News Release. Canadian home sales little changed in November Ottawa, ON, December 16, The Canadian Real Estate Association

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1 The Canadian Real Estate Association News Release Canadian home sales little d in November Ottawa, ON, December 16, 2013 According to statistics 1 released today by The Canadian Real Estate Association (CREA), national home sales were little d in November compared to October. Highlights: National home sales edged 0.1% lower from October to November. Actual (not seasonally adjusted) activity was 5.9% above November 2012 levels. The number of newly listed homes rose 1.8% from October to November. The Canadian housing market remains in balanced territory. The national average sale price rose 9.8% on a basis in November. The MLS Home Price Index (HPI) rose 4.1% in November. The number of home sales processed through the MLS Systems of Canadian real estate Boards and Associations and other co-operative listing systems was little d in compared to October, edging down by one tenth of one per cent. National sales activity in November stood 3.4 per cent below the peak reached in September, providing further evidence that activity in the later summer and early fall was likely boosted by homebuyers with pre-approved mortgages at lower than current interest rates jumping into the market before their pre-approvals expired. Tightened mortgage regulations, combined with the recent increase in the five-year mortgage rate, have affected housing markets differently depending on their location, said CREA President Laura Leyser. Because all real estate is local, your REALTOR remains your best resource for understanding how the housing market is shaping up where you live or might like to. Local markets where sales improved on a month-over-month basis ran roughly even with the number in which activity edged back in November, with a decline in Greater Toronto offsetting an increase in Greater Vancouver. Chart A November s seasonally adjusted sales figure stood slightly above (0.7 per cent) but roughly in line with the average for sales over the past 10 years (Chart A). Actual (not seasonally adjusted) activity was up 5.9 per cent from November Year-over-year increases were posted in about half of all local markets, led by gains in Greater Vancouver, Calgary, Edmonton, and Greater Toronto. On an actual (not seasonally adjusted) basis, a total of 434,678 homes have traded hands across the country so far this year. Data table available to media upon request, for purposes of reprinting only. 1 All figures in this release, unless otherwise noted, are seasonally adjusted to remove normal seasonal variation. Removing regular seasonal variations enables analysis of s and fundamental trends in the data. 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 The Canadian Real Estate Association News Release Chart B This represents an increase of 0.2 per cent compared to levels recorded in the first 11 months of 2012 (Chart B). While there has been a lot of volatility in sales activity from month to month, sales for the year to date are on par with fairly steady levels posted for the same time period in each of the past five years, said CREA Chief Economist Gregory Klump. The number of newly listed homes rose 1.8 per cent on a month-over-month basis in November. New supply was up in a little over half of all local markets, with a jump in BC s Lower Mainland outstripping small declines in Greater Toronto and Ottawa. With sales activity flat on a month-overmonth basis and new listings up, the national sales-to-new listings ratio slipped Data table available to media upon request, for purposes of reprinting only. to 53.4 per cent in November compared to 54.5 per cent in October. This remains well within balanced market territory, as has been the case since early Based on a sales-to-new listings ratio of between 40 to 60 per cent, about three out of every five local markets were in balanced market territory in November. The number of months of inventory is another important measure of balance between housing supply and demand. It represents the number of months it would take to completely liquidate current inventories at the current rate of sales activity. There were 6.0 months of inventory at the national level at the end of November, und from one month earlier. As with the sales-to-new listings ratio, the current level of the months of inventory measure indicates that the Canadian housing market remains well balanced. Chart C Most housing markets are in balanced market territory, including in many large urban centres where sales are below peaks reached earlier this year, said Klump. On balance, current trends provide more evidence that the Canadian housing market remains well behaved while interest rates remain low. The actual (not seasonally adjusted) national average price for homes sold in November 2013 was $391,085, an increase of 9.8 per cent from the same month last year. Data table available to media upon request, for purposes of reprinting only. 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 The Canadian Real Estate Association News Release The size of average price gains continues to reflect the decline in sales activity last year in some of Canada s larger and more expensive markets which caused the national average price to drop at that time. Removing Greater Vancouver and Greater Toronto from national average price calculations, the increase is more than cut in half to 4.3 per cent. The MLS Home Price Index (MLS HPI) provides a better gauge of price trends, as it is not affected by s in the mix of sales activity the way that average price is. The Aggregate Composite MLS HPI rose 4.11 per cent compared to November Year-over-year price growth picked up among all property types tracked by the index with the exception of townhouse/row units. (Chart C) Year-over-year price gains were led by one-storey single family homes (+4.88 per cent). This was closely followed by twostorey single family homes (+4.59 per cent), townhouse/row units (+3.13 per cent) and apartment units (+2.46 per cent). Year-over-year price growth in the MLS HPI was mixed across housing markets tracked by the index, led by Calgary (+8.82 per cent) and Greater Toronto (+5.69 per cent). Greater Vancouver recorded the first increase (+1.02 per cent) since prices turned lower last year (Table 1). Table 1 MLS Home Price Index January 2005 = 100 Percentage Change vs. Composite HPI: November 1 month 3 months 6 months 12 months 2013 ago ago ago ago 3 years ago 5 years ago Aggregate Lower Mainland Greater Vancouver Fraser Valley Vancouver Island Victoria Calgary Regina Saskatoon Greater Toronto Ottawa Greater Montreal 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 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 The Canadian Real Estate Association News Release 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, representing more than 106,000 REALTORS working through more than 90 real estate Boards and Associations. Further information can be found at For more information, please contact: Pierre Leduc, Media Relations The Canadian Real Estate Association Tel.: or pleduc@crea.ca 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 The Canadian Real Estate Association News Release 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 The Canadian Real Estate Association News Release 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 The Canadian Real Estate Association News Release 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 The Canadian Real Estate Association News Release 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 The Canadian Real Estate Association News Release 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 Dollar Volume over MLS Systems of Select Canadian Real Estate Boards & Associations Dollar Volume* Fraser Valley Vancouver 2, , , , , , , , Victoria Calgary 1, , , , , Edmonton Regina Saskatoon Winnipeg Hamilton-Burlington Kitchener-Waterloo London and St Thomas Ottawa St. Catharines Sudbury Thunder Bay Toronto 4, , , , , , , , Windsor-Essex Trois Rivières CMA Montreal CMA 1, , Gatineau CMA Quebec CMA Saguenay CMA Sherbrooke CMA Saint John Halifax-Dartmouth Newfoundland & Labrador Canada 16, , , , , , , , * in millions of dollars Detailed data for the Toronto Real Estate Board (TREB) market area can be found at Includes non-member data 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 2002 are not directly comparable with earlier years.

11 Sales Activity over MLS Systems of Select Canadian Real Estate Boards & Associations Sales Activity Fraser Valley 1,192 1, ,120 1, Vancouver 2,807 2, ,458 1, ,720 2, ,390 1, Victoria Calgary 2,778 2, ,275 1, ,662 2, ,173 1, Edmonton 1,934 1, ,464 1, ,720 1, ,291 1, Regina Saskatoon Winnipeg 1,128 1, ,050 1, Hamilton-Burlington 1,267 1, , ,209 1, , Kitchener-Waterloo London and St Thomas Ottawa 1,199 1, ,164 1, St. Catharines Sudbury Thunder Bay Toronto 7,466 7, ,391 5, ,516 7, ,391 5, Windsor-Essex Trois Rivières CMA Montreal CMA 3,212 3, ,754 2, ,110 3, ,629 2, Gatineau CMA Quebec CMA Saguenay CMA Sherbrooke CMA Saint John Halifax-Dartmouth Newfoundland & Labrador Canada 41,788 41, ,843 33, ,177 39, ,411 30, Detailed data for the Toronto Real Estate Board (TREB) market area can be found at Includes non-member data 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 2002 are not directly comparable with earlier years.

12 New Listings over MLS Systems of Select Canadian Real Estate Boards & Associations New Listings Fraser Valley 2,592 2, ,774 1, ,313 2, ,523 1, Vancouver 5,297 5, ,582 3, ,097 4, ,347 2, Victoria 1,093 1, Calgary 4,073 4, ,638 2, ,680 3, ,395 2, Edmonton 2,990 2, ,949 2, ,441 2, ,591 1, Regina Saskatoon 1,096 1, ,045 1, Winnipeg 1,823 1, ,247 1, ,650 1, , Hamilton-Burlington 1,822 1, ,298 1, ,666 1, ,177 1, Kitchener-Waterloo 1,178 1, London and St Thomas 1,601 1, ,189 1, ,408 1, , Ottawa 2,566 2, ,764 1, ,460 2, ,664 1, St. Catharines Sudbury Thunder Bay Toronto 12,971 13, ,345 9, ,932 13, ,345 9, Windsor-Essex Trois Rivières CMA Montreal CMA 6,731 6, ,879 6, ,317 6, ,453 5, Gatineau CMA Quebec CMA 1,119 1, , ,024 1, Saguenay CMA Sherbrooke CMA Saint John Halifax-Dartmouth 1,140 1, Newfoundland & Labrador 1,112 1, Canada 82,774 81, ,677 60, ,303 72, ,031 52, Detailed data for the Toronto Real Estate Board (TREB) market area can be found at Includes non-member data 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 2002 are not directly comparable with earlier years.

13 Average Sale Price over MLS Systems of Select Canadian Real Estate Boards & Associations Average Price* Fraser Valley 529, , , , , , , , Vancouver 806, , , , , , , , Victoria 446, , , , , , , , Calgary 463, , , , , , , , Edmonton 354, , , , , , , , Regina 319, , , , , , , , Saskatoon 341, , , , , , , , Winnipeg 263, , , , , , , , Hamilton-Burlington 364, , , , , , , , Kitchener-Waterloo 314, , , , , , , , London and St Thomas 266, , , , , , , , Ottawa 357, , , , , , , , St. Catharines 249, , , , , , , , Sudbury 233, , , , , , , , Thunder Bay 191, , , , , , , , Toronto 542, , , , , , , , Windsor-Essex 186, , , , , , , , Trois Rivières CMA 171, , n/a n/a - 152, , , , Montreal CMA 320, , n/a n/a - 318, , , , Gatineau CMA 245, , n/a n/a - 243, , , , Quebec CMA 258, , n/a n/a - 264, , , , Saguenay CMA 197, , n/a n/a - 194, , , , Sherbrooke CMA 225, , n/a n/a - 222, , , , Saint John 170, , , , , , , , Halifax-Dartmouth 265, , , , , , , , Newfoundland & Labrador 275, , , , , , , , Canada 386, , , , , , , , * 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 Includes non-member data 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 2002 are not directly comparable with earlier years.

14 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 Vancouver Victoria Calgary Edmonton Regina Saskatoon Winnipeg Hamilton-Burlington Kitchener-Waterloo London and St Thomas Ottawa St. Catharines Sudbury Thunder Bay 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 Includes non-member data 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 2002 are not directly comparable with earlier years.

15 Dollar Volume over MLS Systems of Select Canadian Real Estate Boards & Associations Year to date Dollar Volume* Fraser Valley 6, , , , , , , , Vancouver 20, , , , , , , , Victoria 2, , , , , , , , Calgary 12, , , , , , , , Edmonton 7, , , , , , , , Regina 1, , , , , , , , Saskatoon 1, , , , , , , , Winnipeg 3, , , , , , , , Hamilton-Burlington 4, , , , , , , , Kitchener-Waterloo 2, , , , , , , , London and St Thomas 1, , , , , , , , Ottawa 4, , , , , , , , St. Catharines Sudbury Thunder Bay Toronto 42, , , , , , , , Windsor-Essex , Trois Rivières CMA Montreal CMA 11, , , , , , , , Gatineau CMA Quebec CMA 1, , , , , , , , Saguenay CMA Sherbrooke CMA Saint John Halifax-Dartmouth 1, , , , , , , , Newfoundland & Labrador 1, , , , , , , , Canada 167, , , , , , , , * in millions of dollars Detailed data for the Toronto Real Estate Board (TREB) market area can be found at Includes non-member data 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 2002 are not directly comparable with earlier years.

16 Sales Activity over MLS Systems of Select Canadian Real Estate Boards & Associations Year to date Sales Activity Fraser Valley 12,412 12, ,810 13, ,705 12, ,080 12, Vancouver 26,744 24, ,649 24, ,046 23, ,995 24, Victoria 5,452 5, ,643 5, ,181 5, ,369 5, Calgary 28,697 25, ,868 26, ,360 24, ,490 25, Edmonton 20,182 18, ,971 19, ,896 16, ,636 16, Regina 3,474 3, ,600 3, ,368 3, ,495 3, Saskatoon 5,232 5, ,433 5, ,095 5, ,296 5, Winnipeg 11,788 11, ,293 12, ,054 11, ,490 11, Hamilton-Burlington 12,844 12, ,362 13, ,275 12, ,782 12, Kitchener-Waterloo 6,389 6, ,640 6, ,940 5, ,182 6, London and St Thomas 7,719 7, ,001 8, ,394 7, ,690 7, Ottawa 13,282 13, ,828 14, ,895 13, ,434 13, St. Catharines 2,457 2, ,571 2, ,319 2, ,437 2, Sudbury 2,343 2, ,430 2, ,113 2, ,204 2, Thunder Bay 2,114 2, ,209 2, ,867 1, ,954 1, Toronto 81,358 81, ,868 84, ,366 81, ,868 84, Windsor-Essex 5,231 5, ,425 5, ,900 4, ,074 4, Trois Rivières CMA 920 1, , Montreal CMA 35,189 38, ,750 39, ,928 37, ,515 38, Gatineau CMA 3,458 3, ,566 3, ,281 3, ,377 3, Quebec CMA 6,175 6, ,262 7, ,847 6, ,936 6, Saguenay CMA 1,200 1, ,223 1, ,097 1, ,124 1, Sherbrooke CMA 1,701 1, ,738 1, ,570 1, ,580 1, Saint John 1,699 1, ,782 1, ,462 1, ,525 1, Halifax-Dartmouth 5,069 6, ,245 6, ,744 5, ,936 6, Newfoundland & Labrador 4,385 4, ,370 4, ,021 4, ,995 4, Canada 446, , , , , , , , Detailed data for the Toronto Real Estate Board (TREB) market area can be found at Includes non-member data 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 2002 are not directly comparable with earlier years.

17 New Listings over MLS Systems of Select Canadian Real Estate Boards & Associations Year to date New Listings Fraser Valley 27,005 28, ,324 30, ,902 25, ,088 27, Vancouver 53,991 58, ,268 61, ,474 55, ,533 58, Victoria 11,761 13, ,357 13, ,499 11, ,041 12, Calgary 43,776 43, ,245 45, ,118 38, ,381 40, Edmonton 34,504 36, ,421 38, ,511 28, ,099 30, Regina 6,913 6, ,308 6, ,545 5, ,916 6, Saskatoon 10,883 9, ,524 10, ,317 9, ,936 9, Winnipeg 18,461 17, ,724 18, ,439 15, ,553 16, Hamilton-Burlington 18,886 18, ,941 19, ,284 16, ,288 17, Kitchener-Waterloo 12,226 12, ,859 12, ,309 10, ,866 11, London and St Thomas 17,133 17, ,032 17, ,980 14, ,785 15, Ottawa 28,892 27, ,634 29, ,353 25, ,065 27, St. Catharines 4,626 4, ,869 4, ,062 4, ,269 4, Sudbury 5,264 4, ,535 5, ,085 3, ,300 4, Thunder Bay 3,312 3, ,526 3, ,613 2, ,795 2, Toronto 144, , , , , , , , Windsor-Essex 10,516 10, ,004 11, ,626 8, ,023 9, Trois Rivières CMA 2,086 1, ,136 1, ,851 1, ,895 1, Montreal CMA 75,669 75, ,161 78, ,228 70, ,558 73, Gatineau CMA 8,047 7, ,415 8, ,351 6, ,638 7, Quebec CMA 12,875 12, ,308 13, ,711 11, ,109 12, Saguenay CMA 2,686 2, ,815 2, ,368 2, ,491 2, Sherbrooke CMA 3,546 3, ,689 3, ,056 3, ,152 3, Saint John 5,312 5, ,581 5, ,901 4, ,094 4, Halifax-Dartmouth 11,495 11, ,161 11, ,934 9, ,537 10, Newfoundland & Labrador 11,436 10, ,021 10, ,269 8, ,711 8, Canada 902, , , , , , , , Detailed data for the Toronto Real Estate Board (TREB) market area can be found at Includes non-member data 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 2002 are not directly comparable with earlier years.

18 Average Sale Price over MLS Systems of Select Canadian Real Estate Boards & Associations Year to date Average Price* Fraser Valley 484, , , , , , , , Vancouver 761, , , , , , , , Victoria 469, , , , , , , , Calgary 448, , , , , , , , Edmonton 351, , , , , , , , Regina 322, , , , , , , , Saskatoon 335, , , , , , , , Winnipeg 256, , , , , , , , Hamilton-Burlington 385, , , , , , , , Kitchener-Waterloo 342, , , , , , , , London and St Thomas 253, , , , , , , , Ottawa 350, , , , , , , , St. Catharines 268, , , , , , , , Sudbury 236, , , , , , , , Thunder Bay 185, , , , , , , , Toronto 520, , , , , , , , Windsor-Essex 183, , , , , , , , Trois Rivières CMA 167, , n/a n/a - 157, , , , Montreal CMA 327, , n/a n/a - 326, , , , Gatineau CMA 240, , n/a n/a - 242, , , , Quebec CMA 269, , n/a n/a - 268, , , , Saguenay CMA 184, , n/a n/a - 192, , , , Sherbrooke CMA 226, , n/a n/a - 229, , , , Saint John 164, , , , , , , , Halifax-Dartmouth 266, , , , , , , , Newfoundland & Labrador 274, , , , , , , , Canada 374, , , , , , , , * 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 Includes non-member data 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 2002 are not directly comparable with earlier years.

19 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 Vancouver Victoria Calgary Edmonton Regina Saskatoon Winnipeg Hamilton-Burlington Kitchener-Waterloo London and St Thomas Ottawa St. Catharines Sudbury Thunder Bay 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 Includes non-member data 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 2002 are not directly comparable with earlier years.

20 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 3, , , , , , , , Alberta 2, , , , , , , , Saskatchewan Manitoba Ontario 7, , , , , , , , Quebec 1, , , , , , , , New Brunswick Nova Scotia Prince Edward Island Newfoundland & Labrador Northwest Territories Yukon Canada 16, , , , , , , , Sales Activity British Columbia 7,043 6, ,957 5, ,519 6, ,490 4, Alberta 6,204 6, ,934 4, ,754 5, ,563 4, Saskatchewan 1,273 1, , ,173 1, Manitoba 1,287 1, ,203 1, Ontario 17,682 17, ,790 13, ,817 16, ,958 13, Quebec 6,301 6, ,360 5, ,925 5, ,961 5, New Brunswick Nova Scotia Prince Edward Island Newfoundland & Labrador Northwest Territories Yukon Canada 41,788 41, ,843 33, ,177 39, ,411 30, * in millions of dollars Includes member and non-member data 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 2002 are not directly comparable with earlier years.

21 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 14,722 13, ,845 9, ,062 12, ,459 8, Alberta 10,013 9, ,522 6, ,647 8, ,627 5, Saskatchewan 2,681 2, ,787 1, ,435 2, ,578 1, Manitoba 2,090 2, ,417 1, ,909 1, ,264 1, Ontario 33,336 33, ,774 24, ,138 30, ,156 21, Quebec 14,263 14, ,315 12, ,768 12, ,879 11, New Brunswick 1,629 1, ,110 1, ,226 1, Nova Scotia 2,374 2, ,662 1, ,793 1, ,242 1, Prince Edward Island Newfoundland & Labrador 1,112 1, Northwest Territories Yukon Canada 82,774 81, ,677 60, ,303 72, ,031 52, Average Price* British Columbia 552, , , , , , , , Alberta 397, , , , , , , , Saskatchewan 298, , , , , , , , Manitoba 255, , , , , , , , Ontario 403, , , , , , , , Quebec 257, , n/a n/a - 263, , , , New Brunswick 153, , , , , , , , Nova Scotia 200, , , , , , , , Prince Edward Island 147, , , , , , , , Newfoundland & Labrador 275, , , , , , , , Northwest Territories 341, , , , , , , , Yukon 365, , , , , , , , Canada 386, , , , , , , , * 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: Includes member and non-member data 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 2002 are not directly comparable with earlier years.

22 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 Includes member and non-member data 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 2002 are not directly comparable with earlier years.

23 Dollar Volume & Sales Activity over MLS Systems of Canadian Real Estate Boards & Associations Year to date Dollar Volume* British Columbia 36, , , , , , , , Alberta 25, , , , , , , , Saskatchewan 3, , , , , , , , Manitoba 3, , , , , , , , Ontario 75, , , , , , , , Quebec 18, , , , , , , , New Brunswick 1, , , , Nova Scotia 1, , , , , , , , Prince Edward Island Newfoundland & Labrador 1, , , , , , , , Northwest Territories Yukon Canada 167, , , , , , , , Sales Activity British Columbia 70,627 67, ,205 69, ,995 62, ,510 64, Alberta 65,324 60, ,925 62, ,478 55, ,945 57, Saskatchewan 13,109 13, ,610 14, ,379 12, ,874 13, Manitoba 13,460 13, ,042 14, ,623 12, ,117 13, Ontario 190, , , , , , , , Quebec 70,626 76, ,780 78, ,183 71, ,358 73, New Brunswick 6,560 6, ,806 7, ,757 5, ,980 6, Nova Scotia 9,587 10, ,911 11, ,363 9, ,688 9, Prince Edward Island 1,744 2, ,732 2, ,365 1, ,365 1, Newfoundland & Labrador 4,385 4, ,370 4, ,021 4, ,995 4, Northwest Territories Yukon Canada 446, , , , , , , , * in millions of dollars Includes member and non-member data 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 2002 are not directly comparable with earlier years.

24 New Listings and Average Sale Price over MLS Systems of Canadian Real Estate Boards & Associations Year to date New Listings British Columbia 155, , , , , , , , Alberta 110, , , , ,264 95, ,569 99, Saskatchewan 27,522 25, ,085 26, ,021 22, ,506 24, Manitoba 21,434 19, ,889 21, ,146 17, ,422 18, Ontario 366, , , , , , , , Quebec 160, , , , , , , , New Brunswick 18,138 18, ,041 19, ,995 14, ,680 14, Nova Scotia 24,647 24, ,003 25, ,996 18, ,151 19, Prince Edward Island 5,043 4, ,367 4, ,238 2, ,437 3, Newfoundland & Labrador 11,436 10, ,021 10, ,269 8, ,711 8, Northwest Territories Yukon Canada 902, , , , , , , , Average Price* British Columbia 522, , , , , , , , Alberta 388, , , , , , , , Saskatchewan 294, , , , , , , , Manitoba 249, , , , , , , , Ontario 392, , , , , , , , Quebec 261, , n/a n/a - 270, , , , New Brunswick 153, , , , , , , , Nova Scotia 204, , , , , , , , Prince Edward Island 143, , , , , , , , Newfoundland & Labrador 274, , , , , , , , Northwest Territories 389, , , , , , , , Yukon 334, , , , , , , , Canada 374, , , , , , , , * 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: Includes member and non-member data 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 2002 are not directly comparable with earlier years.