TOPIC A1: MAJOR TRENDS IN THE RETAIL MARKET: WHY ARE MAJOR RETAILERS NOW FOCUSSING ON SMALLER MARKETS?

Moderator: Stephen Knight, President, Sitings Realty Ltd.

Panel: Christina Flanigan, Westbank Projects Corporation Scott Lee, President, Northwest Atlantic (B.C.) Broker Inc. Bob Tattle, Vice President Business Development - Retail,Anthem Properties Ltd. Jeffrey C. Wren, Principal, Staburn Property Group ETA 2006 ETA Avg HH ETA 2006 ETA Avg HH Market 2006 CMA Population Income Market 2006 CMA Population Income Kelowna 106,893 121,891 $52,946 100 Mile 18,023 14,693 $46,016 House Kamloops 94,187 153,539 $51,412 Fort St. John 17,831 31,245 $62,832 Nanaimo 91,572 137,535 $48,618 Westbank 16,809 38,674 $54,528 Prince 89,446 101,950 $60,350 George Salmon Arm 16,622 39,118 $45,827 Vernon 55,234 82,881 $47,969 Squamish 15,867 33,114 $63,965 Penticton 43,901 80,059 $43,901 Prince Rupert 14,269 20,639 $54,710

Duncan 42,280 82,504 $51,199 Kitimat 10,185 10,694 $70,419 Campbell 37,472 56,283 $54,296 Nelson 9,936 32,879 $44,931 River Osoyoos/ 9,300 19,284 $39,020 Parksville 26,339 37,037 $47,958 Oliver Williams Lake 25,967 35,460 $53,473 Trail 7,378 40,886 $50,106 Quesnel 25,506 25,791 $60,663 Revelstoke 6,910 8,071 $50,082 Cranbrook 24,786 55,321 $50,197 Castleger 6,851 9,888 $52,759 Terrace 19,890 67,526 $58,770 Merrit 6,466 10,702 $47,781 Courtenay 19,321 58,516 $49,405 Fernie 4,547 10,264 $55,288 Port Alberni 19,321 31,163 $49,005 Fort Nelson 4,299 6,099 $71,006 Powell River 18,764 19,893 $48,781 Gibsons 4,212 27,275 $49,482 Dawson Creek 18,108 25,114 $53,335 CMA Trade Area

2006 Average HH Markets Projected 2001 Population 2003 Estimate 2006 Projection Income

Courtenay 19,321 58,193 58,612 58,309 $49,405

Trail 7,378 42,232 41,556 40,992 $50,059

Westbank 16,809 30,173 35,545 36,056 $53,336

Squamish 15,867 30,167 31,727 33,064 $63,965

CMA Trade Area

2006 Average HH Markets Projected 2001 Population 2003 Estimate 2006 Projection Income

Courtenay 19,321 58,193 58,612 58,309 $49,405

Trail 7,378 42,232 41,556 40,992 $50,059

Westbank 16,809 30,173 35,545 36,056 $53,336

Squamish 15,867 30,167 31,727 33,064 $63,965

$750.00

$600.00 Centre Guildford Town Centre Metrotown Centre Oakridge $450.00 Park Royal North Park Royal South (South-Cadillac) $300.00 Richmond Centre(North-Cambridge) Willowbrook Shopping Centre

$150.00

$0.00 2001 2002 2003 2005 $750.00

$600.00

Brentwood Mall $450.00 Deerfoot Marlborough South Centre $300.00 Sunridge TD Square

$150.00

$0.00 2001 2002 2003 2005 $600.00

$450.00

Brentwood Mall Capilano Mall Central City Lansdowne Lougheed Mall $300.00 Scottsdale Mall Semiahmoo Cent re Lynn Valley Cottonwood Mall Haney Place Mall

$150.00

$0.00 2001 2002 2003 2005 PCI Site Large Drug Store Upscale grocery

Canadian Tire Site Canadian Tire Best Buy

Grosvenor Site Save on Foods Home Depot Winners Homesense