QUARTERLY 10 YEAR SUMMARY STATS -

CALGARY CMA

PROPERTY TYPE: TOTAL RESIDENTIAL

Sales Y/Y%New

ListingsY/Y% S/NL Ratio DOM SP/LP

Benchmark

PriceY/Y% Median Price Y/Y% Average Price Y/Y% Index

Q1-2005 6,332 8.6% 10,118 -3.4% 0.63 41 97.83% 221,900 4.8% 221,000 7.8% 254,655 11.6% 101

Q2-2005 8,758 21.4% 10,962 -2.2% 0.80 36 97.88% 230,100 6.9% 225,438 8.4% 258,345 12.1% 105

Q3-2005 7,438 17.4% 8,819 -10.5% 0.84 36 97.81% 237,333 9.3% 226,450 10.5% 258,125 13.2% 108

Q4-2005 6,486 23.2% 6,058 -12.9% 1.07 34 98.10% 246,600 13.0% 233,000 11.5% 271,148 13.9% 112

2005 29,014 17.7% 35,957 -6.6% 0.83 37 97.90% 233,983 8.5% 226,725 9.5% 260,345 12.8% 107

Q1-2006 8,079 27.6% 9,211 -9.0% 0.88 20 99.57% 271,733 22.5% 280,000 26.7% 325,554 27.8% 124

Q2-2006 9,222 5.3% 11,098 1.2% 0.83 15 100.47% 327,867 42.5% 334,250 48.3% 375,966 45.5% 149

Q3-2006 6,378 -14.3% 12,378 40.4% 0.52 24 98.33% 372,733 57.1% 340,000 50.1% 381,540 47.8% 170

Q4-2006 5,871 -9.5% 7,982 31.8% 0.74 38 97.30% 381,500 54.7% 338,800 45.4% 376,807 39.0% 174

2006 29,550 1.8% 40,669 13.1% 0.74 23 99.10% 338,458 44.7% 324,900 43.3% 363,554 39.6% 154

Q1-2007 9,122 12.9% 11,768 27.8% 0.78 31 98.35% 390,533 43.7% 367,000 31.1% 408,248 25.4% 178

Q2-2007 9,037 -2.0% 15,143 36.4% 0.60 27 98.30% 418,033 27.5% 395,000 18.2% 442,939 17.8% 190

Q3-2007 6,146 -3.6% 13,301 7.5% 0.46 39 97.44% 427,933 14.8% 392,500 15.4% 442,531 16.0% 195

Q4-2007 4,825 -17.8% 8,878 11.2% 0.54 46 96.74% 418,833 9.8% 374,000 10.4% 417,664 10.8% 191

2007 29,130 -1.4% 49,090 20.7% 0.59 34 97.87% 413,833 22.3% 382,500 17.7% 427,803 17.7% 188

Q1-2008 5,762 -36.8% 15,122 28.5% 0.38 45 97.23% 410,800 5.2% 384,000 4.6% 424,732 4.0% 187

Q2-2008 6,428 -28.9% 15,355 1.4% 0.42 46 96.80% 408,033 -2.4% 383,000 -3.0% 434,649 -1.9% 186

Q3-2008 5,624 -8.5% 12,055 -9.4% 0.47 55 96.39% 395,333 -7.6% 366,500 -6.6% 408,233 -7.8% 180

Q4-2008 3,073 -36.3% 7,734 -12.9% 0.40 55 95.50% 380,833 -9.1% 350,000 -6.4% 392,071 -6.1% 173

2008 20,887 -28.3% 50,266 2.4% 0.42 49 96.63% 398,750 -3.6% 374,250 -2.2% 418,536 -2.2% 182

Q1-2009 3,745 -35.0% 9,941 -34.3% 0.38 55 95.53% 361,467 -12.0% 342,000 -10.9% 378,163 -11.0% 165

Q2-2009 7,251 12.8% 10,518 -31.5% 0.69 51 96.35% 357,200 -12.5% 355,000 -7.3% 395,202 -9.1% 163

Q3-2009 6,655 18.3% 9,558 -20.7% 0.70 46 96.88% 365,800 -7.5% 357,500 -2.5% 404,038 -1.0% 167

Q4-2009 5,030 63.7% 6,693 -13.5% 0.75 46 96.84% 373,767 -1.9% 363,500 3.9% 412,089 5.1% 170

2009 22,681 8.6% 36,710 -27.0% 0.63 49 96.49% 364,558 -8.6% 355,000 -5.1% 398,726 -4.7% 166

Q1-2010 5,213 39.2% 11,582 16.5% 0.45 41 97.38% 383,733 6.2% 365,750 6.9% 408,837 8.1% 175

Q2-2010 5,796 -20.1% 13,726 30.5% 0.42 41 97.06% 394,167 10.3% 375,000 5.6% 428,008 8.3% 180

Q3-2010 4,252 -36.1% 9,807 2.6% 0.43 53 96.22% 387,967 6.1% 360,000 0.7% 413,981 2.5% 177

Q4-2010 3,761 -25.2% 6,250 -6.6% 0.60 57 96.13% 377,567 1.0% 359,000 -1.2% 406,707 -1.3% 172

2010 19,022 -16.1% 41,365 12.7% 0.48 47 96.78% 385,858 5.8% 365,625 3.0% 415,407 4.2% 176

Q1-2011 5,040 -3.3% 10,704 -7.6% 0.47 50 96.81% 375,867 -2.1% 360,000 -1.6% 411,716 0.7% 171

Q2-2011 6,154 6.2% 11,575 -15.7% 0.53 47 96.94% 381,233 -3.3% 375,000 0.0% 431,490 0.8% 174

Q3-2011 5,128 20.6% 10,189 3.9% 0.50 52 96.79% 381,367 -1.7% 368,550 2.4% 416,806 0.7% 174

Q4-2011 4,156 10.5% 6,249 0.0% 0.67 58 96.54% 377,033 -0.1% 360,000 0.3% 411,196 1.1% 172

2011 20,478 7.7% 38,717 -6.4% 0.54 51 96.79% 378,875 -1.8% 366,550 0.3% 418,827 0.8% 173

Q1-2012 5,521 9.5% 10,053 -6.1% 0.55 52 97.11% 376,767 0.2% 370,000 2.8% 420,229 2.1% 172

Q2-2012 7,563 22.9% 11,699 1.1% 0.65 44 97.48% 386,633 1.4% 388,000 3.5% 442,722 2.6% 176

Q3-2012 5,864 14.4% 8,963 -12.0% 0.65 47 97.22% 391,300 2.6% 375,250 1.8% 425,754 2.1% 178

Q4-2012 4,661 12.2% 5,457 -12.7% 0.85 52 96.99% 390,600 3.6% 380,000 5.6% 437,507 6.4% 178

2012 23,609 15.3% 36,172 -6.6% 0.68 48 97.24% 386,325 2.0% 380,000 3.7% 432,218 3.2% 176

Q1-2013 5,574 1.0% 9,543 -5.1% 0.58 42 97.62% 395,733 5.0% 395,000 6.8% 456,372 8.6% 180

Q2-2013 8,045 6.4% 11,623 -0.6% 0.69 36 97.74% 408,467 5.6% 402,500 3.7% 459,572 3.8% 186

Q3-2013 7,175 22.4% 9,554 6.6% 0.75 40 97.71% 415,333 6.1% 400,000 6.6% 458,486 7.7% 189

Q4-2013 5,412 16.1% 6,066 11.2% 0.89 43 97.57% 423,767 8.5% 407,500 7.2% 462,509 5.7% 193

2013 26,206 11.0% 36,786 1.7% 0.73 40 97.67% 410,825 6.3% 400,000 5.3% 459,200 6.2% 187

Q1-2014 6,518 16.9% 9,726 1.9% 0.67 34 98.37% 433,433 9.5% 425,000 7.6% 480,157 5.2% 197

Q2-2014 9,325 15.9% 13,649 17.4% 0.68 30 98.51% 451,800 10.6% 430,000 6.8% 488,071 6.2% 206

Q3-2014 7,699 7.3% 10,958 14.7% 0.70 36 97.98% 460,300 10.8% 425,000 6.3% 485,317 5.9% 210

Q4-2014 5,650 4.4% 7,293 20.2% 0.77 40 97.82% 462,100 9.0% 425,000 4.3% 483,996 4.6% 210

2014 29,192 11.4% 41,626 13.2% 0.71 34 98.20% 451,908 10.0% 426,500 6.6% 484,789 5.6% 206

Q1-2015 4,435 -32.0% 10,842 11.5% 0.41 40 97.29% 461,367 6.4% 420,000 -1.2% 470,474 -2.0% 210

Q2-2015 7,300 -21.7% 10,953 -19.8% 0.67 42 97.37% 458,633 1.5% 427,000 -0.7% 481,957 -1.3% 209

Q3-2015 5,874 -23.7% 10,243 -6.5% 0.57 42 97.49% 459,533 -0.2% 427,750 0.6% 469,031 -3.4% 209

Q4-2015 4,122 -27.0% 7,349 0.8% 0.56 47 96.69% 455,067 -1.5% 415,000 -2.4% 464,696 -4.0% 207

2015 21,731 -25.6% 39,387 -5.4% 0.55 42 97.26% 458,650 1.5% 424,000 -0.6% 472,845 -2.5% 209

Q1-2016 4,016 -9.4% 10,350 -4.5% 0.39 47 96.66% 445,133 -3.5% 416,700 -0.8% 464,833 -1.2% 203

Q2-2016 6,618 -9.3% 11,232 2.5% 0.59 47 97.00% 440,867 -3.9% 430,000 0.7% 488,396 1.3% 201

Q3-2016

Q4-2016

2016 10,637 -51.1% 21,597 -45.2% 0.49 47 96.88% 443,000 -3.4% 425,000 0.2% 479,521 1.4% 202

RES Q q_CMA_res_salesq_CMA_res_sales_ypc q_CMA_res_nlq_CMA_res_nl_ypc q_CMA_res_domq_CMA_res_splpq_CMA_res_bvq_CMA_res_bv_ypc q_CMA_res_mpq_CMA_res_mp_ypc q_CMA_res_apq_CMA_res_ap_ypcQ_CMA_res_iv

RES A a_CMA_res_salesa_CMA_res_sales_ypc a_CMA_res_nla_CMA_res_nl_ypc a_CMA_res_doma_CMA_res_splpa_CMA_res_bva_CMA_res_bv_ypc a_CMA_res_mpa_CMA_res_mp_ypc a_CMA_res_apa_CMA_res_ap_ypcA_CMA_res_iv

1

QUARTERLY 10 YEAR SUMMARY STATS -

CALGARY CMA

PROPERTY TYPE: DETACHED

Sales Y/Y%New

ListingsY/Y% S/NL Ratio DOM SP/LP

Benchmark

PriceY/Y% Median Price Y/Y% Average Price Y/Y% Index

Q1-2005 4,217 6.8% 6,666 -3.4% 0.63 39 97.84% 247,967 5.2% 249,000 10.2% 288,451 12.6% 101

Q2-2005 5,838 18.8% 7,351 -2.3% 0.79 34 97.89% 257,733 7.4% 253,700 10.3% 293,760 13.5% 105

Q3-2005 4,791 14.1% 5,746 -11.3% 0.83 34 97.77% 266,267 9.9% 259,500 13.3% 295,961 14.8% 109

Q4-2005 4,109 20.7% 3,907 -11.7% 1.05 33 98.07% 277,300 14.0% 272,000 15.3% 314,498 15.7% 113

2005 18,955 15.1% 23,670 -6.5% 0.83 35 97.89% 262,317 9.2% 257,500 12.0% 297,631 14.2% 107

Q1-2006 5,223 23.9% 6,146 -7.8% 0.85 20 99.41% 307,367 24.0% 329,000 32.1% 378,156 31.1% 126

Q2-2006 5,864 0.4% 7,294 -0.8% 0.80 16 99.99% 369,300 43.3% 383,000 51.0% 433,214 47.5% 151

Q3-2006 3,821 -20.2% 8,203 42.8% 0.47 25 98.10% 414,200 55.6% 395,000 52.2% 444,912 50.3% 169

Q4-2006 3,697 -10.0% 5,166 32.2% 0.72 39 97.26% 418,467 50.9% 382,250 40.5% 428,517 36.3% 171

2006 18,605 -1.8% 26,809 13.3% 0.71 23 98.86% 377,333 43.8% 371,000 44.1% 419,227 40.9% 154

Q1-2007 5,727 9.6% 7,744 26.0% 0.74 32 98.22% 427,600 39.1% 413,500 25.7% 465,961 23.2% 175

Q2-2007 5,799 -1.1% 10,262 40.7% 0.57 27 98.19% 457,800 24.0% 441,500 15.3% 501,133 15.7% 187

Q3-2007 3,925 2.7% 8,670 5.7% 0.45 40 97.30% 465,733 12.4% 438,500 11.0% 504,842 13.5% 190

Q4-2007 3,037 -17.9% 5,656 9.5% 0.54 47 96.68% 454,633 8.6% 417,000 9.1% 469,693 9.6% 186

2007 18,488 -0.6% 32,332 20.6% 0.57 35 97.76% 451,442 19.6% 427,500 15.2% 485,861 15.9% 184

Q1-2008 3,720 -35.0% 9,787 26.4% 0.38 45 97.15% 446,633 4.5% 425,000 2.8% 477,314 2.4% 182

Q2-2008 4,232 -27.0% 9,863 -3.9% 0.43 45 96.72% 444,900 -2.8% 420,000 -4.9% 489,930 -2.2% 182

Q3-2008 3,723 -5.1% 7,679 -11.4% 0.48 55 96.34% 431,900 -7.3% 407,000 -7.2% 459,967 -8.9% 176

Q4-2008 1,968 -35.2% 4,830 -14.6% 0.41 56 95.62% 417,733 -8.1% 390,000 -6.5% 446,842 -4.9% 171

2008 13,643 -26.2% 32,159 -0.5% 0.43 49 96.59% 435,292 -3.6% 415,000 -2.9% 472,098 -2.8% 178

Q1-2009 2,464 -33.8% 6,420 -34.4% 0.38 54 95.60% 397,133 -11.1% 380,000 -10.6% 426,013 -10.7% 162

Q2-2009 4,778 12.9% 6,778 -31.3% 0.70 49 96.40% 395,267 -11.2% 391,000 -6.9% 445,000 -9.2% 161

Q3-2009 4,200 12.8% 6,080 -20.8% 0.69 45 96.89% 407,267 -5.7% 400,000 -1.7% 461,867 0.4% 166

Q4-2009 3,168 61.0% 4,130 -14.5% 0.77 46 96.81% 416,500 -0.3% 413,000 5.9% 474,932 6.3% 170

2009 14,610 7.1% 23,408 -27.2% 0.64 48 96.51% 404,042 -7.2% 395,175 -4.8% 453,137 -4.0% 165

Q1-2010 3,277 33.0% 7,230 12.6% 0.45 38 97.43% 427,367 7.6% 419,000 10.3% 471,959 10.8% 175

Q2-2010 3,724 -22.1% 9,033 33.3% 0.41 39 97.08% 438,533 10.9% 423,450 8.3% 490,268 10.2% 179

Q3-2010 2,814 -33.0% 6,424 5.7% 0.44 53 96.20% 430,533 5.7% 403,250 0.8% 472,508 2.3% 176

Q4-2010 2,517 -20.5% 3,976 -3.7% 0.63 56 96.14% 418,900 0.6% 394,000 -4.6% 453,307 -4.6% 171

2010 12,332 -15.6% 26,663 13.9% 0.48 46 96.79% 428,833 6.1% 410,500 3.9% 473,806 4.6% 175

Q1-2011 3,295 0.5% 7,009 -3.1% 0.47 48 96.84% 418,767 -2.0% 400,000 -4.5% 469,603 -0.5% 171

Q2-2011 4,052 8.8% 7,649 -15.3% 0.53 45 96.93% 425,700 -2.9% 421,750 -0.4% 494,532 0.9% 174

Q3-2011 3,358 19.3% 6,713 4.5% 0.50 51 96.82% 426,367 -1.0% 410,000 1.7% 472,087 -0.1% 174

Q4-2011 2,698 7.2% 3,992 0.4% 0.68 57 96.49% 421,733 0.7% 400,000 1.5% 469,113 3.5% 172

2011 13,403 8.7% 25,363 -4.9% 0.54 50 96.79% 423,142 -1.3% 410,000 -0.1% 477,663 0.8% 173

Q1-2012 3,671 11.4% 6,501 -7.2% 0.56 50 97.11% 424,233 1.3% 410,000 2.5% 472,316 0.6% 173

Q2-2012 5,072 25.2% 7,731 1.1% 0.66 41 97.53% 435,600 2.3% 429,000 1.7% 498,889 0.9% 178

Q3-2012 3,792 12.9% 5,886 -12.3% 0.64 45 97.20% 440,500 3.3% 420,000 2.4% 485,683 2.9% 180

Q4-2012 2,971 10.1% 3,457 -13.4% 0.86 51 96.98% 439,667 4.3% 425,900 6.5% 496,345 5.8% 180

2012 15,506 15.7% 23,575 -7.0% 0.68 46 97.24% 435,000 2.8% 421,000 2.7% 488,881 2.3% 178

Q1-2013 3,575 -2.6% 6,161 -5.2% 0.58 41 97.64% 444,967 4.9% 440,000 7.3% 516,750 9.4% 182

Q2-2013 5,142 1.4% 7,647 -1.1% 0.67 34 97.73% 459,267 5.4% 450,618 5.0% 527,940 5.8% 188

Q3-2013 4,573 20.6% 6,205 5.4% 0.74 40 97.67% 467,267 6.1% 450,000 7.1% 525,555 8.2% 191

Q4-2013 3,345 12.6% 3,759 8.7% 0.89 43 97.52% 475,667 8.2% 460,000 8.0% 531,464 7.1% 194

2013 16,635 7.3% 23,772 0.8% 0.72 39 97.65% 461,792 6.2% 450,000 6.9% 525,588 7.5% 189

Q1-2014 4,022 12.5% 5,982 -2.9% 0.67 34 98.33% 487,367 9.5% 476,500 8.3% 551,174 6.7% 199

Q2-2014 5,750 11.8% 8,496 11.1% 0.68 28 98.48% 507,933 10.6% 490,000 8.7% 562,074 6.5% 207

Q3-2014 4,562 -0.2% 6,578 6.0% 0.69 36 97.91% 517,033 10.7% 487,500 8.3% 566,537 7.8% 211

Q4-2014 3,410 1.9% 4,197 11.7% 0.81 40 97.77% 518,567 9.0% 483,893 5.2% 559,578 5.3% 212

2014 17,744 6.7% 25,253 6.2% 0.71 34 98.16% 507,725 9.9% 485,000 7.8% 560,271 6.6% 207

Q1-2015 2,766 -31.2% 6,388 6.8% 0.43 39 97.24% 518,067 6.3% 473,750 -0.6% 540,737 -1.9% 211

Q2-2015 4,538 -21.1% 6,670 -21.5% 0.68 40 97.32% 515,567 1.5% 485,000 -1.0% 552,896 -1.6% 210

Q3-2015 3,672 -19.5% 6,175 -6.1% 0.59 39 97.53% 517,000 0.0% 480,369 -1.5% 537,288 -5.2% 211

Q4-2015 2,602 -23.7% 4,128 -1.6% 0.63 46 96.58% 512,367 -1.2% 468,000 -3.3% 531,771 -5.0% 209

2015 13,578 -23.5% 23,361 -7.5% 0.58 41 97.22% 515,750 1.6% 478,000 -1.4% 542,150 -3.2% 211

Q1-2016 2,537 -8.3% 5,962 -6.7% 0.43 45 96.61% 501,167 -3.3% 467,500 -1.3% 533,599 -1.3% 205

Q2-2016 4,312 -5.0% 6,570 -1.5% 0.66 45 97.04% 498,167 -3.4% 484,900 0.0% 555,947 0.6% 203

Q3-2016

Q4-2016

2016 6,852 -49.5% 12,544 -46.3% 0.54 45 96.88% 499,667 -3.1% 478,375 0.1% 547,677 1.0% 204

det Q q_CMA_det_salesq_CMA_det_sales_ypc q_CMA_det_nlq_CMA_det_nl_ypc q_CMA_det_domq_CMA_det_splpq_CMA_det_bvq_CMA_det_bv_ypc q_CMA_det_mpq_CMA_det_mp_ypc q_CMA_det_apq_CMA_det_ap_ypcQ_CMA_det_iv

det A a_CMA_det_salesa_CMA_det_sales_ypc a_CMA_det_nla_CMA_det_nl_ypc a_CMA_det_doma_CMA_det_splpa_CMA_det_bva_CMA_det_bv_ypc a_CMA_det_mpa_CMA_det_mp_ypc a_CMA_det_apa_CMA_det_ap_ypcA_CMA_det_iv

2

QUARTERLY 10 YEAR SUMMARY STATS -

CALGARY CMA

PROPERTY TYPE: ATTACHED

Sales Y/Y%New

ListingsY/Y% S/NL Ratio DOM SP/LP

Benchmark

PriceY/Y% Median Price Y/Y% Average Price Y/Y% Index

Q1-2005 1,211 6.9% 1,891 -2.7% 0.64 42 98.03% 169,600 3.6% 168,500 7.0% 197,822 12.8% 101

Q2-2005 1,657 24.4% 1,956 -6.6% 0.85 38 97.99% 175,267 5.9% 172,000 7.5% 199,178 12.1% 104

Q3-2005 1,469 13.5% 1,688 -11.2% 0.87 35 98.06% 179,967 8.0% 173,000 8.8% 200,733 14.0% 107

Q4-2005 1,238 18.1% 1,124 -21.0% 1.10 34 98.27% 185,667 10.8% 179,498 10.8% 210,822 13.0% 110

2005 5,575 16.0% 6,659 -9.5% 0.86 37 98.08% 177,625 7.1% 173,000 8.2% 201,879 13.0% 106

Q1-2006 1,475 21.8% 1,611 -14.8% 0.92 20 100.53% 201,400 18.8% 218,000 29.4% 242,793 22.7% 120

Q2-2006 1,871 12.9% 2,094 7.1% 0.89 13 101.92% 246,133 40.4% 265,000 54.1% 287,312 44.2% 146

Q3-2006 1,413 -3.8% 2,278 35.0% 0.62 22 98.97% 287,533 59.8% 280,000 61.8% 299,897 49.4% 171

Q4-2006 1,222 -1.3% 1,449 28.9% 0.84 35 97.64% 300,967 62.1% 274,000 52.6% 298,581 41.6% 179

2006 5,981 7.3% 7,432 11.6% 0.82 21 99.92% 259,008 45.8% 260,000 50.3% 281,608 39.5% 154

Q1-2007 1,751 18.7% 2,035 26.3% 0.86 27 98.87% 307,300 52.6% 301,500 38.3% 332,300 36.9% 183

Q2-2007 1,741 -6.9% 2,632 25.7% 0.66 23 98.76% 327,100 32.9% 325,000 22.6% 361,122 25.7% 194

Q3-2007 1,248 -11.7% 2,432 6.8% 0.51 35 97.95% 339,767 18.2% 320,000 14.3% 355,554 18.6% 202

Q4-2007 970 -20.6% 1,601 10.5% 0.61 44 97.19% 334,633 11.2% 310,000 13.1% 348,585 16.7% 199

2007 5,710 -4.5% 8,700 17.1% 0.66 31 98.34% 327,200 26.3% 315,500 21.3% 348,937 23.9% 195

Q1-2008 1,117 -36.2% 2,598 27.7% 0.43 44 97.67% 327,100 6.4% 312,000 3.5% 354,379 6.6% 194

Q2-2008 1,194 -31.4% 2,786 5.9% 0.43 46 97.18% 324,667 -0.7% 310,000 -4.6% 354,321 -1.9% 193

Q3-2008 1,029 -17.5% 2,233 -8.2% 0.46 50 96.70% 315,233 -7.2% 297,000 -7.2% 334,407 -5.9% 187

Q4-2008 587 -39.5% 1,435 -10.4% 0.41 52 95.55% 303,567 -9.3% 282,000 -9.0% 314,485 -9.8% 180

2008 3,927 -31.2% 9,052 4.0% 0.43 48 96.97% 317,642 -2.9% 305,000 -3.3% 343,165 -1.7% 189

Q1-2009 683 -38.9% 1,775 -31.7% 0.38 56 95.72% 287,700 -12.0% 273,000 -12.5% 310,035 -12.5% 171

Q2-2009 1,304 9.2% 1,943 -30.3% 0.67 54 96.61% 279,067 -14.0% 285,000 -8.1% 333,033 -6.0% 166

Q3-2009 1,336 29.8% 1,748 -21.7% 0.76 47 96.95% 283,300 -10.1% 292,000 -1.7% 338,016 1.1% 168

Q4-2009 926 57.8% 1,233 -14.1% 0.75 46 97.00% 289,567 -4.6% 286,500 1.6% 332,469 5.7% 172

2009 4,249 8.2% 6,699 -26.0% 0.64 50 96.67% 284,908 -10.3% 285,000 -6.6% 330,780 -3.6% 169

Q1-2010 1,020 49.3% 2,111 18.9% 0.48 42 97.53% 298,700 3.8% 297,670 9.0% 335,917 8.3% 178

Q2-2010 1,109 -15.0% 2,419 24.5% 0.46 41 97.18% 312,833 12.1% 300,000 5.3% 351,646 5.6% 186

Q3-2010 771 -42.3% 1,721 -1.5% 0.45 53 96.51% 310,567 9.6% 287,500 -1.5% 325,409 -3.7% 185

Q4-2010 663 -28.4% 1,185 -3.9% 0.56 57 96.44% 301,433 4.1% 292,000 1.9% 357,166 7.4% 179

2010 3,563 -16.1% 7,436 11.0% 0.49 47 96.99% 305,883 7.4% 295,000 3.5% 342,493 3.5% 182

Q1-2011 917 -10.1% 1,915 -9.3% 0.48 54 97.03% 296,133 -0.9% 290,000 -2.6% 330,988 -1.5% 176

Q2-2011 1,117 0.7% 2,095 -13.4% 0.53 51 97.22% 297,433 -4.9% 296,000 -1.3% 342,941 -2.5% 177

Q3-2011 973 26.2% 1,852 7.6% 0.53 54 96.93% 298,967 -3.7% 293,000 1.9% 348,364 7.1% 178

Q4-2011 770 16.1% 1,164 -1.8% 0.66 58 97.12% 296,467 -1.6% 295,000 1.0% 343,735 -3.8% 176

2011 3,777 6.0% 7,026 -5.5% 0.55 54 97.07% 297,250 -2.8% 295,000 0.0% 341,598 -0.3% 177

Q1-2012 1,025 11.8% 1,807 -5.6% 0.57 56 97.34% 291,200 -1.7% 295,000 1.7% 356,529 7.7% 173

Q2-2012 1,361 21.8% 2,092 -0.1% 0.65 47 97.65% 295,133 -0.8% 307,000 3.7% 367,483 7.2% 175

Q3-2012 1,120 15.1% 1,587 -14.3% 0.71 48 97.60% 297,433 -0.5% 298,000 1.7% 346,485 -0.5% 177

Q4-2012 912 18.4% 1,096 -5.8% 0.83 51 97.41% 295,867 -0.2% 305,750 3.6% 365,660 6.4% 176

2012 4,418 17.0% 6,582 -6.3% 0.69 50 97.52% 294,908 -0.8% 300,000 1.7% 359,242 5.2% 175

Q1-2013 1,129 10.1% 1,837 1.7% 0.61 40 97.88% 298,600 2.5% 320,000 8.5% 394,324 10.6% 178

Q2-2013 1,631 19.8% 2,132 1.9% 0.77 37 98.06% 307,400 4.2% 313,000 2.0% 371,162 1.0% 183

Q3-2013 1,435 28.1% 1,886 18.8% 0.76 36 98.03% 312,567 5.1% 323,000 8.4% 376,208 8.6% 186

Q4-2013 1,168 28.1% 1,242 13.3% 0.94 43 97.90% 318,800 7.8% 327,000 7.0% 389,018 6.4% 190

2013 5,363 21.4% 7,097 7.8% 0.77 39 97.98% 309,342 4.9% 320,000 6.7% 381,277 6.1% 184

Q1-2014 1,361 20.5% 1,914 4.2% 0.71 33 98.70% 325,200 8.9% 345,000 7.8% 410,121 4.0% 193

Q2-2014 2,047 25.5% 2,818 32.2% 0.73 28 98.75% 338,300 10.1% 340,000 8.6% 402,647 8.5% 201

Q3-2014 1,714 19.4% 2,291 21.5% 0.75 34 98.43% 345,233 10.5% 347,583 7.6% 406,098 7.9% 205

Q4-2014 1,256 7.5% 1,620 30.4% 0.78 39 98.16% 347,200 8.9% 343,416 5.0% 409,139 5.2% 206

2014 6,378 18.9% 8,643 21.8% 0.74 33 98.54% 338,983 9.6% 344,900 7.8% 406,448 6.6% 202

Q1-2015 950 -30.2% 2,329 21.7% 0.41 39 97.67% 347,500 6.9% 340,000 -1.4% 393,960 -3.9% 207

Q2-2015 1,604 -21.6% 2,353 -16.5% 0.68 43 97.71% 346,400 2.4% 345,000 1.5% 402,468 0.0% 206

Q3-2015 1,289 -24.8% 2,218 -3.2% 0.58 44 97.67% 346,200 0.3% 343,000 -1.3% 396,536 -2.4% 206

Q4-2015 901 -28.3% 1,745 7.7% 0.52 47 97.25% 343,833 -1.0% 335,000 -2.5% 382,323 -6.6% 204

2015 4,744 -25.6% 8,645 0.0% 0.55 43 97.61% 345,983 2.1% 341,500 -1.0% 395,326 -2.7% 206

Q1-2016 879 -7.5% 2,374 1.9% 0.37 48 97.10% 337,633 -2.8% 332,500 -2.2% 386,060 -2.0% 201

Q2-2016 1,420 -11.5% 2,589 10.0% 0.55 50 97.16% 331,233 -4.4% 340,000 -1.4% 397,353 -1.3% 197

Q3-2016

Q4-2016

2016 2,299 -51.5% 4,964 -42.6% 0.46 49 97.13% 334,433 -3.3% 338,000 -1.0% 393,036 -0.6% 199

att Q q_CMA_att_salesq_CMA_att_sales_ypc q_CMA_att_nlq_CMA_att_nl_ypc q_CMA_att_domq_CMA_att_splpq_CMA_att_bvq_CMA_att_bv_ypc q_CMA_att_mpq_CMA_att_mp_ypc q_CMA_att_apq_CMA_att_ap_ypcQ_CMA_att_iv

att A a_CMA_att_salesa_CMA_att_sales_ypc a_CMA_att_nla_CMA_att_nl_ypc a_CMA_att_doma_CMA_att_splpa_CMA_att_bva_CMA_att_bv_ypc a_CMA_att_mpa_CMA_att_mp_ypc a_CMA_att_apa_CMA_att_ap_ypcA_CMA_att_iv

3

QUARTERLY 10 YEAR SUMMARY STATS -

CALGARY CMA

PROPERTY TYPE: APARTMENT

Sales Y/Y%New

ListingsY/Y% S/NL Ratio DOM SP/LP

Benchmark

PriceY/Y% Median Price Y/Y% Average Price Y/Y% Index

Q1-2005 904 20.4% 1,561 -4.1% 0.58 48 97.50% 146,367 5.0% 152,000 6.4% 173,136 7.9% 100

Q2-2005 1,263 30.5% 1,655 4.2% 0.76 44 97.60% 150,067 5.9% 155,000 7.3% 172,274 8.1% 103

Q3-2005 1,178 39.2% 1,385 -6.2% 0.85 42 97.71% 153,900 7.6% 156,000 6.9% 175,814 10.1% 105

Q4-2005 1,139 39.8% 1,027 -7.4% 1.11 36 98.07% 159,867 10.3% 163,500 11.2% 180,326 11.0% 110

2005 4,484 32.7% 5,628 -3.0% 0.83 42 97.73% 152,550 7.2% 157,000 8.3% 175,423 9.3% 105

Q1-2006 1,381 52.8% 1,454 -6.9% 0.95 23 99.49% 174,200 19.0% 187,500 23.4% 215,005 24.2% 119

Q2-2006 1,487 17.7% 1,710 3.3% 0.87 13 101.64% 212,200 41.4% 240,000 54.8% 261,757 51.9% 145

Q3-2006 1,144 -2.9% 1,897 37.0% 0.60 22 98.77% 249,967 62.4% 250,000 60.3% 270,717 54.0% 171

Q4-2006 952 -16.4% 1,367 33.1% 0.70 37 97.07% 262,833 64.4% 249,000 52.3% 276,412 53.3% 180

2006 4,964 10.7% 6,428 14.2% 0.78 22 99.45% 224,800 47.4% 235,000 49.7% 253,626 44.6% 154

Q1-2007 1,644 19.0% 1,989 36.8% 0.83 32 98.46% 270,833 55.5% 265,000 41.3% 288,089 34.0% 186

Q2-2007 1,497 0.7% 2,249 31.5% 0.67 28 98.33% 290,867 37.1% 290,000 20.8% 312,663 19.4% 199

Q3-2007 973 -14.9% 2,199 15.9% 0.44 39 97.67% 299,900 20.0% 280,000 12.0% 302,732 11.8% 206

Q4-2007 818 -14.1% 1,621 18.6% 0.50 45 96.48% 294,067 11.9% 267,950 7.6% 306,409 10.9% 202

2007 4,932 -0.6% 8,058 25.4% 0.61 34 97.92% 288,917 28.5% 275,000 17.0% 301,475 18.9% 198

Q1-2008 925 -43.7% 2,737 37.6% 0.34 47 97.09% 287,733 6.2% 272,000 2.6% 298,222 3.5% 197

Q2-2008 1,002 -33.1% 2,706 20.3% 0.37 51 96.75% 282,533 -2.9% 267,000 -7.9% 296,886 -5.0% 194

Q3-2008 872 -10.4% 2,143 -2.5% 0.41 58 96.34% 271,267 -9.5% 252,000 -10.0% 274,472 -9.3% 186

Q4-2008 518 -36.7% 1,469 -9.4% 0.35 55 94.71% 258,133 -12.2% 247,500 -7.6% 271,905 -11.3% 177

2008 3,317 -32.7% 9,055 12.4% 0.37 52 96.44% 274,917 -4.8% 262,000 -4.7% 287,465 -4.6% 188

Q1-2009 598 -35.4% 1,746 -36.2% 0.34 59 94.86% 242,933 -15.6% 238,694 -12.2% 258,814 -13.2% 167

Q2-2009 1,169 16.7% 1,797 -33.6% 0.65 55 95.64% 238,067 -15.7% 240,000 -10.1% 261,016 -12.1% 163

Q3-2009 1,119 28.3% 1,730 -19.3% 0.65 50 96.75% 240,600 -11.3% 242,500 -3.8% 265,807 -3.2% 165

Q4-2009 936 80.7% 1,330 -9.5% 0.70 48 96.80% 245,400 -4.9% 250,000 1.0% 278,159 2.3% 168

2009 3,822 15.2% 6,603 -27.1% 0.59 53 96.14% 241,750 -12.1% 242,500 -7.4% 266,273 -7.4% 166

Q1-2010 916 53.2% 2,241 28.4% 0.41 47 96.86% 250,900 3.3% 250,000 4.7% 264,215 2.1% 172

Q2-2010 963 -17.6% 2,274 26.5% 0.42 47 96.74% 253,400 6.4% 252,500 5.2% 275,181 5.4% 174

Q3-2010 667 -40.4% 1,662 -3.9% 0.40 55 95.99% 249,367 3.6% 243,500 0.4% 269,445 1.4% 171

Q4-2010 581 -37.9% 1,089 -18.1% 0.53 61 95.57% 243,767 -0.7% 229,000 -8.4% 261,358 -6.0% 167

2010 3,127 -18.2% 7,266 10.0% 0.44 51 96.40% 249,358 3.1% 245,000 1.0% 268,177 0.7% 171

Q1-2011 828 -9.6% 1,780 -20.6% 0.47 54 96.35% 241,033 -3.9% 236,250 -5.5% 270,759 2.5% 165

Q2-2011 985 2.3% 1,831 -19.5% 0.54 52 96.61% 245,167 -3.2% 247,500 -2.0% 272,569 -0.9% 168

Q3-2011 797 19.5% 1,624 -2.3% 0.49 56 96.35% 242,967 -2.6% 240,000 -1.4% 267,443 -0.7% 167

Q4-2011 688 18.4% 1,093 0.4% 0.63 61 95.99% 238,800 -2.0% 229,950 0.4% 259,574 -0.7% 164

2011 3,298 5.5% 6,328 -12.9% 0.53 55 96.36% 241,992 -3.0% 238,750 -2.6% 268,165 0.0% 166

Q1-2012 825 -0.4% 1,745 -2.0% 0.47 54 96.72% 235,900 -2.1% 240,000 1.6% 267,598 -1.2% 162

Q2-2012 1,130 14.7% 1,876 2.5% 0.60 53 96.87% 243,467 -0.7% 250,050 1.0% 281,234 3.2% 167

Q3-2012 952 19.4% 1,490 -8.3% 0.64 55 96.85% 248,400 2.2% 246,000 2.5% 280,301 4.8% 170

Q4-2012 778 13.1% 904 -17.3% 0.86 61 96.45% 248,633 4.1% 255,000 10.9% 297,039 14.4% 170

2012 3,685 11.7% 6,015 -4.9% 0.64 55 96.74% 244,100 0.9% 248,000 3.9% 281,277 4.9% 167

Q1-2013 870 5.5% 1,545 -11.5% 0.56 48 97.00% 253,433 7.4% 251,625 4.8% 288,785 7.9% 174

Q2-2013 1,272 12.6% 1,844 -1.7% 0.69 39 97.32% 262,567 7.8% 255,750 2.3% 296,555 5.4% 180

Q3-2013 1,167 22.6% 1,463 -1.8% 0.80 44 97.46% 266,233 7.2% 261,000 6.1% 296,843 5.9% 182

Q4-2013 899 15.6% 1,065 17.8% 0.84 45 97.30% 274,600 10.4% 260,500 2.2% 301,423 1.5% 188

2013 4,208 14.2% 5,917 -1.6% 0.72 44 97.29% 264,208 8.2% 258,000 4.0% 296,068 5.3% 181

Q1-2014 1,135 30.5% 1,830 18.4% 0.62 35 98.05% 279,700 10.4% 279,000 10.9% 312,480 8.2% 192

Q2-2014 1,528 20.1% 2,335 26.6% 0.65 36 98.28% 292,500 11.4% 280,000 9.5% 324,034 9.3% 201

Q3-2014 1,423 21.9% 2,089 42.8% 0.68 40 97.67% 298,667 12.2% 282,500 8.2% 320,350 7.9% 205

Q4-2014 984 9.5% 1,476 38.6% 0.67 42 97.52% 300,300 9.4% 282,500 8.4% 317,619 5.4% 206

2014 5,070 20.5% 7,730 30.6% 0.66 38 97.91% 292,792 10.8% 280,000 8.5% 319,168 7.8% 201

Q1-2015 719 -36.7% 2,125 16.1% 0.34 45 97.05% 297,433 6.3% 265,000 -5.0% 301,269 -3.6% 204

Q2-2015 1,158 -24.2% 1,930 -17.3% 0.60 48 97.10% 293,167 0.2% 273,000 -2.5% 314,062 -3.1% 201

Q3-2015 913 -35.8% 1,850 -11.4% 0.49 48 96.88% 293,967 -1.6% 266,000 -5.8% 296,855 -7.3% 201

Q4-2015 619 -37.1% 1,476 0.0% 0.42 52 96.52% 288,600 -3.9% 275,000 -2.7% 302,645 -4.7% 198

2015 3,409 -32.8% 7,381 -4.5% 0.46 48 96.92% 293,292 0.2% 270,000 -3.6% 304,682 -4.5% 201

Q1-2016 600 -16.6% 2,014 -5.2% 0.30 52 96.27% 281,033 -5.5% 257,250 -2.9% 289,469 -3.9% 193

Q2-2016 886 -23.5% 2,073 7.4% 0.43 54 96.38% 277,400 -5.4% 272,750 -0.1% 305,549 -2.7% 190

Q3-2016

Q4-2016

2016 1,486 -56.4% 4,089 -44.6% 0.36 53 96.34% 279,217 -4.8% 266,000 -1.5% 299,056 -1.8% 191

apt Q q_CMA_apt_salesq_CMA_apt_sales_ypc q_CMA_apt_nlq_CMA_apt_nl_ypc q_CMA_apt_domq_CMA_apt_splpq_CMA_apt_bvq_CMA_apt_bv_ypc q_CMA_apt_mpq_CMA_apt_mp_ypc q_CMA_apt_apq_CMA_apt_ap_ypcQ_CMA_apt_iv

apt A a_CMA_apt_salesa_CMA_apt_sales_ypc a_CMA_apt_nla_CMA_apt_nl_ypc a_CMA_apt_doma_CMA_apt_splpa_CMA_apt_bva_CMA_apt_bv_ypc a_CMA_apt_mpa_CMA_apt_mp_ypc a_CMA_apt_apa_CMA_apt_ap_ypcA_CMA_apt_iv

4

QUARTERLY 10 YEAR SUMMARY STATS -

CALGARY CMA

BENCHMARK PROPERTY

Detached Attached

One Storey Two Storey Total Att Total

Gross Living Area (Above Ground) 1,135 1,723 1,330 CMA_att_sqftGross Living Area (Above Ground) 1,167

Lot Size 5,494 4,418 4,991 CMA_att_lotLot Size N/A

Above Ground Bedrooms 3 3 3 CMA_att_agbAbove Ground Bedrooms 2

Year Built 1977 1995 1986 CMA_att_ageYear Built 1989

Below Ground Bedrooms 1 0 0 CMA_att_bgbBelow Ground Bedrooms 0

Covered Parking Spaces 2 2 2 CMA_att_parkCovered Parking Spaces 1

Full Bathrooms 2 2 2 CMA_att_fbathFull Bathrooms 2

Half Bathrooms 0 1 1 CMA_att_hbathHalf Bathrooms 1

Number of Fireplaces 1 1 1 CMA_att_fireNumber of Fireplaces 0

Finished Basement Yes Yes Yes CMA_att_fb Finished Basement Yes

Apartment Total Residential

Total Comp Total

Gross Living Area (Above Ground) 884 CMA_res_sqftGross Living Area (Above Ground) 1,207

Lot Size N/A CMA_res_lotLot Size -

Above Ground Bedrooms 2 CMA_res_agbAbove Ground Bedrooms 3

Year Built 1992 CMA_res_ageYear Built 1987

Below Ground Bedrooms 0 CMA_res_bgbBelow Ground Bedrooms 0

Covered Parking Spaces 0 CMA_res_parkCovered Parking Spaces 1

Full Bathrooms 1 CMA_res_fbathFull Bathrooms 2

Half Bathrooms 0 CMA_res_hbathHalf Bathrooms 1

Number of Fireplaces 0 CMA_res_fireNumber of Fireplaces 1

Finished Basement No CMA_res_fb Finished Basement Yes

DEFINITIONS

Detached - A unit that is not attached to any other unit

Attached - A unit that is attached to another unit by at least one common wall

Apartment - An attached unit that has connecting enclosed hallways

Total Residential - includes detached, attached and apartment style properties

Exclusions - Data does not include activity related to rental, land or leased properties

Months of Supply - Active Listings (Inventory) / sales

Average DOM - Average Days on Market for Sold properties

Y/Y% - year over year percentage change

S/NL Ratio - Total number of sales / Total number of new listings

SP/LP Ratio - Total dollar volume of sales / Total dollar volume of new listings

Benchmark Price

MLS® Home Price Index

*Information not available for Apartment & Attached Lot Size

5