Quote:
Originally Posted by Chadillaccc
Assuming 10% growth for the Calgary Economic Region between 2016 and 2031, the Calgary Economic Region will reach 2 020 000 by census 2031. Keep in mind though, that 10% would be a significant drop from what we have been experiencing for the past 20 years. This may be in store for sure.
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I'm not sure I follow your math here Chad.
Assuming a 10% growth rate over 15 years or .67% average annual growth rate, that implies that the current 2016 population of the CER is 1.83 million. That seems astoundingly high to me.
Alternatively I think your growth rate is too low. 0.67% is anemic, and even if oil doesn't recover soon, which seems likely, that still seems low to me. I think Calgary's stabilized growth rate over the next 5-10 years will be somewhere in the 1.1-1.3% AAGR range.