docInvestment and Development Opportunities in Smaller Markets
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Investment and Development Opportunities in Smaller Markets
Investment and Development Opportunities in Smaller Markets Geographic Context: 17 CMA/CAs in Atlantic Canada Altus Group Economic Consulting based on data from Statscan 24 yr Population Projection – PE 24 yr Population Projection – NS 24 yr Population Projection – NB 24 yr Population Projection - NL Population Context: Urban Areas Growing While Other Areas in Decline Population (000s) 1,500 Urban Areas 1,400 All other Areas Total Population: 2,327,000 in 2011 1,300 1,200 1,100 1,000 900 800 2001 2006 2011 Urban Areas Altus Group Economic Consulting based on data from Statscan All Other Areas* Population Context: Consistent Finding Across the Region 120,000 100,000 80,000 Urban Areas All other Areas 60,000 40,000 20,000 0 -20,000 -40,000 -60,000 -80,000 NFLD PEI NS NB Altus Group Economic Consulting based on data from Statscan Atlantic Canada National Context: Urbanization Trend Everywhere but More Extreme in Atlantic Change in Population 2001-2011 (Persons) Altus Group Economic Consulting based on data from Statscan Demographic Context: Rural Areas are Aging Faster than Urban Total Percent Change in Population 2006-2011 20% Total Atlantic Canada Urban Areas All other Areas 15% 10% 5% 0% -5% -10% -15% 0-14 years 15-64 years 65+ years Altus Group Economic Consulting based on data from Statscan City / Town Population Samples - NL Province/City/Town Newfoundland St. John's Corner Brook Grand Falls-Windsor Bay Roberts 2001 Population Data 2006 512,930 172,918 26,153 13,340 10,531 505,469 181,113 27,194 13,558 10,507 Altus Group St. John’s based on data from Statscan 2011 514,536 196,966 27,202 13,725 10,871 % Growth 2001-2011 0.3% 13.9% 4.0% 2.9% 3.2% City / Town Population Samples - NS Province/City/Town Nova Scotia Halifax Cape Breton Truro New Glasgow Kentville 2001 Population Data 2006 908,007 359,183 109,330 44,276 36,735 25,172 913,462 372,858 105,928 45,077 36,288 25,969 Altus Group – St. John’s based on data from Statscan 2011 921,727 390,328 101,619 45,888 35,809 26,359 % Growth 2001-2011 1.5% 8.7% -7.1% 3.6% -2.5% 4.7% City / Town Population Samples - NB Province/City/Town New Brunswick Moncton Saint John Fredericton Bathurst Miramichi Edmundston 2001 Population Data 2006 729,498 118,678 122,678 81,346 32,523 25,274 22,173 729,997 126,424 122,389 86,226 34,106 28,773 22,471 Altus Group – St. John’s based on data from Statscan 2011 751,171 138,644 127,761 94,268 33,484 28,115 21,903 % Growth 2001-2011 3.0% 16.8% 4.1% 15.9% 3.0% 11.2% -1.2% City / Town Population Samples - PE Province/City/Town Prince Edward Island Charlottetown Summerside Stratford Cornwall Montague 2001 Population Data 2006 135,294 57,234 16,200 6,314 4,412 1,095 135,851 59,325 16,153 7,080 4,677 1,802 Altus Group – St. John’s based on data from Statscan 2011 140,204 64,487 16,488 8,043 5,374 2,034 % Growth 2001-2011 3.6% 12.7% 1.8% 27.4% 21.8% 85.8% PANEL DISCUSSION Moderator Neil Hardy EVP - Atlantic Altus Group Panel Scott Hearn VP Real Estate & Development Parsons Investments Ltd Mark O'Brien Director of Acquisitions PRO REIT Shawn Philpott VP Origination Institutional Mortgage Capital Matthew Smith Senior VP Jones Lang LaSalle