News Release. Canadian home sales ease back in September Ottawa, ON, October 15, The Canadian Real Estate Association

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1 The Canadian Real Estate Association News Release Canadian home sales ease back in September Ottawa, ON, October 15, 2014 According to statistics 1 released today by The Canadian Real Estate Association (CREA), national home sales activity in was down from the previous month. Highlights: National home sales fell 1.4% from August to September. Actual (not seasonally adjusted) activity stood 10.6% above September 2013 levels. The number of newly listed homes declined by 1.6% from August to September. The Canadian housing market remains balanced. The MLS Home Price Index (HPI) rose 5.3% in September. The national average sale price rose 5.9% on a basis in September. The number of home sales processed through the MLS Systems of Canadian real estate Boards and Associations fell by 1.4 per cent on a month-over-month basis in, marking the first decline since January of this year (Chart A). Chart A Activity was down in about 60 per cent of all local housing markets in September, led by declines in Calgary, Edmonton, Central Toronto, Kitchener-Waterloo, London & St. Thomas, Windsor-Essex, and Ottawa. Home sales rose on a month-over-month basis in Fraser Valley, Vancouver Island, the Okanagan region, Mississauga, Durham and York regions of the Greater Toronto Area, Sherbrooke, and the Northern region of Nova Scotia. Affordably priced single family homes are in short supply in some of Canada s hottest housing markets, which contributed to the Data table available to media upon request, for purposes of reprinting only. decline in national sales activity in September, said CREA President Beth Crosbie. That said, there are other markets with ample supply but sellers there are holding firm on price. There is a lot of variation in housing market trends depending on the type of housing, neighbourhood and price segment. All real estate is local and your REALTOR is your best source for information about how the housing market is shaping up where you currently live or might like to in the future. Actual (not seasonally adjusted) activity in September stood 10.6 per cent above levels reported in the same month last year. September sales were up from year-ago levels in about 80 per cent of all local markets, led by Greater Vancouver and the Fraser Valley, the Okanagan region, Calgary, Greater Toronto and Montreal. The increase reflects activity in September 2013 that was handicapped by the occurrence of five Sundays, since that day is the lowest volume trading day for home sales. 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.

2 The Canadian Real Estate Association News Release Sales activity for the year-to-date in September was five per cent above where it stood in the first nine months of 2013, and remains broadly in line (+1.6 per cent) with the 10-year average for the period. The number of newly listed homes declined by 1.6 per cent in September compared to August. New supply was down in just over half of all local markets, led by Calgary, Edmonton, Greater Toronto, Kingston and Ottawa. The national sales-to-new listings ratio was 55.7 per cent in September. With sales and new listings having fallen in tandem, it was little d from its reading of 55.6 per cent the previous month. A sales-to-new listings ratio between 40 and 60 per cent is usually described as a balanced market. Just over half of all local markets posted a sales-to-new listings ratio in this range in September. Two-thirds of the remainder posted readings above the 60 per cent threshold that marks the border between balanced and seller s market territory, almost all of which are located in British Columbia, Alberta and Southern Ontario. The number of months of inventory is another important measure of the 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 5.9 months of inventory nationally at the end of, up slightly from 5.8 months in August and slightly below the 6.0 months reported in May, June and July. Both the sales-to-new listings ratio and the number of months of inventory remain well within balanced market territory while pointing to a national market that has tightened since the beginning of the year. The MLS Home Price Index (MLS HPI) provides a better gauge of price trends than is possible using averages because it is not affected by s in the mix of sales activity the way that average price is. Greater Moncton joins the MLS HPI this month, bringing the total number of markets covered by the index to 11, representing more than half of sales activity across Canada. The Aggregate Composite MLS HPI rose by 5.28 per cent on a basis in September. Price growth has been steady at about five to five-and-a-half per cent since the beginning of the year. (Chart B) Year-over-year price growth accelerated slightly for two-storey single family homes and slowed further for apartment units. Price gains for one-storey single family homes and townhouse/row units were little d compared to August. Chart B Two-storey single family homes continue to post the biggest price gains (+6.52 per cent), followed closely by townhouse/row units (+5.51 per cent) and one-storey single family homes (+5.07 per cent). Price growth for apartment units remains comparatively more modest (+3.05 per cent). 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 Price growth varied among housing markets tracked by the index. As in recent months, the biggest gains were posted by Calgary ( per cent), Greater Toronto (+7.82 per cent), and Greater Vancouver (+5.26 per cent). Price gains were fairly flat elsewhere, with only Vancouver Island having posted gains greater than consumer price inflation (Table 1). The actual (not seasonally adjusted) national average price for homes sold in was $408,795, up 5.9 per cent from the same month last year. The national average price continues to be skewed upward by sales activity in Greater Vancouver and Greater Toronto, which are among Canada s most active and expensive housing markets. Excluding these two markets from the calculation, the average price is a relatively more modest $325,406 and the increase shrinks to 4.5 per cent. Sales activity and prices in the third quarter were up compared to the second quarter, although momentum going into the fourth quarter is showing tentative signs of waning, said Gregory Klump, CREA s Chief Economist. The continuation of extraordinarily low mortgage rates has been and will continue to be the key support for home sales activity amid continuing price increases in some of Canada s most active and expensive urban centres. Table 1 MLS Home Price Index January 2005 = 100 Percentage Change vs. Composite HPI: September 1 month 3 months 6 months 12 months 2014 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 Greater Moncton 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 111,000 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 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 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 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 1,460 1, ,419 1, ,365 1, ,344 1, Vancouver 3,012 3, ,027 2, ,955 2, ,965 2, Victoria Calgary 3,040 3, ,979 2, ,896 2, ,837 2, Edmonton 1,908 1, ,025 1, ,679 1, ,778 1, Regina Saskatoon Winnipeg 1,081 1, ,182 1, ,022 1, ,117 1, Hamilton-Burlington 1,279 1, ,286 1, ,229 1, ,227 1, Kitchener-Waterloo London and St Thomas Ottawa 1,182 1, ,175 1, ,165 1, ,144 1, St. Catharines Sudbury Thunder Bay Toronto 8,054 8, ,051 7, ,183 8, ,051 7, Windsor-Essex Trois Rivières CMA Montreal CMA 3,220 3, ,644 2, ,124 3, ,552 2, Gatineau CMA Quebec CMA Saguenay CMA Sherbrooke CMA Saint John Halifax-Dartmouth Newfoundland & Labrador Canada 43,956 44, ,958 40, ,666 42, ,151 38, 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 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 2,597 2, ,758 2, ,319 2, ,529 2, Vancouver 4,922 5, ,562 5, ,737 4, ,348 5, Victoria 1,040 1, ,099 1, Calgary 4,334 4, ,596 4, ,973 4, ,235 3, Edmonton 3,104 3, ,061 2, ,483 2, ,519 2, Regina Saskatoon 1,162 1, ,338 1, ,100 1, ,272 1, Winnipeg 1,913 1, ,364 2, ,717 1, ,151 1, Hamilton-Burlington 1,746 1, ,017 1, ,610 1, ,881 1, Kitchener-Waterloo 1,199 1, ,337 1, ,113 1, London and St Thomas 1,538 1, ,680 1, ,367 1, ,508 1, Ottawa 2,680 2, ,886 2, ,497 2, ,723 2, St. Catharines Sudbury Thunder Bay Toronto 13,048 13, ,692 14, ,036 13, ,692 14, Windsor-Essex Trois Rivières CMA Montreal CMA 6,947 6, ,590 7, ,538 6, ,124 6, Gatineau CMA Quebec CMA 1,396 1, ,477 1, ,183 1, ,235 1, Saguenay CMA Sherbrooke CMA Saint John Halifax-Dartmouth 1,025 1, ,050 1, Newfoundland & Labrador 1,296 1, ,368 1, , Canada 84,720 86, ,519 84, ,743 75, ,707 75, 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 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 514, , , , , , , , Vancouver 830, , , , , , , , Victoria 503, , , , , , , , Calgary 471, , , , , , , , Edmonton 374, , , , , , , , Regina 324, , , , , , , , Saskatoon 333, , , , , , , , Winnipeg 268, , , , , , , , Hamilton-Burlington 419, , , , , , , , Kitchener-Waterloo 336, , , , , , , , London and St Thomas 285, , , , , , , , Ottawa 361, , , , , , , , St. Catharines 286, , , , , , , , Sudbury 245, , , , , , , , Thunder Bay 205, , , , , , , , Toronto 574, , , , , , , , Windsor-Essex 195, , , , , , , , Trois Rivières CMA 142, , n/a n/a - 154, , , , Montreal CMA 335, , n/a n/a - 328, , , , Gatineau CMA 244, , n/a n/a - 246, , , , Quebec CMA 271, , n/a n/a - 265, , , , Saguenay CMA 180, , n/a n/a - 192, , , , Sherbrooke CMA 218, , n/a n/a - 214, , , , Saint John 146, , , , , , , , Halifax-Dartmouth 274, , , , , , , , Newfoundland & Labrador 257, , , , , , , , Canada 408, , , , , , , , * 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 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 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 5, , , , , , , , Vancouver 20, , , , , , , , Victoria 2, , , , , , , , Calgary 12, , , , , , , , Edmonton 6, , , , , , , , Regina Saskatoon 1, , , , , , , , Winnipeg 2, , , , , , , , Hamilton-Burlington 4, , , , , , , , Kitchener-Waterloo 1, , , , , , , , London and St Thomas 1, , , , , , , , Ottawa 3, , , , , , , , St. Catharines Sudbury Thunder Bay Toronto 38, , , , , , , , Windsor-Essex Trois Rivières CMA Montreal CMA 9, , , , , , , , Gatineau CMA Quebec CMA 1, , , , , , , , Saguenay CMA Sherbrooke CMA Saint John Halifax-Dartmouth 1, , , , , , , Newfoundland & Labrador Canada 151, , , , , , , , * 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 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 11,548 10, ,240 10, ,902 9, ,609 9, Vancouver 25,076 21, ,373 22, ,563 20, ,840 21, Victoria 4,894 4, ,242 4, ,645 4, ,015 4, Calgary 26,226 23, ,264 24, ,034 22, ,074 23, Edmonton 16,696 16, ,172 17, ,782 14, ,105 15, Regina 2,851 2, ,057 3, ,751 2, ,965 2, Saskatoon 4,589 4, ,959 4, ,463 4, ,844 4, Winnipeg 9,643 9, ,276 10, ,171 8, ,752 9, Hamilton-Burlington 10,995 10, ,768 11, ,554 9, ,323 10, Kitchener-Waterloo 5,241 5, ,644 5, ,891 4, ,255 5, London and St Thomas 6,686 6, ,238 6, ,391 6, ,949 6, Ottawa 10,752 10, ,685 11, ,481 10, ,402 11, St. Catharines 2,108 2, ,271 2, ,990 1, ,138 2, Sudbury 1,750 1, ,874 2, ,578 1, ,693 1, Thunder Bay 1,809 1, ,917 1, ,619 1, ,721 1, Toronto 68,801 66, ,761 70, ,008 66, ,761 70, Windsor-Essex 4,219 4, ,483 4, ,959 4, ,212 4, Trois Rivières CMA Montreal CMA 27,816 28, ,316 30, ,793 27, ,377 29, Gatineau CMA 2,611 2, ,818 3, ,491 2, ,662 2, Quebec CMA 5,083 5, ,308 5, ,809 4, ,052 5, Saguenay CMA , Sherbrooke CMA 1,403 1, ,470 1, ,253 1, ,315 1, Saint John 1,319 1, ,406 1, ,162 1, ,246 1, Halifax-Dartmouth 3,805 4, ,097 4, ,565 3, ,881 4, Newfoundland & Labrador 3,396 3, ,290 3, ,095 3, ,004 3, Canada 378, , , , , , , , 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 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 22,937 22, ,350 24, ,421 19, ,770 21, Vancouver 44,870 43, ,234 48, ,706 40, ,049 46, Victoria 9,793 9, ,902 10, ,716 8, ,772 9, Calgary 38,523 35, ,653 39, ,020 32, ,746 35, Edmonton 28,929 28, ,507 31, ,356 22, ,339 25, Regina 6,454 5, ,210 6, ,069 5, ,817 5, Saskatoon 9,971 8, ,069 9, ,484 8, ,529 9, Winnipeg 16,749 15, ,836 16, ,156 13, ,017 14, Hamilton-Burlington 15,657 15, ,252 16, ,401 14, ,997 15, Kitchener-Waterloo 10,233 9, ,279 10, ,473 8, ,443 9, London and St Thomas 14,462 14, ,872 15, ,549 12, ,906 13, Ottawa 24,640 23, ,604 26, ,199 22, ,159 25, St. Catharines 3,855 3, ,237 4, ,348 3, ,700 3, Sudbury 4,535 4, ,998 4, ,507 3, ,913 3, Thunder Bay 2,967 2, ,357 3, ,406 2, ,754 2, Toronto 116, , , , , , , , Windsor-Essex 8,283 8, ,953 9, ,800 7, ,387 7, Trois Rivières CMA 1,802 1, ,879 1, ,566 1, ,636 1, Montreal CMA 62,208 61, ,892 65, ,185 58, ,908 61, Gatineau CMA 7,036 6, ,717 7, ,335 6, ,894 6, Quebec CMA 10,874 10, ,457 11, ,796 9, ,411 10, Saguenay CMA 2,196 2, ,404 2, ,910 1, ,112 2, Sherbrooke CMA 3,118 2, ,258 3, ,718 2, ,868 2, Saint John 4,207 4, ,799 4, ,298 3, ,723 3, Halifax-Dartmouth 9,159 9, ,246 10, ,056 8, ,019 9, Newfoundland & Labrador 10,199 9, ,124 10, ,196 7, ,975 8, Canada 755, , , , , , , , 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 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 505, , , , , , , , Vancouver 803, , , , , , , , Victoria 489, , , , , , , , Calgary 470, , , , , , , , Edmonton 369, , , , , , , , Regina 321, , , , , , , , Saskatoon 340, , , , , , , , Winnipeg 266, , , , , , , , Hamilton-Burlington 408, , , , , , , , Kitchener-Waterloo 351, , , , , , , , London and St Thomas 261, , , , , , , , Ottawa 355, , , , , , , , St. Catharines 280, , , , , , , , Sudbury 243, , , , , , , , Thunder Bay 197, , , , , , , , Toronto 557, , , , , , , , Windsor-Essex 191, , , , , , , , Trois Rivières CMA 168, , n/a n/a - 165, , , , Montreal CMA 334, , n/a n/a - 328, , , , Gatineau CMA 238, , n/a n/a - 241, , , , Quebec CMA 267, , n/a n/a - 266, , , , Saguenay CMA 184, , n/a n/a - 190, , , , Sherbrooke CMA 229, , n/a n/a - 225, , , , Saint John 159, , , , , , , , Halifax-Dartmouth 270, , , , , , , , Newfoundland & Labrador 277, , , , , , , , Canada 398, , , , , , , , * 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 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 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 4, , , , , , , , Alberta 2, , , , , , , , Saskatchewan Manitoba Ontario 7, , , , , , , , Quebec 1, , , , , , , , New Brunswick Nova Scotia Prince Edward Island Newfoundland & Labrador Northwest Territories Yukon Canada 18, , , , , , , , Sales Activity British Columbia 7,862 7, ,153 6, ,378 7, ,636 6, Alberta 6,596 6, ,803 6, ,110 6, ,280 5, Saskatchewan 1,298 1, ,459 1, ,242 1, ,406 1, Manitoba 1,219 1, ,349 1, ,155 1, ,275 1, Ontario 18,321 18, ,936 17, ,756 18, ,052 16, Quebec 6,549 6, ,837 5, ,160 6, ,410 4, New Brunswick Nova Scotia Prince Edward Island Newfoundland & Labrador Northwest Territories Yukon Canada 43,956 44, ,958 40, ,666 42, ,151 38, * 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 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 14,125 14, ,833 14, ,378 12, ,149 12, Alberta 10,374 11, ,552 9, ,996 9, ,261 8, Saskatchewan 2,779 2, ,082 2, ,517 2, ,795 2, Manitoba 2,233 2, ,703 2, ,000 2, ,446 2, Ontario 34,073 34, ,174 35, ,800 31, ,992 32, Quebec 15,247 15, ,248 14, ,500 13, ,367 13, New Brunswick 1,793 1, ,799 1, ,430 1, ,447 1, Nova Scotia 2,222 2, ,219 2, ,740 1, ,763 1, Prince Edward Island Newfoundland & Labrador 1,296 1, ,368 1, , Northwest Territories Yukon Canada 84,720 86, ,519 84, ,743 75, ,707 75, Average Price* British Columbia 574, , , , , , , , Alberta 412, , , , , , , , Saskatchewan 305, , , , , , , , Manitoba 260, , , , , , , , Ontario 428, , , , , , , , Quebec 265, , n/a n/a - 270, , , , New Brunswick 151, , , , , , , , Nova Scotia 201, , , , , , , , Prince Edward Island 150, , , , , , , , Newfoundland & Labrador 257, , , , , , , , Northwest Territories 362, , , , , , , , Yukon 341, , , , , , , , Canada 408, , , , , , , , * 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 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 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 23, , , , , , , , Saskatchewan 3, , , , , , , , Manitoba 2, , , , , , , , Ontario 66, , , , , , , , Quebec 14, , , , , , , , New Brunswick Nova Scotia 1, , , , , , , , Prince Edward Island Newfoundland & Labrador Northwest Territories Yukon Canada 151, , , , , , , , Sales Activity British Columbia 65,638 56, ,699 60, ,363 53, ,353 56, Alberta 57,654 53, ,270 56, ,466 49, ,920 52, Saskatchewan 10,909 10, ,704 11, ,374 10, ,194 10, Manitoba 10,982 10, ,713 11, ,413 10, ,087 10, Ontario 158, , , , , , , , Quebec 56,262 57, ,195 60, ,866 53, ,894 57, New Brunswick 5,266 5, ,614 5, ,654 4, ,999 5, Nova Scotia 7,477 7, ,947 8, ,521 6, ,998 7, Prince Edward Island 1,354 1, ,361 1, ,077 1, ,070 1, Newfoundland & Labrador 3,396 3, ,290 3, ,095 3, ,004 3, Northwest Territories Yukon Canada 378, , , , , , , , * 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 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 129, , , , , , , , Alberta 94,513 91, , , ,884 77, ,642 86, Saskatchewan 24,348 22, ,106 24, ,237 20, ,859 22, Manitoba 19,439 17, ,869 19, ,538 15, ,695 17, Ontario 302, , , , , , , , Quebec 134, , , , , , , , New Brunswick 15,547 14, ,389 16, ,308 11, ,712 12, Nova Scotia 19,843 20, ,171 22, ,556 15, ,416 17, Prince Edward Island 4,325 4, ,969 4, ,839 2, ,236 2, Newfoundland & Labrador 10,199 9, ,124 10, ,196 7, ,975 8, Northwest Territories Yukon Canada 755, , , , , , , , Average Price* British Columbia 551, , , , , , , , Alberta 408, , , , , , , , Saskatchewan 300, , , , , , , , Manitoba 259, , , , , , , , Ontario 418, , , , , , , , Quebec 266, , n/a n/a - 270, , , , New Brunswick 153, , , , , , , , Nova Scotia 199, , , , , , , , Prince Edward Island 155, , , , , , , , Newfoundland & Labrador 277, , , , , , , , Northwest Territories 408, , , , , , , , Yukon 311, , , , , , , , Canada 398, , , , , , , , * 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 2002 are not directly comparable with earlier years.

News Release. Canadian home sales edge up in February Ottawa, ON, March 13, The Canadian Real Estate Association

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