Sep September 2018

18 September 18

MONTHLY STATISTICS PACKAGE City of Calgary Persistent buyers market continues 18 City of Calgary, October 1, 18 With no change in the economic climate, Calgary s sales activity totaled 1,73 units in September, a 13 per cent decline over the previous year and well below longterm averages. There was a pullback in sales across all product types, most notably the detached market. Calgary s economy continues to struggle with unemployment, which rose again last month to over eight per cent. Concerns in the employment market, higher lending rates and shaken confidence are weighing on housing demand, said CREB chief economist AnnMarie Lurie. At the same time, supply levels continue to remain high, resulting in persistent oversupply and price declines. Inventories totaled 7,91 units, pushing the months of supply to.5. This continuation in oversupply is placing downward pressure on prices. The unadjusted citywide benchmark price totaled $8,7 in September. This is nearly one per cent below last month and three per cent below last year s levels. This is the new normal of Calgary s real estate, said CREB president Tom Westcott. Some potential buyers may want to take advantage of the market conditions, but they face difficulties selling their existing home based on their expectations. This prevents them from purchasing something else. September sales have dipped, but third quarter figures generally point towards a slower decline in sales and some easing in new listings growth. This was not enough to impact inventory levels this quarter. The Calgary economy continues to struggle, but there are some signs of improvement in the rental market, which could contribute to a slow reduction in overall housing supply. HOUSING MARKET FACTS Detached Yeartodate sales eased to 7,95 units, over per cent below the 1year average. Sales eased across all price ranges, except properties under $3,, which posted a modest gain. Easing sales were met with some adjustments in new listings in September. However, inventories remain elevated and are higher than longterm averages in most districts. Months of supply rose to 5.5 months in September and continue to weigh on housing prices across all districts. Detached benchmark prices totaled $93,1 in September. This is a.8 per cent decline over last month and three per cent below the previous year. Prices have trended down in most districts in September. However, on a yeartodate basis, benchmark prices remain above last year in both the City Centre and West districts. Apartment The apartment sector has seen the slowest decline in sales at six per cent so far this year. Like the detached sector, activity remains over per cent below longterm averages, totaling,1 sales. For the fourth month in a row, new listings have generally trended lower than levels recorded last year. This has helped reduce some of the inventory in the market compared to the previous year. However, even with some reductions in inventory levels, the market continues to remain firmly in buyer s territory when compared to the reduction in sales. With more supply than demand, benchmark prices for apartment condominium continued to ease in September, declining by. per cent over last month and.7 per cent compared to last year. Attached The attached sector has recorded yeartodate sales of,81. This is 15 per cent below last year and 1 per cent below longterm averages. With no significant reduction in new listings, inventory levels remained elevated, pushing up months of supply to over seven months. Elevated levels of supply compared to demand persisted for both row and semidetached product types. Like all other sectors, the oversupply has weighed on prices across all districts, except the City Centre, North East and East. While September semidetached benchmark prices eased, yeartodate prices remained just above last year s levels. The recent oversupply has eroded some of the steps made toward price recovery last year. Row benchmark prices have averaged $98,7 this year, nearly two per cent below last year and nine per cent below previous highs. Despite the citywide pullback, row prices have remained relatively stable in the City Centre, North West and South East districts. MONTHS OF SUPPLY AND PRICE CHANGES 1 RESIDENTIAL 7% 9 % 8 5% 7 % 3% 5 % 1% 3 % 1 1% % 5 7 8 9 1 11 1 Months of Supply Trended Y/Y Benchmark Price Change CREB Monthly Statistics City of Calgary

Summary Stats City of Calgary DETACHED Sep17 Sep18 Y/Y % Change 18 17 18 % Change Total Sales 919 79 13.8% 9,3 7,95 15.78% Total Sales Volume $511,389,3 $3,1,7 15.5% $5,313,8,317 $,8,,859 15.1% New Listings 1,87 1,785.55% 15,81 1,7 5.98% Inventory 3,9,38.%,773 3,788 3.% Months of Supply 3.8 5.9.%.5.9.% Sales to New Listings Ratio 9.1%.37%.77% 59.% 7.% 1.5% Sales to List Price Ratio 97.38% 97.1%.3% 97.1% 97.1%.5% Days on Market 58 39.75% 3 5 5.% Benchmark Price $58, $93,1.97% $5,33 $5,33.83% Median Price $8,5 $71,75.3% $97,5 $9, 1.51% Average Price $55,3 $55,71 1.98% $53,8 $5,31.1% Index 9 3.97% 7.83% APARTMENT Total Sales 9 11.9%,3,13.% Total Sales Volume $59,313,8 $3,79,98 7.% $,9,5 $,59,535.55% New Listings 9 5 1.5%,7 5, 5.7% Inventory 1,77 1, 8.8% 1,55 1,83 1.9% Months of Supply 8.9 7.8 9.55%. 7. 8.5% Sales to New Listings Ratio 33.3% 37.5%.3% 37.3% 37.1%.% Sales to List Price Ratio 9.% 9.7%.59% 9.51% 9.15%.37% Days on Market 5 1.% 57 1.8% Benchmark Price $,3 $57,.9% $5, $57,578.89% Median Price $7,5 $9,5.81% $, $55, 1.9% Average Price $83,79 $3,853.1% $9,5 $95,88.33% Index 183 178.8% 183 178.9% ATTACHED Total Sales 33 9 18.98% 3,31,81 15.7% Total Sales Volume $137,57,9 $1,59,719 5.% $1,35,797,3 $1,15,35,15 17.% New Listings 7 71 3.1%,18,791 5.81% Inventory 1,1 1,979.1% 1,387 1,797 9.5% Months of Supply.8 7.3 51.33% 3.7 5.75 5.8% Sales to New Listings Ratio 3.% 3.3% 7.15% 51.75% 1.% 1.31% Sales to List Price Ratio 97.37% 9.78%.59% 97.3% 97.%.15% Days on Market 9 59 1.% 8 55 1.58% Benchmark Price $33, $3,7 3.3% $33,5 $39,9.8% Median Price $35, $33,.% $35, $3, 1.5% Average Price $1,9 $38,891 8.% $8,551 $399,917.11% Index 199 19 3.38% 19 195.8% CITY OF CALGARY Total Sales 1, 1,7 1.88% 1,998 1,8 1.% Total Sales Volume $78,159,99 $597,95,371 15.5% $7,33,713,11 $,3,335,81 15.% New Listings 3,3 3,88 5.3% 8,39 9,13 3.5% Inventory,88 7,97 15.8% 5,815 7,7.98% Months of Supply.71.5 3.5% 3.9 5.9 5.7% Sales to New Listings Ratio.7% 1.19% 3.55% 53.11%.3% 9.8% Sales to List Price Ratio 97.3% 97.3%.% 97.% 97.7%.% Days on Market 5 31.5% 5 19.5% Benchmark Price $1,8 $8,7.97% $38,55 $3,3.9% Median Price $3, $1,5.1% $3, $5,7.3% Average Price $85,1 $7,88 3.8% $89, $8,399.95% Index 3 197.95%.9% For a list of definitions, see page. CREB Monthly Statistics City of Calgary 3

Summary Stats City of Calgary 18 CITY OF CALGARY SEMIDETACHED Sep17 Sep18 Y/Y % Change 17 18 % Change Total Sales 1 13 1.58% 1,58 1,57 13.79% Total Sales Volume $7,75,3 $55,8,.11% $77,1,7 $,88,5 1.1% Share of Sales with Condo Title.9% 15.5% 7.7% 1.% 1.%.% New Listings 3 33 3.75%,553 3,13 18.% Inventory 1 87.8% 58 7 5.% Months of Supply.5 7.9.81% 3.1 5. 7.1% Sales to New Listings Ratio 5.% 37.5% 7.95% 57.11% 1.7% 15.39% Sales to List Price Ratio 97.51% 97.%.% 97.51% 97.37%.1% Days on Market 5.% 51 15.91% Benchmark Price $15,9 $7,.% $11,1 $13,8.% Median Price $3, $371,5 1.17% $5, $,.5% Average Price $55,1 $8,89 11.1% $98,98 $93,938.95% Index 1.5% 8 9.% CITY OF CALGARY ROW Total Sales 188 1.3% 1,83 1,557 1.3% Total Sales Volume $,77,19 $7,51,77.98% $9,95,8 $5,8,959 19.88% Share of Sales with Condo Title 9.15% 93.15% 1.% 9.9% 93.37% 1.59% New Listings 9 7.88% 3,85 3,778.5% Inventory 1,1 1,17 1.59% 879 1,9 17.3% Months of Supply 5.3 7.58.%.5 5.95.3% Sales to New Listings Ratio.3% 35.7%.5% 8.% 1.1%.99% Sales to List Price Ratio 97.1% 9.%.99% 97.18% 9.99%.19% Days on Market 5 19.18% 51 58 13.73% Benchmark Price $3,7 $9,.8% $3,33 $98,7 1.77% Median Price $319, $99,.7% $31, $3, 3.3% Average Price $3,187 $33,39 5.97% $338,1 $3,11.1% Index 19 18.% 19 187 1.7% CITY OF CALGARY ATTACHED Total Sales 33 9 18.98% 3,31,81 15.7% Total Sales Volume $137,57,9 $1,59,719 5.% $1,35,797,3 $1,15,35,15 17.% Share of Sales with Condo Title 3.5% 57.% 8.9%.53% 58.91%.8% New Listings 7 71 3.1%,18,791 5.81% Inventory 1,1 1,979.1% 1,387 1,797 9.5% Months of Supply.8 7.3 51.33% 3.7 5.75 5.8% Sales to New Listings Ratio 3.% 3.3% 7.15% 51.75% 1.% 1.31% Sales to List Price Ratio 97.37% 9.78%.59% 97.3% 97.%.15% Days on Market 9 59 1.% 8 55 1.58% Benchmark Price $33, $3,7 3.3% $33,5 $39,9.8% Median Price $35, $33,.% $35, $3, 1.5% Average Price $1,9 $38,891 8.% $8,551 $399,917.11% Index 199 19 3.38% 19 195.8% For a list of definitions, see page. CREB Monthly Statistics City of Calgary

Calgary Districts Yearoveryear benchmark price change Monthovermonth benchmark price change September 18 Sales New Listings Sales to New Listings Ratio Inventory Months of Supply Benchmark Price Detached City Centre 8 3 33.7% 11 7.5 $7,.97%.% North East 13 187 55.8% 7.58 $37,9 3.87% 1.3% North 18 19 9.3% 5.7 $5,8.98%.8% North West 13 5 8.3% 573. $57, 3.7% 1.7% West 89 3.78% 519 5.83 $71,5.7%.1% South 151 373.8% 85 5.73 $8, 3.1%.3% South East 115 1 5.% 57.99 $39,5.8%.8% East 1 9.8% 11 5.33 $35,1.18%.% TOTAL CITY 79 1,785.37%,38 5.9 $93,1.97%.78% Apartment City Centre 1 97 33.7% 8 8. $8,7.3%.8% North East 8 7 9.3% 7 9.5 $8, 1.%.77% North 11 7.7% 77 7. $7,8.% 1.38% North West 17 5 3.% 1 7.9 $3,8 1.% 1.58% West 18 9.3% 181 1. $,8.5%.% South 33 53.3% 17 5.15 $,7.%.7% South East 18 31 58.% 11.11 $5,.7% 1.1% East 7 85.71% 38.33 $188,1 3.9%.% TOTAL CITY 11 5 37.5% 1, 7.8 $57,.9%.35% Semidetached City Centre 7 15 18.% 38 1. $7,.%.78% North East 17 3 73.91% 8 5. $91,.% 1.3% North 13 3 5.5% 5.15 $38,5.11% 1.97% North West 1 35 5.71% 7.75 $383, 1.39% 1.3% West 1 8 35.71% 85 8.5 $58,5.%.55% South 33.7% 8 3.8 $3,5.31% 1.18% South East 13 31 1.9% 5 5. $31,5.98%.9% East 5 9 55.5% 38 7. $9,.%.% TOTAL CITY 13 33 37.5% 87 7.9 $7,.%.95% Row City Centre 8 3.81% 187 9.35 $,9 3.5%.7% North East 15 9 3.1% 133 8.87 $19,8.53%.87% North 19 5.% 158 8.3 $57,3.%.78% North West 17 39 3.59% 1.1 $39,3.%.% West 3 5.59% 181 7.87 $37,7 7.53% 3.19% South 7 3.9% 18 7. $5,.% 1.5% South East 5.% 15. $9,8 1.51%.9% East 5 15 33.33% 31. $17, 8.5% 1.13% TOTAL CITY 1 9 35.7% 1,17 7.58 $9,.8%.8% *Total city figures can include activity from areas not yet represented by a community / district 18 CREB Monthly Statistics City of Calgary 5

District Trends 18 TOTAL SALES,5 SEPTEMBER, 1,5 1, 5 ' '5 ' '7 '8 '9 '1 '11 City Centre South East South West North West North North East East '1 '13 '1 '15 '1 TOTAL INVENTORY SEPTEMBER 9, 8, 7,, 5,, 3,, 1, ' '5 ' '7 '8 '9 '1 '11 '1 '13 '1 City Centre South East South West North West North North East East '15 '1 MONTHS OF SUPPLY SEPTEMBER 1. 1. 1. 1. 8.... Detached Apartment Semi Detached Row City Centre South East South West North West North North East East Calgary CREB Monthly Statistics City of Calgary

Price Comparisons 18 BENCHMARK PRICE SEPTEMBER 8, 7,, 5,, 3,, 1, Detached Apartment Semi Detached Row Total Residential City Centre North East North North West West South South East East Calgary YEAR OVER YEAR PRICE GROWTH COMPARISON SEPTEMBER % % % % % % 8% 1% Detached Apartment Semi Detached Row Total Residential City Centre North East North North West West South South East East Calgary TYPICAL HOME ATTRIBUTES DETACHED HOMES City Centre North East North North West West South South East East City of Calgary Gross Living Area (Above Ground) 1,33 1,17 1,338 1,51 1,73 1,35 1,8 1,91 1,31 Lot Size 5,58,7,39 5,38 5,5 5,,73,85,98 Above Ground Bedrooms 3 3 3 3 3 3 3 3 Year Built 1951 1985 1997 199 1997 1983 1999 197 1991 Full Bathrooms Half Bathrooms 1 1 1 1 1 1 1 CREB Monthly Statistics City of Calgary 7

District Graphs TOTAL INVENTORY BY PRICE RANGE SEPTEMBER 1,8 1, 1, 1, 1, 8 TOTAL SALES BY PRICE RANGE SEPTEMBER 35 3 5 15 1 5 18 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99,999 $7, 999,999 $1,,+ City Centre North East North North West West South South East East <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99,999 $7, 999,999 $1,,+ City Centre North East North North West West South South East East SALES BY PROPERTY TYPE SEPTEMBER 5 SHARE OF CITY WIDE SALES SEPTEMBER 1% 7 9% 8% 1% 15 1 5 17 33 1 19 15 13 1 17 13 3 17 18 11 1 8 18 151 13 18 13 115 89 8 1 City Centre North East North North West West South South East East 7% % 5% % 3% % 1% % % 1% 1% 18% 1% 1% 13% 1% 7% 13% 1% 1% 11% 8% 11% 8% % 5% 9% 9% 1% 13% 1% 1% 19% 11% 15% 3% City Centre North East North North West West South South East East Detached Apartment Semi Detached Row Detached Apartment Semi Detached Row CREB Monthly Statistics City of Calgary 8

City of Calgary Total Residential 18 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. 17 1/1/17 /1/17 3/1/17 /1/17 5/1/17 /1/17 7/1/17 8/1/17 9/1/17 1/1/17 11/1/17 1/1/17 Sales 93 1,33 1,89 1,9,115,13 1,5 1,595 1, 1,7 1,11 1,9 New Listings,383,59 3, 3,95 3,8 3,753,978 3, 3,3,8,1 1,1 Inventory,11,5 5,1 5,518,13,9,9,19,88,79 5,83,3 Days on Market 53 8 39 37 38 3 5 5 5 5 58 Benchmark Price 33,7 33,5 3, 35,9 39, 1, 3,7, 1,8 39, 3,8 33,3 Median Price 5, 8, 35, 5, 8, 5,5 5, 8, 3, 15, 1, 1, Average Price 7,59 8,78 9,98 95, 5,3 5,889 77,98 78,8 85,1 75,97,8 53,39 Index 199 1 3 3 1 199 18 1/1/18 /1/18 3/1/18 /1/18 5/1/18 /1/18 7/1/18 8/1/18 9/1/18 1/1/18 11/1/18 1/1/18 Sales 959 1,89 1,37 1,51 1,75 1,895 1,58 1,9 1,7 New Listings,5,3 3,5 3,5,37 3,89,93 3,58 3,88 Inventory, 5,7,389 7,333 8,5 8,88 8,7 8,137 7,97 Days on Market 1 51 5 7 5 5 Benchmark Price 3, 3, 35,7 3, 37, 3, 35,5 3, 8,7 Median Price 15, 5, 39, 3,5 8, 3, 3,5,75 1,5 Average Price 8,3 93,8 95,39 78,11 9,7 9,35 79,159 83, 7,88 Index 199 1 1 1 199 197 Sep17 Sep18 17 18 CALGARY TOTAL SALES 9/1/17 9/1/18 9/1/17 9/1/18 >$1, 1 $1, $199,999 5 75 58 711 $, $99,999 195 18,1 1,813 $3, $ 39,999 17 135 1,5 1,3 $35, $399,999 175 1,9 1,579 $, $9,999 197 173 1,85 1,3 $5, $99,999 19 1 1,533 1,1 $5, $59,999 115 11 1,77 1,71 $55, $599,999 87 59 99 81 $, $9,999 8 53 739 59 $5, $99,999 1 3 $7, $799,999 7 5 73 1 $8, $899,999 8 3 $9, $999,999 1 13 11 197 $1,, $1,9,999 1 85 $1,5, $1,99,999 9 8 133 15 $1,5, $1,79,999 5 8 58 $1,75, $1,999,999 1 3 $,, $,99,999 1 18 33 $,5, $,999,999 1 15 13 $3,, $3,99,999 3 1 8 $3,5, $3,999,999 $,, + 1 3 1, 1,7 1,998 1,8 CITY OF CALGARY TOTAL SALES BY PRICE RANGE,5, 3,5 3,,5, 1,5 1, 5 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99,999 15 1 17 18 SEPTEMBER $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 9

CITY OF CALGARY TOTAL SALES SEPTEMBER City of Calgary Total Residential 18 CITY OF CALGARY TOTAL NEW LISTINGS SEPTEMBER 5, 5,,, 35, 15, 3, 5, 1,, 15, 5, 1, 5, 8 9 1 11 1 13 1 15 1 17 18 8 9 1 11 1 13 1 15 1 17 18 Detached Apartment Semi Detached Row 1 Year Average Detached Apartment Semi Detached Row 1 Year Average CITY OF CALGARY TOTAL INVENTORY AND SALES 1, 9, 8, 7,, 5,, 3,, 1, 5,, 35, 3, 5, CITY OF CALGARY TOTAL MONTHS OF INVENTORY 7 5 3 1 Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Inventory Sales Benchmark Price Aug., Months of Supply Trended 1 month moving average inventory CITY OF CALGARY TOTAL PRICE CHANGE 15% 1% 5% % 5% 1% Average Price Y/Y% Change Median Price Y/Y% Change Benchmark Y/Y% Change CITY OF CALGARY TOTAL PRICES 5, 5, 8,,,,, 38, 3, 3, 3, Average Price Median Price Benchmark Price CREB Calgary Regional Housing Market Statistics 1

City of Calgary Detached 18 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. 17 1/1/17 /1/17 3/1/17 /1/17 5/1/17 /1/17 7/1/17 8/1/17 9/1/17 1/1/17 11/1/17 1/1/17 Sales 581 8 1,171 1,19 1,37 1,381 1,11 983 919 97 87 17 New Listings 1,8 1,93 1,79 1,81,39,15 1,88 1,7 1,87 1,8 1,1 75 Inventory 1,88 1,995,3,53,9 3,7 3,8 3,77 3,9 3,57,75, Days on Market 7 38 3 31 3 38 8 5 Benchmark Price 97,7 98,5 99,7 51, 5, 58,7 511,1 51, 58, 55,5 53,3 98,7 Median Price 85, 9,5 9, 5,5 51, 513, 95, 91, 8,5 7, 5,, Average Price 55,857 557,1 571,75 5, 58,59 59,8 553,3 55,7 55,3 5,998 53,5 5,751 Index 5 5 8 9 1 1 9 8 7 5 18 1/1/18 /1/18 3/1/18 /1/18 5/1/18 /1/18 7/1/18 8/1/18 9/1/18 1/1/18 11/1/18 1/1/18 Sales 58 53 85 9 1,59 1,9 99 98 79 New Listings 1,88 1,9 1,87,5,1,3 1,733 1,8 1,785 Inventory,,58 3,78 3,51,5,81,59,,38 Days on Market 55 5 37 1 1 9 51 58 Benchmark Price 98,7 5,1 5,8 53,8 53, 5,1 5,7 97, 93,1 Median Price 7, 97, 59,9 95, 5, 9,5 85, 85, 71,75 Average Price 55,711 575,39 58, 558,8 577,53 573,79 5,53 53,7 55,71 Index 5 7 7 7 3 Sep17 Sep18 17 18 CALGARY TOTAL SALES 9/1/17 9/1/18 9/1/17 9/1/18 >$1, $1, $199,999 $, $99,999 13 9 155 191 $3, $ 39,999 7 5 55 557 $35, $399,999 13 11 1, 1,58 $, $9,999 13 11 1,9 1,38 $5, $99,999 13 11 1,337 1,5 $5, $59,999 13 99 1,11 95 $55, $599,999 78 55 89 7 $, $9,999 8 9 8 $5, $99,999 37 33 513 3 $7, $799,999 53 1 53 39 $8, $899,999 9 33 8 $9, $999,999 17 9 13 15 $1,, $1,9,999 5 1 188 $1,5, $1,99,999 8 7 118 11 $1,5, $1,79,999 5 7 55 55 $1,75, $1,999,999 1 5 31 37 $,, $,99,999 1 17 31 $,5, $,999,999 15 11 $3,, $3,99,999 3 1 8 $3,5, $3,999,999 $,, + 1 1 3 919 79 9,3 7,95 CITY OF CALGARY DETACHED SALES BY PRICE RANGE 3,5 3,,5, 1,5 1, 5 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99,999 15 1 17 18 SEPTEMBER $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 11

CITY OF CALGARY DETACHED SALES 1, 1, 1, 8,,,, SEPTEMBER City of Calgary Detached 18 CITY OF CALGARY DETACHED NEW LISTINGS SEPTEMBER 3, 5,, 15, 1, 5, 8 9 1 11 1 13 1 15 1 17 18 8 9 1 11 1 13 1 15 1 17 18 Detached 1 Year Average Detached 1 Year Average CITY OF CALGARY DETACHED INVENTORY AND SALES CITY OF CALGARY DETACHED MONTHS OF INVENTORY, 51, 5,, 3,, 1, Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Inventory Sales Benchmark Price Aug. 55, 5, 95, 9, 85, 5 3 1 Months of Supply Trended 1 month moving average inventory CITY OF CALGARY DETACHED PRICE CHANGE 15% CITY OF CALGARY DETACHED PRICES, 1% 57, 5% 5, % 7, 5%, 1% 37, 15% Average Price Y/Y% Change Median Price Y/Y% Change Benchmark Y/Y% Change 3, Average Price Median Price Benchmark Price CREB Calgary Regional Housing Market Statistics 1

City of Calgary Apartment 18 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. 17 1/1/17 /1/17 3/1/17 /1/17 5/1/17 /1/17 7/1/17 8/1/17 9/1/17 1/1/17 11/1/17 1/1/17 Sales 151 35 97 83 8 8 5 8 9 3 17 New Listings 3 583 7 91 78 79 1 9 51 1 Inventory 1, 1,39 1,578 1,53 1,781 1,871 1,813 1,77 1,77 1, 1,95 1,183 Days on Market 8 5 9 55 55 59 5 7 81 Benchmark Price 5,, 5,, 7,1 5,9,5 3,,3 1,7 58, 57,8 Median Price 58,5 75, 51,5 7, 7, 7, 57,75 55, 7,5 5, 51, 5, Average Price 8,9 31,98 8,13 33,31 9,999 33,31 8,3 85,5 83,79 9,1 77,9 71,3 Index 183 183 183 183 185 18 18 18 183 181 179 178 18 1/1/18 /1/18 3/1/18 /1/18 5/1/18 /1/18 7/1/18 8/1/18 9/1/18 1/1/18 11/1/18 1/1/18 Sales 15 197 19 1 8 9 5 11 New Listings 588 5 71 75 77 59 51 5 5 Inventory 1,9 1,3 1,95 1,853 1,9 1,877 1,781 1,8 1, Days on Market 7 8 59 59 59 71 Benchmark Price 5, 5,7 57, 5,8 5, 59,3 59,9 58,1 57, Median Price 55, 7, 5,5 55, 5,,5 5, 58, 9,5 Average Price 98,9 35,95 3,5 8,118 89,715 9,3 8,879 9,787 3,853 Index 177 177 178 178 177 179 18 178 178 Sep17 Sep18 17 18 CALGARY TOTAL SALES 9/1/17 9/1/18 9/1/17 9/1/18 >$1, 1 1 5 $1, $199,999 59 531 $, $99,999 95 7 955 819 $3, $ 39,999 31 31 37 9 $35, $399,999 1 9 19 $, $9,999 9 11 18 99 $5, $99,999 1 7 3 79 $5, $59,999 1 5 31 $55, $599,999 $, $9,999 1 $5, $99,999 1 15 8 $7, $799,999 1 1 1 $8, $899,999 1 5 9 $9, $999,999 8 8 $1,, $1,9,999 3 $1,5, $1,99,999 1 $1,5, $1,79,999 1 1 $1,75, $1,999,999 1 1 $,, $,99,999 1 1 $,5, $,999,999 1 $3,, $3,99,999 $3,5, $3,999,999 $,, + 1 9 11,3,13 CITY OF CALGARY APARTMENT SALES BY PRICE RANGE 1, 1, 1, 1, 8 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 15 1 17 18 $, $99,999 SEPTEMBER $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 13

CITY OF CALGARY APARTMENT SALES SEPTEMBER City of Calgary Apartment 18 CITY OF CALGARY APARTMENT NEW LISTINGS SEPTEMBER,5 8,, 7, 3,5 3,,5, 1,5 1,, 5,, 3,, 5 1, 8 9 1 11 1 13 1 15 1 17 18 8 9 1 11 1 13 1 15 1 17 18 Apartment 1 Year Average Apartment 1 Year Average CITY OF CALGARY APARTMENT INVENTORY AND SALES,5, CITY OF CALGARY APARTMENT MONTHS OF INVENTORY 1, 1,5 1, 5 Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Inventory Sales Benchmark Price Aug.,,, 58, 5, 5, 5, 1 8 Months of Supply Trended 1 month moving average inventory CITY OF CALGARY APARTMENT PRICE CHANGE % 15% 1% 5% % 5% 1% 15% % 5% Average Price Y/Y% Change Median Price Y/Y% Change Benchmark Y/Y% Change CITY OF CALGARY APARTMENT PRICES 3, 3, 3, 3, 8,,,,, Average Price Median Price Benchmark Price CREB Calgary Regional Housing Market Statistics 1

City of Calgary SemiDetached 18 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. 17 1/1/17 /1/17 3/1/17 /1/17 5/1/17 /1/17 7/1/17 8/1/17 9/1/17 1/1/17 11/1/17 1/1/17 Sales 83 1 198 188 191 17 177 1 13 1 95 New Listings 198 3 31 9 33 3 78 79 3 7 19 19 Inventory 375 35 5 55 517 559 58 579 1 5 5 3 Days on Market 1 53 5 5 59 Benchmark Price 3,8, 7,8 9, 11,3 1,5 17,5 1,1 15,9 15,5 1,5 13,1 Median Price 375, 38,858 39,5 3,75 5,5, 395, 39, 3, 39, 39, 5,5 Average Price 8,59 77,85 95,7 5,3 95,85 513,11 51,73 77,1 55,1 9,55 58,917 9,19 Index 7 8 1 11 1 1 1 1 9 18 1/1/18 /1/18 3/1/18 /1/18 5/1/18 /1/18 7/1/18 8/1/18 9/1/18 1/1/18 11/1/18 1/1/18 Sales 99 1 13 155 15 18 15 11 13 New Listings 3 7 38 39 18 1 38 37 33 Inventory 531 71 753 859 918 99 9 87 Days on Market 8 5 5 5 7 8 5 5 Benchmark Price 1,5 15,5 15,3 1,7 15,7 1,7 15,3 11,3 7, Median Price 37,5,815 5, 1,,8 7,5 395,75 1,5 371,5 Average Price,51 59,17 551,87 57,585 8,7 95,19 91,38 83,3 8,89 Index 9 1 1 11 1 1 1 8 Sep17 Sep18 17 18 CALGARY TOTAL SALES 9/1/17 9/1/18 9/1/17 9/1/18 >$1, $1, $199,999 1 13 $, $99,999 7 197 $3, $ 39,999 13 19 191 $35, $399,999 1 5 71 7 $, $9,999 17 1 17 118 $5, $99,999 3 57 3 $5, $59,999 5 55 9 $55, $599,999 3 5 $, $9,999 3 51 5 $5, $99,999 5 7 5 $7, $799,999 1 1 155 1 $8, $899,999 1 11 $9, $999,999 3 3 33 $1,, $1,9,999 33 3 $1,5, $1,99,999 1 $1,5, $1,79,999 $1,75, $1,999,999 $,, $,99,999 1 $,5, $,999,999 $3,, $3,99,999 $3,5, $3,999,999 $,, + 1 13 1,58 1,57 CITY OF CALGARY SEMIDETACHED SALES BY PRICE RANGE 5 3 1 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 15 1 17 18 $, $99,999 SEPTEMBER $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 15

CITY OF CALGARY SEMIDET. SALES SEPTEMBER City of Calgary SemiDetached 18 CITY OF CALGARY SEMIDET. NEW LISTINGS SEPTEMBER, 3,5 1,8 1, 1, 3,,5 1, 1, 8, 1,5 1, 5 8 9 1 11 1 13 1 15 1 17 18 8 9 1 11 1 13 1 15 1 17 18 Semi Detached 1 Year Average Semi Detached 1 Year Average CITY OF CALGARY SEMIDET. INVENTORY AND SALES CITY OF CALGARY SEMIDET. MONTHS OF INVENTORY 1, 9 8 7 5 3 1 Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Inventory Sales Benchmark Price Aug. 18, 1, 1, 1, 1, 8,,,, 8 7 5 3 1 Months of Supply Trended 1 month moving average inventory CITY OF CALGARY SEMIDET. PRICE CHANGE 5% % 3% % 1% % 1% % 3% Average Price Y/Y% Change Median Price Y/Y% Change Benchmark Y/Y% Change CITY OF CALGARY SEMIDET. PRICES 5,, 55, 5, 5,, 35, 3, 5, Average Price Median Price Benchmark Price CREB Calgary Regional Housing Market Statistics 1

City of Calgary Row 18 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. 17 1/1/17 /1/17 3/1/17 /1/17 5/1/17 /1/17 7/1/17 8/1/17 9/1/17 1/1/17 11/1/17 1/1/17 Sales 18 151 1 71 8 13 187 188 183 187 17 New Listings 33 37 17 7 55 519 398 7 37 31 15 Inventory 1 8 78 87 99 1,1 1,1 995 1,1 975 875 7 Days on Market 8 5 57 5 7 9 5 5 5 55 Benchmark Price 3,7 31,7 3,1 31,9 33, 35,7 3,8 37,1 3,7 35, 33,1 99,8 Median Price 33,5 311, 3,75 39, 31, 31, 37, 35,5 319, 31, 9, 95, Average Price 3,783 33,55 3,5 35,371 338,5 33,5 331,39 37,5 3,187 353,3 31,117 39,857 Index 19 189 188 189 19 191 19 19 19 191 19 188 18 1/1/18 /1/18 3/1/18 /1/18 5/1/18 /1/18 7/1/18 8/1/18 9/1/18 1/1/18 11/1/18 1/1/18 Sales 131 133 13 19 8 1 175 179 1 New Listings 3 318 8 85 51 9 381 35 9 Inventory 7 777 938 1,9 1,11 1,9 1,18 1,115 1,17 Days on Market 9 1 5 5 5 59 Benchmark Price 9,7 95, 97,9 3,3 33,5 3,5 3, 9,7 9, Median Price 95, 3, 3, 38,95 38,5 9,5 9,5 3, 99, Average Price 31,51 33,53 38,8 33, 337,798 317,585 35,93 33,8 33,39 Index 18 185 187 188 19 189 188 18 18 Sep17 Sep18 17 18 CALGARY TOTAL SALES 9/1/17 9/1/18 9/1/17 9/1/18 >$1, 1 1 $1, $199,999 1 1 18 15 $, $99,999 1 5 7 $3, $ 39,999 9 8 51 3 $35, $399,999 7 18 15 $, $9,999 8 9 98 19 $5, $99,999 1 7 3 $5, $59,999 5 3 37 $55, $599,999 3 1 38 3 $, $9,999 35 19 $5, $99,999 15 1 $7, $799,999 13 1 $8, $899,999 1 1 3 $9, $999,999 1 $1,, $1,9,999 1 5 $1,5, $1,99,999 7 1 $1,5, $1,79,999 1 $1,75, $1,999,999 1 $,, $,99,999 $,5, $,999,999 $3,, $3,99,999 $3,5, $3,999,999 $,, + 188 1 1,83 1,557 CITY OF CALGARY ROW SALES BY PRICE RANGE 9 8 7 5 3 1 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99,999 15 1 17 18 SEPTEMBER $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 17

CITY OF CALGARY ROW SALES SEPTEMBER City of Calgary Row 18 CITY OF CALGARY ROW NEW LISTINGS SEPTEMBER 3, 5,,5,5,, 3,5 3, 1,5,5 1,, 1,5 5 1, 5 8 9 1 11 1 13 1 15 1 17 18 8 9 1 11 1 13 1 15 1 17 18 Row 1 Year Average Row 1 Year Average CITY OF CALGARY ROW INVENTORY AND SALES CITY OF CALGARY ROW MONTHS OF INVENTORY 1, 1, 1, 8 Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Inventory Sales Benchmark Price Aug. 38, 3, 3, 3, 3, 98, 9, 9, 9, 9, 88, 8, 8 7 5 3 1 Months of Supply Trended 1 month moving average inventory CITY OF CALGARY ROW PRICE CHANGE 5% % 15% 1% 5% % 5% 1% Average Price Y/Y% Change Median Price Y/Y% Change Benchmark Y/Y% Change CITY OF CALGARY ROW PRICES, 38, 3, 3, 3, 3, 8,,,,, Average Price Median Price Benchmark Price CREB Calgary Regional Housing Market Statistics 18

City of Calgary 18 CITY CENTRE CITY CENTCITY CENTCITY CENTCITY CENTCITY CENTCITY CENTRE PRICES CITY CENTRE TOTAL SALES,5, 3,5 CITY CENTRE TOTAL SALES BY PRICE RANGE SEPTEMBER SEPTEMBER 5 3,,5, 1,5 1, 5 8 9 1 11 1 13 1 15 1 Detached Apartment Semi Detached 17 18 Row 1 Year Average 3 1 15 1 17 18 CITY CENTRE INVENTORY AND SALES CITY CENTRE MONTHS OF INVENTORY,5, 1,5 1, 5 Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Inventory Sales Benchmark Price Aug. 51, 51, 58, 5, 5, 5, 5, 98, 9, 9, 9, 9, 1 1 1 8 Months of Supply Trended 1month moving average CITY CENTRE PRICE CHANGE % 15% 1% 5% % 5% 1% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change Benchmark Price Change CITY CENTRE PRICES 9, 8, 7,, 5,, 3,, 1, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics 19

City of Calgary NORTHEAST NORTHEAST TOTAL SALES,5, 1,5 1, 5 8 9 1 NORTHEANORTHEANORTHEANORTHEANORTHEANORTHEAST PRICES 11 1 13 1 15 SEPTEMBER 1 Detached Apartment Semi Detached 17 18 Row 1 Year Average NORTHEAST TOTAL SALES BY PRICE RANGE 9 8 7 5 3 1 15 1 17 18. 18 NORTHEAST INVENTORY AND SALES 9 8 7 5 3 1 355, 35, 35, 3, 335, NORTHEAST MONTHS OF INVENTORY 7 5 3 1 Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Inventory Sales Benchmark Price Aug. 33, Months of Supply Trended 1month moving average NORTHEAST PRICE CHANGE 3% 5% % 15% 1% 5% % 5% 1% 15% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change Benchmark Price Change NORTHEAST PRICES 5,, 35, 3, 5,, 15, 1, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics

City of Calgary NORTH NORTH TONORTH TONORTH INNORTH MNORTH P NORTH PRICES NORTH TOTAL SALES SEPTEMBER,5 8 NORTH TOTAL SALES BY PRICE RANGE 18 SEPTEMBER, 1,5 1, 5 8 9 1 11 1 13 1 15 1 Detached Apartment Semi Detached 17 18 Row 1 Year Average 7 5 3 1 15 1 17 18 NORTH INVENTORY AND SALES NORTH MONTHS OF INVENTORY 1, 1, 8 Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Inventory Sales Benchmark Price Aug. 39, 39, 39, 388, 38, 38, 38, 38, 378, 37, 37, 7 5 3 1 Months of Supply Trended 1month moving average NORTH PRICE CHANGE 15% 1% 5% % 5% 1% 15% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change Benchmark Price Change NORTH PRICES 5, 5,, 35, 3, 5,, 15, 1, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics 1

City of Calgary 18 NORTHWEST NORTHWNORTHWNORTHWNORTHWNORTHWNORTHWEST PRICES NORTHWEST TOTAL SALES SEPTEMBER 3, NORTHWEST TOTAL SALES BY PRICE RANGE SEPTEMBER,5 5, 1,5 3 1, 5 1 8 9 1 11 1 13 1 15 1 Detached Apartment Semi Detached 17 18 Row 1 Year Average 15 1 17 18 NORTHWEST INVENTORY AND SALES NORTHWEST MONTHS OF INVENTORY 1, 1, 8 Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Inventory Sales Benchmark Price Aug. 85, 8, 75, 7, 5,, 55, 7 5 3 1 Months of Supply Trended 1month moving average NORTHWEST PRICE CHANGE % 15% 1% 5% % 5% 1% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change Benchmark Price Change NORTHWEST PRICES 7,, 5,, 3,, 1, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics

City of Calgary WEST WEST TOTWEST TOTWEST INVWEST MOWEST PRIWEST PRICES WEST TOTAL SALES SEPTEMBER,5 WEST TOTAL SALES BY PRICE RANGE 18 SEPTEMBER, 1,5 1, 5 8 9 1 11 1 13 1 15 1 Detached Apartment Semi Detached 17 18 Row 1 Year Average 35 3 5 15 1 5 15 1 17 18 WEST INVENTORY AND SALES WEST MONTHS OF INVENTORY 1, 1, 8 Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Inventory Sales Benchmark Price Aug. 575, 57, 55, 5, 555, 55, 55, 5, 1 9 8 7 5 3 1 Months of Supply Trended 1month moving average WEST PRICE CHANGE 15% 1% 5% % 5% 1% 15% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change Benchmark Price Change WEST PRICES 8, 7,, 5,, 3,, 1, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics 3

City of Calgary SOUTH SOUTH TOTAL SALES, 3,5 3,,5, 1,5 1, 5 8 9 1 SOUTH TOSOUTH TOSOUTH INSOUTH MSOUTH PRSOUTH PRICES 11 1 13 1 15 SEPTEMBER 1 Detached Apartment Semi Detached 17 18 Row 1 Year Average SOUTH TOTAL SALES BY PRICE RANGE 1 9 8 7 5 3 1 15 1 17 18 18 SEPTEMBER SOUTH INVENTORY AND SALES 1, 1, 1, 1, 8, 15, 1, 5,, SOUTH MONTHS OF INVENTORY 5 3 1 Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Inventory Sales Benchmark Price Aug. 395, Months of Supply Trended 1month moving average SOUTH PRICE CHANGE 15% 1% 5% % 5% 1% 15% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change Benchmark Price Change SOUTH PRICES 55, 5, 5,, 35, 3, 5,, 15, 1, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics

City of Calgary 18 SOUTHEAST SOUTHEASOUTHEASOUTHEASOUTHEASOUTHEASOUTHEAST PRICES SOUTHEAST TOTAL SALES SEPTEMBER 3, 8 SOUTHEAST TOTAL SALES BY PRICE RANGE SEPTEMBER,5, 1,5 1, 5 8 9 1 11 1 13 1 15 1 Detached Apartment Semi Detached 17 18 Row 1 Year Average 7 5 3 1 15 1 17 18 SOUTHEAST INVENTORY AND SALES SOUTHEAST MONTHS OF INVENTORY 1, 1, 8 Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Inventory Sales Benchmark Price Aug. 8,,,,, 18, 1, 1, 1, 1, 8, 5 3 1 Months of Supply Trended 1month moving average SOUTHEAST PRICE CHANGE % 15% 1% 5% % 5% 1% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change Benchmark Price Change SOUTHEAST PRICES 5, 5,, 35, 3, 5,, 15, 1, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics 5

City of Calgary EAST EAST TOTEAST TOTEAST INV EAST MO EAST PRICEAST PRICES EAST TOTAL SALES SEPTEMBER 7 5 EAST TOTAL SALES BY PRICE RANGE 18 SEPTEMBER 5 15 3 1 8 9 1 11 1 13 1 15 1 Detached Apartment Semi Detached 17 18 Row 1 Year Average 1 5 15 1 17 18 EAST INVENTORY AND SALES EAST MONTHS OF INVENTORY 3 5 15 1 5 Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Inventory Sales Benchmark Price Aug. 38, 3, 3, 3, 3, 98, 9, 9, 9, 8 7 5 3 1 Months of Supply Trended 1month moving average EAST PRICE CHANGE 5% % 15% 1% 5% % 5% 1% 15% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change Benchmark Price Change EAST PRICES, 35, 3, 5,, 15, 1, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics

CREB Definitions 18 1 13 DEFINITIONS Benchmark Price Represents the monthly price of the typical home based on its attributes such as size, location and number of bedrooms. MLS Home Price Index Changes in home prices by comparing current price levels relative to January 5 price level. Absorption Rate Refers to the ratio between the amount of sales occurring in the market relative to the amount of inventory. Months of Supply Refers to the ratio between Inventory and sales which represents at the current pace of sales how long it would take to clear existing inventory. Detached A unit that is not attached to any other unit. Semidetached A single dwelling built as one of a pair that share one common wall. Row A single dwelling attached to each other by a common wall with more than two properties in the complex. Attached Both row and semidetached properties. Apartment A unit within a high rise or low rise condominium building with access through an interior hallway. Total Residential Includes detached, attached and apartment style properties. Exclusions Data included in this package do not include activity related to multipleunit sales, rental, land or leased properties. ABOUT CREB CREB is a professional body of more than 5,1 licensed brokers and registered associates, representing 5 member offices. CREB is dedicated to enhancing the value, integrity and expertise of its REALTOR members. Our REALTORS are committed to a high standard of professional conduct, ongoing education, and a strict Code of Ethics and standards of business practice. Any use or reference to CREB data and statistics must acknowledge CREB as the source. The board does not generate statistics or analysis of any individual member or company s market share. All MLS active listings for Calgary and area may be found on the board s website at ww.creb.com. CREB is a registered trademark of the Calgary Real Estate Board Cooperative. The trademarks MLS and Multiple Listing Service 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. The trademarks REALTOR and REALTORS are controlled by CREA and identify real estate professionals who are members of CREA, and subsequently the Alberta Real Estate Association and CREB, used under licence. CREB Monthly Statistics City of Calgary 7