The Canadian Real Estate Association News Release

Transcription

1 The Canadian Real Estate Association News Release Canadian home sales fall in April Ottawa, ON, May 15, 2018 Statistics 1 released today by The Canadian Real Estate Association (CREA) show national home sales fell from March to. Highlights: National home sales fell 2.9% from March to April. Actual (not seasonally adjusted) activity was down 13.9% from April The number of newly listed homes declined 4.8% from March to April. The MLS Home Price Index (HPI) in April was up 1.5% (y-o-y). The national average sale price declined by 11.3% y-o-y in April. National home sales via Canadian MLS Systems declined by 2.9% in to the lowest level in more than five years (Chart A). About 60% of all local housing markets reported fewer sales, led by the Fraser Valley, Calgary, Ottawa and Montreal. Actual (not seasonally adjusted) activity was down 13.9% compared to April of last year and hit a seven-year low for the month. It also stood 6.9% below the 10-year average for the month. Activity was below year-ago levels in about 60% of all local markets, led overwhelmingly by the Lower Mainland of British Columbia and by markets in and around Ontario s Greater Golden Horseshoe (GGH) region. Chart A * Data table available to media upon request, for purposes of reprinting only. The stress-test that came into effect this year for homebuyers with more than a twenty percent down payment continued to cast its shadow over sales activity in April, said CREA President Barb Sukkau. Its impact on housing markets varies by region, she added. A professional REALTOR is your best source for information and guidance in negotiations to purchase or sell a home during these changing times, said Sukkau. This year s new stress test has lowered sales activity and destabilized market balance for housing markets in Alberta, Saskatchewan and Newfoundland and Labrador Provinces, said Gregory Klump, CREA s Chief Economist. This is exactly the type of collateral damage that CREA warned the government about. As provinces whose economic prospects have faced difficulties because they are closely tied to those of natural resources, it is puzzling that the government would describe the effect of its new policy as intended consequences. The number of newly listed homes declined 4.8% in April. Having reached a nine-year low for the month, new listings stood 12% below the 10-year moving average. 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 With sales having fallen by less than new listings, the national sales-to-new listings ratio firmed slightly to 53.7% in April compared to 52.6% in March. The long-term average for the measure is 53.4%. A national sales-to-new listings ratio of between 40% and 60% is generally consistent with a balanced national housing market, with readings below and above this range indicating buyers and sellers markets respectively; however, the range consistent with balanced market conditions varies at the local market level. For that reason, considering the degree and duration that market balance readings are above or below their long-term average is a better way of gauging whether local housing market conditions favour buyers or sellers. Market balance measures 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 its long-term average, about 60% of all local markets were in balanced market territory in. The number of months of inventory is another important measure for the balance between housing supply and demand. It represents how long it would take to liquidate current inventories at the current rate of sales activity. There were 5.6 months of inventory on a national basis at the end of, the highest level since September The long-term average for the measure is 5.2 months. Chart B The Aggregate Composite MLS Home Price Index (MLS HPI) was up 1.5% y-o-y in. This marks one full year of decelerating y-o-y gains. It was also the smallest y-o-y increase since October (Chart B) Decelerating y-o-y home price gains largely reflect trends among GGH housing markets tracked by the index. Home prices in the region have stabilized and have begun trending higher on a basis; however, rapid price gains recorded one year ago have contributed to deteriorating y-o-y price comparisons. * Data table available to media upon request, for purposes of reprinting only. Apartment units again posted the largest y-o-y price gains in April (+14.7%), followed by townhouse/row units (+6.5%). By contrast, one-storey and two-storey single family home prices were down (-1.1% and -4.8% y-o-y respectively). With this release, housing market coverage for MLS HPI now includes Barrie and District. Benchmark home prices in April were up from year-ago levels in 9 of the 15 markets tracked by the 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. 2

3 Composite benchmark home prices in the Lower Mainland of British Columbia continue to trend upward after having dipped briefly in the second half of 2016 (Greater Vancouver (GVA): +14.3% y-o-y; Fraser Valley: +22.7% y-o-y). Apartment and townhouse/row units have been largely driving this regional trend while single family home prices in the GVA have stabilized. In the Fraser Valley, single family home prices have now also begun to rise. Benchmark home prices continued to rise by about 14% on a y-o-y basis in Victoria and by about 20% elsewhere on Vancouver Island. Within the GGH region, price gains have slowed considerably on a y-o-y basis but remain above year-ago levels in Guelph (+5.9%). By contrast, home prices in the Greater Toronto Area (GTA), Oakville-Milton and Barrie and District were down from where they stood one year earlier (GTA: -5.2% y-o-y; Oakville-Milton: -8.7% y-o-y; Barrie and District: -8.4% y-o-y). This reflects rapid price gains recorded one year ago and masks recent month-over-month price gains in these markets. Calgary and Edmonton benchmark home prices were again little d on a y-o-y basis (Calgary: +0.1% y-o-y; Edmonton: -0.9% y-o-y), while prices in Regina and Saskatoon remained down from year-ago levels (-6.5% y-o-y and -3.4% y-o-y, respectively). Benchmark home prices rose by 8.4% y-o-y in Ottawa (led by a 9.4% increase in two-storey single family home prices), by 6.3% in Greater Montreal (led by a 7.3% increase in two-storey single family home prices) and by 4.2% in Greater Moncton (led by a 5.6% increase in one-storey single family home prices). (Table 1) The MLS HPI provides the best way of gauging 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 over $495,000, down 11.3% from one year earlier. The national average price is heavily skewed by sales in the GVA and GTA, two of Canada s most active and expensive markets. Excluding these two markets from calculations cuts more than $109,000 from the national average price to just under $386,100 and trims the y-o-y decline to 4.1%. 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: April 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 $634, Lower Mainland $1,000, Greater Vancouver $1,092, Fraser Valley $822, Vancouver Island $476, Victoria $666, Calgary $430, Edmonton $334, Regina $275, Saskatoon $294, Guelph $436, Oakville-Milton $719, Barrie and District $481, Greater Toronto $766, Ottawa $382, Greater Montreal $341, Greater Moncton $178, 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 125,000 REALTORS working through some 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. 4

5 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. 5

6 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. 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 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 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 Dollar Volume over MLS Systems of Select Canadian Real Estate Boards & Associations Dollar Volume* Fraser Valley 1, , , , , , , 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 4, , , , , , , , Windsor-Essex Trois Rivières CMA Montreal CMA 1, , , , , , , , Gatineau CMA Quebec CMA Saguenay CMA Sherbrooke CMA Saint John Halifax-Dartmouth Newfoundland & Labrador Canada 18, , , , , , , , * 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.

12 Sales Activity over MLS Systems of Select Canadian Real Estate Boards & Associations Sales Activity Fraser Valley 1,322 1, ,708 2, ,232 1, ,612 2, Greater Vancouver 2,195 2, ,720 3, ,083 2, ,631 3, Victoria Calgary 1,639 1, ,003 2, ,547 1, ,895 2, Edmonton 1,543 1, ,839 1, ,503 1, ,797 1, Regina Saskatoon Winnipeg 1,058 1, ,283 1, , ,211 1, Hamilton-Burlington ,169 1, ,129 1, Kitchener-Waterloo London and St Thomas ,002 1, , Niagara Region Ottawa 1,495 1, ,090 1, ,423 1, ,041 1, Sudbury Thunder Bay Greater Toronto 5,746 6, ,792 11, ,672 5, ,792 11, Windsor-Essex Trois Rivières CMA Montreal CMA 3,918 4, ,576 5, ,797 3, ,432 4, Gatineau CMA Quebec CMA Saguenay CMA Sherbrooke CMA Saint John Halifax-Dartmouth Newfoundland & Labrador Canada 38,840 40, ,924 56, ,297 37, ,344 53, 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.

13 New Listings over MLS Systems of Select Canadian Real Estate Boards & Associations New Listings Fraser Valley 2,729 2, ,429 2, ,450 2, ,188 2, Greater Vancouver 5,015 4, ,193 5, ,706 4, ,943 5, Victoria ,291 1, ,203 1, Calgary 4,344 4, ,103 4, ,930 3, ,607 4, Edmonton 3,607 3, ,491 4, ,410 3, ,284 3, Regina Saskatoon 1,014 1, ,254 1, ,104 1, Winnipeg 1,949 1, ,621 2, ,766 1, ,373 2, Hamilton-Burlington 1,639 1, ,111 2, ,588 1, ,983 2, Kitchener-Waterloo ,046 1, , London and St Thomas 1,110 1, ,512 1, , ,377 1, Niagara Region 905 1, ,093 1, Ottawa 2,210 2, ,199 3, ,094 2, ,943 3, Sudbury Thunder Bay Greater Toronto 11,497 13, ,273 21, ,000 13, ,273 21, Windsor-Essex , Trois Rivières CMA Montreal CMA 6,048 6, ,035 7, ,628 6, ,584 6, Gatineau CMA Quebec CMA 1,087 1, ,235 1, , ,109 1, Saguenay CMA Sherbrooke CMA Saint John Halifax-Dartmouth ,182 1, ,093 1, Newfoundland & Labrador 1,149 1, ,253 1, , Canada 74,447 80, , , ,616 71, ,195 91, 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 Average Sale Price over MLS Systems of Select Canadian Real Estate Boards & Associations Average Price* Fraser Valley 760, , , , , , , , Greater Vancouver 1,014,493 1,008, ,064,114 1,055, ,020,126 1,004, ,067,266 1,056, Victoria 676, , , , , , , , Calgary 468, , , , , , , , Edmonton 370, , , , , , , , Regina 302, , , , , , , , Saskatoon 341, , , , , , , , Winnipeg 289, , , , , , , , Hamilton-Burlington 566, , , , , , , , Kitchener-Waterloo 504, , , , , , , , London and St Thomas 362, , , , , , , , Niagara Region 411, , , , , , , , Ottawa 403, , , , , , , , Sudbury 241, , , , , , , , Thunder Bay 202, , , , , , , , Greater Toronto 750, , , , , , , , Windsor-Essex 292, , , , , , , , Trois Rivières CMA 182, , n/a n/a - 158, , , , Montreal CMA 376, , n/a n/a - 371, , , , Gatineau CMA 255, , n/a n/a - 260, , , , Quebec CMA 274, , n/a n/a - 274, , , , Saguenay CMA 201, , n/a n/a - 202, , , , Sherbrooke CMA 263, , n/a n/a - 254, , , , Saint John 182, , , , , , , , Halifax-Dartmouth 297, , , , , , , , Newfoundland & Labrador 245, , , , , , , , Canada 467, , , , , , , , * 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.

15 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.

16 Dollar Volume over MLS Systems of Select Canadian Real Estate Boards & Associations Year to date Dollar Volume* Fraser Valley 4, , , , , , , , Greater Vancouver 9, , , , , , , , Victoria 1, , , , , , , , Calgary 3, , , , , , , , Edmonton 2, , , , , , , , Regina Saskatoon Winnipeg 1, , , , , , , Hamilton-Burlington 2, , , , , , , , Kitchener-Waterloo , , , , London and St Thomas 1, , , , , , , , Niagara Region , , , , Ottawa 2, , , , , , , , Sudbury Thunder Bay Greater Toronto 18, , , , , , , , Windsor-Essex Trois Rivières CMA Montreal CMA 5, , , , , , , , Gatineau CMA Quebec CMA Saguenay CMA Sherbrooke CMA Saint John Halifax-Dartmouth Newfoundland & Labrador Canada 76, , , , , , , , * 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.

17 Sales Activity over MLS Systems of Select Canadian Real Estate Boards & Associations Year to date Sales Activity Fraser Valley 5,976 6, ,967 6, ,633 6, ,644 6, Greater Vancouver 9,615 11, ,534 11, ,244 11, ,269 11, Victoria 2,448 3, ,438 2, ,307 2, ,324 2, Calgary 7,257 8, ,639 8, ,955 8, ,286 7, Edmonton 6,540 6, ,780 6, ,358 6, ,604 5, Regina 1,062 1, ,019 1, Saskatoon 1,555 1, ,347 1, ,463 1, ,266 1, Winnipeg 4,257 4, ,511 3, ,001 4, ,292 3, Hamilton-Burlington 3,828 5, ,729 5, ,648 5, ,586 5, Kitchener-Waterloo 2,065 2, ,935 2, ,930 2, ,824 2, London and St Thomas 3,147 4, ,951 4, ,947 4, ,795 3, Niagara Region 2,210 3, ,052 2, ,032 2, ,897 2, Ottawa 5,842 5, ,633 5, ,555 5, ,442 5, Sudbury Thunder Bay Greater Toronto 24,782 36, ,214 36, ,079 36, ,214 36, Windsor-Essex 2,187 2, ,082 2, ,980 2, ,890 2, Trois Rivières CMA Montreal CMA 15,723 14, ,244 16, ,220 14, ,728 16, Gatineau CMA 1,473 1, ,466 1, ,393 1, ,401 1, Quebec CMA 2,488 2, ,003 2, ,356 2, ,877 2, Saguenay CMA Sherbrooke CMA Saint John Halifax-Dartmouth 2,051 1, ,761 1, ,944 1, ,682 1, Newfoundland & Labrador 1,363 1, ,270 1, Canada 161, , , , , , , , 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 New Listings over MLS Systems of Select Canadian Real Estate Boards & Associations Year to date New Listings Fraser Valley 9,767 9, ,679 10, ,822 8, ,689 9, Greater Vancouver 18,838 17, ,859 18, ,871 16, ,813 17, Victoria 3,739 3, ,088 4, ,346 3, ,650 3, Calgary 16,089 15, ,936 16, ,353 13, ,242 14, Edmonton 14,272 13, ,239 14, ,530 12, ,396 13, Regina 2,758 2, ,833 2, ,514 2, ,540 2, Saskatoon 4,059 4, ,997 4, ,590 4, ,580 4, Winnipeg 7,755 7, ,723 7, ,881 7, ,834 6, Hamilton-Burlington 6,560 6, ,428 6, ,145 6, ,964 6, Kitchener-Waterloo 3,093 3, ,196 3, ,696 2, ,890 3, London and St Thomas 4,211 5, ,379 5, ,745 4, ,893 4, Niagara Region 3,715 3, ,679 3, ,257 3, ,210 3, Ottawa 9,238 10, ,965 10, ,202 9, ,970 9, Sudbury 1,818 2, ,692 1, ,338 1, ,236 1, Thunder Bay 1,213 1, ,036 1, ,024 1, Greater Toronto 51,187 53, ,244 55, ,956 53, ,244 55, Windsor-Essex 3,186 3, ,926 3, ,604 3, ,459 2, Trois Rivières CMA Montreal CMA 24,311 26, ,475 31, ,940 24, ,730 29, Gatineau CMA 2,974 3, ,333 3, ,640 2, ,007 3, Quebec CMA 4,992 4, ,899 5, ,487 4, ,411 5, Saguenay CMA ,102 1, , Sherbrooke CMA 1,268 1, ,437 1, ,064 1, ,224 1, Saint John 1,690 1, ,785 1, ,275 1, ,379 1, Halifax-Dartmouth 3,514 3, ,781 3, ,114 3, ,332 3, Newfoundland & Labrador 4,862 4, ,472 3, ,896 3, ,620 3, Canada 302, , , , , , , , 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 Average Sale Price over MLS Systems of Select Canadian Real Estate Boards & Associations Year to date Average Price* Fraser Valley 752, , , , , , , , Greater Vancouver 1,022, , ,044, , ,019, , ,048, , Victoria 689, , , , , , , , Calgary 480, , , , , , , , Edmonton 372, , , , , , , , Regina 319, , , , , , , , Saskatoon 330, , , , , , , , Winnipeg 289, , , , , , , , Hamilton-Burlington 559, , , , , , , , Kitchener-Waterloo 495, , , , , , , , London and St Thomas 358, , , , , , , , Niagara Region 406, , , , , , , , Ottawa 404, , , , , , , , Sudbury 238, , , , , , , , Thunder Bay 224, , , , , , , , Greater Toronto 755, , , , , , , , Windsor-Essex 290, , , , , , , , Trois Rivières CMA 165, , n/a n/a - 156, , , , Montreal CMA 381, , n/a n/a - 376, , , , Gatineau CMA 253, , n/a n/a - 258, , , , Quebec CMA 277, , n/a n/a - 269, , , , Saguenay CMA 178, , n/a n/a - 180, , , , Sherbrooke CMA 253, , n/a n/a - 240, , , , Saint John 175, , , , , , , , Halifax-Dartmouth 298, , , , , , , , Newfoundland & Labrador 240, , , , , , , , Canada 475, , , , , , , , * 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.

20 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.

21 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 8, , , , , , , , Quebec 2, , , , , , , , New Brunswick Nova Scotia Prince Edward Island Newfoundland & Labrador Northwest Territories Yukon Canada 18, , , , , , , , Sales Activity British Columbia 7,211 7, ,834 10, ,590 6, ,207 9, Alberta 4,432 4, ,280 5, ,192 4, ,017 5, Saskatchewan ,050 1, Manitoba 1,207 1, ,445 1, ,136 1, ,363 1, Ontario 15,238 16, ,847 26, ,377 15, ,023 25, Quebec 7,573 7, ,262 9, ,145 7, ,779 8, New Brunswick Nova Scotia 1,034 1, , , Prince Edward Island Newfoundland & Labrador Northwest Territories Yukon Canada 38,840 40, ,924 56, ,297 37, ,344 53, * 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.

22 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 13,914 13, ,634 15, ,162 11, ,861 14, Alberta 11,020 11, ,463 12, ,981 10, ,272 11, Saskatchewan 2,455 2, ,192 3, ,139 2, ,747 2, Manitoba 2,327 2, ,140 2, ,088 2, ,807 2, Ontario 26,707 31, ,726 44, ,931 27, ,419 41, Quebec 13,066 14, ,896 14, ,416 13, ,172 13, New Brunswick 1,471 1, ,868 1, ,124 1, ,468 1, Nova Scotia 1,935 2, ,514 2, ,523 1, ,038 2, Prince Edward Island Newfoundland & Labrador 1,149 1, ,253 1, , Northwest Territories Yukon Canada 74,447 80, , , ,616 71, ,195 91, Average Price* British Columbia 685, , , , , , , , Alberta 392, , , , , , , , Saskatchewan 297, , , , , , , , Manitoba 282, , , , , , , , Ontario 542, , , , , , , , Quebec 297, , n/a n/a - 300, , , , New Brunswick 168, , , , , , , , Nova Scotia 221, , , , , , , , Prince Edward Island 197, , , , , , , , Newfoundland & Labrador 245, , , , , , , , Northwest Territories 378, , , , , , , , Yukon 347, , , , , , , , Canada 467, , , , , , , , * 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.

23 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.

24 Dollar Volume & Sales Activity over MLS Systems of Canadian Real Estate Boards & Associations Year to date Dollar Volume* British Columbia 21, , , , , , , , Alberta 7, , , , , , , , Saskatchewan 1, , , , , Manitoba 1, , , , , , , , Ontario 34, , , , , , , , Quebec 9, , , , , , , , New Brunswick Nova Scotia Prince Edward Island Newfoundland & Labrador Northwest Territories Yukon Canada 76, , , , , , , , Sales Activity British Columbia 31,188 35, ,291 33, ,690 32, ,139 30, Alberta 18,843 20, ,905 18, ,972 19, ,985 17, Saskatchewan 3,829 4, ,235 3, ,536 3, ,984 3, Manitoba 4,865 5, ,001 4, ,553 4, ,738 4, Ontario 64,103 86, ,986 83, ,982 82, ,274 79, Quebec 29,741 28, ,433 31, ,022 26, ,798 30, New Brunswick 2,725 2, ,966 2, ,447 2, ,765 1, Nova Scotia 4,186 3, ,438 3, ,705 3, ,051 2, Prince Edward Island Newfoundland & Labrador 1,363 1, ,270 1, Northwest Territories Yukon Canada 161, , , , , , , , * 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.

25 New Listings and Average Sale Price over MLS Systems of Canadian Real Estate Boards & Associations Year to date New Listings British Columbia 52,097 50, ,478 54, ,141 43, ,899 47, Alberta 42,185 40, ,010 43, ,335 37, ,777 39, Saskatchewan 10,207 11, ,153 10, ,835 9, ,816 9, Manitoba 9,221 9, ,268 9, ,149 8, ,164 8, Ontario 114, , , , , , , , Quebec 53,880 55, ,000 63, ,754 49, ,588 57, New Brunswick 6,031 6, ,228 6, ,570 4, ,811 5, Nova Scotia 7,754 8, ,937 8, ,139 6, ,258 6, Prince Edward Island 1,419 1, ,291 1, Newfoundland & Labrador 4,862 4, ,472 3, ,896 3, ,620 3, Northwest Territories Yukon Canada 302, , , , , , , , Average Price* British Columbia 693, , , , , , , , Alberta 399, , , , , , , , Saskatchewan 298, , , , , , , , Manitoba 280, , , , , , , , Ontario 546, , , , , , , , Quebec 302, , n/a n/a - 301, , , , New Brunswick 167, , , , , , , , Nova Scotia 221, , , , , , , , Prince Edward Island 191, , , , , , , , Newfoundland & Labrador 240, , , , , , , , Northwest Territories 398, , , , , , , , Yukon 341, , , , , , , , Canada 475, , , , , , , , * 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.