For the January to April 2011 period, TREB

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1 An Analysis of January 1, April 30, 2011 For All Media Inquiries: (416) For All TREB Member Inquiries: (416) Rental Transactions Up 18 Per Cent For the January to April 2011 period, TREB Members reported 5,079 lease transactions for condominium apartments and townhomes. This result was up 18 per cent from 4,319 lease transactions reported during the same time-period in The number of rental units listed on the TorontoMLS rose 10 per cent to 9,374 units. The increase in listings reflects the high level of condominium apartment completions over the past year. Some investors chose to lease their units upon completion. With the number of transactions rising at a greater rate than the number of units available for rent, rental market conditions tightened. Average rental rates were up in comparison to last year. One-bedroom apartments rented for an average of $1,485 per month, up 1.5 per cent year-over-year. Two-bedroom apartment units rented for an average of $1,958 per month up 2.5 per cent compared to the first four months of See page 2 minium Apartment / Townhouse minium Apartment / Townhouse Bedroom Rentals Bedroom Average Rents 1, , $1,909 $1,703 $1,958 $1, Apt Townhouse Apt Townhouse 0 Apt 2010 Townhouse Apt 2011 Townhouse

2 Rental Transactions From page 1 Central Area In TREB s Central districts, Members reported lease transactions for 1,846 one-bedroom and 1,166 twobedroom apartments. One-bedroom apartments leased for an average of $1,547 per month, representing a 1.2 per cent increase compared to last year. Two-bedroom apartments leased for an average of $2,188 per month up 1.9 percent from There were 74 townhouse rentals in the Central districts. The most popular rentals were two-bedroom units that rented for an average of $2,028 per month an 8.4 per cent decrease from North Area Most condominium apartments leased in TREB s North districts were one-bedroom and two-bedroom units (189 and 173 units respectfuly). One- bedroom apartments rented for an average of $1,336 per month up 1.1 per cent from Two-bedroom apartments rented for an average of $1,708 per month up 0.6 per cent compared to There were 39 townhouse rentals in TREB s North districts. The majority (32) of these transactions involved three-bedroom units, which rented for an average of $1,796 per month, unchanged from last year. East Area In TREB s East districts, Members reported rental transactions for 129 one-bedroom apartments and 128 two-bedroom apartments. The one-bedroom units rented for an average of $1,253 per month up 1.4 per cent from last year. Two-bedroom apartments rented for an average of $1,455 per month down 1.0 per cent from There were 23 townhouses leased in TREB s East districts during the reporting period. Of these, 19 were three-bedroom units, which rented for an average of $1,447 per month down 2.0 per cent from West Area In TREB s West districts, 974 condominium apartments were rented during the first four months of Of these, 416 were one-bedroom units, which rented for an average of $1,351 per month up 3.9 per cent over last year. There were 518 two-bedroom apartment rentals, which leased for an average of $1,648 per month up 0.4 per cent compared to TREB s West districts accounted for the largest share of townhouse rentals during the reporting period, with 144 transactions in total. Of these, 102 were threebedroom units, which rented for an average of $1,693 per month up 7.2 per cent from last year. Total Apt Listed Rented Bachelor Avg Monthly 1-Bed Avg Monthly 2-Bed Avg Monthly 3-Bed Avg Monthly 8,694 4, $1,227 2,580 $1,485 1,985 $1, $2,347 Total Townhouse Listed Rented Bachelor Avg Monthly 1-Bed Avg Monthly 2-Bed Avg Monthly 3-Bed Avg Monthly $1, $1, $1,825 Grand Total: 9,374 5, $1,226 2,608 $1,484 2,062 $1, $2,026 2

3 Apt C01 2,803 1, $1,246 1,031 $1, $2, $3,343 C $1, $2, $3,902 2 $5,075 C $1,882 8 $2,347 9 $3,036 C $1,310 8 $2,323 1 $1,750 C $1,352 9 $1,586 2 $1,600 C $1, $1,764 8 $2,350 C $1, $1, $2,151 2 $5,100 C $1, $2,452 1 $4,800 C $1, $2,537 2 $3,850 C $1,158 1 $1, C $825 1 $1,600 9 $2, C $1, $1,730 1 $1,625 C $1, $1, $1, $2,494 C $1, $1, $2,106 2 $2,240 Total: 5,442 3, $1,237 1,846 $1,547 1,166 $2, $2,993 Townhouse C $1, $1,985 6 $3,167 C $2, C C $2, C $1,900 C $1, C $1,783 1 $1, C C C C $2,867 C $1,400 C $1, $1,922 8 $2,538 C $1,550 3 $3,517 Total: $1, $2, $2,80 Central Total: 5,624 3, $1,237 1,863 $1,547 1,201 $2, $2,941 3

4 Apt E $1, E $1,900 4 $2, E $1,250 6 $1,621 3 $1,358 E $1, $1,323 1 $1,750 E $1, $1,570 4 $1,688 E E $1, $1, E $1,275 5 $1, E $ $1, $1,484 6 $1,873 E $1,125 2 $1, E $1, $1,319 1 $1,600 E E $1,217 2 $1,400 2 $1,338 E $1,450 E $1,288 3 $1, E $ E $1,013 2 $1, E E E $1,050 1 $1, E Total: $ $1, $1, $1,641 Townhouse E $1, E E E $1, $1,450 E $1,508 E E $1,600 E E $1, E $1,400 E $1,375 E $1,400 E $1,400 E $1,300 E $1,550 E $1,025 E E E E $1,750 E Total: $1,150 3 $1, $1,447 East Total: $ $1, $1, $1,541 4

5 Apt N $1,788 4 $1,938 N $1, $1, N $1, $1, $1,680 4 $2,088 N $2, N N $1,375 4 $1, N N $1, $1,648 1 $1,675 N $1,293 4 $1,125 1 $1,400 N $1, $1,738 2 $1,925 N N N N N N N N $1, N N N N N Total: $1, $1, $1, $1,919 Townhouse N $1,374 4 $2,008 N $1, $1,921 N $1,821 N $1,975 N N N $1,350 N N N $1, $1,659 N N N N N N N N N N N N N Total: $1,433 4 $1, $1,796 North Total: $1, $1, $1, $1,829 5

6 Apt W $1, $1, $1, W $1,098 5 $1,880 1 $2,200 W $1,450 1 $1,600 W $1,075 1 $1, W $1,263 9 $1, W $1, $2,005 2 $4,298 W $1,440 9 $1,806 1 $1,500 W $1, $1, $1,829 2 $1,625 W $1,359 1 $1,600 W $1, $1,352 2 $1,388 W $1, $1,973 2 $1,725 W $1,350 4 $1,469 1 $1,250 W $1,225 5 $1, W $1, $1, $1, $1,998 W $1,338 8 $1, W W $1,175 1 $1,300 W $1, $1,792 2 $1,275 W $1, $1, W $1,290 9 $2,025 1 $1,425 W $1,300 1 $1,450 W $1, $1,425 1 $1,600 W $1, $1,321 5 $1,385 W $1,117 3 $1, W W $1, W W $1, Total: 2, $1, $1, $1, $1,807 Townhouse W $1,650 1 $1,950 W $1,525 2 $1,700 W W $1,250 1 $1,375 W $1,000 5 $1,258 1 $1,600 W $1,748 4 $2,900 W W W $1, W $1, W $2,250 W $2,300 W $1,450 W $1,050 1 $1,350 4 $1,908 W $1,400 3 $1,567 W W $1,460 W $1, $1,540 W $1, $1, $1,629 W $1,375 2 $1, $1,719 W W $1, $1,467 W $1,417 W W W W W Total: $1, $1, $1,693 West Total: 6 2,393 1,118 6 $1, $1, $1, $1,722

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8 1400 Don Mills Road Toronto, Ontario, Canada M3B 3N1