June 2020 MONTHLY STATISTICS PACKAGE CREB® Region Report Jun

JuneJune 2020 MONTHLY STATISTICS PACKAGE CREB® Region Report Jun. 20 REGIONAL HIGHLIGHTS July 2, 2020

Airdrie • Following declines over the past three months, June sales rose above last year’s levels. While the monthly gain was significant, it was not enough to offset previous pullback, as year-to-date sales remained nearly eight per cent below last year’s levels. • Airdrie also saw new listings rise, but inventory levels remain well below last year’s levels. The months of supply dropped below three months and is lower than pre-COVID-19 levels. If the supply/demand balance stays in this range, we could start to see some of the downward price pressure ease. • Airdrie’s benchmark price was $327,400 in June. This is down compared to the previous month and over two per cent lower than last year’s levels. Year-to- date prices remain just below last year’s levels. Cochrane • Sales in Cochrane this month improved over last year’s levels. At the same time new listings also rose cause some upward trend growth in inventory levels. However, the improvement in sales outpaced the gains in inventory causing the months of supply to trend down. • Supply/demand balances are improving, but it takes time before this is reflected

in prices. In June, the benchmark price was $394,900. This is slightly lower than last month and nearly four per cent lower than last year. It will likely take several more months of more balanced conditions before seeing any impact on home prices. Okotoks SHARE OF SALES June 2020 • June sales remained relatively stable 2% compared to last years levels. However, 2% with steep declines in April and May, Calgary 2% year-to-date sales remain well below both last year’s levels and longer-term Airdrie 5% trends.

8% • Recent gains in new listings caused Rocky View Region some monthly gains in inventory levels. The monthly gain in inventory was not

Foothills Region 7% enough to offset the monthly increase in sales, causing the months of supply to Mountain View trend down to three months in June. Region • Benchmark prices were falling prior to Wheatland Region 74% the COVID-19 pandemic, but the pace of decline increased during the past several Other Active Areas months. In June, benchmark prices remained relatively stable compared to last month, but they remain over four Source: CREB® per cent lower than last year’s levels.

CREB® Calgary Regional Housing Market Statistics 2 CREB® Region Summary

Jun. 20

New Sales to New Months of Benchmark Average Median Share of Sales Sales Inventory June 2020 Listings Listings Ratio Supply Price Price Price Activity City of Calgary 1,747 3,335 52.38% 6,238 3.57 411,300 460,442 410,000 74% Airdrie 163 239 68.20% 413 2.53 327,400 377,883 360,000 7% Rocky View Region 180 341 52.79% 862 4.79 366,200 579,979 453,000 8% Foothills Region 129 225 57.33% 545 4.22 379,300 455,926 376,500 5% Mountain View Region 51 109 46.79% 344 6.75 294,100 331,427 314,900 2% Kneehill Region 5 18 27.78% 91 18.20 176,000 297,100 305,000 0% Wheatland Region 35 49 71.43% 210 6.00 322,700 329,594 320,000 1% Willow Creek Region 17 29 58.62% 94 5.53 227,300 252,588 245,000 1% Vulcan Region 6 15 40.00% 74 12.33 193,700 279,992 276,500 0% Bighorn Region 18 74 24.32% 172 9.56 788,800 963,444 732,000 1% CREB® Economic Region 2,351 4,434 53.02% 9,043 3.85 405,200 460,416 406,000 100% CREB® SALES BY PRICE RANGE JUNE CREB® INVENTORY BY PRICE RANGE JUNE 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 JUNE YTD JUNE 20,000 35,000 18,000 30,000 16,000 14,000 25,000 12,000 20,000 10,000 8,000 15,000

6,000 10,000 4,000 5,000 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 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 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 3 CREB® Region

Jun. 20

CREB® ECONOMIC REGION TOTAL SALES CREB® ECONOMIC REGION TOTAL SALES BY PRICE

YTD JUNE RANGE YTD JUNE 20,000 3,500 18,000 3,000 16,000 14,000 2,500 12,000 2,000 10,000 8,000 1,500 6,000 1,000 4,000 2,000 500

0 0 YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Detached Apartment Semi - Detached

Row 10 Year Average YTD 2017 YTD 2018 YTD 2019 YTD 2020 Source: CREB® Source: CREB®

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

12,000 420,000 12 418,000 10 10,000 416,000 414,000 8,000 8 412,000 410,000 6,000 6 408,000 406,000 4,000 4 404,000 402,000 2,000 2 400,000

- 398,000 - Apr.May.Jun.Jul.Aug.Sep.Oct.Nov.Dec.Jan.Feb.Mar.Apr.May.Jun. 2015 2016 2017 2018 2019 2020 '19 '19 '19 '19 '19 '19 '19 '19 '19 '20 '20 '20 '20 '20 '20 Source: CREB® 12 month moving average Inventory Sales Benchmark Price Source: CREB® Months of Supply Trended

CREB® ECONOMIC REGION PRICE CHANGE CREB® ECONOMIC REGION PRICES 10% 550,000 8% 500,000 6% 450,000 4% 400,000 2% 350,000 0% 300,000 -2% 250,000 -4% 200,000 -6% 150,000 -8% 100,000 2015 2016 2017 2018 2019 2020 2015 2016 2017 2018 2019 2020 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 4 CREB® Region

Jun. 20 DETACHED BENCHMARK PRICE JUNE 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 JUNE 16% 14% 12% 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 1407 4897 3 1992 2 1 Airdrie 1435 4596 3 2003 2 1 Rural Rocky View 1863 3957 3 1997 2 1 Cochrane 1548 5476 3 1999 2 1 Chestermere 1909 5519 3 2003 2 1 Rural Foothills 1752 Unavailable 3 1995 2 0 High River 1341 5646 3 1997 2 0 Okotoks 1541 4972 3 2002 2 1 Turner Valley 1232 6200 3 1994 2 0 Rural Mountain View 1345 6027 3 1989 2 0 Carstairs 1335 6504 3 2001 2 0 Didsbury 1251 6473 3 1982 2 0 Rural Wheatland 1264 6135 3 1979 2 0 Strathmore 1302 5562 3 2000 2 0

CREB® Calgary Regional Housing Market Statistics 5 Calgary CMA

Jun. 20

CALGARY CMA SALES BY PRICE RANGE JUNE CALGARY CMA INVENTORY BY PRICE RANGE JUNE

600 1,600

1,400 500 1,200 400 1,000

300 800

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 JUNE YTD JUNE 18,000 30,000

16,000 25,000 14,000

12,000 20,000

10,000 15,000 8,000

6,000 10,000

4,000 5,000 2,000

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

CREB® Calgary Regional Housing Market Statistics 6 Calgary CMA

Jun. 20

CALGARY CMA TOTAL SALES CALGARY CMA TOTAL SALES BY PRICE RANGE YTD JUNE YTD JUNE 18,000 3,000

16,000 2,500 14,000

12,000 2,000

10,000 1,500 8,000

6,000 1,000

4,000 500 2,000

0 0 YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Detached Apartment Semi - Detached YTD 2017 YTD 2018 YTD 2019 YTD 2020 Row 10 Year Average Source: CREB® Source: CREB®

CALGARY CMA INVENTORY AND SALES CALGARY CMA MONTHS OF INVENTORY

10,000 450,000 12

9,000 400,000 10 8,000 350,000 7,000 300,000 8 6,000 250,000 5,000 6 200,000 4,000 150,000 4 3,000

2,000 100,000 2 1,000 50,000

- - - Apr.May.Jun.Jul.Aug.Sep.Oct.Nov.Dec.Jan.Feb.Mar.Apr.May.Jun. 2015 2016 2017 2018 2019 2020 '19 '19 '19 '19 '19 '19 '19 '19 '19 '20 '20 '20 '20 '20 '20 Source: CREB® Inventory Sales Benchmark Price Source: CREB® Months of Supply Trended 12 month moving average

CALGARY CMA PRICE CHANGE CALGARY CMA PRICES 10% 550,000 8% 500,000 6% 450,000 4% 400,000 2% 350,000 0% 300,000 -2% 250,000 -4% 200,000 -6% 150,000 -8% 100,000 2015 2016 2017 2018 2019 2020 2015 2016 2017 2018 2019 2020 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 7 Airdrie

Jun. 20

AIRDRIE TOTAL SALES AIRDRIE TOTAL SALES BY PRICE RANGE

YTD JUNE YTD JUNE 1,000 300 900 250 800 700 200 600

500 150 400 100 300 200 50 100

AIRDRIE INVENTORY AND SALES AIRDRIE MONTHS OF INVENTORY

600 340,000 9

338,000 8 500 336,000 7

400 334,000 6

332,000 5 300 330,000 4

200 328,000 3

326,000 2 100 324,000 1

- 322,000 - Apr.May.Jun.Jul.Aug.Sep.Oct.Nov.Dec.Jan.Feb.Mar.Apr.May.Jun. 2015 2016 2017 2018 2019 2020 '19 '19 '19 '19 '19 '19 '19 '19 '19 '20 '20 '20 '20 '20 '20 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 2015 2016 2017 2018 2019 2020 2015 2016 2017 2018 2019 2020 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 8 Rocky View Region

Jun. 20

Share of New Sales to New Months of Benchmark Average Median Sales Inventory Sales Listings Listings Ratio Supply Price Price Price June 2020 Activity Total Rocky View Region 180 341 52.79% 862 4.79 366,200 579,979 453,000 100% Rural Rocky View 34 92 36.96% 327 9.62 521,200 1,047,544 925,000 19% Beiseker 0 0 - 8 - - NA NA 0% Bragg Creek 3 6 50.00% 19 6.33 - 668,333 770,000 2% Chestermere 37 65 56.92% 125 3.38 471,100 575,946 535,000 21% Cochrane 76 136 55.88% 289 3.80 394,900 409,368 391,500 42% Crossfield 8 13 61.54% 33 4.13 - 350,200 320,750 4% Irricana 2 7 28.57% 14 7.00 - 200,000 200,000 1% Langdon 15 17 88.24% 34 2.27 - 494,910 453,500 8% Redwood Meadows 3 2 150.00% 3 1.00 - 522,833 485,000 2% Other 2 3 66.67% 10 5.00 - 1,079,500 1,079,500 1%

SALES BY PRICE RANGE JUNE INVENTORY BY PRICE RANGE JUNE 45 250 40

35 200

30 150 25

20 100 15

10 50 5

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 JUNE YTD JUNE 1,200 2,500

1,000 2,000

800 1,500 600 1,000 400

500 200

0 0 YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 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 9 Cochrane

Jun. 20

COCHRANE TOTAL SALES COCHRANE TOTAL SALES BY PRICE RANGE

YTD JUNE YTD JUNE 450 140

400 120 350 100 300

250 80

200 60 150 40 100

50 20

COCHRANE INVENTORY AND SALES COCHRANE MONTHS OF INVENTORY

400 415,000 16

14 350 410,000

300 12 405,000 250 10 400,000 200 8 395,000 150 6 390,000 100 4 385,000 50 2

- 380,000 - Apr.May.Jun.Jul.Aug.Sep.Oct.Nov.Dec.Jan.Feb.Mar.Apr.May.Jun. 2015 2016 2017 2018 2019 2020 '19 '19 '19 '19 '19 '19 '19 '19 '19 '20 '20 '20 '20 '20 '20 Source: CREB® 12 month moving average Inventory Sales Benchmark Price Source: CREB® Months of Supply Trended

COCHRANE PRICE CHANGE COCHRANE PRICES 8% 400,000

6% 350,000 4% 300,000 2%

0% 250,000

-2% 200,000 -4% 150,000 -6%

-8% 100,000 2015 2016 2017 2018 2019 2020 2015 2016 2017 2018 2019 2020 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 10 Chestermere

Jun. 20

CHESTERMERE TOTAL SALES CHESTERMERE TOTAL SALES BY PRICE RANGE

YTD JUNE YTD JUNE 300 60

250 50

200 40

150 30

100 20

50 10

CHESTERMERE INVENTORY AND SALES CHESTERMERE MONTHS OF INVENTORY

250 495,000 16

14 490,000 200 12 485,000 10 150 480,000 8 475,000 100 6 470,000 4 50 465,000 2

- 460,000 - Apr.May.Jun.Jul.Aug.Sep.Oct.Nov.Dec.Jan.Feb.Mar.Apr.May.Jun. 2015 2016 2017 2018 2019 2020 '19 '19 '19 '19 '19 '19 '19 '19 '19 '20 '20 '20 '20 '20 '20 Source: CREB® 12 month moving average Inventory Sales Benchmark Price Source: CREB® Months of Supply Trended

CHESTERMERE PRICE CHANGE CHESTERMERE PRICES 12% 400,000 10% 350,000 8% 6% 300,000 4% 2% 250,000 0% 200,000 -2% -4% 150,000 -6% -8% 100,000 2015 2016 2017 2018 2019 2020 2015 2016 2017 2018 2019 2020 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 11 Rural Rocky View

Jun. 20

RURAL ROCKY VIEW TOTAL SALES RURAL ROCKY VIEW TOTAL SALES BY PRICE RANGE

YTD JUNE YTD JUNE 300 90

80 250 70

200 60

50 150 40

100 30

20 50 10

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

450 540,000 60

400 535,000 50 350 530,000 525,000 300 40 520,000 250 515,000 30 200 510,000 150 20 505,000

100 500,000 10 50 495,000

- 490,000 - Apr.May.Jun.Jul.Aug.Sep.Oct.Nov.Dec.Jan.Feb.Mar.Apr.May.Jun. 2015 2016 2017 2018 2019 2020 '19 '19 '19 '19 '19 '19 '19 '19 '19 '20 '20 '20 '20 '20 '20 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 6% 600,000 550,000 4% 500,000 2% 450,000

0% 400,000 350,000 -2% 300,000 -4% 250,000 200,000 -6% 150,000 -8% 100,000 2015 2016 2017 2018 2019 2020 2015 2016 2017 2018 2019 2020 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 Foothills Region

Jun. 20

Share of New Sales to New Months of Benchmark Average Median Sales Inventory Sales Listings Listings Ratio Supply Price Price Price June 2020 Activity Total Foothills Region 129 225 57.33% 674 5.22 379,300 455,926 376,500 100% Rural Foothills 17 49 34.69% 159 9.35 664,800 802,176 786,000 13% Black Diamond 2 12 16.67% 26 13.00 - 292,500 292,500 2% Blackie 1 0 - 5 5.00 - 207,000 207,000 1% Cayley 0 1 0.00% 9 - - NA NA 0% De Winton 2 1 200.00% 6 3.00 - 777,450 777,450 2% Heritate Pointe 6 6 100.00% 29 4.83 - 794,900 730,250 5% High River 30 34 88.24% 91 3.03 310,300 301,172 301,200 23% Okotoks 60 104 57.69% 183 3.05 413,200 418,258 372,500 47% Turner Valley 8 9 88.89% 15 1.88 292,200 324,569 342,500 6% Priddis Greens 0 4 0.00% 10 - - NA NA 0% Longview 0 2 0.00% 3 - - NA NA 0% Other 3 5 60.00% 12 4.00 - 444,667 389,000 2%

SALES BY PRICE RANGE JUNE INVENTORY BY PRICE RANGE JUNE 40 120

35 100 30 80 25

20 60

15 40 10 20 5

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 YTD JUNE FOOTHILLS NEW LISTINGS: YEAR-TO-DATE YTD JUNE 800 1,800

700 1,600

600 1,400 1,200 500 1,000 400 800 300 600 200 400 100 200 0 0 YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 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 13 Okotoks

Jun. 20

OKOTOKS TOTAL SALES OKOTOKS TOTAL SALES BY PRICE RANGE

YTD JUNE YTD JUNE 450 100

400 90

350 80 70 300 60 250 50 200 40 150 30 100 20 50 10 0 0 YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Detached Apartment Semi - Detached YTD 2017 YTD 2018 YTD 2019 YTD 2020 Row 10 Year Average Source: CREB® Source: CREB®

OKOTOKS INVENTORY AND SALES OKOTOKS MONTHS OF INVENTORY

300 435,000 16

14 250 430,000 12 425,000 200 10 420,000 150 8 415,000 6 100 410,000 4 50 405,000 2

- 400,000 - Apr.May.Jun.Jul.Aug.Sep.Oct.Nov.Dec.Jan.Feb.Mar.Apr.May.Jun. 2015 2016 2017 2018 2019 2020 '19 '19 '19 '19 '19 '19 '19 '19 '19 '20 '20 '20 '20 '20 '20 Source: CREB® 12 month moving average Inventory Sales Benchmark Price Source: CREB® Months of Supply Trended

OKOTOKS PRICE CHANGE OKOTOKS PRICES 12% 400,000 10% 350,000 8% 6% 300,000 4% 2% 250,000 0% 200,000 -2% -4% 150,000 -6% -8% 100,000 2015 2016 2017 2018 2019 2020 2015 2016 2017 2018 2019 2020 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 14 Rural Foothills

Jun. 20

RURAL FOOTHILLS TOTAL SALES RURAL FOOTHILLS TOTAL SALES BY PRICE RANGE

YTD JUNE YTD JUNE 140 50 45 120 40 100 35

80 30 25 60 20

40 15 10 20 5 0 0 YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Detached Apartment Semi - Detached YTD 2017 YTD 2018 YTD 2019 YTD 2020 Row 10 Year Average Source: CREB® Source: CREB®

RURAL FOOTHILLS INVENTORY AND SALES RURAL FOOTHILLS MONTHS OF INVENTORY

300 800,000 60

700,000 250 50 600,000 200 40 500,000

150 400,000 30

300,000 100 20 200,000 50 10 100,000

RURAL FOOTHILLS PRICE CHANGE RURAL FOOTHILLS PRICES 25% 800,000

20% 700,000

15% 600,000

10% 500,000

5% 400,000

0% 300,000

-5% 200,000

-10% 100,000 2015 2016 2017 2018 2019 2020 2015 2016 2017 2018 2019 2020 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 15 Wheatland Region

Jun. 20

Share of New Sales to New Months of Benchmark Average Median Sales Inventory Sales Listings Listings Ratio Supply Price Price Price June 2020 Activity Total Wheatland Region* 35 49 71.43% 210 6.00 322,700 329,594 320,000 94% Rural Wheatland* 3 9 33.33% 47 15.67 NA 527,500 512,500 9% Carseland* 0 2 0.00% 4 - - NA NA 0% Lyalta* 0 3 0.00% 12 - - NA NA 0% Rockyford* 1 1 100.00% 2 2.00 - 110,000 110,000 3% Strathmore 29 29 100.00% 125 4.31 330,700 318,045 317,000 83% Gleichen 0 1 0.00% 3 - - NA NA 0% Other* 2 5 40.00% 20 10.00 - 310,000 310,000 6% *Data within these areas many not accurately reflect total resale activity and trends

SALES BY PRICE RANGE INVENTORY BY PRICE RANGE JUNE JUNE 16 60

14 50 12 40 10

8 30

6 20 4 10 2

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 JUNE YTD JUNE 300 500 450 250 400 350 200 300

150 250 200 100 150 100 50 50 0 0 YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD YTD 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Strathmore Rural Wheatland Carseland Strathmore Rural Wheatland Carseland

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

CREB® Calgary Regional Housing Market Statistics 16 Strathmore

Jun. 20

STRATHMORE TOTAL SALES STRATHMORE TOTAL SALES BY PRICE RANGE

YTD JUNE YTD JUNE 250 60

50 200

40 150

30 100 20

50 10

STRATHMORE INVENTORY AND SALES STRATHMORE MONTHS OF INVENTORY

200 340,000 25

180 335,000

160 330,000 20

140 325,000

120 320,000 15

100 315,000

80 310,000 10 60 305,000

40 300,000 5 20 295,000

- 290,000 - Apr.May.Jun.Jul.Aug.Sep.Oct.Nov.Dec.Jan.Feb.Mar.Apr.May.Jun. 2015 2016 2017 2018 2019 2020 '19 '19 '19 '19 '19 '19 '19 '19 '19 '20 '20 '20 '20 '20 '20 Source: CREB® Inventory Sales Benchmark Price Source: CREB® Months of Supply Trended 12 month moving average

STRATHMORE PRICE CHANGE STRATHMORE PRICES 12% 280,000 10% 260,000 8% 240,000 6% 220,000 4% 200,000 2% 180,000 0% 160,000 -2% 140,000 -4% 120,000 -6% 100,000 2015 2016 2017 2018 2019 2020 2015 2016 2017 2018 2019 2020 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 17 Mountain View Region

Jun. 20

Share of New Sales to New Months of Benchmark Average Median Sales Inventory Sales Listings Listings Ratio Supply Price Price Price June 2020 Activity Total Mountain View Region* 51 109 46.79% 344 6.75 294,100 331,427 314,900 100% Rural Mountain View* 10 26 38.46% 79 7.90 NA 466,050 362,000 20% Carstairs 16 20 80.00% 55 3.44 314,600 311,394 320,950 31% Cremona 1 0 - 3 3.00 - 285,000 285,000 2% Didsbury 7 6 116.67% 31 4.43 277,400 255,214 238,500 14% Olds* 13 43 30.23% 117 9.00 312,600 318,500 315,000 25% Sundre* 3 11 27.27% 51 17.00 274,300 249,333 220,000 6% Other* 1 3 33.33% 8 8.00 - 300,000 300,000 2% *Data within these areas many not accurately reflect total resale activity and trends

SALES BY PRICE RANGE INVENTORY BY PRICE RANGE JUNE JUNE 30 90 80 25 70

20 60 50 15 40

10 30 20 5 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 JUNE YTD JUNE 350 700

300 600

250 500

200 400

150 300

100 200

50 100

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 18 Kneehill Region

Jun. 20

Share of New Sales to New Months of Benchmark Average Median Sales Inventory Sales Listings Listings Ratio Supply Price Price Price June 2020 Activity Total Kneehill Region* 5 18 27.78% 91 18.20 176,000 297,100 305,000 100% Rural Kneehill* 2 5 40.00% 15 7.50 NA 375,000 375,000 40% Acme* 0 1 0.00% 2 - - NA NA 0% Linden* 2 2 100.00% 7 3.50 - 290,000 290,000 40% Three Hills* 0 5 0.00% 33 - - NA NA 0% Torrington* 1 0 - 1 1.00 - 155,500 155,500 20% Trochu* 0 4 0.00% 22 - - NA NA 0% Other* 0 1 0.00% 12 - - NA NA 0% *Data within these areas many not accurately reflect total resale activity and trends

SALES BY PRICE RANGE INVENTORY BY PRICE RANGE JUNE JUNE 3 40

30 2 25

15 1 10

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 JUNE YTD JUNE 60 160

140 50 120 40 100

30 80

60 20 40 10 20

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

CREB® Calgary Regional Housing Market Statistics 19 Willow Creek Region

Jun. 20

Share of New Sales to New Months of Benchmark Average Median Sales Inventory Sales Listings Listings Ratio Supply Price Price Price June 2020 Activity Total Willow Creek Region* 17 29 58.62% 94 5.53 227,300 252,588 245,000 100% Rural Willow Creek* 2 6 33.33% 22 11.00 NA 357,000 357,000 12% Claresholm* 6 9 66.67% 32 5.33 - 203,333 204,500 35% Nanton* 8 10 80.00% 29 3.63 - 264,375 263,750 47% Stavely* 1 2 50.00% 9 9.00 - 245,000 245,000 6% Other* 0 2 0.00% 2 - - NA NA 0% *Data within these areas many not accurately reflect total resale activity and trends

SALES BY PRICE RANGE INVENTORY BY PRICE RANGE JUNE JUNE 8 30

7 25 6 20 5

4 15

3 10 2 5 1

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 JUNE YTD JUNE 100 250

80 200

60 150

40 100

20 50

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

CREB® Calgary Regional Housing Market Statistics 20 Vulcan Region

Jun. 20

Share of New Sales to New Months of Benchmark Average Median Sales Inventory Sales Listings Listings Ratio Supply Price Price Price June 2020 Activity Total Vulcan Region* 6 15 40.00% 74 12.33 193,700 279,992 276,500 100% Rural Vulcan* 3 9 33.33% 28 9.33 - 211,000 265,000 50% Vulcan* 3 3 100.00% 31 10.33 - 348,983 427,450 50% Carmangay* 0 1 0.00% 3 - - NA NA 0% Champion* 0 1 0.00% 4 - - NA NA 0% Other* 0 1 0.00% 8 - - NA NA 0% *Data within these areas many not accurately reflect total resale activity and trends

SALES BY PRICE RANGE INVENTORY BY PRICE RANGE JUNE JUNE 3 30

2 20

1 10

0 0

Rural Vulcan Vulcan Carmangay Rural Vulcan Vulcan Carmangay

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

VULCAN SALES: YEAR-TO-DATE VULCAN NEW LISTINGS: YEAR-TO-DATE YTD JUNE YTD JUNE 50 120

45 100 40

35 80 30

25 60

20 40 15

10 20 5

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

CREB® Calgary Regional Housing Market Statistics 21 Bighorn Region

Jun. 20

Share of New Sales to New Months of Benchmark Average Median Sales Inventory Sales Listings Listings Ratio Supply Price Price Price June 2020 Activity Total Bighorn Region* 18 74 24.32% 172 9.56 788,800 963,444 732,000 100% Rural Bighorn* 0 1 0.00% 8 - - NA NA 0% Canmore* 17 66 25.76% 141 8.29 - 997,765 750,000 94% Other* 1 7 14.29% 23 23.00 - 380,000 380,000 6% *Data within these areas many not accurately reflect total resale activity and trends

SALES BY PRICE RANGE INVENTORY BY PRICE RANGE JUNE JUNE 7 60

6 50

5 40

4 30 3 20 2

10 1

0 0

Canmore Other Rural Bighorn Canmore Other Rural Bighorn

Source: CREB® Source: CREB®

BIGHORN SALES: YEAR-TO-DATE YTD JUNE BIGHORN NEW LISTINGS: YEAR-TO-DATE YTD JUNE 140 600

120 500

100 400

80 300 60

200 40

100 20

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

CREB® Calgary Regional Housing Market Statistics 22 CREB® Definitions

Jun. 20

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 23