Presented By:

Carol Turnbull&

Cory McArthurRE/MAX Centre City Realty Inc. Brokerage

675 Adelaide Street NorthLondon, Ontario

CanadaN5Y 2L4

519.667.1800

We are pleased to present this latest update on the real estate market reporting activity through the month of March, 2013 for properties located in London, Ontario and surrounding communities.

The Spring Market was off to a slow start in March with home sales down 20.5%. The cooling off impacted detached homes and condos almost equally, with 495 detached homes exchanging hands last month – down 20.5% -- and 117 condos – down 20.4%. Altogether a total of 612 homes sold in March 2013. “We consider March the beginning of the Spring market,” says Doug Pedlar, President of the London and St. Thomas Association of REALTORS®, “but Spring in Canada is not necessarily all that Springlike. March 2012 broke all records for unseasonably warm weather, while March 2013 came in and out like a lion. There are always a lot of factors at work when it comes to whether a market is slow or steady or brisk, but weather is definitely one of them. People like to go out house hunting when the weather is nice, not when it means trudging through a lot of ice and snow.”

New listings were also down 9.4% overall, while inventory – the number of active listings at the end of the month – were down 7.2%.

Carol Turnbull & Cory McArthurSales RepresentativeRE/MAX Centre City Realty Inc.

MARCH 2013 MARKET UPDATE

• London’s Real Estate market starts with a 20% decrease in the number of sales month over month. We also see sales have dramatically decreased from the same month last year by 20%. This is not typical of a spring market.

• Overall inventory has decreased by close to 10% month over month. We also see that from the same time last year we have a decrease of 9.4% in our overall inventory.

MARCH 2013 MONTHLY DATAMARCH 2013 MONTHLY DATAMARCH 2013 MONTHLY DATAMARCH 2013 MONTHLY DATAMARCH 2013 MONTHLY DATAMARCH 2013 MONTHLY DATAMARCH 2013 MONTHLY DATADetached % Condo % Total %

Units Sold 495 -20.50% 117 -20.40% 612 -20.50%Dollar Volume $130,940,858.00 -16.40% $19,815,049.00 -20.80% $150,755,907 -17.00%No. of Listings 1185 -8.80% 263 -12.00% 1448 -9.40%Average Price (March) $264,527.00

-0.20%$169,359.00

-5.40%$246,333.00

0.20%Average Price (February) $264,984.00 -0.20% $179,050.00 -5.40% $245,888.00 0.20%

MARCH 2012 MONTHLY DATAMARCH 2012 MONTHLY DATAMARCH 2012 MONTHLY DATADetached Condo Total

Units Sold 623 147 770Dollar Volume $156,704,964.00 $25,018,408.00 $181,723,372.00No. of Listings 1300 299 1599

2013 YEAR-TO-DATE2013 YEAR-TO-DATE2013 YEAR-TO-DATE2013 YEAR-TO-DATE2013 YEAR-TO-DATE2013 YEAR-TO-DATE2013 YEAR-TO-DATEDetached % Condo % Total %

Units Sold 1302 -13.00% 322 -10.10% 1624 -12.40%Dollar Volume $337,705,320.00 -8.90% $54,907,102.00 -9.80% $392,612,422 -9.00%No. of Listings 3032 -10.20% 746 -12.20% 3778 -10.60%Active Listings (end of period) 2,628 -7.50% $600.00 -6.30% 3,228 -7.20%Average Price YTD $259,374.00

1.90%$170,519.00

-0.50%$241,756.00

1.20%Average Price (DEC. 31/12) $254,434.00 1.90% $171,403.00 -0.50% $238,822.00 1.20%

2012 YEAR-TO-DATE2012 YEAR-TO-DATE2012 YEAR-TO-DATEDetached Condo Total

Units Sold 1496 358 1854Dollar Volume $370,685,135.00 $60,846,438.00 $431,531,573.00No. of Listings 1300 299 1599Active Listings (end of period) 2840 640 3480

2013 YEAR TO DATE SALES

MARCH 2013 SALES

MARCH 2013 MARKET UPDATE

Item 2012 Average Sale Price * 2013 Year to Date %

NORTH

Total Detached North $318,346 $320,716 0.7%

Total Condo North $209,957 $200,581 -4.5%

Bungalow North $252,050 $260,554 3.4%

Two Storey North $344,319 $346,033 0.5%

Ranch North $367,893 $351,691 -4.4%

Townhouse Condo North $192,739 $186,516 -3.2%

SOUTH

Total Detached South $269,941 $282,250 4.6%

Total Condo South $153,782 $146,334 -4.8%

Bungalow South $201,111 $203,334 1.1%

Two Storey South $334,382 $355,818 6.4%

Ranch South $288,109 $294,056 2.1%

Townhouse Condo South $141,778 $144,232 1.7%

EAST

Total Detached East $204,486 $199,790 -2.3%

Total Condo East $147,403 $154,211 4.6%

Bungalow East $165,345 $156,920 -5.1%

Two Storey East $272,202 $281,900 3.6%

Ranch East $202,905 $195,088 -3.9%

Townhouse Condo East $122,821 $116,300 -5.3%

* up-to-date figures based on January 1, 2012 to December 31, 2012

Statistical Breakdown by Area for March 2013London

MARCH 2013 MARKET UPDATE

The first quarter of 2013 has been a great start for us; while the market has continued to slow we have consistently been helping clients maximize their real estate goals, whether buying or selling. We continue to outperform the averages across the London & St. Thomas Real Estate Board. Here are some of the great properties we have SOLD or have recently taken to market.

$379,800

$549,900 $359,900

SOLD: 99.8% OF ASKING

SOLD: 97.75% OF ASKING