Alberta Economic Forecast

Economic structure Appendix Housing activity remains sluggish Annualized AB housing starts, existing home sales and the average resale home price* (Thousands) 80 70 60 1232 30 20 50 40 Dec-13 Feb-14 Apr-14 Jun-14 Aug-14 Oct-14 Dec-14 Housing starts Feb-15 Apr-15 Jun-15 Aug-15 Oct-15 Dec-15 Feb-16 -Existing home sales Home prices have held up despite the decline in activity Alberta ($ Thousands) 420 410 400 390 380 370 Apr-16 Jun-16 -Average Resale Price. Aug-16 Oct-16 Dec-16 Sources: Canadian Real Estate Association, Canada Mortgage and Housing Corporation *3-month moving average 360 27

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