Resale housing market shows further improvement in January

OTTAWA – February 15th, 2011 – National resale housing activity climbed further in January 2011, according to statistics
released today by The Canadian Real Estate Association (CREA).

Seasonally adjusted national home sales activity rose 4.5 per cent in January 2011 compared to the previous month,
reaching the highest level since April 2010. Led by Vancouver and Toronto, seasonally adjusted sales activity posted
monthly gains in more than half of all local Canadian
markets in January. National sales activity has
improved steadily since last summer, and now
stands almost 25 per cent above the low point
reached in July 2010.

“We anticipated the recent announcement of tighter

mortgage regulations, which will come into effect
this March, would pull forward sales activity into the
first quarter of 2011, particularly in some of Canada’s
more expensive housing markets,” said Gregory
Klump, CREA’s Chief Economist. “The sharp rise in
sales activity in Toronto following the announcement
provides early evidence confirming this,” said Klump.

“It will take some time before the longer term impact
of the latest mortgage regulations on the housing
market can be known,” said Georges Pahud, CREA’s †
Data table available to media upon request, for purposes of reprinting only.
President. “For that reason, further action shouldn’t
be taken until the impact can be measured. In the meantime, if last year can be used as any guide, sales activity may
heat up further as we get closer to the date on which tighter mortgage regulations come into effect, especially in some of
Canada’s pricier markets. That said, local housing market trends often diverge from national trends, so buyers and sellers
should consult their local REALTOR® to understand how the market is shaping up where they live.”

Actual (not seasonally adjusted) national sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real
estate Boards came in 6.6 per cent below levels in January 2010. This was the smallest year-over-year decline since
May 2010.

Actual (not seasonally adjusted) new listings on Canadian MLS® Systems normally post their biggest month-over-month
increase in January. January 2011 was no exception, marking the first time since 2007 that new listings more than
doubled in January compared to the previous month. As a result, seasonally adjusted new listings rose 3.9 per cent from
December levels, the largest monthly gain since March 2010.

Sales activity has been on the rise and prices have been stable since last autumn, so CREA had been expecting potential
sellers who shied away from the market last summer to begin listing their properties in early 2011. Because sales activity
and new supply rose in tandem in January, the national resale housing market remained balanced. The national sales-to-
new listings ratio, a measure of market balance, stood at 55.7 per cent in January 2011, which is little changed from the
previous two months. Just over half of local markets in Canada were in balanced market territory in January.

The number of months of inventory represents the number of months it would take to sell current inventories at the
current rate of sales activity, and is another measure of the balance between housing supply and demand. The seasonally
adjusted number of months of inventory stood at 5.5 months at the end of January on a national basis. This is the
lowest level since last March.
About two-thirds of local markets recorded year-over-year gains in average price in January 2011. The national average
price for homes sold in January 2011 was $343,675. While this is little changed compared to the previous three months,
it represents an increase of 4.5 per cent compared to January 2010.

Much of the year-over-year gain in January 2011 resulted from a jump in the number of multi-million dollar home sales in
a couple of areas in Greater Vancouver, the effects of which were amplified at the local, provincial, and national levels by
the fact that actual monthly volumes for sales activity are low in January compared to other months.

PLEASE NOTE: The information contained in this news release combines both major market and national
MLS® sales information 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 neighborhoods or account for price differential between
geographic areas. Statistical information contained in this report includes all housing types.

MLS® is a co-operative marketing system 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 100,000 REALTORS® working through more than 100 real estate Boards and Associations.

Further information can be found at http://www.crea.ca/public/news_stats/media.htm

- 30 -

For more information, please contact:

Pierre Leduc, Media relations

The Canadian Real Estate Association
P: 613-237-7111 or 613 884-1460
E: pleduc@crea.ca
Chart 1 Chart 2

Chart 3 Chart 4

Chart 5 Chart 6

February 15th 2011 Issued by: CREA Communications Department

Dollar Volume over MLS® Systems of Select Canadian Real Estate Boards & Associations
January 2011

Total1 Residential
s.a.2 nsa3 s.a.2 nsa3

Dollar Volume* monthly year-over-year monthly year-over-year

Jan 2011 Dec 2010 percentage Jan 2011 Jan 2010 percentage Jan 2011 Dec 2010 percentage Jan 2011 Jan 2010 percentage
change change change change

Fraser Valley 633.9 566.9 11.8 367.4 420.3 -12.6 592.8 539.6 9.9 341.3 392.7 -13.1
Vancouver 2,639.2 1,954.3 35.0 1,446.4 1,280.7 12.9 2,553.1 1,895.2 34.7 1,414.6 1,249.8 13.2
Victoria 274.5 264.3 3.9 166.9 211.6 -21.1 260.4 252.9 3.0 155.2 196.7 -21.1
Calgary 834.6 813.6 2.6 555.5 582.8 -4.7 728.6 724.5 0.6 513.8 534.0 -3.8
Edmonton 463.2 512.7 -9.7 278.3 314.7 -11.6 416.7 449.1 -7.2 249.9 278.3 -10.2
Regina 94.8 83.6 13.4 56.3 46.6 20.6 92.6 79.6 16.3 55.9 44.0 27.2
Saskatoon 130.8 123.2 6.1 77.2 58.3 32.4 100.2 97.5 2.8 58.6 48.4 21.1
Winnipeg 262.3 266.1 -1.4 124.5 102.1 21.9 257.4 259.7 -0.9 120.6 97.4 23.8
Hamilton-Burlington 391.1 390.6 0.1 241.9 215.6 12.2 390.1 390.7 -0.1 230.3 205.9 11.8
Kitchener-Waterloo 164.5 163.2 0.8 114.8 138.3 -17.0 160.1 185.3 -13.6 103.6 124.5 -16.8
London and St Thomas 168.6 165.4 1.9 104.7 123.0 -14.9 163.0 150.3 8.5 98.4 108.1 -8.9
Ottawa 428.7 410.2 4.5 233.9 237.9 -1.7 421.3 406.7 3.6 226.5 234.7 -3.5
St. Catharines 59.5 64.7 -8.0 38.4 42.6 -9.9 56.8 59.5 -4.5 35.7 38.3 -6.7
Sudbury 49.2 50.3 -2.1 30.2 24.4 23.8 45.4 47.1 -3.7 27.2 21.5 26.8
Thunder Bay 28.5 29.6 -4.0 15.8 14.4 9.8 25.6 26.4 -2.8 13.6 13.3 2.2
Toronto† 3,310.6 3,204.1 3.3 1,853.9 2,039.6 -9.1 3,331.6 3,166.6 5.2 1,853.9 2,039.6 -9.1
Windsor-Essex 75.2 71.7 4.8 48.7 51.3 -4.9 68.8 62.3 10.4 43.8 44.9 -2.6
Trois Rivières CMA 14.3 14.8 -3.8 12.7 11.7 8.0 13.1 12.5 4.4 11.5 9.6 18.9
Montreal CMA 1,158.4 1,121.9 3.3 764.8 806.1 -5.1 1,085.0 1,059.5 2.4 710.0 756.0 -6.1
Gatineau CMA 86.5 89.6 -3.5 51.6 60.6 -14.9 77.7 79.8 -2.6 45.5 50.2 -9.4
Quebec CMA 165.0 149.3 10.5 128.8 125.7 2.5 153.7 144.1 6.7 124.3 119.8 3.8
Saguenay CMA 19.5 23.0 -15.4 12.1 17.4 -30.4 19.4 20.4 -5.1 12.0 16.2 -26.2
Saint John 28.6 24.6 16.1 16.8 19.8 -15.0 26.3 23.1 13.7 15.5 18.0 -14.2
Halifax-Dartmouth 137.0 144.4 -5.1 76.9 75.8 1.5 133.3 139.7 -4.5 75.4 72.6 3.9
Newfoundland & Labrador 88.5 80.9 9.4 51.9 59.6 -13.0 86.6 76.4 13.4 48.7 56.6 -13.9
Canada 14,805.4 13,689.1 8.2 8,674.3 8,917.2 -2.7 14,097.2 12,975.4 8.6 8,219.7 8,417.4 -2.3

*
in millions of dollars
†
Detailed data for the Toronto Real Estate Board (TREB) market area can be found at http://www.torontorealestateboard.com/consumer_info/market_news/index.htm

1
Total = Residential + Non-residential
2
Seasonally adjusted
3
Not seasonally adjusted

Source: The Canadian Real Estate Association

Note: Due to changes 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.
Sales Activity over MLS® Systems of Select Canadian Real Estate Boards & Associations
January 2011

Total1 Residential
s.a.2 nsa3 s.a.2 nsa3

Sales Activity monthly year-over-year monthly year-over-year

Jan 2011 Dec 2010 percentage Jan 2011 Jan 2010 percentage Jan 2011 Dec 2010 percentage Jan 2011 Jan 2010 percentage
change change change change

Fraser Valley 1,395 1,260 10.7 834 981 -15.0 1,279 1,211 5.6 773 905 -14.6
Vancouver 3,334 2,863 16.5 1,892 2,004 -5.6 3,246 2,842 14.2 1,855 1,960 -5.4
Victoria 562 541 3.9 339 418 -18.9 533 509 4.7 319 386 -17.4
Calgary 1,996 1,998 -0.1 1,361 1,466 -7.2 1,833 1,827 0.3 1,302 1,398 -6.9
Edmonton 1,489 1,585 -6.1 869 990 -12.2 1,290 1,395 -7.5 792 884 -10.4
Regina 348 315 10.5 218 188 16.0 341 301 13.3 215 183 17.5
Saskatoon 434 403 7.7 260 226 15.0 313 304 3.0 195 179 8.9
Winnipeg 1,139 1,104 3.2 566 487 16.2 1,073 1,067 0.6 525 457 14.9
Hamilton-Burlington 1,202 1,181 1.8 743 750 -0.9 1,149 1,144 0.4 707 714 -1.0
Kitchener-Waterloo 627 605 3.6 425 466 -8.8 582 585 -0.5 389 439 -11.4
London and St Thomas 754 729 3.4 460 525 -12.4 721 683 5.6 440 487 -9.7
Ottawa 1,308 1,276 2.5 716 747 -4.1 1,264 1,249 1.2 687 725 -5.2
St. Catharines 260 259 0.4 158 178 -11.2 250 248 0.8 151 167 -9.6
Sudbury 222 246 -9.8 142 125 13.6 194 212 -8.5 123 108 13.9
Thunder Bay 199 200 -0.5 116 116 0.0 176 182 -3.3 101 106 -4.7
Toronto† 7,526 7,151 5.2 4,340 4,986 -13.0 7,524 7,171 4.9 4,340 4,986 -13.0
Windsor-Essex 459 452 1.5 300 319 -6.0 427 392 8.9 281 293 -4.1
Trois Rivières CMA 86 89 -3.4 70 71 -1.4 80 80 0.0 66 64 3.1
Montreal CMA 3,725 3,646 2.2 2,585 2,856 -9.5 3,606 3,510 2.7 2,477 2,750 -9.9
Gatineau CMA 370 377 -1.9 218 274 -20.4 331 344 -3.8 199 244 -18.4
Quebec CMA 692 617 12.2 545 571 -4.6 641 592 8.3 522 543 -3.9
Saguenay CMA 126 137 -8.0 77 106 -27.4 117 121 -3.3 71 101 -29.7
Saint John 173 152 13.8 103 124 -16.9 149 133 12.0 90 107 -15.9
Halifax-Dartmouth 536 545 -1.7 314 324 -3.1 503 496 1.4 299 300 -0.3
Newfoundland & Labrador 421 344 22.4 233 266 -12.4 375 306 22.5 207 240 -13.8
Canada 42,379 40,558 4.5 25,626 27,463 -6.7 39,481 37,773 4.5 23,917 25,606 -6.6

†
Detailed data for the Toronto Real Estate Board (TREB) market area can be found at http://www.torontorealestateboard.com/consumer_info/market_news/index.htm

1
Total = Residential + Non-residential
2
Seasonally adjusted
3
Not seasonally adjusted

Source: The Canadian Real Estate Association

Note: Due to changes 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.
New Listings over MLS® Systems of Select Canadian Real Estate Boards & Associations
January 2011

Total1 Residential
s.a.2 nsa3 s.a.2 nsa3

New Listings monthly year-over-year monthly year-over-year

Jan 2011 Dec 2010 percentage Jan 2011 Jan 2010 percentage Jan 2011 Dec 2010 percentage Jan 2011 Jan 2010 percentage
change change change change

Fraser Valley 2,779 2,461 12.9 2,632 2,941 -10.5 2,583 2,250 14.8 2,362 2,572 -8.2
Vancouver 5,626 5,011 12.3 5,188 5,572 -6.9 5,341 4,767 12.0 4,916 5,325 -7.7
Victoria 1,246 1,282 -2.8 1,187 1,211 -2.0 1,138 1,142 -0.4 1,035 1,018 1.7
Calgary 4,103 3,968 3.4 4,014 3,919 2.4 3,621 3,521 2.8 3,567 3,487 2.3
Edmonton 3,287 3,321 -1.0 2,675 2,781 -3.8 2,624 2,609 0.6 2,160 2,199 -1.8
Regina 623 511 21.9 429 381 12.6 591 454 30.2 404 346 16.8
Saskatoon 1,140 988 15.4 837 622 34.6 708 660 7.3 531 394 34.8
Winnipeg 1,591 1,585 0.4 1,141 984 16.0 1,408 1,395 0.9 981 848 15.7
Hamilton-Burlington 1,959 1,953 0.3 1,916 1,741 10.1 1,818 1,809 0.5 1,734 1,548 12.0
Kitchener-Waterloo 1,071 939 14.1 1,162 1,056 10.0 960 839 14.4 1,010 917 10.1
London and St Thomas 1,597 1,540 3.7 1,471 1,350 9.0 1,437 1,300 10.5 1,260 1,129 11.6
Ottawa 2,215 2,222 -0.3 1,813 1,588 14.2 2,128 2,109 0.9 1,699 1,491 14.0
St. Catharines 512 506 1.2 494 650 -24.0 432 447 -3.4 408 525 -22.3
Sudbury 394 423 -6.9 327 425 -23.1 312 355 -12.1 247 330 -25.2
Thunder Bay 257 241 6.6 189 218 -13.3 211 184 14.7 152 172 -11.6
Toronto† 11,091 10,798 2.7 9,025 10,021 -9.9 11,088 10,796 2.7 9,025 10,021 -9.9
Windsor-Essex 985 975 1.0 1,055 1,119 -5.7 804 817 -1.6 819 840 -2.5
Trois Rivières CMA 197 179 10.1 202 157 28.7 166 143 16.1 174 144 20.8
Montreal CMA 6,872 6,786 1.3 8,133 7,408 9.8 6,451 6,334 1.8 7,637 6,886 10.9
Gatineau CMA 621 568 9.3 628 590 6.4 536 559 -4.1 559 535 4.5
Quebec CMA 1,166 1,054 10.6 1,268 1,048 21.0 1,059 960 10.3 1,186 965 22.9
Saguenay CMA 236 249 -5.2 241 256 -5.9 201 190 5.8 216 223 -3.1
Saint John 498 353 41.1 426 403 5.7 323 255 26.7 263 283 -7.1
Halifax-Dartmouth 931 1,261 -26.2 816 851 -4.1 804 1,122 -28.3 706 716 -1.4
Newfoundland & Labrador 890 959 -7.2 776 801 -3.1 750 784 -4.3 653 600 8.8
Canada 81,504 78,755 3.5 74,478 75,314 -1.1 70,939 68,247 3.9 64,302 64,521 -0.3

†
Detailed data for the Toronto Real Estate Board (TREB) market area can be found at http://www.torontorealestateboard.com/consumer_info/market_news/index.htm

1
Total = Residential + Non-residential
2
Seasonally adjusted
3
Not seasonally adjusted

Source: The Canadian Real Estate Association

Note: Due to changes 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.
Average Sale Price over MLS® Systems of Select Canadian Real Estate Boards & Associations
January 2011

Total1 Residential
s.a.2 nsa3 s.a.2 nsa3

Average Price* monthly year-over-year monthly year-over-year

Jan 2011 Dec 2010 percentage Jan 2011 Jan 2010 percentage Jan 2011 Dec 2010 percentage Jan 2011 Jan 2010 percentage
change change change change

Fraser Valley 454,396 449,956 1.0 440,576 428,461 2.8 463,462 445,577 4.0 441,544 433,971 1.7
Vancouver 791,591 682,596 16.0 764,459 639,074 19.6 786,541 666,848 17.9 762,562 637,637 19.6
Victoria 488,519 488,577 0.0 492,267 506,205 -2.8 488,638 496,868 -1.7 486,384 509,514 -4.5
Calgary 418,126 407,208 2.7 408,151 397,518 2.7 397,514 396,545 0.2 394,655 382,009 3.3
Edmonton 311,081 323,496 -3.8 320,244 317,920 0.7 322,991 321,951 0.3 315,483 314,783 0.2
Regina 272,507 265,452 2.7 258,088 248,075 4.0 271,535 264,575 2.6 260,133 240,274 8.3
Saskatoon 301,321 305,772 -1.5 296,914 257,977 15.1 320,146 320,560 -0.1 300,353 270,191 11.2
Winnipeg 230,265 241,041 -4.5 219,969 209,667 4.9 239,902 243,401 -1.4 229,716 213,134 7.8
Hamilton-Burlington 325,397 330,729 -1.6 325,626 287,414 13.3 339,520 341,516 -0.6 325,732 288,397 12.9
Kitchener-Waterloo 262,329 269,805 -2.8 270,201 296,735 -8.9 275,027 316,695 -13.2 266,452 283,664 -6.1
London and St Thomas 223,656 226,914 -1.4 227,660 234,307 -2.8 226,095 220,020 2.8 223,674 221,917 0.8
Ottawa 327,770 321,484 2.0 326,709 318,425 2.6 333,284 325,631 2.4 329,640 323,762 1.8
St. Catharines 228,710 249,652 -8.4 242,845 239,152 1.5 227,356 239,873 -5.2 236,519 229,237 3.2
Sudbury 221,647 204,290 8.5 212,630 195,081 9.0 233,955 222,282 5.3 221,444 198,871 11.4
Thunder Bay 142,977 148,223 -3.5 136,082 123,942 9.8 145,550 144,826 0.5 134,642 125,583 7.2
Toronto† 439,889 448,065 -1.8 427,159 409,058 4.4 442,795 441,588 0.3 427,159 409,058 4.4
Windsor-Essex 163,747 158,621 3.2 162,417 160,676 1.1 161,067 158,917 1.4 155,697 153,352 1.5
Trois Rivières CMA n/a n/a - n/a n/a - n/a n/a - 172,638 150,487 14.7
Montreal CMA n/a n/a - n/a n/a - n/a n/a - 294,436 284,384 3.5
Gatineau CMA n/a n/a - n/a n/a - n/a n/a - 234,350 205,790 13.9
Quebec CMA n/a n/a - n/a n/a - n/a n/a - 240,646 224,088 7.4
Saguenay CMA n/a n/a - n/a n/a - n/a n/a - 170,705 161,972 5.4
Saint John 165,484 162,169 2.0 163,345 159,592 2.4 176,375 173,804 1.5 171,788 168,439 2.0
Halifax-Dartmouth 255,641 264,977 -3.5 245,055 234,095 4.7 265,106 281,639 -5.9 252,141 241,968 4.2
Newfoundland & Labrador 210,243 235,144 -10.6 222,702 224,166 -0.7 230,881 249,563 -7.5 235,361 235,741 -0.2
Canada 349,356 337,520 3.5 338,495 324,698 4.2 357,062 343,510 3.9 343,675 328,728 4.5

* Weighted average price for Quebec residential markets (provided by Québec Federation of Real Estate Boards).
Information on Quebec residential market weighted average price calculations can be found at: http://www.fciq.ca/immobilier-economiste.php
†
Detailed data for the Toronto Real Estate Board (TREB) market area can be found at http://www.torontorealestateboard.com/consumer_info/market_news/index.htm

1
Total = Residential + Non-residential
2
Seasonally adjusted
3
Not seasonally adjusted

Source: The Canadian Real Estate Association

Note: Due to changes 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.
Sales as a Percentage of New Listings over MLS® Systems of Select Canadian Real Estate Boards & Associations
January 2011

Total1 Residential
s.a.2 nsa3 s.a.2 nsa3
Sales as a Percentage
of New Listings Jan 2011 Dec 2010 monthly change Jan 2011 Jan 2010
year-over-year
Jan 2011 Dec 2010 monthly change Jan 2011 Jan 2010
year-over-year
change change

Fraser Valley 50.2 51.2 -1.0 31.7 33.4 -1.7 49.5 53.8 -4.3 32.7 35.2 -2.5
Vancouver 59.3 57.1 2.2 36.5 36.0 0.5 60.8 59.6 1.2 37.7 36.8 0.9
Victoria 45.1 42.2 2.9 28.6 34.5 -5.9 46.8 44.6 2.2 30.8 37.9 -7.1
Calgary 48.6 50.4 -1.8 33.9 37.4 -3.5 50.6 51.9 -1.3 36.5 40.1 -3.6
Edmonton 45.3 47.7 -2.4 32.5 35.6 -3.1 49.2 53.5 -4.3 36.7 40.2 -3.5
Regina 55.9 61.6 -5.7 50.8 49.3 1.5 57.7 66.3 -8.6 53.2 52.9 0.3
Saskatoon 38.1 40.8 -2.7 31.1 36.3 -5.2 44.2 46.1 -1.9 36.7 45.4 -8.7
Winnipeg 71.6 69.7 1.9 49.6 49.5 0.1 76.2 76.5 -0.3 53.5 53.9 -0.4
Hamilton-Burlington 61.4 60.5 0.9 38.8 43.1 -4.3 63.2 63.2 0.0 40.8 46.1 -5.3
Kitchener-Waterloo 58.5 64.4 -5.9 36.6 44.1 -7.5 60.6 69.7 -9.1 38.5 47.9 -9.4
London and St Thomas 47.2 47.3 -0.1 31.3 38.9 -7.6 50.2 52.5 -2.3 34.9 43.1 -8.2
Ottawa 59.1 57.4 1.7 39.5 47.0 -7.5 59.4 59.2 0.2 40.4 48.6 -8.2
St. Catharines 50.8 51.2 -0.4 32.0 27.4 4.6 57.9 55.5 2.4 37.0 31.8 5.2
Sudbury 56.3 58.2 -1.9 43.4 29.4 14.0 62.2 59.7 2.5 49.8 32.7 17.1
Thunder Bay 77.4 83.0 -5.6 61.4 53.2 8.2 83.4 98.9 -15.5 66.4 61.6 4.8
Toronto† 67.9 66.2 1.7 48.1 49.8 -1.7 67.9 66.4 1.5 48.1 49.8 -1.7
Windsor-Essex 46.6 46.4 0.2 28.4 28.5 -0.1 53.1 48.0 5.1 34.3 34.9 -0.6
Trois Rivières CMA 43.7 49.7 -6.0 34.7 45.2 -10.5 48.2 55.9 -7.7 37.9 44.4 -6.5
Montreal CMA 54.2 53.7 0.5 31.8 38.6 -6.8 55.9 55.4 0.5 32.4 39.9 -7.5
Gatineau CMA 59.6 66.4 -6.8 34.7 46.4 -11.7 61.8 61.5 0.3 35.6 45.6 -10.0
Quebec CMA 59.3 58.5 0.8 43.0 54.5 -11.5 60.5 61.7 -1.2 44.0 56.3 -12.3
Saguenay CMA 53.4 55.0 -1.6 32.0 41.4 -9.4 58.2 63.7 -5.5 32.9 45.3 -12.4
Saint John 34.7 43.1 -8.4 24.2 30.8 -6.6 46.1 52.2 -6.1 34.2 37.8 -3.6
Halifax-Dartmouth 57.6 43.2 14.4 38.5 38.1 0.4 62.6 44.2 18.4 42.4 41.9 0.5
Newfoundland & Labrador 47.3 35.9 11.4 30.0 33.2 -3.2 50.0 39.0 11.0 31.7 40.0 -8.3
Canada 52.0 51.5 0.5 34.4 36.5 -2.1 55.7 55.3 0.4 37.2 39.7 -2.5

†
Detailed data for the Toronto Real Estate Board (TREB) market area can be found at http://www.torontorealestateboard.com/consumer_info/market_news/index.htm

1
Total = Residential + Non-residential
2
Seasonally adjusted
3
Not seasonally adjusted

Source: The Canadian Real Estate Association

Dollar Volume & Sales Activity over MLS® Systems of Canadian Real Estate Boards & Associations
January 2011

Total1 Residential
s.a.2 nsa3 s.a.2 nsa3

Dollar Volume* monthly year-over-year monthly year-over-year

Jan 2011 Dec 2010 percentage Jan 2011 Jan 2010 percentage Jan 2011 Dec 2010 percentage Jan 2011 Jan 2010 percentage
change change change change

British Columbia 4,248.8 3,420.5 24.2 2,379.8 2,402.0 -0.9 4,039.7 3,237.4 24.8 2,267.8 2,270.6 -0.1
Alberta 1,722.0 1,712.6 0.5 1,086.2 1,114.7 -2.6 1,537.1 1,523.6 0.9 1,001.6 1,007.1 -0.6
Saskatchewan 297.1 275.8 7.7 175.8 138.4 27.1 259.8 235.0 10.6 151.4 121.3 24.8
Manitoba 288.8 291.0 -0.8 137.9 114.5 20.5 282.4 285.0 -0.9 132.3 106.9 23.7
Ontario 6,005.0 5,814.2 3.3 3,434.1 3,627.9 -5.3 5,880.4 5,652.7 4.0 3,314.4 3,505.3 -5.4
Quebec 1,830.5 1,773.0 3.2 1,228.3 1,280.5 -4.1 1,706.6 1,665.0 2.5 1,137.2 1,184.0 -4.0
New Brunswick 100.9 83.8 20.4 55.7 57.8 -3.6 95.2 77.9 22.3 52.3 54.5 -4.0
Nova Scotia 188.6 201.2 -6.3 103.3 103.2 0.1 175.5 188.3 -6.8 96.4 97.5 -1.1
Prince Edward Island 22.4 22.4 0.2 12.1 12.9 -6.2 19.7 19.7 0.4 9.6 8.6 11.3
Newfoundland & Labrador 88.5 80.9 9.4 51.9 59.6 -13.0 86.6 76.4 13.4 48.7 56.6 -13.9
Northwest Territories 4.2 4.5 -7.3 4.2 2.7 52.9 5.2 5.9 -11.5 2.9 2.5 18.2
Yukon 8.5 9.2 -7.8 5.0 3.1 64.1 8.9 8.6 3.6 5.0 2.5 102.8
Canada 14,805.4 13,689.1 8.2 8,674.3 8,917.2 -2.7 14,097.2 12,975.4 8.6 8,219.7 8,417.4 -2.3

Total1 Residential
s.a.2 nsa3 s.a.2 nsa3

Sales Activity monthly year-over-year monthly year-over-year

Jan 2011 Dec 2010 percentage Jan 2011 Jan 2010 percentage Jan 2011 Dec 2010 percentage Jan 2011 Jan 2010 percentage
change change change change

British Columbia 7,614 6,823 11.6 4,430 5,036 -12.0 7,126 6,413 11.1 4,137 4,619 -10.4
Alberta 4,881 4,876 0.1 3,070 3,186 -3.6 4,385 4,374 0.3 2,874 2,934 -2.0
Saskatchewan 1,168 1,097 6.5 708 611 15.9 1,014 925 9.6 612 531 15.3
Manitoba 1,283 1,251 2.6 645 553 16.6 1,215 1,204 0.9 596 518 15.1
Ontario 17,784 17,149 3.7 10,423 11,194 -6.9 16,864 16,301 3.5 9,831 10,650 -7.7
Quebec 7,383 7,187 2.7 5,092 5,547 -8.2 6,903 6,713 2.8 4,760 5,190 -8.3
New Brunswick 696 597 16.6 385 400 -3.8 620 507 22.3 346 350 -1.1
Nova Scotia 938 1,005 -6.7 527 566 -6.9 803 848 -5.3 464 502 -7.6
Prince Edward Island 164 181 -9.4 86 83 3.6 131 136 -3.7 64 54 18.5
Newfoundland & Labrador 421 344 22.4 233 266 -12.4 375 306 22.5 207 240 -13.8
Northwest Territories 18 20 -10.0 10 8 25.0 16 19 -15.8 9 7 28.6
Yukon 29 28 3.6 17 13 30.8 29 27 7.4 17 11 54.5
Canada 42,379 40,558 4.5 25,626 27,463 -6.7 39,481 37,773 4.5 23,917 25,606 -6.6

*
in millions of dollars
1
Total = Residential + Non-residential
2
Seasonally adjusted
3
Not seasonally adjusted

Source: The Canadian Real Estate Association

Note: Due to changes 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.
New Listings and Average Sale Price over MLS® Systems of Canadian Real Estate Boards & Associations
January 2011

Total1 Residential
2 3 2 3
s.a. nsa s.a. nsa

New Listings monthly year-over-year monthly year-over-year

Jan 2011 Dec 2010 percentage Jan 2011 Jan 2010 percentage Jan 2011 Dec 2010 percentage Jan 2011 Jan 2010 percentage
change change change change

British Columbia 15,706 14,455 8.7 14,145 15,729 -10.1 14,030 12,569 11.6 12,442 13,541 -8.1
Alberta 10,564 10,451 1.1 9,494 9,742 -2.5 8,879 8,729 1.7 8,007 8,162 -1.9
Saskatchewan 2,576 2,279 13.0 1,862 1,446 28.8 1,968 1,733 13.6 1,412 1,092 29.3
Manitoba 1,844 1,798 2.6 1,339 1,244 7.6 1,660 1,580 5.1 1,158 998 16.0
Ontario 30,823 30,003 2.7 26,960 27,786 -3.0 27,390 26,705 2.6 23,400 24,266 -3.6
Quebec 14,786 14,500 2.0 16,153 14,990 7.8 13,083 12,839 1.9 14,599 13,350 9.4
New Brunswick 1,682 1,565 7.5 1,483 1,352 9.7 1,219 1,202 1.4 1,000 940 6.4
Nova Scotia 2,219 2,326 -4.6 1,913 1,841 3.9 1,651 1,859 -11.2 1,383 1,345 2.8
Prince Edward Island 357 369 -3.3 316 359 -12.0 248 201 23.4 211 209 1.0
Newfoundland & Labrador 890 959 -7.2 776 801 -3.1 750 784 -4.3 653 600 8.8
Northwest Territories 24 10 140.0 15 8 87.5 28 9 211.1 15 5 200.0
Yukon 33 40 -17.5 22 16 37.5 33 37 -10.8 22 13 69.2
Canada 81,504 78,755 3.5 74,478 75,314 -1.1 70,939 68,247 3.9 64,302 64,521 -0.3

Total1 Residential
2
s.a. nsa3 s.a.2 nsa3

Average Price* monthly year-over-year monthly year-over-year

Jan 2011 Dec 2010 percentage Jan 2011 Jan 2010 percentage Jan 2011 Dec 2010 percentage Jan 2011 Jan 2010 percentage
change change change change

British Columbia 558,027 501,326 11.3 537,211 476,961 12.6 566,899 504,823 12.3 548,183 491,571 11.5
Alberta 352,802 351,233 0.4 353,801 349,887 1.1 350,533 348,335 0.6 348,488 343,264 1.5
Saskatchewan 254,395 251,427 1.2 248,287 226,441 9.6 256,246 254,088 0.8 247,357 228,430 8.3
Manitoba 225,124 232,643 -3.2 213,824 206,963 3.3 232,410 236,684 -1.8 221,933 206,454 7.5
Ontario 337,662 339,043 -0.4 329,469 324,089 1.7 348,698 346,771 0.6 337,139 329,134 2.4
Quebec n/a n/a - n/a n/a - n/a n/a - 247,907 236,169 5.0
New Brunswick 144,936 140,335 3.3 144,741 144,498 0.2 153,577 153,555 0.0 151,260 155,783 -2.9
Nova Scotia 201,052 200,172 0.4 195,967 182,347 7.5 218,510 222,064 -1.6 207,798 194,301 6.9
Prince Edward Island 136,748 123,617 10.6 140,580 155,219 -9.4 150,658 144,525 4.2 149,670 159,319 -6.1
Newfoundland & Labrador 210,243 235,144 -10.6 222,702 224,166 -0.7 230,881 249,563 -7.5 235,361 235,741 -0.2
Northwest Territories 230,910 224,259 3.0 415,638 339,738 22.3 327,008 311,030 5.1 324,598 353,129 -8.1
Yukon 293,246 329,537 -11.0 296,938 236,669 25.5 306,090 317,419 -3.6 296,938 226,291 31.2
Canada 349,356 337,520 3.5 338,495 324,698 4.2 357,062 343,510 3.9 343,675 328,728 4.5

* Provincial weighted 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: http://www.fciq.ca/immobilier-economiste.php

1
Total = Residential + Non-residential
2
Seasonally adjusted
3
Not seasonally adjusted

Source: The Canadian Real Estate Association

Note: Due to changes 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.
Months of Inventory and Sales as a Percentage of New Listings over MLS® Systems of Canadian Real Estate Boards & Associations
January 2011

Total1 Residential
s.a.2 nsa
3
s.a.2 nsa3
Sales as a
Percentage of New
year-over-year year-over-year
Listings Jan 2011 Dec 2010 monthly change Jan 2011 Jan 2010
change
Jan 2011 Dec 2010 monthly change Jan 2011 Jan 2010
change

British Columbia 48.5 47.2 1.3 31.3 32.0 -0.7 50.8 51.0 -0.2 33.3 34.1 -0.8
Alberta 46.2 46.7 -0.5 32.3 32.7 -0.4 49.4 50.1 -0.7 35.9 35.9 0.0
Saskatchewan 45.3 48.1 -2.8 38.0 42.3 -4.3 51.5 53.4 -1.9 43.3 48.6 -5.3
Manitoba 69.6 69.6 0.0 48.2 44.5 3.7 73.2 76.2 -3.0 51.5 51.9 -0.4
Ontario 57.7 57.2 0.5 38.7 40.3 -1.6 61.6 61.0 0.6 42.0 43.9 -1.9
Quebec 49.9 49.6 0.3 31.5 37.0 -5.5 52.8 52.3 0.5 32.6 38.9 -6.3
New Brunswick 41.4 38.1 3.3 26.0 29.6 -3.6 50.9 42.2 8.7 34.6 37.2 -2.6
Nova Scotia 42.3 43.2 -0.9 27.5 30.7 -3.2 48.6 45.6 3.0 33.6 37.3 -3.7
Prince Edward Island 45.9 49.1 -3.2 27.2 23.1 4.1 52.8 67.7 -14.9 30.3 25.8 4.5
Newfoundland & Labrador 47.3 35.9 11.4 30.0 33.2 -3.2 50.0 39.0 11.0 31.7 40.0 -8.3
Northwest Territories 75.0 200.0 -125.0 66.7 100.0 -33.3 57.1 211.1 -154.0 60.0 140.0 -80.0
Yukon 87.9 70.0 17.9 77.3 81.3 -4.0 87.9 73.0 14.9 77.3 84.6 -7.3
Canada 52.0 51.5 0.5 34.4 36.5 -2.1 55.7 55.3 0.4 37.2 39.7 -2.5

Total1 Residential
2
s.a. nsa3 s.a.2 nsa3

Months of Inventory
year-over-year year-over-year
Jan 2011 Dec 2010 monthly change Jan 2011 Jan 2010 Jan 2011 Dec 2010 monthly change Jan 2011 Jan 2010
change change

British Columbia 6.2 7.1 -0.9 11.7 9.9 1.8 6.7 7.6 -0.9 9.4 7.9 1.5
Alberta 5.4 5.5 -0.1 9.6 8.3 1.3 6.0 6.1 -0.1 7.4 6.3 1.1
Saskatchewan 4.8 5.0 -0.2 10.1 10.5 -0.4 5.5 5.9 -0.4 7.5 7.5 0.0
Manitoba 2.4 2.4 0.0 4.8 5.1 -0.3 2.5 2.5 0.0 3.8 3.5 0.3
Ontario 3.5 3.6 -0.1 6.3 5.7 0.6 3.6 3.8 -0.2 5.0 4.5 0.5
Quebec 7.5 7.6 -0.1 13.2 11.0 2.2 8.0 8.2 -0.2 11.5 9.4 2.1
New Brunswick 7.6 8.8 -1.2 18.7 17.4 1.3 8.5 10.4 -1.9 12.6 11.6 1.0
Nova Scotia 7.9 7.4 0.5 21.0 18.9 2.1 9.2 8.8 0.4 13.6 11.9 1.7
Prince Edward Island 8.9 8.3 0.6 29.7 31.1 -1.4 11.1 11.0 0.1 18.5 22.7 -4.2
Newfoundland & Labrador 5.7 6.9 -1.2 12.4 8.7 3.7 6.4 7.8 -1.4 9.1 5.7 3.4
Northwest Territories 1.9 1.6 0.3 2.8 2.4 0.4 2.2 1.7 0.5 2.8 1.7 1.1
Yukon 3.3 3.8 -0.5 5.4 4.9 0.5 3.3 3.9 -0.6 4.2 4.5 -0.3
Canada 5.1 5.4 -0.3 9.7 8.5 1.2 5.5 5.7 -0.2 7.7 6.7 1.0

1
Total = Residential + Non-residential
2
Seasonally adjusted
3
Not seasonally adjusted

Source: The Canadian Real Estate Association

Note: Due to changes 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.