TRIMARK FUND

BANKS

HOUSE PRICES

INFLATION

DATE TRIMARK ORIGINAL  INVESTMENT CASHABLE VALUE ANNUAL % GAIN(+) LOSS(-)

CHARTERED BANKS GIC ANNUAL GIC% RATE**

AVERAGE PRICE OF HOUSES* ANNUAL % GAIN(+) LOSS(-)

TO KEEP UP WITH INFLATION INFLATION RATE****

Dec. 31/81 $ 90,203.00* $ 86,594.88 *** -   4.00% Dec. 31/82 119,457.64 + 37.95% Dec. 31/83 161,996.50 + 35.61% Dec. 31/84 164,037.66 +  1.26% Dec. 31/85 225,240.11 + 37.31% Dec. 31/86 248,529.94 + 10.34% Dec. 31/87 242,938.02 -  2.25% Dec. 31/88 298,400.77 + 22.83% Dec. 31/89 345,906.17 + 15.92% Dec. 31/90 311,661.46 -  9.90% Dec. 31/91 399,705.82 + 28.25% Dec. 31/92 515,740.42 + 29.03% Dec. 31/93 678,714.39 + 31.60% Dec. 31/94 780,046.45 + 14.93% Dec. 31/95 910,002.19 + 16.66% Dec. 31/96 1,043,863.52 + 14.71% Dec. 31/97 1,210,881.70 + 16.00% Dec. 31/98 1,288,499.19 +  6.41% Dec. 31/99 1,488,345.42 + 15.51% Dec. 31/00 1,676,323.45 + 12.63% Dec. 31/01 1,845,967.38 + 10.12% Dec. 31/02 1,742,777.80 -  5.59% Dec. 31/03 1,876,623.14 +  7.68% Dec. 31/04 1,966,513.39 + 4.79% Dec. 31/05 2,048,517.00 + 4.17% Dec. 31/06 2,600,592.33        +26.95% Dec. 31/07  2,349,635.17          - 9.65%

$ 90,203.00 * 102,849.46 + 14.02% 112,044.20 +  8.49% 123,764.03 + 10.46% 134,667.64 +  8.81% 146,033.59 +  8.44% 157,541.03 +  7.88% 172,019.05 +  9.19% 190,579.91 + 10.79% 212,134.50 + 11.31% 229,105.26 +  8.00% 242,141.34 +  5.69% 253,182.99 +  4.56% 267,158.69 +  5.52% 285,859.80 +  7.00% 303,583.10 +  6.20% 317,881.86 +  4.71% 333,013.03 +  4.76% 345,967.24 +  3.89% 362,469.88 +  4.77% 372,147.82 +  2.67% 378,213.83 +  1.63% 384,719.11 +  1.72% 389,335.74 + 1.20% 395,331.51 + 1.54% 406,440.33 + 2.81% 420,096.73 + 3.36%

$ 90,203.00   95,469.00 +  5.87% 101,626.00 + 6.42% 102,318.00 +  0.68% 109,094.00 +  6.62% 138,925.00 + 27.34% 189,105.00 + 36.12% 229,635.00 + 21.43% 273,698.00 + 19.19% 225,020.00 -  6.82% 234,313.00 -  8.12% 214,971.00 -  8.25% 206,490.00 -  3.75% 208,921.00 +  1.18% 203,028.00 -  2.82% 198,150.00 -  2.40% 211,307.00 +  6.60% 216,815.00 +  2.61% 228,372.00 +  5.33% 243,225.00 +  6.52% 251,371.00 +  3.39% 275,371.00 +  9.49% 293,667.00 +  6.43% 315,231.00 + 7.34% 336,383.00 + 6.71% 351,941.00 + 4.63% 376,236.00  + 6.90%

$ 90,203.00 * 100,035.13 10.90% 105,737.13 5.70% 110,389.56 4.40% 114,694.76 3.90% 119,511.94 4.20% 124,770.46 4.40% 129,761.28 4.00% 136,249.34 5.00% 142,789.31 4.80% 150,785.51 5.60% 153,047.30 1.50% 155,802.15 1.80% 158,139.18 1.50% 161.460.10 2.10% 165,012.22 2.20% 166,467.31 0.70% 167,828.98 1.00% 172,158.96 2.58% 177,719.70 3.23% 178,945.97 0.69% 185,889.07 3.88% 189,588.26 1.99% 194,062.55 2.36% 198,390.14 2.23% 201,326.31 1.48% 205,936.68 2.29%

ANNUAL COMPOUND RATE OF RETURN     13.36%1

6.10% 

5.65% 

3.23%

*

Average price of houses sold through Toronto Real Estate Board MLS Listings

**

GIC Rate - Bank of Canada review, average annual GIC rate

***

Trimark Fund - Results after a 4% sales charge.

****

Consumer Price index - All Items

¹

This return is after MER fees. (Management Expense Ratio)