus and core competencies. Although we take nothing for granted, our current investor partners will be among the first to participate in our next project initiative, leaving fewer opportunities for prospective investor partners.
I’d like to encourage you to register your continuing interest in reviewing upcoming project investment details; we have little doubt that our next co-investment opportunity will be subscribed even more quickly than the last.