March 2017 MONTHLY STATISTICS PACKAGE CREB® Region Report Mar

March 2017 MONTHLY STATISTICS PACKAGE CREB® Region Report Mar. 17 REGIONAL HIGHLIGHTS April 3, 2017  First quarter sales totalled 294 units in Airdrie, which is ten per cent above the same period last year and comparable to the long- term average. Much of the gain was due to a rise in the number of attached sales.

 Persistently lower new listings in Airdrie also helped prevent further inventory gains in the resale market. However, competition from the new home market continues to weigh on resale pricing, particularly in the attached market. The unadjusted benchmark price for detached homes averaged $381,433 in the first quarter of 2017, similar to the previous quarter, but 2.6 per cent below the same time last year.

 There were 114 residential sales in Okotoks through the first quarter of 2017. Improved demand in March led sales to a twelve per cent increase year-over-year in first three months of the year. Stronger sales, combined with steady reductions in inventory, have prevented steeper price adjustments. The unadjusted benchmark price for a detached home totalled $431,333 during the first quarter of 2017, which is 0.20 per cent below levels from the previous quarter and 2.9 per cent below the first quarter of last year.

 First quarter sales in Cochrane were the second highest on record and remain well above long term trends. Increased SHARE OF SALES March 2017 activity in the attached sector has been a key driver for this market. The attached segment now 1% Calgary 2% accounts for a 31 per cent share 5% of total residential sales activity Airdrie 5% compared to only 25 per cent in 2% 2014. The overall quarterly Rocky View Region 6% benchmark price of $422,700 was similar to last quarter, but 1.5 Foothills Region per cent above last year’s levels. Mountain View Region 79% Wheatland Region

Other Active Areas *CREB®’s analysis only considers surrounding areas with enough activity to generate the MLS® Home Price Index

Source: CREB®

CREB® Calgary Regional Housing Market Statistics 3 CREB® Region Summary

Mar. 17

New Sales to New Months of Benchmark Average Median Share of Sales Sales Inventory March 2017 Listings Listings Ratio Supply Price Price Price Activity City of Calgary 1,906 3,245 58.74% 5,114 2.68 439,400 490,534 435,000 79% Airdrie 140 231 60.61% 395 2.82 356,300 375,769 388,000 6% Rocky View Region 128 335 38.21% 794 6.20 541,700 584,747 474,000 5% Foothills Region 119 228 52.19% 537 4.51 384,100 455,077 408,000 5% Mountain View Region 52 115 45.22% 319 6.13 301,500 421,714 364,000 2% Kneehill Region 12 24 50.00% 78 6.50 - 274,363 241,000 0% Wheatland Region 35 65 53.85% 185 5.29 224,500 303,303 300,000 1% Willow Creek Region 10 20 50.00% 93 9.30 - 229,700 196,500 0% Vulcan Region 314 21.43% 64 21.33 - 187,667 224,000 0% Bighorn Region 23 42 54.76% 79 3.43 - 802,380 745,000 1% CREB® Economic Region 2,428 4,319 56.22% 7,659 3.15 435,500 483,410 426,750 100% CREB® SALES BY PRICE RANGE MARCH CREB® INVENTORY BY PRICE RANGE MARCH 700 1,800

600 1,500

500 1,200 400 900 300 600 200

100 300

0 0

Calgary Airdrie Rocky View Region Calgary Airdrie Rocky View Region Foothills Region Mountain View Region Kneehill Region Foothills Region Mountain View Region Kneehill Region Wheatland Region Willow Creek Region Vulcan Region Wheatland Region Willow Creek Region Vulcan Region Bighorn Region Bighorn Region Source: CREB® Source: CREB®

CREB® TOTAL SALES: YEAR-TO-DATE CREB® TOTAL NEW LISTINGS: YEAR-TO-DATE YTD MARCH YTD MARCH 12,000 18,000

16,000 10,000 14,000

8,000 12,000

10,000 6,000 8,000 4,000 6,000

4,000 2,000 2,000

0 0 YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Calgary Airdrie Rocky View Region Calgary Airdrie Rocky View Region Foothills Region Mountain View Region Kneehill Region Foothills Region Mountain View Region Kneehill Region Wheatland Region Willow Creek Region Vulcan Region Wheatland Region Willow Creek Region Vulcan Region

Bighorn Region Source: CREB® Bighorn Region Source: CREB®

CREB® Calgary Regional Housing Market Statistics 4 CREB® Region

Mar. 17

CREB® ECONOMIC REGION TOTAL SALES CREB® ECONOMIC REGION TOTAL SALES BY PRICE YTD MARCH RANGE YTD MARCH 12,000 2,000

1,800 10,000 1,600

8,000 1,400 1,200

6,000 1,000

800 4,000 600

2,000 400 200

0 0 YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Detached Apartment Semi - Detached

Row 10 Year Average YTD 2014 YTD 2015 YTD 2016 YTD 2017 Source: CREB® Source: CREB®

CREB® ECONOMIC REGION INVENTORY AND SALES CREB® ECONOMIC REGION MONTHS OF INVENTORY

10,000 450,000 8

9,000 7 8,000 445,000 6 7,000 5 6,000 440,000

5,000 4

4,000 435,000 3 3,000 2 2,000 430,000

1,000 1

- 425,000 - Jan.Feb.Mar.Apr.May.Jun.Jul.Aug.Sep.Oct.Nov.Dec.Jan.Feb.Mar. 2012 2013 2014 2015 2016 2017 '16 '16 '16 '16 '16 '16 '16 '16 '16 '16 '16 '16 '17 '17 '17 Source: CREB® Inventory Sales Benchmark Price 12 month moving average Source: CREB® Months of Supply Trended

CREB® ECONOMIC REGION PRICE CHANGE CREB® ECONOMIC REGION PRICES 15% 550,000 500,000 10% 450,000 400,000 5% 350,000 300,000 0% 250,000

-5% 200,000 150,000

-10% 100,000 2012 2013 2014 2015 2016 2017 2012 2013 2014 2015 2016 2017 Detached Price Apartment Price Semi Y/Y%change Row Y/Y% change Source: CREB® Source: CREB® Apartment Y/Y% change Detached Y/Y% Change Row Price Semi Price

CREB® Calgary Regional Housing Market Statistics 5 CREB® Region

Mar. 17 DETACHED BENCHMARK PRICE MARCH 1,000,000 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 0 Calgary Airdrie Rural Chester Cochrane Rural High Okotoks Turner Rural Carstairs Didsbury Rural Strathmore Rocky View -mere Foothills River Valley Mtn. View Wheatland

Source: CREB®

YEAR OVER YEAR PRICE GROWTH COMPARISONS MARCH 10% 8% 6% 4% 2% 0% -2% -4% -6% -8% -10% Calgary Airdrie Rural Chester Cochrane Rural High Okotoks Turner Rural Carstairs Didsbury Rural Strathmore Rocky View -mere Foothills River Valley Mtn. View Wheatland

Source: CREB®

TYPICAL HOME ATTRIBUTES - DETACHED HOMES

Gross Living Area Above Ground Full Half (Above Ground) Lot Size Bedrooms Year Built Bathrooms Bathrooms City of Calgary 1,341 4,908 3 1991 2 1 Airdrie 1,390 4,653 3 2002 2 1 Rural Rocky View 1,837 3,735 3 1997 2 1 Cochrane 1,494 5,520 3 1998 2 1 Chestermere 1,871 5,511 3 2003 2 1 Rural Foothills 1,723 Unavailable 3 1995 2 0 High River 1,312 5,646 3 1996 2 0 Okotoks 1,491 4,973 3 2002 2 1 Turner Valley 1,221 6,241 3 1993 2 0 Rural Mountain View 1,315 5,999 3 1989 2 0 Carstairs 1,298 6,583 3 2001 2 0 Didsbury 1,238 6,444 3 1981 2 0 Rural Wheatland 1,298 6,024 3 1979 2 0 Strathmore 1,265 5,562 3 2000 2 0

CREB® Calgary Regional Housing Market Statistics 6 Calgary CMA

Mar. 17

CALGARY CMA SALES BY PRICE RANGE MARCH CALGARY CMA INVENTORY BY PRICE RANGE MARCH

600 1,400

1,200 500

1,000 400

800 300 600

200 400

100 200

0 0

Calgary Airdrie Rocky View Region Calgary Airdrie Rocky View Region

Source: CREB® Source: CREB®

CALGARY CMA SALES: YEAR-TO-DATE CALGARY CMA NEW LISTINGS: YEAR-TO-DATE YTD MARCH YTD MARCH 10,000 16,000

9,000 14,000 8,000 12,000 7,000 10,000 6,000

5,000 8,000

4,000 6,000 3,000 4,000 2,000 2,000 1,000

Calgary Airdrie Rocky View Region Calgary Airdrie Rocky View Region Source: CREB® Source: CREB®

CREB® Calgary Regional Housing Market Statistics 7 Calgary CMA

Mar. 17

CALGARY CMA TOTAL SALES CALGARY CMA TOTAL SALES BY PRICE RANGE YTD MARCH YTD MARCH 10,000 2,000 9,000 1,800 8,000 1,600 7,000 1,400 6,000 1,200 5,000 1,000 4,000 800 3,000 600 2,000 400 1,000 200 0 0 YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Detached Apartment Semi - Detached YTD 2014 YTD 2015 YTD 2016 YTD 2017 Row 10 Year Average Source: CREB® Source: CREB®

CALGARY CMA INVENTORY AND SALES CALGARY CMA MONTHS OF INVENTORY

9,000 455,000 8

8,000 7 450,000 7,000 6 6,000 445,000 5 5,000 440,000 4 4,000 3 3,000 435,000

2,000 2 430,000 1,000 1

- 425,000 - Jan.Feb.Mar.Apr.May.Jun.Jul.Aug.Sep.Oct.Nov.Dec.Jan.Feb.Mar. 2012 2013 2014 2015 2016 2017 '16 '16 '16 '16 '16 '16 '16 '16 '16 '16 '16 '16 '17 '17 '17 Source: CREB® Inventory Sales Benchmark Price Source: CREB® Months of Supply Trended 12 month moving average

CALGARY CMA PRICE CHANGE CALGARY CMA PRICES 15% 550,000 500,000 10% 450,000 400,000 5% 350,000 300,000 0% 250,000

-5% 200,000 150,000

CREB® Calgary Regional Housing Market Statistics 8 Airdrie

Mar. 17

AIRDRIE TOTAL SALES AIRDRIE TOTAL SALES BY PRICE RANGE YTD MARCH YTD MARCH 500 140 450 120 400 350 100 300 80 250 200 60

150 40 100 20 50

0 0 YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Detached Apartment Semi - Detached YTD 2014 YTD 2015 YTD 2016 YTD 2017 Row 10 Year Average Source: CREB® Source: CREB®

AIRDRIE INVENTORY AND SALES AIRDRIE MONTHS OF INVENTORY

600 370,000 7

6 500 365,000

5 400 360,000 4 300 355,000 3 200 350,000 2

100 345,000 1

- 340,000 - Jan.Feb.Mar.Apr.May.Jun.Jul.Aug.Sep.Oct.Nov.Dec.Jan.Feb.Mar. 2012 2013 2014 2015 2016 2017 '16 '16 '16 '16 '16 '16 '16 '16 '16 '16 '16 '16 '17 '17 '17 Source: CREB® Inventory Sales Benchmark Price Source: CREB® Months of Supply Trended 12 month moving average

AIRDRIE PRICE CHANGE AIRDRIE PRICES 25% 450,000 20% 400,000 15% 350,000 10% 5% 300,000

0% 250,000 -5% 200,000 -10% -15% 150,000

-20% 100,000 2012 2013 2014 2015 2016 2017 2012 2013 2014 2015 2016 2017 Detached Price Apartment Price Semi Y/Y%change Row Y/Y% change Source: CREB® Source: CREB® Apartment Y/Y% change Detached Y/Y% Change Row Price Semi Price

CREB® Calgary Regional Housing Market Statistics 9 Rocky View Region

Mar. 17

Share of New Sales to New Months of Benchmark Average Median Sales Inventory Sales Listings Listings Ratio Supply Price Price Price March 2017 Activity Total Rocky View Region 128 335 38.21% 794 6.20 541,700 584,747 474,000 100% Rural Rocky View 26 77 33.77% 230 8.85 922,100 1,118,135 944,000 20% Beiseker 1 3 33.33% 11 11.00 - 235,000 235,000 1% Bragg Creek 0 4 0.00% 9 - - - - 0% Chestermere 27 78 34.62% 152 5.63 486,900 533,326 500,000 21% Cochrane 54 125 43.20% 295 5.46 423,400 423,533 383,766 42% Crossfield 9 13 69.23% 32 3.56 - 325,677 339,500 7% Irricana 1 5 20.00% 11 11.00 - 212,000 212,000 1% Langdon 5 20 25.00% 40 8.00 - 524,600 518,000 4% Redwood Meadows 5 5 100.00% 7 1.40 - 500,900 524,500 4% Other 0 5 0.00% 7 - - - - 0%

SALES BY PRICE RANGE INVENTORY BY PRICE RANGE MARCH MARCH 35 200 180 30 160 25 140

20 120 100 15 80

10 60 40 5 20 0 0

Rural Rocky View Cochrane Chestermere Rural Rocky View Cochrane Chestermere Beiseker Bragg Creek Crossfield Beiseker Bragg Creek Crossfield Irricana Langdon Redwood Meadows Irricana Langdon Redwood Meadows Source: CREB® Source: CREB®

ROCKY VIEW SALES: YEAR-TO-DATE ROCKY VIEW NEW LISTINGS: YEAR-TO-DATE YTD MARCH YTD MARCH 500 1,000 450 900 400 800 350 700 300 600 250 500 200 400 150 300 100 200 50 100 0 0 YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Rural Rocky View Cochrane Chestermere Rural Rocky View Cochrane Chestermere Beiseker Bragg Creek Crossfield Beiseker Bragg Creek Crossfield Irricana Langdon Redwood Meadows Irricana Langdon Redwood Meadows Source: CREB® Source: CREB®

CREB® Calgary Regional Housing Market Statistics 10 Cochrane

Mar. 17

COCHRANE TOTAL SALES COCHRANE TOTAL SALES BY PRICE RANGE YTD MARCH YTD MARCH 200 60 180 50 160 140 40 120

100 30 80 20 60 40 10 20

COCHRANE INVENTORY AND SALES COCHRANE MONTHS OF INVENTORY

400 440,000 12

435,000 350 10 430,000 300 425,000 8 250 420,000

200 415,000 6

410,000 150 4 405,000 100 400,000 2 50 395,000

- 390,000 - Jan.Feb.Mar.Apr.May.Jun.Jul.Aug.Sep.Oct.Nov.Dec.Jan.Feb.Mar. 2012 2013 2014 2015 2016 2017 '16 '16 '16 '16 '16 '16 '16 '16 '16 '16 '16 '16 '17 '17 '17 Source: CREB® Inventory Sales Benchmark Price 12 month moving average Source: CREB® Months of Supply Trended

COCHRANE PRICE CHANGE COCHRANE PRICES 20% 500,000

15% 450,000

10% 400,000

5% 350,000

0% 300,000

-5% 250,000

-10% 200,000

-15% 150,000

CREB® Calgary Regional Housing Market Statistics 11 Chestermere

Mar. 17

CHESTERMERE TOTAL SALES CHESTERMERE TOTAL SALES BY PRICE RANGE YTD MARCH YTD MARCH 120 35

100 30

25 80 20 60 15 40 10

20 5

CHESTERMERE INVENTORY AND SALES CHESTERMERE MONTHS OF INVENTORY

250 500,000 16

14 490,000 200 12 480,000 10 150 470,000 8 460,000 100 6 450,000 4 50 440,000 2

- 430,000 - Jan.Feb.Mar.Apr.May.Jun.Jul.Aug.Sep.Oct.Nov.Dec.Jan.Feb.Mar. 2012 2013 2014 2015 2016 2017 '16 '16 '16 '16 '16 '16 '16 '16 '16 '16 '16 '16 '17 '17 '17 Source: CREB® Inventory Sales Benchmark Price 12 month moving average Source: CREB® Months of Supply Trended

CHESTERMERE PRICE CHANGE CHESTERMERE PRICES 20% 550,000 15% 500,000 10% 450,000 5% 400,000 0% 350,000 -5% 300,000 -10% 250,000 -15% 200,000 -20% 150,000

-25% 100,000 2012 2013 2014 2015 2016 2017 2012 2013 2014 2015 2016 2017 Detached Price Apartment Price Semi Y/Y%change Row Y/Y% change Source: CREB® Source: CREB® Apartment Y/Y% change Detached Y/Y% Change Row Price Semi Price

CREB® Calgary Regional Housing Market Statistics 12 Rural Rocky View

Mar. 17

RURAL ROCKY VIEW TOTAL SALES RURAL ROCKY VIEW TOTAL SALES BY PRICE RANGE YTD MARCH YTD MARCH 120 50 45 100 40 35 80 30 60 25 20 40 15

20 10 5 0 0 YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Detached Apartment Semi - Detached YTD 2014 YTD 2015 YTD 2016 YTD 2017 Row 10 Year Average Source: CREB® Source: CREB®

RURAL ROCKY VIEW INVENTORY AND SALES RURAL ROCKY VIEW MONTHS OF INVENTORY

350 1,000,000 60

980,000 300 50 960,000 250 40 940,000 200 920,000 30 150 900,000 20 100 880,000 10 50 860,000

- 840,000 - Jan.Feb.Mar.Apr.May.Jun.Jul.Aug.Sep.Oct.Nov.Dec.Jan.Feb.Mar. 2012 2013 2014 2015 2016 2017 '16 '16 '16 '16 '16 '16 '16 '16 '16 '16 '16 '16 '17 '17 '17 Source: CREB® Inventory Sales Benchmark Price Source: CREB® Months of Supply Trended 12 month moving average

RURAL ROCKY VIEW PRICE CHANGE RURAL ROCKY VIEW PRICES 50% 1,300,000 40% 1,100,000 30%

20% 900,000 10% 700,000 0%

-10% 500,000 -20% 300,000 -30%

-40% 100,000 2012 2013 2014 2015 2016 2017 2012 2013 2014 2015 2016 2017 Detached Price Apartment Price Semi Y/Y%change Row Y/Y% change Source: CREB® Source: CREB® Apartment Y/Y% change Detached Y/Y% Change Row Price Semi Price

CREB® Calgary Regional Housing Market Statistics 13 Foothills Region

Mar. 17

Share of New Sales to New Months of Benchmark Average Median Sales Inventory Sales Listings Listings Ratio Supply Price Price Price March 2017 Activity Total Foothills Region 119 228 52.19% 674 5.66 384,100 455,077 408,000 100% Rural Foothills 10 40 25.00% 140 14.00 634,100 884,000 910,000 8% Black Diamond 5 9 55.56% 22 4.40 - 279,300 265,000 4% Blackie 0 3 0.00% 4 - - - - 0% Cayley 2 3 66.67% 3 1.50 - 180,000 180,000 2% De Winton 0 2 0.00% 4 - - - - 0% Heritate Pointe 4 7 57.14% 32 8.00 - 1,056,250 1,035,000 3% High River 32 51 62.75% 109 3.41 321,800 312,900 324,750 27% Okotoks 59 98 60.20% 175 2.97 425,600 441,151 430,000 50% Turner Valley 5 11 45.45% 26 5.20 281,900 299,400 342,000 4% Priddis Greens 1 0 - 10 10.00 - 975,000 975,000 1% Longview 0 0 - 2 - - - - 0% Other 1 4 25.00% 12 12.00 - 820,000 820,000 1%

SALES BY PRICE RANGE MARCH INVENTORY BY PRICE RANGE MARCH 30 120

25 100

20 80

15 60

10 40

5 20

0 0

Okotoks High River Rural Foothills Okotoks High River Rural Foothills Heritage Pointe Black Diamond Blackie Heritage Pointe Black Diamond Blackie Cayley Longview Turner Valley Cayley Longview Turner Valley De Winton Priddis Greens Other Source: CREB® De Winton Priddis Greens Other Source: CREB®

FOOTHILLS SALES: YEAR-TO-DATE FOOTHILLS NEW LISTINGS: YEAR-TO-DATE YTD MARCH YTD MARCH 450 1,000 400 900 350 800 700 300 600 250 500 200 400 150 300 100 200 50 100 0 0 YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Okotoks High River Rural Foothills Okotoks High River Rural Foothills Heritage Pointe Black Diamond Blackie Heritage Pointe Black Diamond Blackie Cayley Longview Turner Valley Cayley Longview Turner Valley De Winton Priddis Greens Source: CREB® De Winton Priddis Greens Source: CREB®

CREB® Calgary Regional Housing Market Statistics 14 Okotoks

Mar. 17

OKOTOKS TOTAL SALES OKOTOKS TOTAL SALES BY PRICE RANGE YTD MARCH YTD MARCH 200 50 180 45 160 40 140 35 120 30 100 25 80 20 60 15 40 10 20 5 0 0 YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Detached Apartment Semi - Detached YTD 2014 YTD 2015 YTD 2016 YTD 2017 Row 10 Year Average Source: CREB® Source: CREB®

OKOTOKS INVENTORY AND SALES OKOTOKS MONTHS OF INVENTORY

300 445,000 9 8 250 440,000 7 435,000 200 6

430,000 5 150 425,000 4

100 3 420,000 2 50 415,000 1

- 410,000 - Jan.Feb.Mar.Apr.May.Jun.Jul.Aug.Sep.Oct.Nov.Dec.Jan.Feb.Mar. 2012 2013 2014 2015 2016 2017 '16 '16 '16 '16 '16 '16 '16 '16 '16 '16 '16 '16 '17 '17 '17 Source: CREB® Inventory Sales Benchmark Price 12 month moving average Source: CREB® Months of Supply Trended

OKOTOKS PRICE CHANGE OKOTOKS PRICES 25% 500,000

20% 450,000 15% 400,000 10% 350,000 5% 300,000 0% 250,000 -5% -10% 200,000 -15% 150,000

CREB® Calgary Regional Housing Market Statistics 15 Rural Foothills

Mar. 17

RURAL FOOTHILLS TOTAL SALES RURAL FOOTHILLS TOTAL SALES BY PRICE RANGE YTD MARCH YTD MARCH 70 25

60 20 50

40 15

30 10

20 5 10

RURAL FOOTHILLS INVENTORY AND SALES RURAL FOOTHILLS MONTHS OF INVENTORY

200 700,000 60

180 690,000 50 160 680,000 670,000 140 40 660,000 120 650,000 100 30 640,000 80 630,000 20 60 620,000 40 610,000 10 20 600,000

- 590,000 - Jan.Feb.Mar.Apr.May.Jun.Jul.Aug.Sep.Oct.Nov.Dec.Jan.Feb.Mar. 2012 2013 2014 2015 2016 2017 '16 '16 '16 '16 '16 '16 '16 '16 '16 '16 '16 '16 '17 '17 '17 Source: CREB® Inventory Sales Benchmark Price Source: CREB® Months of Supply Trended 12 month moving average

RURAL FOOTHILLS PRICE CHANGE RURAL FOOTHILLS PRICES 12% 800,000 10% 700,000 8% 6% 600,000 4% 2% 500,000 0% 400,000 -2% -4% 300,000 -6% 200,000 -8% -10% 100,000 2012 2013 2014 2015 2016 2017 2012 2013 2014 2015 2016 2017 Detached Price Apartment Price Semi Y/Y%change Row Y/Y% change Source: CREB® Source: CREB® Apartment Y/Y% change Detached Y/Y% Change Row Price Semi Price

CREB® Calgary Regional Housing Market Statistics 16 Wheatland Region

Mar. 17

Share of New Sales to New Months of Benchmark Average Median Sales Inventory Sales Listings Listings Ratio Supply Price Price Price March 2017 Activity Total Wheatland Region* 35 65 53.85% 185 5.29 224,500 303,303 300,000 91% Rural Wheatland* 2 9 22.22% 32 16.00 224,500 270,500 270,500 6% Carseland* 2 0 - 5 2.50 - 297,500 297,500 6% Lyalta* 0 2 0.00% 15 - - - - 0% Rockyford* 1 1 100.00% 4 4.00 - 177,500 177,500 3% Strathmore 27 47 57.45% 111 4.11 394,800 301,748 302,000 77% Gleichen 0 0 ------0% Other* 3 6 50.00% 18 6.00 - 384,967 449,900 9% *Data within these areas many not accurately reflect total resale activity and trends

SALES BY PRICE RANGE INVENTORY BY PRICE RANGE MARCH MARCH 12 60

10 50

8 40

6 30

4 20

2 10

0 0

Strathmore Rural Wheatland Carseland Strathmore Rural Wheatland Carseland

Lyalta Rockyford Other Lyalta Rockyford Other Source: CREB® Source: CREB®

WHEATLAND SALES: YEAR-TO-DATE WHEATLAND NEW LISTINGS: YEAR-TO-DATE YTD MARCH YTD MARCH 140 350

120 300

100 250

80 200

60 150

40 100

20 50

Lyalta Rockyford Lyalta Rockyford Source: CREB® Source: CREB®

CREB® Calgary Regional Housing Market Statistics 17 Strathmore

Mar. 17

STRATHMORE TOTAL SALES STRATHMORE TOTAL SALES BY PRICE RANGE YTD MARCH YTD MARCH 14 40

12 35

30 10 25 8 20 6 15 4 10 2 5

STRATHMORE INVENTORY AND SALES STRATHMORE MONTHS OF INVENTORY

160 400,000 25

140 390,000 20 120 380,000

100 15 370,000 80 360,000 60 10 350,000 40 5 20 340,000

- 330,000 - Jan.Feb.Mar.Apr.May.Jun.Jul.Aug.Sep.Oct.Nov.Dec.Jan.Feb.Mar. 2012 2013 2014 2015 2016 2017 '16 '16 '16 '16 '16 '16 '16 '16 '16 '16 '16 '16 '17 '17 '17 Source: CREB® Inventory Sales Benchmark Price Source: CREB® Months of Supply Trended 12 month moving average

STRATHMORE PRICE CHANGE STRATHMORE PRICES 14% 450,000 12% 400,000 10% 8% 350,000 6% 4% 300,000 2% 250,000 0% -2% 200,000 -4% 150,000 -6% -8% 100,000 2012 2013 2014 2015 2016 2017 2012 2013 2014 2015 2016 2017 Detached Price Apartment Price Semi Y/Y%change Row Y/Y% change Source: CREB® Source: CREB® Apartment Y/Y% change Detached Y/Y% Change Row Price Semi Price

CREB® Calgary Regional Housing Market Statistics 18 Mountain View Region

Mar. 17

Share of New Sales to New Months of Benchmark Average Median Sales Inventory Sales Listings Listings Ratio Supply Price Price Price March 2017 Activity Total Mountain View Region* 52 115 45.22% 319 6.13 301,500 421,714 364,000 100% Rural Mountain View* 16 28 57.14% 87 5.44 424,400 654,244 620,000 31% Carstairs 10 24 41.67% 56 5.60 332,300 353,550 364,500 19% Cremona 3 0 - 5 1.67 - 246,633 271,000 6% Didsbury 5 25 20.00% 46 9.20 256,700 315,900 309,000 10% Olds* 14 24 58.33% 84 6.00 302,600 343,595 310,000 27% Sundre* 4 13 30.77% 38 9.50 283,500 199,000 170,000 8% Other* 0 1 0.00% 3 - - - - 0% *Data within these areas many not accurately reflect total resale activity and trends

SALES BY PRICE RANGE INVENTORY BY PRICE RANGE MARCH MARCH 14 100 90 12 80 10 70 60 8 50 6 40

4 30 20 2 10 0 0

Rural Mountain View Didsbury Olds Rural Mountain View Didsbury Olds

Sundre Carstairs Cremona Sundre Carstairs Cremona

Other Source: CREB® Other Source: CREB®

MOUNTAIN VIEW SALES: YEAR-TO-DATE MOUNTAIN VIEW NEW LISTINGS: YEAR-TO-DATE YTD MARCH YTD MARCH 120 350

300 100

250 80 200 60 150 40 100

20 50

Rural Mountain View Didsbury Olds Rural Mountain View Didsbury Olds

Sundre Carstairs Cremona Source: CREB® Sundre Carstairs Cremona Source: CREB®

CREB® Calgary Regional Housing Market Statistics 19 Kneehill Region

Mar. 17

Share of New Sales to New Months of Benchmark Average Median Sales Inventory Sales Listings Listings Ratio Supply Price Price Price March 2017 Activity Total Kneehill Region* 12 24 50.00% 78 6.50 - 274,363 241,000 83% Rural Kneehill* 5 3 166.67% 6 1.20 - 422,750 335,000 42% Acme* 1 1 100.00% 11 11.00 - 333,000 333,000 8% Linden* 0 2 0.00% 5 - - - - 0% Three Hills* 4 9 44.44% 21 5.25 - 181,750 185,000 33% Torrington* 0 0 ------0% Trochu* 0 4 0.00% 23 - - - - 0% Other* 2 5 40.00% 12 6.00 - 59,300 59,300 17% *Data within these areas many not accurately reflect total resale activity and trends

SALES BY PRICE RANGE INVENTORY BY PRICE RANGE MARCH MARCH 7 40

6 35 30 5 25 4 20 3 15 2 10

1 5

0 0

Rural Kneehill Three Hills Acme Rural Kneehill Three Hills Acme

Linden Trochu Other Linden Trochu Other Source: CREB® Source: CREB®

KNEEHILL SALES: YEAR-TO-DATE KNEEHILL NEW LISTINGS: YEAR-TO-DATE YTD MARCH YTD MARCH 25 60

50 20

40 15 30

10 20

5 10

Linden Trochu Source: CREB® Linden Trochu Source: CREB®

CREB® Calgary Regional Housing Market Statistics 20 Willow Creek Region

Mar. 17

Share of New Sales to New Months of Benchmark Average Median Sales Inventory Sales Listings Listings Ratio Supply Price Price Price March 2017 Activity Total Willow Creek Region* 10 20 50.00% 93 9.30 - 229,700 196,500 100% Rural Willow Creek* 0 0 - 7 - - - - 0% Claresholm* 6 7 85.71% 39 6.50 - 231,000 213,000 60% Nanton* 1 10 10.00% 31 31.00 - 395,000 395,000 10% Stavely* 2 3 66.67% 13 6.50 - 196,500 196,500 20% Other* 1 0 - 3 3.00 - 123,000 123,000 10% *Data within these areas many not accurately reflect total resale activity and trends

SALES BY PRICE RANGE INVENTORY BY PRICE RANGE MARCH MARCH 6 40

35 5 30 4 25

3 20

15 2 10 1 5

0 0

Rural Willow Creek Claresholm Nanton Stavely Other Rural Willow Creek Claresholm Nanton Stavely Other

Source: CREB® Source: CREB®

WILLOW CREEK SALES: YEAR-TO-DATE WILLOW CREEK NEW LISTINGS: YEAR-TO-DATE YTD MARCH YTD MARCH 40 100

90 35 80 30 70

25 60

20 50 40 15 30 10 20

5 10

Rural Willow Creek Claresholm Nanton Stavely Rural Willow Creek Claresholm Nanton Stavely Source: CREB® Source: CREB®

CREB® Calgary Regional Housing Market Statistics 21 Vulcan Region

Mar. 17

Share of New Sales to New Months of Benchmark Average Median Sales Inventory Sales Listings Listings Ratio Supply Price Price Price March 2017 Activity Total Vulcan Region* 3 14 21.43% 64 21.33 - 187,667 224,000 100% Rural Vulcan* 0 6 0.00% 29 - - - - 0% Vulcan* 2 3 66.67% 21 10.50 - 228,000 228,000 67% Carmangay* 0 0 - 5 - - - - 0% Champion* 0 2 0.00% 2 - - - - 0% Other* 1 3 33.33% 7 7.00 - 107,000 107,000 33% *Data within these areas many not accurately reflect total resale activity and trends

SALES BY PRICE RANGE INVENTORY BY PRICE RANGE MARCH MARCH 3 25

2 15

10 1

0 0

Rural Vulcan Vulcan Carmangay Rural Vulcan Vulcan Carmangay

Champion Other Champion Other Source: CREB® Source: CREB®

VULCAN SALES: YEAR-TO-DATE VULCAN NEW LISTINGS: YEAR-TO-DATE YTD MARCH YTD MARCH 20 50

18 45

16 40

14 35

12 30

10 25

8 20

6 15

4 10

2 5

Rural Vulcan Vulcan Carmangay Champion Rural Vulcan Vulcan Carmangay Champion Source: CREB® Source: CREB®

CREB® Calgary Regional Housing Market Statistics 22 Bighorn Region

Mar. 17

Share of New Sales to New Months of Benchmark Average Median Sales Inventory Sales Listings Listings Ratio Supply Price Price Price March 2017 Activity Total Bighorn Region* 23 42 54.76% 79 3.43 - 802,380 745,000 100% Rural Bighorn* 0 2 0.00% 6 - - - - 0% Canmore* 21 38 55.26% 69 3.29 - 823,702 750,000 91% Other* 2 2 100.00% 5 2.50 - 578,500 578,500 9% *Data within these areas many not accurately reflect total resale activity and trends

SALES BY PRICE RANGE INVENTORY BY PRICE RANGE MARCH MARCH 9 30

8 25 7

6 20

5 15 4

3 10

2 5 1

0 0

Canmore Other Rural Bighorn Canmore Other Rural Bighorn

Source: CREB® Source: CREB®

BIGHORN SALES: YEAR-TO-DATE BIGHORN NEW LISTINGS: YEAR-TO-DATE YTD MARCH YTD MARCH 100 300

90 250 80

70 200 60

50 150

40 100 30

20 50 10

Canmore Rural Bighorn Canmore Rural Bighorn Source: CREB® Source: CREB®

CREB® Calgary Regional Housing Market Statistics 23 CREB® Definitions

Mar. 17

BIGHORN* MOUNTAIN VIEW* VULCAN* Rural Bighorn M.D. Rural Mountain View County Rural Vulcan County* Benchlands** Bearberry** Arrowwood** Canmore* Bergen** Brand** Exshaw** Carstairs Carmangay* Ghost Lake** Cremona Champion* Harvie Heights** Didsbury Ensign** Lac des Arcs** Eagle Hill** Herronton** Seebe** Elkton** Kirkcaldy** Waiparous** Olds* Lomond** Sundre* Milo** Water Valley** Mossleigh** Westward Ho** Queenstown** FOOTHILLS Shouldice** Rural Foothills M.D. Travers** Aldersyde** Black Diamond Blackie ROCKY VIEW WHEATLAND* Cayley Rural Rocky View County Rural Wheatland County* De Winton Balzac** Ardenode** Heritage Pointe Beiseker Carseland* High River Bottrel** Chancellow** Longview** Bragg Creek Cheadle** Millarville** Chestermere Cluny** Okotoks Cochrane Dalum** Priddis** Cochrane Lake** Gleichen** Priddis Greens Conrich** Hussar** Turner Valley Crossfield Lyalta* Dalemead** Namaka** Dalroy** Rockyford* Delacour** Rosebud** KNEEHILL* Indus** Standard** Rural Kneehill County Irricana Acme Janet** Carbon** Kathyrn** WILLOW CREEK* Huxley** Keoma** Rural Willow Creek County* Linden Langdon Claresholm* Swalwell** Madden** Fort Macleod** Three Hills Redwood Meadows Granum** Torrington** Nanton* Trochu Parkland** Wimborne** CREB® REPORTING REGIONS * Data within these areas may not accurately reflect total resale activity and trends. CREB® resale data only includes activity occurring within our membership. For the identified areas, the data could be missing a signification portion of transactions as not all active Realtors® in the area are a member of the CREB® board. ** Resale activity in these areas does not meet the minimum reporting standard.

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 2005 price level. Absorption Rate – refers to the ratio between the amounts of sales occurring in the market relative to the amount of active listings / Inventory. Months of Supply – refers to the ratio between inventory and sales and represents at the current pace of sales how long it would take to sell existing inventory and the current rate of sales. Detached - A unit that is not attached to any other unit. Semi-detached - A single dwelling built as one of a pair that shares 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 semi-detached properties. Apartment - High-rise and low-rise condominium properties 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 multiple-unit sales, rental, land or leased properties. Rural – Data represents activity occurring within the broader region but not in any specific town/hamlet/village within the region. ABOUT CREB® CREB® is a professional body of more than 5,100 licensed brokers and registered associates, representing 245 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® Calgary Regional Housing Market Statistics 24