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Leased Space Up Three Per Cent In August

Wednesday, September 10, 2008 -- In August, TREB Members reported 830,317 square feet
of leased IC&I space across the GTA, up three per cent over the 806,743 figure recorded during the same month of 2007, Commercial Council Chair Garry Lander announced today.

“In addition to solid activity in August, the summer of 2008 has seen 2,920,156 square feet of
space traded through the TorontoMLS system,” Mr. Lander noted. “That’s off just five per cent
from the 3,070,102 square feet of space transacted during the same period last year.”

Prices for leased Industrial space fell 10 per cent to $5.70 sfn from last August’s $6.35 figure.
Meanwhile, rents for Commercial space rose six per cent to $.18.98 sfn from last August’s
$17.86 sfn.

Sales Market Highlights

In August, 30 transactions of Industrial/Commercial properties took place through the
TorontoMLS system. Of these, 16 were Industrial properties of all size categories, which sold for an average of $70.80 per square foot. This compares to a figure of $56.62 per square foot
obtained from non-MLS sources.

Members of the Toronto Real Estate Board’s Commercial Division adhere to a strict Code of
Ethics and Standards of Business Practice, only those who have met the standards established by their peers are eligible to become Members.

Greater Toronto REALTORS® are passionate about their work. They adhere to a strict Code of
Ethics and share a state-of-the-art Multiple Listing Service. Serving over 28,000 Members in the
Greater Toronto Area, the Toronto Real Estate Board is Canada’s largest real estate board.
Greater Toronto Area open house listings are now available on
www.TorontoRealEstateBoard.com.

Greater Toronto REALTORS® are passionate about their work. They adhere to a strict Code of Ethics and share a state-of-the-art Multiple Listing Service. Serving over 28,000 Members in the Greater Toronto Area, the Toronto Real Estate Board is Canada’s largest real estate board. Greater Toronto Area open house listings are now available on www.TorontoRealEstateBoard.com.

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