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Survey of Canadian Average House Prices in the Third Quarter 2006

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发表于 2006-9-29 08:09 | 显示全部楼层 |阅读模式
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Canada's housing market both vigorous and stable
# v8 y5 c3 `. U5 v& e( s  i9 H+ }; O" @2 E( L
- Country's market poised to show growth throughout 2006 -
- w/ E8 a# V! v5 ~6 u+ K6 {! d# E. Q& K* e6 B4 ~. z
    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market* m0 E: B% h2 L+ w
exhibited moderate price increases and stable unit sales during the third1 [" n6 u- ~* v2 a9 R" ]5 u
quarter. Wide regional variances continued to be the dominant characteristic& E# t- d3 X; }/ I7 J! d2 W4 k% F
in the market, exemplified by frenzied levels of activity and double digit
6 j* j9 V/ K: T6 Fprice gains observed in the energy and commodity rich Western provinces, and
# a: H8 V. t4 X8 \$ ]) dmore reasonable sales volumes and moderate price appreciation in Ontario,& _6 M2 F' ?  ?7 I7 h! `; M; m# v
Quebec and Atlantic Canada, according to a report released today by Royal
4 w' ?4 V+ y( l$ z' k' TLePage Real Estate Services.
3 |7 A0 P/ [. ~" U
( H$ B" Q; u! q- o( P, Y- z: I    Nationally, market trends established through the first three quarters6 H1 l' u$ ?8 c$ `9 G, m
are forecast to continue for the remainder of the year. Robust economic
# b4 I) J6 |- aconditions, low unemployment rates, modestly growing salaries and wages, and6 R7 _" w6 e$ _+ Q
sound consumer confidence contributed to the overall strength of the
0 a  }& W7 s' N: x9 j2 gresidential real estate sector.
) O3 z$ q& y: c# N+ \
: ?, \/ S9 u( M3 M: n/ m. w+ r    Of the housing types surveyed, the highest average price appreciation& W0 a/ C1 ^+ u6 W  g
occurred in detached bungalows, which rose to $300,365 (+16.3%)
' E, @+ ^: h* iyear-over-year, followed by standard condominiums, which rose to $211,562
2 C# k& y8 b7 ]; T, {) _* n(+14.2%), and standard two-storey properties, which increased to $365,3806 ?6 m( Z5 B' G, a& a# H$ w
(+13.2%).$ k' i1 l% T8 T8 c+ h

8 Z5 R8 L2 T% ^( L- W5 n    "Canada's sturdy housing market continued to demonstrate steady growth- {5 Z- c2 J, o5 J0 m
during the third quarter. For all but the west, we have moved on from the3 P! Z* A* ^  s$ ]' U+ n: o
frenzied expansion that characterized the first half of this decade, and are
7 g1 T2 `0 C9 M# V) \+ Dpoised to show continued growth at a more moderate pace," said Phil Soper,
2 p  Z3 S, A! ^* c- W. ]# v1 c2 Qpresident and chief executive officer, Royal LePage Real Estate Services.
" U5 M1 `& U3 q" D, @4 F% M7 C"Gone is the sellers' market that we have lived with for some years. We5 X( S! f" m6 p$ v0 w# h
welcome the more reliable conditions that are characteristic of a healthy7 N- z% Z0 {2 V6 X
balanced market."
# ]2 h/ o/ \$ V/ a8 W) d" i$ _: {
    Despite the double-digit rise in average national house prices,& a+ F' e+ i0 Z# ~& o
considerable regional variances were exhibited again this quarter. The shift
  ~+ K( |! G% H' O- Vto balanced market conditions, which began in late 2005, has continued9 S8 h' k5 _& t( O
throughout most of the Central and Eastern regions of the country. In the core! R& @8 g- {2 x# F# I8 a! b3 ^0 U
energy producing western provinces, the combination of very high in-migration,5 A2 I* H' E' t& C) b9 Q6 @) f) K3 r
manageable affordability, and a shortage of inventory has driven record" T& ~5 g; @# `8 K8 O
breaking price appreciations.
5 @+ {2 i" r% n' j- T# X( a% }2 ^6 ^- }; a4 k% s( O2 q! y  U  E
    Echoing the second quarter and supported by Alberta's rapidly expanding
  R( s. @9 A8 I, y# R& aeconomy, Calgary and Edmonton led the charge of Canadian cities with the* d5 j. `5 G" l3 C8 A9 I/ m
largest house price appreciation in all housing types surveyed.
+ o& L+ ?6 o, o% @% b; s, {$ B/ J' R+ l( U
    In Ottawa and Toronto, growth remained steady, supported by solid
7 O+ v  @9 r* _0 r8 v$ }4 peconomic fundamentals, an increase in available inventory and strong consumer
! t1 k9 s8 Y) F3 b3 v  Q8 ^" dconfidence. While the pace of price appreciation in Ontario leveled off/ K4 P% v7 q' b, j4 K
slightly, the province's real estate market remains poised for modest growth.2 p* e. P8 {7 g7 _8 ~8 L
In Atlantic Canada, new housing and condominium construction offered buyers
) C" `4 ]; t* b. ?$ zgreater selection at more competitive prices, resulting in a slower rate of
. f- K; B  W' I9 y% T  y6 @9 vprice appreciation when compared with 2005.
" j* B$ {4 r8 f# N# S' {8 Q" W) r- `2 }8 C6 d. W  S8 [3 |
    While the pace of growth in Canada has slowed, the domestic housing, L- n4 _% e9 z' l/ a: I. v  b4 z
market is expected to outperform the American market. The economic and
+ k/ g7 e; ~- E  ]9 L/ [financial fundamentals driving the residential real estate sector in Canada# j8 x6 g3 P' X1 g
are markedly different than those found in the United States.9 r" w8 q5 l# O+ e0 p% t8 c0 W- f, M

! Y. ?: |0 T5 K  G* r0 A4 Z: N    Added Soper: "Canada's housing market is likely to outperform the
. G1 A, S6 p3 q4 w2 c. z9 Y6 UAmerican market through 2007. A number of factors are working in Canada's
- v% o0 g3 C0 v  o; S, r0 `favour, including healthy personal and governmental debt levels, the
! f  [& ]( [* }& mrelatively modest rise in interest rates in our country, and general
. n& E' x5 d' \# saffordability in our major cities. In addition, Americans are now seeing the
. U5 P! f+ M7 ]. P( w5 L! G- Idownside of a tax system that encourages maximum homeowner leverage, and
2 {4 C8 W1 U0 B$ |6 C  u& Oaggressive financial products such as zero- and negative-amortization4 x) A" Y6 S; [+ b/ S- ?
mortgages that work only in a high price growth environment."
/ S! q+ e9 O; [: w  f" h
* N! b# H3 J6 R' C: Q' t1 x7 T6 F" L    <<
! B& i% D- n8 b- |4 z                             REGIONAL SUMMARIES
, n/ M6 Q9 x5 F    >>- Z9 ?0 t6 g; O0 G3 W$ Y! S
9 ]2 u3 ]) e- O0 X' S
    Balanced conditions continued to characterize the housing market in8 y" S2 U- I3 L
Halifax, as significantly higher inventory levels helped to moderate the rate+ p8 j/ S! }; @- m9 H. d
of price appreciation. Buyers were increasingly choosy, taking more time0 ~4 `4 Z  c( S! L6 B# o% t/ |' r
looking for newer, low-maintenance properties that were not in need of
" q: X9 K  _2 ]renovations.& I. T* U8 z* @
/ m1 b1 a( b6 [, g/ p- U
    The housing market in Moncton remained healthy and strong as a slight5 N7 \" F" b3 s0 {
increase in inventory helped to moderate the rate of price appreciation
4 P1 O! F" O  @  X5 ]* S: h  \  vcompared to the same period in 2005. Activity was brisk throughout August and' u6 @3 p1 g; [" {, d. W
September and is expected to remain this way through the fourth quarter.
9 [, B2 A, U' R7 W0 x
# p' S7 N, Y8 W3 e! n+ `- R8 e    The housing market in Saint John underwent its traditional summer+ r2 l" G; k5 a4 a  `+ a, [$ d
slowdown in the third quarter, with activity picking up towards the end of the6 V% r% Z+ M  ]- m+ q
quarter. The local economy continued to thrive, as construction on a new
3 D" B" P3 j; c, [1 J600,000 square-foot shopping area has begun, bringing several new box stores/ d# C: T! N) h
to the area. Buyers have begun seeking less expensive fixtures for their homes9 x: ^4 H3 f/ R/ h' H
and are instead opting for more affordable housing options.
' T5 G# _( P) F
: }9 s; ?5 P' |" f  S. M/ \    In Charlottetown, the housing market started to move towards balanced0 \2 O' Z; k1 U+ s6 _, h
conditions, as some sellers had to begin to lower the asking prices on their3 N, `( N! |5 h
homes to make them more competitive. Activity from out-of-town and US buyers
& Z! {4 l$ q7 N5 Z" H" Kwas down slightly compared to 2005, likely attributable to the strong Canadian# }, f& y' ~( M& @! l- m' H
dollar. Inventory levels began to creep up in the third quarter, providing% `: Y( x6 e& K! M  ^
buyers with more options when looking for a home.
& A6 d3 r7 _$ w8 I$ X. J7 _
5 T1 i* @6 P( F8 U. Q/ o( }8 p" J    Activity in St. John's slowed slightly in the third quarter, particularly
* L5 r/ b* l6 w& y1 l$ D  Mamong higher-priced properties, where there was a slight over-supply of homes  D- E8 H' E3 H; J" w- Z8 L( ]- {
priced over $200,000. Listing periods have increased when compared with 2005,$ a; Z& b( ~: G  Z$ v! D8 D! P) U
as some of the pent-up demand that had characterized the market over the last
$ D& m6 q, `. T( Mfew years has been satisfied, resulting in more normal, balanced conditions.: |" d/ `8 N% s7 `; [3 y
0 J1 J3 F! O) \/ X# u
    Montreal's housing market recorded modest increases in average house# c8 f+ J1 r" ?6 y; Q
prices, due to a slight seasonal slowdown in the third quarter as inventory
  B% S( K. S) ~7 elevels rose. Part of this can be attributed to the fact that many renting
' p0 S) q! k6 x, kfirst-time buyers were motivated to close on the purchase of a home by July 1,7 @( I6 A+ i7 ^* Q- U: G6 v& \% h
when rental leases expire in Quebec. Once this date has passed some of the
& w2 a- s1 Z  I+ zpressure is taken off the market, allowing buyers to visit more homes before, S% i/ D, }6 ~5 B, ^
making a purchase.6 v9 A. k. X- D3 e: {! U$ c
" `6 L3 o& @: ]2 ^
    Ottawa held its position as one of the country's most stable housing: l) u$ y4 w  z+ h
markets in the third quarter, reinforced by a vibrant local economy and strong3 `% v7 l- h& Z" b4 W, t7 e
confidence, resulting in modest increases in average house prices. The city
/ ^- B* U& N! q; d  ~$ Zcentre remained a bright spot in Ottawa, with homes in this area attracting. L( r8 o- |8 K- q
attention due to their convenient location and proximity to downtown
: d7 `0 j- Z) M" Eamenities.  L! F) C2 W2 I9 f6 C

' U" A) s+ b# ^& j) A( ~3 K: ]& v6 D    The housing market in Toronto sustained healthy activity levels, h* c. }  w1 `0 R# f( D7 q
throughout the third quarter, as a strong economy helped to maintain demand
% F' X  k" k' xacross the city, causing average house prices to rise moderately. Toronto has7 F4 b" m( `' o" U6 S9 n
continued to experience modest growth in average house prices, and has been
: E9 d) W- H2 R+ x4 U2 `  Y& rdriven primarily by purchasers who are buying homes as their principle
! B- j6 u, {8 K! [; b* `residence, rather than for investment.
: U. V* n5 B+ c7 @) Z$ i
4 x6 G2 ?) _! q; B    The vibrant Winnipeg housing market continued to show its strength as
: i0 k- O* R) _) _* \  lhouse prices rose during the third quarter. The booming local economy resulted9 F5 a' k. v; i% w6 d8 d
in a historically low unemployment rate, helping to bolster consumer
6 `* y4 ~5 V2 Z% ]0 C, D* C$ Y6 dconfidence and Winnipeg's ranking as the city with the lowest capitalization
4 Q/ @! h1 }# {" l7 j1 R0 Arate among the country's larger cities - helped to encourage buyers to enter6 x7 F: v- ?6 B! U
the market.4 J; L) D+ y5 G1 l$ y! b' y

1 R! v6 c6 F% I2 L: x    In Regina, the market experienced a slight seasonal slowdown through
* A9 I% T. j  \3 h2 e6 b" _July, as there were fewer purchasers in the market due to summer vacations. In
( S. g- I, f- q" \5 {" LAugust, activity resumed to the busy pace previously seen in the spring
& S: i2 o; H) w7 ]! p& Umonths, as the influx of purchasers made it more difficult to find a home due
2 s7 f' }% r1 xto the shortage of available inventory.
. k4 Z3 n2 ?/ s, A9 R  @. c" s- o! j5 {
    Activity in Saskatoon remained brisk as the market maintained its
$ f* @% t3 @0 O9 z! n- Mmomentum from the busy spring sales period. The economy in Saskatoon remains
4 r3 S& q3 w: X  A, m. p( A! j* Mvibrant, as employment opportunities are abundant with many businesses$ V% R2 \. b6 K! N$ L
struggling to make hires and having to recruit outside the province.0 m' t1 R- n5 A" O3 [1 e' ~+ V

5 E1 T- _: M0 {7 u* B$ Z$ {    Calgary's housing market recorded blazing average house price increases2 M0 `3 n& y+ e
in the third quarter, in all surveyed categories. The burgeoning economy, low
5 l2 `9 [9 J' ]( i0 t2 funemployment rates and low inventory levels remained the leading factors that% z4 l. s6 K& F+ ^' b
pressured Calgary's house prices upwards. However, regardless of the soaring
' ~! b  X! ^$ [/ m$ @/ H/ {prices that characterized the market - even during the typically slower summer. |0 ?+ P5 F4 M5 d. d5 p% T
season - it is expected that activity will become slightly more balanced, as* U' a7 n4 Y! n; c( c# R% i: b' a; a, E
buyers are becoming more reluctant to participate in the frenetic activity.

/ k: B( l, ~, ]& O
$ ?$ q: z/ w5 j- b3 w$ u# ~    Edmonton's booming local economy continued to thrive in the third quarter1 N7 ^, }0 a+ U: R3 k4 h% T  K& @
as activity in the oil sands north of the city continued to flourish. Edmonton
) N* t2 L% O/ _1 tremained the hub of activity for those coming to work in the oil industry,
$ b3 }8 D/ j! c) M8 W$ Amaintaining tight inventory levels across the city, resulting in prices
$ \3 |8 y* ^7 K! iincreasing at record levels. However, as inventory levels continued to improve+ {5 c7 @/ I, C, F3 Q* A; r
in the third quarter the rate of price appreciation should moderate slightly: a1 n; v% M- ]' Y( [# J
towards the end of 2006.
   
) M& m! A4 M% l6 a  b3 L- E% ~' r
While Vancouver has seen a slight reprieve from the severe shortage of
! z7 a9 o. a' ]% Binventory that had previously characterized the market, supply is still unable
2 s2 H% r4 d* u8 h! m! _; u3 dto meet demand, driving house prices upwards. Vancouver has a very diverse
0 A4 u$ r" E; A: B! Sgroup of active buyers - from first-time home buyers to baby-boomers to
/ O. }7 ^8 r* Zforeign investors - all of whom fuel the demand for houses, placing added% _2 G* O2 l5 O5 q5 J% |
pressure on tight inventory levels.
$ q9 I) Q. G8 j- i1 M8 ?
9 v$ r7 H, I* X7 ~" C    Victoria's market is vibrant and supported by strong economic
; }4 z4 [( W# d* L- e: U7 Lfundamentals, fuelled by a booming tech sector and a migration of young people
1 d5 n0 \8 C+ W, t- kinto the city that has continued to support the area's house price increases;( g1 O, v7 v* \5 E9 p
while increased inventory levels have afforded buyers more time when searching
  u9 u& k8 k4 Q, i: p7 [: afor a home, helping to normalize the market's pace.' O& K$ i# B5 R, H5 J

7 H% o; ?. q' w  K    <<" }8 A8 x7 {/ h0 O, c, w
      Survey of Canadian Average House Prices in the Third Quarter 2006
/ d6 P3 E: I3 P$ D# o$ Z+ H+ {
8 j7 ]& [. x$ q6 Q$ v    -------------------------------------------------------------------------
( l; b. C' {! K6 z                 Detached Bungalows                Standard Two Storey
6 |4 l5 a: H, A  F/ E7 y4 F& {    -------------------------------------------------------------------------9 V2 ~: g; B+ i1 k7 U  H% e! M
                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q3+ @+ r( f; C% E0 L
    Market           Average     Average    % Change     Average     Average1 C5 f9 Y- O- b! E5 E* f3 w
    -------------------------------------------------------------------------
' o7 B; `; Q4 G+ y4 N4 H    Halifax          186,333     173,333        7.5%     198,667     199,0007 ~8 `& ?0 p5 l4 {: l  `) I2 Q. q
    -------------------------------------------------------------------------4 @: ?. j" W; ]0 _1 q/ y; F
    Charlottetown    145,000     141,000        2.8%     175,000     170,000
7 d+ j  X7 w" L/ ]    -------------------------------------------------------------------------# q* N/ A" |, }6 k9 {
    Moncton          135,000     127,000        6.3%     129,000     123,000  H0 a$ w3 j- r
    -------------------------------------------------------------------------
/ }) V! ^" M9 K    Saint John       141,200     142,900       -1.2%           -           -
4 {" ^3 `# }1 g2 S! X9 K/ f1 ?. r% S    -------------------------------------------------------------------------9 t, m) E3 W+ `( z  {- W
    St. John's       143,667     142,667        0.7%     200,667     202,333; i4 Y( f* Q) z$ F
    -------------------------------------------------------------------------3 c, @! l+ r1 E/ W# ]* R
    Atlantic         150,240     145,380        3.3%     175,833     173,583" F: V; n" c/ S3 C9 x* }
    -------------------------------------------------------------------------, Z; X6 S! R. z5 Q' y9 `
    Montreal         213,691     203,500        5.0%     321,141     316,185/ e( ]5 u; A. B  x
    -------------------------------------------------------------------------' y( N6 _" p* E( v6 D* w
    Ottawa           290,083     278,417        4.2%     285,667     273,250+ E+ }1 f) m' q: b9 V
    -------------------------------------------------------------------------4 j& G) a6 s& L1 ?6 X
    Toronto          373,368     355,882        4.9%     481,523     474,7669 ~5 I& ^( y/ R7 n1 U& r. ^
    -------------------------------------------------------------------------2 ], l  Q" u3 ~% Z( w  `: Z
    Winnipeg         181,579     159,860       13.6%     202,337     180,7076 p  F! A/ p# Y" ^
    -------------------------------------------------------------------------, W# `2 p' }, q3 |7 X# R6 j' o
    Saskatchewan     170,667     156,083        9.3%     182,600     166,500& t0 E* b0 g( P4 i
    -------------------------------------------------------------------------
6 i" O  @3 b/ E, p    Calgary          395,067     252,411       56.5%     405,778     264,389
; m1 O; B3 \! j5 L    -------------------------------------------------------------------------6 e/ j0 S5 A; |  x( h( J
    Edmonton         286,857     194,857       47.2%     316,429     206,714
- v! m9 D7 h' N4 @% q    -------------------------------------------------------------------------: M  d+ X; x7 V( R# P! O
    Vancouver        704,250     601,000       17.2%     794,000     697,5009 N2 q4 `: i$ ^+ w8 |
    -------------------------------------------------------------------------* x# v4 h1 w, K* E9 w1 ]0 S% m1 @
    Victoria         375,000     348,000        7.8%     403,000     391,000
  `/ \8 ~) y. J* _7 I! z3 t    -------------------------------------------------------------------------
: n' W" J  E( Z    National         300,365     258,202       16.3%     365,380     322,860/ Q1 }' }- w1 I
    -------------------------------------------------------------------------
7 I2 P: Z5 ?7 S# ], Q" u, M
0 k8 D9 o# r# m% V1 y    -------------------------------------------------------------
0 l- {' U9 O- x                               Standard Condominium1 T+ G/ `, J6 w+ U3 x
    -------------------------------------------------------------
) L, e/ A  C; u- h$ u4 x2 x) N  V# @' T                    2-Storey     2006 Q3     2005 Q3       Condo
0 S; b4 C# W9 p: p    Market          % Change     Average     Average    % Change
- ^5 O5 S" R# |3 I6 c" x* l    -------------------------------------------------------------
* q( I" K5 s/ D  V9 ?+ i' O    Halifax            -0.2%     142,000     103,000       37.9%$ [* V" x/ x! u& x7 W% s
    -------------------------------------------------------------* a+ F0 g8 ~' _5 {9 q
    Charlottetown       2.9%      98,000      98,000        0.0%6 e5 i0 i6 y- J$ o  v
    -------------------------------------------------------------$ T( z* ]1 e. C6 E! K
    Moncton             4.9%           -           -         N/A
4 {( {: d' q, g  O8 D/ V' B0 N    -------------------------------------------------------------
6 u( N4 M0 @$ b8 q, A2 O    Saint John           N/A           -           -         N/A
, o8 c" ?% v0 \0 o( c7 X3 |    -------------------------------------------------------------
, H) ]7 f0 P9 y$ d5 R0 ?, L' i; i    St. John's         -0.8%     146,333     145,667        0.5%
! w/ [, y( Z7 x  R5 @: ]    -------------------------------------------------------------- E0 w1 w6 Y8 a6 ~* I, Q% W2 S
    Atlantic            1.3%     128,778     115,556       11.4%9 C, X" d1 y1 e, C8 A. r# L, G
    -------------------------------------------------------------; j$ [6 D# T1 N" V' |
    Montreal            1.6%     193,190     188,016        2.8%6 ?, n! ]: w7 a$ _5 C
    -------------------------------------------------------------) }# j% R8 W: ~3 X9 @3 j
    Ottawa              4.5%     181,083     172,250        5.1%
6 c" D) ^7 _4 C! L    -------------------------------------------------------------
" ^, _* J: z. F( @  ^  x    Toronto             1.4%     252,088     242,918        3.8%, V: c) Q/ ^( g$ A4 Q& }
    -------------------------------------------------------------
" B# t/ O+ r9 o( x! q# _' f    Winnipeg           12.0%     105,648      96,008       10.0%4 n% W" O& @* V0 M8 w
    -------------------------------------------------------------$ f% C% P3 K7 F
    Saskatchewan        9.7%     106,250     101,000        5.2%
1 j3 v+ }- g$ J8 w    -------------------------------------------------------------6 ^/ f0 Y' L" d1 c6 x) {6 j
    Calgary            53.5%     245,844     153,867       59.8%
' A6 e( M: {. e0 y( s. y4 z    -------------------------------------------------------------" f  _; v" a9 O9 \& z, l  y
    Edmonton           53.1%     200,433     131,500       52.4%
/ G0 l; Z/ X: n1 q/ `    -------------------------------------------------------------0 Z1 \. E. C- h0 h2 i) {* y8 i8 t
    Vancouver          13.8%     366,250     323,250       13.3%& ?; {7 u$ {' L( f: G) F+ a/ |
    -------------------------------------------------------------& u3 W# {" g$ {
    Victoria            3.1%     229,000     220,000        4.1%. D/ f" u! p! ^6 W5 [1 Q' b, d$ q
    -------------------------------------------------------------
/ h2 n& u/ A+ S1 B, w  r    National           13.2%     211,562     185,296       14.2%
/ @  B/ J: j) q$ o    -------------------------------------------------------------
% O" d; X! F8 n# ~7 a    >>
- C  o' p+ ^0 h/ r2 ]& Y8 P% R* J( H3 ~' k' c7 w& n
    Average house prices are based on an average of all sub-markets examined/ G% G, z+ e1 `% i4 c2 a( W( |% m2 W1 x) S
in the area, except for the smaller markets of Charlottetown, Moncton, Saint
" X5 {3 Z' a; [+ Y+ y% L) BJohn and Victoria.
. [* j1 ], w' a+ [
( @8 q' v" G0 G; |, v% D( [    The Royal LePage Survey of Canadian House Prices is the largest, most9 X7 i; w2 j9 y
comprehensive study of its kind in Canada, with information on seven types of- I; ~& ?0 D& P9 z
housing in over 250 neighbourhoods from coast to coast. This release
4 k) X8 v8 H0 n3 ^8 j3 n% ?" C* nreferences an abbreviated version of the survey, which highlights house price/ d, ^$ V$ j8 G) ]
trends for the three most common types of housing in Canada in 80 communities
; m6 n. P! t8 H) G8 n: Lacross the country. A complete database of past and present surveys is
7 O) O! R$ v( _$ r  X  K0 Z1 wavailable on the Royal LePage Web site at www.royallepage.ca, and current2 Y+ v* I: Q& z: c
figures will be updated following the end of the third quarter. A printable
# W0 L$ K. L6 H( }- Mversion of the third quarter 2006 survey will be available online on* n8 S* q. v. v4 Z; D/ s5 x
November 15, 2006.
" p3 `/ z3 J( k+ t" x/ J  B    Housing values in the Royal LePage Survey are Royal LePage opinions of
5 @" b/ |3 G& E4 f- yfair market value in each location, based on local data and market knowledge
% N* v' k( G1 j* c" K# vprovided by Royal LePage residential real estate experts. Historical data is$ t" Z" [5 b" T8 u* J- r' C  l
available for some areas back to the early 1970s.
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