The Canadian Real Estate Association News Release

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1 The Canadian Real Estate Association News Release Canadian home sales activity eases in October Ottawa, ON, November 15, 2018 Statistics 1 released today by the Canadian Real Estate Association (CREA) show national home sales declined between September and. Highlights: National home sales fell 1.6% from September to October. Actual (not seasonally adjusted) activity was down by 3.7% from one year ago. The number of newly listed homes eased 1.1% from September to October. The MLS Home Price Index (HPI) was up 2.3% (y-o-y) in October. The national average sale price slipped by 1.5% y-o-y in October. Home sales via Canadian MLS Systems edged back by 1.6% in. While activity is still stronger compared to the first half of 2018, it remains below levels recorded from early 2014 through (Chart A) Chart A Transactions declined in more than half of all local markets, led by Hamilton- Burlington, Montreal and Edmonton. Although activity did improve modestly in many markets, it was offset by a decline in sales elsewhere by a factor of two. Actual (not seasonally adjusted) activity was down 3.7% compared to October 2017 and in line with the 10-year average for the month. While sales were down y-o-y in slightly more than half of all local markets in October, lower sales in Greater Vancouver and the Fraser Valley more than offset the rise in sales in the Greater Toronto Area (GTA) and Montreal by a wide margin. * Data table available to media upon request, for purposes of reprinting only. This year s new mortgage stress-test has lowered how much mortgage home buyers can qualify for across Canada, but its effect on sales has varied somewhat depending on location, housing type and price range, said CREA President Barb Sukkau. All real estate is local. A professional REALTOR is your best source for information and guidance in negotiating a purchase or sale of a home during these changing times, added Sukkau. National sales activity lost momentum in October, said Gregory Klump, CREA s Chief Economist. In part, this reflects waning activity among some urban centers in Ontario s Greater Golden Horseshoe region and the absence of an offsetting rise in sales in the Lower Mainland of British Columbia. Even so, the balance between sales and listings in these regions points to stable prices or modest gains. By contrast, the balance between sales and listings for housing markets in Alberta, Saskatchewan and Newfoundland indicates a weak pricing environment for homeowners who are looking to sell. 1 All figures in this release except price measures are seasonally adjusted unless otherwise noted. Removing normal seasonal variations enables meaningful analysis of s and fundamental trends. The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. 1

2 The number of newly listed homes edged down 1.1% between September and October, led by the GTA, Calgary and Victoria. The decline in new supply among these markets more than offset an increase in new supply in Edmonton and Greater Vancouver. As for the balance between sales and listings, the national sales-to-new listings ratio in October came in at 54.2% close to September s reading of 54.4% and its long-term average of 53.4%. Considering the degree and duration to which market balance readings are above or below their long-term average is the best way of gauging whether local housing market conditions favour buyers or sellers. As a rule of thumb, measures of market balance that are within one standard deviation of their long-term average are generally consistent with balanced market conditions. Based on a comparison of the sales-to-new listings ratio with the long-term average, about two-thirds of all local markets were in balanced market territory in. The number of months of inventory is another important measure for the balance between sales and the supply of listings. It represents how long it would take to liquidate current inventories at the current rate of sales activity. There were 5.3 months of inventory on a national basis at the end of. While this remains in line with its long-term national average, the number of months of inventory is well above its long-term average in the Prairie provinces and in Newfoundland & Labrador. By contrast, Ontario and Prince Edward Island are the two provinces where the measure remains more than one standard deviation below its long-term average. In other provinces, the number of months of inventory is closer to its long-term average and suggests that sales and inventory are well balanced. The Aggregate Composite MLS Home Price Index (MLS HPI) was up 2.3% y-o-y in with similar gains posted in each of the three previous months. (Chart B) Chart B * Data table available to media upon request, for purposes of reprinting only. Apartment units posted the largest y-o-y price gains in October (+7.4%), followed by townhouse/row units (+3.9%). By comparison, one-storey single-family homes posted a modest increase (+0.6%) while two-storey singlefamily home prices held steady. Trends continue to vary widely among the 17 housing markets tracked by the MLS HPI. In British Columbia, home price gains have been diminishing on a y-o-y basis (Greater Vancouver: +1%; Fraser Valley: +6.8%; Victoria +8.5%; elsewhere on Vancouver Island: +11.8%). The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. 2

3 By contrast, MLS HPI benchmark price comparisons are improving on a y-o-y basis among housing markets in the Greater Golden Horseshoe region that are tracked by the index. Home prices were up from year-ago levels in Guelph (+9.3%), Hamilton-Burlington (+6.8%), the Niagara Region (+6.3%), the GTA (+2.6%) and Oakville- Milton (+2.2%). While home prices in Barrie and District remain slightly below year-ago levels (-0.9%), declines there are shrinking; if current price momentum persists, home prices in December are on track to turn positive compared to December Across the Prairies, benchmark home prices remained below year-ago levels in Calgary (-2.6%), Edmonton (-2.4%), Regina (-3.6%) and Saskatoon (-0.9%). Home prices rose by 6.6% y-o-y in Ottawa (led by a 7.4% increase in two-storey single-family home prices), by 6.3% in Greater Montreal (led by a 9.8% increase in townhouse/row unit prices) and by 4.2% in Greater Moncton (led by a 12.4% increase in townhouse/row unit prices). (Table 1) The MLS HPI provides the best way to gauge price trends because average price trends are strongly distorted by s in the mix of sales activity from one month to the next. The actual (not seasonally adjusted) national average price for homes sold in was just under $496,800, down 1.5% from the same month last year. The national average price is heavily skewed by sales in Greater Vancouver and the GTA, two of Canada s most active and expensive markets. Excluding these two markets from calculations cuts almost $114,000 from the national average price, trimming it to just under $383,000. The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. 3

4 Table 1 MLS Home Price Index Benchmark Price Composite HPI: October month ago 3 months ago Interactive tables and charts for MLS Home Price Index data on Composite, Single family homes (including separate indices for one- and two-storey homes), Townhouse/row units, and Apartment units are available at Data table available to media upon request, for purposes of reprinting only. Percentage Change vs. 6 months ago 12 months ago 3 years ago 5 years ago Aggregate $623, Lower Mainland $995, Greater Vancouver $1,062, Fraser Valley $853, Vancouver Island $485, Victoria $693, Calgary $422, Edmonton $324, Regina $277, Saskatoon $295, Guelph $526, Hamilton-Burlington $579, Oakville-Milton $958, Barrie and District $475, Greater Toronto $766, Niagara Region $389, Ottawa $393, Greater Montreal $350, Greater Moncton $182, The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. 4

5 PLEASE NOTE: The information contained in this news release combines both major market and national sales information from MLS Systems from the previous month. CREA cautions that average price information can be useful in establishing trends over time, but does not indicate actual prices in centres comprised of widely divergent neighbourhoods or account for price differential between geographic areas. Statistical information contained in this report includes all housing types. MLS Systems are co-operative marketing systems used only by Canada s real estate Boards to ensure maximum exposure of properties listed for sale. The Canadian Real Estate Association (CREA) is one of Canada s largest single-industry trade associations. CREA works on behalf of more than 125,000 REALTORS who contribute to the economic and social well-being of communities across Canada. Together they advocate for property owners, buyers and sellers. Further information can be found at For more information, please contact: Pierre Leduc, Media Relations The Canadian Real Estate Association Tel.: or The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. 5

6 National Charts Chart 1 Chart 2 Chart 3 Chart 4 Chart 5 Chart 6 The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. 6

7 MLS Home Price Index The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. 7

8 MLS Home Price Index The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. 8

9 MLS Home Price Index The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. 9

10 MLS Home Price Index The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. 10

11 MLS Home Price Index The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. 11

12 MLS Home Price Index The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. 12

13 Dollar Volume over MLS Systems of Select Canadian Real Estate Boards & Associations Dollar Volume* Fraser Valley , , Greater Vancouver 2, , , , , , , , Victoria Calgary Edmonton Regina Saskatoon Winnipeg Hamilton-Burlington Kitchener-Waterloo London and St Thomas Niagara Region Ottawa Sudbury Thunder Bay Greater Toronto 5, , , , , , , , Windsor-Essex Trois Rivières CMA Montreal CMA 1, , , , , , , , Gatineau CMA Quebec CMA Saguenay CMA Sherbrooke CMA Saint John Halifax-Dartmouth Newfoundland & Labrador Canada 20, , , , , , , , * in millions of dollars Detailed data for the Toronto Real Estate Board (TREB) market area can be found at 1 Total = + Non-residential Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years.

14 Sales Activity over MLS Systems of Select Canadian Real Estate Boards & Associations Sales Activity Fraser Valley 1,241 1, ,155 1, ,180 1, ,103 1, Greater Vancouver 2,096 2, ,062 3, ,052 2, ,995 3, Victoria Calgary 1,830 1, ,768 1, ,673 1, ,676 1, Edmonton 1,469 1, ,462 1, ,406 1, ,399 1, Regina Saskatoon Winnipeg 1,075 1, ,107 1, , , Hamilton-Burlington 997 1, ,060 1, , ,035 1, Kitchener-Waterloo London and St Thomas Niagara Region Ottawa 1,557 1, ,468 1, ,480 1, ,402 1, Sudbury Thunder Bay Greater Toronto 6,937 6, ,492 7, ,926 7, ,492 7, Windsor-Essex Trois Rivières CMA Montreal CMA 4,096 4, ,884 3, ,958 4, ,731 3, Gatineau CMA Quebec CMA Saguenay CMA Sherbrooke CMA Saint John Halifax-Dartmouth Newfoundland & Labrador Canada 41,191 41, ,961 43, ,711 39, ,313 40, Detailed data for the Toronto Real Estate Board (TREB) market area can be found at 1 Total = + Non-residential Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years.

15 New Listings over MLS Systems of Select Canadian Real Estate Boards & Associations New Listings Fraser Valley 2,978 3, ,776 2, ,671 2, ,522 2, Greater Vancouver 5,144 5, ,279 4, ,894 4, ,026 4, Victoria 1,034 1, , Calgary 3,783 4, ,470 3, ,386 3, ,113 3, Edmonton 3,642 3, ,124 3, ,391 3, ,939 2, Regina Saskatoon , Winnipeg 1,982 2, ,845 1, ,763 1, ,652 1, Hamilton-Burlington 1,763 1, ,864 1, ,633 1, ,721 1, Kitchener-Waterloo London and St Thomas 1,332 1, , ,213 1, , Niagara Region 1, , Ottawa 2,344 2, ,985 2, ,116 2, ,779 1, Sudbury Thunder Bay Greater Toronto 13,400 13, ,431 14, ,388 13, ,431 14, Windsor-Essex 934 1, Trois Rivières CMA Montreal CMA 6,017 5, ,337 6, ,607 5, ,862 5, Gatineau CMA Quebec CMA 1,333 1, ,483 1, ,230 1, ,362 1, Saguenay CMA Sherbrooke CMA Saint John Halifax-Dartmouth Newfoundland & Labrador 1,088 1, ,096 1, , Canada 79,778 80, ,084 75, ,437 72, ,276 68, Detailed data for the Toronto Real Estate Board (TREB) market area can be found at 1 Total = + Non-residential Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years.

16 Average Sale Price over MLS Systems of Select Canadian Real Estate Boards & Associations Average Price* Fraser Valley 751, , , , , , , , Greater Vancouver 1,041,337 1,060, ,026,205 1,082, ,050,695 1,068, ,033,240 1,074, Victoria 674, , , , , , , , Calgary 467, , , , , , , , Edmonton 375, , , , , , , , Regina 302, , , , , , , , Saskatoon 340, , , , , , , , Winnipeg 301, , , , , , , , Hamilton-Burlington 579, , , , , , , , Kitchener-Waterloo 508, , , , , , , , London and St Thomas 403, , , , , , , , Niagara Region 418, , , , , , , , Ottawa 412, , , , , , , , Sudbury 249, , , , , , , , Thunder Bay 218, , , , , , , , Greater Toronto 810, , , , , , , , Windsor-Essex 321, , , , , , , , Trois Rivières CMA 163, , n/a n/a - 162, , , , Montreal CMA 397, , n/a n/a - 398, , , , Gatineau CMA 262, , n/a n/a - 264, , , , Quebec CMA 284, , n/a n/a - 278, , , , Saguenay CMA 194, , n/a n/a - 196, , , , Sherbrooke CMA 235, , n/a n/a - 235, , , , Saint John 158, , , , , , , , Halifax-Dartmouth 291, , , , , , , , Newfoundland & Labrador 241, , , , , , , , Canada 491, , , , , , , , * Weighted residential average prices for Quebec (provided by Québec Federation of Real Estate Boards); does not affect weighted and unweighted national average price calculations. Information on Quebec's weighted average price calculation can be found at: Detailed data for the Toronto Real Estate Board (TREB) market area can be found at 1 Total = + Non-residential Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years.

17 Sales as a Percentage of New Listings over MLS Systems of Select Canadian Real Estate Boards & Associations Sales as a Percentage of New Listings* Fraser Valley Greater Vancouver Victoria Calgary Edmonton Regina Saskatoon Winnipeg Hamilton-Burlington Kitchener-Waterloo London and St Thomas Niagara Region Ottawa Sudbury Thunder Bay Greater Toronto Windsor-Essex Trois Rivières CMA Montreal CMA Gatineau CMA Quebec CMA Saguenay CMA Sherbrooke CMA Saint John Halifax-Dartmouth Newfoundland & Labrador Canada *Actual (not seasonally adjusted) data for sales-to-new listings ratios are based on a 12-month moving average Detailed data for the Toronto Real Estate Board (TREB) market area can be found at 1 Total = + Non-residential Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years.

18 Dollar Volume over MLS Systems of Select Canadian Real Estate Boards & Associations Year to date Dollar Volume* Fraser Valley 9, , , , , , , , Greater Vancouver 22, , , , , , , , Victoria 4, , , , , , , , Calgary 8, , , , , , , , Edmonton 6, , , , , , , , Regina Saskatoon 1, , , , , , , , Winnipeg 3, , , , , , , , Hamilton-Burlington 5, , , , , , , , Kitchener-Waterloo 2, , , , , , , , London and St Thomas 3, , , , , , , , Niagara Region 2, , , , , , , , Ottawa 6, , , , , , , , Sudbury Thunder Bay Greater Toronto 50, , , , , , , , Windsor-Essex 1, , , , , , , , Trois Rivières CMA Montreal CMA 15, , , , , , , , Gatineau CMA 1, , , Quebec CMA 1, , , , , , , , Saguenay CMA Sherbrooke CMA Saint John Halifax-Dartmouth 1, , , , , , , , Newfoundland & Labrador Canada 195, , , , , , , , * in millions of dollars Detailed data for the Toronto Real Estate Board (TREB) market area can be found at 1 Total = + Non-residential Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years.

19 Sales Activity over MLS Systems of Select Canadian Real Estate Boards & Associations Year to date Sales Activity Fraser Valley 13,237 18, ,812 19, ,536 17, ,121 18, Greater Vancouver 22,146 31, ,998 32, ,431 30, ,324 31, Victoria 5,937 7, ,277 7, ,619 6, ,969 7, Calgary 18,199 20, ,164 21, ,236 19, ,091 20, Edmonton 15,961 16, ,971 17, ,413 15, ,414 17, Regina 2,654 2, ,796 2, ,542 2, ,687 2, Saskatoon 3,854 3, ,074 4, ,624 3, ,843 3, Winnipeg 10,621 11, ,319 12, ,005 10, ,677 11, Hamilton-Burlington 9,879 12, ,575 12, ,477 11, ,286 12, Kitchener-Waterloo 5,170 6, ,398 6, ,873 5, ,140 6, London and St Thomas 8,506 10, ,025 10, ,018 9, ,582 10, Niagara Region 5,340 6, ,352 6, ,877 6, ,926 5, Ottawa 15,229 14, ,476 15, ,489 14, ,865 15, Sudbury 2,404 2, ,524 2, ,028 2, ,150 2, Thunder Bay 2,073 2, ,156 2, ,887 1, ,962 1, Greater Toronto 64,897 76, ,877 80, ,723 76, ,877 80, Windsor-Essex 5,889 6, ,250 7, ,400 5, ,790 6, Trois Rivières CMA 990 1, ,025 1, Montreal CMA 40,019 38, ,702 39, ,709 36, ,345 38, Gatineau CMA 3,928 3, ,181 3, ,722 3, ,962 3, Quebec CMA 6,181 6, ,383 6, ,872 5, ,082 5, Saguenay CMA 1, , , Sherbrooke CMA 1,708 1, ,780 1, ,530 1, ,599 1, Saint John 1,872 1, ,022 2, ,650 1, ,797 1, Halifax-Dartmouth 5,113 4, ,472 5, ,888 4, ,235 4, Newfoundland & Labrador 3,325 3, ,398 3, ,120 3, ,195 3, Canada 407, , , , , , , , Detailed data for the Toronto Real Estate Board (TREB) market area can be found at 1 Total = + Non-residential Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years.

20 New Listings over MLS Systems of Select Canadian Real Estate Boards & Associations Year to date New Listings Fraser Valley 26,602 26, ,002 29, ,984 23, ,559 26, Greater Vancouver 48,225 47, ,570 52, ,681 44, ,078 49, Victoria 10,129 10, ,057 11, ,038 9, ,999 10, Calgary 41,618 40, ,841 43, ,254 36, ,307 39, Edmonton 36,775 34, ,913 37, ,806 32, ,849 35, Regina 6,783 7, ,341 7, ,109 6, ,580 6, Saskatoon 10,206 11, ,929 12, ,113 10, ,806 10, Winnipeg 19,624 19, ,547 21, ,541 17, ,281 19, Hamilton-Burlington 16,617 18, ,531 20, ,390 17, ,241 18, Kitchener-Waterloo 8,020 8, ,566 9, ,249 7, ,844 8, London and St Thomas 11,779 13, ,837 14, ,599 12, ,638 13, Niagara Region 9,421 9, ,807 9, ,206 8, ,594 8, Ottawa 23,971 24, ,036 27, ,401 22, ,488 24, Sudbury 4,487 4, ,810 5, ,283 3, ,546 3, Thunder Bay 3,122 3, ,375 3, ,628 2, ,856 3, Greater Toronto 130, , , , , , , , Windsor-Essex 8,600 9, ,040 9, ,266 7, ,827 8, Trois Rivières CMA 1,762 1, ,844 1, ,532 1, ,601 1, Montreal CMA 60,690 64, ,560 66, ,774 59, ,304 62, Gatineau CMA 7,408 7, ,940 8, ,554 6, ,067 7, Quebec CMA 12,647 12, ,164 12, ,455 11, ,986 11, Saguenay CMA 2,257 2, ,421 2, ,034 1, ,187 2, Sherbrooke CMA 3,054 3, ,131 3, ,574 2, ,639 2, Saint John 4,169 4, ,516 5, ,189 3, ,515 3, Halifax-Dartmouth 8,694 9, ,553 9, ,709 8, ,370 8, Newfoundland & Labrador 11,672 11, ,593 11, ,527 8, ,301 9, Canada 779, , , , , , , , Detailed data for the Toronto Real Estate Board (TREB) market area can be found at 1 Total = + Non-residential Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years.

21 Average Sale Price over MLS Systems of Select Canadian Real Estate Boards & Associations Year to date Average Price* Fraser Valley 749, , , , , , , , Greater Vancouver 1,038,631 1,018, ,046,998 1,032, ,039,984 1,016, ,049,363 1,030, Victoria 700, , , , , , , , Calgary 477, , , , , , , , Edmonton 374, , , , , , , , Regina 310, , , , , , , , Saskatoon 328, , , , , , , , Winnipeg 292, , , , , , , , Hamilton-Burlington 563, , , , , , , , Kitchener-Waterloo 502, , , , , , , , London and St Thomas 376, , , , , , , , Niagara Region 408, , , , , , , , Ottawa 406, , , , , , , , Sudbury 248, , , , , , , , Thunder Bay 223, , , , , , , , Greater Toronto 781, , , , , , , , Windsor-Essex 298, , , , , , , , Trois Rivières CMA 168, , n/a n/a - 161, , , , Montreal CMA 388, , n/a n/a - 384, , , , Gatineau CMA 257, , n/a n/a - 260, , , , Quebec CMA 278, , n/a n/a - 272, , , , Saguenay CMA 185, , n/a n/a - 185, , , , Sherbrooke CMA 251, , n/a n/a - 245, , , , Saint John 175, , , , , , , , Halifax-Dartmouth 295, , , , , , , , Newfoundland & Labrador 242, , , , , , , , Canada 482, , , , , , , , * Weighted residential average prices for Quebec (provided by Québec Federation of Real Estate Boards); does not affect weighted and unweighted national average price calculations. Information on Quebec's weighted average price calculation can be found at: Detailed data for the Toronto Real Estate Board (TREB) market area can be found at 1 Total = + Non-residential Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years.

22 Sales as a Percentage of New Listings over MLS Systems of Select Canadian Real Estate Boards & Associations Year to date Sales as a Percentage of New Listings Fraser Valley Greater Vancouver Victoria Calgary Edmonton Regina Saskatoon Winnipeg Hamilton-Burlington Kitchener-Waterloo London and St Thomas Niagara Region Ottawa Sudbury Thunder Bay Greater Toronto Windsor-Essex Trois Rivières CMA Montreal CMA Gatineau CMA Quebec CMA Saguenay CMA Sherbrooke CMA Saint John Halifax-Dartmouth Newfoundland & Labrador Canada Detailed data for the Toronto Real Estate Board (TREB) market area can be found at 1 Total = + Non-residential Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years.

23 Dollar Volume & Sales Activity over MLS Systems of Canadian Real Estate Boards & Associations s.a. 2 nsa 3 s.a. 2 nsa 3 Dollar Volume* British Columbia 4, , , , , , , , Alberta 1, , , , , , , , Saskatchewan Manitoba Ontario 9, , , , , , , , Quebec 2, , , , , , , , New Brunswick Nova Scotia Prince Edward Island Newfoundland & Labrador Northwest Territories Yukon Canada 20, , , , , , , , Sales Activity British Columbia 6,915 6, ,924 9, ,429 6, ,411 8, Alberta 4,528 4, ,472 4, ,194 4, ,203 4, Saskatchewan Manitoba 1,221 1, ,252 1, ,147 1, ,159 1, Ontario 17,337 17, ,227 18, ,551 16, ,362 17, Quebec 7,922 7, ,570 6, ,460 7, ,053 6, New Brunswick Nova Scotia 974 1, Prince Edward Island Newfoundland & Labrador Northwest Territories Yukon Canada 41,191 41, ,961 43, ,711 39, ,313 40, * in millions of dollars 1 Total = + Non-residential Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years.

24 New Listings and Average Sale Price over MLS Systems of Canadian Real Estate Boards & Associations s.a. 2 nsa 3 s.a. 2 nsa 3 New Listings British Columbia 14,886 14, ,985 12, ,041 13, ,421 11, Alberta 10,556 10, ,340 9, ,439 9, ,379 8, Saskatchewan 2,444 2, ,252 2, ,110 2, ,936 2, Manitoba 2,280 2, ,104 2, ,026 2, ,870 1, Ontario 31,147 31, ,989 30, ,027 29, ,912 28, Quebec 13,475 13, ,955 13, ,943 11, ,325 12, New Brunswick 1,465 1, ,253 1, ,138 1, , Nova Scotia 1,927 1, ,697 1, ,455 1, ,246 1, Prince Edward Island Newfoundland & Labrador 1,088 1, ,096 1, , Northwest Territories Yukon Canada 79,778 80, ,084 75, ,437 72, ,276 68, Average Price* British Columbia 692, , , , , , , , Alberta 397, , , , , , , , Saskatchewan 291, , , , , , , , Manitoba 291, , , , , , , , Ontario 570, , , , , , , , Quebec 312, , n/a n/a - 315, , , , New Brunswick 165, , , , , , , , Nova Scotia 215, , , , , , , , Prince Edward Island 163, , , , , , , , Newfoundland & Labrador 241, , , , , , , , Northwest Territories 427, , , , , , , , Yukon 392, , , , , , , , Canada 491, , , , , , , , * Provincial weighted residential average price for Quebec (provided by Québec Federation of Real Estate Boards); does not affect weighted and unweighted national average price calculations. Information on Quebec's weighted average price calculation can be found at: 1 Total = + Non-residential Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years.

25 Months of Inventory and Sales as a Percentage of New Listings over MLS Systems of Canadian Real Estate Boards & Associations Sales as a Percentage of New Listings* s.a. 2 nsa 3 s.a. 2 nsa 3 British Columbia Alberta Saskatchewan Manitoba Ontario Quebec New Brunswick Nova Scotia Prince Edward Island Newfoundland & Labrador Northwest Territories Yukon Canada Months of Inventory* British Columbia Alberta Saskatchewan Manitoba Ontario Quebec New Brunswick Nova Scotia Prince Edward Island Newfoundland & Labrador Northwest Territories Yukon Canada *Actual (not seasonally adjusted) data for sales to new listings ratios and months of inventory are based on a 12 month moving average 1 Total = + Non-residential Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years.

26 Dollar Volume & Sales Activity over MLS Systems of Canadian Real Estate Boards & Associations Year to date Dollar Volume* British Columbia 49, , , , , , , , Alberta 18, , , , , , , , Saskatchewan 2, , , , , , , , Manitoba 3, , , , , , , , Ontario 92, , , , , , , , Quebec 23, , , , , , , , New Brunswick 1, , , , , , , , Nova Scotia 2, , , , , , , , Prince Edward Island Newfoundland & Labrador Northwest Territories Yukon Canada 195, , , , , , , , Sales Activity British Columbia 71,734 91, ,097 96, ,365 85, ,668 90, Alberta 46,994 49, ,806 52, ,390 46, ,108 50, Saskatchewan 9,305 9, ,801 10, ,631 9, ,131 9, Manitoba 12,108 12, ,878 13, ,357 11, ,091 12, Ontario 166, , , , , , , , Quebec 76,231 72, ,413 75, ,718 68, ,792 71, New Brunswick 7,582 7, ,898 7, ,880 6, ,198 7, Nova Scotia 10,274 9, ,989 10, ,190 8, ,797 9, Prince Edward Island 2,176 2, ,338 2, ,702 1, ,798 1, Newfoundland & Labrador 3,325 3, ,398 3, ,120 3, ,195 3, Northwest Territories Yukon Canada 407, , , , , , , , * in millions of dollars 1 Total = + Non-residential Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years.

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