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Oil: The Commodity We Love to Hate
Job Growth
Ranking*
Vacancy Rate
Ranking
(12 Cities)
Q2 14
Rent Growth
Ranking
(12 Cities)
Q1 09 - Q2 14
Calgary
3
2
2
Edmonton
2
7
12
St. John’s
1
1
1
CANADA
Top Energy Markets - Oil Price Boom
Top Energy Markets - Oil Price Correction
4.8% of global oil
production comes
from Canada.
Size of bubble represents energy
sector contribution to total city GDP
Source: EIA, BP, Statistics Canada, Moody’s Analytics, Cushman & Wakefield Research
Job Growth
Ranking*
Vacancy Rate
Ranking
(14 Cities)
Q2 16
Rent Growth
Ranking
(14 Cities)
Q2 14 - Q2 16
Calgary
8
12
14
Edmonton
4
7
10
St. John’s
11
10
9
* (13 Cities) 01/01/14-12/31/15
Source: Statistics Canada, Cushman & Wakefield Research
Source: EIA, Cushman & Wakefield Research
St. John’s
18.8%
Edmonton
14.9%
26.6%
Calgary
OIL PRICES: WHERE THEY WERE
OIL PRICES: WHERE THEY ARE
* (12 Cities) 01/01/09-12/31/13
$0
$20
$40
$60
$80
$100
$120
Aug-14
Oct-14
Dec-14
Feb-15
Apr-15
Jun-15
Aug-15
Oct-15
Dec-15
Feb-16
Apr-16
Jun-16
Aug-16
$ per barrel (Brent)
$0
$20
$40
$60
$80
$100
$120
Jan-09
Jun-09
Nov-09
Apr-10
Sep-10
Feb-11
Jul-11
Dec-11
May-12
Oct-12
Mar-13
Aug-13
Jan-14
Jun-14
$ per barrel (Brent)