The document provides real estate market data for Calgary and Edmonton for January 2017. In Calgary, sales of detached homes decreased 9.23% year-over-year while the average price increased 4.37%. Condo sales decreased 18.56% and average prices fell 3.82%. In Edmonton, total residential sales decreased 5.56% and average prices rose 3.56%. The document also includes economic indicators for Alberta such as GDP growth, unemployment, and average weekly earnings.

1. CREB Economic Region
Detached
Apartment
Attached
2017
CREB Economic Region
Detached
Apartment
Attached
4.39%
1,164
TOTAL Y/Y% TOTAL Y/Y% AVERAGE Y/Y%
YEAR TO DATE (2017):
4.37%
AVERAGE Y/Y% AVERAGE Y/Y%
21.76% 3,136 -9.23% 37.12% 34.15% 6,240 -7.75% 464,684$
584 25.59%
385,170$ -3.82%531 -18.56% 39.92% 53.12% 995 -18.64%
from January 1st, 2017 to the last day of January, 2017
212 24.71%
1,849 -27.38% 543,737$ 4.39%
151 17.05% 626 4.16% 24.12% 12.38% 1,269 1.28% 282,429$
AVERAGE
6,240 -7.75% 464,684$ 4.37%1,164
0.40%
- Calgary Real Estate Market -
from the 1st of January, 2017 to the last day of January, 2017
21.76% 3,136 -9.23% 37.12% 34.15%
REPORTING PERIOD:
AVERAGE Y/Y%Y/Y%
584 25.59% 1,228 -17.47% 47.56% 52.18%
TOTAL Y/Y% TOTAL Y/Y% AVERAGE Y/Y%
Real Estate and Economic Report
Sales New Listings
Sales to New
Listings Ratio
Active Listings Average Price
1,228 -17.47% 47.56% 52.18% 1,849 -27.38% 543,737$
0.40%
212 24.71% 531 -18.56% 39.92% 53.12% 995 -18.64% 385,170$ -3.82%
151 17.05% 626 4.16% 24.12% 12.38% 1,269 1.28% 282,429$
$459,035 $465,202 $479,880
$517,333
$558,738 $537,883 $547,683 $543,737
$250,000
$350,000
$450,000
$550,000
$650,000
2010 2011 2012 2013 2014 2015 2016 2017 YTD
Single Family Home Annual Average Price (Calgary)
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
Single Family Home Comparisons (Calgary)
Sales (Total) New Listings (Total) Active Listings (Avg.)
20
25
30
35
40
45
50
Single Family Home Average Days on Market (Calgary)

2. Total Residential
Single Family Detached
Condominium
Duplex/Rowhouse
2017
Total Residential
Single Family Detached
Condominium
Duplex/Rowhouse
Sales to New
Listings Ratio
Average Price
- Edmonton Real Estate Market -
TOTAL Y/Y% TOTAL Y/Y% AVERAGE Y/Y% AVERAGE
REPORTING PERIOD: from the 1st of January, 2017 to the last day of January, 2017
Sales New Listings
Y/Y%
7.07%
323 -5.56% 784 -40.06% 41.00% 57.69% 433,856$ 3.56%
566 -8.41% 1,670 -29.36% 33.89% 30.35% 363,730$
7.10%
56 9.80% 143 -37.83% 39.00% 77.27% 366,776$ 12.20%
AVERAGE Y/Y%
172 -20.00% 709 -6.83% 24.00% -14.29% 243,168$
YEAR TO DATE (2017): from January 1st, 2017 to the last day of January, 2017
AVERAGE Y/Y%
566 -8.41% 1,670 -29.36% 33.89% 30.35%
TOTAL Y/Y%
363,730$ 7.07%
TOTAL Y/Y%
323 -5.56% 784 -40.06% 41.00% 57.69% 433,856$ 3.56%
172 -20.00% 709 -6.83% 24.00% -14.29% 243,168$ 7.10%
56 9.80% 143 -37.83% 39.00% 77.27% 366,776$ 12.20%
$383,226 $379,485
$392,446
$409,438
$431,882 $436,416 $441,046
$433,856
$340,000
$360,000
$380,000
$400,000
$420,000
$440,000
$460,000
2010 2011 2012 2013 2014 2015 2016 2017 YTD
Single Family Home Annual Average Price (Edmonton)
941
854
773
782
623
419
528
648
923
1,022
1,179
1,198
1,125
983
857
863
673
436
485
747
917
1,147
1,213
1,324
1,158
1,019
1,020
908
777
439
390
547
876
1,001
1,078
1,243
1,111
884
873
728
680
435
342
517
605
691
775
802
670
623
621
585
433
333
323
1,455
1,380
1,266
1,082
769
409
955
1,115
1,467
1,569
1,911
1,586
1,491
1,349
1,268
1,059
783
415
1,070
1,082
1,585
1,818
2,085
1,829
1,601
1,354
1,335
1,260
794
534
1,298
1,428
1,883
1,964
1,974
1,886
1,782
1,741
1,660
1,283
1,059
719
1,308
1,584
1,241
1,279
1,283
1,216
1,130
1,136
1,084
855
710
369
784
0
500
1000
1500
2000
2500
Single Family Home Comparisons (Edmonton)
Sales (Total) New Listings (Total)
0
50
< $100 $100 -
$199
$200 -
$299
$300 -$
349
$350 -
$399
$400 -
$449
$450 -
$499
$500 -
$549
$550 -
$599
$600 -
$649
$650 -
$699
$700 -
$799
$800 -
$899
$900 -
$999
$1M +
Jan-16
Jan-17
Number of Sales by Price Range (Calgary Total Sales)

3. Alberta
Canada
Unemployment Rate
Jan-17 in Alberta
Retail Trade (mill. $'s) in Canada
Nov-16
Total Mortgages
Sep-16
*the following information is based on current available data from: http://economicdashboard.albertacanada.com/, www.statcan.gc.ca/dai-quo/ and RBC Economic
Outlook,http://www.cba.ca/en/component/content/publication/69-statistics, http://www.atb.com/SiteCollectionDocuments
- Alberta Economic Indicators -
TOTAL Y/Y%2017f
1.80%
in Alberta
in Alberta 8.80%
in Canada
2016f
Real GDP Growth Annual
Y/Y%TOTAL
Net Migration to AB
Oct-16
579,614
-2.06%in Alberta 6,150
in Canada in Alberta
6,594 1.61%
18.97
-3.00%
-18.73%
in Canada 4,712,806
45,227
6.80% -5.88%
2.27%
2.20%
0.76%
0.45%
8.64% Jan-17
$1,121.20 -1.56%
$958.50 0.69%
2,560
Mortgages 90 Day Arrears
Oct-16
Avg. Weekly Earnings
13,180 4.12%in Canada
Housing Starts (000's)
2016f 1.30%
61.31%
0
20
40
60
80
Average Days on Market (Edmonton)
1,146 1,117
-
$0
$500
$1,000
$1,500
2015 2016 2017YTD
Average Weekly Earnings Average Weekly Earnings (Alberta)
0.20%
0.23%
0.25%
0.28%
0.30%
0.33%
0.35%
0.38%
0.40%
0.43%
0.45%
0.48%
Mortgages
% of Arrears to Total Number of
Mortgages (AB)
% of Arrears to Total Number of
Mortgages (Canada)
Mortgage Arrears Ratio; Canada vs Alberta

4. Resources
http://economicdashboard.albertacanada.com/
http://www.creb.com/
http://www.ereb.com/REALTORSAssociationOfEdmonton.html
http://www.capp.ca/Pages/default.aspx
http://homepriceindex.ca/hpi_tool_en.html
http://www.cba.ca/en/component/content/publication/69-statistics
http://www.finance.alberta.ca/aboutalberta/
http://www.statcan.gc.ca/dai-quo/
http://www.housepriceindex.ca/default.aspx?langue=EN
*Housing Starts: This represents that seasonally adjusted annual rate (SAAR) for the month.
The statements and statistics in this report have been compiled by Calvert Home Mortgage Investment Corporation based on
information from sources considered to be reliable. We make no representation or warranty, express or implied, as to its accuracy
or completeness. This publication is for the people we work with and should not be construed as an offer to sell or a solicitation to
buy securities.
http://www.rbc.com/economics/economic-data/index.html
http://www.bankofcanada.ca/wp-content/uploads/2014/12/fsr-december2014.pdf
$0.00
$10.00
$20.00
$30.00
$40.00
$50.00
$60.00
$70.00
WCS Oil Prices
WTI Oil Prices
WTI - WCS Price Differential
WTI and WCS Pricing and Price Differential (US$)
4,100
4,150
4,200
4,250
4,300
2015 2016 2017YTD
Population of Alberta Population (thousands)