 鲜花( 0)  鸡蛋( 0)
|
Canada's housing market both vigorous and stable
: |* u4 X+ f" Y& [' q& W# ?1 a
8 Y1 \9 D6 B/ a$ X9 v6 D- Country's market poised to show growth throughout 2006 -- H% j" F0 u3 z/ v4 A/ S$ v
2 J" J/ C/ @# T& @$ ~# ^. i6 a
TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market0 i5 F) h/ X0 B7 d$ l* `
exhibited moderate price increases and stable unit sales during the third
) g8 K6 m; ]9 e, |quarter. Wide regional variances continued to be the dominant characteristic* v( n" [9 B) z
in the market, exemplified by frenzied levels of activity and double digit
" k: T) [' g& q% nprice gains observed in the energy and commodity rich Western provinces, and
! L' }/ E# F* wmore reasonable sales volumes and moderate price appreciation in Ontario,
9 ^: Q0 @/ {0 x2 Z- BQuebec and Atlantic Canada, according to a report released today by Royal
' O3 E: w h2 O9 N( q6 jLePage Real Estate Services.
7 ^( |# {: N$ v, l. ~ G6 ^# @# R+ P) c/ b) W% x: i
Nationally, market trends established through the first three quarters, {' o/ n* a% `0 l$ d
are forecast to continue for the remainder of the year. Robust economic
9 X% ]0 C% |" `1 d; Fconditions, low unemployment rates, modestly growing salaries and wages, and) r0 g' _: X$ Q, p
sound consumer confidence contributed to the overall strength of the
+ ?" P h1 @7 s& D" aresidential real estate sector.& j1 o ^7 m6 S& ^; y) D2 ]
- y3 J8 p1 L2 K$ f! _
Of the housing types surveyed, the highest average price appreciation
4 S4 L3 M- B3 o# R8 U6 Voccurred in detached bungalows, which rose to $300,365 (+16.3%)
3 N0 D* m- ?8 a' _: [- c6 Xyear-over-year, followed by standard condominiums, which rose to $211,5620 u8 O1 R: n ?+ O/ _
(+14.2%), and standard two-storey properties, which increased to $365,380
8 J1 N- e# y/ q% j. o(+13.2%).5 E% r$ ?9 T$ I; n& j$ [* k+ ?" ]/ H% i
: m1 j1 G$ P( }+ T$ @, ~" x "Canada's sturdy housing market continued to demonstrate steady growth4 G. @% p1 |% a4 g$ h
during the third quarter. For all but the west, we have moved on from the; u/ P3 N( q- @
frenzied expansion that characterized the first half of this decade, and are$ D4 J5 u! u: i+ M+ I
poised to show continued growth at a more moderate pace," said Phil Soper,
% s: f3 W0 e5 Qpresident and chief executive officer, Royal LePage Real Estate Services./ p6 u4 t+ R3 W& M7 z2 a
"Gone is the sellers' market that we have lived with for some years. We/ [# y5 T" O, f4 e' s
welcome the more reliable conditions that are characteristic of a healthy/ N1 C& c s% \, K7 m
balanced market."
|6 u* F( T. P4 m* f K: e, L1 B9 t O) G1 U' e
Despite the double-digit rise in average national house prices,9 Z/ X7 {0 ^8 y8 r* A
considerable regional variances were exhibited again this quarter. The shift6 ^/ W$ m" Q+ W5 m, \3 m
to balanced market conditions, which began in late 2005, has continued6 L7 O' W+ w0 h3 I: M# O
throughout most of the Central and Eastern regions of the country. In the core F, e2 Z: \- C: f: |
energy producing western provinces, the combination of very high in-migration,
. d5 e- T6 c4 l+ [2 K x: J+ `manageable affordability, and a shortage of inventory has driven record
' p. W4 e m7 p1 k" sbreaking price appreciations.. q! C* r: B% t4 ]/ u4 L
6 }" f6 T+ D# a3 B9 u) L Echoing the second quarter and supported by Alberta's rapidly expanding1 U% T) L; U" J# h1 n) k
economy, Calgary and Edmonton led the charge of Canadian cities with the$ C7 D! ^7 q O0 s
largest house price appreciation in all housing types surveyed.
& S6 w8 ^6 o! D/ [, w0 I' o5 d! B- y
In Ottawa and Toronto, growth remained steady, supported by solid
0 Q$ f H, ]4 x4 seconomic fundamentals, an increase in available inventory and strong consumer9 P$ r" E; E3 S3 o9 |' k; H# C
confidence. While the pace of price appreciation in Ontario leveled off- }; E2 ?7 k" i! Y( M3 Y5 t6 E
slightly, the province's real estate market remains poised for modest growth.3 E$ v c$ F2 h6 }* X! e# E a# B
In Atlantic Canada, new housing and condominium construction offered buyers
7 J$ F' @" U9 \! A" u8 D1 C. Ggreater selection at more competitive prices, resulting in a slower rate of
3 e4 x; ^" W/ Fprice appreciation when compared with 2005.
1 P+ Q3 s7 c8 C, y9 M! q. [7 {+ d, o& k8 H
While the pace of growth in Canada has slowed, the domestic housing
1 h. G6 ?0 m9 l/ I. Gmarket is expected to outperform the American market. The economic and
( H( q( n' q* w5 d# nfinancial fundamentals driving the residential real estate sector in Canada
0 ?7 N9 t2 N5 C* \' c5 I) vare markedly different than those found in the United States.
" r# [( s& b7 r+ G7 b
) t& K- D9 \$ Z. B# @ Added Soper: "Canada's housing market is likely to outperform the
3 O, ~4 e1 U4 i% l& K l- }American market through 2007. A number of factors are working in Canada's
1 }+ _, D7 Z- f$ y @- ]: I% Pfavour, including healthy personal and governmental debt levels, the3 i) V0 Y4 @/ r/ u1 B3 A- w" j% M. @
relatively modest rise in interest rates in our country, and general1 \$ F$ `6 s# }0 D+ i
affordability in our major cities. In addition, Americans are now seeing the, ?; L G' ^' @$ y
downside of a tax system that encourages maximum homeowner leverage, and
: L0 |& S- y6 x/ |. Baggressive financial products such as zero- and negative-amortization
" _; }4 s0 [! }$ z1 n! u) k+ D. wmortgages that work only in a high price growth environment.", i! f! X6 i: Q4 J( A
% C& s8 ]' g- E% d <<$ \8 y+ ]" g+ J. W$ l; |4 h7 X
REGIONAL SUMMARIES5 F9 Z7 n$ b% e! F( H1 w
>>" \/ j' d* L: ?3 N$ v
7 l9 ]" u; w& F4 Y7 G( } X# D Balanced conditions continued to characterize the housing market in! Q( {. o6 Y4 s' i6 H1 J( h
Halifax, as significantly higher inventory levels helped to moderate the rate
; ^7 e# a- V# ~8 I- sof price appreciation. Buyers were increasingly choosy, taking more time# z8 F# u2 B u' Z& R' O3 H8 S
looking for newer, low-maintenance properties that were not in need of, Q! J0 Q* ] e4 @2 w
renovations." O) B2 ]. F0 T
/ y* C' Y0 V0 l/ Y$ y
The housing market in Moncton remained healthy and strong as a slight+ Z/ E" r+ G+ o# y' q
increase in inventory helped to moderate the rate of price appreciation
, y; B' t/ J9 ?; j5 m6 Wcompared to the same period in 2005. Activity was brisk throughout August and9 v7 @$ K: ~: _% c9 j2 E; G: ]
September and is expected to remain this way through the fourth quarter.) K! E1 w$ `4 T2 ?
" K7 M) V5 |* v6 O+ F8 B The housing market in Saint John underwent its traditional summer
; }, S0 u9 z, e, R- L! }7 Cslowdown in the third quarter, with activity picking up towards the end of the
. s. Z, h8 |7 _8 iquarter. The local economy continued to thrive, as construction on a new
- }- A/ j. [9 W+ U! j0 l/ m- u) C600,000 square-foot shopping area has begun, bringing several new box stores
5 _2 D6 |9 w* w+ J6 Hto the area. Buyers have begun seeking less expensive fixtures for their homes: I- C( Z8 [# I( }
and are instead opting for more affordable housing options.
$ E& M* g* {5 O, L3 G7 u3 m0 W) L7 Y3 ^4 A0 x2 o) _/ `1 j u; e& X
In Charlottetown, the housing market started to move towards balanced. W ^: |6 V) f1 ^2 B
conditions, as some sellers had to begin to lower the asking prices on their
, n+ R# M/ u8 m8 ~homes to make them more competitive. Activity from out-of-town and US buyers! j& F! Z0 C( y. E8 l
was down slightly compared to 2005, likely attributable to the strong Canadian$ |/ Q7 P2 N/ W& B: ?
dollar. Inventory levels began to creep up in the third quarter, providing# H9 P. q# Q. d9 c' s" `* d( G+ p
buyers with more options when looking for a home.6 B* K* X7 r" R$ G% O9 _
/ A9 Q# H7 |+ X2 f% S) c
Activity in St. John's slowed slightly in the third quarter, particularly
( L4 b. P% Q1 k$ x& ~among higher-priced properties, where there was a slight over-supply of homes* c8 W k# d# ^; }
priced over $200,000. Listing periods have increased when compared with 2005,
K) {. D( I2 b; k( d: }as some of the pent-up demand that had characterized the market over the last+ I$ @& v) b5 x8 r! N _- \
few years has been satisfied, resulting in more normal, balanced conditions.
" D- b; @- d" d. i, L# `! ?& r$ B# b. `- B# I
Montreal's housing market recorded modest increases in average house
6 p1 g, x5 q8 }8 C% X# vprices, due to a slight seasonal slowdown in the third quarter as inventory
1 f4 J s5 {1 t: }9 J. N' glevels rose. Part of this can be attributed to the fact that many renting
3 m" _! f7 d6 L9 k/ \7 }first-time buyers were motivated to close on the purchase of a home by July 1,2 s0 J- `3 k2 g, i `
when rental leases expire in Quebec. Once this date has passed some of the( s# z2 v$ X) ?- i8 M
pressure is taken off the market, allowing buyers to visit more homes before
, R9 K5 J% q4 i2 u, Jmaking a purchase.
0 b( F( X5 G7 U5 S: L4 e: f6 l5 W! z* O3 r+ A/ n6 z
Ottawa held its position as one of the country's most stable housing
! }- C9 G0 s" [2 M8 U! @# wmarkets in the third quarter, reinforced by a vibrant local economy and strong
/ j# e$ j! e) C3 `confidence, resulting in modest increases in average house prices. The city. l! N0 M1 ~. y: J
centre remained a bright spot in Ottawa, with homes in this area attracting
7 j* R4 U2 d: N+ N) I5 y1 @1 d4 iattention due to their convenient location and proximity to downtown4 Q5 D3 C0 I9 K
amenities.7 A5 K, w4 u- a+ V6 G: T
& E$ d5 \. ]8 q o, m; r; S1 ]9 n" u The housing market in Toronto sustained healthy activity levels
7 A& c; p; z; C9 j5 t# H5 uthroughout the third quarter, as a strong economy helped to maintain demand! Y' i" S; Y7 j. t; w" V! n
across the city, causing average house prices to rise moderately. Toronto has
! _$ L) N Q" A& x2 n, ], \continued to experience modest growth in average house prices, and has been! c* Z# ~9 }: M% o5 f$ D6 |
driven primarily by purchasers who are buying homes as their principle+ z' ]0 F. r% z
residence, rather than for investment.+ e& }( _& q8 |* B- Y9 t- n( P2 y
J$ p' P9 }6 y0 w9 L The vibrant Winnipeg housing market continued to show its strength as
, O( x( [5 ?0 z$ p/ [: Chouse prices rose during the third quarter. The booming local economy resulted
{2 m( |1 {, d' C8 m' K( Jin a historically low unemployment rate, helping to bolster consumer: ^1 q4 I4 ~, L8 f& z: h
confidence and Winnipeg's ranking as the city with the lowest capitalization7 H/ U4 b7 N1 j# C+ T& c
rate among the country's larger cities - helped to encourage buyers to enter* r& T* X- ]8 k) t7 U
the market.
" V4 K" A( |" M1 J2 h
9 I& F) o. a6 d6 t) f5 ~! P In Regina, the market experienced a slight seasonal slowdown through8 ^, A; S8 K7 W9 ?& M" R/ ]1 _$ _. B
July, as there were fewer purchasers in the market due to summer vacations. In+ P) F' ~* h3 g* \$ k$ U
August, activity resumed to the busy pace previously seen in the spring" M/ {" i. l! t) |, _ X" B) k
months, as the influx of purchasers made it more difficult to find a home due
$ B! G) n6 b4 A9 [$ wto the shortage of available inventory. ^+ `1 L Z0 h4 B
0 i- q. A' G) S. `7 B6 w# j+ n# a Activity in Saskatoon remained brisk as the market maintained its
+ I/ i+ _5 v) }$ e+ Umomentum from the busy spring sales period. The economy in Saskatoon remains
4 @/ s7 Z9 U4 j8 ?& H- i1 q1 Z, Wvibrant, as employment opportunities are abundant with many businesses
4 d0 G/ y" t0 Estruggling to make hires and having to recruit outside the province.% U5 Z7 X3 N5 c+ o/ w
6 l, ?+ m1 m; D; W2 g4 F# P# y% p5 k Calgary's housing market recorded blazing average house price increases
& c. ?* o8 I: F0 y% r$ rin the third quarter, in all surveyed categories. The burgeoning economy, low! y* i4 E/ y2 O- m2 w5 @) z" M# w3 P1 G; _
unemployment rates and low inventory levels remained the leading factors that
6 T: r! J5 Q% @/ Zpressured Calgary's house prices upwards. However, regardless of the soaring
( O. V$ R5 e1 m1 {. ]prices that characterized the market - even during the typically slower summer
4 k; m& T9 H! V$ ]' P5 Jseason - it is expected that activity will become slightly more balanced, as, y' B% r- K9 w4 ` E3 L, h/ F
buyers are becoming more reluctant to participate in the frenetic activity.
, \9 D, x; L! c. i% d6 L% _, {6 Z3 x6 O% h' {
Edmonton's booming local economy continued to thrive in the third quarter
2 f# U" o/ k8 `. _. P( y) tas activity in the oil sands north of the city continued to flourish. Edmonton
( k5 q: _0 D+ nremained the hub of activity for those coming to work in the oil industry,# u' a" ~7 W! K. w0 K0 b
maintaining tight inventory levels across the city, resulting in prices& V& B, R* C: `2 x7 F$ D( M
increasing at record levels. However, as inventory levels continued to improve+ g8 e1 C! L K Y
in the third quarter the rate of price appreciation should moderate slightly' |, r/ G/ m2 [; p" B) ?: F6 H
towards the end of 2006.
% M* E3 G& e0 p D2 M% C. x* f; r9 k* U5 z3 O% |6 l
While Vancouver has seen a slight reprieve from the severe shortage of( h0 d) H& t k2 K, g. u- z" z
inventory that had previously characterized the market, supply is still unable
7 J( B7 w7 q" Pto meet demand, driving house prices upwards. Vancouver has a very diverse0 d4 L" ^' r; A) j! ~% t
group of active buyers - from first-time home buyers to baby-boomers to
Y% g; x( i3 N0 ]7 ?7 {foreign investors - all of whom fuel the demand for houses, placing added
6 [! F; h* n% \& `! Mpressure on tight inventory levels.
8 l9 A/ X, H, @# H0 r! T' [4 [8 O8 P5 L8 e; v' V) |, e; T3 @
Victoria's market is vibrant and supported by strong economic' B+ _. x3 a5 r* a2 I1 j9 \( |
fundamentals, fuelled by a booming tech sector and a migration of young people! r; ]: b2 h1 g
into the city that has continued to support the area's house price increases;
u6 P+ X$ X n( wwhile increased inventory levels have afforded buyers more time when searching7 k: p P/ l# y
for a home, helping to normalize the market's pace.3 ~9 y j! M( T# G6 z% [
% P [* i6 S0 k4 o4 A3 _: _
<<
' G0 g8 v: s* B l! i4 {3 Q Survey of Canadian Average House Prices in the Third Quarter 2006
0 p- c2 G% F% J3 B8 R) I0 d2 w! k7 R x& g: b5 C- S
-------------------------------------------------------------------------" {, z7 t/ O( Z; G1 i9 k2 d
Detached Bungalows Standard Two Storey
{% s& E6 O* }8 Y+ ? C -------------------------------------------------------------------------8 M8 U4 Q) g- D' }7 ~2 _" K5 p
2006 Q3 2005 Q3 Bungalow 2006 Q3 2005 Q39 X. @" n" w. s! G! I3 r1 [& o; G# n
Market Average Average % Change Average Average' u$ T8 b" c% D1 j8 p+ E
-------------------------------------------------------------------------
- N L# q5 C" u! L9 O Halifax 186,333 173,333 7.5% 198,667 199,000
4 |# m- N4 W M) Q -------------------------------------------------------------------------
+ Q) ], v* |7 d1 O Charlottetown 145,000 141,000 2.8% 175,000 170,000
5 }; p3 T) Q/ r -------------------------------------------------------------------------" t; G) ^6 e0 ?6 G" |0 @9 B. ^
Moncton 135,000 127,000 6.3% 129,000 123,000
. H: X) d$ E% d% h' i! g6 \- i7 _$ Q6 c -------------------------------------------------------------------------
* B1 z: ~/ \- L# \4 W. H Saint John 141,200 142,900 -1.2% - -
e4 s& g2 X" k9 w3 [ -------------------------------------------------------------------------
- c2 b# [! J% {: r# g" U, @% ?2 B St. John's 143,667 142,667 0.7% 200,667 202,333" X* j0 a. v2 v0 q4 P* g# o/ F
-------------------------------------------------------------------------0 m, o5 K. c$ b7 T; }% t
Atlantic 150,240 145,380 3.3% 175,833 173,583
5 r0 P. d% p/ g -------------------------------------------------------------------------0 t) o* H+ r7 G) A7 Q' T
Montreal 213,691 203,500 5.0% 321,141 316,185
! z- ?$ f3 D5 C. v$ L -------------------------------------------------------------------------# ^( h2 f+ c% B: O( Z
Ottawa 290,083 278,417 4.2% 285,667 273,250* P/ m* V* U5 r- I: z) G- o
-------------------------------------------------------------------------5 D3 L5 E+ Z0 S$ |) {; T) d
Toronto 373,368 355,882 4.9% 481,523 474,766
5 f5 Z+ { U. T# l$ X/ Y -------------------------------------------------------------------------! o7 Y- u) c4 F
Winnipeg 181,579 159,860 13.6% 202,337 180,707! B. z4 y' v. o; p
-------------------------------------------------------------------------
4 n) i) u1 n) j7 v6 W+ z Saskatchewan 170,667 156,083 9.3% 182,600 166,500% a. ~# C5 y( z8 \7 Q
-------------------------------------------------------------------------8 k) L3 _. w/ Y! J3 }
Calgary 395,067 252,411 56.5% 405,778 264,389
% f9 I! D: i7 m9 | -------------------------------------------------------------------------: E. k8 F; O+ g* v
Edmonton 286,857 194,857 47.2% 316,429 206,714% W$ ]" k5 G2 K: Z
-------------------------------------------------------------------------
1 \8 K7 J2 t& t( Q. j, o; D k Vancouver 704,250 601,000 17.2% 794,000 697,5001 r: T8 C- ]2 O/ c6 y8 u
-------------------------------------------------------------------------
O5 T3 O* X& Y3 a- N- N Victoria 375,000 348,000 7.8% 403,000 391,000
( y* m7 Z8 E. e -------------------------------------------------------------------------2 j* I1 x$ M J/ `: r0 W
National 300,365 258,202 16.3% 365,380 322,860
9 S- g) \: e8 g& X" v2 e -------------------------------------------------------------------------
7 U5 K: v; {; z; L
8 ?/ F+ U7 U, A/ _7 ^, Q6 N0 x2 m -------------------------------------------------------------
9 U4 T. m- |; P* ` Standard Condominium
* t/ T( `5 @9 r7 E" M! n& N -------------------------------------------------------------
9 m( R% E# L+ u6 l 2-Storey 2006 Q3 2005 Q3 Condo; G x$ Z9 N w. J
Market % Change Average Average % Change
; W& j0 Q3 o9 t$ n" k5 n -------------------------------------------------------------
0 ], O# A- G! k1 c8 h$ Q8 n7 Z7 a* [ Halifax -0.2% 142,000 103,000 37.9%$ m: F! J- n7 @8 c3 W
-------------------------------------------------------------
- j( y0 |4 Y g$ Y8 C Charlottetown 2.9% 98,000 98,000 0.0%
- m- v$ T& G$ J8 v- U& ^( M; Y -------------------------------------------------------------2 J" @1 j; X- h& M
Moncton 4.9% - - N/A
/ P, l* M* d8 I, T. Q' ?6 m -------------------------------------------------------------% K. x: h3 i$ V: n
Saint John N/A - - N/A
. W ], O3 } H* h6 G -------------------------------------------------------------
7 B; Z; n' R+ `! r6 L( O5 M% _ St. John's -0.8% 146,333 145,667 0.5%
, \% G) G3 k" v -------------------------------------------------------------& O# ?. o* v0 E" B1 i; _6 t
Atlantic 1.3% 128,778 115,556 11.4% K$ f' {! K a* T
-------------------------------------------------------------
" l \2 Y. T0 }7 _- s% \ Montreal 1.6% 193,190 188,016 2.8%( y5 @' _/ n( z7 e5 r
-------------------------------------------------------------9 V) m/ z! [) m; X. D( G0 C
Ottawa 4.5% 181,083 172,250 5.1%' Z6 V1 p6 {$ g+ Q# [7 x- ^, O
-------------------------------------------------------------
) U5 f r( }3 S; g, [ Toronto 1.4% 252,088 242,918 3.8%7 V% m/ w! a" E& f8 I' [& d
-------------------------------------------------------------
4 D. D- M6 @8 G. h- P Winnipeg 12.0% 105,648 96,008 10.0%* D2 m0 t: r0 c7 f) V# U0 b
------------------------------------------------------------- V" ~, s6 p" j3 }! [" X5 d4 j" I
Saskatchewan 9.7% 106,250 101,000 5.2%
& b2 W5 E& I+ C. G- I/ F- k* u" y; c -------------------------------------------------------------: a/ E$ f! w6 ]: L; z9 |. g
Calgary 53.5% 245,844 153,867 59.8%' F: u) }' \# L& C1 E' j' [
-------------------------------------------------------------# |: T% N' G8 H$ ^$ i
Edmonton 53.1% 200,433 131,500 52.4%
( H5 N2 M8 b% e2 x, N -------------------------------------------------------------( _3 h& f# l4 z8 Y( n2 B1 [: ]
Vancouver 13.8% 366,250 323,250 13.3%
3 q( N6 e9 h n8 ^ i -------------------------------------------------------------
. E+ a2 T! j |, `4 ]$ _$ E/ s Victoria 3.1% 229,000 220,000 4.1%
* l) v7 ?( u2 X* [+ X9 x& c- i1 r8 V -------------------------------------------------------------
, ^+ p1 \. R% r* x0 S1 b f& r National 13.2% 211,562 185,296 14.2%
+ R: Y8 r4 g( I1 [ -------------------------------------------------------------* Q$ @! p( d! m: p
>>
- Y) U9 v+ R3 {+ z. K& Z% `7 M L
& N* [7 v1 i. | Average house prices are based on an average of all sub-markets examined6 A) d7 U" D: z2 d% K3 U% Y
in the area, except for the smaller markets of Charlottetown, Moncton, Saint6 w* T5 G8 H$ S6 u8 u# u
John and Victoria.6 p& |/ W/ Q: P _2 d
) l- y! d$ _. I5 \' z& i
The Royal LePage Survey of Canadian House Prices is the largest, most; w( X, B* r) F% C& r7 C2 W- g
comprehensive study of its kind in Canada, with information on seven types of) K3 W. I+ N7 }
housing in over 250 neighbourhoods from coast to coast. This release
3 u, L# }8 d2 f; Qreferences an abbreviated version of the survey, which highlights house price
9 u4 \0 w% B" ^trends for the three most common types of housing in Canada in 80 communities5 T. K1 P- y' s+ r x. r6 @
across the country. A complete database of past and present surveys is' R ?$ X5 | V
available on the Royal LePage Web site at www.royallepage.ca, and current
5 i' v" A+ j9 ?figures will be updated following the end of the third quarter. A printable7 E) H/ `3 T- d" {; F
version of the third quarter 2006 survey will be available online on
' e' l" v. x& \! w PNovember 15, 2006.
& C3 m3 S5 ^4 X% T- h Housing values in the Royal LePage Survey are Royal LePage opinions of. N$ k/ Y9 [3 K0 K# ^1 P: F8 h
fair market value in each location, based on local data and market knowledge' ~% n" }9 [! e8 c9 u- ^
provided by Royal LePage residential real estate experts. Historical data is5 z5 F4 c M. l% ~3 r* D" s) A
available for some areas back to the early 1970s. |
|