E.B.Dungey Realty Ltd. Brokerage

GREATER TORONTO REALTORS REPORT Q1 RENTAL MARKET STATISTICS

April 15, 2014 — Toronto Real Estate Board President Dianne Usher
announced that strong growth in rental transactions and rental listings was
reported by Greater Toronto REALTORS® during the first quarter of 2014.  For condominium apartments in
particular, total rental transactions were up by 17.8 per cent compared to the
first quarter of 2013.  The total
number of units listed was up by an even greater 27.7 per cent.

“Renters
took advantage of an increased supply of investor-owned units listed for rent
in the first quarter.  These units,
with modern finishes, choice amenities and locations in popular neighbourhoods
attracted a growing number of renter households, including young professionals
moving close to work in downtown Toronto and new comers to Canada who initially
chose to rent,” said Ms. Usher.

One-bedroom
units accounted for approximately 60 per cent of total condominium apartment
rentals in Q1 2014.  The average
one-bedroom rent was down by 1.6 per cent to $1,573.  Two-bedroom condominium apartments
accounted for 36 per cent of transactions.  The average two-bedroom rent was up by 1.9 per cent to $2,155.

“The
condominium apartment rental market has become better supplied over the past 12
months as a number of new projects reached the completion stage.  While rental demand has remained strong,
and many investor-owned rental units have been absorbed, the increase in supply
has given prospective renters more choice, so the pace of average rent growth
has moderated,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

Apartments

All Bedroom Types

Bachelor

One-Bedroom

Two-Bedroom

Three-Bedroom

Listed
Leased

Leased
Avg. Rent

Leased
Avg. Rent

Leased
Avg. Rent

Leased
Avg. Rent

Q1 2014
11,208
5,033
 
113
$1,346
 
3,002
$1,573
 
1,807
$2,155
 
111
$2,746
Q1 2013
8,780
4,273

97
$1,308

2,379
$1,597

1,698
$2,115

99
$2,748
Yr./Yr. % Chg.
27.7%
17.8%
 
16.5%
3.0%
 
26.2%
-1.6%
 
6.4%
1.9%
 
12.1%
-0.1%

Townhouses

All Bedroom Types

Bachelor

One-Bedroom

Two-Bedroom

Three-Bedroom

Listed
Leased

Leased
Avg. Rent

Leased
Avg. Rent

Leased
Avg. Rent

Leased
Avg. Rent

Q1 2014
760
326
 
2
$1,150
 
33
$1,490
 
107
$1,904
 
184
$1,949
Q1 2013
694
284

3
$1,417

26
$1,509

94
$1,889

161
$2,002
Yr./Yr. % Chg.
9.5%
14.8%
 
-33.3%
-18.8%
 
26.9%
-1.3%
 
13.8%
0.8%
 
14.3%
-2.7%

For information about Buyer Representation Agreements
(BRA) visit www.BRAFirst.ca

For Media/Public Inquiries: Mary Gallagher, Senior
Manager Media Relations.

Toronto
Real Estate Board 1400 Don Mills Road Toronto, ON M3B 3N1, Office: (416)
443-8158, Email:maryg@trebnet.com

Greater Toronto REALTORS are passionate about their work.
They adhere to a strict Code of Ethics and share a state-of-the-art Multiple
Listing Service. Serving over 37,000 Members in the Greater Toronto Area,
the Toronto Real Estate Board is Canadas largest real estate board. Greater
Toronto Area open house listings are available on www.TorontoRealEstateBoard.com

Article source: http://www.torontorealestateboard.com/market_news/release_market_updates/news2014/nr_rental_report_Q1-2014.htm

GTA REALTORS® REPORT LATEST MID-MONTH RESALE HOUSING STATISTICS

TORONTO, April 17, 2014 — Toronto Real Estate Board
President Dianne Usher announced that the spring market started off on a strong
note in the Greater Toronto Area, with a 10.8 per cent year-over-year sales
increase reported by Greater Toronto REALTORS® during the first two weeks of
April.  Sales through the TorontoMLS system over this period amounted to 4,541 units.

“The robust increase in sales speaks to the fact that home
ownership remains affordable in the GTA.  The majority of home buyers purchase a home
using a mortgage.  A household
earning the average income in the GTA can comfortably afford a mortgage on an
average priced home,” said Ms. Usher.

“While the persistent listings shortage in the GTA, coupled
with strong demand, has led to a brisk pace of price growth, very low
advertised mortgage rates have gone a long way to mitigating the effect of
upward trending home prices,” continued Ms. Usher.

The average selling price for April mid-month sales was
$583,697, representing an annual increase of 11 per cent.  This increase was due to both tight
market conditions and a change in the mix of homes sold.  At month-end, the MLS® HPI benchmark
price will provide more insight into price growth attributable solely to the
change in market conditions.

 
“The overall average price increase was driven by
single-detached, semi-detached and townhouse sales in the City of Toronto.  There was a substantial increase in
higher-end home sales this year compared to last,” said Jason Mercer, TREB’s
Senior Manager of Market Analysis.

“This time last year, many would-be home buyers and sellers
were still on the sidelines due to changes in federal mortgage lending
guidelines, including those guideline changes that removed the government
guarantee on mortgage insurance on home sales over one million dollars.  However, many of these households have
subsequently adjusted to the lending guideline changes and have recently
purchased a home,” continued Mercer.

Summary of TorontoMLS
Sales and Average Price April 1 – 14

2014

2013

Sales

Average Price

New Listings

Sales

Average Price

New Listings

City
of Toronto (“416″)

1,648

$666,724

3,241

1,504

$575,534

3,388

Rest
of GTA (“905″)

2,893

$536,401

5,215

2,595

$497,192

5,337

GTA

4,541

$583,697

8,456

4,099

$525,937

8,725

TorontoMLS Sales Average Price  By Home Type April 1-14, 2014

Sales

Average Price

416

905

Total

416

905

Total

Detached

628

1,660

2,288

1,012,172

639,322

741,660

Yr./Yr. % Change

19.4%

9.1%

11.7%

19.2%

8.1%

12.8%

Semi-Detached

165

323

488

697,580

438,068

525,813

Yr./Yr. % Change

-6.8%

16.2%

7.3%

15.8%

6.4%

8.2%

Townhouse

169

542

711

486,445

411,559

429,359

Yr./Yr. % Change

3.0%

9.1%

7.6%

19.3%

9.9%

12.2%

Condo
Apartment

676

289

965

386,874

297,172

360,010

Yr./Yr. % Change

8.2%

19.4%

11.3%

0.2%

9.4%

1.6%

For information about Buyer Representation Agreements
(BRA) visit www.BRAFirst.ca

For Media/Public Inquiries: Mary Gallagher, Senior
Manager Media Relations.

Toronto
Real Estate Board 1400 Don Mills Road Toronto, ON M3B 3N1, Office: (416)
443-8158, Email:maryg@trebnet.com

Greater Toronto REALTORS are passionate about their work.
They adhere to a strict Code of Ethics and share a state-of-the-art Multiple
Listing Service. Serving over 37,000 Members in the Greater Toronto Area,
the Toronto Real Estate Board is Canadas largest real estate board. Greater
Toronto Area open house listings are available on www.TorontoRealEstateBoard.com

Article source: http://www.torontorealestateboard.com/market_news/release_market_updates/news2014/nr_mid_month_0414.htm

GREATER TORONTO REALTORS REPORT Q1 CONDOMINIUM MARKET STATISTICS

April 15, 2014 — Toronto Real Estate Board President
Dianne Usher announced that “home buyers remained
confident in purchasing condominium apartments during the first three months of
2014.  This included first-time
buyers and seasoned home owners looking to change
their housing situation.  Despite
the condo market segment being well-supplied, strong sales growth translated
into a robust increase in the average selling price.”

Greater Toronto Area REALTORS® reported 4,454 condominium
apartments sold through the TorontoMLS system in Q1
2014 – up nine per cent compared to 4,085 sales reported in Q1 2013.  The average selling price for Q1 2014
transactions was up by 5.6 per cent year-over-year to $351,213.

The City of Toronto accounted for 70 per cent of all condo
apartment transactions, with 3,121 sales reported.  The average selling price in the City
was $376,226.

The supply of condo apartments listed for sale also edged up in
the first three months of 2014.  New
listings reported during the quarter were up by 3.1 per cent
year-over-year.  Active listings at
the end of the quarter were up by 1.8 per cent.

“The number of new condominium apartment completions was up
substantially in 2014.  Because of
this, we could see stronger growth in listings in the second half of 2014 as
some investors choose to list their units for sale.  If this occurs, buyers would benefit
from more choice in the marketplace and thus could have more negotiating power
with regard to price,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

Condominium
Apartment Market Summary

First
Quarter 2014

2014

2013

Sales

Average Price

Sales

Average Price

Total
TREB

4,454

$351,213

4,085

$332,431

Halton Region

120

$304,493

72

$303,757

Peel
Region

653

$262,128

634

$259,318

City
of Toronto

3,121

$376,226

2,900

$354,977

York
Region

437

$353,660

370

$319,131

Durham
Region

114

$224,590

102

$223,458

Other
Areas

9

$248,727

7

$199,571

Source:
Toronto Real Estate Board

For information about Buyer Representation Agreements
(BRA) visit www.BRAFirst.ca

For Media/Public Inquiries: Mary Gallagher, Senior
Manager Media Relations.

Toronto
Real Estate Board 1400 Don Mills Road Toronto, ON M3B 3N1, Office: (416)
443-8158, Email:maryg@trebnet.com

Greater Toronto REALTORS are passionate about their work.
They adhere to a strict Code of Ethics and share a state-of-the-art Multiple
Listing Service. Serving over 37,000 Members in the Greater Toronto Area,
the Toronto Real Estate Board is Canadas largest real estate board. Greater
Toronto Area open house listings are available on www.TorontoRealEstateBoard.com

Article source: http://www.torontorealestateboard.com/market_news/release_market_updates/news2014/nr_condo_report_Q1-2014.htm

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Article source: http://www.cmhc.ca/en/corp/nero/nere/2014/upload/2014_04_08_0815_EOT.pdf

TREB President’s Column as it appears every Friday in the Toronto Sun’s Resale Homes and Condos section.

April 4, 2014 — Recognizing that Canada is highly regarded around the world for the quality of life it offers, you may find it surprising to know that according to Statistics Canada, in 2010 there were almost 99,000 victims of family violence across the nation, accounting for 25 per cent of all victims of violent crime.

Fortunately, there are a number of organizations throughout the Greater Toronto Area that make it their mission to provide safety, shelter and support to women and children fleeing abuse.  One such facility, which Greater Toronto REALTORS® support through the REALTORS Care Foundation, is Ernestine’s Women’s Shelter.

Established in 1983 by a group of people who identified a need for such services in the community, Ernestine’s Women’s Shelter has supported more than 5,000 families with immediate, critical care services.  Offering a crisis line, shelter services, transitional and outreach programs, it strives to help women rebuild their lives. These services are vitally important, not just to the victims of abuse, but to all Canadians, since according to the organization, health related costs of violence against women in Canada exceed $1.5 billion a year. Equally staggering is the fact that in Canada, between one and two women are murdered every week by a former or current partner.

Organizations like Ernestine’s Women’s Shelter, however, are making a difference. Executive Director Jill Cunningham points to the story of one client who, as result of the support she received from Ernestine’s Women’s Shelter, went on to complete her education, find affordable housing and daycare, and establish a successful company.

“Women and children that stay at Ernestine’s Women’s Shelter learn that the violence and abuse is not their fault, they’re not alone, and that they can live independently,” says Cunningham.

In order to foster more success stories, Greater Toronto REALTORS® have offered a grant to Ernestine’s Women’s Shelter that will allow the organization to provide family start-up kits to women and children leaving the shelter or escaping an abusive relationship. Each kit consists of the basics required for beginning again, along with some financial relief. Having been proud supporters of Ernestine’s Women’s Shelter since 2008, Greater Toronto REALTORS® are very pleased to be able to make this contribution to the start-up kits, support that Cunningham says is crucial.

“Most women who come to the shelter come with only the clothes on their back so it’s really important. Also the government has recently made cuts in the area of helping out with community start ups, so the support is more important than ever.”

To learn about opportunities to support this very worthwhile organization, visit www.Ernestines.ca, and if someone you know needs support in fleeing an abusive relationship, please urge them to call the Assaulted Women’s Helpline at 1-866-863-0511. For more information about the many ways Greater Toronto REALTORS® make a difference to quality of life in our city, please visit www.TorontoRealEstateBoard.com

Dianne Usher is President of the Toronto Real Estate Board,
a professional association that represents 37,000 REALTORS®
in the Greater Toronto Area.

Follow TREB on www.twitter.com/TREBhome, www.Facebook.com/TorontoRealEstateBoard and www.youtube.com/TREBChannel

Article source: http://www.torontorealestateboard.com/market_news/president_columns/pres_sun_col/index.htm