Download - Airdrie: Deal or No Deal?
Airdrie Update 2010
Real Estate Investment NetworkJuly 2010
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
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%
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
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
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
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
Building Stats 2010 (End of May)
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)
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
Proposed Growth Map
o Approved by Intermunicipal (City of Airdrie, Rockyview County) Committee March 2010
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%
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
New Developments (Interactive)
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
Economic Development Core Serviceso Marketingo Business Developmento Investment Attraction o Research & Information Services
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
Publications
www.airdrienow.ca