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FRASER VALLEY BUYERS ENJOY ABUNDANT SELECTION

June 2, 2010

(Surrey, BC) – Property buyers continued to see an increase in selection while sellers faced more
competition as listings grew and sales decreased on Fraser Valley’s Multiple Listing Service® (MLS®) in
May.

The Fraser Valley Real Estate Board posted 1,477 sales in May, a decrease of 2 per cent compared to the
1,501 sales processed on the MLS® during May 2009. At the same time, the Board received 3,457 new
listings, taking the number of active listings to 11,411, an increase of 14 per cent compared to the 10,047
listings available during May of last year.

Deanna Horn, president of the Board, puts the numbers into context. “May’s sales were 16 per cent below
our ten-year average, 1,760 sales for that month. Considering how busy the market has been in the last
decade that represents solid sales activity, slower yes, but steady.

“What’s changed most is the increase in inventory. The last time this many homes were available on
Fraser Valley’s MLS® in May was in 1995.”

Horn adds, “Tremendous selection allows buyers the luxury to find the right home, comparison shop and
gives their REALTORS® the ability to negotiate hard on their behalf.

“For sellers, getting specific advice about home values in your local neighbourhood is crucial in a
competitive market.”

In May, the benchmark price for Fraser Valley detached homes was $515,375, a 10.6 per cent increase
compared to $465,939 in May 2009. The average number of days to sell a detached home in May was 43
days, one day faster than it was in May of last year.

The benchmark price of Fraser Valley townhouses in May was $328,295, a 10.1 per cent increase
compared to $298,308 in May 2009. Townhomes in May sold on average 27 days faster than they did a
year ago – 39 days compared to 66 days in 2009.

The benchmark price of apartments increased by 8.6 per cent year-over-year going from $232,170 in May
2009 to $252,221 in May 2010. The average days to sell in May for apartments in the Fraser Valley was
51 compared to 69 days during the same month last year.

The Fraser Valley Real Estate Board is an association of 2,989 real estate professionals who live and work in the communities of North Delta, Surrey, White Rock, Langley, Abbotsford, and Mission.

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FRASER VALLEY’S HIGHEST ACHIEVEMENT AWARDED TO LANGLEY REALTOR®

February 24, 2010

(Langley, BC) - Bridget Houghton, associate broker of Royal LePage – Wolstencroft in Langley, is the Fraser Valley Real Estate Board’s 2010 John Armeneau Professional of the Year.

A REALTOR® since 1980 and Managing Broker since 1990, Houghton received the Board’s top honour at its Annual General Meeting held February 17 at the Coast Hotel & Convention Centre in Langley. The award recognizes professional excellence, integrity, dedication to fellow colleagues, clients and the community, as well as devotion to organized real estate.

Paul Penner, president of the Fraser Valley Board explains, “Just like Johnny Armeneau was, Bridget is highly respected for her exceptional knowledge and loved for her huge heart.

“As a manager, she’s devoted to helping the representatives in her office help their clients as well as advancing standards of excellence in our profession. Bridget exemplifies what it means to be a professional REALTOR®.”

Houghton has made significant contributions to the Fraser Valley Board and her community. She has volunteered on behalf of the Fraser Valley Real Estate Board for 14 years, including serving multiple years on the Board’s committees that set standards and advance the profession: Business Practices and Brokers Council.

She is also a strong advocate of the Royal LePage Shelter Foundation, helping her office facilitate annual fundraising drives in support of shelters for the safety and security of women and children.

Houghton is the 25th Fraser Valley REALTOR® to be recognized as the Professional of the Year. The award was renamed in honour of John Armeneau in 1996, a North Delta REALTOR® who for over two decades was a role model and mentor to other Fraser Valley REALTORS®.

The Fraser Valley Real Estate Board is an association of 2,964 real estate professionals who live and work in the communities of North Delta, Surrey, White Rock, Langley, Abbotsford, and Mission.

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FRASER VALLEY REALTORS® RECOGNIZED FOR COMMUNITY GIVING

February 24, 2010

(Langley, BC) - The Cloverdale office of HomeLife Benchmark Realty in Surrey is the recipient of the Fraser Valley Real Estate Board’s REALTORS® Make Good Neighbours Corporate Award for its outstanding community contribution outside of the real estate profession in 2009.

Receiving individual awards for their community contribution last year are: Sheila Potter of HomeLife Benchmark Realty (Fleetwood) in Surrey; Laura Thibeault of HomeLife Benchmark Realty (White Rock) in South Surrey; and Chris and Donna Whitehead of Macdonald Realty Olympic in Surrey.

The honours were presented by Board President Paul Penner during the Board’s Annual General Meeting held on February 17 at the Coast Hotel & Convention Centre in Langley.

“These awards recognize some of the most important work REALTORS® do, which is outside of the office,” says Penner. “Our profession is about more than selling real estate. It means being actively involved giving back to the communities in which we live and in the Fraser Valley, we have stellar examples of amazingly giving REALTORS® and brokerages.”

HomeLife Benchmark Realty (Cloverdale) provides an annual scholarship to Kwantlen Polytechnic University, raised over $38,000 for Variety, the Children’s Charity through its annual golf tournament, supported a Habitat for Humanity build, and is a partner in the Elikia Village Project in the Congo, Africa. Elikia is an aid organization that rebuilds communities providing new land, homes, schools, clinics and community centres for widows and orphans displaced by the country’s civil war.

HomeLife Benchmark (Cloverdale) and several of its REALTORS® contribute a portion of every home sold to Elikia. Rick Dubord, Broker Manager explains, “We are so fortunate to work in one of the best professions in the world and live in one of the best countries. We believe in supporting not only our own communities, but also those in underprivileged countries.”

Two other HomeLife REALTORS® were also recognized for their individual volunteer efforts in 2009. Sheila Potter, HomeLife Benchmark (Fleetwood), is known throughout her community for her involvement with the Surrey Food Bank, Christmas Bureau and Newton Advocacy Group. She also manages her office’s community fundraising for local events, shelters and scholarships.

Laura Thibeault, HomeLife Benchmark (White Rock), focuses on giving back to the neighbourhood in which she lives, Ocean Park, South Surrey. She has led the community’s business association and has volunteered for the Ocean Park Community Association as an event director, organizing fundraising events as well as Christmas and community celebration events.

The final individual REALTORS® Make Good Neighbours award for 2009 went for the first time to a husband and wife real estate team from Macdonald Realty Olympic Realty in Surrey. Chris and Donna Whitehead devote hours each week volunteering for the Surrey Food Bank. They not only help sort, drive and assist in the office, they personally hold fundraising and food collection events every year and donate a portion of their commission to the food bank.

The Fraser Valley Real Estate Board launched the REALTORS® Make Good Neighbours Awards in 2002 to honour community volunteering by REALTORS®. Recipients are selected based on the amount of time they spend volunteering, level of responsibility undertaken as volunteers and overall impact of their efforts within their communities. The selection panel is composed of people outside the real estate profession who work in local charities and non-profit associations.

The Fraser Valley Real Estate Board is an association of 2,964 real estate professionals who live and work in the communities of North Delta, Surrey, White Rock, Langley, Abbotsford, and Mission.

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FRASER VALLEY REALTORS® ELECT NEW LEADERS

February 18, 2010

(Langley, BC) - Members of the Fraser Valley Real Estate Board elected their 2010/2011 Board of Directors at an annual general meeting held at the Coast Hotel & Convention Centre in Langley on February 17.

Officers serving for the coming term:
President: Deanna Horn, RE/MAX Treeland Realty, Langley
President-Elect: Sukh Sidhu, RE/MAX Little Oak Realty, Abbotsford
Vice President: Scott Olson, Macdonald Realty Olympic, Surrey

Directors:
Christine Caldwell, Landmark Realty, Abbotsford
Stephen Gammer, Macdonald Commercial Real Estate Services, Surrey
Ishaq Ismail, Century 21 Coastal Realty, Surrey
Jorda Maisey, Homelife Benchmark Realty, Langley
Mohamed Mansour, Sutton Group – Medallion Realty, Surrey
Ray Werger, Royal LePage Coronation Park, Surrey

Also serving on the Board of Directors, elected prior to the AGM:
Ron Todson, RE/MAX Little Oak Realty, Abbotsford (chair Brokers Council)
Charles Wiebe, Landmark Realty, Abbotsford (chair Commercial Executive Council)

Past President Paul Penner, RE/MAX Little Oak Realty, Abbotsford will serve as an ex-officio member of the Directorate.

Fraser Valley’s new Board of Directors takes office on March 1, 2010.

The Fraser Valley Real Estate Board is an association of 2,964 real estate professionals who live and work in the communities of North Delta, Surrey, White Rock, Langley, Abbotsford, and Mission.

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