The Vancouver - Downtown residential real estate market saw strong sales of the Concert SALT project but more modest sales for Cressey's Maddox project, showing demand depends on appealing to local investors and Chinese buyers. Six completed high-rise projects have 76 remaining units. Upcoming projects like Jameson House and The Beasley could add to inventory, while timing is uncertain for others like 999 Seymour and Panorama. The Residences at Hotel Georgia is expected to launch displays.

1. MarketShare
SECOND QUARTER 2011
A COMPREHENSIVE ANALYSIS OF THE RESIDENTIAL
REAL ESTATE MARKET IN THE VANCOUVER LOWER MAINLAND
August 2011

2. TABLE OF
CONTENTS
WELCOME TO MarketShare 1
RESEARCH METHODOLOGY 2
OVERALL – MARKET SUMMARY 3
MARKET SUMMARIES
Vancouver – Downtown 4
Vancouver – West 5
Vancouver – East 6
Richmond/South Delta/Tsawwassen 7
Burnaby/New Westminster 8
North Shore: North Vancouver & West Vancouver 9
Tri-Cities: Coquitlam, Port Coquitlam & Port Moody 10
Ridge Meadows: Maple Ridge & Pitt Meadows 11
Surrey Central/North Delta 12
South Surrey/White Rock 13
Cloverdale/Langley 14
WHAT TO WATCH 15
SECOND QUARTER 2011

3. WELCOME TO
MarketShare
As our team worked through the process of creating the Finally, having worked in real estate most of my career I have had the
privilege of working in and living in Vancouver while simultaneously being
latest edition of MarketShare the media was buzzing
involved in projects throughout the world. I appreciate the benefit of
with stories on the US debt ceiling crisis and the global
having a global perspective informed by rich and ongoing dialogue with
economy - I think I have definitely had enough CNN for my global colleagues in the business. My colleagues continue to be
the summer. impressed with our market and offerings and continue to be proactive in
promoting Vancouver projects in Asia with a strong focus in China. Our
The US is still a major global economic force and continues to draw more
long term view is that this market will be sustainable for the foreseeable
than its share of attention and concern when storms occur. However, the
future and we are investing in infrastructure to support this view. We
number of conflicting view points out there with respect to the seriousness
have commenced work on a website in China that will feature Canadian
of the situation and the probable impacts create a sea of confusion. What
properties with an emphasis on the Vancouver and Toronto markets. In
does seem certain is this: there are significant economic problems in the US
addition, we are also developing a newsletter and electronic magazine
that will have to be addressed in the coming years. Will it affect our market?
which will showcase select Vancouver properties and be distributed to
It may have a short term effect on some buyers’ confidence but overall
our database as well as our immigration and banking partners. We are
unless there is a complete collapse the impact on our market will be
also establishing a Private Buyer’s Service abroad to coordinate the
minimal. On the other hand, if there were similar challenges in Asia and
interest we are generating and help funnel these prospective buyers to
China in particular we would see a negative effect on our local market.
projects locally. These investments will be leveraged by our existing
In my view, there is no reason to believe Chinese immigration and buying international clients and will be offered more broadly in the future.
won’t continue to influence our market for the foreseeable future. It would
We are in uncertain times globally, but have a real estate market locally
take a very severe turn in government policy towards immigration to negate
that is very much envied. Our long term view of this market remains
this market trend. Since we have been producing MarketShare demand
unchanged…”we wouldn’t want to be anywhere else.”
from this market has continued to increase pricing in select markets.
However, this demand has primarily impacted a limited number of sub I hope you are enjoying your summer and taking time to appreciate family
markets in the Lower Mainland. There is continued demand for all product and friends. And, as always I hope this edition of MarketShare is
types in Vancouver - West, Richmond and Metrotown and for detached enjoyable and informative. We welcome your thoughts and opinions.
homes and townhome product in South Surrey.
From an overall market perspective the lower mainland market continues to
impress. I must admit upon reading the data collected on the past quarter’s
sales performance my first instinct was to check it again. The pace of sales Greg Ashley
was simply astounding. To date nearly 80 percent of last years total volume
PRESIDENT AND MANAGING PARTNER,
has been achieved. Congratulations to all the developers who enjoyed this
COLLIERS INTERNATIONAL RESIDENTIAL MARKETING
success. We know full well the countless hours that go into making a project
a success. Incidentally, the impact of these successes in many areas like
Metrotown warrant additional study independent of the broader market area
they encompass, i.e. Burnaby/New Westminister. As development evolves in
these “micro” communities the gap in pricing and product offering may
vastly change in contrast to the surrounding areas. This trend may alter
how we need to view the market and produce this report.
SECOND QUARTER 2011 1

4. RESEARCH
Methodology
Urban Analytics (UAI) is the source for analytical CONTEMPLATED MULTI-FAMILY PROJECT DATA
UAI also continuously monitors new multi-family developments being
interpretation of relevant real estate market data, trends
contemplated in the various markets in the Lower Mainland to determine
and strategic recommendations. Our client-focused
the level of potential new supply in each area. For the purposes of the
service model determines the information required, MarketShare publications, UAI contacts various municipal planning
then collects and interprets the data in a timely manner departments along with developers (and/or their representatives) of
enabling clients to make informed strategic decisions. proposed new developments to determine the anticipated timing of their
approval and marketing launch.
Urban Analytics Inc. (UAI) was engaged by Colliers to provide aggregate
data on the multi-family residential real estate market in the Vancouver MULTI-FAMILY PROJECT DATA – RESALE
Lower Mainland. The resale market provides an important barometer from which to assess
demand and determine pricing for new home projects. Accordingly, UAI
The methodology used to collect the data was as follows: closely monitors the resale market for multi-family homes in order to
identify trends that are relevant to the new home sector. However, the
GENERAL PARAMETERS
breadth and depth of product for sale can create findings that are less
Vancouver Lower Mainland refers to the area from West Vancouver to
than helpful to the new home developer. As a result, UAI recommends
Aldergrove. At the present time, we have excluded Abbotsford, Chilliwack,
studying only product that is aged ten years or newer and valued at less
and Mission. And, given the focus on the multi-family market we have
than $1.2 million. While it could be argued that limiting the analysis to
excluded single family home sales from our data collection efforts
newer product (i.e. five years or newer) would be more relevant to the
MULTI-FAMILY PROJECT DATA – NEW HOME SALES new home sector, we believe this would limit the sample size and
UAI takes a dynamic approach to collecting multi-family new home sales potentially skew the data towards a specific type of product available in a
data. The primary method used to collect information is a personal visit to small number of specific buildings/projects. In all instances active sales
each project being actively marketed. In addition to collecting current sales range quoted in tables is defined as “The active sales range in which 75
information, UAI representatives engage on-site sales staff to determine percent of sales of this product type occurred”.
additional relevant information such as incentive offerings, traffic trends and
active buyer profiles. In all instances active sales range quoted in tables is We hope you find this aggregate data combined with Colliers’
defined as “The per square foot sales range in which 75 percent of sales of this analysis, observations and opinions thought provoking.
product type occurred”.
Michael Ferreira
PRINCIPAL, URBAN ANALYTICS INC.
SECOND QUARTER 2011 2

5. OVERALL – SUMMARY
VANCOUVER LOWER MAINLAND
Sales of multi-family residential real estate rapidly accelerated in the Second overall compared to the First Quarter of 2011. However in comparison to the
Quarter of 2011. A total of 4,839 units were sold in the Second Quarter of 2011 Second Quarter of 2010 active listings are down approximately 13 percent
a dramatic 85 percent increase from the same period in 2010 and surpassing on aggregate even with a 9 percent increase in townhome listings taken into
the most active quarter in 2010 by a whopping 78 percent. When compared account. Overall the first quarter sales were distributed across all product
with results in the First Quarter of 2011 sales were up 91 percent. To date, types accordingly:
7,366 new units have been sold or 82 percent of last year’s total volume.
HIGH RISE LOW RISE TOWNHOME TOTALS
New high profile projects in Vancouver - Downtown, Vancouver - West, Total Sales 1,009 644 872 2,525
Vancouver - East, Richmond, Metrotown, Coquitlam and New Westminster
Total Active Listings 1,929 1,466 1,404 4,799
drove the pace supported by steady absorptions of inventory in most areas.
Even with the number of launches inventory only increased approximately 12 THE QUARTER AHEAD:
percent over the First Quarter of 2011 to 7,752 units. This is approximately 36 Local and Asian investors were active at all high rise successes in the
percent more inventory than was on the market in the First Quarter of 2010. Second Quarter of 2011. End users were very active at new low rise and
townhome offerings in more suburban areas such as New Westminster,
NEW HOME MARKET:
Burquitlam and South Surrey. This trend is expected to continue in the fall.
As indicated in the table below, in the Second Quarter of 2011, 56 percent of
sales occurred at high rise projects which is a 13 percent increase compared Towards the end of the Second Quarter concerns about the market emerged
to the First Quarter of 2011 but a 7 percent decrease compared to the Second based on launch results that were less than market expectations in a limited
Quarter of 2010. Low rise sales represented 27 percent of sales which is number of locations, However, significant successes in the later portion of
down 2 percent from the previous quarter. Townhome sales formed the June somewhat eased these concerns. That being said, recent economic
remaining 17 percent of total sales which decreased 11 per cent from the First events in Europe and the US has resulted in a resurgence of “bubble” talk
Quarter of 2011 but only 1.5 percent less than Second Quarter 2010. and developer sentiment seems more cautious than it otherwise might be on
the heels of such a strong quarter.
For the fifth consecutive quarter inventory has increased as developers
showed confidence and continued to bring new offerings to market. And, The quarter ahead is typically the slowest quarter of the year as it
active projects increased again this quarter albeit by a moderate 9 percent to a encompasses summer, a season during which investors tend to be less
total of 279. active locally and with sales centre traffic slowing due to summer vacations.
That said, we do expect sales to meet or modestly exceed absorptions
Overall the second quarter performance was astounding across all product
achieved in the Third Quarter of 2010 - 1,649 new multi-family sales were
types as indicated in the following table:
generated in that period.
HIGH RISE LOW RISE TOWNHOME TOTALS
Total Second Quarter Sales 2,729 1,313 797 4,839
Total Inventory 3,998 2,521 1,233 7,752
Total No. Of Projects 90 94 95 279
W. Scott Brown
SENIOR VICE PRESIDENT, WESTERN CANADA
RESALE MARKET:
COLLIERS INTERNATIONAL RESIDENTIAL MARKETING
In the Second Quarter of 2011, an estimated 2,525 resale multi-family homes
were sold which represents a 61 percent increase over the First Quarter of Note To Reader - At the end of this report we have included a commentary on ‘What to Watch’
and invite you to read our thoughts on the future of the Lower Mainland market. In coming
2011 and a 51 percent increase over the Second Quarter of 2010. More
editions, we will provide additional insight to the market through our ‘What to Watch’
specifically high rise sales were up 30 percent, low rise sales were up 76 commentary, critiquing our earlier assumptions and sharing your views.
percent and townhomes sales were up a whopping 80 percent. Active listings
for all product types were moderately up resulting in a 15 percent increase
SECOND QUARTER 2011 3

6. MARKET SUMMARY
VANCOUVER – DOWNTOWN
The ‘green light’ rating for the Vancouver - Downtown market is a tentative one. As the two most recent
project launches illustrated, success in this market area is largely dependent on whether a project appeals
to the local investor and Chinese buyer group. While Concert sold nearly 80 percent of its SALT project at
Hornby and Drake, Cressey achieved more modest absorptions at Maddox.
NEW DEVELOPMENTS - Q2 2011
MARKET HIGHLIGHTS: Q2 NEW RELEASES AND PROJECTED Q3 NEW RELEASES
t ll S
nS we
* The success of Concert’s SALT illustrates nm
a Bid
De Me CANADA
St PLACE
that there is demand for condo units without ero W
lvi
lle
St
Ge
ard
Projected Q3
C St org
parking as long as they are priced ola ia
Q2 release Nic St
St Du
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appropriately relative to comparable units Ha Bute mu W
rd
ov
rw ir S Ha a
oo Ne W sti St Water
dS t t t Pe
t olaS nS lso n ng
with parking. Nic ug
hto
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Co
mo
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t
de
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sS
t
o t t
Br sS n dra xS
rvi ll S t
Je t t
* There are now six completed projects with a teS
HIGH RISE Bu St St
St rn
by rds K
combined 76 units of standing inventory. Pa low Ho St St ha St
cifi ur we vil
le Ric t
Th me
r nS
Be
cS St Ho ran ilto d
Ho
ac
t d G t Blv
The anticipated completion of Jameson LOW RISE rar am ie S
hA
ur H po
B mb y St Ex
ve
GM
Ca t
at BC PLACE PLA
House and The Beasley buildings could add to Be
St Da STADIUM
TOWNHOME DS
T
ur vie
RAR mo St lvd
this total. BUR GE y cB
BRID Se cifi
Pa
T
L ES
VIL
* Launch timing for a number of contemplated AN E
GR RIDG
Maps for illustrative purposes
B
new projects is uncertain. These include only. Locations are approximate.
Townline’s 999 Seymour and Concord’s
NEW PROJECT MARKET STATUS
Panorama. Q2 ACTIVE Q2 Q2 ACTIVE SALES
PRODUCT
PROJECTS SALES SUPPLY RANGE ($ PSF)
* The Residences at Hotel Georgia is expected to
High Rise 18 232 569 $690 - 710
have completed and merchandised display
Low Rise n/a n/a n/a n/a
suites ready for viewing by early 2012.
Townhome n/a n/a n/a n/a
MLS RESALE - Q2 2011
MLS RESALE MARKET STATUS (product less than 10 years of age)
MARKET HIGHLIGHTS:
ACTIVE LISTINGS SOLD INVENTORY
* Sales have increased by 49 percent
MONTHS % OF TOTAL AVG. DAYS ACTIVE SALES RANGE
compared to the Second Quarter of 2010. PRODUCT LISTINGS
OF SUPPLY # SOLD*
$ PSF
ON MARKET (75% of sales)
High Rise 554 4.6 361 100 $709 37 $370,000 - 855,000
* Listings have decreased by 36 percent
compared to the Second Quarter of 2010. Low Rise n/a n/a n/a n/a n/a n/a n/a
* Prices for both one and two bedroom Townhome n/a n/a n/a n/a n/a n/a n/a
condominiums have increased by 4 percent Change over the last quarter: Increase, Decrease, No Change
* % of Total is the percentage of product sold under ten years of age relative to the total sold for each product category
compared to the Second Quarter of 2010.
* Anticipate potential price increases due to MLS RESALE BY UNIT TYPE
lower inventory levels. AVG. PRICE $ PSF AVG. PRICE $ PSF
PRODUCT 1 BEDROOM 2 BEDROOM
High Rise $437,441 $686 $711,842 $722
Low Rise n/a n/a n/a n/a
PRODUCT 2 BEDROOM 3 BEDROOM
Townhome n/a n/a n/a n/a
SECOND QUARTER 2011 4

7. MARKET SUMMARY
VANCOUVER – WEST
Vancouver - West retains its ‘green light’ rating in spite of the increase in unsold inventory and months of supply in
the high rise and townhome sectors, which can be attributed to the launch of new projects. Sales activity at various
projects illustrated the importance of being appropriately positioned relative to comparable and competing product in
Vancouver - West and Vancouver - Downtown. The projects that were appropriately positioned outsold projects that
weren’t by a significant margin.
NEW DEVELOPMENTS - Q2 2011
MARKET HIGHLIGHTS: Q2 NEW RELEASES AND PROJECTED Q3 NEW RELEASES
Point G
rey Rd Cornwall St
* Sales at The Village at False Creek remained
We
4th Ave W Gr
sb
University of e at Nor
the
r oo
steady, which should result in more product British Columbia 10th Ave W BROADWAY W
kM
Projected Q3
all
being released during the Third Quarter. 12th Ave W
Q2 release
12
16th Ave W
Arbutus St
Dunbar St
Crown St
Macdonald St
Blenheim St
* It will be interesting to gauge buyer response
SW
M
King Edward Ave
ar
to upcoming project releases and the higher
in
Dr
e
average sale values they are anticipated to 33rd Ave W 33rd Ave
HIGH RISE
seek.
W Boulevard
41st Ave W
GRANVILLE STREET
41st Ave
* The land prices being attained for land LOW RISE
Main St
Cambie St
Fraser St
49th Ave W
assemblies along the Cambie Corridor is TOWNHOME
Oak St
raising some concern as to the end sale values 57th Ave W
57th A
that will be required and how consumers will
C.P.R
respond to these values. Maps for illustrative purposes
.
SE Marine
only. Locations are approximate. 70th Ave W Kent Ave N
O
NEW PROJECT MARKET STATUS
Q2 ACTIVE Q2 Q2 ACTIVE SALES
PRODUCT
PROJECTS SALES SUPPLY RANGE ($ PSF)
High Rise 17 235 1,066 $740 - 790
Low Rise 3 10 20 $675 - 725
Townhome 5 21 53 $730 - 780
MLS RESALE - Q2 2011
MLS RESALE MARKET STATUS (product less than 10 years of age)
MARKET HIGHLIGHTS:
ACTIVE LISTINGS SOLD INVENTORY
* For high rise product, sales increased by 13
MONTHS % OF TOTAL AVG. DAYS ACTIVE SALES RANGE
percent and active listings were down 35 PRODUCT LISTINGS
OF SUPPLY # SOLD*
$ PSF
ON MARKET (75% of sales)
percent compared to the same period last High Rise 161 5.4 90 44 $719 38 $415,000 - 860,000
year. Low Rise 127 5.3 72 35 $700 34 $442,000 - 850,000
* Low rise product experienced similar supply Townhome 64 4.4 44 21 $642 42 $590,000 - 1,075,000
and demand characteristics as the Second Change over the last quarter: Increase, Decrease, No Change
Quarter of 2010 (5.3 months of supply). * % of Total is the percentage of product sold under ten years of age relative to the total sold for each product category
* Townhomes are currently under supplied in MLS RESALE BY UNIT TYPE
this market (4.4 months of supply). AVG. PRICE $ PSF AVG. PRICE $ PSF
* Overall prices for all product types increased PRODUCT 1 BEDROOM 2 BEDROOM
by 2 percent compared to the Second High Rise $448,124 $669 $741,619 $741
Quarter 2010.
Low Rise $441,189 $658 $662,113 $713
PRODUCT 2 BEDROOM 3 BEDROOM
Townhome $830,305 $652 $913,953 $629
SECOND QUARTER 2011 5

8. MARKET SUMMARY
VANCOUVER – EAST
As in the First Quarter of 2011, Vancouver - East is considered a ‘green light’ market. This market
continues to benefit from the gentrification of Vancouver as more young professionals are priced out of the
Vancouver - West market. It is anticipated that demand for new product in this market will remain strong
for the remainder of 2011.
NEW DEVELOPMENTS - Q2 2011
MARKET HIGHLIGHTS: Q2 NEW RELEASES AND PROJECTED Q3 NEW RELEASES
morial Bridge
* Although townhome product in the market
St
an
nm
McGill St
showed a higher month of supply figure than
De
Eton St
Da cific
Projected Q3
Dundas St
vie
low rise and high rise product, most of the
Pa
Q2 release
St
HASTINGS STREET E
St
Willingdon Ave
actively selling townhome projects are Parker St
Gilmore Ave
Venables St
Holdom St
nearing the end of their respective sales
Clark Dr
Gr 1st Ave
e at Nor
programs. These developers are comfortable thern
Wy
accepting lower absorptions in order to HIGH RISE BROADWAY E
12th Ave W
12th Ave E
Grandview Hwy
maximize revenues on their remaining units. LOW RISE
Nanaimo St
KIN Canada Wy
Renfrew St
GS
Rupert St
WA
Wayburne Dr
King Edward Ave Y
* Onni enjoyed a very positive reception to its Kincaid St Spro
TOWNHOME
Collingwood
Central project on Quebec Street. Investor Moscrop St
33rd Ave W 33rd Ave E Deer Lake Pk
and end user buyers responded to the Burke St
Maps for illustrative purposes 41st Ave W
unique architectural design and the
TREET
41st Ave E Gran
only. Locations are approximate. ge S
t
appropriate positioning of the project.
NEW PROJECT MARKET STATUS
* Polygon’s successful launch at its New Water Q2 ACTIVE Q2 Q2 ACTIVE SALES
PRODUCT
low rise project has brought much attention PROJECTS SALES SUPPLY RANGE ($ PSF)
and interest to this area, High Rise 5 196 147 $625 - 675
Low Rise 13 181 217 $475 - 525
Townhome 4 16 35 $450 - 500
MLS RESALE - Q2 2011
MLS RESALE MARKET STATUS (product less than 10 years of age)
MARKET HIGHLIGHTS:
ACTIVE LISTINGS SOLD INVENTORY
* High rise product is currently under supplied in
MONTHS % OF TOTAL AVG. DAYS ACTIVE SALES RANGE
this market (4.1 months of supply). PRODUCT LISTINGS
OF SUPPLY # SOLD*
$ PSF
ON MARKET (75% of sales)
High Rise 91 4.1 66 50 $549 22 $296,000 - 515,000
* Overall sales figures for all product types
increased by 33 percent compared to the Low Rise 121 9.1 40 30 $473 42 $273,000 - 454,000
Second Quarter of 2010. Townhome 48 5.3 27 20 $482 19 $488,000 - 697,000
* Very low days on the market average for Change over the last quarter: Increase, Decrease, No Change
* % of Total is the percentage of product sold under ten years of age relative to the total sold for each product category
townhomes in this market (19 days on
average). MLS RESALE BY UNIT TYPE
AVG. PRICE $ PSF AVG. PRICE $ PSF
PRODUCT 1 BEDROOM 2 BEDROOM
High Rise $380,755 $553 $486,773 $544
Low Rise $297,394 $504 $405,936 $455
PRODUCT 2 BEDROOM 3 BEDROOM
Townhome $580,685 $521 $612,986 $424
SECOND QUARTER 2011 6

9. MARKET SUMMARY
RICHMOND/SOUTH DELTA/TSAWWASSEN
Strong demand across all product types continues to match the supply brought to market. Townhome and low rise
absorption continues to be strong especially in the Alexandra neighbourhood of West Cambie. While values for concrete
condominiums in this market have risen over the same period last year, it should be noted that demand for larger
product with higher price points is still modest. While many pre-sale developments in the this market are currently
experiencing sales success, future developments are recommended to proceed with conservative pricing expectations.
NEW DEVELOPMENTS - Q2 2011
MARKET HIGHLIGHTS: Q2 NEW RELEASES AND PROJECTED Q3 NEW RELEASES
y
W
Vulcan
er
* Price increases for townhomes in Richmond Russ Bak
Alderbridge Wy RICHMOND ANNACIS HIGHW
can be attributed to the increased pricing of River Rd
Projected Q3
single family homes. Westminster Hwy
Q2 release
C.N.R.
No 8 Rd
No. 7 Rd
* Polygon’s Mayfair Place continues to show Granville Ave
THRUWAY
strong absorptions as purchasers seek a Blundell Rd
more affordable alternative to concrete
No. 1 Rd
Gilbert Rd
No. 3 Rd
No. 4 Rd
No. 5 Rd
No. 6 Rd
Railway Ave
Garden City Rd
HIGH RISE Francis Rd
FRASER - DELTA
construction in Richmond.
T
LOW RISE Williams Rd I
H
* Townline is expected to commence sales at
its site at the former Fantasy Gardens in the TOWNHOME Steveston Hwy r Rd
No. 2 Rd Rive
Third Quarter. Steveston
Shell Rd
Moncton St
* Quintet successfully launched its second and Maps for illustrative purposes
Ge
or
only. Locations are approximate.
ge
final phases in the Second Quarter.
M
t
a
NEW PROJECT MARKET STATUS
Q2 ACTIVE Q2 Q2 ACTIVE SALES
PRODUCT
PROJECTS SALES SUPPLY RANGE ($ PSF)
High Rise 9 510 425 $550 - 600
Low Rise 7 103 149 $425 - 475
Townhome 19 93 138 $375 - 425
MLS RESALE - Q2 2011
MLS RESALE MARKET STATUS (product less than 10 years of age)
MARKET HIGHLIGHTS:
ACTIVE LISTINGS SOLD INVENTORY
* High rise sales are up slightly and active
MONTHS % OF TOTAL AVG. DAYS ACTIVE SALES RANGE
listings are down considerably compared to PRODUCT LISTINGS
OF SUPPLY # SOLD*
$ PSF
ON MARKET (75% of sales)
the Second Quarter of 2010. High Rise 289 7.5 115 37 $526 50 $338,800 - 598,000
* Low rise sales and listings totals are similar Low Rise 122 6 61 20 $447 45 $335,000 - 491,000
to the Second Quarter of 2010.
Townhome 257 5.9 131 43 $423 34 $523,000 - 712,000
* Lower sales for low rise product can be
Change over the last quarter: Increase, Decrease, No Change
explained by the large volumes occurring on * % of Total is the percentage of product sold under ten years of age relative to the total sold for each product category
the pre-sale front (i.e. Mayfair Place).
* Both sales and listings for townhomes have MLS RESALE BY UNIT TYPE
AVG. PRICE $ PSF AVG. PRICE $ PSF
increased compared to the Second Quarter
of 2010. PRODUCT 1 BEDROOM 2 BEDROOM
* Townhomes have increased by 7 percent in High Rise $354,720 $522 $486,845 $526
price compared to the Second Quarter of Low Rise $323,367 $473 $424,186 $440
2010. 2 BEDROOM 3 BEDROOM
PRODUCT
Townhome $529,515 $426 $608,100 $423
SECOND QUARTER 2011 7