Toronto Market Overview (February 28, 2011) *

YTD unit sales down 14%, up 56% and down 4% from 1, 2 and 3 years ago respectively

YTD Price up 5%, 25% and 17% from 1, 2 and 3 years ago respectively

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

4,3934,731

4,761

6,8665,965

6,0606,171

6,7566,772

6,015

4,120

7,291

6,266

Unit Sales (Month)

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

4393

7425 7864

11735

1035210260 10273

1127011855

11010

6739

12176

10518

Unit Sales YTD

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

$217,907

$245,548 $286,244

$329,634

$362,003 $354,458

$422,604

$442,978 Average Price - YTD

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

17,14714,91718,424

15,52415,87317,640

19,61819,99219,35918,018

21,440

14,51414,365

Listing Inventory

*Data from the Toronto Real Estate Board MLS

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000

Monthly Average Sale Price -TREB

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011