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TRANSCRIPT
UUBDINFOU
Economic Dashboard March 31 2016
Indicator HighlightsNote Top symbol compares how Torontorsquos position has changed bottom symbol compares Torontorsquos performance to Canada
Geography
Unemployment Rate Toronto February 2016 (3 Month Average SA) Canada
Participation Rate Toronto February 2016 (3 Month Average SA) Canada
Employment Rate Toronto February 2016 (3 Month Average SA) Canada
Total Value of Building Permits Toronto January 2016 (3 Month Average) Canada
High Rise Buildings Under Construction Toronto March 2016 (skyscraperpagecom)
Office Vacancy Rate Toronto Q4 2015
Average House Price Toronto January 2016 Canada
Business Bankruptcies Toronto CMA Q4 2015 Canada
Employment Insurance Recipients Toronto January 2016 Canada
Inflation Rate Toronto CMA February 2016 (Year-to-Year) Canada
Retail Sales Toronto CMA January 2016 (3 Month Average SA) Canada
Negative
Same Month Last Year
78 67
640 658
590 613
$585 million $56 billion
137
61
$581477 $412821
146 1132
26620 579210
18 10
$619 billion $4218 billion
Caution
Previous Month
85 71
646 659
591 612
$614 million $68 billion
135
59
$626942 $467900
144 936
20250 488930
21 20
$653 billion $4365 billion
Positive
Most Recent Month
85 72
646 659
591 612
$527 million $53 billion
137
60
$719843 $483000
108 1031
24980 618700
17 14
$656 billion $4386 billion
Status
2
Business Climate Toronto Ranks Well Internationally ndash General Rankings
Rank Year Source Base 1 2015 PWC - Building Better Cities Global - 28 cities
1 2015 Christiersquos ndash Global Luxury Real Estate White Paper Global - 10 cities
1 2014 KPMGrsquos Comparative Alternatives Study ndash Focus on Tax Global - 51 cities
2 2014 KPMGrsquos Comparative Alternatives Study ndash Business Costs N America - 34 cities
3 2013 Aon Hewitt ndash People Risk Index Global - 138 metros
4 2014 PricewaterhouseCoopers - Cities of Opportunity Global - 30 cities
5 2015 Toronto Region Board of Trade ndash Scorecard on Prosperity Global - 24 metros
6 2015 fDI Magazine ndash American Cities of the Future N America - 10 cities
6 2015 Youthful Cities ndash The Worldrsquos Most Youthful Cities Global - 55 cities
8 2014 Boston Consulting Group ndash Destinations for Job-Seekers Global - 25 cities
10 2014 Forbes Magazine ndash Worldrsquos Most Influential Cities ndash 2014 Global - 58 cities
10 2013 Economist amp CitiGroup ndash City Competitiveness Index Global - 120 cities
12 2015 Arcadis ndash Sustainable Cities Index ndash 2015 Global - 50 cities
3
Business Climate Toronto Ranks Well Internationally ndash Sectoral Rankings
Rank Year Source Base 1 2015 The Economist ndash Best Place to Live Global - 50 cities
1 2015 Metropolis ndash The Worldrsquos Most Livable Cities Global - 10 cities
1 2014 Grosvenor ndash Index of Worldrsquos Most Resilient Cities Global - 50 cities
3 2015 National Taiwan University - Scientific Papers for Uni Global - 500 cities
4 2015 The Economist Intelligence Unit ndash Liveability Ranking Global - 140 cities
4 2015 Transit Score - Public Transit Coverage N America - 70 cities
8 2015 The Economist ndash The Safe Cities Index Global - 50 cities
9 2015 QS Best Student Cities ndash University Ranking Global - 9 cities
11 2015 ZYen Group ndash Global Financial Centres Index Global - 82 cities
15 2016 Mercer Consultingndash Quality of Living Ranking Survey Global - 230 cities
20 2015 Times Higher Education ndash World University Rankings Global - 400 universities
25 2015 Shanghai Jiao Tong University ndash University Rankings Global - 1000 universities
4
Real GDP Growth Toronto CMA
Moodys Conf Board
25
20
15
10
05
00
-05
Historical Forecast
13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4 16q1 16q2 16q3 16q4
Source Conference Board of Canada (December 18 2015) Moodyrsquos Analytics (March 9 2016)
5
Percent Change in GDP Toronto CMA
Quarterly Annual Conference Conference Oxford
Moodys Board Moodys Board Economics Average 13q1 104 055 13q2 213 114 13q3 044 060 13q4 032 044 397 201 436 344 14q1 063 022 14q2 118 175 14q3 102 123 14q4 095 044 329 321 272 307 15q1 -007 039 15q2 083 062 15q3 087 140 15q4 105 064 279 312 204 265 16q1 114 045 16q2 103 068 16q3 097 065 16q4 088 064 411 281 272 321
Source Conference Board of Canada (Dec 18 2015) Moodyrsquos Analytics (Mar 9 2016) Oxford Economics (Dec 24 2015)
6
(000
s)
Jobs in the City of Toronto Establishment Survey
1450
1400
1350
1300
1250
1200
1150
1100 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15
FTA Jan 1989
GST Jan 1991
NAFTA Jan 1994
DOT Com Bust 2001
SARS 2003
Global Credit Crisis 2008
EU Debt Crisis 2011
Source City Planning Division Research and Information
7
Jobs in the City of Toronto Establishment Survey
Manufacturing All-Sector Office amp Whse Institutional Retail Service Other Total Y-Y Change
1987 553800 256800 150100 145300 138900 31000 1275800 1988 584800 254500 154300 154100 142400 29300 1319300 43500 1989 614700 247300 159900 154800 146000 33800 1356500 37200 1990 614900 232900 164100 155200 149600 33400 1350100 -6500 1991 585800 195300 176900 141700 142600 29700 1272000 -78100 1992 571400 177200 174400 141000 139500 29400 1232900 -39000 1993 553200 160300 179600 136600 133900 28100 1191600 -41300 1994 535200 163100 176800 133700 132200 27900 1168900 -22700 1995 539000 162700 174300 133600 133300 27100 1169900 1000 1996 535500 163800 162800 133600 131300 26900 1153800 -16100 1997 548400 174500 158400 132900 135400 28900 1178500 24700 1998 560600 177800 159800 134600 136400 27800 1197000 18500 1999 594800 186200 165700 140100 140500 30900 1258100 61100 2000 601800 191100 179100 141600 143900 30900 1288400 30300 2001 602500 185500 176400 142900 146800 32300 1286300 -2000 2002 581500 180000 183300 143900 142500 32100 1263300 -23000 2003 573500 172100 189700 142600 142700 33100 1253700 -9600 2004 577500 169200 189100 144100 141900 35100 1257000 3300 2005 572600 163100 196900 148800 142200 38800 1262400 5500 2006 584900 154400 205500 149800 145500 38000 1278000 15600 2007 604200 149200 207800 151500 148900 40000 1301600 23600 2008 614700 143800 214400 147800 149600 40700 1310800 9200 2009 610900 130100 216500 142300 151000 42500 1293200 -17700 2010 623300 129500 213500 140500 150900 40500 1298300 5100 2011 627900 128600 219800 141600 155500 43900 1317300 19100 2012 638100 128200 218400 143300 158300 45100 1331500 14200 2013 656900 126100 222800 146800 164500 46700 1363900 32400 2014 663000 124600 233700 144500 170600 47900 1384400 20600 2015 693900 124000 231700 145300 176900 50500 1422300 37900
Source City Planning Division Research and Information
8
TTC Ridership (millions)
TTC Average Weekday Ridership TTC Moving Annual Total
300
350
400
450
500
550
1000
1100
1200
1300
1400
1500
1600
1700
1800
1900
90 92 94 96 98 00 02 04 06 08 10 12 14
Aver
age
Wee
kday
Rid
ersh
ip (T
hous
ands
)
Mov
ing
Annu
al T
otal
(Mill
ions
)
Source Toronto Transit Commission (December 2015)
9
TTC Ridership (millions)
(Millions)
Moving Annual Month-Month Year-Year Average Weekday Month-Month Year-Year Total Change Change Ridership Change Change
Nov-13 5245 02 24 17507 -06 20 Dec-13 5252 01 22 15674 -105 -53 Jan-14 5262 02 25 16508 53 28 Feb-14 5271 02 24 17337 50 18 Mar-14 5271 00 21 16648 -40 -04 Apr-14 5281 02 21 16819 10 19 May-14 5290 02 20 17001 11 24 Jun-14 5287 00 18 16504 -29 -12 Jul-14 5297 02 17 16028 -29 25 Aug-14 5301 01 16 15824 -13 13 Sep-14 5302 00 15 17391 99 -03 Oct-14 5315 02 15 18155 44 31 Nov-14 5335 04 17 18313 09 46 Dec-14 5348 02 18 15890 -132 14 Jan-15 5347 00 16 16969 68 28 Feb-15 5348 00 15 17393 25 03 Mar-15 5353 01 16 16893 -29 15 Apr-15 5357 01 15 17117 13 18 May-15 5362 01 14 17222 06 13 Jun-15 5360 00 14 16399 -48 -06 Jul-15 5355 -01 11 15944 -28 -05 Aug-15 5350 -01 09 15658 -18 -11 Sep-15 5349 00 09 17169 97 -13 Oct-15 5342 -01 05 17945 45 -12 Nov-15 5331 -01 04 17843 103 -15 Dec-15 5340 -02 02 16138 108 -21
Source Toronto Transit Commission
10
Unemployment Rate
City 905 Ontario Canada
11
10
9
8
7
6
5 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
11
Unemployment Rate
City 905 Ontario Canada Feb-15 81 67 69 69 Mar-15 77 67 69 68 Apr-15 75 67 68 68 May-15 76 64 65 68 Jun-15 73 61 65 68 Jul-15 67 61 65 68 Aug-15 74 72 68 70 Sep-15 79 65 69 71 Oct-15 76 63 68 70 Nov-15 83 60 69 70 Dec-15 87 58 67 71 Jan-16 86 59 67 72 Feb-16 83 66 68 73
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
12
Participation Rate
City 905 Ontario Canada
73
72
71
70
69
68
67
66
65
64
63 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
13
Participation Rate
City 905 Ontario Canada Feb-15 642 678 654 658 Mar-15 643 678 653 659 Apr-15 649 677 651 658 May-15 660 680 652 659 Jun-15 652 688 652 658 Jul-15 647 697 652 658 Aug-15 648 708 653 659 Sep-15 642 700 650 659 Oct-15 641 700 652 660 Nov-15 644 697 651 658 Dec-15 650 698 652 659 Jan-16 643 705 654 659 Feb-16 646 691 652 659
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
14
Employment Rate Employment Population age 15+
City 905 Ontario Canada 67
66
65
64
63
62
61
60
59
58
57
56 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
15
Employment Rate Employment Population age 15+
City 905 Ontario Canada Feb-15 590 633 609 613 Mar-15 594 633 608 614 Apr-15 601 631 607 613 May-15 610 637 610 614 Jun-15 604 646 610 613 Jul-15 604 655 610 613 Aug-15 600 657 609 613 Sep-15 592 655 605 612 Oct-15 592 656 608 613 Nov-15 591 655 606 612 Dec-15 593 658 609 612 Jan-16 588 663 610 612 Feb-16 592 645 608 611
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
16
Indexed Employment (Jan 2010 = 100)
City 905 Ontario Canada 118
116
114
112
110
108
106
104
102
100
98
96 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
17
Employment
City 905 Ontario Canada Feb-15 14093 16988 69006 178850 Mar-15 14199 17011 69030 179139 Apr-15 14381 17001 68896 178974
May-15 14604 17173 69281 179467 Jun-15 14482 17459 69401 179469 Jul-15 14490 17742 69427 179519
Aug-15 14401 17834 69399 179721 Sep-15 14224 17821 69112 179779 Oct-15 14243 17888 69416 180210 Nov-15 14226 17896 69331 179881 Dec-15 14301 18001 69661 180109 Jan-16 14180 18178 69859 180052 Feb-16 14308 17714 69747 180029
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
18
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver
100
90
80
70
60
50
40
30
20 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash (February2016) Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
19
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver Feb-15 74 76 71 50 50 59 Mar-15 72 77 71 55 54 60 Apr-15 72 79 68 57 59 61 May-15 71 84 66 58 63 61 Jun-15 69 87 65 61 59 61 Jul-15 66 89 64 68 57 60 Aug-15 68 89 64 70 56 57 Sep-15 69 87 63 70 60 58 Oct-15 71 87 63 69 61 59 Nov-15 70 86 63 69 62 58 Dec-15 70 87 62 70 63 57 Jan-16 71 86 63 77 65 57 Feb-16 72 87 65 84 68 61
Source Statistics Canada ndash Labour Force Survey Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
20
High Rise Buildings Under Construction North American Cities (Emporis)
250
200
150
100
50
111
212
69
30
84
36
4
23
53
17 28
9 10
24
116
149
76
40
98
43
23 23
42
13 18
9 12 13
0
March 2016
March 2015
Source wwwemporiscom - Updated March 14 2016
21
Tallest Buildings Under Construction City of Toronto
Building Address Metres Feet Floors Year 1 Number One Bloor 1 Bloor St E 257 844 75 2016 2 Harbour Plaza Residences East 90 Harbour St 233 764 66 2017 3 Eau de Soleil Sky Tower 2183 Lakeshore Blvd W 228 749 66 2018 4 Ten York 10 York St 224 735 65 2019 5 Harbour Plaza Residences West 1 York St 224 735 62 2017 6 Massey Tower 197 Yonge St 208 683 60 2018 7 YC Condos 460 Yonge St 199 651 60 2019 8 Wellesley on the Park 11 Wellesley St W 194 637 60 2017 9 88 Scott 88 Scott St 204 669 58 2017 10 E Condos South 8 Eglinton E 196 642 58 2017 11 CASA II 42 Charles St E 185 605 57 2016 12 The Residences of 488 University Avenue 488 University Ave 207 679 55 2018 13 CASA III 50 Charles St E 180 589 55 2017 14 INDX Condominiums 66 Temperance St 179 587 54 2016 15 Karma 9 Grenville St 166 544 50 2016 16 Eau de Soleil Water Tower 2183 Lakeshore Blvd W 181 593 49 2018 17 Lagos at the Waterfront 2151 Lake Shore Blvd W 168 550 49 2016 18 87 Peter 87 Peter St 154 505 49 2017 19 Lighthouse Tower Condominium 132 Queens Quay E 182 598 48 2019 20 King Blue by Greenland North Tower 355 King St W 156 511 48 2018 21 Westlake Encore 10 Park Lawn Rd 147 481 45 2018 22 Bay-Adelaide Centre East Tower 333 Bay St 196 643 44 2016 23 Monde 12 Bonnycastle St 150 492 44 2017 24 King Blue by Greenland South Tower 355 King St W 140 461 44 2018 25 Alto 2205 Sheppard Ave E 130 427 43 2016 26 Bisha Hotel amp Residences 56 Blue Jay Way 147 482 41 2016 27 The Britt 955 Bay St 139 456 41 2017 28 Studio2 on Richmond 199 Richmond St W 131 430 41 2016 29 The Bond 290 Adelaide St W 122 402 41 2016 30 EY Tower 100 Adelaide St W 188 617 40 2017 31 Cumberland at Yorkville Plaza Cumberland St amp Avenue Rd 125 409 39 2017 32 21 Dundas 21 Dundas St 122 400 39 2016 33 E Condos North 8 Eglinton Ave E 123 403 38 2017 34 The Madison West 79 Dunfield Ave 121 397 36 2015 35 One York Street 1 York St 174 569 35 2016 36 Avani 1 at Metrogate 2055 Kennedy Rd 117 384 35 2016
Source This list was composed on March 14 2016 from the CTBUH Tall Buildings Database amp other sources
22
High Rise Buildings Under Construction North American Cities (Skyscraperpage)
0
20
40
60
80
100
120
140
160
70+ 60-69 50-59 40-49 30-39 20-29 9-19
Source wwwskyscraperpagecom - Updated March 14 2016
23
High Rise Buildings Under Construction City of Toronto by number of floors
Floors Number of Buildings Total Floors Percent of Total 70+ 1 75 19 60-69 7 439 108 50-59 11 452 112 40-49 20 790 195 30-39 25 957 236 20-29 22 517 128 9-19 51 823 203 Total 137 4053 1000
Source wwwskyscraperpagecom - Updated March 14 2016
24
Total Value of Building Permits City and ldquo905rdquo area
$20
City 905
$18
$16
$14
$12
$10
Bill
ions
$08
$06
$04
$02
$00 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
25
Total Value of Building Permits City and ldquo905rdquo area
3MMA 12MMA Billions $ Billions $
City 905 City 905 Jan-15 $058 $068 $057 $070 Feb-15 $048 $055 $054 $068 Mar-15 $043 $063 $055 $072 Apr-15 $084 $069 $063 $075 May-15 $088 $090 $064 $078 Jun-15 $087 $101 $062 $080 Jul-15 $049 $111 $063 $082 Aug-15 $075 $110 $065 $084 Sep-15 $069 $104 $065 $087 Oct-15 $074 $091 $065 $085 Nov-15 $049 $086 $065 $085 Dec-15 $061 $077 $066 $084 Jan-16 $053 $071 $063 $084
Source Statistics Canada 3 month amp 12 month moving averages
26
Value of ICI Building Permits City and ldquo905rdquo area
$900
City 905
$800
$700
$600
$500
ons
$400 Mill
i
$300
$200
$100
$0 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
27
Value of ICI Building Permits City and ldquo905rdquo area
3MMA 12MMA Millions $ Millions $
City 905 City 905 Jan-15 $2121 $1851 $2144 $2443 Feb-15 $2277 $1407 $2090 $2454 Mar-15 $2010 $1622 $2096 $2529 Apr-15 $5057 $1846 $2810 $2534 May-15 $5224 $2473 $2920 $2610 Jun-15 $5270 $3074 $2923 $2635 Jul-15 $2202 $3229 $2905 $2664 Aug-15 $3347 $3007 $3170 $2696 Sep-15 $3164 $2338 $3200 $2666 Oct-15 $3405 $2171 $3078 $2333 Nov-15 $1922 $2259 $3067 $2318 Dec-15 $2092 $2288 $3123 $2268 Jan-16 $1781 $2321 $3011 $2311
Source Statistics Canada 3 month amp 12 month moving averages
28
Value of Building Permits City of Toronto
$0
$100
$200
$300
$400
$500
$600
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Mill
ions
Residential Commercial Industrial Institutional
Source Statistics Canada 3 month moving averages (January2016)
29
Value of Building Permits City of Toronto
3MMA 12 MMA Millions $ Millions $
Residential Commercial Industrial Institutional Residential Commercial Industrial Institutional Jan-15 3725 1522 270 329 3569 1632 190 322 Feb-15 2567 1513 476 288 3324 1529 244 317 Mar-15 2300 1508 290 211 3388 1526 244 326 Apr-15 3324 1718 343 2996 3533 1589 254 967 May-15 3582 2077 121 3027 3433 1704 258 958 Jun-15 3382 2000 218 3051 3320 1694 264 965 Jul-15 2650 1656 202 343 3419 1687 243 975 Aug-15 4131 2812 197 339 3319 2008 239 923 Sep-15 3765 2705 186 273 3270 2002 259 939 Oct-15 4026 2701 150 553 3374 1850 246 981 Nov-15 2980 1124 219 579 3402 1831 246 990 Dec-15 4045 1244 145 703 3430 1857 240 1026 Jan-16 3486 1238 167 377 3314 1809 203 1000
Source Statistics Canada 3 month amp 12 month moving averages
30
Office Vacancy Rate amp Occupied Space Toronto Region
-150
-100
-050
000
050
100
150
200
4
5
6
7
8
9
10
11
12
13
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Vaca
ncy
Rat
e (li
nes)
City of Toronto 905
Change in O
ccupied Space (bars -millions sqft)
Source Cushman amp Wakefield
31
Office Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft)
City of Toronto 905 City of Toronto 905 11q1 64 96 054 006 11q2 62 96 030 -004 11q3 56 92 071 043 11q4 54 97 086 -010 12q1 55 94 -019 014 12q2 54 99 010 001 12q3 54 99 027 045 12q4 56 102 -036 005 13q1 55 97 009 025 13q2 53 103 009 -018 13q3 57 108 -079 -017 13q4 61 106 162 028 14q1 67 113 -088 -040 14q2 65 110 016 023 14q3 61 111 050 021 14q4 61 112 144 042 15q1 62 112 -047 040 15q2 62 121 -011 -001 15q3 59 116 049 026 15q4 60 113 -005 018
Source Cushman amp Wakefield
32
Quarterly Change in Occupied Office Space Toronto Region
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Downtown Rest of City 905
Source Cushman amp Wakefield
33
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Indicator HighlightsNote Top symbol compares how Torontorsquos position has changed bottom symbol compares Torontorsquos performance to Canada
Geography
Unemployment Rate Toronto February 2016 (3 Month Average SA) Canada
Participation Rate Toronto February 2016 (3 Month Average SA) Canada
Employment Rate Toronto February 2016 (3 Month Average SA) Canada
Total Value of Building Permits Toronto January 2016 (3 Month Average) Canada
High Rise Buildings Under Construction Toronto March 2016 (skyscraperpagecom)
Office Vacancy Rate Toronto Q4 2015
Average House Price Toronto January 2016 Canada
Business Bankruptcies Toronto CMA Q4 2015 Canada
Employment Insurance Recipients Toronto January 2016 Canada
Inflation Rate Toronto CMA February 2016 (Year-to-Year) Canada
Retail Sales Toronto CMA January 2016 (3 Month Average SA) Canada
Negative
Same Month Last Year
78 67
640 658
590 613
$585 million $56 billion
137
61
$581477 $412821
146 1132
26620 579210
18 10
$619 billion $4218 billion
Caution
Previous Month
85 71
646 659
591 612
$614 million $68 billion
135
59
$626942 $467900
144 936
20250 488930
21 20
$653 billion $4365 billion
Positive
Most Recent Month
85 72
646 659
591 612
$527 million $53 billion
137
60
$719843 $483000
108 1031
24980 618700
17 14
$656 billion $4386 billion
Status
2
Business Climate Toronto Ranks Well Internationally ndash General Rankings
Rank Year Source Base 1 2015 PWC - Building Better Cities Global - 28 cities
1 2015 Christiersquos ndash Global Luxury Real Estate White Paper Global - 10 cities
1 2014 KPMGrsquos Comparative Alternatives Study ndash Focus on Tax Global - 51 cities
2 2014 KPMGrsquos Comparative Alternatives Study ndash Business Costs N America - 34 cities
3 2013 Aon Hewitt ndash People Risk Index Global - 138 metros
4 2014 PricewaterhouseCoopers - Cities of Opportunity Global - 30 cities
5 2015 Toronto Region Board of Trade ndash Scorecard on Prosperity Global - 24 metros
6 2015 fDI Magazine ndash American Cities of the Future N America - 10 cities
6 2015 Youthful Cities ndash The Worldrsquos Most Youthful Cities Global - 55 cities
8 2014 Boston Consulting Group ndash Destinations for Job-Seekers Global - 25 cities
10 2014 Forbes Magazine ndash Worldrsquos Most Influential Cities ndash 2014 Global - 58 cities
10 2013 Economist amp CitiGroup ndash City Competitiveness Index Global - 120 cities
12 2015 Arcadis ndash Sustainable Cities Index ndash 2015 Global - 50 cities
3
Business Climate Toronto Ranks Well Internationally ndash Sectoral Rankings
Rank Year Source Base 1 2015 The Economist ndash Best Place to Live Global - 50 cities
1 2015 Metropolis ndash The Worldrsquos Most Livable Cities Global - 10 cities
1 2014 Grosvenor ndash Index of Worldrsquos Most Resilient Cities Global - 50 cities
3 2015 National Taiwan University - Scientific Papers for Uni Global - 500 cities
4 2015 The Economist Intelligence Unit ndash Liveability Ranking Global - 140 cities
4 2015 Transit Score - Public Transit Coverage N America - 70 cities
8 2015 The Economist ndash The Safe Cities Index Global - 50 cities
9 2015 QS Best Student Cities ndash University Ranking Global - 9 cities
11 2015 ZYen Group ndash Global Financial Centres Index Global - 82 cities
15 2016 Mercer Consultingndash Quality of Living Ranking Survey Global - 230 cities
20 2015 Times Higher Education ndash World University Rankings Global - 400 universities
25 2015 Shanghai Jiao Tong University ndash University Rankings Global - 1000 universities
4
Real GDP Growth Toronto CMA
Moodys Conf Board
25
20
15
10
05
00
-05
Historical Forecast
13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4 16q1 16q2 16q3 16q4
Source Conference Board of Canada (December 18 2015) Moodyrsquos Analytics (March 9 2016)
5
Percent Change in GDP Toronto CMA
Quarterly Annual Conference Conference Oxford
Moodys Board Moodys Board Economics Average 13q1 104 055 13q2 213 114 13q3 044 060 13q4 032 044 397 201 436 344 14q1 063 022 14q2 118 175 14q3 102 123 14q4 095 044 329 321 272 307 15q1 -007 039 15q2 083 062 15q3 087 140 15q4 105 064 279 312 204 265 16q1 114 045 16q2 103 068 16q3 097 065 16q4 088 064 411 281 272 321
Source Conference Board of Canada (Dec 18 2015) Moodyrsquos Analytics (Mar 9 2016) Oxford Economics (Dec 24 2015)
6
(000
s)
Jobs in the City of Toronto Establishment Survey
1450
1400
1350
1300
1250
1200
1150
1100 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15
FTA Jan 1989
GST Jan 1991
NAFTA Jan 1994
DOT Com Bust 2001
SARS 2003
Global Credit Crisis 2008
EU Debt Crisis 2011
Source City Planning Division Research and Information
7
Jobs in the City of Toronto Establishment Survey
Manufacturing All-Sector Office amp Whse Institutional Retail Service Other Total Y-Y Change
1987 553800 256800 150100 145300 138900 31000 1275800 1988 584800 254500 154300 154100 142400 29300 1319300 43500 1989 614700 247300 159900 154800 146000 33800 1356500 37200 1990 614900 232900 164100 155200 149600 33400 1350100 -6500 1991 585800 195300 176900 141700 142600 29700 1272000 -78100 1992 571400 177200 174400 141000 139500 29400 1232900 -39000 1993 553200 160300 179600 136600 133900 28100 1191600 -41300 1994 535200 163100 176800 133700 132200 27900 1168900 -22700 1995 539000 162700 174300 133600 133300 27100 1169900 1000 1996 535500 163800 162800 133600 131300 26900 1153800 -16100 1997 548400 174500 158400 132900 135400 28900 1178500 24700 1998 560600 177800 159800 134600 136400 27800 1197000 18500 1999 594800 186200 165700 140100 140500 30900 1258100 61100 2000 601800 191100 179100 141600 143900 30900 1288400 30300 2001 602500 185500 176400 142900 146800 32300 1286300 -2000 2002 581500 180000 183300 143900 142500 32100 1263300 -23000 2003 573500 172100 189700 142600 142700 33100 1253700 -9600 2004 577500 169200 189100 144100 141900 35100 1257000 3300 2005 572600 163100 196900 148800 142200 38800 1262400 5500 2006 584900 154400 205500 149800 145500 38000 1278000 15600 2007 604200 149200 207800 151500 148900 40000 1301600 23600 2008 614700 143800 214400 147800 149600 40700 1310800 9200 2009 610900 130100 216500 142300 151000 42500 1293200 -17700 2010 623300 129500 213500 140500 150900 40500 1298300 5100 2011 627900 128600 219800 141600 155500 43900 1317300 19100 2012 638100 128200 218400 143300 158300 45100 1331500 14200 2013 656900 126100 222800 146800 164500 46700 1363900 32400 2014 663000 124600 233700 144500 170600 47900 1384400 20600 2015 693900 124000 231700 145300 176900 50500 1422300 37900
Source City Planning Division Research and Information
8
TTC Ridership (millions)
TTC Average Weekday Ridership TTC Moving Annual Total
300
350
400
450
500
550
1000
1100
1200
1300
1400
1500
1600
1700
1800
1900
90 92 94 96 98 00 02 04 06 08 10 12 14
Aver
age
Wee
kday
Rid
ersh
ip (T
hous
ands
)
Mov
ing
Annu
al T
otal
(Mill
ions
)
Source Toronto Transit Commission (December 2015)
9
TTC Ridership (millions)
(Millions)
Moving Annual Month-Month Year-Year Average Weekday Month-Month Year-Year Total Change Change Ridership Change Change
Nov-13 5245 02 24 17507 -06 20 Dec-13 5252 01 22 15674 -105 -53 Jan-14 5262 02 25 16508 53 28 Feb-14 5271 02 24 17337 50 18 Mar-14 5271 00 21 16648 -40 -04 Apr-14 5281 02 21 16819 10 19 May-14 5290 02 20 17001 11 24 Jun-14 5287 00 18 16504 -29 -12 Jul-14 5297 02 17 16028 -29 25 Aug-14 5301 01 16 15824 -13 13 Sep-14 5302 00 15 17391 99 -03 Oct-14 5315 02 15 18155 44 31 Nov-14 5335 04 17 18313 09 46 Dec-14 5348 02 18 15890 -132 14 Jan-15 5347 00 16 16969 68 28 Feb-15 5348 00 15 17393 25 03 Mar-15 5353 01 16 16893 -29 15 Apr-15 5357 01 15 17117 13 18 May-15 5362 01 14 17222 06 13 Jun-15 5360 00 14 16399 -48 -06 Jul-15 5355 -01 11 15944 -28 -05 Aug-15 5350 -01 09 15658 -18 -11 Sep-15 5349 00 09 17169 97 -13 Oct-15 5342 -01 05 17945 45 -12 Nov-15 5331 -01 04 17843 103 -15 Dec-15 5340 -02 02 16138 108 -21
Source Toronto Transit Commission
10
Unemployment Rate
City 905 Ontario Canada
11
10
9
8
7
6
5 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
11
Unemployment Rate
City 905 Ontario Canada Feb-15 81 67 69 69 Mar-15 77 67 69 68 Apr-15 75 67 68 68 May-15 76 64 65 68 Jun-15 73 61 65 68 Jul-15 67 61 65 68 Aug-15 74 72 68 70 Sep-15 79 65 69 71 Oct-15 76 63 68 70 Nov-15 83 60 69 70 Dec-15 87 58 67 71 Jan-16 86 59 67 72 Feb-16 83 66 68 73
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
12
Participation Rate
City 905 Ontario Canada
73
72
71
70
69
68
67
66
65
64
63 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
13
Participation Rate
City 905 Ontario Canada Feb-15 642 678 654 658 Mar-15 643 678 653 659 Apr-15 649 677 651 658 May-15 660 680 652 659 Jun-15 652 688 652 658 Jul-15 647 697 652 658 Aug-15 648 708 653 659 Sep-15 642 700 650 659 Oct-15 641 700 652 660 Nov-15 644 697 651 658 Dec-15 650 698 652 659 Jan-16 643 705 654 659 Feb-16 646 691 652 659
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
14
Employment Rate Employment Population age 15+
City 905 Ontario Canada 67
66
65
64
63
62
61
60
59
58
57
56 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
15
Employment Rate Employment Population age 15+
City 905 Ontario Canada Feb-15 590 633 609 613 Mar-15 594 633 608 614 Apr-15 601 631 607 613 May-15 610 637 610 614 Jun-15 604 646 610 613 Jul-15 604 655 610 613 Aug-15 600 657 609 613 Sep-15 592 655 605 612 Oct-15 592 656 608 613 Nov-15 591 655 606 612 Dec-15 593 658 609 612 Jan-16 588 663 610 612 Feb-16 592 645 608 611
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
16
Indexed Employment (Jan 2010 = 100)
City 905 Ontario Canada 118
116
114
112
110
108
106
104
102
100
98
96 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
17
Employment
City 905 Ontario Canada Feb-15 14093 16988 69006 178850 Mar-15 14199 17011 69030 179139 Apr-15 14381 17001 68896 178974
May-15 14604 17173 69281 179467 Jun-15 14482 17459 69401 179469 Jul-15 14490 17742 69427 179519
Aug-15 14401 17834 69399 179721 Sep-15 14224 17821 69112 179779 Oct-15 14243 17888 69416 180210 Nov-15 14226 17896 69331 179881 Dec-15 14301 18001 69661 180109 Jan-16 14180 18178 69859 180052 Feb-16 14308 17714 69747 180029
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
18
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver
100
90
80
70
60
50
40
30
20 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash (February2016) Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
19
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver Feb-15 74 76 71 50 50 59 Mar-15 72 77 71 55 54 60 Apr-15 72 79 68 57 59 61 May-15 71 84 66 58 63 61 Jun-15 69 87 65 61 59 61 Jul-15 66 89 64 68 57 60 Aug-15 68 89 64 70 56 57 Sep-15 69 87 63 70 60 58 Oct-15 71 87 63 69 61 59 Nov-15 70 86 63 69 62 58 Dec-15 70 87 62 70 63 57 Jan-16 71 86 63 77 65 57 Feb-16 72 87 65 84 68 61
Source Statistics Canada ndash Labour Force Survey Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
20
High Rise Buildings Under Construction North American Cities (Emporis)
250
200
150
100
50
111
212
69
30
84
36
4
23
53
17 28
9 10
24
116
149
76
40
98
43
23 23
42
13 18
9 12 13
0
March 2016
March 2015
Source wwwemporiscom - Updated March 14 2016
21
Tallest Buildings Under Construction City of Toronto
Building Address Metres Feet Floors Year 1 Number One Bloor 1 Bloor St E 257 844 75 2016 2 Harbour Plaza Residences East 90 Harbour St 233 764 66 2017 3 Eau de Soleil Sky Tower 2183 Lakeshore Blvd W 228 749 66 2018 4 Ten York 10 York St 224 735 65 2019 5 Harbour Plaza Residences West 1 York St 224 735 62 2017 6 Massey Tower 197 Yonge St 208 683 60 2018 7 YC Condos 460 Yonge St 199 651 60 2019 8 Wellesley on the Park 11 Wellesley St W 194 637 60 2017 9 88 Scott 88 Scott St 204 669 58 2017 10 E Condos South 8 Eglinton E 196 642 58 2017 11 CASA II 42 Charles St E 185 605 57 2016 12 The Residences of 488 University Avenue 488 University Ave 207 679 55 2018 13 CASA III 50 Charles St E 180 589 55 2017 14 INDX Condominiums 66 Temperance St 179 587 54 2016 15 Karma 9 Grenville St 166 544 50 2016 16 Eau de Soleil Water Tower 2183 Lakeshore Blvd W 181 593 49 2018 17 Lagos at the Waterfront 2151 Lake Shore Blvd W 168 550 49 2016 18 87 Peter 87 Peter St 154 505 49 2017 19 Lighthouse Tower Condominium 132 Queens Quay E 182 598 48 2019 20 King Blue by Greenland North Tower 355 King St W 156 511 48 2018 21 Westlake Encore 10 Park Lawn Rd 147 481 45 2018 22 Bay-Adelaide Centre East Tower 333 Bay St 196 643 44 2016 23 Monde 12 Bonnycastle St 150 492 44 2017 24 King Blue by Greenland South Tower 355 King St W 140 461 44 2018 25 Alto 2205 Sheppard Ave E 130 427 43 2016 26 Bisha Hotel amp Residences 56 Blue Jay Way 147 482 41 2016 27 The Britt 955 Bay St 139 456 41 2017 28 Studio2 on Richmond 199 Richmond St W 131 430 41 2016 29 The Bond 290 Adelaide St W 122 402 41 2016 30 EY Tower 100 Adelaide St W 188 617 40 2017 31 Cumberland at Yorkville Plaza Cumberland St amp Avenue Rd 125 409 39 2017 32 21 Dundas 21 Dundas St 122 400 39 2016 33 E Condos North 8 Eglinton Ave E 123 403 38 2017 34 The Madison West 79 Dunfield Ave 121 397 36 2015 35 One York Street 1 York St 174 569 35 2016 36 Avani 1 at Metrogate 2055 Kennedy Rd 117 384 35 2016
Source This list was composed on March 14 2016 from the CTBUH Tall Buildings Database amp other sources
22
High Rise Buildings Under Construction North American Cities (Skyscraperpage)
0
20
40
60
80
100
120
140
160
70+ 60-69 50-59 40-49 30-39 20-29 9-19
Source wwwskyscraperpagecom - Updated March 14 2016
23
High Rise Buildings Under Construction City of Toronto by number of floors
Floors Number of Buildings Total Floors Percent of Total 70+ 1 75 19 60-69 7 439 108 50-59 11 452 112 40-49 20 790 195 30-39 25 957 236 20-29 22 517 128 9-19 51 823 203 Total 137 4053 1000
Source wwwskyscraperpagecom - Updated March 14 2016
24
Total Value of Building Permits City and ldquo905rdquo area
$20
City 905
$18
$16
$14
$12
$10
Bill
ions
$08
$06
$04
$02
$00 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
25
Total Value of Building Permits City and ldquo905rdquo area
3MMA 12MMA Billions $ Billions $
City 905 City 905 Jan-15 $058 $068 $057 $070 Feb-15 $048 $055 $054 $068 Mar-15 $043 $063 $055 $072 Apr-15 $084 $069 $063 $075 May-15 $088 $090 $064 $078 Jun-15 $087 $101 $062 $080 Jul-15 $049 $111 $063 $082 Aug-15 $075 $110 $065 $084 Sep-15 $069 $104 $065 $087 Oct-15 $074 $091 $065 $085 Nov-15 $049 $086 $065 $085 Dec-15 $061 $077 $066 $084 Jan-16 $053 $071 $063 $084
Source Statistics Canada 3 month amp 12 month moving averages
26
Value of ICI Building Permits City and ldquo905rdquo area
$900
City 905
$800
$700
$600
$500
ons
$400 Mill
i
$300
$200
$100
$0 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
27
Value of ICI Building Permits City and ldquo905rdquo area
3MMA 12MMA Millions $ Millions $
City 905 City 905 Jan-15 $2121 $1851 $2144 $2443 Feb-15 $2277 $1407 $2090 $2454 Mar-15 $2010 $1622 $2096 $2529 Apr-15 $5057 $1846 $2810 $2534 May-15 $5224 $2473 $2920 $2610 Jun-15 $5270 $3074 $2923 $2635 Jul-15 $2202 $3229 $2905 $2664 Aug-15 $3347 $3007 $3170 $2696 Sep-15 $3164 $2338 $3200 $2666 Oct-15 $3405 $2171 $3078 $2333 Nov-15 $1922 $2259 $3067 $2318 Dec-15 $2092 $2288 $3123 $2268 Jan-16 $1781 $2321 $3011 $2311
Source Statistics Canada 3 month amp 12 month moving averages
28
Value of Building Permits City of Toronto
$0
$100
$200
$300
$400
$500
$600
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Mill
ions
Residential Commercial Industrial Institutional
Source Statistics Canada 3 month moving averages (January2016)
29
Value of Building Permits City of Toronto
3MMA 12 MMA Millions $ Millions $
Residential Commercial Industrial Institutional Residential Commercial Industrial Institutional Jan-15 3725 1522 270 329 3569 1632 190 322 Feb-15 2567 1513 476 288 3324 1529 244 317 Mar-15 2300 1508 290 211 3388 1526 244 326 Apr-15 3324 1718 343 2996 3533 1589 254 967 May-15 3582 2077 121 3027 3433 1704 258 958 Jun-15 3382 2000 218 3051 3320 1694 264 965 Jul-15 2650 1656 202 343 3419 1687 243 975 Aug-15 4131 2812 197 339 3319 2008 239 923 Sep-15 3765 2705 186 273 3270 2002 259 939 Oct-15 4026 2701 150 553 3374 1850 246 981 Nov-15 2980 1124 219 579 3402 1831 246 990 Dec-15 4045 1244 145 703 3430 1857 240 1026 Jan-16 3486 1238 167 377 3314 1809 203 1000
Source Statistics Canada 3 month amp 12 month moving averages
30
Office Vacancy Rate amp Occupied Space Toronto Region
-150
-100
-050
000
050
100
150
200
4
5
6
7
8
9
10
11
12
13
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Vaca
ncy
Rat
e (li
nes)
City of Toronto 905
Change in O
ccupied Space (bars -millions sqft)
Source Cushman amp Wakefield
31
Office Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft)
City of Toronto 905 City of Toronto 905 11q1 64 96 054 006 11q2 62 96 030 -004 11q3 56 92 071 043 11q4 54 97 086 -010 12q1 55 94 -019 014 12q2 54 99 010 001 12q3 54 99 027 045 12q4 56 102 -036 005 13q1 55 97 009 025 13q2 53 103 009 -018 13q3 57 108 -079 -017 13q4 61 106 162 028 14q1 67 113 -088 -040 14q2 65 110 016 023 14q3 61 111 050 021 14q4 61 112 144 042 15q1 62 112 -047 040 15q2 62 121 -011 -001 15q3 59 116 049 026 15q4 60 113 -005 018
Source Cushman amp Wakefield
32
Quarterly Change in Occupied Office Space Toronto Region
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Downtown Rest of City 905
Source Cushman amp Wakefield
33
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Business Climate Toronto Ranks Well Internationally ndash General Rankings
Rank Year Source Base 1 2015 PWC - Building Better Cities Global - 28 cities
1 2015 Christiersquos ndash Global Luxury Real Estate White Paper Global - 10 cities
1 2014 KPMGrsquos Comparative Alternatives Study ndash Focus on Tax Global - 51 cities
2 2014 KPMGrsquos Comparative Alternatives Study ndash Business Costs N America - 34 cities
3 2013 Aon Hewitt ndash People Risk Index Global - 138 metros
4 2014 PricewaterhouseCoopers - Cities of Opportunity Global - 30 cities
5 2015 Toronto Region Board of Trade ndash Scorecard on Prosperity Global - 24 metros
6 2015 fDI Magazine ndash American Cities of the Future N America - 10 cities
6 2015 Youthful Cities ndash The Worldrsquos Most Youthful Cities Global - 55 cities
8 2014 Boston Consulting Group ndash Destinations for Job-Seekers Global - 25 cities
10 2014 Forbes Magazine ndash Worldrsquos Most Influential Cities ndash 2014 Global - 58 cities
10 2013 Economist amp CitiGroup ndash City Competitiveness Index Global - 120 cities
12 2015 Arcadis ndash Sustainable Cities Index ndash 2015 Global - 50 cities
3
Business Climate Toronto Ranks Well Internationally ndash Sectoral Rankings
Rank Year Source Base 1 2015 The Economist ndash Best Place to Live Global - 50 cities
1 2015 Metropolis ndash The Worldrsquos Most Livable Cities Global - 10 cities
1 2014 Grosvenor ndash Index of Worldrsquos Most Resilient Cities Global - 50 cities
3 2015 National Taiwan University - Scientific Papers for Uni Global - 500 cities
4 2015 The Economist Intelligence Unit ndash Liveability Ranking Global - 140 cities
4 2015 Transit Score - Public Transit Coverage N America - 70 cities
8 2015 The Economist ndash The Safe Cities Index Global - 50 cities
9 2015 QS Best Student Cities ndash University Ranking Global - 9 cities
11 2015 ZYen Group ndash Global Financial Centres Index Global - 82 cities
15 2016 Mercer Consultingndash Quality of Living Ranking Survey Global - 230 cities
20 2015 Times Higher Education ndash World University Rankings Global - 400 universities
25 2015 Shanghai Jiao Tong University ndash University Rankings Global - 1000 universities
4
Real GDP Growth Toronto CMA
Moodys Conf Board
25
20
15
10
05
00
-05
Historical Forecast
13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4 16q1 16q2 16q3 16q4
Source Conference Board of Canada (December 18 2015) Moodyrsquos Analytics (March 9 2016)
5
Percent Change in GDP Toronto CMA
Quarterly Annual Conference Conference Oxford
Moodys Board Moodys Board Economics Average 13q1 104 055 13q2 213 114 13q3 044 060 13q4 032 044 397 201 436 344 14q1 063 022 14q2 118 175 14q3 102 123 14q4 095 044 329 321 272 307 15q1 -007 039 15q2 083 062 15q3 087 140 15q4 105 064 279 312 204 265 16q1 114 045 16q2 103 068 16q3 097 065 16q4 088 064 411 281 272 321
Source Conference Board of Canada (Dec 18 2015) Moodyrsquos Analytics (Mar 9 2016) Oxford Economics (Dec 24 2015)
6
(000
s)
Jobs in the City of Toronto Establishment Survey
1450
1400
1350
1300
1250
1200
1150
1100 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15
FTA Jan 1989
GST Jan 1991
NAFTA Jan 1994
DOT Com Bust 2001
SARS 2003
Global Credit Crisis 2008
EU Debt Crisis 2011
Source City Planning Division Research and Information
7
Jobs in the City of Toronto Establishment Survey
Manufacturing All-Sector Office amp Whse Institutional Retail Service Other Total Y-Y Change
1987 553800 256800 150100 145300 138900 31000 1275800 1988 584800 254500 154300 154100 142400 29300 1319300 43500 1989 614700 247300 159900 154800 146000 33800 1356500 37200 1990 614900 232900 164100 155200 149600 33400 1350100 -6500 1991 585800 195300 176900 141700 142600 29700 1272000 -78100 1992 571400 177200 174400 141000 139500 29400 1232900 -39000 1993 553200 160300 179600 136600 133900 28100 1191600 -41300 1994 535200 163100 176800 133700 132200 27900 1168900 -22700 1995 539000 162700 174300 133600 133300 27100 1169900 1000 1996 535500 163800 162800 133600 131300 26900 1153800 -16100 1997 548400 174500 158400 132900 135400 28900 1178500 24700 1998 560600 177800 159800 134600 136400 27800 1197000 18500 1999 594800 186200 165700 140100 140500 30900 1258100 61100 2000 601800 191100 179100 141600 143900 30900 1288400 30300 2001 602500 185500 176400 142900 146800 32300 1286300 -2000 2002 581500 180000 183300 143900 142500 32100 1263300 -23000 2003 573500 172100 189700 142600 142700 33100 1253700 -9600 2004 577500 169200 189100 144100 141900 35100 1257000 3300 2005 572600 163100 196900 148800 142200 38800 1262400 5500 2006 584900 154400 205500 149800 145500 38000 1278000 15600 2007 604200 149200 207800 151500 148900 40000 1301600 23600 2008 614700 143800 214400 147800 149600 40700 1310800 9200 2009 610900 130100 216500 142300 151000 42500 1293200 -17700 2010 623300 129500 213500 140500 150900 40500 1298300 5100 2011 627900 128600 219800 141600 155500 43900 1317300 19100 2012 638100 128200 218400 143300 158300 45100 1331500 14200 2013 656900 126100 222800 146800 164500 46700 1363900 32400 2014 663000 124600 233700 144500 170600 47900 1384400 20600 2015 693900 124000 231700 145300 176900 50500 1422300 37900
Source City Planning Division Research and Information
8
TTC Ridership (millions)
TTC Average Weekday Ridership TTC Moving Annual Total
300
350
400
450
500
550
1000
1100
1200
1300
1400
1500
1600
1700
1800
1900
90 92 94 96 98 00 02 04 06 08 10 12 14
Aver
age
Wee
kday
Rid
ersh
ip (T
hous
ands
)
Mov
ing
Annu
al T
otal
(Mill
ions
)
Source Toronto Transit Commission (December 2015)
9
TTC Ridership (millions)
(Millions)
Moving Annual Month-Month Year-Year Average Weekday Month-Month Year-Year Total Change Change Ridership Change Change
Nov-13 5245 02 24 17507 -06 20 Dec-13 5252 01 22 15674 -105 -53 Jan-14 5262 02 25 16508 53 28 Feb-14 5271 02 24 17337 50 18 Mar-14 5271 00 21 16648 -40 -04 Apr-14 5281 02 21 16819 10 19 May-14 5290 02 20 17001 11 24 Jun-14 5287 00 18 16504 -29 -12 Jul-14 5297 02 17 16028 -29 25 Aug-14 5301 01 16 15824 -13 13 Sep-14 5302 00 15 17391 99 -03 Oct-14 5315 02 15 18155 44 31 Nov-14 5335 04 17 18313 09 46 Dec-14 5348 02 18 15890 -132 14 Jan-15 5347 00 16 16969 68 28 Feb-15 5348 00 15 17393 25 03 Mar-15 5353 01 16 16893 -29 15 Apr-15 5357 01 15 17117 13 18 May-15 5362 01 14 17222 06 13 Jun-15 5360 00 14 16399 -48 -06 Jul-15 5355 -01 11 15944 -28 -05 Aug-15 5350 -01 09 15658 -18 -11 Sep-15 5349 00 09 17169 97 -13 Oct-15 5342 -01 05 17945 45 -12 Nov-15 5331 -01 04 17843 103 -15 Dec-15 5340 -02 02 16138 108 -21
Source Toronto Transit Commission
10
Unemployment Rate
City 905 Ontario Canada
11
10
9
8
7
6
5 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
11
Unemployment Rate
City 905 Ontario Canada Feb-15 81 67 69 69 Mar-15 77 67 69 68 Apr-15 75 67 68 68 May-15 76 64 65 68 Jun-15 73 61 65 68 Jul-15 67 61 65 68 Aug-15 74 72 68 70 Sep-15 79 65 69 71 Oct-15 76 63 68 70 Nov-15 83 60 69 70 Dec-15 87 58 67 71 Jan-16 86 59 67 72 Feb-16 83 66 68 73
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
12
Participation Rate
City 905 Ontario Canada
73
72
71
70
69
68
67
66
65
64
63 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
13
Participation Rate
City 905 Ontario Canada Feb-15 642 678 654 658 Mar-15 643 678 653 659 Apr-15 649 677 651 658 May-15 660 680 652 659 Jun-15 652 688 652 658 Jul-15 647 697 652 658 Aug-15 648 708 653 659 Sep-15 642 700 650 659 Oct-15 641 700 652 660 Nov-15 644 697 651 658 Dec-15 650 698 652 659 Jan-16 643 705 654 659 Feb-16 646 691 652 659
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
14
Employment Rate Employment Population age 15+
City 905 Ontario Canada 67
66
65
64
63
62
61
60
59
58
57
56 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
15
Employment Rate Employment Population age 15+
City 905 Ontario Canada Feb-15 590 633 609 613 Mar-15 594 633 608 614 Apr-15 601 631 607 613 May-15 610 637 610 614 Jun-15 604 646 610 613 Jul-15 604 655 610 613 Aug-15 600 657 609 613 Sep-15 592 655 605 612 Oct-15 592 656 608 613 Nov-15 591 655 606 612 Dec-15 593 658 609 612 Jan-16 588 663 610 612 Feb-16 592 645 608 611
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
16
Indexed Employment (Jan 2010 = 100)
City 905 Ontario Canada 118
116
114
112
110
108
106
104
102
100
98
96 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
17
Employment
City 905 Ontario Canada Feb-15 14093 16988 69006 178850 Mar-15 14199 17011 69030 179139 Apr-15 14381 17001 68896 178974
May-15 14604 17173 69281 179467 Jun-15 14482 17459 69401 179469 Jul-15 14490 17742 69427 179519
Aug-15 14401 17834 69399 179721 Sep-15 14224 17821 69112 179779 Oct-15 14243 17888 69416 180210 Nov-15 14226 17896 69331 179881 Dec-15 14301 18001 69661 180109 Jan-16 14180 18178 69859 180052 Feb-16 14308 17714 69747 180029
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
18
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver
100
90
80
70
60
50
40
30
20 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash (February2016) Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
19
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver Feb-15 74 76 71 50 50 59 Mar-15 72 77 71 55 54 60 Apr-15 72 79 68 57 59 61 May-15 71 84 66 58 63 61 Jun-15 69 87 65 61 59 61 Jul-15 66 89 64 68 57 60 Aug-15 68 89 64 70 56 57 Sep-15 69 87 63 70 60 58 Oct-15 71 87 63 69 61 59 Nov-15 70 86 63 69 62 58 Dec-15 70 87 62 70 63 57 Jan-16 71 86 63 77 65 57 Feb-16 72 87 65 84 68 61
Source Statistics Canada ndash Labour Force Survey Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
20
High Rise Buildings Under Construction North American Cities (Emporis)
250
200
150
100
50
111
212
69
30
84
36
4
23
53
17 28
9 10
24
116
149
76
40
98
43
23 23
42
13 18
9 12 13
0
March 2016
March 2015
Source wwwemporiscom - Updated March 14 2016
21
Tallest Buildings Under Construction City of Toronto
Building Address Metres Feet Floors Year 1 Number One Bloor 1 Bloor St E 257 844 75 2016 2 Harbour Plaza Residences East 90 Harbour St 233 764 66 2017 3 Eau de Soleil Sky Tower 2183 Lakeshore Blvd W 228 749 66 2018 4 Ten York 10 York St 224 735 65 2019 5 Harbour Plaza Residences West 1 York St 224 735 62 2017 6 Massey Tower 197 Yonge St 208 683 60 2018 7 YC Condos 460 Yonge St 199 651 60 2019 8 Wellesley on the Park 11 Wellesley St W 194 637 60 2017 9 88 Scott 88 Scott St 204 669 58 2017 10 E Condos South 8 Eglinton E 196 642 58 2017 11 CASA II 42 Charles St E 185 605 57 2016 12 The Residences of 488 University Avenue 488 University Ave 207 679 55 2018 13 CASA III 50 Charles St E 180 589 55 2017 14 INDX Condominiums 66 Temperance St 179 587 54 2016 15 Karma 9 Grenville St 166 544 50 2016 16 Eau de Soleil Water Tower 2183 Lakeshore Blvd W 181 593 49 2018 17 Lagos at the Waterfront 2151 Lake Shore Blvd W 168 550 49 2016 18 87 Peter 87 Peter St 154 505 49 2017 19 Lighthouse Tower Condominium 132 Queens Quay E 182 598 48 2019 20 King Blue by Greenland North Tower 355 King St W 156 511 48 2018 21 Westlake Encore 10 Park Lawn Rd 147 481 45 2018 22 Bay-Adelaide Centre East Tower 333 Bay St 196 643 44 2016 23 Monde 12 Bonnycastle St 150 492 44 2017 24 King Blue by Greenland South Tower 355 King St W 140 461 44 2018 25 Alto 2205 Sheppard Ave E 130 427 43 2016 26 Bisha Hotel amp Residences 56 Blue Jay Way 147 482 41 2016 27 The Britt 955 Bay St 139 456 41 2017 28 Studio2 on Richmond 199 Richmond St W 131 430 41 2016 29 The Bond 290 Adelaide St W 122 402 41 2016 30 EY Tower 100 Adelaide St W 188 617 40 2017 31 Cumberland at Yorkville Plaza Cumberland St amp Avenue Rd 125 409 39 2017 32 21 Dundas 21 Dundas St 122 400 39 2016 33 E Condos North 8 Eglinton Ave E 123 403 38 2017 34 The Madison West 79 Dunfield Ave 121 397 36 2015 35 One York Street 1 York St 174 569 35 2016 36 Avani 1 at Metrogate 2055 Kennedy Rd 117 384 35 2016
Source This list was composed on March 14 2016 from the CTBUH Tall Buildings Database amp other sources
22
High Rise Buildings Under Construction North American Cities (Skyscraperpage)
0
20
40
60
80
100
120
140
160
70+ 60-69 50-59 40-49 30-39 20-29 9-19
Source wwwskyscraperpagecom - Updated March 14 2016
23
High Rise Buildings Under Construction City of Toronto by number of floors
Floors Number of Buildings Total Floors Percent of Total 70+ 1 75 19 60-69 7 439 108 50-59 11 452 112 40-49 20 790 195 30-39 25 957 236 20-29 22 517 128 9-19 51 823 203 Total 137 4053 1000
Source wwwskyscraperpagecom - Updated March 14 2016
24
Total Value of Building Permits City and ldquo905rdquo area
$20
City 905
$18
$16
$14
$12
$10
Bill
ions
$08
$06
$04
$02
$00 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
25
Total Value of Building Permits City and ldquo905rdquo area
3MMA 12MMA Billions $ Billions $
City 905 City 905 Jan-15 $058 $068 $057 $070 Feb-15 $048 $055 $054 $068 Mar-15 $043 $063 $055 $072 Apr-15 $084 $069 $063 $075 May-15 $088 $090 $064 $078 Jun-15 $087 $101 $062 $080 Jul-15 $049 $111 $063 $082 Aug-15 $075 $110 $065 $084 Sep-15 $069 $104 $065 $087 Oct-15 $074 $091 $065 $085 Nov-15 $049 $086 $065 $085 Dec-15 $061 $077 $066 $084 Jan-16 $053 $071 $063 $084
Source Statistics Canada 3 month amp 12 month moving averages
26
Value of ICI Building Permits City and ldquo905rdquo area
$900
City 905
$800
$700
$600
$500
ons
$400 Mill
i
$300
$200
$100
$0 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
27
Value of ICI Building Permits City and ldquo905rdquo area
3MMA 12MMA Millions $ Millions $
City 905 City 905 Jan-15 $2121 $1851 $2144 $2443 Feb-15 $2277 $1407 $2090 $2454 Mar-15 $2010 $1622 $2096 $2529 Apr-15 $5057 $1846 $2810 $2534 May-15 $5224 $2473 $2920 $2610 Jun-15 $5270 $3074 $2923 $2635 Jul-15 $2202 $3229 $2905 $2664 Aug-15 $3347 $3007 $3170 $2696 Sep-15 $3164 $2338 $3200 $2666 Oct-15 $3405 $2171 $3078 $2333 Nov-15 $1922 $2259 $3067 $2318 Dec-15 $2092 $2288 $3123 $2268 Jan-16 $1781 $2321 $3011 $2311
Source Statistics Canada 3 month amp 12 month moving averages
28
Value of Building Permits City of Toronto
$0
$100
$200
$300
$400
$500
$600
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Mill
ions
Residential Commercial Industrial Institutional
Source Statistics Canada 3 month moving averages (January2016)
29
Value of Building Permits City of Toronto
3MMA 12 MMA Millions $ Millions $
Residential Commercial Industrial Institutional Residential Commercial Industrial Institutional Jan-15 3725 1522 270 329 3569 1632 190 322 Feb-15 2567 1513 476 288 3324 1529 244 317 Mar-15 2300 1508 290 211 3388 1526 244 326 Apr-15 3324 1718 343 2996 3533 1589 254 967 May-15 3582 2077 121 3027 3433 1704 258 958 Jun-15 3382 2000 218 3051 3320 1694 264 965 Jul-15 2650 1656 202 343 3419 1687 243 975 Aug-15 4131 2812 197 339 3319 2008 239 923 Sep-15 3765 2705 186 273 3270 2002 259 939 Oct-15 4026 2701 150 553 3374 1850 246 981 Nov-15 2980 1124 219 579 3402 1831 246 990 Dec-15 4045 1244 145 703 3430 1857 240 1026 Jan-16 3486 1238 167 377 3314 1809 203 1000
Source Statistics Canada 3 month amp 12 month moving averages
30
Office Vacancy Rate amp Occupied Space Toronto Region
-150
-100
-050
000
050
100
150
200
4
5
6
7
8
9
10
11
12
13
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Vaca
ncy
Rat
e (li
nes)
City of Toronto 905
Change in O
ccupied Space (bars -millions sqft)
Source Cushman amp Wakefield
31
Office Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft)
City of Toronto 905 City of Toronto 905 11q1 64 96 054 006 11q2 62 96 030 -004 11q3 56 92 071 043 11q4 54 97 086 -010 12q1 55 94 -019 014 12q2 54 99 010 001 12q3 54 99 027 045 12q4 56 102 -036 005 13q1 55 97 009 025 13q2 53 103 009 -018 13q3 57 108 -079 -017 13q4 61 106 162 028 14q1 67 113 -088 -040 14q2 65 110 016 023 14q3 61 111 050 021 14q4 61 112 144 042 15q1 62 112 -047 040 15q2 62 121 -011 -001 15q3 59 116 049 026 15q4 60 113 -005 018
Source Cushman amp Wakefield
32
Quarterly Change in Occupied Office Space Toronto Region
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Downtown Rest of City 905
Source Cushman amp Wakefield
33
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Business Climate Toronto Ranks Well Internationally ndash Sectoral Rankings
Rank Year Source Base 1 2015 The Economist ndash Best Place to Live Global - 50 cities
1 2015 Metropolis ndash The Worldrsquos Most Livable Cities Global - 10 cities
1 2014 Grosvenor ndash Index of Worldrsquos Most Resilient Cities Global - 50 cities
3 2015 National Taiwan University - Scientific Papers for Uni Global - 500 cities
4 2015 The Economist Intelligence Unit ndash Liveability Ranking Global - 140 cities
4 2015 Transit Score - Public Transit Coverage N America - 70 cities
8 2015 The Economist ndash The Safe Cities Index Global - 50 cities
9 2015 QS Best Student Cities ndash University Ranking Global - 9 cities
11 2015 ZYen Group ndash Global Financial Centres Index Global - 82 cities
15 2016 Mercer Consultingndash Quality of Living Ranking Survey Global - 230 cities
20 2015 Times Higher Education ndash World University Rankings Global - 400 universities
25 2015 Shanghai Jiao Tong University ndash University Rankings Global - 1000 universities
4
Real GDP Growth Toronto CMA
Moodys Conf Board
25
20
15
10
05
00
-05
Historical Forecast
13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4 16q1 16q2 16q3 16q4
Source Conference Board of Canada (December 18 2015) Moodyrsquos Analytics (March 9 2016)
5
Percent Change in GDP Toronto CMA
Quarterly Annual Conference Conference Oxford
Moodys Board Moodys Board Economics Average 13q1 104 055 13q2 213 114 13q3 044 060 13q4 032 044 397 201 436 344 14q1 063 022 14q2 118 175 14q3 102 123 14q4 095 044 329 321 272 307 15q1 -007 039 15q2 083 062 15q3 087 140 15q4 105 064 279 312 204 265 16q1 114 045 16q2 103 068 16q3 097 065 16q4 088 064 411 281 272 321
Source Conference Board of Canada (Dec 18 2015) Moodyrsquos Analytics (Mar 9 2016) Oxford Economics (Dec 24 2015)
6
(000
s)
Jobs in the City of Toronto Establishment Survey
1450
1400
1350
1300
1250
1200
1150
1100 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15
FTA Jan 1989
GST Jan 1991
NAFTA Jan 1994
DOT Com Bust 2001
SARS 2003
Global Credit Crisis 2008
EU Debt Crisis 2011
Source City Planning Division Research and Information
7
Jobs in the City of Toronto Establishment Survey
Manufacturing All-Sector Office amp Whse Institutional Retail Service Other Total Y-Y Change
1987 553800 256800 150100 145300 138900 31000 1275800 1988 584800 254500 154300 154100 142400 29300 1319300 43500 1989 614700 247300 159900 154800 146000 33800 1356500 37200 1990 614900 232900 164100 155200 149600 33400 1350100 -6500 1991 585800 195300 176900 141700 142600 29700 1272000 -78100 1992 571400 177200 174400 141000 139500 29400 1232900 -39000 1993 553200 160300 179600 136600 133900 28100 1191600 -41300 1994 535200 163100 176800 133700 132200 27900 1168900 -22700 1995 539000 162700 174300 133600 133300 27100 1169900 1000 1996 535500 163800 162800 133600 131300 26900 1153800 -16100 1997 548400 174500 158400 132900 135400 28900 1178500 24700 1998 560600 177800 159800 134600 136400 27800 1197000 18500 1999 594800 186200 165700 140100 140500 30900 1258100 61100 2000 601800 191100 179100 141600 143900 30900 1288400 30300 2001 602500 185500 176400 142900 146800 32300 1286300 -2000 2002 581500 180000 183300 143900 142500 32100 1263300 -23000 2003 573500 172100 189700 142600 142700 33100 1253700 -9600 2004 577500 169200 189100 144100 141900 35100 1257000 3300 2005 572600 163100 196900 148800 142200 38800 1262400 5500 2006 584900 154400 205500 149800 145500 38000 1278000 15600 2007 604200 149200 207800 151500 148900 40000 1301600 23600 2008 614700 143800 214400 147800 149600 40700 1310800 9200 2009 610900 130100 216500 142300 151000 42500 1293200 -17700 2010 623300 129500 213500 140500 150900 40500 1298300 5100 2011 627900 128600 219800 141600 155500 43900 1317300 19100 2012 638100 128200 218400 143300 158300 45100 1331500 14200 2013 656900 126100 222800 146800 164500 46700 1363900 32400 2014 663000 124600 233700 144500 170600 47900 1384400 20600 2015 693900 124000 231700 145300 176900 50500 1422300 37900
Source City Planning Division Research and Information
8
TTC Ridership (millions)
TTC Average Weekday Ridership TTC Moving Annual Total
300
350
400
450
500
550
1000
1100
1200
1300
1400
1500
1600
1700
1800
1900
90 92 94 96 98 00 02 04 06 08 10 12 14
Aver
age
Wee
kday
Rid
ersh
ip (T
hous
ands
)
Mov
ing
Annu
al T
otal
(Mill
ions
)
Source Toronto Transit Commission (December 2015)
9
TTC Ridership (millions)
(Millions)
Moving Annual Month-Month Year-Year Average Weekday Month-Month Year-Year Total Change Change Ridership Change Change
Nov-13 5245 02 24 17507 -06 20 Dec-13 5252 01 22 15674 -105 -53 Jan-14 5262 02 25 16508 53 28 Feb-14 5271 02 24 17337 50 18 Mar-14 5271 00 21 16648 -40 -04 Apr-14 5281 02 21 16819 10 19 May-14 5290 02 20 17001 11 24 Jun-14 5287 00 18 16504 -29 -12 Jul-14 5297 02 17 16028 -29 25 Aug-14 5301 01 16 15824 -13 13 Sep-14 5302 00 15 17391 99 -03 Oct-14 5315 02 15 18155 44 31 Nov-14 5335 04 17 18313 09 46 Dec-14 5348 02 18 15890 -132 14 Jan-15 5347 00 16 16969 68 28 Feb-15 5348 00 15 17393 25 03 Mar-15 5353 01 16 16893 -29 15 Apr-15 5357 01 15 17117 13 18 May-15 5362 01 14 17222 06 13 Jun-15 5360 00 14 16399 -48 -06 Jul-15 5355 -01 11 15944 -28 -05 Aug-15 5350 -01 09 15658 -18 -11 Sep-15 5349 00 09 17169 97 -13 Oct-15 5342 -01 05 17945 45 -12 Nov-15 5331 -01 04 17843 103 -15 Dec-15 5340 -02 02 16138 108 -21
Source Toronto Transit Commission
10
Unemployment Rate
City 905 Ontario Canada
11
10
9
8
7
6
5 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
11
Unemployment Rate
City 905 Ontario Canada Feb-15 81 67 69 69 Mar-15 77 67 69 68 Apr-15 75 67 68 68 May-15 76 64 65 68 Jun-15 73 61 65 68 Jul-15 67 61 65 68 Aug-15 74 72 68 70 Sep-15 79 65 69 71 Oct-15 76 63 68 70 Nov-15 83 60 69 70 Dec-15 87 58 67 71 Jan-16 86 59 67 72 Feb-16 83 66 68 73
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
12
Participation Rate
City 905 Ontario Canada
73
72
71
70
69
68
67
66
65
64
63 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
13
Participation Rate
City 905 Ontario Canada Feb-15 642 678 654 658 Mar-15 643 678 653 659 Apr-15 649 677 651 658 May-15 660 680 652 659 Jun-15 652 688 652 658 Jul-15 647 697 652 658 Aug-15 648 708 653 659 Sep-15 642 700 650 659 Oct-15 641 700 652 660 Nov-15 644 697 651 658 Dec-15 650 698 652 659 Jan-16 643 705 654 659 Feb-16 646 691 652 659
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
14
Employment Rate Employment Population age 15+
City 905 Ontario Canada 67
66
65
64
63
62
61
60
59
58
57
56 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
15
Employment Rate Employment Population age 15+
City 905 Ontario Canada Feb-15 590 633 609 613 Mar-15 594 633 608 614 Apr-15 601 631 607 613 May-15 610 637 610 614 Jun-15 604 646 610 613 Jul-15 604 655 610 613 Aug-15 600 657 609 613 Sep-15 592 655 605 612 Oct-15 592 656 608 613 Nov-15 591 655 606 612 Dec-15 593 658 609 612 Jan-16 588 663 610 612 Feb-16 592 645 608 611
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
16
Indexed Employment (Jan 2010 = 100)
City 905 Ontario Canada 118
116
114
112
110
108
106
104
102
100
98
96 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
17
Employment
City 905 Ontario Canada Feb-15 14093 16988 69006 178850 Mar-15 14199 17011 69030 179139 Apr-15 14381 17001 68896 178974
May-15 14604 17173 69281 179467 Jun-15 14482 17459 69401 179469 Jul-15 14490 17742 69427 179519
Aug-15 14401 17834 69399 179721 Sep-15 14224 17821 69112 179779 Oct-15 14243 17888 69416 180210 Nov-15 14226 17896 69331 179881 Dec-15 14301 18001 69661 180109 Jan-16 14180 18178 69859 180052 Feb-16 14308 17714 69747 180029
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
18
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver
100
90
80
70
60
50
40
30
20 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash (February2016) Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
19
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver Feb-15 74 76 71 50 50 59 Mar-15 72 77 71 55 54 60 Apr-15 72 79 68 57 59 61 May-15 71 84 66 58 63 61 Jun-15 69 87 65 61 59 61 Jul-15 66 89 64 68 57 60 Aug-15 68 89 64 70 56 57 Sep-15 69 87 63 70 60 58 Oct-15 71 87 63 69 61 59 Nov-15 70 86 63 69 62 58 Dec-15 70 87 62 70 63 57 Jan-16 71 86 63 77 65 57 Feb-16 72 87 65 84 68 61
Source Statistics Canada ndash Labour Force Survey Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
20
High Rise Buildings Under Construction North American Cities (Emporis)
250
200
150
100
50
111
212
69
30
84
36
4
23
53
17 28
9 10
24
116
149
76
40
98
43
23 23
42
13 18
9 12 13
0
March 2016
March 2015
Source wwwemporiscom - Updated March 14 2016
21
Tallest Buildings Under Construction City of Toronto
Building Address Metres Feet Floors Year 1 Number One Bloor 1 Bloor St E 257 844 75 2016 2 Harbour Plaza Residences East 90 Harbour St 233 764 66 2017 3 Eau de Soleil Sky Tower 2183 Lakeshore Blvd W 228 749 66 2018 4 Ten York 10 York St 224 735 65 2019 5 Harbour Plaza Residences West 1 York St 224 735 62 2017 6 Massey Tower 197 Yonge St 208 683 60 2018 7 YC Condos 460 Yonge St 199 651 60 2019 8 Wellesley on the Park 11 Wellesley St W 194 637 60 2017 9 88 Scott 88 Scott St 204 669 58 2017 10 E Condos South 8 Eglinton E 196 642 58 2017 11 CASA II 42 Charles St E 185 605 57 2016 12 The Residences of 488 University Avenue 488 University Ave 207 679 55 2018 13 CASA III 50 Charles St E 180 589 55 2017 14 INDX Condominiums 66 Temperance St 179 587 54 2016 15 Karma 9 Grenville St 166 544 50 2016 16 Eau de Soleil Water Tower 2183 Lakeshore Blvd W 181 593 49 2018 17 Lagos at the Waterfront 2151 Lake Shore Blvd W 168 550 49 2016 18 87 Peter 87 Peter St 154 505 49 2017 19 Lighthouse Tower Condominium 132 Queens Quay E 182 598 48 2019 20 King Blue by Greenland North Tower 355 King St W 156 511 48 2018 21 Westlake Encore 10 Park Lawn Rd 147 481 45 2018 22 Bay-Adelaide Centre East Tower 333 Bay St 196 643 44 2016 23 Monde 12 Bonnycastle St 150 492 44 2017 24 King Blue by Greenland South Tower 355 King St W 140 461 44 2018 25 Alto 2205 Sheppard Ave E 130 427 43 2016 26 Bisha Hotel amp Residences 56 Blue Jay Way 147 482 41 2016 27 The Britt 955 Bay St 139 456 41 2017 28 Studio2 on Richmond 199 Richmond St W 131 430 41 2016 29 The Bond 290 Adelaide St W 122 402 41 2016 30 EY Tower 100 Adelaide St W 188 617 40 2017 31 Cumberland at Yorkville Plaza Cumberland St amp Avenue Rd 125 409 39 2017 32 21 Dundas 21 Dundas St 122 400 39 2016 33 E Condos North 8 Eglinton Ave E 123 403 38 2017 34 The Madison West 79 Dunfield Ave 121 397 36 2015 35 One York Street 1 York St 174 569 35 2016 36 Avani 1 at Metrogate 2055 Kennedy Rd 117 384 35 2016
Source This list was composed on March 14 2016 from the CTBUH Tall Buildings Database amp other sources
22
High Rise Buildings Under Construction North American Cities (Skyscraperpage)
0
20
40
60
80
100
120
140
160
70+ 60-69 50-59 40-49 30-39 20-29 9-19
Source wwwskyscraperpagecom - Updated March 14 2016
23
High Rise Buildings Under Construction City of Toronto by number of floors
Floors Number of Buildings Total Floors Percent of Total 70+ 1 75 19 60-69 7 439 108 50-59 11 452 112 40-49 20 790 195 30-39 25 957 236 20-29 22 517 128 9-19 51 823 203 Total 137 4053 1000
Source wwwskyscraperpagecom - Updated March 14 2016
24
Total Value of Building Permits City and ldquo905rdquo area
$20
City 905
$18
$16
$14
$12
$10
Bill
ions
$08
$06
$04
$02
$00 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
25
Total Value of Building Permits City and ldquo905rdquo area
3MMA 12MMA Billions $ Billions $
City 905 City 905 Jan-15 $058 $068 $057 $070 Feb-15 $048 $055 $054 $068 Mar-15 $043 $063 $055 $072 Apr-15 $084 $069 $063 $075 May-15 $088 $090 $064 $078 Jun-15 $087 $101 $062 $080 Jul-15 $049 $111 $063 $082 Aug-15 $075 $110 $065 $084 Sep-15 $069 $104 $065 $087 Oct-15 $074 $091 $065 $085 Nov-15 $049 $086 $065 $085 Dec-15 $061 $077 $066 $084 Jan-16 $053 $071 $063 $084
Source Statistics Canada 3 month amp 12 month moving averages
26
Value of ICI Building Permits City and ldquo905rdquo area
$900
City 905
$800
$700
$600
$500
ons
$400 Mill
i
$300
$200
$100
$0 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
27
Value of ICI Building Permits City and ldquo905rdquo area
3MMA 12MMA Millions $ Millions $
City 905 City 905 Jan-15 $2121 $1851 $2144 $2443 Feb-15 $2277 $1407 $2090 $2454 Mar-15 $2010 $1622 $2096 $2529 Apr-15 $5057 $1846 $2810 $2534 May-15 $5224 $2473 $2920 $2610 Jun-15 $5270 $3074 $2923 $2635 Jul-15 $2202 $3229 $2905 $2664 Aug-15 $3347 $3007 $3170 $2696 Sep-15 $3164 $2338 $3200 $2666 Oct-15 $3405 $2171 $3078 $2333 Nov-15 $1922 $2259 $3067 $2318 Dec-15 $2092 $2288 $3123 $2268 Jan-16 $1781 $2321 $3011 $2311
Source Statistics Canada 3 month amp 12 month moving averages
28
Value of Building Permits City of Toronto
$0
$100
$200
$300
$400
$500
$600
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Mill
ions
Residential Commercial Industrial Institutional
Source Statistics Canada 3 month moving averages (January2016)
29
Value of Building Permits City of Toronto
3MMA 12 MMA Millions $ Millions $
Residential Commercial Industrial Institutional Residential Commercial Industrial Institutional Jan-15 3725 1522 270 329 3569 1632 190 322 Feb-15 2567 1513 476 288 3324 1529 244 317 Mar-15 2300 1508 290 211 3388 1526 244 326 Apr-15 3324 1718 343 2996 3533 1589 254 967 May-15 3582 2077 121 3027 3433 1704 258 958 Jun-15 3382 2000 218 3051 3320 1694 264 965 Jul-15 2650 1656 202 343 3419 1687 243 975 Aug-15 4131 2812 197 339 3319 2008 239 923 Sep-15 3765 2705 186 273 3270 2002 259 939 Oct-15 4026 2701 150 553 3374 1850 246 981 Nov-15 2980 1124 219 579 3402 1831 246 990 Dec-15 4045 1244 145 703 3430 1857 240 1026 Jan-16 3486 1238 167 377 3314 1809 203 1000
Source Statistics Canada 3 month amp 12 month moving averages
30
Office Vacancy Rate amp Occupied Space Toronto Region
-150
-100
-050
000
050
100
150
200
4
5
6
7
8
9
10
11
12
13
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Vaca
ncy
Rat
e (li
nes)
City of Toronto 905
Change in O
ccupied Space (bars -millions sqft)
Source Cushman amp Wakefield
31
Office Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft)
City of Toronto 905 City of Toronto 905 11q1 64 96 054 006 11q2 62 96 030 -004 11q3 56 92 071 043 11q4 54 97 086 -010 12q1 55 94 -019 014 12q2 54 99 010 001 12q3 54 99 027 045 12q4 56 102 -036 005 13q1 55 97 009 025 13q2 53 103 009 -018 13q3 57 108 -079 -017 13q4 61 106 162 028 14q1 67 113 -088 -040 14q2 65 110 016 023 14q3 61 111 050 021 14q4 61 112 144 042 15q1 62 112 -047 040 15q2 62 121 -011 -001 15q3 59 116 049 026 15q4 60 113 -005 018
Source Cushman amp Wakefield
32
Quarterly Change in Occupied Office Space Toronto Region
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Downtown Rest of City 905
Source Cushman amp Wakefield
33
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Real GDP Growth Toronto CMA
Moodys Conf Board
25
20
15
10
05
00
-05
Historical Forecast
13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4 16q1 16q2 16q3 16q4
Source Conference Board of Canada (December 18 2015) Moodyrsquos Analytics (March 9 2016)
5
Percent Change in GDP Toronto CMA
Quarterly Annual Conference Conference Oxford
Moodys Board Moodys Board Economics Average 13q1 104 055 13q2 213 114 13q3 044 060 13q4 032 044 397 201 436 344 14q1 063 022 14q2 118 175 14q3 102 123 14q4 095 044 329 321 272 307 15q1 -007 039 15q2 083 062 15q3 087 140 15q4 105 064 279 312 204 265 16q1 114 045 16q2 103 068 16q3 097 065 16q4 088 064 411 281 272 321
Source Conference Board of Canada (Dec 18 2015) Moodyrsquos Analytics (Mar 9 2016) Oxford Economics (Dec 24 2015)
6
(000
s)
Jobs in the City of Toronto Establishment Survey
1450
1400
1350
1300
1250
1200
1150
1100 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15
FTA Jan 1989
GST Jan 1991
NAFTA Jan 1994
DOT Com Bust 2001
SARS 2003
Global Credit Crisis 2008
EU Debt Crisis 2011
Source City Planning Division Research and Information
7
Jobs in the City of Toronto Establishment Survey
Manufacturing All-Sector Office amp Whse Institutional Retail Service Other Total Y-Y Change
1987 553800 256800 150100 145300 138900 31000 1275800 1988 584800 254500 154300 154100 142400 29300 1319300 43500 1989 614700 247300 159900 154800 146000 33800 1356500 37200 1990 614900 232900 164100 155200 149600 33400 1350100 -6500 1991 585800 195300 176900 141700 142600 29700 1272000 -78100 1992 571400 177200 174400 141000 139500 29400 1232900 -39000 1993 553200 160300 179600 136600 133900 28100 1191600 -41300 1994 535200 163100 176800 133700 132200 27900 1168900 -22700 1995 539000 162700 174300 133600 133300 27100 1169900 1000 1996 535500 163800 162800 133600 131300 26900 1153800 -16100 1997 548400 174500 158400 132900 135400 28900 1178500 24700 1998 560600 177800 159800 134600 136400 27800 1197000 18500 1999 594800 186200 165700 140100 140500 30900 1258100 61100 2000 601800 191100 179100 141600 143900 30900 1288400 30300 2001 602500 185500 176400 142900 146800 32300 1286300 -2000 2002 581500 180000 183300 143900 142500 32100 1263300 -23000 2003 573500 172100 189700 142600 142700 33100 1253700 -9600 2004 577500 169200 189100 144100 141900 35100 1257000 3300 2005 572600 163100 196900 148800 142200 38800 1262400 5500 2006 584900 154400 205500 149800 145500 38000 1278000 15600 2007 604200 149200 207800 151500 148900 40000 1301600 23600 2008 614700 143800 214400 147800 149600 40700 1310800 9200 2009 610900 130100 216500 142300 151000 42500 1293200 -17700 2010 623300 129500 213500 140500 150900 40500 1298300 5100 2011 627900 128600 219800 141600 155500 43900 1317300 19100 2012 638100 128200 218400 143300 158300 45100 1331500 14200 2013 656900 126100 222800 146800 164500 46700 1363900 32400 2014 663000 124600 233700 144500 170600 47900 1384400 20600 2015 693900 124000 231700 145300 176900 50500 1422300 37900
Source City Planning Division Research and Information
8
TTC Ridership (millions)
TTC Average Weekday Ridership TTC Moving Annual Total
300
350
400
450
500
550
1000
1100
1200
1300
1400
1500
1600
1700
1800
1900
90 92 94 96 98 00 02 04 06 08 10 12 14
Aver
age
Wee
kday
Rid
ersh
ip (T
hous
ands
)
Mov
ing
Annu
al T
otal
(Mill
ions
)
Source Toronto Transit Commission (December 2015)
9
TTC Ridership (millions)
(Millions)
Moving Annual Month-Month Year-Year Average Weekday Month-Month Year-Year Total Change Change Ridership Change Change
Nov-13 5245 02 24 17507 -06 20 Dec-13 5252 01 22 15674 -105 -53 Jan-14 5262 02 25 16508 53 28 Feb-14 5271 02 24 17337 50 18 Mar-14 5271 00 21 16648 -40 -04 Apr-14 5281 02 21 16819 10 19 May-14 5290 02 20 17001 11 24 Jun-14 5287 00 18 16504 -29 -12 Jul-14 5297 02 17 16028 -29 25 Aug-14 5301 01 16 15824 -13 13 Sep-14 5302 00 15 17391 99 -03 Oct-14 5315 02 15 18155 44 31 Nov-14 5335 04 17 18313 09 46 Dec-14 5348 02 18 15890 -132 14 Jan-15 5347 00 16 16969 68 28 Feb-15 5348 00 15 17393 25 03 Mar-15 5353 01 16 16893 -29 15 Apr-15 5357 01 15 17117 13 18 May-15 5362 01 14 17222 06 13 Jun-15 5360 00 14 16399 -48 -06 Jul-15 5355 -01 11 15944 -28 -05 Aug-15 5350 -01 09 15658 -18 -11 Sep-15 5349 00 09 17169 97 -13 Oct-15 5342 -01 05 17945 45 -12 Nov-15 5331 -01 04 17843 103 -15 Dec-15 5340 -02 02 16138 108 -21
Source Toronto Transit Commission
10
Unemployment Rate
City 905 Ontario Canada
11
10
9
8
7
6
5 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
11
Unemployment Rate
City 905 Ontario Canada Feb-15 81 67 69 69 Mar-15 77 67 69 68 Apr-15 75 67 68 68 May-15 76 64 65 68 Jun-15 73 61 65 68 Jul-15 67 61 65 68 Aug-15 74 72 68 70 Sep-15 79 65 69 71 Oct-15 76 63 68 70 Nov-15 83 60 69 70 Dec-15 87 58 67 71 Jan-16 86 59 67 72 Feb-16 83 66 68 73
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
12
Participation Rate
City 905 Ontario Canada
73
72
71
70
69
68
67
66
65
64
63 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
13
Participation Rate
City 905 Ontario Canada Feb-15 642 678 654 658 Mar-15 643 678 653 659 Apr-15 649 677 651 658 May-15 660 680 652 659 Jun-15 652 688 652 658 Jul-15 647 697 652 658 Aug-15 648 708 653 659 Sep-15 642 700 650 659 Oct-15 641 700 652 660 Nov-15 644 697 651 658 Dec-15 650 698 652 659 Jan-16 643 705 654 659 Feb-16 646 691 652 659
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
14
Employment Rate Employment Population age 15+
City 905 Ontario Canada 67
66
65
64
63
62
61
60
59
58
57
56 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
15
Employment Rate Employment Population age 15+
City 905 Ontario Canada Feb-15 590 633 609 613 Mar-15 594 633 608 614 Apr-15 601 631 607 613 May-15 610 637 610 614 Jun-15 604 646 610 613 Jul-15 604 655 610 613 Aug-15 600 657 609 613 Sep-15 592 655 605 612 Oct-15 592 656 608 613 Nov-15 591 655 606 612 Dec-15 593 658 609 612 Jan-16 588 663 610 612 Feb-16 592 645 608 611
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
16
Indexed Employment (Jan 2010 = 100)
City 905 Ontario Canada 118
116
114
112
110
108
106
104
102
100
98
96 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
17
Employment
City 905 Ontario Canada Feb-15 14093 16988 69006 178850 Mar-15 14199 17011 69030 179139 Apr-15 14381 17001 68896 178974
May-15 14604 17173 69281 179467 Jun-15 14482 17459 69401 179469 Jul-15 14490 17742 69427 179519
Aug-15 14401 17834 69399 179721 Sep-15 14224 17821 69112 179779 Oct-15 14243 17888 69416 180210 Nov-15 14226 17896 69331 179881 Dec-15 14301 18001 69661 180109 Jan-16 14180 18178 69859 180052 Feb-16 14308 17714 69747 180029
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
18
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver
100
90
80
70
60
50
40
30
20 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash (February2016) Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
19
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver Feb-15 74 76 71 50 50 59 Mar-15 72 77 71 55 54 60 Apr-15 72 79 68 57 59 61 May-15 71 84 66 58 63 61 Jun-15 69 87 65 61 59 61 Jul-15 66 89 64 68 57 60 Aug-15 68 89 64 70 56 57 Sep-15 69 87 63 70 60 58 Oct-15 71 87 63 69 61 59 Nov-15 70 86 63 69 62 58 Dec-15 70 87 62 70 63 57 Jan-16 71 86 63 77 65 57 Feb-16 72 87 65 84 68 61
Source Statistics Canada ndash Labour Force Survey Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
20
High Rise Buildings Under Construction North American Cities (Emporis)
250
200
150
100
50
111
212
69
30
84
36
4
23
53
17 28
9 10
24
116
149
76
40
98
43
23 23
42
13 18
9 12 13
0
March 2016
March 2015
Source wwwemporiscom - Updated March 14 2016
21
Tallest Buildings Under Construction City of Toronto
Building Address Metres Feet Floors Year 1 Number One Bloor 1 Bloor St E 257 844 75 2016 2 Harbour Plaza Residences East 90 Harbour St 233 764 66 2017 3 Eau de Soleil Sky Tower 2183 Lakeshore Blvd W 228 749 66 2018 4 Ten York 10 York St 224 735 65 2019 5 Harbour Plaza Residences West 1 York St 224 735 62 2017 6 Massey Tower 197 Yonge St 208 683 60 2018 7 YC Condos 460 Yonge St 199 651 60 2019 8 Wellesley on the Park 11 Wellesley St W 194 637 60 2017 9 88 Scott 88 Scott St 204 669 58 2017 10 E Condos South 8 Eglinton E 196 642 58 2017 11 CASA II 42 Charles St E 185 605 57 2016 12 The Residences of 488 University Avenue 488 University Ave 207 679 55 2018 13 CASA III 50 Charles St E 180 589 55 2017 14 INDX Condominiums 66 Temperance St 179 587 54 2016 15 Karma 9 Grenville St 166 544 50 2016 16 Eau de Soleil Water Tower 2183 Lakeshore Blvd W 181 593 49 2018 17 Lagos at the Waterfront 2151 Lake Shore Blvd W 168 550 49 2016 18 87 Peter 87 Peter St 154 505 49 2017 19 Lighthouse Tower Condominium 132 Queens Quay E 182 598 48 2019 20 King Blue by Greenland North Tower 355 King St W 156 511 48 2018 21 Westlake Encore 10 Park Lawn Rd 147 481 45 2018 22 Bay-Adelaide Centre East Tower 333 Bay St 196 643 44 2016 23 Monde 12 Bonnycastle St 150 492 44 2017 24 King Blue by Greenland South Tower 355 King St W 140 461 44 2018 25 Alto 2205 Sheppard Ave E 130 427 43 2016 26 Bisha Hotel amp Residences 56 Blue Jay Way 147 482 41 2016 27 The Britt 955 Bay St 139 456 41 2017 28 Studio2 on Richmond 199 Richmond St W 131 430 41 2016 29 The Bond 290 Adelaide St W 122 402 41 2016 30 EY Tower 100 Adelaide St W 188 617 40 2017 31 Cumberland at Yorkville Plaza Cumberland St amp Avenue Rd 125 409 39 2017 32 21 Dundas 21 Dundas St 122 400 39 2016 33 E Condos North 8 Eglinton Ave E 123 403 38 2017 34 The Madison West 79 Dunfield Ave 121 397 36 2015 35 One York Street 1 York St 174 569 35 2016 36 Avani 1 at Metrogate 2055 Kennedy Rd 117 384 35 2016
Source This list was composed on March 14 2016 from the CTBUH Tall Buildings Database amp other sources
22
High Rise Buildings Under Construction North American Cities (Skyscraperpage)
0
20
40
60
80
100
120
140
160
70+ 60-69 50-59 40-49 30-39 20-29 9-19
Source wwwskyscraperpagecom - Updated March 14 2016
23
High Rise Buildings Under Construction City of Toronto by number of floors
Floors Number of Buildings Total Floors Percent of Total 70+ 1 75 19 60-69 7 439 108 50-59 11 452 112 40-49 20 790 195 30-39 25 957 236 20-29 22 517 128 9-19 51 823 203 Total 137 4053 1000
Source wwwskyscraperpagecom - Updated March 14 2016
24
Total Value of Building Permits City and ldquo905rdquo area
$20
City 905
$18
$16
$14
$12
$10
Bill
ions
$08
$06
$04
$02
$00 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
25
Total Value of Building Permits City and ldquo905rdquo area
3MMA 12MMA Billions $ Billions $
City 905 City 905 Jan-15 $058 $068 $057 $070 Feb-15 $048 $055 $054 $068 Mar-15 $043 $063 $055 $072 Apr-15 $084 $069 $063 $075 May-15 $088 $090 $064 $078 Jun-15 $087 $101 $062 $080 Jul-15 $049 $111 $063 $082 Aug-15 $075 $110 $065 $084 Sep-15 $069 $104 $065 $087 Oct-15 $074 $091 $065 $085 Nov-15 $049 $086 $065 $085 Dec-15 $061 $077 $066 $084 Jan-16 $053 $071 $063 $084
Source Statistics Canada 3 month amp 12 month moving averages
26
Value of ICI Building Permits City and ldquo905rdquo area
$900
City 905
$800
$700
$600
$500
ons
$400 Mill
i
$300
$200
$100
$0 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
27
Value of ICI Building Permits City and ldquo905rdquo area
3MMA 12MMA Millions $ Millions $
City 905 City 905 Jan-15 $2121 $1851 $2144 $2443 Feb-15 $2277 $1407 $2090 $2454 Mar-15 $2010 $1622 $2096 $2529 Apr-15 $5057 $1846 $2810 $2534 May-15 $5224 $2473 $2920 $2610 Jun-15 $5270 $3074 $2923 $2635 Jul-15 $2202 $3229 $2905 $2664 Aug-15 $3347 $3007 $3170 $2696 Sep-15 $3164 $2338 $3200 $2666 Oct-15 $3405 $2171 $3078 $2333 Nov-15 $1922 $2259 $3067 $2318 Dec-15 $2092 $2288 $3123 $2268 Jan-16 $1781 $2321 $3011 $2311
Source Statistics Canada 3 month amp 12 month moving averages
28
Value of Building Permits City of Toronto
$0
$100
$200
$300
$400
$500
$600
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Mill
ions
Residential Commercial Industrial Institutional
Source Statistics Canada 3 month moving averages (January2016)
29
Value of Building Permits City of Toronto
3MMA 12 MMA Millions $ Millions $
Residential Commercial Industrial Institutional Residential Commercial Industrial Institutional Jan-15 3725 1522 270 329 3569 1632 190 322 Feb-15 2567 1513 476 288 3324 1529 244 317 Mar-15 2300 1508 290 211 3388 1526 244 326 Apr-15 3324 1718 343 2996 3533 1589 254 967 May-15 3582 2077 121 3027 3433 1704 258 958 Jun-15 3382 2000 218 3051 3320 1694 264 965 Jul-15 2650 1656 202 343 3419 1687 243 975 Aug-15 4131 2812 197 339 3319 2008 239 923 Sep-15 3765 2705 186 273 3270 2002 259 939 Oct-15 4026 2701 150 553 3374 1850 246 981 Nov-15 2980 1124 219 579 3402 1831 246 990 Dec-15 4045 1244 145 703 3430 1857 240 1026 Jan-16 3486 1238 167 377 3314 1809 203 1000
Source Statistics Canada 3 month amp 12 month moving averages
30
Office Vacancy Rate amp Occupied Space Toronto Region
-150
-100
-050
000
050
100
150
200
4
5
6
7
8
9
10
11
12
13
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Vaca
ncy
Rat
e (li
nes)
City of Toronto 905
Change in O
ccupied Space (bars -millions sqft)
Source Cushman amp Wakefield
31
Office Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft)
City of Toronto 905 City of Toronto 905 11q1 64 96 054 006 11q2 62 96 030 -004 11q3 56 92 071 043 11q4 54 97 086 -010 12q1 55 94 -019 014 12q2 54 99 010 001 12q3 54 99 027 045 12q4 56 102 -036 005 13q1 55 97 009 025 13q2 53 103 009 -018 13q3 57 108 -079 -017 13q4 61 106 162 028 14q1 67 113 -088 -040 14q2 65 110 016 023 14q3 61 111 050 021 14q4 61 112 144 042 15q1 62 112 -047 040 15q2 62 121 -011 -001 15q3 59 116 049 026 15q4 60 113 -005 018
Source Cushman amp Wakefield
32
Quarterly Change in Occupied Office Space Toronto Region
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Downtown Rest of City 905
Source Cushman amp Wakefield
33
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Percent Change in GDP Toronto CMA
Quarterly Annual Conference Conference Oxford
Moodys Board Moodys Board Economics Average 13q1 104 055 13q2 213 114 13q3 044 060 13q4 032 044 397 201 436 344 14q1 063 022 14q2 118 175 14q3 102 123 14q4 095 044 329 321 272 307 15q1 -007 039 15q2 083 062 15q3 087 140 15q4 105 064 279 312 204 265 16q1 114 045 16q2 103 068 16q3 097 065 16q4 088 064 411 281 272 321
Source Conference Board of Canada (Dec 18 2015) Moodyrsquos Analytics (Mar 9 2016) Oxford Economics (Dec 24 2015)
6
(000
s)
Jobs in the City of Toronto Establishment Survey
1450
1400
1350
1300
1250
1200
1150
1100 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15
FTA Jan 1989
GST Jan 1991
NAFTA Jan 1994
DOT Com Bust 2001
SARS 2003
Global Credit Crisis 2008
EU Debt Crisis 2011
Source City Planning Division Research and Information
7
Jobs in the City of Toronto Establishment Survey
Manufacturing All-Sector Office amp Whse Institutional Retail Service Other Total Y-Y Change
1987 553800 256800 150100 145300 138900 31000 1275800 1988 584800 254500 154300 154100 142400 29300 1319300 43500 1989 614700 247300 159900 154800 146000 33800 1356500 37200 1990 614900 232900 164100 155200 149600 33400 1350100 -6500 1991 585800 195300 176900 141700 142600 29700 1272000 -78100 1992 571400 177200 174400 141000 139500 29400 1232900 -39000 1993 553200 160300 179600 136600 133900 28100 1191600 -41300 1994 535200 163100 176800 133700 132200 27900 1168900 -22700 1995 539000 162700 174300 133600 133300 27100 1169900 1000 1996 535500 163800 162800 133600 131300 26900 1153800 -16100 1997 548400 174500 158400 132900 135400 28900 1178500 24700 1998 560600 177800 159800 134600 136400 27800 1197000 18500 1999 594800 186200 165700 140100 140500 30900 1258100 61100 2000 601800 191100 179100 141600 143900 30900 1288400 30300 2001 602500 185500 176400 142900 146800 32300 1286300 -2000 2002 581500 180000 183300 143900 142500 32100 1263300 -23000 2003 573500 172100 189700 142600 142700 33100 1253700 -9600 2004 577500 169200 189100 144100 141900 35100 1257000 3300 2005 572600 163100 196900 148800 142200 38800 1262400 5500 2006 584900 154400 205500 149800 145500 38000 1278000 15600 2007 604200 149200 207800 151500 148900 40000 1301600 23600 2008 614700 143800 214400 147800 149600 40700 1310800 9200 2009 610900 130100 216500 142300 151000 42500 1293200 -17700 2010 623300 129500 213500 140500 150900 40500 1298300 5100 2011 627900 128600 219800 141600 155500 43900 1317300 19100 2012 638100 128200 218400 143300 158300 45100 1331500 14200 2013 656900 126100 222800 146800 164500 46700 1363900 32400 2014 663000 124600 233700 144500 170600 47900 1384400 20600 2015 693900 124000 231700 145300 176900 50500 1422300 37900
Source City Planning Division Research and Information
8
TTC Ridership (millions)
TTC Average Weekday Ridership TTC Moving Annual Total
300
350
400
450
500
550
1000
1100
1200
1300
1400
1500
1600
1700
1800
1900
90 92 94 96 98 00 02 04 06 08 10 12 14
Aver
age
Wee
kday
Rid
ersh
ip (T
hous
ands
)
Mov
ing
Annu
al T
otal
(Mill
ions
)
Source Toronto Transit Commission (December 2015)
9
TTC Ridership (millions)
(Millions)
Moving Annual Month-Month Year-Year Average Weekday Month-Month Year-Year Total Change Change Ridership Change Change
Nov-13 5245 02 24 17507 -06 20 Dec-13 5252 01 22 15674 -105 -53 Jan-14 5262 02 25 16508 53 28 Feb-14 5271 02 24 17337 50 18 Mar-14 5271 00 21 16648 -40 -04 Apr-14 5281 02 21 16819 10 19 May-14 5290 02 20 17001 11 24 Jun-14 5287 00 18 16504 -29 -12 Jul-14 5297 02 17 16028 -29 25 Aug-14 5301 01 16 15824 -13 13 Sep-14 5302 00 15 17391 99 -03 Oct-14 5315 02 15 18155 44 31 Nov-14 5335 04 17 18313 09 46 Dec-14 5348 02 18 15890 -132 14 Jan-15 5347 00 16 16969 68 28 Feb-15 5348 00 15 17393 25 03 Mar-15 5353 01 16 16893 -29 15 Apr-15 5357 01 15 17117 13 18 May-15 5362 01 14 17222 06 13 Jun-15 5360 00 14 16399 -48 -06 Jul-15 5355 -01 11 15944 -28 -05 Aug-15 5350 -01 09 15658 -18 -11 Sep-15 5349 00 09 17169 97 -13 Oct-15 5342 -01 05 17945 45 -12 Nov-15 5331 -01 04 17843 103 -15 Dec-15 5340 -02 02 16138 108 -21
Source Toronto Transit Commission
10
Unemployment Rate
City 905 Ontario Canada
11
10
9
8
7
6
5 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
11
Unemployment Rate
City 905 Ontario Canada Feb-15 81 67 69 69 Mar-15 77 67 69 68 Apr-15 75 67 68 68 May-15 76 64 65 68 Jun-15 73 61 65 68 Jul-15 67 61 65 68 Aug-15 74 72 68 70 Sep-15 79 65 69 71 Oct-15 76 63 68 70 Nov-15 83 60 69 70 Dec-15 87 58 67 71 Jan-16 86 59 67 72 Feb-16 83 66 68 73
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
12
Participation Rate
City 905 Ontario Canada
73
72
71
70
69
68
67
66
65
64
63 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
13
Participation Rate
City 905 Ontario Canada Feb-15 642 678 654 658 Mar-15 643 678 653 659 Apr-15 649 677 651 658 May-15 660 680 652 659 Jun-15 652 688 652 658 Jul-15 647 697 652 658 Aug-15 648 708 653 659 Sep-15 642 700 650 659 Oct-15 641 700 652 660 Nov-15 644 697 651 658 Dec-15 650 698 652 659 Jan-16 643 705 654 659 Feb-16 646 691 652 659
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
14
Employment Rate Employment Population age 15+
City 905 Ontario Canada 67
66
65
64
63
62
61
60
59
58
57
56 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
15
Employment Rate Employment Population age 15+
City 905 Ontario Canada Feb-15 590 633 609 613 Mar-15 594 633 608 614 Apr-15 601 631 607 613 May-15 610 637 610 614 Jun-15 604 646 610 613 Jul-15 604 655 610 613 Aug-15 600 657 609 613 Sep-15 592 655 605 612 Oct-15 592 656 608 613 Nov-15 591 655 606 612 Dec-15 593 658 609 612 Jan-16 588 663 610 612 Feb-16 592 645 608 611
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
16
Indexed Employment (Jan 2010 = 100)
City 905 Ontario Canada 118
116
114
112
110
108
106
104
102
100
98
96 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
17
Employment
City 905 Ontario Canada Feb-15 14093 16988 69006 178850 Mar-15 14199 17011 69030 179139 Apr-15 14381 17001 68896 178974
May-15 14604 17173 69281 179467 Jun-15 14482 17459 69401 179469 Jul-15 14490 17742 69427 179519
Aug-15 14401 17834 69399 179721 Sep-15 14224 17821 69112 179779 Oct-15 14243 17888 69416 180210 Nov-15 14226 17896 69331 179881 Dec-15 14301 18001 69661 180109 Jan-16 14180 18178 69859 180052 Feb-16 14308 17714 69747 180029
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
18
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver
100
90
80
70
60
50
40
30
20 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash (February2016) Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
19
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver Feb-15 74 76 71 50 50 59 Mar-15 72 77 71 55 54 60 Apr-15 72 79 68 57 59 61 May-15 71 84 66 58 63 61 Jun-15 69 87 65 61 59 61 Jul-15 66 89 64 68 57 60 Aug-15 68 89 64 70 56 57 Sep-15 69 87 63 70 60 58 Oct-15 71 87 63 69 61 59 Nov-15 70 86 63 69 62 58 Dec-15 70 87 62 70 63 57 Jan-16 71 86 63 77 65 57 Feb-16 72 87 65 84 68 61
Source Statistics Canada ndash Labour Force Survey Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
20
High Rise Buildings Under Construction North American Cities (Emporis)
250
200
150
100
50
111
212
69
30
84
36
4
23
53
17 28
9 10
24
116
149
76
40
98
43
23 23
42
13 18
9 12 13
0
March 2016
March 2015
Source wwwemporiscom - Updated March 14 2016
21
Tallest Buildings Under Construction City of Toronto
Building Address Metres Feet Floors Year 1 Number One Bloor 1 Bloor St E 257 844 75 2016 2 Harbour Plaza Residences East 90 Harbour St 233 764 66 2017 3 Eau de Soleil Sky Tower 2183 Lakeshore Blvd W 228 749 66 2018 4 Ten York 10 York St 224 735 65 2019 5 Harbour Plaza Residences West 1 York St 224 735 62 2017 6 Massey Tower 197 Yonge St 208 683 60 2018 7 YC Condos 460 Yonge St 199 651 60 2019 8 Wellesley on the Park 11 Wellesley St W 194 637 60 2017 9 88 Scott 88 Scott St 204 669 58 2017 10 E Condos South 8 Eglinton E 196 642 58 2017 11 CASA II 42 Charles St E 185 605 57 2016 12 The Residences of 488 University Avenue 488 University Ave 207 679 55 2018 13 CASA III 50 Charles St E 180 589 55 2017 14 INDX Condominiums 66 Temperance St 179 587 54 2016 15 Karma 9 Grenville St 166 544 50 2016 16 Eau de Soleil Water Tower 2183 Lakeshore Blvd W 181 593 49 2018 17 Lagos at the Waterfront 2151 Lake Shore Blvd W 168 550 49 2016 18 87 Peter 87 Peter St 154 505 49 2017 19 Lighthouse Tower Condominium 132 Queens Quay E 182 598 48 2019 20 King Blue by Greenland North Tower 355 King St W 156 511 48 2018 21 Westlake Encore 10 Park Lawn Rd 147 481 45 2018 22 Bay-Adelaide Centre East Tower 333 Bay St 196 643 44 2016 23 Monde 12 Bonnycastle St 150 492 44 2017 24 King Blue by Greenland South Tower 355 King St W 140 461 44 2018 25 Alto 2205 Sheppard Ave E 130 427 43 2016 26 Bisha Hotel amp Residences 56 Blue Jay Way 147 482 41 2016 27 The Britt 955 Bay St 139 456 41 2017 28 Studio2 on Richmond 199 Richmond St W 131 430 41 2016 29 The Bond 290 Adelaide St W 122 402 41 2016 30 EY Tower 100 Adelaide St W 188 617 40 2017 31 Cumberland at Yorkville Plaza Cumberland St amp Avenue Rd 125 409 39 2017 32 21 Dundas 21 Dundas St 122 400 39 2016 33 E Condos North 8 Eglinton Ave E 123 403 38 2017 34 The Madison West 79 Dunfield Ave 121 397 36 2015 35 One York Street 1 York St 174 569 35 2016 36 Avani 1 at Metrogate 2055 Kennedy Rd 117 384 35 2016
Source This list was composed on March 14 2016 from the CTBUH Tall Buildings Database amp other sources
22
High Rise Buildings Under Construction North American Cities (Skyscraperpage)
0
20
40
60
80
100
120
140
160
70+ 60-69 50-59 40-49 30-39 20-29 9-19
Source wwwskyscraperpagecom - Updated March 14 2016
23
High Rise Buildings Under Construction City of Toronto by number of floors
Floors Number of Buildings Total Floors Percent of Total 70+ 1 75 19 60-69 7 439 108 50-59 11 452 112 40-49 20 790 195 30-39 25 957 236 20-29 22 517 128 9-19 51 823 203 Total 137 4053 1000
Source wwwskyscraperpagecom - Updated March 14 2016
24
Total Value of Building Permits City and ldquo905rdquo area
$20
City 905
$18
$16
$14
$12
$10
Bill
ions
$08
$06
$04
$02
$00 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
25
Total Value of Building Permits City and ldquo905rdquo area
3MMA 12MMA Billions $ Billions $
City 905 City 905 Jan-15 $058 $068 $057 $070 Feb-15 $048 $055 $054 $068 Mar-15 $043 $063 $055 $072 Apr-15 $084 $069 $063 $075 May-15 $088 $090 $064 $078 Jun-15 $087 $101 $062 $080 Jul-15 $049 $111 $063 $082 Aug-15 $075 $110 $065 $084 Sep-15 $069 $104 $065 $087 Oct-15 $074 $091 $065 $085 Nov-15 $049 $086 $065 $085 Dec-15 $061 $077 $066 $084 Jan-16 $053 $071 $063 $084
Source Statistics Canada 3 month amp 12 month moving averages
26
Value of ICI Building Permits City and ldquo905rdquo area
$900
City 905
$800
$700
$600
$500
ons
$400 Mill
i
$300
$200
$100
$0 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
27
Value of ICI Building Permits City and ldquo905rdquo area
3MMA 12MMA Millions $ Millions $
City 905 City 905 Jan-15 $2121 $1851 $2144 $2443 Feb-15 $2277 $1407 $2090 $2454 Mar-15 $2010 $1622 $2096 $2529 Apr-15 $5057 $1846 $2810 $2534 May-15 $5224 $2473 $2920 $2610 Jun-15 $5270 $3074 $2923 $2635 Jul-15 $2202 $3229 $2905 $2664 Aug-15 $3347 $3007 $3170 $2696 Sep-15 $3164 $2338 $3200 $2666 Oct-15 $3405 $2171 $3078 $2333 Nov-15 $1922 $2259 $3067 $2318 Dec-15 $2092 $2288 $3123 $2268 Jan-16 $1781 $2321 $3011 $2311
Source Statistics Canada 3 month amp 12 month moving averages
28
Value of Building Permits City of Toronto
$0
$100
$200
$300
$400
$500
$600
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Mill
ions
Residential Commercial Industrial Institutional
Source Statistics Canada 3 month moving averages (January2016)
29
Value of Building Permits City of Toronto
3MMA 12 MMA Millions $ Millions $
Residential Commercial Industrial Institutional Residential Commercial Industrial Institutional Jan-15 3725 1522 270 329 3569 1632 190 322 Feb-15 2567 1513 476 288 3324 1529 244 317 Mar-15 2300 1508 290 211 3388 1526 244 326 Apr-15 3324 1718 343 2996 3533 1589 254 967 May-15 3582 2077 121 3027 3433 1704 258 958 Jun-15 3382 2000 218 3051 3320 1694 264 965 Jul-15 2650 1656 202 343 3419 1687 243 975 Aug-15 4131 2812 197 339 3319 2008 239 923 Sep-15 3765 2705 186 273 3270 2002 259 939 Oct-15 4026 2701 150 553 3374 1850 246 981 Nov-15 2980 1124 219 579 3402 1831 246 990 Dec-15 4045 1244 145 703 3430 1857 240 1026 Jan-16 3486 1238 167 377 3314 1809 203 1000
Source Statistics Canada 3 month amp 12 month moving averages
30
Office Vacancy Rate amp Occupied Space Toronto Region
-150
-100
-050
000
050
100
150
200
4
5
6
7
8
9
10
11
12
13
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Vaca
ncy
Rat
e (li
nes)
City of Toronto 905
Change in O
ccupied Space (bars -millions sqft)
Source Cushman amp Wakefield
31
Office Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft)
City of Toronto 905 City of Toronto 905 11q1 64 96 054 006 11q2 62 96 030 -004 11q3 56 92 071 043 11q4 54 97 086 -010 12q1 55 94 -019 014 12q2 54 99 010 001 12q3 54 99 027 045 12q4 56 102 -036 005 13q1 55 97 009 025 13q2 53 103 009 -018 13q3 57 108 -079 -017 13q4 61 106 162 028 14q1 67 113 -088 -040 14q2 65 110 016 023 14q3 61 111 050 021 14q4 61 112 144 042 15q1 62 112 -047 040 15q2 62 121 -011 -001 15q3 59 116 049 026 15q4 60 113 -005 018
Source Cushman amp Wakefield
32
Quarterly Change in Occupied Office Space Toronto Region
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Downtown Rest of City 905
Source Cushman amp Wakefield
33
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
(000
s)
Jobs in the City of Toronto Establishment Survey
1450
1400
1350
1300
1250
1200
1150
1100 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15
FTA Jan 1989
GST Jan 1991
NAFTA Jan 1994
DOT Com Bust 2001
SARS 2003
Global Credit Crisis 2008
EU Debt Crisis 2011
Source City Planning Division Research and Information
7
Jobs in the City of Toronto Establishment Survey
Manufacturing All-Sector Office amp Whse Institutional Retail Service Other Total Y-Y Change
1987 553800 256800 150100 145300 138900 31000 1275800 1988 584800 254500 154300 154100 142400 29300 1319300 43500 1989 614700 247300 159900 154800 146000 33800 1356500 37200 1990 614900 232900 164100 155200 149600 33400 1350100 -6500 1991 585800 195300 176900 141700 142600 29700 1272000 -78100 1992 571400 177200 174400 141000 139500 29400 1232900 -39000 1993 553200 160300 179600 136600 133900 28100 1191600 -41300 1994 535200 163100 176800 133700 132200 27900 1168900 -22700 1995 539000 162700 174300 133600 133300 27100 1169900 1000 1996 535500 163800 162800 133600 131300 26900 1153800 -16100 1997 548400 174500 158400 132900 135400 28900 1178500 24700 1998 560600 177800 159800 134600 136400 27800 1197000 18500 1999 594800 186200 165700 140100 140500 30900 1258100 61100 2000 601800 191100 179100 141600 143900 30900 1288400 30300 2001 602500 185500 176400 142900 146800 32300 1286300 -2000 2002 581500 180000 183300 143900 142500 32100 1263300 -23000 2003 573500 172100 189700 142600 142700 33100 1253700 -9600 2004 577500 169200 189100 144100 141900 35100 1257000 3300 2005 572600 163100 196900 148800 142200 38800 1262400 5500 2006 584900 154400 205500 149800 145500 38000 1278000 15600 2007 604200 149200 207800 151500 148900 40000 1301600 23600 2008 614700 143800 214400 147800 149600 40700 1310800 9200 2009 610900 130100 216500 142300 151000 42500 1293200 -17700 2010 623300 129500 213500 140500 150900 40500 1298300 5100 2011 627900 128600 219800 141600 155500 43900 1317300 19100 2012 638100 128200 218400 143300 158300 45100 1331500 14200 2013 656900 126100 222800 146800 164500 46700 1363900 32400 2014 663000 124600 233700 144500 170600 47900 1384400 20600 2015 693900 124000 231700 145300 176900 50500 1422300 37900
Source City Planning Division Research and Information
8
TTC Ridership (millions)
TTC Average Weekday Ridership TTC Moving Annual Total
300
350
400
450
500
550
1000
1100
1200
1300
1400
1500
1600
1700
1800
1900
90 92 94 96 98 00 02 04 06 08 10 12 14
Aver
age
Wee
kday
Rid
ersh
ip (T
hous
ands
)
Mov
ing
Annu
al T
otal
(Mill
ions
)
Source Toronto Transit Commission (December 2015)
9
TTC Ridership (millions)
(Millions)
Moving Annual Month-Month Year-Year Average Weekday Month-Month Year-Year Total Change Change Ridership Change Change
Nov-13 5245 02 24 17507 -06 20 Dec-13 5252 01 22 15674 -105 -53 Jan-14 5262 02 25 16508 53 28 Feb-14 5271 02 24 17337 50 18 Mar-14 5271 00 21 16648 -40 -04 Apr-14 5281 02 21 16819 10 19 May-14 5290 02 20 17001 11 24 Jun-14 5287 00 18 16504 -29 -12 Jul-14 5297 02 17 16028 -29 25 Aug-14 5301 01 16 15824 -13 13 Sep-14 5302 00 15 17391 99 -03 Oct-14 5315 02 15 18155 44 31 Nov-14 5335 04 17 18313 09 46 Dec-14 5348 02 18 15890 -132 14 Jan-15 5347 00 16 16969 68 28 Feb-15 5348 00 15 17393 25 03 Mar-15 5353 01 16 16893 -29 15 Apr-15 5357 01 15 17117 13 18 May-15 5362 01 14 17222 06 13 Jun-15 5360 00 14 16399 -48 -06 Jul-15 5355 -01 11 15944 -28 -05 Aug-15 5350 -01 09 15658 -18 -11 Sep-15 5349 00 09 17169 97 -13 Oct-15 5342 -01 05 17945 45 -12 Nov-15 5331 -01 04 17843 103 -15 Dec-15 5340 -02 02 16138 108 -21
Source Toronto Transit Commission
10
Unemployment Rate
City 905 Ontario Canada
11
10
9
8
7
6
5 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
11
Unemployment Rate
City 905 Ontario Canada Feb-15 81 67 69 69 Mar-15 77 67 69 68 Apr-15 75 67 68 68 May-15 76 64 65 68 Jun-15 73 61 65 68 Jul-15 67 61 65 68 Aug-15 74 72 68 70 Sep-15 79 65 69 71 Oct-15 76 63 68 70 Nov-15 83 60 69 70 Dec-15 87 58 67 71 Jan-16 86 59 67 72 Feb-16 83 66 68 73
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
12
Participation Rate
City 905 Ontario Canada
73
72
71
70
69
68
67
66
65
64
63 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
13
Participation Rate
City 905 Ontario Canada Feb-15 642 678 654 658 Mar-15 643 678 653 659 Apr-15 649 677 651 658 May-15 660 680 652 659 Jun-15 652 688 652 658 Jul-15 647 697 652 658 Aug-15 648 708 653 659 Sep-15 642 700 650 659 Oct-15 641 700 652 660 Nov-15 644 697 651 658 Dec-15 650 698 652 659 Jan-16 643 705 654 659 Feb-16 646 691 652 659
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
14
Employment Rate Employment Population age 15+
City 905 Ontario Canada 67
66
65
64
63
62
61
60
59
58
57
56 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
15
Employment Rate Employment Population age 15+
City 905 Ontario Canada Feb-15 590 633 609 613 Mar-15 594 633 608 614 Apr-15 601 631 607 613 May-15 610 637 610 614 Jun-15 604 646 610 613 Jul-15 604 655 610 613 Aug-15 600 657 609 613 Sep-15 592 655 605 612 Oct-15 592 656 608 613 Nov-15 591 655 606 612 Dec-15 593 658 609 612 Jan-16 588 663 610 612 Feb-16 592 645 608 611
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
16
Indexed Employment (Jan 2010 = 100)
City 905 Ontario Canada 118
116
114
112
110
108
106
104
102
100
98
96 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
17
Employment
City 905 Ontario Canada Feb-15 14093 16988 69006 178850 Mar-15 14199 17011 69030 179139 Apr-15 14381 17001 68896 178974
May-15 14604 17173 69281 179467 Jun-15 14482 17459 69401 179469 Jul-15 14490 17742 69427 179519
Aug-15 14401 17834 69399 179721 Sep-15 14224 17821 69112 179779 Oct-15 14243 17888 69416 180210 Nov-15 14226 17896 69331 179881 Dec-15 14301 18001 69661 180109 Jan-16 14180 18178 69859 180052 Feb-16 14308 17714 69747 180029
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
18
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver
100
90
80
70
60
50
40
30
20 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash (February2016) Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
19
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver Feb-15 74 76 71 50 50 59 Mar-15 72 77 71 55 54 60 Apr-15 72 79 68 57 59 61 May-15 71 84 66 58 63 61 Jun-15 69 87 65 61 59 61 Jul-15 66 89 64 68 57 60 Aug-15 68 89 64 70 56 57 Sep-15 69 87 63 70 60 58 Oct-15 71 87 63 69 61 59 Nov-15 70 86 63 69 62 58 Dec-15 70 87 62 70 63 57 Jan-16 71 86 63 77 65 57 Feb-16 72 87 65 84 68 61
Source Statistics Canada ndash Labour Force Survey Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
20
High Rise Buildings Under Construction North American Cities (Emporis)
250
200
150
100
50
111
212
69
30
84
36
4
23
53
17 28
9 10
24
116
149
76
40
98
43
23 23
42
13 18
9 12 13
0
March 2016
March 2015
Source wwwemporiscom - Updated March 14 2016
21
Tallest Buildings Under Construction City of Toronto
Building Address Metres Feet Floors Year 1 Number One Bloor 1 Bloor St E 257 844 75 2016 2 Harbour Plaza Residences East 90 Harbour St 233 764 66 2017 3 Eau de Soleil Sky Tower 2183 Lakeshore Blvd W 228 749 66 2018 4 Ten York 10 York St 224 735 65 2019 5 Harbour Plaza Residences West 1 York St 224 735 62 2017 6 Massey Tower 197 Yonge St 208 683 60 2018 7 YC Condos 460 Yonge St 199 651 60 2019 8 Wellesley on the Park 11 Wellesley St W 194 637 60 2017 9 88 Scott 88 Scott St 204 669 58 2017 10 E Condos South 8 Eglinton E 196 642 58 2017 11 CASA II 42 Charles St E 185 605 57 2016 12 The Residences of 488 University Avenue 488 University Ave 207 679 55 2018 13 CASA III 50 Charles St E 180 589 55 2017 14 INDX Condominiums 66 Temperance St 179 587 54 2016 15 Karma 9 Grenville St 166 544 50 2016 16 Eau de Soleil Water Tower 2183 Lakeshore Blvd W 181 593 49 2018 17 Lagos at the Waterfront 2151 Lake Shore Blvd W 168 550 49 2016 18 87 Peter 87 Peter St 154 505 49 2017 19 Lighthouse Tower Condominium 132 Queens Quay E 182 598 48 2019 20 King Blue by Greenland North Tower 355 King St W 156 511 48 2018 21 Westlake Encore 10 Park Lawn Rd 147 481 45 2018 22 Bay-Adelaide Centre East Tower 333 Bay St 196 643 44 2016 23 Monde 12 Bonnycastle St 150 492 44 2017 24 King Blue by Greenland South Tower 355 King St W 140 461 44 2018 25 Alto 2205 Sheppard Ave E 130 427 43 2016 26 Bisha Hotel amp Residences 56 Blue Jay Way 147 482 41 2016 27 The Britt 955 Bay St 139 456 41 2017 28 Studio2 on Richmond 199 Richmond St W 131 430 41 2016 29 The Bond 290 Adelaide St W 122 402 41 2016 30 EY Tower 100 Adelaide St W 188 617 40 2017 31 Cumberland at Yorkville Plaza Cumberland St amp Avenue Rd 125 409 39 2017 32 21 Dundas 21 Dundas St 122 400 39 2016 33 E Condos North 8 Eglinton Ave E 123 403 38 2017 34 The Madison West 79 Dunfield Ave 121 397 36 2015 35 One York Street 1 York St 174 569 35 2016 36 Avani 1 at Metrogate 2055 Kennedy Rd 117 384 35 2016
Source This list was composed on March 14 2016 from the CTBUH Tall Buildings Database amp other sources
22
High Rise Buildings Under Construction North American Cities (Skyscraperpage)
0
20
40
60
80
100
120
140
160
70+ 60-69 50-59 40-49 30-39 20-29 9-19
Source wwwskyscraperpagecom - Updated March 14 2016
23
High Rise Buildings Under Construction City of Toronto by number of floors
Floors Number of Buildings Total Floors Percent of Total 70+ 1 75 19 60-69 7 439 108 50-59 11 452 112 40-49 20 790 195 30-39 25 957 236 20-29 22 517 128 9-19 51 823 203 Total 137 4053 1000
Source wwwskyscraperpagecom - Updated March 14 2016
24
Total Value of Building Permits City and ldquo905rdquo area
$20
City 905
$18
$16
$14
$12
$10
Bill
ions
$08
$06
$04
$02
$00 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
25
Total Value of Building Permits City and ldquo905rdquo area
3MMA 12MMA Billions $ Billions $
City 905 City 905 Jan-15 $058 $068 $057 $070 Feb-15 $048 $055 $054 $068 Mar-15 $043 $063 $055 $072 Apr-15 $084 $069 $063 $075 May-15 $088 $090 $064 $078 Jun-15 $087 $101 $062 $080 Jul-15 $049 $111 $063 $082 Aug-15 $075 $110 $065 $084 Sep-15 $069 $104 $065 $087 Oct-15 $074 $091 $065 $085 Nov-15 $049 $086 $065 $085 Dec-15 $061 $077 $066 $084 Jan-16 $053 $071 $063 $084
Source Statistics Canada 3 month amp 12 month moving averages
26
Value of ICI Building Permits City and ldquo905rdquo area
$900
City 905
$800
$700
$600
$500
ons
$400 Mill
i
$300
$200
$100
$0 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
27
Value of ICI Building Permits City and ldquo905rdquo area
3MMA 12MMA Millions $ Millions $
City 905 City 905 Jan-15 $2121 $1851 $2144 $2443 Feb-15 $2277 $1407 $2090 $2454 Mar-15 $2010 $1622 $2096 $2529 Apr-15 $5057 $1846 $2810 $2534 May-15 $5224 $2473 $2920 $2610 Jun-15 $5270 $3074 $2923 $2635 Jul-15 $2202 $3229 $2905 $2664 Aug-15 $3347 $3007 $3170 $2696 Sep-15 $3164 $2338 $3200 $2666 Oct-15 $3405 $2171 $3078 $2333 Nov-15 $1922 $2259 $3067 $2318 Dec-15 $2092 $2288 $3123 $2268 Jan-16 $1781 $2321 $3011 $2311
Source Statistics Canada 3 month amp 12 month moving averages
28
Value of Building Permits City of Toronto
$0
$100
$200
$300
$400
$500
$600
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Mill
ions
Residential Commercial Industrial Institutional
Source Statistics Canada 3 month moving averages (January2016)
29
Value of Building Permits City of Toronto
3MMA 12 MMA Millions $ Millions $
Residential Commercial Industrial Institutional Residential Commercial Industrial Institutional Jan-15 3725 1522 270 329 3569 1632 190 322 Feb-15 2567 1513 476 288 3324 1529 244 317 Mar-15 2300 1508 290 211 3388 1526 244 326 Apr-15 3324 1718 343 2996 3533 1589 254 967 May-15 3582 2077 121 3027 3433 1704 258 958 Jun-15 3382 2000 218 3051 3320 1694 264 965 Jul-15 2650 1656 202 343 3419 1687 243 975 Aug-15 4131 2812 197 339 3319 2008 239 923 Sep-15 3765 2705 186 273 3270 2002 259 939 Oct-15 4026 2701 150 553 3374 1850 246 981 Nov-15 2980 1124 219 579 3402 1831 246 990 Dec-15 4045 1244 145 703 3430 1857 240 1026 Jan-16 3486 1238 167 377 3314 1809 203 1000
Source Statistics Canada 3 month amp 12 month moving averages
30
Office Vacancy Rate amp Occupied Space Toronto Region
-150
-100
-050
000
050
100
150
200
4
5
6
7
8
9
10
11
12
13
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Vaca
ncy
Rat
e (li
nes)
City of Toronto 905
Change in O
ccupied Space (bars -millions sqft)
Source Cushman amp Wakefield
31
Office Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft)
City of Toronto 905 City of Toronto 905 11q1 64 96 054 006 11q2 62 96 030 -004 11q3 56 92 071 043 11q4 54 97 086 -010 12q1 55 94 -019 014 12q2 54 99 010 001 12q3 54 99 027 045 12q4 56 102 -036 005 13q1 55 97 009 025 13q2 53 103 009 -018 13q3 57 108 -079 -017 13q4 61 106 162 028 14q1 67 113 -088 -040 14q2 65 110 016 023 14q3 61 111 050 021 14q4 61 112 144 042 15q1 62 112 -047 040 15q2 62 121 -011 -001 15q3 59 116 049 026 15q4 60 113 -005 018
Source Cushman amp Wakefield
32
Quarterly Change in Occupied Office Space Toronto Region
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Downtown Rest of City 905
Source Cushman amp Wakefield
33
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Jobs in the City of Toronto Establishment Survey
Manufacturing All-Sector Office amp Whse Institutional Retail Service Other Total Y-Y Change
1987 553800 256800 150100 145300 138900 31000 1275800 1988 584800 254500 154300 154100 142400 29300 1319300 43500 1989 614700 247300 159900 154800 146000 33800 1356500 37200 1990 614900 232900 164100 155200 149600 33400 1350100 -6500 1991 585800 195300 176900 141700 142600 29700 1272000 -78100 1992 571400 177200 174400 141000 139500 29400 1232900 -39000 1993 553200 160300 179600 136600 133900 28100 1191600 -41300 1994 535200 163100 176800 133700 132200 27900 1168900 -22700 1995 539000 162700 174300 133600 133300 27100 1169900 1000 1996 535500 163800 162800 133600 131300 26900 1153800 -16100 1997 548400 174500 158400 132900 135400 28900 1178500 24700 1998 560600 177800 159800 134600 136400 27800 1197000 18500 1999 594800 186200 165700 140100 140500 30900 1258100 61100 2000 601800 191100 179100 141600 143900 30900 1288400 30300 2001 602500 185500 176400 142900 146800 32300 1286300 -2000 2002 581500 180000 183300 143900 142500 32100 1263300 -23000 2003 573500 172100 189700 142600 142700 33100 1253700 -9600 2004 577500 169200 189100 144100 141900 35100 1257000 3300 2005 572600 163100 196900 148800 142200 38800 1262400 5500 2006 584900 154400 205500 149800 145500 38000 1278000 15600 2007 604200 149200 207800 151500 148900 40000 1301600 23600 2008 614700 143800 214400 147800 149600 40700 1310800 9200 2009 610900 130100 216500 142300 151000 42500 1293200 -17700 2010 623300 129500 213500 140500 150900 40500 1298300 5100 2011 627900 128600 219800 141600 155500 43900 1317300 19100 2012 638100 128200 218400 143300 158300 45100 1331500 14200 2013 656900 126100 222800 146800 164500 46700 1363900 32400 2014 663000 124600 233700 144500 170600 47900 1384400 20600 2015 693900 124000 231700 145300 176900 50500 1422300 37900
Source City Planning Division Research and Information
8
TTC Ridership (millions)
TTC Average Weekday Ridership TTC Moving Annual Total
300
350
400
450
500
550
1000
1100
1200
1300
1400
1500
1600
1700
1800
1900
90 92 94 96 98 00 02 04 06 08 10 12 14
Aver
age
Wee
kday
Rid
ersh
ip (T
hous
ands
)
Mov
ing
Annu
al T
otal
(Mill
ions
)
Source Toronto Transit Commission (December 2015)
9
TTC Ridership (millions)
(Millions)
Moving Annual Month-Month Year-Year Average Weekday Month-Month Year-Year Total Change Change Ridership Change Change
Nov-13 5245 02 24 17507 -06 20 Dec-13 5252 01 22 15674 -105 -53 Jan-14 5262 02 25 16508 53 28 Feb-14 5271 02 24 17337 50 18 Mar-14 5271 00 21 16648 -40 -04 Apr-14 5281 02 21 16819 10 19 May-14 5290 02 20 17001 11 24 Jun-14 5287 00 18 16504 -29 -12 Jul-14 5297 02 17 16028 -29 25 Aug-14 5301 01 16 15824 -13 13 Sep-14 5302 00 15 17391 99 -03 Oct-14 5315 02 15 18155 44 31 Nov-14 5335 04 17 18313 09 46 Dec-14 5348 02 18 15890 -132 14 Jan-15 5347 00 16 16969 68 28 Feb-15 5348 00 15 17393 25 03 Mar-15 5353 01 16 16893 -29 15 Apr-15 5357 01 15 17117 13 18 May-15 5362 01 14 17222 06 13 Jun-15 5360 00 14 16399 -48 -06 Jul-15 5355 -01 11 15944 -28 -05 Aug-15 5350 -01 09 15658 -18 -11 Sep-15 5349 00 09 17169 97 -13 Oct-15 5342 -01 05 17945 45 -12 Nov-15 5331 -01 04 17843 103 -15 Dec-15 5340 -02 02 16138 108 -21
Source Toronto Transit Commission
10
Unemployment Rate
City 905 Ontario Canada
11
10
9
8
7
6
5 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
11
Unemployment Rate
City 905 Ontario Canada Feb-15 81 67 69 69 Mar-15 77 67 69 68 Apr-15 75 67 68 68 May-15 76 64 65 68 Jun-15 73 61 65 68 Jul-15 67 61 65 68 Aug-15 74 72 68 70 Sep-15 79 65 69 71 Oct-15 76 63 68 70 Nov-15 83 60 69 70 Dec-15 87 58 67 71 Jan-16 86 59 67 72 Feb-16 83 66 68 73
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
12
Participation Rate
City 905 Ontario Canada
73
72
71
70
69
68
67
66
65
64
63 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
13
Participation Rate
City 905 Ontario Canada Feb-15 642 678 654 658 Mar-15 643 678 653 659 Apr-15 649 677 651 658 May-15 660 680 652 659 Jun-15 652 688 652 658 Jul-15 647 697 652 658 Aug-15 648 708 653 659 Sep-15 642 700 650 659 Oct-15 641 700 652 660 Nov-15 644 697 651 658 Dec-15 650 698 652 659 Jan-16 643 705 654 659 Feb-16 646 691 652 659
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
14
Employment Rate Employment Population age 15+
City 905 Ontario Canada 67
66
65
64
63
62
61
60
59
58
57
56 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
15
Employment Rate Employment Population age 15+
City 905 Ontario Canada Feb-15 590 633 609 613 Mar-15 594 633 608 614 Apr-15 601 631 607 613 May-15 610 637 610 614 Jun-15 604 646 610 613 Jul-15 604 655 610 613 Aug-15 600 657 609 613 Sep-15 592 655 605 612 Oct-15 592 656 608 613 Nov-15 591 655 606 612 Dec-15 593 658 609 612 Jan-16 588 663 610 612 Feb-16 592 645 608 611
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
16
Indexed Employment (Jan 2010 = 100)
City 905 Ontario Canada 118
116
114
112
110
108
106
104
102
100
98
96 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
17
Employment
City 905 Ontario Canada Feb-15 14093 16988 69006 178850 Mar-15 14199 17011 69030 179139 Apr-15 14381 17001 68896 178974
May-15 14604 17173 69281 179467 Jun-15 14482 17459 69401 179469 Jul-15 14490 17742 69427 179519
Aug-15 14401 17834 69399 179721 Sep-15 14224 17821 69112 179779 Oct-15 14243 17888 69416 180210 Nov-15 14226 17896 69331 179881 Dec-15 14301 18001 69661 180109 Jan-16 14180 18178 69859 180052 Feb-16 14308 17714 69747 180029
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
18
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver
100
90
80
70
60
50
40
30
20 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash (February2016) Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
19
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver Feb-15 74 76 71 50 50 59 Mar-15 72 77 71 55 54 60 Apr-15 72 79 68 57 59 61 May-15 71 84 66 58 63 61 Jun-15 69 87 65 61 59 61 Jul-15 66 89 64 68 57 60 Aug-15 68 89 64 70 56 57 Sep-15 69 87 63 70 60 58 Oct-15 71 87 63 69 61 59 Nov-15 70 86 63 69 62 58 Dec-15 70 87 62 70 63 57 Jan-16 71 86 63 77 65 57 Feb-16 72 87 65 84 68 61
Source Statistics Canada ndash Labour Force Survey Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
20
High Rise Buildings Under Construction North American Cities (Emporis)
250
200
150
100
50
111
212
69
30
84
36
4
23
53
17 28
9 10
24
116
149
76
40
98
43
23 23
42
13 18
9 12 13
0
March 2016
March 2015
Source wwwemporiscom - Updated March 14 2016
21
Tallest Buildings Under Construction City of Toronto
Building Address Metres Feet Floors Year 1 Number One Bloor 1 Bloor St E 257 844 75 2016 2 Harbour Plaza Residences East 90 Harbour St 233 764 66 2017 3 Eau de Soleil Sky Tower 2183 Lakeshore Blvd W 228 749 66 2018 4 Ten York 10 York St 224 735 65 2019 5 Harbour Plaza Residences West 1 York St 224 735 62 2017 6 Massey Tower 197 Yonge St 208 683 60 2018 7 YC Condos 460 Yonge St 199 651 60 2019 8 Wellesley on the Park 11 Wellesley St W 194 637 60 2017 9 88 Scott 88 Scott St 204 669 58 2017 10 E Condos South 8 Eglinton E 196 642 58 2017 11 CASA II 42 Charles St E 185 605 57 2016 12 The Residences of 488 University Avenue 488 University Ave 207 679 55 2018 13 CASA III 50 Charles St E 180 589 55 2017 14 INDX Condominiums 66 Temperance St 179 587 54 2016 15 Karma 9 Grenville St 166 544 50 2016 16 Eau de Soleil Water Tower 2183 Lakeshore Blvd W 181 593 49 2018 17 Lagos at the Waterfront 2151 Lake Shore Blvd W 168 550 49 2016 18 87 Peter 87 Peter St 154 505 49 2017 19 Lighthouse Tower Condominium 132 Queens Quay E 182 598 48 2019 20 King Blue by Greenland North Tower 355 King St W 156 511 48 2018 21 Westlake Encore 10 Park Lawn Rd 147 481 45 2018 22 Bay-Adelaide Centre East Tower 333 Bay St 196 643 44 2016 23 Monde 12 Bonnycastle St 150 492 44 2017 24 King Blue by Greenland South Tower 355 King St W 140 461 44 2018 25 Alto 2205 Sheppard Ave E 130 427 43 2016 26 Bisha Hotel amp Residences 56 Blue Jay Way 147 482 41 2016 27 The Britt 955 Bay St 139 456 41 2017 28 Studio2 on Richmond 199 Richmond St W 131 430 41 2016 29 The Bond 290 Adelaide St W 122 402 41 2016 30 EY Tower 100 Adelaide St W 188 617 40 2017 31 Cumberland at Yorkville Plaza Cumberland St amp Avenue Rd 125 409 39 2017 32 21 Dundas 21 Dundas St 122 400 39 2016 33 E Condos North 8 Eglinton Ave E 123 403 38 2017 34 The Madison West 79 Dunfield Ave 121 397 36 2015 35 One York Street 1 York St 174 569 35 2016 36 Avani 1 at Metrogate 2055 Kennedy Rd 117 384 35 2016
Source This list was composed on March 14 2016 from the CTBUH Tall Buildings Database amp other sources
22
High Rise Buildings Under Construction North American Cities (Skyscraperpage)
0
20
40
60
80
100
120
140
160
70+ 60-69 50-59 40-49 30-39 20-29 9-19
Source wwwskyscraperpagecom - Updated March 14 2016
23
High Rise Buildings Under Construction City of Toronto by number of floors
Floors Number of Buildings Total Floors Percent of Total 70+ 1 75 19 60-69 7 439 108 50-59 11 452 112 40-49 20 790 195 30-39 25 957 236 20-29 22 517 128 9-19 51 823 203 Total 137 4053 1000
Source wwwskyscraperpagecom - Updated March 14 2016
24
Total Value of Building Permits City and ldquo905rdquo area
$20
City 905
$18
$16
$14
$12
$10
Bill
ions
$08
$06
$04
$02
$00 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
25
Total Value of Building Permits City and ldquo905rdquo area
3MMA 12MMA Billions $ Billions $
City 905 City 905 Jan-15 $058 $068 $057 $070 Feb-15 $048 $055 $054 $068 Mar-15 $043 $063 $055 $072 Apr-15 $084 $069 $063 $075 May-15 $088 $090 $064 $078 Jun-15 $087 $101 $062 $080 Jul-15 $049 $111 $063 $082 Aug-15 $075 $110 $065 $084 Sep-15 $069 $104 $065 $087 Oct-15 $074 $091 $065 $085 Nov-15 $049 $086 $065 $085 Dec-15 $061 $077 $066 $084 Jan-16 $053 $071 $063 $084
Source Statistics Canada 3 month amp 12 month moving averages
26
Value of ICI Building Permits City and ldquo905rdquo area
$900
City 905
$800
$700
$600
$500
ons
$400 Mill
i
$300
$200
$100
$0 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
27
Value of ICI Building Permits City and ldquo905rdquo area
3MMA 12MMA Millions $ Millions $
City 905 City 905 Jan-15 $2121 $1851 $2144 $2443 Feb-15 $2277 $1407 $2090 $2454 Mar-15 $2010 $1622 $2096 $2529 Apr-15 $5057 $1846 $2810 $2534 May-15 $5224 $2473 $2920 $2610 Jun-15 $5270 $3074 $2923 $2635 Jul-15 $2202 $3229 $2905 $2664 Aug-15 $3347 $3007 $3170 $2696 Sep-15 $3164 $2338 $3200 $2666 Oct-15 $3405 $2171 $3078 $2333 Nov-15 $1922 $2259 $3067 $2318 Dec-15 $2092 $2288 $3123 $2268 Jan-16 $1781 $2321 $3011 $2311
Source Statistics Canada 3 month amp 12 month moving averages
28
Value of Building Permits City of Toronto
$0
$100
$200
$300
$400
$500
$600
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Mill
ions
Residential Commercial Industrial Institutional
Source Statistics Canada 3 month moving averages (January2016)
29
Value of Building Permits City of Toronto
3MMA 12 MMA Millions $ Millions $
Residential Commercial Industrial Institutional Residential Commercial Industrial Institutional Jan-15 3725 1522 270 329 3569 1632 190 322 Feb-15 2567 1513 476 288 3324 1529 244 317 Mar-15 2300 1508 290 211 3388 1526 244 326 Apr-15 3324 1718 343 2996 3533 1589 254 967 May-15 3582 2077 121 3027 3433 1704 258 958 Jun-15 3382 2000 218 3051 3320 1694 264 965 Jul-15 2650 1656 202 343 3419 1687 243 975 Aug-15 4131 2812 197 339 3319 2008 239 923 Sep-15 3765 2705 186 273 3270 2002 259 939 Oct-15 4026 2701 150 553 3374 1850 246 981 Nov-15 2980 1124 219 579 3402 1831 246 990 Dec-15 4045 1244 145 703 3430 1857 240 1026 Jan-16 3486 1238 167 377 3314 1809 203 1000
Source Statistics Canada 3 month amp 12 month moving averages
30
Office Vacancy Rate amp Occupied Space Toronto Region
-150
-100
-050
000
050
100
150
200
4
5
6
7
8
9
10
11
12
13
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Vaca
ncy
Rat
e (li
nes)
City of Toronto 905
Change in O
ccupied Space (bars -millions sqft)
Source Cushman amp Wakefield
31
Office Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft)
City of Toronto 905 City of Toronto 905 11q1 64 96 054 006 11q2 62 96 030 -004 11q3 56 92 071 043 11q4 54 97 086 -010 12q1 55 94 -019 014 12q2 54 99 010 001 12q3 54 99 027 045 12q4 56 102 -036 005 13q1 55 97 009 025 13q2 53 103 009 -018 13q3 57 108 -079 -017 13q4 61 106 162 028 14q1 67 113 -088 -040 14q2 65 110 016 023 14q3 61 111 050 021 14q4 61 112 144 042 15q1 62 112 -047 040 15q2 62 121 -011 -001 15q3 59 116 049 026 15q4 60 113 -005 018
Source Cushman amp Wakefield
32
Quarterly Change in Occupied Office Space Toronto Region
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Downtown Rest of City 905
Source Cushman amp Wakefield
33
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
TTC Ridership (millions)
TTC Average Weekday Ridership TTC Moving Annual Total
300
350
400
450
500
550
1000
1100
1200
1300
1400
1500
1600
1700
1800
1900
90 92 94 96 98 00 02 04 06 08 10 12 14
Aver
age
Wee
kday
Rid
ersh
ip (T
hous
ands
)
Mov
ing
Annu
al T
otal
(Mill
ions
)
Source Toronto Transit Commission (December 2015)
9
TTC Ridership (millions)
(Millions)
Moving Annual Month-Month Year-Year Average Weekday Month-Month Year-Year Total Change Change Ridership Change Change
Nov-13 5245 02 24 17507 -06 20 Dec-13 5252 01 22 15674 -105 -53 Jan-14 5262 02 25 16508 53 28 Feb-14 5271 02 24 17337 50 18 Mar-14 5271 00 21 16648 -40 -04 Apr-14 5281 02 21 16819 10 19 May-14 5290 02 20 17001 11 24 Jun-14 5287 00 18 16504 -29 -12 Jul-14 5297 02 17 16028 -29 25 Aug-14 5301 01 16 15824 -13 13 Sep-14 5302 00 15 17391 99 -03 Oct-14 5315 02 15 18155 44 31 Nov-14 5335 04 17 18313 09 46 Dec-14 5348 02 18 15890 -132 14 Jan-15 5347 00 16 16969 68 28 Feb-15 5348 00 15 17393 25 03 Mar-15 5353 01 16 16893 -29 15 Apr-15 5357 01 15 17117 13 18 May-15 5362 01 14 17222 06 13 Jun-15 5360 00 14 16399 -48 -06 Jul-15 5355 -01 11 15944 -28 -05 Aug-15 5350 -01 09 15658 -18 -11 Sep-15 5349 00 09 17169 97 -13 Oct-15 5342 -01 05 17945 45 -12 Nov-15 5331 -01 04 17843 103 -15 Dec-15 5340 -02 02 16138 108 -21
Source Toronto Transit Commission
10
Unemployment Rate
City 905 Ontario Canada
11
10
9
8
7
6
5 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
11
Unemployment Rate
City 905 Ontario Canada Feb-15 81 67 69 69 Mar-15 77 67 69 68 Apr-15 75 67 68 68 May-15 76 64 65 68 Jun-15 73 61 65 68 Jul-15 67 61 65 68 Aug-15 74 72 68 70 Sep-15 79 65 69 71 Oct-15 76 63 68 70 Nov-15 83 60 69 70 Dec-15 87 58 67 71 Jan-16 86 59 67 72 Feb-16 83 66 68 73
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
12
Participation Rate
City 905 Ontario Canada
73
72
71
70
69
68
67
66
65
64
63 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
13
Participation Rate
City 905 Ontario Canada Feb-15 642 678 654 658 Mar-15 643 678 653 659 Apr-15 649 677 651 658 May-15 660 680 652 659 Jun-15 652 688 652 658 Jul-15 647 697 652 658 Aug-15 648 708 653 659 Sep-15 642 700 650 659 Oct-15 641 700 652 660 Nov-15 644 697 651 658 Dec-15 650 698 652 659 Jan-16 643 705 654 659 Feb-16 646 691 652 659
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
14
Employment Rate Employment Population age 15+
City 905 Ontario Canada 67
66
65
64
63
62
61
60
59
58
57
56 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
15
Employment Rate Employment Population age 15+
City 905 Ontario Canada Feb-15 590 633 609 613 Mar-15 594 633 608 614 Apr-15 601 631 607 613 May-15 610 637 610 614 Jun-15 604 646 610 613 Jul-15 604 655 610 613 Aug-15 600 657 609 613 Sep-15 592 655 605 612 Oct-15 592 656 608 613 Nov-15 591 655 606 612 Dec-15 593 658 609 612 Jan-16 588 663 610 612 Feb-16 592 645 608 611
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
16
Indexed Employment (Jan 2010 = 100)
City 905 Ontario Canada 118
116
114
112
110
108
106
104
102
100
98
96 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
17
Employment
City 905 Ontario Canada Feb-15 14093 16988 69006 178850 Mar-15 14199 17011 69030 179139 Apr-15 14381 17001 68896 178974
May-15 14604 17173 69281 179467 Jun-15 14482 17459 69401 179469 Jul-15 14490 17742 69427 179519
Aug-15 14401 17834 69399 179721 Sep-15 14224 17821 69112 179779 Oct-15 14243 17888 69416 180210 Nov-15 14226 17896 69331 179881 Dec-15 14301 18001 69661 180109 Jan-16 14180 18178 69859 180052 Feb-16 14308 17714 69747 180029
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
18
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver
100
90
80
70
60
50
40
30
20 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash (February2016) Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
19
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver Feb-15 74 76 71 50 50 59 Mar-15 72 77 71 55 54 60 Apr-15 72 79 68 57 59 61 May-15 71 84 66 58 63 61 Jun-15 69 87 65 61 59 61 Jul-15 66 89 64 68 57 60 Aug-15 68 89 64 70 56 57 Sep-15 69 87 63 70 60 58 Oct-15 71 87 63 69 61 59 Nov-15 70 86 63 69 62 58 Dec-15 70 87 62 70 63 57 Jan-16 71 86 63 77 65 57 Feb-16 72 87 65 84 68 61
Source Statistics Canada ndash Labour Force Survey Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
20
High Rise Buildings Under Construction North American Cities (Emporis)
250
200
150
100
50
111
212
69
30
84
36
4
23
53
17 28
9 10
24
116
149
76
40
98
43
23 23
42
13 18
9 12 13
0
March 2016
March 2015
Source wwwemporiscom - Updated March 14 2016
21
Tallest Buildings Under Construction City of Toronto
Building Address Metres Feet Floors Year 1 Number One Bloor 1 Bloor St E 257 844 75 2016 2 Harbour Plaza Residences East 90 Harbour St 233 764 66 2017 3 Eau de Soleil Sky Tower 2183 Lakeshore Blvd W 228 749 66 2018 4 Ten York 10 York St 224 735 65 2019 5 Harbour Plaza Residences West 1 York St 224 735 62 2017 6 Massey Tower 197 Yonge St 208 683 60 2018 7 YC Condos 460 Yonge St 199 651 60 2019 8 Wellesley on the Park 11 Wellesley St W 194 637 60 2017 9 88 Scott 88 Scott St 204 669 58 2017 10 E Condos South 8 Eglinton E 196 642 58 2017 11 CASA II 42 Charles St E 185 605 57 2016 12 The Residences of 488 University Avenue 488 University Ave 207 679 55 2018 13 CASA III 50 Charles St E 180 589 55 2017 14 INDX Condominiums 66 Temperance St 179 587 54 2016 15 Karma 9 Grenville St 166 544 50 2016 16 Eau de Soleil Water Tower 2183 Lakeshore Blvd W 181 593 49 2018 17 Lagos at the Waterfront 2151 Lake Shore Blvd W 168 550 49 2016 18 87 Peter 87 Peter St 154 505 49 2017 19 Lighthouse Tower Condominium 132 Queens Quay E 182 598 48 2019 20 King Blue by Greenland North Tower 355 King St W 156 511 48 2018 21 Westlake Encore 10 Park Lawn Rd 147 481 45 2018 22 Bay-Adelaide Centre East Tower 333 Bay St 196 643 44 2016 23 Monde 12 Bonnycastle St 150 492 44 2017 24 King Blue by Greenland South Tower 355 King St W 140 461 44 2018 25 Alto 2205 Sheppard Ave E 130 427 43 2016 26 Bisha Hotel amp Residences 56 Blue Jay Way 147 482 41 2016 27 The Britt 955 Bay St 139 456 41 2017 28 Studio2 on Richmond 199 Richmond St W 131 430 41 2016 29 The Bond 290 Adelaide St W 122 402 41 2016 30 EY Tower 100 Adelaide St W 188 617 40 2017 31 Cumberland at Yorkville Plaza Cumberland St amp Avenue Rd 125 409 39 2017 32 21 Dundas 21 Dundas St 122 400 39 2016 33 E Condos North 8 Eglinton Ave E 123 403 38 2017 34 The Madison West 79 Dunfield Ave 121 397 36 2015 35 One York Street 1 York St 174 569 35 2016 36 Avani 1 at Metrogate 2055 Kennedy Rd 117 384 35 2016
Source This list was composed on March 14 2016 from the CTBUH Tall Buildings Database amp other sources
22
High Rise Buildings Under Construction North American Cities (Skyscraperpage)
0
20
40
60
80
100
120
140
160
70+ 60-69 50-59 40-49 30-39 20-29 9-19
Source wwwskyscraperpagecom - Updated March 14 2016
23
High Rise Buildings Under Construction City of Toronto by number of floors
Floors Number of Buildings Total Floors Percent of Total 70+ 1 75 19 60-69 7 439 108 50-59 11 452 112 40-49 20 790 195 30-39 25 957 236 20-29 22 517 128 9-19 51 823 203 Total 137 4053 1000
Source wwwskyscraperpagecom - Updated March 14 2016
24
Total Value of Building Permits City and ldquo905rdquo area
$20
City 905
$18
$16
$14
$12
$10
Bill
ions
$08
$06
$04
$02
$00 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
25
Total Value of Building Permits City and ldquo905rdquo area
3MMA 12MMA Billions $ Billions $
City 905 City 905 Jan-15 $058 $068 $057 $070 Feb-15 $048 $055 $054 $068 Mar-15 $043 $063 $055 $072 Apr-15 $084 $069 $063 $075 May-15 $088 $090 $064 $078 Jun-15 $087 $101 $062 $080 Jul-15 $049 $111 $063 $082 Aug-15 $075 $110 $065 $084 Sep-15 $069 $104 $065 $087 Oct-15 $074 $091 $065 $085 Nov-15 $049 $086 $065 $085 Dec-15 $061 $077 $066 $084 Jan-16 $053 $071 $063 $084
Source Statistics Canada 3 month amp 12 month moving averages
26
Value of ICI Building Permits City and ldquo905rdquo area
$900
City 905
$800
$700
$600
$500
ons
$400 Mill
i
$300
$200
$100
$0 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
27
Value of ICI Building Permits City and ldquo905rdquo area
3MMA 12MMA Millions $ Millions $
City 905 City 905 Jan-15 $2121 $1851 $2144 $2443 Feb-15 $2277 $1407 $2090 $2454 Mar-15 $2010 $1622 $2096 $2529 Apr-15 $5057 $1846 $2810 $2534 May-15 $5224 $2473 $2920 $2610 Jun-15 $5270 $3074 $2923 $2635 Jul-15 $2202 $3229 $2905 $2664 Aug-15 $3347 $3007 $3170 $2696 Sep-15 $3164 $2338 $3200 $2666 Oct-15 $3405 $2171 $3078 $2333 Nov-15 $1922 $2259 $3067 $2318 Dec-15 $2092 $2288 $3123 $2268 Jan-16 $1781 $2321 $3011 $2311
Source Statistics Canada 3 month amp 12 month moving averages
28
Value of Building Permits City of Toronto
$0
$100
$200
$300
$400
$500
$600
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Mill
ions
Residential Commercial Industrial Institutional
Source Statistics Canada 3 month moving averages (January2016)
29
Value of Building Permits City of Toronto
3MMA 12 MMA Millions $ Millions $
Residential Commercial Industrial Institutional Residential Commercial Industrial Institutional Jan-15 3725 1522 270 329 3569 1632 190 322 Feb-15 2567 1513 476 288 3324 1529 244 317 Mar-15 2300 1508 290 211 3388 1526 244 326 Apr-15 3324 1718 343 2996 3533 1589 254 967 May-15 3582 2077 121 3027 3433 1704 258 958 Jun-15 3382 2000 218 3051 3320 1694 264 965 Jul-15 2650 1656 202 343 3419 1687 243 975 Aug-15 4131 2812 197 339 3319 2008 239 923 Sep-15 3765 2705 186 273 3270 2002 259 939 Oct-15 4026 2701 150 553 3374 1850 246 981 Nov-15 2980 1124 219 579 3402 1831 246 990 Dec-15 4045 1244 145 703 3430 1857 240 1026 Jan-16 3486 1238 167 377 3314 1809 203 1000
Source Statistics Canada 3 month amp 12 month moving averages
30
Office Vacancy Rate amp Occupied Space Toronto Region
-150
-100
-050
000
050
100
150
200
4
5
6
7
8
9
10
11
12
13
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Vaca
ncy
Rat
e (li
nes)
City of Toronto 905
Change in O
ccupied Space (bars -millions sqft)
Source Cushman amp Wakefield
31
Office Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft)
City of Toronto 905 City of Toronto 905 11q1 64 96 054 006 11q2 62 96 030 -004 11q3 56 92 071 043 11q4 54 97 086 -010 12q1 55 94 -019 014 12q2 54 99 010 001 12q3 54 99 027 045 12q4 56 102 -036 005 13q1 55 97 009 025 13q2 53 103 009 -018 13q3 57 108 -079 -017 13q4 61 106 162 028 14q1 67 113 -088 -040 14q2 65 110 016 023 14q3 61 111 050 021 14q4 61 112 144 042 15q1 62 112 -047 040 15q2 62 121 -011 -001 15q3 59 116 049 026 15q4 60 113 -005 018
Source Cushman amp Wakefield
32
Quarterly Change in Occupied Office Space Toronto Region
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Downtown Rest of City 905
Source Cushman amp Wakefield
33
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
TTC Ridership (millions)
(Millions)
Moving Annual Month-Month Year-Year Average Weekday Month-Month Year-Year Total Change Change Ridership Change Change
Nov-13 5245 02 24 17507 -06 20 Dec-13 5252 01 22 15674 -105 -53 Jan-14 5262 02 25 16508 53 28 Feb-14 5271 02 24 17337 50 18 Mar-14 5271 00 21 16648 -40 -04 Apr-14 5281 02 21 16819 10 19 May-14 5290 02 20 17001 11 24 Jun-14 5287 00 18 16504 -29 -12 Jul-14 5297 02 17 16028 -29 25 Aug-14 5301 01 16 15824 -13 13 Sep-14 5302 00 15 17391 99 -03 Oct-14 5315 02 15 18155 44 31 Nov-14 5335 04 17 18313 09 46 Dec-14 5348 02 18 15890 -132 14 Jan-15 5347 00 16 16969 68 28 Feb-15 5348 00 15 17393 25 03 Mar-15 5353 01 16 16893 -29 15 Apr-15 5357 01 15 17117 13 18 May-15 5362 01 14 17222 06 13 Jun-15 5360 00 14 16399 -48 -06 Jul-15 5355 -01 11 15944 -28 -05 Aug-15 5350 -01 09 15658 -18 -11 Sep-15 5349 00 09 17169 97 -13 Oct-15 5342 -01 05 17945 45 -12 Nov-15 5331 -01 04 17843 103 -15 Dec-15 5340 -02 02 16138 108 -21
Source Toronto Transit Commission
10
Unemployment Rate
City 905 Ontario Canada
11
10
9
8
7
6
5 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
11
Unemployment Rate
City 905 Ontario Canada Feb-15 81 67 69 69 Mar-15 77 67 69 68 Apr-15 75 67 68 68 May-15 76 64 65 68 Jun-15 73 61 65 68 Jul-15 67 61 65 68 Aug-15 74 72 68 70 Sep-15 79 65 69 71 Oct-15 76 63 68 70 Nov-15 83 60 69 70 Dec-15 87 58 67 71 Jan-16 86 59 67 72 Feb-16 83 66 68 73
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
12
Participation Rate
City 905 Ontario Canada
73
72
71
70
69
68
67
66
65
64
63 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
13
Participation Rate
City 905 Ontario Canada Feb-15 642 678 654 658 Mar-15 643 678 653 659 Apr-15 649 677 651 658 May-15 660 680 652 659 Jun-15 652 688 652 658 Jul-15 647 697 652 658 Aug-15 648 708 653 659 Sep-15 642 700 650 659 Oct-15 641 700 652 660 Nov-15 644 697 651 658 Dec-15 650 698 652 659 Jan-16 643 705 654 659 Feb-16 646 691 652 659
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
14
Employment Rate Employment Population age 15+
City 905 Ontario Canada 67
66
65
64
63
62
61
60
59
58
57
56 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
15
Employment Rate Employment Population age 15+
City 905 Ontario Canada Feb-15 590 633 609 613 Mar-15 594 633 608 614 Apr-15 601 631 607 613 May-15 610 637 610 614 Jun-15 604 646 610 613 Jul-15 604 655 610 613 Aug-15 600 657 609 613 Sep-15 592 655 605 612 Oct-15 592 656 608 613 Nov-15 591 655 606 612 Dec-15 593 658 609 612 Jan-16 588 663 610 612 Feb-16 592 645 608 611
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
16
Indexed Employment (Jan 2010 = 100)
City 905 Ontario Canada 118
116
114
112
110
108
106
104
102
100
98
96 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
17
Employment
City 905 Ontario Canada Feb-15 14093 16988 69006 178850 Mar-15 14199 17011 69030 179139 Apr-15 14381 17001 68896 178974
May-15 14604 17173 69281 179467 Jun-15 14482 17459 69401 179469 Jul-15 14490 17742 69427 179519
Aug-15 14401 17834 69399 179721 Sep-15 14224 17821 69112 179779 Oct-15 14243 17888 69416 180210 Nov-15 14226 17896 69331 179881 Dec-15 14301 18001 69661 180109 Jan-16 14180 18178 69859 180052 Feb-16 14308 17714 69747 180029
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
18
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver
100
90
80
70
60
50
40
30
20 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash (February2016) Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
19
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver Feb-15 74 76 71 50 50 59 Mar-15 72 77 71 55 54 60 Apr-15 72 79 68 57 59 61 May-15 71 84 66 58 63 61 Jun-15 69 87 65 61 59 61 Jul-15 66 89 64 68 57 60 Aug-15 68 89 64 70 56 57 Sep-15 69 87 63 70 60 58 Oct-15 71 87 63 69 61 59 Nov-15 70 86 63 69 62 58 Dec-15 70 87 62 70 63 57 Jan-16 71 86 63 77 65 57 Feb-16 72 87 65 84 68 61
Source Statistics Canada ndash Labour Force Survey Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
20
High Rise Buildings Under Construction North American Cities (Emporis)
250
200
150
100
50
111
212
69
30
84
36
4
23
53
17 28
9 10
24
116
149
76
40
98
43
23 23
42
13 18
9 12 13
0
March 2016
March 2015
Source wwwemporiscom - Updated March 14 2016
21
Tallest Buildings Under Construction City of Toronto
Building Address Metres Feet Floors Year 1 Number One Bloor 1 Bloor St E 257 844 75 2016 2 Harbour Plaza Residences East 90 Harbour St 233 764 66 2017 3 Eau de Soleil Sky Tower 2183 Lakeshore Blvd W 228 749 66 2018 4 Ten York 10 York St 224 735 65 2019 5 Harbour Plaza Residences West 1 York St 224 735 62 2017 6 Massey Tower 197 Yonge St 208 683 60 2018 7 YC Condos 460 Yonge St 199 651 60 2019 8 Wellesley on the Park 11 Wellesley St W 194 637 60 2017 9 88 Scott 88 Scott St 204 669 58 2017 10 E Condos South 8 Eglinton E 196 642 58 2017 11 CASA II 42 Charles St E 185 605 57 2016 12 The Residences of 488 University Avenue 488 University Ave 207 679 55 2018 13 CASA III 50 Charles St E 180 589 55 2017 14 INDX Condominiums 66 Temperance St 179 587 54 2016 15 Karma 9 Grenville St 166 544 50 2016 16 Eau de Soleil Water Tower 2183 Lakeshore Blvd W 181 593 49 2018 17 Lagos at the Waterfront 2151 Lake Shore Blvd W 168 550 49 2016 18 87 Peter 87 Peter St 154 505 49 2017 19 Lighthouse Tower Condominium 132 Queens Quay E 182 598 48 2019 20 King Blue by Greenland North Tower 355 King St W 156 511 48 2018 21 Westlake Encore 10 Park Lawn Rd 147 481 45 2018 22 Bay-Adelaide Centre East Tower 333 Bay St 196 643 44 2016 23 Monde 12 Bonnycastle St 150 492 44 2017 24 King Blue by Greenland South Tower 355 King St W 140 461 44 2018 25 Alto 2205 Sheppard Ave E 130 427 43 2016 26 Bisha Hotel amp Residences 56 Blue Jay Way 147 482 41 2016 27 The Britt 955 Bay St 139 456 41 2017 28 Studio2 on Richmond 199 Richmond St W 131 430 41 2016 29 The Bond 290 Adelaide St W 122 402 41 2016 30 EY Tower 100 Adelaide St W 188 617 40 2017 31 Cumberland at Yorkville Plaza Cumberland St amp Avenue Rd 125 409 39 2017 32 21 Dundas 21 Dundas St 122 400 39 2016 33 E Condos North 8 Eglinton Ave E 123 403 38 2017 34 The Madison West 79 Dunfield Ave 121 397 36 2015 35 One York Street 1 York St 174 569 35 2016 36 Avani 1 at Metrogate 2055 Kennedy Rd 117 384 35 2016
Source This list was composed on March 14 2016 from the CTBUH Tall Buildings Database amp other sources
22
High Rise Buildings Under Construction North American Cities (Skyscraperpage)
0
20
40
60
80
100
120
140
160
70+ 60-69 50-59 40-49 30-39 20-29 9-19
Source wwwskyscraperpagecom - Updated March 14 2016
23
High Rise Buildings Under Construction City of Toronto by number of floors
Floors Number of Buildings Total Floors Percent of Total 70+ 1 75 19 60-69 7 439 108 50-59 11 452 112 40-49 20 790 195 30-39 25 957 236 20-29 22 517 128 9-19 51 823 203 Total 137 4053 1000
Source wwwskyscraperpagecom - Updated March 14 2016
24
Total Value of Building Permits City and ldquo905rdquo area
$20
City 905
$18
$16
$14
$12
$10
Bill
ions
$08
$06
$04
$02
$00 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
25
Total Value of Building Permits City and ldquo905rdquo area
3MMA 12MMA Billions $ Billions $
City 905 City 905 Jan-15 $058 $068 $057 $070 Feb-15 $048 $055 $054 $068 Mar-15 $043 $063 $055 $072 Apr-15 $084 $069 $063 $075 May-15 $088 $090 $064 $078 Jun-15 $087 $101 $062 $080 Jul-15 $049 $111 $063 $082 Aug-15 $075 $110 $065 $084 Sep-15 $069 $104 $065 $087 Oct-15 $074 $091 $065 $085 Nov-15 $049 $086 $065 $085 Dec-15 $061 $077 $066 $084 Jan-16 $053 $071 $063 $084
Source Statistics Canada 3 month amp 12 month moving averages
26
Value of ICI Building Permits City and ldquo905rdquo area
$900
City 905
$800
$700
$600
$500
ons
$400 Mill
i
$300
$200
$100
$0 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
27
Value of ICI Building Permits City and ldquo905rdquo area
3MMA 12MMA Millions $ Millions $
City 905 City 905 Jan-15 $2121 $1851 $2144 $2443 Feb-15 $2277 $1407 $2090 $2454 Mar-15 $2010 $1622 $2096 $2529 Apr-15 $5057 $1846 $2810 $2534 May-15 $5224 $2473 $2920 $2610 Jun-15 $5270 $3074 $2923 $2635 Jul-15 $2202 $3229 $2905 $2664 Aug-15 $3347 $3007 $3170 $2696 Sep-15 $3164 $2338 $3200 $2666 Oct-15 $3405 $2171 $3078 $2333 Nov-15 $1922 $2259 $3067 $2318 Dec-15 $2092 $2288 $3123 $2268 Jan-16 $1781 $2321 $3011 $2311
Source Statistics Canada 3 month amp 12 month moving averages
28
Value of Building Permits City of Toronto
$0
$100
$200
$300
$400
$500
$600
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Mill
ions
Residential Commercial Industrial Institutional
Source Statistics Canada 3 month moving averages (January2016)
29
Value of Building Permits City of Toronto
3MMA 12 MMA Millions $ Millions $
Residential Commercial Industrial Institutional Residential Commercial Industrial Institutional Jan-15 3725 1522 270 329 3569 1632 190 322 Feb-15 2567 1513 476 288 3324 1529 244 317 Mar-15 2300 1508 290 211 3388 1526 244 326 Apr-15 3324 1718 343 2996 3533 1589 254 967 May-15 3582 2077 121 3027 3433 1704 258 958 Jun-15 3382 2000 218 3051 3320 1694 264 965 Jul-15 2650 1656 202 343 3419 1687 243 975 Aug-15 4131 2812 197 339 3319 2008 239 923 Sep-15 3765 2705 186 273 3270 2002 259 939 Oct-15 4026 2701 150 553 3374 1850 246 981 Nov-15 2980 1124 219 579 3402 1831 246 990 Dec-15 4045 1244 145 703 3430 1857 240 1026 Jan-16 3486 1238 167 377 3314 1809 203 1000
Source Statistics Canada 3 month amp 12 month moving averages
30
Office Vacancy Rate amp Occupied Space Toronto Region
-150
-100
-050
000
050
100
150
200
4
5
6
7
8
9
10
11
12
13
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Vaca
ncy
Rat
e (li
nes)
City of Toronto 905
Change in O
ccupied Space (bars -millions sqft)
Source Cushman amp Wakefield
31
Office Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft)
City of Toronto 905 City of Toronto 905 11q1 64 96 054 006 11q2 62 96 030 -004 11q3 56 92 071 043 11q4 54 97 086 -010 12q1 55 94 -019 014 12q2 54 99 010 001 12q3 54 99 027 045 12q4 56 102 -036 005 13q1 55 97 009 025 13q2 53 103 009 -018 13q3 57 108 -079 -017 13q4 61 106 162 028 14q1 67 113 -088 -040 14q2 65 110 016 023 14q3 61 111 050 021 14q4 61 112 144 042 15q1 62 112 -047 040 15q2 62 121 -011 -001 15q3 59 116 049 026 15q4 60 113 -005 018
Source Cushman amp Wakefield
32
Quarterly Change in Occupied Office Space Toronto Region
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Downtown Rest of City 905
Source Cushman amp Wakefield
33
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Unemployment Rate
City 905 Ontario Canada
11
10
9
8
7
6
5 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
11
Unemployment Rate
City 905 Ontario Canada Feb-15 81 67 69 69 Mar-15 77 67 69 68 Apr-15 75 67 68 68 May-15 76 64 65 68 Jun-15 73 61 65 68 Jul-15 67 61 65 68 Aug-15 74 72 68 70 Sep-15 79 65 69 71 Oct-15 76 63 68 70 Nov-15 83 60 69 70 Dec-15 87 58 67 71 Jan-16 86 59 67 72 Feb-16 83 66 68 73
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
12
Participation Rate
City 905 Ontario Canada
73
72
71
70
69
68
67
66
65
64
63 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
13
Participation Rate
City 905 Ontario Canada Feb-15 642 678 654 658 Mar-15 643 678 653 659 Apr-15 649 677 651 658 May-15 660 680 652 659 Jun-15 652 688 652 658 Jul-15 647 697 652 658 Aug-15 648 708 653 659 Sep-15 642 700 650 659 Oct-15 641 700 652 660 Nov-15 644 697 651 658 Dec-15 650 698 652 659 Jan-16 643 705 654 659 Feb-16 646 691 652 659
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
14
Employment Rate Employment Population age 15+
City 905 Ontario Canada 67
66
65
64
63
62
61
60
59
58
57
56 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
15
Employment Rate Employment Population age 15+
City 905 Ontario Canada Feb-15 590 633 609 613 Mar-15 594 633 608 614 Apr-15 601 631 607 613 May-15 610 637 610 614 Jun-15 604 646 610 613 Jul-15 604 655 610 613 Aug-15 600 657 609 613 Sep-15 592 655 605 612 Oct-15 592 656 608 613 Nov-15 591 655 606 612 Dec-15 593 658 609 612 Jan-16 588 663 610 612 Feb-16 592 645 608 611
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
16
Indexed Employment (Jan 2010 = 100)
City 905 Ontario Canada 118
116
114
112
110
108
106
104
102
100
98
96 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
17
Employment
City 905 Ontario Canada Feb-15 14093 16988 69006 178850 Mar-15 14199 17011 69030 179139 Apr-15 14381 17001 68896 178974
May-15 14604 17173 69281 179467 Jun-15 14482 17459 69401 179469 Jul-15 14490 17742 69427 179519
Aug-15 14401 17834 69399 179721 Sep-15 14224 17821 69112 179779 Oct-15 14243 17888 69416 180210 Nov-15 14226 17896 69331 179881 Dec-15 14301 18001 69661 180109 Jan-16 14180 18178 69859 180052 Feb-16 14308 17714 69747 180029
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
18
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver
100
90
80
70
60
50
40
30
20 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash (February2016) Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
19
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver Feb-15 74 76 71 50 50 59 Mar-15 72 77 71 55 54 60 Apr-15 72 79 68 57 59 61 May-15 71 84 66 58 63 61 Jun-15 69 87 65 61 59 61 Jul-15 66 89 64 68 57 60 Aug-15 68 89 64 70 56 57 Sep-15 69 87 63 70 60 58 Oct-15 71 87 63 69 61 59 Nov-15 70 86 63 69 62 58 Dec-15 70 87 62 70 63 57 Jan-16 71 86 63 77 65 57 Feb-16 72 87 65 84 68 61
Source Statistics Canada ndash Labour Force Survey Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
20
High Rise Buildings Under Construction North American Cities (Emporis)
250
200
150
100
50
111
212
69
30
84
36
4
23
53
17 28
9 10
24
116
149
76
40
98
43
23 23
42
13 18
9 12 13
0
March 2016
March 2015
Source wwwemporiscom - Updated March 14 2016
21
Tallest Buildings Under Construction City of Toronto
Building Address Metres Feet Floors Year 1 Number One Bloor 1 Bloor St E 257 844 75 2016 2 Harbour Plaza Residences East 90 Harbour St 233 764 66 2017 3 Eau de Soleil Sky Tower 2183 Lakeshore Blvd W 228 749 66 2018 4 Ten York 10 York St 224 735 65 2019 5 Harbour Plaza Residences West 1 York St 224 735 62 2017 6 Massey Tower 197 Yonge St 208 683 60 2018 7 YC Condos 460 Yonge St 199 651 60 2019 8 Wellesley on the Park 11 Wellesley St W 194 637 60 2017 9 88 Scott 88 Scott St 204 669 58 2017 10 E Condos South 8 Eglinton E 196 642 58 2017 11 CASA II 42 Charles St E 185 605 57 2016 12 The Residences of 488 University Avenue 488 University Ave 207 679 55 2018 13 CASA III 50 Charles St E 180 589 55 2017 14 INDX Condominiums 66 Temperance St 179 587 54 2016 15 Karma 9 Grenville St 166 544 50 2016 16 Eau de Soleil Water Tower 2183 Lakeshore Blvd W 181 593 49 2018 17 Lagos at the Waterfront 2151 Lake Shore Blvd W 168 550 49 2016 18 87 Peter 87 Peter St 154 505 49 2017 19 Lighthouse Tower Condominium 132 Queens Quay E 182 598 48 2019 20 King Blue by Greenland North Tower 355 King St W 156 511 48 2018 21 Westlake Encore 10 Park Lawn Rd 147 481 45 2018 22 Bay-Adelaide Centre East Tower 333 Bay St 196 643 44 2016 23 Monde 12 Bonnycastle St 150 492 44 2017 24 King Blue by Greenland South Tower 355 King St W 140 461 44 2018 25 Alto 2205 Sheppard Ave E 130 427 43 2016 26 Bisha Hotel amp Residences 56 Blue Jay Way 147 482 41 2016 27 The Britt 955 Bay St 139 456 41 2017 28 Studio2 on Richmond 199 Richmond St W 131 430 41 2016 29 The Bond 290 Adelaide St W 122 402 41 2016 30 EY Tower 100 Adelaide St W 188 617 40 2017 31 Cumberland at Yorkville Plaza Cumberland St amp Avenue Rd 125 409 39 2017 32 21 Dundas 21 Dundas St 122 400 39 2016 33 E Condos North 8 Eglinton Ave E 123 403 38 2017 34 The Madison West 79 Dunfield Ave 121 397 36 2015 35 One York Street 1 York St 174 569 35 2016 36 Avani 1 at Metrogate 2055 Kennedy Rd 117 384 35 2016
Source This list was composed on March 14 2016 from the CTBUH Tall Buildings Database amp other sources
22
High Rise Buildings Under Construction North American Cities (Skyscraperpage)
0
20
40
60
80
100
120
140
160
70+ 60-69 50-59 40-49 30-39 20-29 9-19
Source wwwskyscraperpagecom - Updated March 14 2016
23
High Rise Buildings Under Construction City of Toronto by number of floors
Floors Number of Buildings Total Floors Percent of Total 70+ 1 75 19 60-69 7 439 108 50-59 11 452 112 40-49 20 790 195 30-39 25 957 236 20-29 22 517 128 9-19 51 823 203 Total 137 4053 1000
Source wwwskyscraperpagecom - Updated March 14 2016
24
Total Value of Building Permits City and ldquo905rdquo area
$20
City 905
$18
$16
$14
$12
$10
Bill
ions
$08
$06
$04
$02
$00 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
25
Total Value of Building Permits City and ldquo905rdquo area
3MMA 12MMA Billions $ Billions $
City 905 City 905 Jan-15 $058 $068 $057 $070 Feb-15 $048 $055 $054 $068 Mar-15 $043 $063 $055 $072 Apr-15 $084 $069 $063 $075 May-15 $088 $090 $064 $078 Jun-15 $087 $101 $062 $080 Jul-15 $049 $111 $063 $082 Aug-15 $075 $110 $065 $084 Sep-15 $069 $104 $065 $087 Oct-15 $074 $091 $065 $085 Nov-15 $049 $086 $065 $085 Dec-15 $061 $077 $066 $084 Jan-16 $053 $071 $063 $084
Source Statistics Canada 3 month amp 12 month moving averages
26
Value of ICI Building Permits City and ldquo905rdquo area
$900
City 905
$800
$700
$600
$500
ons
$400 Mill
i
$300
$200
$100
$0 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
27
Value of ICI Building Permits City and ldquo905rdquo area
3MMA 12MMA Millions $ Millions $
City 905 City 905 Jan-15 $2121 $1851 $2144 $2443 Feb-15 $2277 $1407 $2090 $2454 Mar-15 $2010 $1622 $2096 $2529 Apr-15 $5057 $1846 $2810 $2534 May-15 $5224 $2473 $2920 $2610 Jun-15 $5270 $3074 $2923 $2635 Jul-15 $2202 $3229 $2905 $2664 Aug-15 $3347 $3007 $3170 $2696 Sep-15 $3164 $2338 $3200 $2666 Oct-15 $3405 $2171 $3078 $2333 Nov-15 $1922 $2259 $3067 $2318 Dec-15 $2092 $2288 $3123 $2268 Jan-16 $1781 $2321 $3011 $2311
Source Statistics Canada 3 month amp 12 month moving averages
28
Value of Building Permits City of Toronto
$0
$100
$200
$300
$400
$500
$600
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Mill
ions
Residential Commercial Industrial Institutional
Source Statistics Canada 3 month moving averages (January2016)
29
Value of Building Permits City of Toronto
3MMA 12 MMA Millions $ Millions $
Residential Commercial Industrial Institutional Residential Commercial Industrial Institutional Jan-15 3725 1522 270 329 3569 1632 190 322 Feb-15 2567 1513 476 288 3324 1529 244 317 Mar-15 2300 1508 290 211 3388 1526 244 326 Apr-15 3324 1718 343 2996 3533 1589 254 967 May-15 3582 2077 121 3027 3433 1704 258 958 Jun-15 3382 2000 218 3051 3320 1694 264 965 Jul-15 2650 1656 202 343 3419 1687 243 975 Aug-15 4131 2812 197 339 3319 2008 239 923 Sep-15 3765 2705 186 273 3270 2002 259 939 Oct-15 4026 2701 150 553 3374 1850 246 981 Nov-15 2980 1124 219 579 3402 1831 246 990 Dec-15 4045 1244 145 703 3430 1857 240 1026 Jan-16 3486 1238 167 377 3314 1809 203 1000
Source Statistics Canada 3 month amp 12 month moving averages
30
Office Vacancy Rate amp Occupied Space Toronto Region
-150
-100
-050
000
050
100
150
200
4
5
6
7
8
9
10
11
12
13
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Vaca
ncy
Rat
e (li
nes)
City of Toronto 905
Change in O
ccupied Space (bars -millions sqft)
Source Cushman amp Wakefield
31
Office Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft)
City of Toronto 905 City of Toronto 905 11q1 64 96 054 006 11q2 62 96 030 -004 11q3 56 92 071 043 11q4 54 97 086 -010 12q1 55 94 -019 014 12q2 54 99 010 001 12q3 54 99 027 045 12q4 56 102 -036 005 13q1 55 97 009 025 13q2 53 103 009 -018 13q3 57 108 -079 -017 13q4 61 106 162 028 14q1 67 113 -088 -040 14q2 65 110 016 023 14q3 61 111 050 021 14q4 61 112 144 042 15q1 62 112 -047 040 15q2 62 121 -011 -001 15q3 59 116 049 026 15q4 60 113 -005 018
Source Cushman amp Wakefield
32
Quarterly Change in Occupied Office Space Toronto Region
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Downtown Rest of City 905
Source Cushman amp Wakefield
33
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Unemployment Rate
City 905 Ontario Canada Feb-15 81 67 69 69 Mar-15 77 67 69 68 Apr-15 75 67 68 68 May-15 76 64 65 68 Jun-15 73 61 65 68 Jul-15 67 61 65 68 Aug-15 74 72 68 70 Sep-15 79 65 69 71 Oct-15 76 63 68 70 Nov-15 83 60 69 70 Dec-15 87 58 67 71 Jan-16 86 59 67 72 Feb-16 83 66 68 73
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
12
Participation Rate
City 905 Ontario Canada
73
72
71
70
69
68
67
66
65
64
63 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
13
Participation Rate
City 905 Ontario Canada Feb-15 642 678 654 658 Mar-15 643 678 653 659 Apr-15 649 677 651 658 May-15 660 680 652 659 Jun-15 652 688 652 658 Jul-15 647 697 652 658 Aug-15 648 708 653 659 Sep-15 642 700 650 659 Oct-15 641 700 652 660 Nov-15 644 697 651 658 Dec-15 650 698 652 659 Jan-16 643 705 654 659 Feb-16 646 691 652 659
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
14
Employment Rate Employment Population age 15+
City 905 Ontario Canada 67
66
65
64
63
62
61
60
59
58
57
56 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
15
Employment Rate Employment Population age 15+
City 905 Ontario Canada Feb-15 590 633 609 613 Mar-15 594 633 608 614 Apr-15 601 631 607 613 May-15 610 637 610 614 Jun-15 604 646 610 613 Jul-15 604 655 610 613 Aug-15 600 657 609 613 Sep-15 592 655 605 612 Oct-15 592 656 608 613 Nov-15 591 655 606 612 Dec-15 593 658 609 612 Jan-16 588 663 610 612 Feb-16 592 645 608 611
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
16
Indexed Employment (Jan 2010 = 100)
City 905 Ontario Canada 118
116
114
112
110
108
106
104
102
100
98
96 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
17
Employment
City 905 Ontario Canada Feb-15 14093 16988 69006 178850 Mar-15 14199 17011 69030 179139 Apr-15 14381 17001 68896 178974
May-15 14604 17173 69281 179467 Jun-15 14482 17459 69401 179469 Jul-15 14490 17742 69427 179519
Aug-15 14401 17834 69399 179721 Sep-15 14224 17821 69112 179779 Oct-15 14243 17888 69416 180210 Nov-15 14226 17896 69331 179881 Dec-15 14301 18001 69661 180109 Jan-16 14180 18178 69859 180052 Feb-16 14308 17714 69747 180029
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
18
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver
100
90
80
70
60
50
40
30
20 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash (February2016) Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
19
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver Feb-15 74 76 71 50 50 59 Mar-15 72 77 71 55 54 60 Apr-15 72 79 68 57 59 61 May-15 71 84 66 58 63 61 Jun-15 69 87 65 61 59 61 Jul-15 66 89 64 68 57 60 Aug-15 68 89 64 70 56 57 Sep-15 69 87 63 70 60 58 Oct-15 71 87 63 69 61 59 Nov-15 70 86 63 69 62 58 Dec-15 70 87 62 70 63 57 Jan-16 71 86 63 77 65 57 Feb-16 72 87 65 84 68 61
Source Statistics Canada ndash Labour Force Survey Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
20
High Rise Buildings Under Construction North American Cities (Emporis)
250
200
150
100
50
111
212
69
30
84
36
4
23
53
17 28
9 10
24
116
149
76
40
98
43
23 23
42
13 18
9 12 13
0
March 2016
March 2015
Source wwwemporiscom - Updated March 14 2016
21
Tallest Buildings Under Construction City of Toronto
Building Address Metres Feet Floors Year 1 Number One Bloor 1 Bloor St E 257 844 75 2016 2 Harbour Plaza Residences East 90 Harbour St 233 764 66 2017 3 Eau de Soleil Sky Tower 2183 Lakeshore Blvd W 228 749 66 2018 4 Ten York 10 York St 224 735 65 2019 5 Harbour Plaza Residences West 1 York St 224 735 62 2017 6 Massey Tower 197 Yonge St 208 683 60 2018 7 YC Condos 460 Yonge St 199 651 60 2019 8 Wellesley on the Park 11 Wellesley St W 194 637 60 2017 9 88 Scott 88 Scott St 204 669 58 2017 10 E Condos South 8 Eglinton E 196 642 58 2017 11 CASA II 42 Charles St E 185 605 57 2016 12 The Residences of 488 University Avenue 488 University Ave 207 679 55 2018 13 CASA III 50 Charles St E 180 589 55 2017 14 INDX Condominiums 66 Temperance St 179 587 54 2016 15 Karma 9 Grenville St 166 544 50 2016 16 Eau de Soleil Water Tower 2183 Lakeshore Blvd W 181 593 49 2018 17 Lagos at the Waterfront 2151 Lake Shore Blvd W 168 550 49 2016 18 87 Peter 87 Peter St 154 505 49 2017 19 Lighthouse Tower Condominium 132 Queens Quay E 182 598 48 2019 20 King Blue by Greenland North Tower 355 King St W 156 511 48 2018 21 Westlake Encore 10 Park Lawn Rd 147 481 45 2018 22 Bay-Adelaide Centre East Tower 333 Bay St 196 643 44 2016 23 Monde 12 Bonnycastle St 150 492 44 2017 24 King Blue by Greenland South Tower 355 King St W 140 461 44 2018 25 Alto 2205 Sheppard Ave E 130 427 43 2016 26 Bisha Hotel amp Residences 56 Blue Jay Way 147 482 41 2016 27 The Britt 955 Bay St 139 456 41 2017 28 Studio2 on Richmond 199 Richmond St W 131 430 41 2016 29 The Bond 290 Adelaide St W 122 402 41 2016 30 EY Tower 100 Adelaide St W 188 617 40 2017 31 Cumberland at Yorkville Plaza Cumberland St amp Avenue Rd 125 409 39 2017 32 21 Dundas 21 Dundas St 122 400 39 2016 33 E Condos North 8 Eglinton Ave E 123 403 38 2017 34 The Madison West 79 Dunfield Ave 121 397 36 2015 35 One York Street 1 York St 174 569 35 2016 36 Avani 1 at Metrogate 2055 Kennedy Rd 117 384 35 2016
Source This list was composed on March 14 2016 from the CTBUH Tall Buildings Database amp other sources
22
High Rise Buildings Under Construction North American Cities (Skyscraperpage)
0
20
40
60
80
100
120
140
160
70+ 60-69 50-59 40-49 30-39 20-29 9-19
Source wwwskyscraperpagecom - Updated March 14 2016
23
High Rise Buildings Under Construction City of Toronto by number of floors
Floors Number of Buildings Total Floors Percent of Total 70+ 1 75 19 60-69 7 439 108 50-59 11 452 112 40-49 20 790 195 30-39 25 957 236 20-29 22 517 128 9-19 51 823 203 Total 137 4053 1000
Source wwwskyscraperpagecom - Updated March 14 2016
24
Total Value of Building Permits City and ldquo905rdquo area
$20
City 905
$18
$16
$14
$12
$10
Bill
ions
$08
$06
$04
$02
$00 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
25
Total Value of Building Permits City and ldquo905rdquo area
3MMA 12MMA Billions $ Billions $
City 905 City 905 Jan-15 $058 $068 $057 $070 Feb-15 $048 $055 $054 $068 Mar-15 $043 $063 $055 $072 Apr-15 $084 $069 $063 $075 May-15 $088 $090 $064 $078 Jun-15 $087 $101 $062 $080 Jul-15 $049 $111 $063 $082 Aug-15 $075 $110 $065 $084 Sep-15 $069 $104 $065 $087 Oct-15 $074 $091 $065 $085 Nov-15 $049 $086 $065 $085 Dec-15 $061 $077 $066 $084 Jan-16 $053 $071 $063 $084
Source Statistics Canada 3 month amp 12 month moving averages
26
Value of ICI Building Permits City and ldquo905rdquo area
$900
City 905
$800
$700
$600
$500
ons
$400 Mill
i
$300
$200
$100
$0 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
27
Value of ICI Building Permits City and ldquo905rdquo area
3MMA 12MMA Millions $ Millions $
City 905 City 905 Jan-15 $2121 $1851 $2144 $2443 Feb-15 $2277 $1407 $2090 $2454 Mar-15 $2010 $1622 $2096 $2529 Apr-15 $5057 $1846 $2810 $2534 May-15 $5224 $2473 $2920 $2610 Jun-15 $5270 $3074 $2923 $2635 Jul-15 $2202 $3229 $2905 $2664 Aug-15 $3347 $3007 $3170 $2696 Sep-15 $3164 $2338 $3200 $2666 Oct-15 $3405 $2171 $3078 $2333 Nov-15 $1922 $2259 $3067 $2318 Dec-15 $2092 $2288 $3123 $2268 Jan-16 $1781 $2321 $3011 $2311
Source Statistics Canada 3 month amp 12 month moving averages
28
Value of Building Permits City of Toronto
$0
$100
$200
$300
$400
$500
$600
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Mill
ions
Residential Commercial Industrial Institutional
Source Statistics Canada 3 month moving averages (January2016)
29
Value of Building Permits City of Toronto
3MMA 12 MMA Millions $ Millions $
Residential Commercial Industrial Institutional Residential Commercial Industrial Institutional Jan-15 3725 1522 270 329 3569 1632 190 322 Feb-15 2567 1513 476 288 3324 1529 244 317 Mar-15 2300 1508 290 211 3388 1526 244 326 Apr-15 3324 1718 343 2996 3533 1589 254 967 May-15 3582 2077 121 3027 3433 1704 258 958 Jun-15 3382 2000 218 3051 3320 1694 264 965 Jul-15 2650 1656 202 343 3419 1687 243 975 Aug-15 4131 2812 197 339 3319 2008 239 923 Sep-15 3765 2705 186 273 3270 2002 259 939 Oct-15 4026 2701 150 553 3374 1850 246 981 Nov-15 2980 1124 219 579 3402 1831 246 990 Dec-15 4045 1244 145 703 3430 1857 240 1026 Jan-16 3486 1238 167 377 3314 1809 203 1000
Source Statistics Canada 3 month amp 12 month moving averages
30
Office Vacancy Rate amp Occupied Space Toronto Region
-150
-100
-050
000
050
100
150
200
4
5
6
7
8
9
10
11
12
13
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Vaca
ncy
Rat
e (li
nes)
City of Toronto 905
Change in O
ccupied Space (bars -millions sqft)
Source Cushman amp Wakefield
31
Office Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft)
City of Toronto 905 City of Toronto 905 11q1 64 96 054 006 11q2 62 96 030 -004 11q3 56 92 071 043 11q4 54 97 086 -010 12q1 55 94 -019 014 12q2 54 99 010 001 12q3 54 99 027 045 12q4 56 102 -036 005 13q1 55 97 009 025 13q2 53 103 009 -018 13q3 57 108 -079 -017 13q4 61 106 162 028 14q1 67 113 -088 -040 14q2 65 110 016 023 14q3 61 111 050 021 14q4 61 112 144 042 15q1 62 112 -047 040 15q2 62 121 -011 -001 15q3 59 116 049 026 15q4 60 113 -005 018
Source Cushman amp Wakefield
32
Quarterly Change in Occupied Office Space Toronto Region
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Downtown Rest of City 905
Source Cushman amp Wakefield
33
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Participation Rate
City 905 Ontario Canada
73
72
71
70
69
68
67
66
65
64
63 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
13
Participation Rate
City 905 Ontario Canada Feb-15 642 678 654 658 Mar-15 643 678 653 659 Apr-15 649 677 651 658 May-15 660 680 652 659 Jun-15 652 688 652 658 Jul-15 647 697 652 658 Aug-15 648 708 653 659 Sep-15 642 700 650 659 Oct-15 641 700 652 660 Nov-15 644 697 651 658 Dec-15 650 698 652 659 Jan-16 643 705 654 659 Feb-16 646 691 652 659
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
14
Employment Rate Employment Population age 15+
City 905 Ontario Canada 67
66
65
64
63
62
61
60
59
58
57
56 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
15
Employment Rate Employment Population age 15+
City 905 Ontario Canada Feb-15 590 633 609 613 Mar-15 594 633 608 614 Apr-15 601 631 607 613 May-15 610 637 610 614 Jun-15 604 646 610 613 Jul-15 604 655 610 613 Aug-15 600 657 609 613 Sep-15 592 655 605 612 Oct-15 592 656 608 613 Nov-15 591 655 606 612 Dec-15 593 658 609 612 Jan-16 588 663 610 612 Feb-16 592 645 608 611
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
16
Indexed Employment (Jan 2010 = 100)
City 905 Ontario Canada 118
116
114
112
110
108
106
104
102
100
98
96 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
17
Employment
City 905 Ontario Canada Feb-15 14093 16988 69006 178850 Mar-15 14199 17011 69030 179139 Apr-15 14381 17001 68896 178974
May-15 14604 17173 69281 179467 Jun-15 14482 17459 69401 179469 Jul-15 14490 17742 69427 179519
Aug-15 14401 17834 69399 179721 Sep-15 14224 17821 69112 179779 Oct-15 14243 17888 69416 180210 Nov-15 14226 17896 69331 179881 Dec-15 14301 18001 69661 180109 Jan-16 14180 18178 69859 180052 Feb-16 14308 17714 69747 180029
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
18
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver
100
90
80
70
60
50
40
30
20 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash (February2016) Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
19
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver Feb-15 74 76 71 50 50 59 Mar-15 72 77 71 55 54 60 Apr-15 72 79 68 57 59 61 May-15 71 84 66 58 63 61 Jun-15 69 87 65 61 59 61 Jul-15 66 89 64 68 57 60 Aug-15 68 89 64 70 56 57 Sep-15 69 87 63 70 60 58 Oct-15 71 87 63 69 61 59 Nov-15 70 86 63 69 62 58 Dec-15 70 87 62 70 63 57 Jan-16 71 86 63 77 65 57 Feb-16 72 87 65 84 68 61
Source Statistics Canada ndash Labour Force Survey Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
20
High Rise Buildings Under Construction North American Cities (Emporis)
250
200
150
100
50
111
212
69
30
84
36
4
23
53
17 28
9 10
24
116
149
76
40
98
43
23 23
42
13 18
9 12 13
0
March 2016
March 2015
Source wwwemporiscom - Updated March 14 2016
21
Tallest Buildings Under Construction City of Toronto
Building Address Metres Feet Floors Year 1 Number One Bloor 1 Bloor St E 257 844 75 2016 2 Harbour Plaza Residences East 90 Harbour St 233 764 66 2017 3 Eau de Soleil Sky Tower 2183 Lakeshore Blvd W 228 749 66 2018 4 Ten York 10 York St 224 735 65 2019 5 Harbour Plaza Residences West 1 York St 224 735 62 2017 6 Massey Tower 197 Yonge St 208 683 60 2018 7 YC Condos 460 Yonge St 199 651 60 2019 8 Wellesley on the Park 11 Wellesley St W 194 637 60 2017 9 88 Scott 88 Scott St 204 669 58 2017 10 E Condos South 8 Eglinton E 196 642 58 2017 11 CASA II 42 Charles St E 185 605 57 2016 12 The Residences of 488 University Avenue 488 University Ave 207 679 55 2018 13 CASA III 50 Charles St E 180 589 55 2017 14 INDX Condominiums 66 Temperance St 179 587 54 2016 15 Karma 9 Grenville St 166 544 50 2016 16 Eau de Soleil Water Tower 2183 Lakeshore Blvd W 181 593 49 2018 17 Lagos at the Waterfront 2151 Lake Shore Blvd W 168 550 49 2016 18 87 Peter 87 Peter St 154 505 49 2017 19 Lighthouse Tower Condominium 132 Queens Quay E 182 598 48 2019 20 King Blue by Greenland North Tower 355 King St W 156 511 48 2018 21 Westlake Encore 10 Park Lawn Rd 147 481 45 2018 22 Bay-Adelaide Centre East Tower 333 Bay St 196 643 44 2016 23 Monde 12 Bonnycastle St 150 492 44 2017 24 King Blue by Greenland South Tower 355 King St W 140 461 44 2018 25 Alto 2205 Sheppard Ave E 130 427 43 2016 26 Bisha Hotel amp Residences 56 Blue Jay Way 147 482 41 2016 27 The Britt 955 Bay St 139 456 41 2017 28 Studio2 on Richmond 199 Richmond St W 131 430 41 2016 29 The Bond 290 Adelaide St W 122 402 41 2016 30 EY Tower 100 Adelaide St W 188 617 40 2017 31 Cumberland at Yorkville Plaza Cumberland St amp Avenue Rd 125 409 39 2017 32 21 Dundas 21 Dundas St 122 400 39 2016 33 E Condos North 8 Eglinton Ave E 123 403 38 2017 34 The Madison West 79 Dunfield Ave 121 397 36 2015 35 One York Street 1 York St 174 569 35 2016 36 Avani 1 at Metrogate 2055 Kennedy Rd 117 384 35 2016
Source This list was composed on March 14 2016 from the CTBUH Tall Buildings Database amp other sources
22
High Rise Buildings Under Construction North American Cities (Skyscraperpage)
0
20
40
60
80
100
120
140
160
70+ 60-69 50-59 40-49 30-39 20-29 9-19
Source wwwskyscraperpagecom - Updated March 14 2016
23
High Rise Buildings Under Construction City of Toronto by number of floors
Floors Number of Buildings Total Floors Percent of Total 70+ 1 75 19 60-69 7 439 108 50-59 11 452 112 40-49 20 790 195 30-39 25 957 236 20-29 22 517 128 9-19 51 823 203 Total 137 4053 1000
Source wwwskyscraperpagecom - Updated March 14 2016
24
Total Value of Building Permits City and ldquo905rdquo area
$20
City 905
$18
$16
$14
$12
$10
Bill
ions
$08
$06
$04
$02
$00 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
25
Total Value of Building Permits City and ldquo905rdquo area
3MMA 12MMA Billions $ Billions $
City 905 City 905 Jan-15 $058 $068 $057 $070 Feb-15 $048 $055 $054 $068 Mar-15 $043 $063 $055 $072 Apr-15 $084 $069 $063 $075 May-15 $088 $090 $064 $078 Jun-15 $087 $101 $062 $080 Jul-15 $049 $111 $063 $082 Aug-15 $075 $110 $065 $084 Sep-15 $069 $104 $065 $087 Oct-15 $074 $091 $065 $085 Nov-15 $049 $086 $065 $085 Dec-15 $061 $077 $066 $084 Jan-16 $053 $071 $063 $084
Source Statistics Canada 3 month amp 12 month moving averages
26
Value of ICI Building Permits City and ldquo905rdquo area
$900
City 905
$800
$700
$600
$500
ons
$400 Mill
i
$300
$200
$100
$0 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
27
Value of ICI Building Permits City and ldquo905rdquo area
3MMA 12MMA Millions $ Millions $
City 905 City 905 Jan-15 $2121 $1851 $2144 $2443 Feb-15 $2277 $1407 $2090 $2454 Mar-15 $2010 $1622 $2096 $2529 Apr-15 $5057 $1846 $2810 $2534 May-15 $5224 $2473 $2920 $2610 Jun-15 $5270 $3074 $2923 $2635 Jul-15 $2202 $3229 $2905 $2664 Aug-15 $3347 $3007 $3170 $2696 Sep-15 $3164 $2338 $3200 $2666 Oct-15 $3405 $2171 $3078 $2333 Nov-15 $1922 $2259 $3067 $2318 Dec-15 $2092 $2288 $3123 $2268 Jan-16 $1781 $2321 $3011 $2311
Source Statistics Canada 3 month amp 12 month moving averages
28
Value of Building Permits City of Toronto
$0
$100
$200
$300
$400
$500
$600
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Mill
ions
Residential Commercial Industrial Institutional
Source Statistics Canada 3 month moving averages (January2016)
29
Value of Building Permits City of Toronto
3MMA 12 MMA Millions $ Millions $
Residential Commercial Industrial Institutional Residential Commercial Industrial Institutional Jan-15 3725 1522 270 329 3569 1632 190 322 Feb-15 2567 1513 476 288 3324 1529 244 317 Mar-15 2300 1508 290 211 3388 1526 244 326 Apr-15 3324 1718 343 2996 3533 1589 254 967 May-15 3582 2077 121 3027 3433 1704 258 958 Jun-15 3382 2000 218 3051 3320 1694 264 965 Jul-15 2650 1656 202 343 3419 1687 243 975 Aug-15 4131 2812 197 339 3319 2008 239 923 Sep-15 3765 2705 186 273 3270 2002 259 939 Oct-15 4026 2701 150 553 3374 1850 246 981 Nov-15 2980 1124 219 579 3402 1831 246 990 Dec-15 4045 1244 145 703 3430 1857 240 1026 Jan-16 3486 1238 167 377 3314 1809 203 1000
Source Statistics Canada 3 month amp 12 month moving averages
30
Office Vacancy Rate amp Occupied Space Toronto Region
-150
-100
-050
000
050
100
150
200
4
5
6
7
8
9
10
11
12
13
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Vaca
ncy
Rat
e (li
nes)
City of Toronto 905
Change in O
ccupied Space (bars -millions sqft)
Source Cushman amp Wakefield
31
Office Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft)
City of Toronto 905 City of Toronto 905 11q1 64 96 054 006 11q2 62 96 030 -004 11q3 56 92 071 043 11q4 54 97 086 -010 12q1 55 94 -019 014 12q2 54 99 010 001 12q3 54 99 027 045 12q4 56 102 -036 005 13q1 55 97 009 025 13q2 53 103 009 -018 13q3 57 108 -079 -017 13q4 61 106 162 028 14q1 67 113 -088 -040 14q2 65 110 016 023 14q3 61 111 050 021 14q4 61 112 144 042 15q1 62 112 -047 040 15q2 62 121 -011 -001 15q3 59 116 049 026 15q4 60 113 -005 018
Source Cushman amp Wakefield
32
Quarterly Change in Occupied Office Space Toronto Region
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Downtown Rest of City 905
Source Cushman amp Wakefield
33
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Participation Rate
City 905 Ontario Canada Feb-15 642 678 654 658 Mar-15 643 678 653 659 Apr-15 649 677 651 658 May-15 660 680 652 659 Jun-15 652 688 652 658 Jul-15 647 697 652 658 Aug-15 648 708 653 659 Sep-15 642 700 650 659 Oct-15 641 700 652 660 Nov-15 644 697 651 658 Dec-15 650 698 652 659 Jan-16 643 705 654 659 Feb-16 646 691 652 659
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
14
Employment Rate Employment Population age 15+
City 905 Ontario Canada 67
66
65
64
63
62
61
60
59
58
57
56 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
15
Employment Rate Employment Population age 15+
City 905 Ontario Canada Feb-15 590 633 609 613 Mar-15 594 633 608 614 Apr-15 601 631 607 613 May-15 610 637 610 614 Jun-15 604 646 610 613 Jul-15 604 655 610 613 Aug-15 600 657 609 613 Sep-15 592 655 605 612 Oct-15 592 656 608 613 Nov-15 591 655 606 612 Dec-15 593 658 609 612 Jan-16 588 663 610 612 Feb-16 592 645 608 611
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
16
Indexed Employment (Jan 2010 = 100)
City 905 Ontario Canada 118
116
114
112
110
108
106
104
102
100
98
96 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
17
Employment
City 905 Ontario Canada Feb-15 14093 16988 69006 178850 Mar-15 14199 17011 69030 179139 Apr-15 14381 17001 68896 178974
May-15 14604 17173 69281 179467 Jun-15 14482 17459 69401 179469 Jul-15 14490 17742 69427 179519
Aug-15 14401 17834 69399 179721 Sep-15 14224 17821 69112 179779 Oct-15 14243 17888 69416 180210 Nov-15 14226 17896 69331 179881 Dec-15 14301 18001 69661 180109 Jan-16 14180 18178 69859 180052 Feb-16 14308 17714 69747 180029
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
18
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver
100
90
80
70
60
50
40
30
20 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash (February2016) Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
19
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver Feb-15 74 76 71 50 50 59 Mar-15 72 77 71 55 54 60 Apr-15 72 79 68 57 59 61 May-15 71 84 66 58 63 61 Jun-15 69 87 65 61 59 61 Jul-15 66 89 64 68 57 60 Aug-15 68 89 64 70 56 57 Sep-15 69 87 63 70 60 58 Oct-15 71 87 63 69 61 59 Nov-15 70 86 63 69 62 58 Dec-15 70 87 62 70 63 57 Jan-16 71 86 63 77 65 57 Feb-16 72 87 65 84 68 61
Source Statistics Canada ndash Labour Force Survey Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
20
High Rise Buildings Under Construction North American Cities (Emporis)
250
200
150
100
50
111
212
69
30
84
36
4
23
53
17 28
9 10
24
116
149
76
40
98
43
23 23
42
13 18
9 12 13
0
March 2016
March 2015
Source wwwemporiscom - Updated March 14 2016
21
Tallest Buildings Under Construction City of Toronto
Building Address Metres Feet Floors Year 1 Number One Bloor 1 Bloor St E 257 844 75 2016 2 Harbour Plaza Residences East 90 Harbour St 233 764 66 2017 3 Eau de Soleil Sky Tower 2183 Lakeshore Blvd W 228 749 66 2018 4 Ten York 10 York St 224 735 65 2019 5 Harbour Plaza Residences West 1 York St 224 735 62 2017 6 Massey Tower 197 Yonge St 208 683 60 2018 7 YC Condos 460 Yonge St 199 651 60 2019 8 Wellesley on the Park 11 Wellesley St W 194 637 60 2017 9 88 Scott 88 Scott St 204 669 58 2017 10 E Condos South 8 Eglinton E 196 642 58 2017 11 CASA II 42 Charles St E 185 605 57 2016 12 The Residences of 488 University Avenue 488 University Ave 207 679 55 2018 13 CASA III 50 Charles St E 180 589 55 2017 14 INDX Condominiums 66 Temperance St 179 587 54 2016 15 Karma 9 Grenville St 166 544 50 2016 16 Eau de Soleil Water Tower 2183 Lakeshore Blvd W 181 593 49 2018 17 Lagos at the Waterfront 2151 Lake Shore Blvd W 168 550 49 2016 18 87 Peter 87 Peter St 154 505 49 2017 19 Lighthouse Tower Condominium 132 Queens Quay E 182 598 48 2019 20 King Blue by Greenland North Tower 355 King St W 156 511 48 2018 21 Westlake Encore 10 Park Lawn Rd 147 481 45 2018 22 Bay-Adelaide Centre East Tower 333 Bay St 196 643 44 2016 23 Monde 12 Bonnycastle St 150 492 44 2017 24 King Blue by Greenland South Tower 355 King St W 140 461 44 2018 25 Alto 2205 Sheppard Ave E 130 427 43 2016 26 Bisha Hotel amp Residences 56 Blue Jay Way 147 482 41 2016 27 The Britt 955 Bay St 139 456 41 2017 28 Studio2 on Richmond 199 Richmond St W 131 430 41 2016 29 The Bond 290 Adelaide St W 122 402 41 2016 30 EY Tower 100 Adelaide St W 188 617 40 2017 31 Cumberland at Yorkville Plaza Cumberland St amp Avenue Rd 125 409 39 2017 32 21 Dundas 21 Dundas St 122 400 39 2016 33 E Condos North 8 Eglinton Ave E 123 403 38 2017 34 The Madison West 79 Dunfield Ave 121 397 36 2015 35 One York Street 1 York St 174 569 35 2016 36 Avani 1 at Metrogate 2055 Kennedy Rd 117 384 35 2016
Source This list was composed on March 14 2016 from the CTBUH Tall Buildings Database amp other sources
22
High Rise Buildings Under Construction North American Cities (Skyscraperpage)
0
20
40
60
80
100
120
140
160
70+ 60-69 50-59 40-49 30-39 20-29 9-19
Source wwwskyscraperpagecom - Updated March 14 2016
23
High Rise Buildings Under Construction City of Toronto by number of floors
Floors Number of Buildings Total Floors Percent of Total 70+ 1 75 19 60-69 7 439 108 50-59 11 452 112 40-49 20 790 195 30-39 25 957 236 20-29 22 517 128 9-19 51 823 203 Total 137 4053 1000
Source wwwskyscraperpagecom - Updated March 14 2016
24
Total Value of Building Permits City and ldquo905rdquo area
$20
City 905
$18
$16
$14
$12
$10
Bill
ions
$08
$06
$04
$02
$00 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
25
Total Value of Building Permits City and ldquo905rdquo area
3MMA 12MMA Billions $ Billions $
City 905 City 905 Jan-15 $058 $068 $057 $070 Feb-15 $048 $055 $054 $068 Mar-15 $043 $063 $055 $072 Apr-15 $084 $069 $063 $075 May-15 $088 $090 $064 $078 Jun-15 $087 $101 $062 $080 Jul-15 $049 $111 $063 $082 Aug-15 $075 $110 $065 $084 Sep-15 $069 $104 $065 $087 Oct-15 $074 $091 $065 $085 Nov-15 $049 $086 $065 $085 Dec-15 $061 $077 $066 $084 Jan-16 $053 $071 $063 $084
Source Statistics Canada 3 month amp 12 month moving averages
26
Value of ICI Building Permits City and ldquo905rdquo area
$900
City 905
$800
$700
$600
$500
ons
$400 Mill
i
$300
$200
$100
$0 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
27
Value of ICI Building Permits City and ldquo905rdquo area
3MMA 12MMA Millions $ Millions $
City 905 City 905 Jan-15 $2121 $1851 $2144 $2443 Feb-15 $2277 $1407 $2090 $2454 Mar-15 $2010 $1622 $2096 $2529 Apr-15 $5057 $1846 $2810 $2534 May-15 $5224 $2473 $2920 $2610 Jun-15 $5270 $3074 $2923 $2635 Jul-15 $2202 $3229 $2905 $2664 Aug-15 $3347 $3007 $3170 $2696 Sep-15 $3164 $2338 $3200 $2666 Oct-15 $3405 $2171 $3078 $2333 Nov-15 $1922 $2259 $3067 $2318 Dec-15 $2092 $2288 $3123 $2268 Jan-16 $1781 $2321 $3011 $2311
Source Statistics Canada 3 month amp 12 month moving averages
28
Value of Building Permits City of Toronto
$0
$100
$200
$300
$400
$500
$600
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Mill
ions
Residential Commercial Industrial Institutional
Source Statistics Canada 3 month moving averages (January2016)
29
Value of Building Permits City of Toronto
3MMA 12 MMA Millions $ Millions $
Residential Commercial Industrial Institutional Residential Commercial Industrial Institutional Jan-15 3725 1522 270 329 3569 1632 190 322 Feb-15 2567 1513 476 288 3324 1529 244 317 Mar-15 2300 1508 290 211 3388 1526 244 326 Apr-15 3324 1718 343 2996 3533 1589 254 967 May-15 3582 2077 121 3027 3433 1704 258 958 Jun-15 3382 2000 218 3051 3320 1694 264 965 Jul-15 2650 1656 202 343 3419 1687 243 975 Aug-15 4131 2812 197 339 3319 2008 239 923 Sep-15 3765 2705 186 273 3270 2002 259 939 Oct-15 4026 2701 150 553 3374 1850 246 981 Nov-15 2980 1124 219 579 3402 1831 246 990 Dec-15 4045 1244 145 703 3430 1857 240 1026 Jan-16 3486 1238 167 377 3314 1809 203 1000
Source Statistics Canada 3 month amp 12 month moving averages
30
Office Vacancy Rate amp Occupied Space Toronto Region
-150
-100
-050
000
050
100
150
200
4
5
6
7
8
9
10
11
12
13
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Vaca
ncy
Rat
e (li
nes)
City of Toronto 905
Change in O
ccupied Space (bars -millions sqft)
Source Cushman amp Wakefield
31
Office Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft)
City of Toronto 905 City of Toronto 905 11q1 64 96 054 006 11q2 62 96 030 -004 11q3 56 92 071 043 11q4 54 97 086 -010 12q1 55 94 -019 014 12q2 54 99 010 001 12q3 54 99 027 045 12q4 56 102 -036 005 13q1 55 97 009 025 13q2 53 103 009 -018 13q3 57 108 -079 -017 13q4 61 106 162 028 14q1 67 113 -088 -040 14q2 65 110 016 023 14q3 61 111 050 021 14q4 61 112 144 042 15q1 62 112 -047 040 15q2 62 121 -011 -001 15q3 59 116 049 026 15q4 60 113 -005 018
Source Cushman amp Wakefield
32
Quarterly Change in Occupied Office Space Toronto Region
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Downtown Rest of City 905
Source Cushman amp Wakefield
33
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Employment Rate Employment Population age 15+
City 905 Ontario Canada 67
66
65
64
63
62
61
60
59
58
57
56 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
15
Employment Rate Employment Population age 15+
City 905 Ontario Canada Feb-15 590 633 609 613 Mar-15 594 633 608 614 Apr-15 601 631 607 613 May-15 610 637 610 614 Jun-15 604 646 610 613 Jul-15 604 655 610 613 Aug-15 600 657 609 613 Sep-15 592 655 605 612 Oct-15 592 656 608 613 Nov-15 591 655 606 612 Dec-15 593 658 609 612 Jan-16 588 663 610 612 Feb-16 592 645 608 611
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
16
Indexed Employment (Jan 2010 = 100)
City 905 Ontario Canada 118
116
114
112
110
108
106
104
102
100
98
96 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
17
Employment
City 905 Ontario Canada Feb-15 14093 16988 69006 178850 Mar-15 14199 17011 69030 179139 Apr-15 14381 17001 68896 178974
May-15 14604 17173 69281 179467 Jun-15 14482 17459 69401 179469 Jul-15 14490 17742 69427 179519
Aug-15 14401 17834 69399 179721 Sep-15 14224 17821 69112 179779 Oct-15 14243 17888 69416 180210 Nov-15 14226 17896 69331 179881 Dec-15 14301 18001 69661 180109 Jan-16 14180 18178 69859 180052 Feb-16 14308 17714 69747 180029
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
18
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver
100
90
80
70
60
50
40
30
20 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash (February2016) Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
19
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver Feb-15 74 76 71 50 50 59 Mar-15 72 77 71 55 54 60 Apr-15 72 79 68 57 59 61 May-15 71 84 66 58 63 61 Jun-15 69 87 65 61 59 61 Jul-15 66 89 64 68 57 60 Aug-15 68 89 64 70 56 57 Sep-15 69 87 63 70 60 58 Oct-15 71 87 63 69 61 59 Nov-15 70 86 63 69 62 58 Dec-15 70 87 62 70 63 57 Jan-16 71 86 63 77 65 57 Feb-16 72 87 65 84 68 61
Source Statistics Canada ndash Labour Force Survey Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
20
High Rise Buildings Under Construction North American Cities (Emporis)
250
200
150
100
50
111
212
69
30
84
36
4
23
53
17 28
9 10
24
116
149
76
40
98
43
23 23
42
13 18
9 12 13
0
March 2016
March 2015
Source wwwemporiscom - Updated March 14 2016
21
Tallest Buildings Under Construction City of Toronto
Building Address Metres Feet Floors Year 1 Number One Bloor 1 Bloor St E 257 844 75 2016 2 Harbour Plaza Residences East 90 Harbour St 233 764 66 2017 3 Eau de Soleil Sky Tower 2183 Lakeshore Blvd W 228 749 66 2018 4 Ten York 10 York St 224 735 65 2019 5 Harbour Plaza Residences West 1 York St 224 735 62 2017 6 Massey Tower 197 Yonge St 208 683 60 2018 7 YC Condos 460 Yonge St 199 651 60 2019 8 Wellesley on the Park 11 Wellesley St W 194 637 60 2017 9 88 Scott 88 Scott St 204 669 58 2017 10 E Condos South 8 Eglinton E 196 642 58 2017 11 CASA II 42 Charles St E 185 605 57 2016 12 The Residences of 488 University Avenue 488 University Ave 207 679 55 2018 13 CASA III 50 Charles St E 180 589 55 2017 14 INDX Condominiums 66 Temperance St 179 587 54 2016 15 Karma 9 Grenville St 166 544 50 2016 16 Eau de Soleil Water Tower 2183 Lakeshore Blvd W 181 593 49 2018 17 Lagos at the Waterfront 2151 Lake Shore Blvd W 168 550 49 2016 18 87 Peter 87 Peter St 154 505 49 2017 19 Lighthouse Tower Condominium 132 Queens Quay E 182 598 48 2019 20 King Blue by Greenland North Tower 355 King St W 156 511 48 2018 21 Westlake Encore 10 Park Lawn Rd 147 481 45 2018 22 Bay-Adelaide Centre East Tower 333 Bay St 196 643 44 2016 23 Monde 12 Bonnycastle St 150 492 44 2017 24 King Blue by Greenland South Tower 355 King St W 140 461 44 2018 25 Alto 2205 Sheppard Ave E 130 427 43 2016 26 Bisha Hotel amp Residences 56 Blue Jay Way 147 482 41 2016 27 The Britt 955 Bay St 139 456 41 2017 28 Studio2 on Richmond 199 Richmond St W 131 430 41 2016 29 The Bond 290 Adelaide St W 122 402 41 2016 30 EY Tower 100 Adelaide St W 188 617 40 2017 31 Cumberland at Yorkville Plaza Cumberland St amp Avenue Rd 125 409 39 2017 32 21 Dundas 21 Dundas St 122 400 39 2016 33 E Condos North 8 Eglinton Ave E 123 403 38 2017 34 The Madison West 79 Dunfield Ave 121 397 36 2015 35 One York Street 1 York St 174 569 35 2016 36 Avani 1 at Metrogate 2055 Kennedy Rd 117 384 35 2016
Source This list was composed on March 14 2016 from the CTBUH Tall Buildings Database amp other sources
22
High Rise Buildings Under Construction North American Cities (Skyscraperpage)
0
20
40
60
80
100
120
140
160
70+ 60-69 50-59 40-49 30-39 20-29 9-19
Source wwwskyscraperpagecom - Updated March 14 2016
23
High Rise Buildings Under Construction City of Toronto by number of floors
Floors Number of Buildings Total Floors Percent of Total 70+ 1 75 19 60-69 7 439 108 50-59 11 452 112 40-49 20 790 195 30-39 25 957 236 20-29 22 517 128 9-19 51 823 203 Total 137 4053 1000
Source wwwskyscraperpagecom - Updated March 14 2016
24
Total Value of Building Permits City and ldquo905rdquo area
$20
City 905
$18
$16
$14
$12
$10
Bill
ions
$08
$06
$04
$02
$00 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
25
Total Value of Building Permits City and ldquo905rdquo area
3MMA 12MMA Billions $ Billions $
City 905 City 905 Jan-15 $058 $068 $057 $070 Feb-15 $048 $055 $054 $068 Mar-15 $043 $063 $055 $072 Apr-15 $084 $069 $063 $075 May-15 $088 $090 $064 $078 Jun-15 $087 $101 $062 $080 Jul-15 $049 $111 $063 $082 Aug-15 $075 $110 $065 $084 Sep-15 $069 $104 $065 $087 Oct-15 $074 $091 $065 $085 Nov-15 $049 $086 $065 $085 Dec-15 $061 $077 $066 $084 Jan-16 $053 $071 $063 $084
Source Statistics Canada 3 month amp 12 month moving averages
26
Value of ICI Building Permits City and ldquo905rdquo area
$900
City 905
$800
$700
$600
$500
ons
$400 Mill
i
$300
$200
$100
$0 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
27
Value of ICI Building Permits City and ldquo905rdquo area
3MMA 12MMA Millions $ Millions $
City 905 City 905 Jan-15 $2121 $1851 $2144 $2443 Feb-15 $2277 $1407 $2090 $2454 Mar-15 $2010 $1622 $2096 $2529 Apr-15 $5057 $1846 $2810 $2534 May-15 $5224 $2473 $2920 $2610 Jun-15 $5270 $3074 $2923 $2635 Jul-15 $2202 $3229 $2905 $2664 Aug-15 $3347 $3007 $3170 $2696 Sep-15 $3164 $2338 $3200 $2666 Oct-15 $3405 $2171 $3078 $2333 Nov-15 $1922 $2259 $3067 $2318 Dec-15 $2092 $2288 $3123 $2268 Jan-16 $1781 $2321 $3011 $2311
Source Statistics Canada 3 month amp 12 month moving averages
28
Value of Building Permits City of Toronto
$0
$100
$200
$300
$400
$500
$600
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Mill
ions
Residential Commercial Industrial Institutional
Source Statistics Canada 3 month moving averages (January2016)
29
Value of Building Permits City of Toronto
3MMA 12 MMA Millions $ Millions $
Residential Commercial Industrial Institutional Residential Commercial Industrial Institutional Jan-15 3725 1522 270 329 3569 1632 190 322 Feb-15 2567 1513 476 288 3324 1529 244 317 Mar-15 2300 1508 290 211 3388 1526 244 326 Apr-15 3324 1718 343 2996 3533 1589 254 967 May-15 3582 2077 121 3027 3433 1704 258 958 Jun-15 3382 2000 218 3051 3320 1694 264 965 Jul-15 2650 1656 202 343 3419 1687 243 975 Aug-15 4131 2812 197 339 3319 2008 239 923 Sep-15 3765 2705 186 273 3270 2002 259 939 Oct-15 4026 2701 150 553 3374 1850 246 981 Nov-15 2980 1124 219 579 3402 1831 246 990 Dec-15 4045 1244 145 703 3430 1857 240 1026 Jan-16 3486 1238 167 377 3314 1809 203 1000
Source Statistics Canada 3 month amp 12 month moving averages
30
Office Vacancy Rate amp Occupied Space Toronto Region
-150
-100
-050
000
050
100
150
200
4
5
6
7
8
9
10
11
12
13
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Vaca
ncy
Rat
e (li
nes)
City of Toronto 905
Change in O
ccupied Space (bars -millions sqft)
Source Cushman amp Wakefield
31
Office Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft)
City of Toronto 905 City of Toronto 905 11q1 64 96 054 006 11q2 62 96 030 -004 11q3 56 92 071 043 11q4 54 97 086 -010 12q1 55 94 -019 014 12q2 54 99 010 001 12q3 54 99 027 045 12q4 56 102 -036 005 13q1 55 97 009 025 13q2 53 103 009 -018 13q3 57 108 -079 -017 13q4 61 106 162 028 14q1 67 113 -088 -040 14q2 65 110 016 023 14q3 61 111 050 021 14q4 61 112 144 042 15q1 62 112 -047 040 15q2 62 121 -011 -001 15q3 59 116 049 026 15q4 60 113 -005 018
Source Cushman amp Wakefield
32
Quarterly Change in Occupied Office Space Toronto Region
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Downtown Rest of City 905
Source Cushman amp Wakefield
33
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Employment Rate Employment Population age 15+
City 905 Ontario Canada Feb-15 590 633 609 613 Mar-15 594 633 608 614 Apr-15 601 631 607 613 May-15 610 637 610 614 Jun-15 604 646 610 613 Jul-15 604 655 610 613 Aug-15 600 657 609 613 Sep-15 592 655 605 612 Oct-15 592 656 608 613 Nov-15 591 655 606 612 Dec-15 593 658 609 612 Jan-16 588 663 610 612 Feb-16 592 645 608 611
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
16
Indexed Employment (Jan 2010 = 100)
City 905 Ontario Canada 118
116
114
112
110
108
106
104
102
100
98
96 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
17
Employment
City 905 Ontario Canada Feb-15 14093 16988 69006 178850 Mar-15 14199 17011 69030 179139 Apr-15 14381 17001 68896 178974
May-15 14604 17173 69281 179467 Jun-15 14482 17459 69401 179469 Jul-15 14490 17742 69427 179519
Aug-15 14401 17834 69399 179721 Sep-15 14224 17821 69112 179779 Oct-15 14243 17888 69416 180210 Nov-15 14226 17896 69331 179881 Dec-15 14301 18001 69661 180109 Jan-16 14180 18178 69859 180052 Feb-16 14308 17714 69747 180029
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
18
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver
100
90
80
70
60
50
40
30
20 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash (February2016) Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
19
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver Feb-15 74 76 71 50 50 59 Mar-15 72 77 71 55 54 60 Apr-15 72 79 68 57 59 61 May-15 71 84 66 58 63 61 Jun-15 69 87 65 61 59 61 Jul-15 66 89 64 68 57 60 Aug-15 68 89 64 70 56 57 Sep-15 69 87 63 70 60 58 Oct-15 71 87 63 69 61 59 Nov-15 70 86 63 69 62 58 Dec-15 70 87 62 70 63 57 Jan-16 71 86 63 77 65 57 Feb-16 72 87 65 84 68 61
Source Statistics Canada ndash Labour Force Survey Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
20
High Rise Buildings Under Construction North American Cities (Emporis)
250
200
150
100
50
111
212
69
30
84
36
4
23
53
17 28
9 10
24
116
149
76
40
98
43
23 23
42
13 18
9 12 13
0
March 2016
March 2015
Source wwwemporiscom - Updated March 14 2016
21
Tallest Buildings Under Construction City of Toronto
Building Address Metres Feet Floors Year 1 Number One Bloor 1 Bloor St E 257 844 75 2016 2 Harbour Plaza Residences East 90 Harbour St 233 764 66 2017 3 Eau de Soleil Sky Tower 2183 Lakeshore Blvd W 228 749 66 2018 4 Ten York 10 York St 224 735 65 2019 5 Harbour Plaza Residences West 1 York St 224 735 62 2017 6 Massey Tower 197 Yonge St 208 683 60 2018 7 YC Condos 460 Yonge St 199 651 60 2019 8 Wellesley on the Park 11 Wellesley St W 194 637 60 2017 9 88 Scott 88 Scott St 204 669 58 2017 10 E Condos South 8 Eglinton E 196 642 58 2017 11 CASA II 42 Charles St E 185 605 57 2016 12 The Residences of 488 University Avenue 488 University Ave 207 679 55 2018 13 CASA III 50 Charles St E 180 589 55 2017 14 INDX Condominiums 66 Temperance St 179 587 54 2016 15 Karma 9 Grenville St 166 544 50 2016 16 Eau de Soleil Water Tower 2183 Lakeshore Blvd W 181 593 49 2018 17 Lagos at the Waterfront 2151 Lake Shore Blvd W 168 550 49 2016 18 87 Peter 87 Peter St 154 505 49 2017 19 Lighthouse Tower Condominium 132 Queens Quay E 182 598 48 2019 20 King Blue by Greenland North Tower 355 King St W 156 511 48 2018 21 Westlake Encore 10 Park Lawn Rd 147 481 45 2018 22 Bay-Adelaide Centre East Tower 333 Bay St 196 643 44 2016 23 Monde 12 Bonnycastle St 150 492 44 2017 24 King Blue by Greenland South Tower 355 King St W 140 461 44 2018 25 Alto 2205 Sheppard Ave E 130 427 43 2016 26 Bisha Hotel amp Residences 56 Blue Jay Way 147 482 41 2016 27 The Britt 955 Bay St 139 456 41 2017 28 Studio2 on Richmond 199 Richmond St W 131 430 41 2016 29 The Bond 290 Adelaide St W 122 402 41 2016 30 EY Tower 100 Adelaide St W 188 617 40 2017 31 Cumberland at Yorkville Plaza Cumberland St amp Avenue Rd 125 409 39 2017 32 21 Dundas 21 Dundas St 122 400 39 2016 33 E Condos North 8 Eglinton Ave E 123 403 38 2017 34 The Madison West 79 Dunfield Ave 121 397 36 2015 35 One York Street 1 York St 174 569 35 2016 36 Avani 1 at Metrogate 2055 Kennedy Rd 117 384 35 2016
Source This list was composed on March 14 2016 from the CTBUH Tall Buildings Database amp other sources
22
High Rise Buildings Under Construction North American Cities (Skyscraperpage)
0
20
40
60
80
100
120
140
160
70+ 60-69 50-59 40-49 30-39 20-29 9-19
Source wwwskyscraperpagecom - Updated March 14 2016
23
High Rise Buildings Under Construction City of Toronto by number of floors
Floors Number of Buildings Total Floors Percent of Total 70+ 1 75 19 60-69 7 439 108 50-59 11 452 112 40-49 20 790 195 30-39 25 957 236 20-29 22 517 128 9-19 51 823 203 Total 137 4053 1000
Source wwwskyscraperpagecom - Updated March 14 2016
24
Total Value of Building Permits City and ldquo905rdquo area
$20
City 905
$18
$16
$14
$12
$10
Bill
ions
$08
$06
$04
$02
$00 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
25
Total Value of Building Permits City and ldquo905rdquo area
3MMA 12MMA Billions $ Billions $
City 905 City 905 Jan-15 $058 $068 $057 $070 Feb-15 $048 $055 $054 $068 Mar-15 $043 $063 $055 $072 Apr-15 $084 $069 $063 $075 May-15 $088 $090 $064 $078 Jun-15 $087 $101 $062 $080 Jul-15 $049 $111 $063 $082 Aug-15 $075 $110 $065 $084 Sep-15 $069 $104 $065 $087 Oct-15 $074 $091 $065 $085 Nov-15 $049 $086 $065 $085 Dec-15 $061 $077 $066 $084 Jan-16 $053 $071 $063 $084
Source Statistics Canada 3 month amp 12 month moving averages
26
Value of ICI Building Permits City and ldquo905rdquo area
$900
City 905
$800
$700
$600
$500
ons
$400 Mill
i
$300
$200
$100
$0 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
27
Value of ICI Building Permits City and ldquo905rdquo area
3MMA 12MMA Millions $ Millions $
City 905 City 905 Jan-15 $2121 $1851 $2144 $2443 Feb-15 $2277 $1407 $2090 $2454 Mar-15 $2010 $1622 $2096 $2529 Apr-15 $5057 $1846 $2810 $2534 May-15 $5224 $2473 $2920 $2610 Jun-15 $5270 $3074 $2923 $2635 Jul-15 $2202 $3229 $2905 $2664 Aug-15 $3347 $3007 $3170 $2696 Sep-15 $3164 $2338 $3200 $2666 Oct-15 $3405 $2171 $3078 $2333 Nov-15 $1922 $2259 $3067 $2318 Dec-15 $2092 $2288 $3123 $2268 Jan-16 $1781 $2321 $3011 $2311
Source Statistics Canada 3 month amp 12 month moving averages
28
Value of Building Permits City of Toronto
$0
$100
$200
$300
$400
$500
$600
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Mill
ions
Residential Commercial Industrial Institutional
Source Statistics Canada 3 month moving averages (January2016)
29
Value of Building Permits City of Toronto
3MMA 12 MMA Millions $ Millions $
Residential Commercial Industrial Institutional Residential Commercial Industrial Institutional Jan-15 3725 1522 270 329 3569 1632 190 322 Feb-15 2567 1513 476 288 3324 1529 244 317 Mar-15 2300 1508 290 211 3388 1526 244 326 Apr-15 3324 1718 343 2996 3533 1589 254 967 May-15 3582 2077 121 3027 3433 1704 258 958 Jun-15 3382 2000 218 3051 3320 1694 264 965 Jul-15 2650 1656 202 343 3419 1687 243 975 Aug-15 4131 2812 197 339 3319 2008 239 923 Sep-15 3765 2705 186 273 3270 2002 259 939 Oct-15 4026 2701 150 553 3374 1850 246 981 Nov-15 2980 1124 219 579 3402 1831 246 990 Dec-15 4045 1244 145 703 3430 1857 240 1026 Jan-16 3486 1238 167 377 3314 1809 203 1000
Source Statistics Canada 3 month amp 12 month moving averages
30
Office Vacancy Rate amp Occupied Space Toronto Region
-150
-100
-050
000
050
100
150
200
4
5
6
7
8
9
10
11
12
13
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Vaca
ncy
Rat
e (li
nes)
City of Toronto 905
Change in O
ccupied Space (bars -millions sqft)
Source Cushman amp Wakefield
31
Office Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft)
City of Toronto 905 City of Toronto 905 11q1 64 96 054 006 11q2 62 96 030 -004 11q3 56 92 071 043 11q4 54 97 086 -010 12q1 55 94 -019 014 12q2 54 99 010 001 12q3 54 99 027 045 12q4 56 102 -036 005 13q1 55 97 009 025 13q2 53 103 009 -018 13q3 57 108 -079 -017 13q4 61 106 162 028 14q1 67 113 -088 -040 14q2 65 110 016 023 14q3 61 111 050 021 14q4 61 112 144 042 15q1 62 112 -047 040 15q2 62 121 -011 -001 15q3 59 116 049 026 15q4 60 113 -005 018
Source Cushman amp Wakefield
32
Quarterly Change in Occupied Office Space Toronto Region
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Downtown Rest of City 905
Source Cushman amp Wakefield
33
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Indexed Employment (Jan 2010 = 100)
City 905 Ontario Canada 118
116
114
112
110
108
106
104
102
100
98
96 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data ndash (February2016) City of Toronto population rebased and seasonal adjustments by City staff
17
Employment
City 905 Ontario Canada Feb-15 14093 16988 69006 178850 Mar-15 14199 17011 69030 179139 Apr-15 14381 17001 68896 178974
May-15 14604 17173 69281 179467 Jun-15 14482 17459 69401 179469 Jul-15 14490 17742 69427 179519
Aug-15 14401 17834 69399 179721 Sep-15 14224 17821 69112 179779 Oct-15 14243 17888 69416 180210 Nov-15 14226 17896 69331 179881 Dec-15 14301 18001 69661 180109 Jan-16 14180 18178 69859 180052 Feb-16 14308 17714 69747 180029
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
18
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver
100
90
80
70
60
50
40
30
20 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash (February2016) Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
19
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver Feb-15 74 76 71 50 50 59 Mar-15 72 77 71 55 54 60 Apr-15 72 79 68 57 59 61 May-15 71 84 66 58 63 61 Jun-15 69 87 65 61 59 61 Jul-15 66 89 64 68 57 60 Aug-15 68 89 64 70 56 57 Sep-15 69 87 63 70 60 58 Oct-15 71 87 63 69 61 59 Nov-15 70 86 63 69 62 58 Dec-15 70 87 62 70 63 57 Jan-16 71 86 63 77 65 57 Feb-16 72 87 65 84 68 61
Source Statistics Canada ndash Labour Force Survey Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
20
High Rise Buildings Under Construction North American Cities (Emporis)
250
200
150
100
50
111
212
69
30
84
36
4
23
53
17 28
9 10
24
116
149
76
40
98
43
23 23
42
13 18
9 12 13
0
March 2016
March 2015
Source wwwemporiscom - Updated March 14 2016
21
Tallest Buildings Under Construction City of Toronto
Building Address Metres Feet Floors Year 1 Number One Bloor 1 Bloor St E 257 844 75 2016 2 Harbour Plaza Residences East 90 Harbour St 233 764 66 2017 3 Eau de Soleil Sky Tower 2183 Lakeshore Blvd W 228 749 66 2018 4 Ten York 10 York St 224 735 65 2019 5 Harbour Plaza Residences West 1 York St 224 735 62 2017 6 Massey Tower 197 Yonge St 208 683 60 2018 7 YC Condos 460 Yonge St 199 651 60 2019 8 Wellesley on the Park 11 Wellesley St W 194 637 60 2017 9 88 Scott 88 Scott St 204 669 58 2017 10 E Condos South 8 Eglinton E 196 642 58 2017 11 CASA II 42 Charles St E 185 605 57 2016 12 The Residences of 488 University Avenue 488 University Ave 207 679 55 2018 13 CASA III 50 Charles St E 180 589 55 2017 14 INDX Condominiums 66 Temperance St 179 587 54 2016 15 Karma 9 Grenville St 166 544 50 2016 16 Eau de Soleil Water Tower 2183 Lakeshore Blvd W 181 593 49 2018 17 Lagos at the Waterfront 2151 Lake Shore Blvd W 168 550 49 2016 18 87 Peter 87 Peter St 154 505 49 2017 19 Lighthouse Tower Condominium 132 Queens Quay E 182 598 48 2019 20 King Blue by Greenland North Tower 355 King St W 156 511 48 2018 21 Westlake Encore 10 Park Lawn Rd 147 481 45 2018 22 Bay-Adelaide Centre East Tower 333 Bay St 196 643 44 2016 23 Monde 12 Bonnycastle St 150 492 44 2017 24 King Blue by Greenland South Tower 355 King St W 140 461 44 2018 25 Alto 2205 Sheppard Ave E 130 427 43 2016 26 Bisha Hotel amp Residences 56 Blue Jay Way 147 482 41 2016 27 The Britt 955 Bay St 139 456 41 2017 28 Studio2 on Richmond 199 Richmond St W 131 430 41 2016 29 The Bond 290 Adelaide St W 122 402 41 2016 30 EY Tower 100 Adelaide St W 188 617 40 2017 31 Cumberland at Yorkville Plaza Cumberland St amp Avenue Rd 125 409 39 2017 32 21 Dundas 21 Dundas St 122 400 39 2016 33 E Condos North 8 Eglinton Ave E 123 403 38 2017 34 The Madison West 79 Dunfield Ave 121 397 36 2015 35 One York Street 1 York St 174 569 35 2016 36 Avani 1 at Metrogate 2055 Kennedy Rd 117 384 35 2016
Source This list was composed on March 14 2016 from the CTBUH Tall Buildings Database amp other sources
22
High Rise Buildings Under Construction North American Cities (Skyscraperpage)
0
20
40
60
80
100
120
140
160
70+ 60-69 50-59 40-49 30-39 20-29 9-19
Source wwwskyscraperpagecom - Updated March 14 2016
23
High Rise Buildings Under Construction City of Toronto by number of floors
Floors Number of Buildings Total Floors Percent of Total 70+ 1 75 19 60-69 7 439 108 50-59 11 452 112 40-49 20 790 195 30-39 25 957 236 20-29 22 517 128 9-19 51 823 203 Total 137 4053 1000
Source wwwskyscraperpagecom - Updated March 14 2016
24
Total Value of Building Permits City and ldquo905rdquo area
$20
City 905
$18
$16
$14
$12
$10
Bill
ions
$08
$06
$04
$02
$00 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
25
Total Value of Building Permits City and ldquo905rdquo area
3MMA 12MMA Billions $ Billions $
City 905 City 905 Jan-15 $058 $068 $057 $070 Feb-15 $048 $055 $054 $068 Mar-15 $043 $063 $055 $072 Apr-15 $084 $069 $063 $075 May-15 $088 $090 $064 $078 Jun-15 $087 $101 $062 $080 Jul-15 $049 $111 $063 $082 Aug-15 $075 $110 $065 $084 Sep-15 $069 $104 $065 $087 Oct-15 $074 $091 $065 $085 Nov-15 $049 $086 $065 $085 Dec-15 $061 $077 $066 $084 Jan-16 $053 $071 $063 $084
Source Statistics Canada 3 month amp 12 month moving averages
26
Value of ICI Building Permits City and ldquo905rdquo area
$900
City 905
$800
$700
$600
$500
ons
$400 Mill
i
$300
$200
$100
$0 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
27
Value of ICI Building Permits City and ldquo905rdquo area
3MMA 12MMA Millions $ Millions $
City 905 City 905 Jan-15 $2121 $1851 $2144 $2443 Feb-15 $2277 $1407 $2090 $2454 Mar-15 $2010 $1622 $2096 $2529 Apr-15 $5057 $1846 $2810 $2534 May-15 $5224 $2473 $2920 $2610 Jun-15 $5270 $3074 $2923 $2635 Jul-15 $2202 $3229 $2905 $2664 Aug-15 $3347 $3007 $3170 $2696 Sep-15 $3164 $2338 $3200 $2666 Oct-15 $3405 $2171 $3078 $2333 Nov-15 $1922 $2259 $3067 $2318 Dec-15 $2092 $2288 $3123 $2268 Jan-16 $1781 $2321 $3011 $2311
Source Statistics Canada 3 month amp 12 month moving averages
28
Value of Building Permits City of Toronto
$0
$100
$200
$300
$400
$500
$600
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Mill
ions
Residential Commercial Industrial Institutional
Source Statistics Canada 3 month moving averages (January2016)
29
Value of Building Permits City of Toronto
3MMA 12 MMA Millions $ Millions $
Residential Commercial Industrial Institutional Residential Commercial Industrial Institutional Jan-15 3725 1522 270 329 3569 1632 190 322 Feb-15 2567 1513 476 288 3324 1529 244 317 Mar-15 2300 1508 290 211 3388 1526 244 326 Apr-15 3324 1718 343 2996 3533 1589 254 967 May-15 3582 2077 121 3027 3433 1704 258 958 Jun-15 3382 2000 218 3051 3320 1694 264 965 Jul-15 2650 1656 202 343 3419 1687 243 975 Aug-15 4131 2812 197 339 3319 2008 239 923 Sep-15 3765 2705 186 273 3270 2002 259 939 Oct-15 4026 2701 150 553 3374 1850 246 981 Nov-15 2980 1124 219 579 3402 1831 246 990 Dec-15 4045 1244 145 703 3430 1857 240 1026 Jan-16 3486 1238 167 377 3314 1809 203 1000
Source Statistics Canada 3 month amp 12 month moving averages
30
Office Vacancy Rate amp Occupied Space Toronto Region
-150
-100
-050
000
050
100
150
200
4
5
6
7
8
9
10
11
12
13
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Vaca
ncy
Rat
e (li
nes)
City of Toronto 905
Change in O
ccupied Space (bars -millions sqft)
Source Cushman amp Wakefield
31
Office Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft)
City of Toronto 905 City of Toronto 905 11q1 64 96 054 006 11q2 62 96 030 -004 11q3 56 92 071 043 11q4 54 97 086 -010 12q1 55 94 -019 014 12q2 54 99 010 001 12q3 54 99 027 045 12q4 56 102 -036 005 13q1 55 97 009 025 13q2 53 103 009 -018 13q3 57 108 -079 -017 13q4 61 106 162 028 14q1 67 113 -088 -040 14q2 65 110 016 023 14q3 61 111 050 021 14q4 61 112 144 042 15q1 62 112 -047 040 15q2 62 121 -011 -001 15q3 59 116 049 026 15q4 60 113 -005 018
Source Cushman amp Wakefield
32
Quarterly Change in Occupied Office Space Toronto Region
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Downtown Rest of City 905
Source Cushman amp Wakefield
33
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Employment
City 905 Ontario Canada Feb-15 14093 16988 69006 178850 Mar-15 14199 17011 69030 179139 Apr-15 14381 17001 68896 178974
May-15 14604 17173 69281 179467 Jun-15 14482 17459 69401 179469 Jul-15 14490 17742 69427 179519
Aug-15 14401 17834 69399 179721 Sep-15 14224 17821 69112 179779 Oct-15 14243 17888 69416 180210 Nov-15 14226 17896 69331 179881 Dec-15 14301 18001 69661 180109 Jan-16 14180 18178 69859 180052 Feb-16 14308 17714 69747 180029
Source Statistics Canada ndash Labour Force Survey ndash Seasonally Adjusted Monthly Data City of Toronto population rebased and seasonal adjustments by City staff
18
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver
100
90
80
70
60
50
40
30
20 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash (February2016) Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
19
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver Feb-15 74 76 71 50 50 59 Mar-15 72 77 71 55 54 60 Apr-15 72 79 68 57 59 61 May-15 71 84 66 58 63 61 Jun-15 69 87 65 61 59 61 Jul-15 66 89 64 68 57 60 Aug-15 68 89 64 70 56 57 Sep-15 69 87 63 70 60 58 Oct-15 71 87 63 69 61 59 Nov-15 70 86 63 69 62 58 Dec-15 70 87 62 70 63 57 Jan-16 71 86 63 77 65 57 Feb-16 72 87 65 84 68 61
Source Statistics Canada ndash Labour Force Survey Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
20
High Rise Buildings Under Construction North American Cities (Emporis)
250
200
150
100
50
111
212
69
30
84
36
4
23
53
17 28
9 10
24
116
149
76
40
98
43
23 23
42
13 18
9 12 13
0
March 2016
March 2015
Source wwwemporiscom - Updated March 14 2016
21
Tallest Buildings Under Construction City of Toronto
Building Address Metres Feet Floors Year 1 Number One Bloor 1 Bloor St E 257 844 75 2016 2 Harbour Plaza Residences East 90 Harbour St 233 764 66 2017 3 Eau de Soleil Sky Tower 2183 Lakeshore Blvd W 228 749 66 2018 4 Ten York 10 York St 224 735 65 2019 5 Harbour Plaza Residences West 1 York St 224 735 62 2017 6 Massey Tower 197 Yonge St 208 683 60 2018 7 YC Condos 460 Yonge St 199 651 60 2019 8 Wellesley on the Park 11 Wellesley St W 194 637 60 2017 9 88 Scott 88 Scott St 204 669 58 2017 10 E Condos South 8 Eglinton E 196 642 58 2017 11 CASA II 42 Charles St E 185 605 57 2016 12 The Residences of 488 University Avenue 488 University Ave 207 679 55 2018 13 CASA III 50 Charles St E 180 589 55 2017 14 INDX Condominiums 66 Temperance St 179 587 54 2016 15 Karma 9 Grenville St 166 544 50 2016 16 Eau de Soleil Water Tower 2183 Lakeshore Blvd W 181 593 49 2018 17 Lagos at the Waterfront 2151 Lake Shore Blvd W 168 550 49 2016 18 87 Peter 87 Peter St 154 505 49 2017 19 Lighthouse Tower Condominium 132 Queens Quay E 182 598 48 2019 20 King Blue by Greenland North Tower 355 King St W 156 511 48 2018 21 Westlake Encore 10 Park Lawn Rd 147 481 45 2018 22 Bay-Adelaide Centre East Tower 333 Bay St 196 643 44 2016 23 Monde 12 Bonnycastle St 150 492 44 2017 24 King Blue by Greenland South Tower 355 King St W 140 461 44 2018 25 Alto 2205 Sheppard Ave E 130 427 43 2016 26 Bisha Hotel amp Residences 56 Blue Jay Way 147 482 41 2016 27 The Britt 955 Bay St 139 456 41 2017 28 Studio2 on Richmond 199 Richmond St W 131 430 41 2016 29 The Bond 290 Adelaide St W 122 402 41 2016 30 EY Tower 100 Adelaide St W 188 617 40 2017 31 Cumberland at Yorkville Plaza Cumberland St amp Avenue Rd 125 409 39 2017 32 21 Dundas 21 Dundas St 122 400 39 2016 33 E Condos North 8 Eglinton Ave E 123 403 38 2017 34 The Madison West 79 Dunfield Ave 121 397 36 2015 35 One York Street 1 York St 174 569 35 2016 36 Avani 1 at Metrogate 2055 Kennedy Rd 117 384 35 2016
Source This list was composed on March 14 2016 from the CTBUH Tall Buildings Database amp other sources
22
High Rise Buildings Under Construction North American Cities (Skyscraperpage)
0
20
40
60
80
100
120
140
160
70+ 60-69 50-59 40-49 30-39 20-29 9-19
Source wwwskyscraperpagecom - Updated March 14 2016
23
High Rise Buildings Under Construction City of Toronto by number of floors
Floors Number of Buildings Total Floors Percent of Total 70+ 1 75 19 60-69 7 439 108 50-59 11 452 112 40-49 20 790 195 30-39 25 957 236 20-29 22 517 128 9-19 51 823 203 Total 137 4053 1000
Source wwwskyscraperpagecom - Updated March 14 2016
24
Total Value of Building Permits City and ldquo905rdquo area
$20
City 905
$18
$16
$14
$12
$10
Bill
ions
$08
$06
$04
$02
$00 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
25
Total Value of Building Permits City and ldquo905rdquo area
3MMA 12MMA Billions $ Billions $
City 905 City 905 Jan-15 $058 $068 $057 $070 Feb-15 $048 $055 $054 $068 Mar-15 $043 $063 $055 $072 Apr-15 $084 $069 $063 $075 May-15 $088 $090 $064 $078 Jun-15 $087 $101 $062 $080 Jul-15 $049 $111 $063 $082 Aug-15 $075 $110 $065 $084 Sep-15 $069 $104 $065 $087 Oct-15 $074 $091 $065 $085 Nov-15 $049 $086 $065 $085 Dec-15 $061 $077 $066 $084 Jan-16 $053 $071 $063 $084
Source Statistics Canada 3 month amp 12 month moving averages
26
Value of ICI Building Permits City and ldquo905rdquo area
$900
City 905
$800
$700
$600
$500
ons
$400 Mill
i
$300
$200
$100
$0 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
27
Value of ICI Building Permits City and ldquo905rdquo area
3MMA 12MMA Millions $ Millions $
City 905 City 905 Jan-15 $2121 $1851 $2144 $2443 Feb-15 $2277 $1407 $2090 $2454 Mar-15 $2010 $1622 $2096 $2529 Apr-15 $5057 $1846 $2810 $2534 May-15 $5224 $2473 $2920 $2610 Jun-15 $5270 $3074 $2923 $2635 Jul-15 $2202 $3229 $2905 $2664 Aug-15 $3347 $3007 $3170 $2696 Sep-15 $3164 $2338 $3200 $2666 Oct-15 $3405 $2171 $3078 $2333 Nov-15 $1922 $2259 $3067 $2318 Dec-15 $2092 $2288 $3123 $2268 Jan-16 $1781 $2321 $3011 $2311
Source Statistics Canada 3 month amp 12 month moving averages
28
Value of Building Permits City of Toronto
$0
$100
$200
$300
$400
$500
$600
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Mill
ions
Residential Commercial Industrial Institutional
Source Statistics Canada 3 month moving averages (January2016)
29
Value of Building Permits City of Toronto
3MMA 12 MMA Millions $ Millions $
Residential Commercial Industrial Institutional Residential Commercial Industrial Institutional Jan-15 3725 1522 270 329 3569 1632 190 322 Feb-15 2567 1513 476 288 3324 1529 244 317 Mar-15 2300 1508 290 211 3388 1526 244 326 Apr-15 3324 1718 343 2996 3533 1589 254 967 May-15 3582 2077 121 3027 3433 1704 258 958 Jun-15 3382 2000 218 3051 3320 1694 264 965 Jul-15 2650 1656 202 343 3419 1687 243 975 Aug-15 4131 2812 197 339 3319 2008 239 923 Sep-15 3765 2705 186 273 3270 2002 259 939 Oct-15 4026 2701 150 553 3374 1850 246 981 Nov-15 2980 1124 219 579 3402 1831 246 990 Dec-15 4045 1244 145 703 3430 1857 240 1026 Jan-16 3486 1238 167 377 3314 1809 203 1000
Source Statistics Canada 3 month amp 12 month moving averages
30
Office Vacancy Rate amp Occupied Space Toronto Region
-150
-100
-050
000
050
100
150
200
4
5
6
7
8
9
10
11
12
13
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Vaca
ncy
Rat
e (li
nes)
City of Toronto 905
Change in O
ccupied Space (bars -millions sqft)
Source Cushman amp Wakefield
31
Office Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft)
City of Toronto 905 City of Toronto 905 11q1 64 96 054 006 11q2 62 96 030 -004 11q3 56 92 071 043 11q4 54 97 086 -010 12q1 55 94 -019 014 12q2 54 99 010 001 12q3 54 99 027 045 12q4 56 102 -036 005 13q1 55 97 009 025 13q2 53 103 009 -018 13q3 57 108 -079 -017 13q4 61 106 162 028 14q1 67 113 -088 -040 14q2 65 110 016 023 14q3 61 111 050 021 14q4 61 112 144 042 15q1 62 112 -047 040 15q2 62 121 -011 -001 15q3 59 116 049 026 15q4 60 113 -005 018
Source Cushman amp Wakefield
32
Quarterly Change in Occupied Office Space Toronto Region
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Downtown Rest of City 905
Source Cushman amp Wakefield
33
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver
100
90
80
70
60
50
40
30
20 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada ndash Labour Force Survey ndash (February2016) Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
19
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver Feb-15 74 76 71 50 50 59 Mar-15 72 77 71 55 54 60 Apr-15 72 79 68 57 59 61 May-15 71 84 66 58 63 61 Jun-15 69 87 65 61 59 61 Jul-15 66 89 64 68 57 60 Aug-15 68 89 64 70 56 57 Sep-15 69 87 63 70 60 58 Oct-15 71 87 63 69 61 59 Nov-15 70 86 63 69 62 58 Dec-15 70 87 62 70 63 57 Jan-16 71 86 63 77 65 57 Feb-16 72 87 65 84 68 61
Source Statistics Canada ndash Labour Force Survey Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
20
High Rise Buildings Under Construction North American Cities (Emporis)
250
200
150
100
50
111
212
69
30
84
36
4
23
53
17 28
9 10
24
116
149
76
40
98
43
23 23
42
13 18
9 12 13
0
March 2016
March 2015
Source wwwemporiscom - Updated March 14 2016
21
Tallest Buildings Under Construction City of Toronto
Building Address Metres Feet Floors Year 1 Number One Bloor 1 Bloor St E 257 844 75 2016 2 Harbour Plaza Residences East 90 Harbour St 233 764 66 2017 3 Eau de Soleil Sky Tower 2183 Lakeshore Blvd W 228 749 66 2018 4 Ten York 10 York St 224 735 65 2019 5 Harbour Plaza Residences West 1 York St 224 735 62 2017 6 Massey Tower 197 Yonge St 208 683 60 2018 7 YC Condos 460 Yonge St 199 651 60 2019 8 Wellesley on the Park 11 Wellesley St W 194 637 60 2017 9 88 Scott 88 Scott St 204 669 58 2017 10 E Condos South 8 Eglinton E 196 642 58 2017 11 CASA II 42 Charles St E 185 605 57 2016 12 The Residences of 488 University Avenue 488 University Ave 207 679 55 2018 13 CASA III 50 Charles St E 180 589 55 2017 14 INDX Condominiums 66 Temperance St 179 587 54 2016 15 Karma 9 Grenville St 166 544 50 2016 16 Eau de Soleil Water Tower 2183 Lakeshore Blvd W 181 593 49 2018 17 Lagos at the Waterfront 2151 Lake Shore Blvd W 168 550 49 2016 18 87 Peter 87 Peter St 154 505 49 2017 19 Lighthouse Tower Condominium 132 Queens Quay E 182 598 48 2019 20 King Blue by Greenland North Tower 355 King St W 156 511 48 2018 21 Westlake Encore 10 Park Lawn Rd 147 481 45 2018 22 Bay-Adelaide Centre East Tower 333 Bay St 196 643 44 2016 23 Monde 12 Bonnycastle St 150 492 44 2017 24 King Blue by Greenland South Tower 355 King St W 140 461 44 2018 25 Alto 2205 Sheppard Ave E 130 427 43 2016 26 Bisha Hotel amp Residences 56 Blue Jay Way 147 482 41 2016 27 The Britt 955 Bay St 139 456 41 2017 28 Studio2 on Richmond 199 Richmond St W 131 430 41 2016 29 The Bond 290 Adelaide St W 122 402 41 2016 30 EY Tower 100 Adelaide St W 188 617 40 2017 31 Cumberland at Yorkville Plaza Cumberland St amp Avenue Rd 125 409 39 2017 32 21 Dundas 21 Dundas St 122 400 39 2016 33 E Condos North 8 Eglinton Ave E 123 403 38 2017 34 The Madison West 79 Dunfield Ave 121 397 36 2015 35 One York Street 1 York St 174 569 35 2016 36 Avani 1 at Metrogate 2055 Kennedy Rd 117 384 35 2016
Source This list was composed on March 14 2016 from the CTBUH Tall Buildings Database amp other sources
22
High Rise Buildings Under Construction North American Cities (Skyscraperpage)
0
20
40
60
80
100
120
140
160
70+ 60-69 50-59 40-49 30-39 20-29 9-19
Source wwwskyscraperpagecom - Updated March 14 2016
23
High Rise Buildings Under Construction City of Toronto by number of floors
Floors Number of Buildings Total Floors Percent of Total 70+ 1 75 19 60-69 7 439 108 50-59 11 452 112 40-49 20 790 195 30-39 25 957 236 20-29 22 517 128 9-19 51 823 203 Total 137 4053 1000
Source wwwskyscraperpagecom - Updated March 14 2016
24
Total Value of Building Permits City and ldquo905rdquo area
$20
City 905
$18
$16
$14
$12
$10
Bill
ions
$08
$06
$04
$02
$00 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
25
Total Value of Building Permits City and ldquo905rdquo area
3MMA 12MMA Billions $ Billions $
City 905 City 905 Jan-15 $058 $068 $057 $070 Feb-15 $048 $055 $054 $068 Mar-15 $043 $063 $055 $072 Apr-15 $084 $069 $063 $075 May-15 $088 $090 $064 $078 Jun-15 $087 $101 $062 $080 Jul-15 $049 $111 $063 $082 Aug-15 $075 $110 $065 $084 Sep-15 $069 $104 $065 $087 Oct-15 $074 $091 $065 $085 Nov-15 $049 $086 $065 $085 Dec-15 $061 $077 $066 $084 Jan-16 $053 $071 $063 $084
Source Statistics Canada 3 month amp 12 month moving averages
26
Value of ICI Building Permits City and ldquo905rdquo area
$900
City 905
$800
$700
$600
$500
ons
$400 Mill
i
$300
$200
$100
$0 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
27
Value of ICI Building Permits City and ldquo905rdquo area
3MMA 12MMA Millions $ Millions $
City 905 City 905 Jan-15 $2121 $1851 $2144 $2443 Feb-15 $2277 $1407 $2090 $2454 Mar-15 $2010 $1622 $2096 $2529 Apr-15 $5057 $1846 $2810 $2534 May-15 $5224 $2473 $2920 $2610 Jun-15 $5270 $3074 $2923 $2635 Jul-15 $2202 $3229 $2905 $2664 Aug-15 $3347 $3007 $3170 $2696 Sep-15 $3164 $2338 $3200 $2666 Oct-15 $3405 $2171 $3078 $2333 Nov-15 $1922 $2259 $3067 $2318 Dec-15 $2092 $2288 $3123 $2268 Jan-16 $1781 $2321 $3011 $2311
Source Statistics Canada 3 month amp 12 month moving averages
28
Value of Building Permits City of Toronto
$0
$100
$200
$300
$400
$500
$600
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Mill
ions
Residential Commercial Industrial Institutional
Source Statistics Canada 3 month moving averages (January2016)
29
Value of Building Permits City of Toronto
3MMA 12 MMA Millions $ Millions $
Residential Commercial Industrial Institutional Residential Commercial Industrial Institutional Jan-15 3725 1522 270 329 3569 1632 190 322 Feb-15 2567 1513 476 288 3324 1529 244 317 Mar-15 2300 1508 290 211 3388 1526 244 326 Apr-15 3324 1718 343 2996 3533 1589 254 967 May-15 3582 2077 121 3027 3433 1704 258 958 Jun-15 3382 2000 218 3051 3320 1694 264 965 Jul-15 2650 1656 202 343 3419 1687 243 975 Aug-15 4131 2812 197 339 3319 2008 239 923 Sep-15 3765 2705 186 273 3270 2002 259 939 Oct-15 4026 2701 150 553 3374 1850 246 981 Nov-15 2980 1124 219 579 3402 1831 246 990 Dec-15 4045 1244 145 703 3430 1857 240 1026 Jan-16 3486 1238 167 377 3314 1809 203 1000
Source Statistics Canada 3 month amp 12 month moving averages
30
Office Vacancy Rate amp Occupied Space Toronto Region
-150
-100
-050
000
050
100
150
200
4
5
6
7
8
9
10
11
12
13
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Vaca
ncy
Rat
e (li
nes)
City of Toronto 905
Change in O
ccupied Space (bars -millions sqft)
Source Cushman amp Wakefield
31
Office Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft)
City of Toronto 905 City of Toronto 905 11q1 64 96 054 006 11q2 62 96 030 -004 11q3 56 92 071 043 11q4 54 97 086 -010 12q1 55 94 -019 014 12q2 54 99 010 001 12q3 54 99 027 045 12q4 56 102 -036 005 13q1 55 97 009 025 13q2 53 103 009 -018 13q3 57 108 -079 -017 13q4 61 106 162 028 14q1 67 113 -088 -040 14q2 65 110 016 023 14q3 61 111 050 021 14q4 61 112 144 042 15q1 62 112 -047 040 15q2 62 121 -011 -001 15q3 59 116 049 026 15q4 60 113 -005 018
Source Cushman amp Wakefield
32
Quarterly Change in Occupied Office Space Toronto Region
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Downtown Rest of City 905
Source Cushman amp Wakefield
33
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Unemployment Rate Major Canadian Urban Regions
Toronto Montreal Ottawa Calgary Edmonton Vancouver Feb-15 74 76 71 50 50 59 Mar-15 72 77 71 55 54 60 Apr-15 72 79 68 57 59 61 May-15 71 84 66 58 63 61 Jun-15 69 87 65 61 59 61 Jul-15 66 89 64 68 57 60 Aug-15 68 89 64 70 56 57 Sep-15 69 87 63 70 60 58 Oct-15 71 87 63 69 61 59 Nov-15 70 86 63 69 62 58 Dec-15 70 87 62 70 63 57 Jan-16 71 86 63 77 65 57 Feb-16 72 87 65 84 68 61
Source Statistics Canada ndash Labour Force Survey Seasonally Adjusted 3 Month Moving Averages CANSIM Table 282-0135
20
High Rise Buildings Under Construction North American Cities (Emporis)
250
200
150
100
50
111
212
69
30
84
36
4
23
53
17 28
9 10
24
116
149
76
40
98
43
23 23
42
13 18
9 12 13
0
March 2016
March 2015
Source wwwemporiscom - Updated March 14 2016
21
Tallest Buildings Under Construction City of Toronto
Building Address Metres Feet Floors Year 1 Number One Bloor 1 Bloor St E 257 844 75 2016 2 Harbour Plaza Residences East 90 Harbour St 233 764 66 2017 3 Eau de Soleil Sky Tower 2183 Lakeshore Blvd W 228 749 66 2018 4 Ten York 10 York St 224 735 65 2019 5 Harbour Plaza Residences West 1 York St 224 735 62 2017 6 Massey Tower 197 Yonge St 208 683 60 2018 7 YC Condos 460 Yonge St 199 651 60 2019 8 Wellesley on the Park 11 Wellesley St W 194 637 60 2017 9 88 Scott 88 Scott St 204 669 58 2017 10 E Condos South 8 Eglinton E 196 642 58 2017 11 CASA II 42 Charles St E 185 605 57 2016 12 The Residences of 488 University Avenue 488 University Ave 207 679 55 2018 13 CASA III 50 Charles St E 180 589 55 2017 14 INDX Condominiums 66 Temperance St 179 587 54 2016 15 Karma 9 Grenville St 166 544 50 2016 16 Eau de Soleil Water Tower 2183 Lakeshore Blvd W 181 593 49 2018 17 Lagos at the Waterfront 2151 Lake Shore Blvd W 168 550 49 2016 18 87 Peter 87 Peter St 154 505 49 2017 19 Lighthouse Tower Condominium 132 Queens Quay E 182 598 48 2019 20 King Blue by Greenland North Tower 355 King St W 156 511 48 2018 21 Westlake Encore 10 Park Lawn Rd 147 481 45 2018 22 Bay-Adelaide Centre East Tower 333 Bay St 196 643 44 2016 23 Monde 12 Bonnycastle St 150 492 44 2017 24 King Blue by Greenland South Tower 355 King St W 140 461 44 2018 25 Alto 2205 Sheppard Ave E 130 427 43 2016 26 Bisha Hotel amp Residences 56 Blue Jay Way 147 482 41 2016 27 The Britt 955 Bay St 139 456 41 2017 28 Studio2 on Richmond 199 Richmond St W 131 430 41 2016 29 The Bond 290 Adelaide St W 122 402 41 2016 30 EY Tower 100 Adelaide St W 188 617 40 2017 31 Cumberland at Yorkville Plaza Cumberland St amp Avenue Rd 125 409 39 2017 32 21 Dundas 21 Dundas St 122 400 39 2016 33 E Condos North 8 Eglinton Ave E 123 403 38 2017 34 The Madison West 79 Dunfield Ave 121 397 36 2015 35 One York Street 1 York St 174 569 35 2016 36 Avani 1 at Metrogate 2055 Kennedy Rd 117 384 35 2016
Source This list was composed on March 14 2016 from the CTBUH Tall Buildings Database amp other sources
22
High Rise Buildings Under Construction North American Cities (Skyscraperpage)
0
20
40
60
80
100
120
140
160
70+ 60-69 50-59 40-49 30-39 20-29 9-19
Source wwwskyscraperpagecom - Updated March 14 2016
23
High Rise Buildings Under Construction City of Toronto by number of floors
Floors Number of Buildings Total Floors Percent of Total 70+ 1 75 19 60-69 7 439 108 50-59 11 452 112 40-49 20 790 195 30-39 25 957 236 20-29 22 517 128 9-19 51 823 203 Total 137 4053 1000
Source wwwskyscraperpagecom - Updated March 14 2016
24
Total Value of Building Permits City and ldquo905rdquo area
$20
City 905
$18
$16
$14
$12
$10
Bill
ions
$08
$06
$04
$02
$00 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
25
Total Value of Building Permits City and ldquo905rdquo area
3MMA 12MMA Billions $ Billions $
City 905 City 905 Jan-15 $058 $068 $057 $070 Feb-15 $048 $055 $054 $068 Mar-15 $043 $063 $055 $072 Apr-15 $084 $069 $063 $075 May-15 $088 $090 $064 $078 Jun-15 $087 $101 $062 $080 Jul-15 $049 $111 $063 $082 Aug-15 $075 $110 $065 $084 Sep-15 $069 $104 $065 $087 Oct-15 $074 $091 $065 $085 Nov-15 $049 $086 $065 $085 Dec-15 $061 $077 $066 $084 Jan-16 $053 $071 $063 $084
Source Statistics Canada 3 month amp 12 month moving averages
26
Value of ICI Building Permits City and ldquo905rdquo area
$900
City 905
$800
$700
$600
$500
ons
$400 Mill
i
$300
$200
$100
$0 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
27
Value of ICI Building Permits City and ldquo905rdquo area
3MMA 12MMA Millions $ Millions $
City 905 City 905 Jan-15 $2121 $1851 $2144 $2443 Feb-15 $2277 $1407 $2090 $2454 Mar-15 $2010 $1622 $2096 $2529 Apr-15 $5057 $1846 $2810 $2534 May-15 $5224 $2473 $2920 $2610 Jun-15 $5270 $3074 $2923 $2635 Jul-15 $2202 $3229 $2905 $2664 Aug-15 $3347 $3007 $3170 $2696 Sep-15 $3164 $2338 $3200 $2666 Oct-15 $3405 $2171 $3078 $2333 Nov-15 $1922 $2259 $3067 $2318 Dec-15 $2092 $2288 $3123 $2268 Jan-16 $1781 $2321 $3011 $2311
Source Statistics Canada 3 month amp 12 month moving averages
28
Value of Building Permits City of Toronto
$0
$100
$200
$300
$400
$500
$600
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Mill
ions
Residential Commercial Industrial Institutional
Source Statistics Canada 3 month moving averages (January2016)
29
Value of Building Permits City of Toronto
3MMA 12 MMA Millions $ Millions $
Residential Commercial Industrial Institutional Residential Commercial Industrial Institutional Jan-15 3725 1522 270 329 3569 1632 190 322 Feb-15 2567 1513 476 288 3324 1529 244 317 Mar-15 2300 1508 290 211 3388 1526 244 326 Apr-15 3324 1718 343 2996 3533 1589 254 967 May-15 3582 2077 121 3027 3433 1704 258 958 Jun-15 3382 2000 218 3051 3320 1694 264 965 Jul-15 2650 1656 202 343 3419 1687 243 975 Aug-15 4131 2812 197 339 3319 2008 239 923 Sep-15 3765 2705 186 273 3270 2002 259 939 Oct-15 4026 2701 150 553 3374 1850 246 981 Nov-15 2980 1124 219 579 3402 1831 246 990 Dec-15 4045 1244 145 703 3430 1857 240 1026 Jan-16 3486 1238 167 377 3314 1809 203 1000
Source Statistics Canada 3 month amp 12 month moving averages
30
Office Vacancy Rate amp Occupied Space Toronto Region
-150
-100
-050
000
050
100
150
200
4
5
6
7
8
9
10
11
12
13
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Vaca
ncy
Rat
e (li
nes)
City of Toronto 905
Change in O
ccupied Space (bars -millions sqft)
Source Cushman amp Wakefield
31
Office Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft)
City of Toronto 905 City of Toronto 905 11q1 64 96 054 006 11q2 62 96 030 -004 11q3 56 92 071 043 11q4 54 97 086 -010 12q1 55 94 -019 014 12q2 54 99 010 001 12q3 54 99 027 045 12q4 56 102 -036 005 13q1 55 97 009 025 13q2 53 103 009 -018 13q3 57 108 -079 -017 13q4 61 106 162 028 14q1 67 113 -088 -040 14q2 65 110 016 023 14q3 61 111 050 021 14q4 61 112 144 042 15q1 62 112 -047 040 15q2 62 121 -011 -001 15q3 59 116 049 026 15q4 60 113 -005 018
Source Cushman amp Wakefield
32
Quarterly Change in Occupied Office Space Toronto Region
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Downtown Rest of City 905
Source Cushman amp Wakefield
33
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
High Rise Buildings Under Construction North American Cities (Emporis)
250
200
150
100
50
111
212
69
30
84
36
4
23
53
17 28
9 10
24
116
149
76
40
98
43
23 23
42
13 18
9 12 13
0
March 2016
March 2015
Source wwwemporiscom - Updated March 14 2016
21
Tallest Buildings Under Construction City of Toronto
Building Address Metres Feet Floors Year 1 Number One Bloor 1 Bloor St E 257 844 75 2016 2 Harbour Plaza Residences East 90 Harbour St 233 764 66 2017 3 Eau de Soleil Sky Tower 2183 Lakeshore Blvd W 228 749 66 2018 4 Ten York 10 York St 224 735 65 2019 5 Harbour Plaza Residences West 1 York St 224 735 62 2017 6 Massey Tower 197 Yonge St 208 683 60 2018 7 YC Condos 460 Yonge St 199 651 60 2019 8 Wellesley on the Park 11 Wellesley St W 194 637 60 2017 9 88 Scott 88 Scott St 204 669 58 2017 10 E Condos South 8 Eglinton E 196 642 58 2017 11 CASA II 42 Charles St E 185 605 57 2016 12 The Residences of 488 University Avenue 488 University Ave 207 679 55 2018 13 CASA III 50 Charles St E 180 589 55 2017 14 INDX Condominiums 66 Temperance St 179 587 54 2016 15 Karma 9 Grenville St 166 544 50 2016 16 Eau de Soleil Water Tower 2183 Lakeshore Blvd W 181 593 49 2018 17 Lagos at the Waterfront 2151 Lake Shore Blvd W 168 550 49 2016 18 87 Peter 87 Peter St 154 505 49 2017 19 Lighthouse Tower Condominium 132 Queens Quay E 182 598 48 2019 20 King Blue by Greenland North Tower 355 King St W 156 511 48 2018 21 Westlake Encore 10 Park Lawn Rd 147 481 45 2018 22 Bay-Adelaide Centre East Tower 333 Bay St 196 643 44 2016 23 Monde 12 Bonnycastle St 150 492 44 2017 24 King Blue by Greenland South Tower 355 King St W 140 461 44 2018 25 Alto 2205 Sheppard Ave E 130 427 43 2016 26 Bisha Hotel amp Residences 56 Blue Jay Way 147 482 41 2016 27 The Britt 955 Bay St 139 456 41 2017 28 Studio2 on Richmond 199 Richmond St W 131 430 41 2016 29 The Bond 290 Adelaide St W 122 402 41 2016 30 EY Tower 100 Adelaide St W 188 617 40 2017 31 Cumberland at Yorkville Plaza Cumberland St amp Avenue Rd 125 409 39 2017 32 21 Dundas 21 Dundas St 122 400 39 2016 33 E Condos North 8 Eglinton Ave E 123 403 38 2017 34 The Madison West 79 Dunfield Ave 121 397 36 2015 35 One York Street 1 York St 174 569 35 2016 36 Avani 1 at Metrogate 2055 Kennedy Rd 117 384 35 2016
Source This list was composed on March 14 2016 from the CTBUH Tall Buildings Database amp other sources
22
High Rise Buildings Under Construction North American Cities (Skyscraperpage)
0
20
40
60
80
100
120
140
160
70+ 60-69 50-59 40-49 30-39 20-29 9-19
Source wwwskyscraperpagecom - Updated March 14 2016
23
High Rise Buildings Under Construction City of Toronto by number of floors
Floors Number of Buildings Total Floors Percent of Total 70+ 1 75 19 60-69 7 439 108 50-59 11 452 112 40-49 20 790 195 30-39 25 957 236 20-29 22 517 128 9-19 51 823 203 Total 137 4053 1000
Source wwwskyscraperpagecom - Updated March 14 2016
24
Total Value of Building Permits City and ldquo905rdquo area
$20
City 905
$18
$16
$14
$12
$10
Bill
ions
$08
$06
$04
$02
$00 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
25
Total Value of Building Permits City and ldquo905rdquo area
3MMA 12MMA Billions $ Billions $
City 905 City 905 Jan-15 $058 $068 $057 $070 Feb-15 $048 $055 $054 $068 Mar-15 $043 $063 $055 $072 Apr-15 $084 $069 $063 $075 May-15 $088 $090 $064 $078 Jun-15 $087 $101 $062 $080 Jul-15 $049 $111 $063 $082 Aug-15 $075 $110 $065 $084 Sep-15 $069 $104 $065 $087 Oct-15 $074 $091 $065 $085 Nov-15 $049 $086 $065 $085 Dec-15 $061 $077 $066 $084 Jan-16 $053 $071 $063 $084
Source Statistics Canada 3 month amp 12 month moving averages
26
Value of ICI Building Permits City and ldquo905rdquo area
$900
City 905
$800
$700
$600
$500
ons
$400 Mill
i
$300
$200
$100
$0 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
27
Value of ICI Building Permits City and ldquo905rdquo area
3MMA 12MMA Millions $ Millions $
City 905 City 905 Jan-15 $2121 $1851 $2144 $2443 Feb-15 $2277 $1407 $2090 $2454 Mar-15 $2010 $1622 $2096 $2529 Apr-15 $5057 $1846 $2810 $2534 May-15 $5224 $2473 $2920 $2610 Jun-15 $5270 $3074 $2923 $2635 Jul-15 $2202 $3229 $2905 $2664 Aug-15 $3347 $3007 $3170 $2696 Sep-15 $3164 $2338 $3200 $2666 Oct-15 $3405 $2171 $3078 $2333 Nov-15 $1922 $2259 $3067 $2318 Dec-15 $2092 $2288 $3123 $2268 Jan-16 $1781 $2321 $3011 $2311
Source Statistics Canada 3 month amp 12 month moving averages
28
Value of Building Permits City of Toronto
$0
$100
$200
$300
$400
$500
$600
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Mill
ions
Residential Commercial Industrial Institutional
Source Statistics Canada 3 month moving averages (January2016)
29
Value of Building Permits City of Toronto
3MMA 12 MMA Millions $ Millions $
Residential Commercial Industrial Institutional Residential Commercial Industrial Institutional Jan-15 3725 1522 270 329 3569 1632 190 322 Feb-15 2567 1513 476 288 3324 1529 244 317 Mar-15 2300 1508 290 211 3388 1526 244 326 Apr-15 3324 1718 343 2996 3533 1589 254 967 May-15 3582 2077 121 3027 3433 1704 258 958 Jun-15 3382 2000 218 3051 3320 1694 264 965 Jul-15 2650 1656 202 343 3419 1687 243 975 Aug-15 4131 2812 197 339 3319 2008 239 923 Sep-15 3765 2705 186 273 3270 2002 259 939 Oct-15 4026 2701 150 553 3374 1850 246 981 Nov-15 2980 1124 219 579 3402 1831 246 990 Dec-15 4045 1244 145 703 3430 1857 240 1026 Jan-16 3486 1238 167 377 3314 1809 203 1000
Source Statistics Canada 3 month amp 12 month moving averages
30
Office Vacancy Rate amp Occupied Space Toronto Region
-150
-100
-050
000
050
100
150
200
4
5
6
7
8
9
10
11
12
13
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Vaca
ncy
Rat
e (li
nes)
City of Toronto 905
Change in O
ccupied Space (bars -millions sqft)
Source Cushman amp Wakefield
31
Office Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft)
City of Toronto 905 City of Toronto 905 11q1 64 96 054 006 11q2 62 96 030 -004 11q3 56 92 071 043 11q4 54 97 086 -010 12q1 55 94 -019 014 12q2 54 99 010 001 12q3 54 99 027 045 12q4 56 102 -036 005 13q1 55 97 009 025 13q2 53 103 009 -018 13q3 57 108 -079 -017 13q4 61 106 162 028 14q1 67 113 -088 -040 14q2 65 110 016 023 14q3 61 111 050 021 14q4 61 112 144 042 15q1 62 112 -047 040 15q2 62 121 -011 -001 15q3 59 116 049 026 15q4 60 113 -005 018
Source Cushman amp Wakefield
32
Quarterly Change in Occupied Office Space Toronto Region
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Downtown Rest of City 905
Source Cushman amp Wakefield
33
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Tallest Buildings Under Construction City of Toronto
Building Address Metres Feet Floors Year 1 Number One Bloor 1 Bloor St E 257 844 75 2016 2 Harbour Plaza Residences East 90 Harbour St 233 764 66 2017 3 Eau de Soleil Sky Tower 2183 Lakeshore Blvd W 228 749 66 2018 4 Ten York 10 York St 224 735 65 2019 5 Harbour Plaza Residences West 1 York St 224 735 62 2017 6 Massey Tower 197 Yonge St 208 683 60 2018 7 YC Condos 460 Yonge St 199 651 60 2019 8 Wellesley on the Park 11 Wellesley St W 194 637 60 2017 9 88 Scott 88 Scott St 204 669 58 2017 10 E Condos South 8 Eglinton E 196 642 58 2017 11 CASA II 42 Charles St E 185 605 57 2016 12 The Residences of 488 University Avenue 488 University Ave 207 679 55 2018 13 CASA III 50 Charles St E 180 589 55 2017 14 INDX Condominiums 66 Temperance St 179 587 54 2016 15 Karma 9 Grenville St 166 544 50 2016 16 Eau de Soleil Water Tower 2183 Lakeshore Blvd W 181 593 49 2018 17 Lagos at the Waterfront 2151 Lake Shore Blvd W 168 550 49 2016 18 87 Peter 87 Peter St 154 505 49 2017 19 Lighthouse Tower Condominium 132 Queens Quay E 182 598 48 2019 20 King Blue by Greenland North Tower 355 King St W 156 511 48 2018 21 Westlake Encore 10 Park Lawn Rd 147 481 45 2018 22 Bay-Adelaide Centre East Tower 333 Bay St 196 643 44 2016 23 Monde 12 Bonnycastle St 150 492 44 2017 24 King Blue by Greenland South Tower 355 King St W 140 461 44 2018 25 Alto 2205 Sheppard Ave E 130 427 43 2016 26 Bisha Hotel amp Residences 56 Blue Jay Way 147 482 41 2016 27 The Britt 955 Bay St 139 456 41 2017 28 Studio2 on Richmond 199 Richmond St W 131 430 41 2016 29 The Bond 290 Adelaide St W 122 402 41 2016 30 EY Tower 100 Adelaide St W 188 617 40 2017 31 Cumberland at Yorkville Plaza Cumberland St amp Avenue Rd 125 409 39 2017 32 21 Dundas 21 Dundas St 122 400 39 2016 33 E Condos North 8 Eglinton Ave E 123 403 38 2017 34 The Madison West 79 Dunfield Ave 121 397 36 2015 35 One York Street 1 York St 174 569 35 2016 36 Avani 1 at Metrogate 2055 Kennedy Rd 117 384 35 2016
Source This list was composed on March 14 2016 from the CTBUH Tall Buildings Database amp other sources
22
High Rise Buildings Under Construction North American Cities (Skyscraperpage)
0
20
40
60
80
100
120
140
160
70+ 60-69 50-59 40-49 30-39 20-29 9-19
Source wwwskyscraperpagecom - Updated March 14 2016
23
High Rise Buildings Under Construction City of Toronto by number of floors
Floors Number of Buildings Total Floors Percent of Total 70+ 1 75 19 60-69 7 439 108 50-59 11 452 112 40-49 20 790 195 30-39 25 957 236 20-29 22 517 128 9-19 51 823 203 Total 137 4053 1000
Source wwwskyscraperpagecom - Updated March 14 2016
24
Total Value of Building Permits City and ldquo905rdquo area
$20
City 905
$18
$16
$14
$12
$10
Bill
ions
$08
$06
$04
$02
$00 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
25
Total Value of Building Permits City and ldquo905rdquo area
3MMA 12MMA Billions $ Billions $
City 905 City 905 Jan-15 $058 $068 $057 $070 Feb-15 $048 $055 $054 $068 Mar-15 $043 $063 $055 $072 Apr-15 $084 $069 $063 $075 May-15 $088 $090 $064 $078 Jun-15 $087 $101 $062 $080 Jul-15 $049 $111 $063 $082 Aug-15 $075 $110 $065 $084 Sep-15 $069 $104 $065 $087 Oct-15 $074 $091 $065 $085 Nov-15 $049 $086 $065 $085 Dec-15 $061 $077 $066 $084 Jan-16 $053 $071 $063 $084
Source Statistics Canada 3 month amp 12 month moving averages
26
Value of ICI Building Permits City and ldquo905rdquo area
$900
City 905
$800
$700
$600
$500
ons
$400 Mill
i
$300
$200
$100
$0 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
27
Value of ICI Building Permits City and ldquo905rdquo area
3MMA 12MMA Millions $ Millions $
City 905 City 905 Jan-15 $2121 $1851 $2144 $2443 Feb-15 $2277 $1407 $2090 $2454 Mar-15 $2010 $1622 $2096 $2529 Apr-15 $5057 $1846 $2810 $2534 May-15 $5224 $2473 $2920 $2610 Jun-15 $5270 $3074 $2923 $2635 Jul-15 $2202 $3229 $2905 $2664 Aug-15 $3347 $3007 $3170 $2696 Sep-15 $3164 $2338 $3200 $2666 Oct-15 $3405 $2171 $3078 $2333 Nov-15 $1922 $2259 $3067 $2318 Dec-15 $2092 $2288 $3123 $2268 Jan-16 $1781 $2321 $3011 $2311
Source Statistics Canada 3 month amp 12 month moving averages
28
Value of Building Permits City of Toronto
$0
$100
$200
$300
$400
$500
$600
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Mill
ions
Residential Commercial Industrial Institutional
Source Statistics Canada 3 month moving averages (January2016)
29
Value of Building Permits City of Toronto
3MMA 12 MMA Millions $ Millions $
Residential Commercial Industrial Institutional Residential Commercial Industrial Institutional Jan-15 3725 1522 270 329 3569 1632 190 322 Feb-15 2567 1513 476 288 3324 1529 244 317 Mar-15 2300 1508 290 211 3388 1526 244 326 Apr-15 3324 1718 343 2996 3533 1589 254 967 May-15 3582 2077 121 3027 3433 1704 258 958 Jun-15 3382 2000 218 3051 3320 1694 264 965 Jul-15 2650 1656 202 343 3419 1687 243 975 Aug-15 4131 2812 197 339 3319 2008 239 923 Sep-15 3765 2705 186 273 3270 2002 259 939 Oct-15 4026 2701 150 553 3374 1850 246 981 Nov-15 2980 1124 219 579 3402 1831 246 990 Dec-15 4045 1244 145 703 3430 1857 240 1026 Jan-16 3486 1238 167 377 3314 1809 203 1000
Source Statistics Canada 3 month amp 12 month moving averages
30
Office Vacancy Rate amp Occupied Space Toronto Region
-150
-100
-050
000
050
100
150
200
4
5
6
7
8
9
10
11
12
13
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Vaca
ncy
Rat
e (li
nes)
City of Toronto 905
Change in O
ccupied Space (bars -millions sqft)
Source Cushman amp Wakefield
31
Office Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft)
City of Toronto 905 City of Toronto 905 11q1 64 96 054 006 11q2 62 96 030 -004 11q3 56 92 071 043 11q4 54 97 086 -010 12q1 55 94 -019 014 12q2 54 99 010 001 12q3 54 99 027 045 12q4 56 102 -036 005 13q1 55 97 009 025 13q2 53 103 009 -018 13q3 57 108 -079 -017 13q4 61 106 162 028 14q1 67 113 -088 -040 14q2 65 110 016 023 14q3 61 111 050 021 14q4 61 112 144 042 15q1 62 112 -047 040 15q2 62 121 -011 -001 15q3 59 116 049 026 15q4 60 113 -005 018
Source Cushman amp Wakefield
32
Quarterly Change in Occupied Office Space Toronto Region
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Downtown Rest of City 905
Source Cushman amp Wakefield
33
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
High Rise Buildings Under Construction North American Cities (Skyscraperpage)
0
20
40
60
80
100
120
140
160
70+ 60-69 50-59 40-49 30-39 20-29 9-19
Source wwwskyscraperpagecom - Updated March 14 2016
23
High Rise Buildings Under Construction City of Toronto by number of floors
Floors Number of Buildings Total Floors Percent of Total 70+ 1 75 19 60-69 7 439 108 50-59 11 452 112 40-49 20 790 195 30-39 25 957 236 20-29 22 517 128 9-19 51 823 203 Total 137 4053 1000
Source wwwskyscraperpagecom - Updated March 14 2016
24
Total Value of Building Permits City and ldquo905rdquo area
$20
City 905
$18
$16
$14
$12
$10
Bill
ions
$08
$06
$04
$02
$00 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
25
Total Value of Building Permits City and ldquo905rdquo area
3MMA 12MMA Billions $ Billions $
City 905 City 905 Jan-15 $058 $068 $057 $070 Feb-15 $048 $055 $054 $068 Mar-15 $043 $063 $055 $072 Apr-15 $084 $069 $063 $075 May-15 $088 $090 $064 $078 Jun-15 $087 $101 $062 $080 Jul-15 $049 $111 $063 $082 Aug-15 $075 $110 $065 $084 Sep-15 $069 $104 $065 $087 Oct-15 $074 $091 $065 $085 Nov-15 $049 $086 $065 $085 Dec-15 $061 $077 $066 $084 Jan-16 $053 $071 $063 $084
Source Statistics Canada 3 month amp 12 month moving averages
26
Value of ICI Building Permits City and ldquo905rdquo area
$900
City 905
$800
$700
$600
$500
ons
$400 Mill
i
$300
$200
$100
$0 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
27
Value of ICI Building Permits City and ldquo905rdquo area
3MMA 12MMA Millions $ Millions $
City 905 City 905 Jan-15 $2121 $1851 $2144 $2443 Feb-15 $2277 $1407 $2090 $2454 Mar-15 $2010 $1622 $2096 $2529 Apr-15 $5057 $1846 $2810 $2534 May-15 $5224 $2473 $2920 $2610 Jun-15 $5270 $3074 $2923 $2635 Jul-15 $2202 $3229 $2905 $2664 Aug-15 $3347 $3007 $3170 $2696 Sep-15 $3164 $2338 $3200 $2666 Oct-15 $3405 $2171 $3078 $2333 Nov-15 $1922 $2259 $3067 $2318 Dec-15 $2092 $2288 $3123 $2268 Jan-16 $1781 $2321 $3011 $2311
Source Statistics Canada 3 month amp 12 month moving averages
28
Value of Building Permits City of Toronto
$0
$100
$200
$300
$400
$500
$600
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Mill
ions
Residential Commercial Industrial Institutional
Source Statistics Canada 3 month moving averages (January2016)
29
Value of Building Permits City of Toronto
3MMA 12 MMA Millions $ Millions $
Residential Commercial Industrial Institutional Residential Commercial Industrial Institutional Jan-15 3725 1522 270 329 3569 1632 190 322 Feb-15 2567 1513 476 288 3324 1529 244 317 Mar-15 2300 1508 290 211 3388 1526 244 326 Apr-15 3324 1718 343 2996 3533 1589 254 967 May-15 3582 2077 121 3027 3433 1704 258 958 Jun-15 3382 2000 218 3051 3320 1694 264 965 Jul-15 2650 1656 202 343 3419 1687 243 975 Aug-15 4131 2812 197 339 3319 2008 239 923 Sep-15 3765 2705 186 273 3270 2002 259 939 Oct-15 4026 2701 150 553 3374 1850 246 981 Nov-15 2980 1124 219 579 3402 1831 246 990 Dec-15 4045 1244 145 703 3430 1857 240 1026 Jan-16 3486 1238 167 377 3314 1809 203 1000
Source Statistics Canada 3 month amp 12 month moving averages
30
Office Vacancy Rate amp Occupied Space Toronto Region
-150
-100
-050
000
050
100
150
200
4
5
6
7
8
9
10
11
12
13
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Vaca
ncy
Rat
e (li
nes)
City of Toronto 905
Change in O
ccupied Space (bars -millions sqft)
Source Cushman amp Wakefield
31
Office Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft)
City of Toronto 905 City of Toronto 905 11q1 64 96 054 006 11q2 62 96 030 -004 11q3 56 92 071 043 11q4 54 97 086 -010 12q1 55 94 -019 014 12q2 54 99 010 001 12q3 54 99 027 045 12q4 56 102 -036 005 13q1 55 97 009 025 13q2 53 103 009 -018 13q3 57 108 -079 -017 13q4 61 106 162 028 14q1 67 113 -088 -040 14q2 65 110 016 023 14q3 61 111 050 021 14q4 61 112 144 042 15q1 62 112 -047 040 15q2 62 121 -011 -001 15q3 59 116 049 026 15q4 60 113 -005 018
Source Cushman amp Wakefield
32
Quarterly Change in Occupied Office Space Toronto Region
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Downtown Rest of City 905
Source Cushman amp Wakefield
33
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
High Rise Buildings Under Construction City of Toronto by number of floors
Floors Number of Buildings Total Floors Percent of Total 70+ 1 75 19 60-69 7 439 108 50-59 11 452 112 40-49 20 790 195 30-39 25 957 236 20-29 22 517 128 9-19 51 823 203 Total 137 4053 1000
Source wwwskyscraperpagecom - Updated March 14 2016
24
Total Value of Building Permits City and ldquo905rdquo area
$20
City 905
$18
$16
$14
$12
$10
Bill
ions
$08
$06
$04
$02
$00 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
25
Total Value of Building Permits City and ldquo905rdquo area
3MMA 12MMA Billions $ Billions $
City 905 City 905 Jan-15 $058 $068 $057 $070 Feb-15 $048 $055 $054 $068 Mar-15 $043 $063 $055 $072 Apr-15 $084 $069 $063 $075 May-15 $088 $090 $064 $078 Jun-15 $087 $101 $062 $080 Jul-15 $049 $111 $063 $082 Aug-15 $075 $110 $065 $084 Sep-15 $069 $104 $065 $087 Oct-15 $074 $091 $065 $085 Nov-15 $049 $086 $065 $085 Dec-15 $061 $077 $066 $084 Jan-16 $053 $071 $063 $084
Source Statistics Canada 3 month amp 12 month moving averages
26
Value of ICI Building Permits City and ldquo905rdquo area
$900
City 905
$800
$700
$600
$500
ons
$400 Mill
i
$300
$200
$100
$0 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
27
Value of ICI Building Permits City and ldquo905rdquo area
3MMA 12MMA Millions $ Millions $
City 905 City 905 Jan-15 $2121 $1851 $2144 $2443 Feb-15 $2277 $1407 $2090 $2454 Mar-15 $2010 $1622 $2096 $2529 Apr-15 $5057 $1846 $2810 $2534 May-15 $5224 $2473 $2920 $2610 Jun-15 $5270 $3074 $2923 $2635 Jul-15 $2202 $3229 $2905 $2664 Aug-15 $3347 $3007 $3170 $2696 Sep-15 $3164 $2338 $3200 $2666 Oct-15 $3405 $2171 $3078 $2333 Nov-15 $1922 $2259 $3067 $2318 Dec-15 $2092 $2288 $3123 $2268 Jan-16 $1781 $2321 $3011 $2311
Source Statistics Canada 3 month amp 12 month moving averages
28
Value of Building Permits City of Toronto
$0
$100
$200
$300
$400
$500
$600
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Mill
ions
Residential Commercial Industrial Institutional
Source Statistics Canada 3 month moving averages (January2016)
29
Value of Building Permits City of Toronto
3MMA 12 MMA Millions $ Millions $
Residential Commercial Industrial Institutional Residential Commercial Industrial Institutional Jan-15 3725 1522 270 329 3569 1632 190 322 Feb-15 2567 1513 476 288 3324 1529 244 317 Mar-15 2300 1508 290 211 3388 1526 244 326 Apr-15 3324 1718 343 2996 3533 1589 254 967 May-15 3582 2077 121 3027 3433 1704 258 958 Jun-15 3382 2000 218 3051 3320 1694 264 965 Jul-15 2650 1656 202 343 3419 1687 243 975 Aug-15 4131 2812 197 339 3319 2008 239 923 Sep-15 3765 2705 186 273 3270 2002 259 939 Oct-15 4026 2701 150 553 3374 1850 246 981 Nov-15 2980 1124 219 579 3402 1831 246 990 Dec-15 4045 1244 145 703 3430 1857 240 1026 Jan-16 3486 1238 167 377 3314 1809 203 1000
Source Statistics Canada 3 month amp 12 month moving averages
30
Office Vacancy Rate amp Occupied Space Toronto Region
-150
-100
-050
000
050
100
150
200
4
5
6
7
8
9
10
11
12
13
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Vaca
ncy
Rat
e (li
nes)
City of Toronto 905
Change in O
ccupied Space (bars -millions sqft)
Source Cushman amp Wakefield
31
Office Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft)
City of Toronto 905 City of Toronto 905 11q1 64 96 054 006 11q2 62 96 030 -004 11q3 56 92 071 043 11q4 54 97 086 -010 12q1 55 94 -019 014 12q2 54 99 010 001 12q3 54 99 027 045 12q4 56 102 -036 005 13q1 55 97 009 025 13q2 53 103 009 -018 13q3 57 108 -079 -017 13q4 61 106 162 028 14q1 67 113 -088 -040 14q2 65 110 016 023 14q3 61 111 050 021 14q4 61 112 144 042 15q1 62 112 -047 040 15q2 62 121 -011 -001 15q3 59 116 049 026 15q4 60 113 -005 018
Source Cushman amp Wakefield
32
Quarterly Change in Occupied Office Space Toronto Region
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Downtown Rest of City 905
Source Cushman amp Wakefield
33
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Total Value of Building Permits City and ldquo905rdquo area
$20
City 905
$18
$16
$14
$12
$10
Bill
ions
$08
$06
$04
$02
$00 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
25
Total Value of Building Permits City and ldquo905rdquo area
3MMA 12MMA Billions $ Billions $
City 905 City 905 Jan-15 $058 $068 $057 $070 Feb-15 $048 $055 $054 $068 Mar-15 $043 $063 $055 $072 Apr-15 $084 $069 $063 $075 May-15 $088 $090 $064 $078 Jun-15 $087 $101 $062 $080 Jul-15 $049 $111 $063 $082 Aug-15 $075 $110 $065 $084 Sep-15 $069 $104 $065 $087 Oct-15 $074 $091 $065 $085 Nov-15 $049 $086 $065 $085 Dec-15 $061 $077 $066 $084 Jan-16 $053 $071 $063 $084
Source Statistics Canada 3 month amp 12 month moving averages
26
Value of ICI Building Permits City and ldquo905rdquo area
$900
City 905
$800
$700
$600
$500
ons
$400 Mill
i
$300
$200
$100
$0 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
27
Value of ICI Building Permits City and ldquo905rdquo area
3MMA 12MMA Millions $ Millions $
City 905 City 905 Jan-15 $2121 $1851 $2144 $2443 Feb-15 $2277 $1407 $2090 $2454 Mar-15 $2010 $1622 $2096 $2529 Apr-15 $5057 $1846 $2810 $2534 May-15 $5224 $2473 $2920 $2610 Jun-15 $5270 $3074 $2923 $2635 Jul-15 $2202 $3229 $2905 $2664 Aug-15 $3347 $3007 $3170 $2696 Sep-15 $3164 $2338 $3200 $2666 Oct-15 $3405 $2171 $3078 $2333 Nov-15 $1922 $2259 $3067 $2318 Dec-15 $2092 $2288 $3123 $2268 Jan-16 $1781 $2321 $3011 $2311
Source Statistics Canada 3 month amp 12 month moving averages
28
Value of Building Permits City of Toronto
$0
$100
$200
$300
$400
$500
$600
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Mill
ions
Residential Commercial Industrial Institutional
Source Statistics Canada 3 month moving averages (January2016)
29
Value of Building Permits City of Toronto
3MMA 12 MMA Millions $ Millions $
Residential Commercial Industrial Institutional Residential Commercial Industrial Institutional Jan-15 3725 1522 270 329 3569 1632 190 322 Feb-15 2567 1513 476 288 3324 1529 244 317 Mar-15 2300 1508 290 211 3388 1526 244 326 Apr-15 3324 1718 343 2996 3533 1589 254 967 May-15 3582 2077 121 3027 3433 1704 258 958 Jun-15 3382 2000 218 3051 3320 1694 264 965 Jul-15 2650 1656 202 343 3419 1687 243 975 Aug-15 4131 2812 197 339 3319 2008 239 923 Sep-15 3765 2705 186 273 3270 2002 259 939 Oct-15 4026 2701 150 553 3374 1850 246 981 Nov-15 2980 1124 219 579 3402 1831 246 990 Dec-15 4045 1244 145 703 3430 1857 240 1026 Jan-16 3486 1238 167 377 3314 1809 203 1000
Source Statistics Canada 3 month amp 12 month moving averages
30
Office Vacancy Rate amp Occupied Space Toronto Region
-150
-100
-050
000
050
100
150
200
4
5
6
7
8
9
10
11
12
13
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Vaca
ncy
Rat
e (li
nes)
City of Toronto 905
Change in O
ccupied Space (bars -millions sqft)
Source Cushman amp Wakefield
31
Office Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft)
City of Toronto 905 City of Toronto 905 11q1 64 96 054 006 11q2 62 96 030 -004 11q3 56 92 071 043 11q4 54 97 086 -010 12q1 55 94 -019 014 12q2 54 99 010 001 12q3 54 99 027 045 12q4 56 102 -036 005 13q1 55 97 009 025 13q2 53 103 009 -018 13q3 57 108 -079 -017 13q4 61 106 162 028 14q1 67 113 -088 -040 14q2 65 110 016 023 14q3 61 111 050 021 14q4 61 112 144 042 15q1 62 112 -047 040 15q2 62 121 -011 -001 15q3 59 116 049 026 15q4 60 113 -005 018
Source Cushman amp Wakefield
32
Quarterly Change in Occupied Office Space Toronto Region
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Downtown Rest of City 905
Source Cushman amp Wakefield
33
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Total Value of Building Permits City and ldquo905rdquo area
3MMA 12MMA Billions $ Billions $
City 905 City 905 Jan-15 $058 $068 $057 $070 Feb-15 $048 $055 $054 $068 Mar-15 $043 $063 $055 $072 Apr-15 $084 $069 $063 $075 May-15 $088 $090 $064 $078 Jun-15 $087 $101 $062 $080 Jul-15 $049 $111 $063 $082 Aug-15 $075 $110 $065 $084 Sep-15 $069 $104 $065 $087 Oct-15 $074 $091 $065 $085 Nov-15 $049 $086 $065 $085 Dec-15 $061 $077 $066 $084 Jan-16 $053 $071 $063 $084
Source Statistics Canada 3 month amp 12 month moving averages
26
Value of ICI Building Permits City and ldquo905rdquo area
$900
City 905
$800
$700
$600
$500
ons
$400 Mill
i
$300
$200
$100
$0 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
27
Value of ICI Building Permits City and ldquo905rdquo area
3MMA 12MMA Millions $ Millions $
City 905 City 905 Jan-15 $2121 $1851 $2144 $2443 Feb-15 $2277 $1407 $2090 $2454 Mar-15 $2010 $1622 $2096 $2529 Apr-15 $5057 $1846 $2810 $2534 May-15 $5224 $2473 $2920 $2610 Jun-15 $5270 $3074 $2923 $2635 Jul-15 $2202 $3229 $2905 $2664 Aug-15 $3347 $3007 $3170 $2696 Sep-15 $3164 $2338 $3200 $2666 Oct-15 $3405 $2171 $3078 $2333 Nov-15 $1922 $2259 $3067 $2318 Dec-15 $2092 $2288 $3123 $2268 Jan-16 $1781 $2321 $3011 $2311
Source Statistics Canada 3 month amp 12 month moving averages
28
Value of Building Permits City of Toronto
$0
$100
$200
$300
$400
$500
$600
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Mill
ions
Residential Commercial Industrial Institutional
Source Statistics Canada 3 month moving averages (January2016)
29
Value of Building Permits City of Toronto
3MMA 12 MMA Millions $ Millions $
Residential Commercial Industrial Institutional Residential Commercial Industrial Institutional Jan-15 3725 1522 270 329 3569 1632 190 322 Feb-15 2567 1513 476 288 3324 1529 244 317 Mar-15 2300 1508 290 211 3388 1526 244 326 Apr-15 3324 1718 343 2996 3533 1589 254 967 May-15 3582 2077 121 3027 3433 1704 258 958 Jun-15 3382 2000 218 3051 3320 1694 264 965 Jul-15 2650 1656 202 343 3419 1687 243 975 Aug-15 4131 2812 197 339 3319 2008 239 923 Sep-15 3765 2705 186 273 3270 2002 259 939 Oct-15 4026 2701 150 553 3374 1850 246 981 Nov-15 2980 1124 219 579 3402 1831 246 990 Dec-15 4045 1244 145 703 3430 1857 240 1026 Jan-16 3486 1238 167 377 3314 1809 203 1000
Source Statistics Canada 3 month amp 12 month moving averages
30
Office Vacancy Rate amp Occupied Space Toronto Region
-150
-100
-050
000
050
100
150
200
4
5
6
7
8
9
10
11
12
13
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Vaca
ncy
Rat
e (li
nes)
City of Toronto 905
Change in O
ccupied Space (bars -millions sqft)
Source Cushman amp Wakefield
31
Office Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft)
City of Toronto 905 City of Toronto 905 11q1 64 96 054 006 11q2 62 96 030 -004 11q3 56 92 071 043 11q4 54 97 086 -010 12q1 55 94 -019 014 12q2 54 99 010 001 12q3 54 99 027 045 12q4 56 102 -036 005 13q1 55 97 009 025 13q2 53 103 009 -018 13q3 57 108 -079 -017 13q4 61 106 162 028 14q1 67 113 -088 -040 14q2 65 110 016 023 14q3 61 111 050 021 14q4 61 112 144 042 15q1 62 112 -047 040 15q2 62 121 -011 -001 15q3 59 116 049 026 15q4 60 113 -005 018
Source Cushman amp Wakefield
32
Quarterly Change in Occupied Office Space Toronto Region
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Downtown Rest of City 905
Source Cushman amp Wakefield
33
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Value of ICI Building Permits City and ldquo905rdquo area
$900
City 905
$800
$700
$600
$500
ons
$400 Mill
i
$300
$200
$100
$0 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Source Statistics Canada 3 month moving averages (January2016)
27
Value of ICI Building Permits City and ldquo905rdquo area
3MMA 12MMA Millions $ Millions $
City 905 City 905 Jan-15 $2121 $1851 $2144 $2443 Feb-15 $2277 $1407 $2090 $2454 Mar-15 $2010 $1622 $2096 $2529 Apr-15 $5057 $1846 $2810 $2534 May-15 $5224 $2473 $2920 $2610 Jun-15 $5270 $3074 $2923 $2635 Jul-15 $2202 $3229 $2905 $2664 Aug-15 $3347 $3007 $3170 $2696 Sep-15 $3164 $2338 $3200 $2666 Oct-15 $3405 $2171 $3078 $2333 Nov-15 $1922 $2259 $3067 $2318 Dec-15 $2092 $2288 $3123 $2268 Jan-16 $1781 $2321 $3011 $2311
Source Statistics Canada 3 month amp 12 month moving averages
28
Value of Building Permits City of Toronto
$0
$100
$200
$300
$400
$500
$600
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Mill
ions
Residential Commercial Industrial Institutional
Source Statistics Canada 3 month moving averages (January2016)
29
Value of Building Permits City of Toronto
3MMA 12 MMA Millions $ Millions $
Residential Commercial Industrial Institutional Residential Commercial Industrial Institutional Jan-15 3725 1522 270 329 3569 1632 190 322 Feb-15 2567 1513 476 288 3324 1529 244 317 Mar-15 2300 1508 290 211 3388 1526 244 326 Apr-15 3324 1718 343 2996 3533 1589 254 967 May-15 3582 2077 121 3027 3433 1704 258 958 Jun-15 3382 2000 218 3051 3320 1694 264 965 Jul-15 2650 1656 202 343 3419 1687 243 975 Aug-15 4131 2812 197 339 3319 2008 239 923 Sep-15 3765 2705 186 273 3270 2002 259 939 Oct-15 4026 2701 150 553 3374 1850 246 981 Nov-15 2980 1124 219 579 3402 1831 246 990 Dec-15 4045 1244 145 703 3430 1857 240 1026 Jan-16 3486 1238 167 377 3314 1809 203 1000
Source Statistics Canada 3 month amp 12 month moving averages
30
Office Vacancy Rate amp Occupied Space Toronto Region
-150
-100
-050
000
050
100
150
200
4
5
6
7
8
9
10
11
12
13
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Vaca
ncy
Rat
e (li
nes)
City of Toronto 905
Change in O
ccupied Space (bars -millions sqft)
Source Cushman amp Wakefield
31
Office Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft)
City of Toronto 905 City of Toronto 905 11q1 64 96 054 006 11q2 62 96 030 -004 11q3 56 92 071 043 11q4 54 97 086 -010 12q1 55 94 -019 014 12q2 54 99 010 001 12q3 54 99 027 045 12q4 56 102 -036 005 13q1 55 97 009 025 13q2 53 103 009 -018 13q3 57 108 -079 -017 13q4 61 106 162 028 14q1 67 113 -088 -040 14q2 65 110 016 023 14q3 61 111 050 021 14q4 61 112 144 042 15q1 62 112 -047 040 15q2 62 121 -011 -001 15q3 59 116 049 026 15q4 60 113 -005 018
Source Cushman amp Wakefield
32
Quarterly Change in Occupied Office Space Toronto Region
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Downtown Rest of City 905
Source Cushman amp Wakefield
33
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Value of ICI Building Permits City and ldquo905rdquo area
3MMA 12MMA Millions $ Millions $
City 905 City 905 Jan-15 $2121 $1851 $2144 $2443 Feb-15 $2277 $1407 $2090 $2454 Mar-15 $2010 $1622 $2096 $2529 Apr-15 $5057 $1846 $2810 $2534 May-15 $5224 $2473 $2920 $2610 Jun-15 $5270 $3074 $2923 $2635 Jul-15 $2202 $3229 $2905 $2664 Aug-15 $3347 $3007 $3170 $2696 Sep-15 $3164 $2338 $3200 $2666 Oct-15 $3405 $2171 $3078 $2333 Nov-15 $1922 $2259 $3067 $2318 Dec-15 $2092 $2288 $3123 $2268 Jan-16 $1781 $2321 $3011 $2311
Source Statistics Canada 3 month amp 12 month moving averages
28
Value of Building Permits City of Toronto
$0
$100
$200
$300
$400
$500
$600
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Mill
ions
Residential Commercial Industrial Institutional
Source Statistics Canada 3 month moving averages (January2016)
29
Value of Building Permits City of Toronto
3MMA 12 MMA Millions $ Millions $
Residential Commercial Industrial Institutional Residential Commercial Industrial Institutional Jan-15 3725 1522 270 329 3569 1632 190 322 Feb-15 2567 1513 476 288 3324 1529 244 317 Mar-15 2300 1508 290 211 3388 1526 244 326 Apr-15 3324 1718 343 2996 3533 1589 254 967 May-15 3582 2077 121 3027 3433 1704 258 958 Jun-15 3382 2000 218 3051 3320 1694 264 965 Jul-15 2650 1656 202 343 3419 1687 243 975 Aug-15 4131 2812 197 339 3319 2008 239 923 Sep-15 3765 2705 186 273 3270 2002 259 939 Oct-15 4026 2701 150 553 3374 1850 246 981 Nov-15 2980 1124 219 579 3402 1831 246 990 Dec-15 4045 1244 145 703 3430 1857 240 1026 Jan-16 3486 1238 167 377 3314 1809 203 1000
Source Statistics Canada 3 month amp 12 month moving averages
30
Office Vacancy Rate amp Occupied Space Toronto Region
-150
-100
-050
000
050
100
150
200
4
5
6
7
8
9
10
11
12
13
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Vaca
ncy
Rat
e (li
nes)
City of Toronto 905
Change in O
ccupied Space (bars -millions sqft)
Source Cushman amp Wakefield
31
Office Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft)
City of Toronto 905 City of Toronto 905 11q1 64 96 054 006 11q2 62 96 030 -004 11q3 56 92 071 043 11q4 54 97 086 -010 12q1 55 94 -019 014 12q2 54 99 010 001 12q3 54 99 027 045 12q4 56 102 -036 005 13q1 55 97 009 025 13q2 53 103 009 -018 13q3 57 108 -079 -017 13q4 61 106 162 028 14q1 67 113 -088 -040 14q2 65 110 016 023 14q3 61 111 050 021 14q4 61 112 144 042 15q1 62 112 -047 040 15q2 62 121 -011 -001 15q3 59 116 049 026 15q4 60 113 -005 018
Source Cushman amp Wakefield
32
Quarterly Change in Occupied Office Space Toronto Region
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Downtown Rest of City 905
Source Cushman amp Wakefield
33
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Value of Building Permits City of Toronto
$0
$100
$200
$300
$400
$500
$600
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Mill
ions
Residential Commercial Industrial Institutional
Source Statistics Canada 3 month moving averages (January2016)
29
Value of Building Permits City of Toronto
3MMA 12 MMA Millions $ Millions $
Residential Commercial Industrial Institutional Residential Commercial Industrial Institutional Jan-15 3725 1522 270 329 3569 1632 190 322 Feb-15 2567 1513 476 288 3324 1529 244 317 Mar-15 2300 1508 290 211 3388 1526 244 326 Apr-15 3324 1718 343 2996 3533 1589 254 967 May-15 3582 2077 121 3027 3433 1704 258 958 Jun-15 3382 2000 218 3051 3320 1694 264 965 Jul-15 2650 1656 202 343 3419 1687 243 975 Aug-15 4131 2812 197 339 3319 2008 239 923 Sep-15 3765 2705 186 273 3270 2002 259 939 Oct-15 4026 2701 150 553 3374 1850 246 981 Nov-15 2980 1124 219 579 3402 1831 246 990 Dec-15 4045 1244 145 703 3430 1857 240 1026 Jan-16 3486 1238 167 377 3314 1809 203 1000
Source Statistics Canada 3 month amp 12 month moving averages
30
Office Vacancy Rate amp Occupied Space Toronto Region
-150
-100
-050
000
050
100
150
200
4
5
6
7
8
9
10
11
12
13
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Vaca
ncy
Rat
e (li
nes)
City of Toronto 905
Change in O
ccupied Space (bars -millions sqft)
Source Cushman amp Wakefield
31
Office Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft)
City of Toronto 905 City of Toronto 905 11q1 64 96 054 006 11q2 62 96 030 -004 11q3 56 92 071 043 11q4 54 97 086 -010 12q1 55 94 -019 014 12q2 54 99 010 001 12q3 54 99 027 045 12q4 56 102 -036 005 13q1 55 97 009 025 13q2 53 103 009 -018 13q3 57 108 -079 -017 13q4 61 106 162 028 14q1 67 113 -088 -040 14q2 65 110 016 023 14q3 61 111 050 021 14q4 61 112 144 042 15q1 62 112 -047 040 15q2 62 121 -011 -001 15q3 59 116 049 026 15q4 60 113 -005 018
Source Cushman amp Wakefield
32
Quarterly Change in Occupied Office Space Toronto Region
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Downtown Rest of City 905
Source Cushman amp Wakefield
33
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Value of Building Permits City of Toronto
3MMA 12 MMA Millions $ Millions $
Residential Commercial Industrial Institutional Residential Commercial Industrial Institutional Jan-15 3725 1522 270 329 3569 1632 190 322 Feb-15 2567 1513 476 288 3324 1529 244 317 Mar-15 2300 1508 290 211 3388 1526 244 326 Apr-15 3324 1718 343 2996 3533 1589 254 967 May-15 3582 2077 121 3027 3433 1704 258 958 Jun-15 3382 2000 218 3051 3320 1694 264 965 Jul-15 2650 1656 202 343 3419 1687 243 975 Aug-15 4131 2812 197 339 3319 2008 239 923 Sep-15 3765 2705 186 273 3270 2002 259 939 Oct-15 4026 2701 150 553 3374 1850 246 981 Nov-15 2980 1124 219 579 3402 1831 246 990 Dec-15 4045 1244 145 703 3430 1857 240 1026 Jan-16 3486 1238 167 377 3314 1809 203 1000
Source Statistics Canada 3 month amp 12 month moving averages
30
Office Vacancy Rate amp Occupied Space Toronto Region
-150
-100
-050
000
050
100
150
200
4
5
6
7
8
9
10
11
12
13
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Vaca
ncy
Rat
e (li
nes)
City of Toronto 905
Change in O
ccupied Space (bars -millions sqft)
Source Cushman amp Wakefield
31
Office Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft)
City of Toronto 905 City of Toronto 905 11q1 64 96 054 006 11q2 62 96 030 -004 11q3 56 92 071 043 11q4 54 97 086 -010 12q1 55 94 -019 014 12q2 54 99 010 001 12q3 54 99 027 045 12q4 56 102 -036 005 13q1 55 97 009 025 13q2 53 103 009 -018 13q3 57 108 -079 -017 13q4 61 106 162 028 14q1 67 113 -088 -040 14q2 65 110 016 023 14q3 61 111 050 021 14q4 61 112 144 042 15q1 62 112 -047 040 15q2 62 121 -011 -001 15q3 59 116 049 026 15q4 60 113 -005 018
Source Cushman amp Wakefield
32
Quarterly Change in Occupied Office Space Toronto Region
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Downtown Rest of City 905
Source Cushman amp Wakefield
33
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Office Vacancy Rate amp Occupied Space Toronto Region
-150
-100
-050
000
050
100
150
200
4
5
6
7
8
9
10
11
12
13
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Vaca
ncy
Rat
e (li
nes)
City of Toronto 905
Change in O
ccupied Space (bars -millions sqft)
Source Cushman amp Wakefield
31
Office Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft)
City of Toronto 905 City of Toronto 905 11q1 64 96 054 006 11q2 62 96 030 -004 11q3 56 92 071 043 11q4 54 97 086 -010 12q1 55 94 -019 014 12q2 54 99 010 001 12q3 54 99 027 045 12q4 56 102 -036 005 13q1 55 97 009 025 13q2 53 103 009 -018 13q3 57 108 -079 -017 13q4 61 106 162 028 14q1 67 113 -088 -040 14q2 65 110 016 023 14q3 61 111 050 021 14q4 61 112 144 042 15q1 62 112 -047 040 15q2 62 121 -011 -001 15q3 59 116 049 026 15q4 60 113 -005 018
Source Cushman amp Wakefield
32
Quarterly Change in Occupied Office Space Toronto Region
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Downtown Rest of City 905
Source Cushman amp Wakefield
33
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Office Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft)
City of Toronto 905 City of Toronto 905 11q1 64 96 054 006 11q2 62 96 030 -004 11q3 56 92 071 043 11q4 54 97 086 -010 12q1 55 94 -019 014 12q2 54 99 010 001 12q3 54 99 027 045 12q4 56 102 -036 005 13q1 55 97 009 025 13q2 53 103 009 -018 13q3 57 108 -079 -017 13q4 61 106 162 028 14q1 67 113 -088 -040 14q2 65 110 016 023 14q3 61 111 050 021 14q4 61 112 144 042 15q1 62 112 -047 040 15q2 62 121 -011 -001 15q3 59 116 049 026 15q4 60 113 -005 018
Source Cushman amp Wakefield
32
Quarterly Change in Occupied Office Space Toronto Region
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Downtown Rest of City 905
Source Cushman amp Wakefield
33
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Quarterly Change in Occupied Office Space Toronto Region
-1500000
-1000000
-500000
0
500000
1000000
1500000
2000000
2500000
11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Downtown Rest of City 905
Source Cushman amp Wakefield
33
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Quarterly Change in Occupied Office Space Toronto Region
Occupied Office Space Change (millions sqft) Rest of City
North Toronto Toronto Toronto Downtown Midtown Yonge DVP Core East North West 905
Q1 2011 451268 25450 94190 -57156 48186 -16825 -566 64008 Q2 2011 150167 123177 77343 647 53749 -14889 -94918 -36926 Q3 2011 89086 106976 120454 294661 23770 -2191 77544 429508 Q4 2011 834016 -15084 52532 -18826 -2438 -13152 22692 -101090 Q1 2012 -123053 39684 -17802 -35001 -45243 -1743 -2487 136145 Q2 2012 261265 -25198 -70300 -17575 -64748 -18954 30545 13171 Q3 2012 346852 -23174 -10202 -74619 59955 1625 -32095 453405 Q4 2012 -220613 -64377 -51144 55177 -19634 5296 -68938 51801 Q1 2013 19290 145244 -101310 -13685 -4781 764 48135 246178 Q2 2013 213308 -6764 -6665 -80226 -27167 -11183 9495 -179920 Q3 2013 -541353 -62096 14990 -176636 -29005 10756 -4229 -169576 Q4 2013 1755679 -129437 -117613 -8575 87697 -6113 33555 277976 Q1 2014 -553444 -58433 -35301 -188251 14920 -39400 -22130 -399133 Q2 2014 225206 -18278 41754 -52696 -19715 -1427 -11305 227349 Q3 2014 410018 41459 49609 18063 -11195 -7422 -3954 206356 Q4 2014 1490333 60163 -76990 -16310 53868 -235 -74258 418841 Q1 2015 -433680 27011 -45089 -7694 9688 -26355 8139 396235 Q2 2015 -53695 -111198 48182 436 49773 -4463 -38962 -14168 Q3 2015 667266 -138542 15264 -4106 -1602 10665 -62360 260790 Q4 2015 -66138 -1768 68399 -22467 11673 -28154 -12253 182134
Source Cushman amp Wakefield
34
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
120
110
100
90
80
70
60
50
40
30 11q1 11q3 12q1 12q3 13q1 13q3 14q1 14q3 15q1 15q3
Source Cushman amp Wakefield
35
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Office Vacancy Rates City of Toronto
Downtown Yonge Core Toronto East Toronto West
11q1 53 67 106 60 11q2 51 59 102 74 11q3 50 51 83 64 11q4 47 49 84 59 12q1 49 48 89 60 12q2 45 52 94 58 12q3 43 53 95 62 12q4 44 58 93 71 13q1 44 56 94 64 13q2 41 52 99 61 13q3 46 54 108 60 13q4 50 64 103 57 14q1 58 67 105 60 14q2 55 66 110 61 14q3 49 61 109 63 14q4 48 62 107 73 15q1 51 64 105 68 15q2 51 62 102 74 15q3 46 64 103 80 15q4 46 61 103 86
Source Cushman amp Wakefield
36
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Industrial Vacancy Rate amp Occupied Space Toronto Region
Source Cushman amp Wakefield
-200
-150
-100
-50
00
50
100
0
1
2
3
4
5
6
7
8
11q1 12q1 13q1 14q1 15q1
City of Toronto 905
Vaca
ncy
Rat
e (li
nes)
Change in O
ccupied Space (bars -millions sqft)
37
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Industrial Vacancy Rate amp Occupied Space Toronto Region
Vacancy Rates Occupied Change (millions sqft) City of Toronto 905 City of Toronto 905
11q1 52 70 -01 -05 11q2 49 70 -13 -08 11q3 50 68 -07 16 11q4 49 66 -02 13 12q1 50 67 00 -03 12q2 49 67 01 -04 12q3 48 68 -69 -71 12q4 49 69 -139 -198 13q1 51 68 -08 26 13q2 51 60 -01 31 13q3 55 60 -21 21 13q4 49 61 10 06 14q1 50 60 -104 -133 14q2 47 59 14 24 14q3 45 58 -04 24 14q4 44 59 -08 14 15q1 42 54 -02 18 15q2 31 50 34 45 15q3 29 47 10 29 15q4 29 45 04 37
Source Cushman amp Wakefield
38
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Housing Starts Toronto CMA
0
2000
4000
6000
8000
10000
12000
14000
11q1 11q2 11q3 11q4 12q1 12q2 12q3 12q4 13q1 13q2 13q3 13q4 14q1 14q2 14q3 14q4 15q1 15q2 15q3 15q4
City -singlesemirow City - apartments 905 - singlesemirow 905 - apartments
Source CMHC ndash Housing Now
39
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Housing Starts Toronto CMA
City - City - 905 - 905 -singlesemirow apartments singlesemirow apartments
11q1 157 3276 2875 2069 11q2 398 5744 4154 946 11q3 469 4409 3813 1456 11q4 705 3814 4917 543 12q1 485 4536 3420 2241 12q2 452 6833 4206 1245 12q3 519 6358 4825 1497 12q4 436 5797 4145 1110 13q1 265 2960 2528 942 13q2 638 3048 3992 904 13q3 677 2887 3294 1376 13q4 444 4699 3560 1333 14q1 235 4266 2589 2589 14q2 437 2331 4104 1686 14q3 531 1626 3237 1227 14q4 422 1823 3236 1179 15q1 237 5257 1773 969 15q2 474 2801 4581 3131 15q3 711 4716 3907 3166 15q4 1026 3691 3988 1859
Source CMHC ndash Housing Now
40
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
MLS Sales and Prices City of Toronto
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
$800000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Units Sold Average Price
Uni
ts S
old
(bar
s)Average Price (line $)
Source Toronto Real Estate Board ndash (January2016)
41
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Source Toronto Real Estate Board
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
Units Sold 1551 2136 2978 3544 4069 3795 3315 2760 3063 3420 2661 1762 1561 2370 3196 4071 4189 4406 3480 2807 3137 3431 2863 1999 2809
MLS Sales and Prices City of Toronto
Average Price $552395 $599414 $597401 $641666 $652681 $617854 $576552 $564359 $624851 $633078 $616130 $574539 $581477 $630858 $655067 $690261 $718350 $682264 $618202 $605817 $674992 $671350 $654221 $626942 $719843
42
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Monthly Retail Sales Toronto CMA
30
35
40
45
50
55
60
65
70
75
80
Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16
Bill
ions
($)
Not Seasonally Adjusted Seasonally Adjusted
Source Statistics Canada CANSIM Table 080-0020 ndash (January2016)
43
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Monthly Retail Sales ($Billions) Toronto CMA
Unadjusted Seasonally Adjusted 3 Month 3 Month
Monthly Average Monthly Average Jan-14 512 594 588 580 Feb-14 469 548 590 585 Mar-14 558 513 592 590 Apr-14 607 545 609 597 May-14 659 608 601 601 Jun-14 634 633 609 606 Jul-14 628 640 614 608 Aug-14 628 630 614 612 Sep-14 616 624 622 617 Oct-14 634 626 626 621 Nov-14 653 635 626 625 Dec-14 718 669 620 624 Jan-15 533 635 611 619 Feb-15 492 581 620 617 Mar-15 593 539 634 622 Apr-15 629 571 630 628 May-15 699 640 643 636 Jun-15 677 668 644 639 Jul-15 669 682 651 646 Aug-15 654 667 650 648 Sep-15 653 659 646 649 Oct-15 663 657 652 649 Nov-15 675 664 661 653 Dec-15 760 699 645 653 Jan-16 569 668 661 656
Source Statistics Canada CANSIM Table 080-0020
44
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Ontario Merchandise Exports amp US$ Exchange Rate
Source Bank of Canada and Industry Canada (January2016)
45
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46
Ontario Merchandise Exports amp US$ Exchange Rate
($Billions) US All Others 1 CDN$ in US$
Jan-15 1387 355 083 Feb-15 1346 311 080 Mar-15 1630 388 079 Apr-15 1541 306 081 May-15 1502 307 082 Jun-15 1714 335 081 Jul-15 1554 344 078 Aug-15 1681 320 076 Sep-15 1755 327 075 Oct-15 1743 377 076 Nov-15 1718 349 075 Dec-15 1731 407 073 Jan-16 1778 377 070
Source Bank of Canada and Industry Canada
46