Buyers Market

We ended 2006 on a positive note as Whistler unit sales increase by 17% while gross dollars were up by 10%. We currently have a strong supply of inventory on the market, but with the great season we are having and the number of visitors that are here from all over the world that is beginning to change as we see an increase in activity across the board. As we move closer to the Olympic Games in 2010 and we achieve "buildout" we expect to see prices rise as supply will diminish. Total value of sales in 2006 exceed $450 million with over 620 property sales. Home sales and shared ownership were the strongest segments, with both sales levels at their highest since 2003. Average home values are now $1.8 million with median values at $1.23 million. We have had record sales in the luxury segment with the highest number of sales since 2003, including 6 sales over $6 million.