Steady GTA Resale Housing Market in May
June 4, 2008 -- The Greater Toronto Area resale housing market recorded 9,411 transactions in May,
Toronto Real Estate Board President Maureen O’Neill announced today.

GTA resale housing market moderate in April, but prices up
TORONTO, May 5, 2008 -- With 8,762 houses sold in the Greater Toronto Area, April’s resale
housing activity was down seven per cent from the record 9,452 transactions from the same
timeframe a year ago, Toronto Real Estate Board President Maureen O’Neill announced today.

Rising housing values and lack of inventory challenge first-time buyers
While higher housing values and tight inventory levels have hampered home-buying activity so far
this year, longer amortization periods and alternative housing types have offset the impact on
most major markets across the country, according to a report.

Condominium appreciation outpaces single-detached housing values in key GTA districts in 2007
Condominiums experienced unprecedented upward pressure on average price in 2007, surpassing
gains reported in the single-detached category for the first time in key GTA districts, including
the central core and west end.

Yonge Street defines Toronto’s best return on investment neighbourhoods in 2007
Demand for single detached homes along the Yonge Street corridor prompted double digit price
increases in the GTA’s top performing neighbourhoods.

2007 RE/MAX Market Outlook Report
Home buyers across the country will breathe a sigh of relief in 2007, thanks to a nationwide
influx of new listings that is expected to slow price appreciation in major Canadian centres.