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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
, U& J: P6 H( q- p- j" v
7 Z$ X* G1 m+ K& W1 {3 x, o8 q, V- Country's market poised to show growth throughout 2006 -( _. |+ u9 Q7 ^' C3 ?

$ `2 G. @# |) u2 R, w    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market
8 \6 I( g* ]8 u6 T; C7 j) qexhibited moderate price increases and stable unit sales during the third& _% o. N! x) |# ]3 b, c
quarter. Wide regional variances continued to be the dominant characteristic9 x1 }7 ^& @; s! T( N$ f; G
in the market, exemplified by frenzied levels of activity and double digit8 x3 A/ `* }- i7 x. g' v5 B
price gains observed in the energy and commodity rich Western provinces, and5 O' J9 V/ }) X/ o+ [$ B
more reasonable sales volumes and moderate price appreciation in Ontario,/ b& c6 ~+ q" S5 j
Quebec and Atlantic Canada, according to a report released today by Royal
  D' w! T" }& z5 a/ T2 j& p$ }LePage Real Estate Services.8 b: L6 @0 k' {' u) L) g
- U1 f5 s% b6 o- v4 m) F1 J& e
    Nationally, market trends established through the first three quarters
! @* J3 l8 c1 C! Y& X1 b( Uare forecast to continue for the remainder of the year. Robust economic
0 K- o! y0 H  [! ]$ r; v- p' X- Uconditions, low unemployment rates, modestly growing salaries and wages, and1 _% P  C5 \8 T! @3 M
sound consumer confidence contributed to the overall strength of the
: c* O$ A& M5 xresidential real estate sector.2 ^+ f# ?! M& C& Y2 z5 T  Z

6 T# x# h0 K& n8 @$ x    Of the housing types surveyed, the highest average price appreciation2 t$ F% j' {, L" C
occurred in detached bungalows, which rose to $300,365 (+16.3%); }' u! p% ]8 X/ b( I* ^% Z
year-over-year, followed by standard condominiums, which rose to $211,562/ m7 e- e7 k$ u4 B7 C, x) k
(+14.2%), and standard two-storey properties, which increased to $365,380
5 X8 z* q  C  p& _% c% U- a, I(+13.2%).( n: q4 h) R0 s$ n

; n/ T! r/ P& ~    "Canada's sturdy housing market continued to demonstrate steady growth
# ^+ n( W/ Q" L0 y- Q( E* r: Hduring the third quarter. For all but the west, we have moved on from the
; Z1 @+ D# Z7 H$ ]* H* q2 C& ^frenzied expansion that characterized the first half of this decade, and are
* s/ o% N5 Y* j4 O: p: ^. cpoised to show continued growth at a more moderate pace," said Phil Soper,! S/ {0 J9 `- N1 `
president and chief executive officer, Royal LePage Real Estate Services.
, I9 c8 l5 L( c( i$ @"Gone is the sellers' market that we have lived with for some years. We" T) H1 D, R* W4 @7 G4 C7 Q
welcome the more reliable conditions that are characteristic of a healthy
. v( _5 u9 o( I) z8 Q! O! bbalanced market."  W3 {! v4 e  ~: p6 `% V
# d, m1 |9 ]; `5 k: {
    Despite the double-digit rise in average national house prices,
( `# a! N0 B2 I) c0 ]/ ~: qconsiderable regional variances were exhibited again this quarter. The shift2 K7 t4 N8 ~& |
to balanced market conditions, which began in late 2005, has continued
5 M. p+ N; u7 h0 _+ a0 h# G7 zthroughout most of the Central and Eastern regions of the country. In the core4 m: t6 y$ }  \- U
energy producing western provinces, the combination of very high in-migration,
2 d0 w# ~$ B* U- h6 }3 B1 }6 Z7 Cmanageable affordability, and a shortage of inventory has driven record7 B0 U) s7 j* W9 m
breaking price appreciations.
! b2 D5 w( v" ^
9 v5 f& r. C( v: i    Echoing the second quarter and supported by Alberta's rapidly expanding
2 ?8 u/ {: v7 weconomy, Calgary and Edmonton led the charge of Canadian cities with the$ Q  p. {2 M- d) }
largest house price appreciation in all housing types surveyed.5 s# t: H$ Y+ b( ~* c: o2 x  x* l' G
2 Z, L0 G; E- u
    In Ottawa and Toronto, growth remained steady, supported by solid. H  @5 h# K% C' b- U) F( S5 l0 W9 V2 R
economic fundamentals, an increase in available inventory and strong consumer
! h0 @6 o1 k' {$ n7 sconfidence. While the pace of price appreciation in Ontario leveled off4 }( z9 G: _% _( D/ v) |# ^
slightly, the province's real estate market remains poised for modest growth.
1 f% O/ Q' ]9 i" \In Atlantic Canada, new housing and condominium construction offered buyers' ]8 `! p! x0 y1 Y+ I, F7 a
greater selection at more competitive prices, resulting in a slower rate of* X7 t- l! d8 A& F5 H$ r! E' l
price appreciation when compared with 2005.
% H. k8 ^" c, u4 A0 E1 q5 U- l; X. a+ F
    While the pace of growth in Canada has slowed, the domestic housing) q; k, Y% Y/ {* {$ E
market is expected to outperform the American market. The economic and
2 o; q* c" w4 J  }8 S2 h' R  l) Nfinancial fundamentals driving the residential real estate sector in Canada9 N/ p7 A( l+ M8 z$ ]3 ]
are markedly different than those found in the United States.
; |$ \  C7 t/ _7 ]1 y$ T% S+ j% d: C. e9 f5 e& B0 }! S7 u2 p, r3 E
    Added Soper: "Canada's housing market is likely to outperform the# F. l0 L' w; ^# r9 x5 E; @
American market through 2007. A number of factors are working in Canada's
% _3 O/ G; o, |favour, including healthy personal and governmental debt levels, the
- a* I: X1 M; {5 b3 |5 K6 Q$ orelatively modest rise in interest rates in our country, and general
: Y: Y1 ^$ k& d* Waffordability in our major cities. In addition, Americans are now seeing the$ \; c0 h, Z+ R' s* ?9 W3 R- X- _- k
downside of a tax system that encourages maximum homeowner leverage, and! |6 M6 s6 T+ n9 _+ a
aggressive financial products such as zero- and negative-amortization
% |  p6 m/ Y6 @4 a/ O" omortgages that work only in a high price growth environment.", g# E$ y: B% W1 A6 ^# ]2 O" Y
" E3 ]; _9 ~* O, U# t
    <<. O5 D# b( O* p2 C
                             REGIONAL SUMMARIES
1 P6 H; c# C' K7 u$ o" F7 i    >>  R  \4 ~1 E9 P7 y/ ^* ?2 D( M& s

4 ]9 y4 q: w: w; z! Z    Balanced conditions continued to characterize the housing market in
/ O, y+ ~0 A) ^, ?/ p7 uHalifax, as significantly higher inventory levels helped to moderate the rate+ f! K( Y7 n9 F, d
of price appreciation. Buyers were increasingly choosy, taking more time
/ U: x7 h& Y  z0 D* mlooking for newer, low-maintenance properties that were not in need of8 s, i- H* M* V, ]
renovations.
, @2 _; d' ^  t- r, g7 z# @0 e2 N* @7 ^1 h7 F& l
    The housing market in Moncton remained healthy and strong as a slight
& m4 a% V3 h7 Z: C+ Dincrease in inventory helped to moderate the rate of price appreciation% v9 K2 ?1 ~/ O2 t. E  I, {
compared to the same period in 2005. Activity was brisk throughout August and
6 J& R0 A. M$ E: ^3 o; A8 MSeptember and is expected to remain this way through the fourth quarter.
& u. \! y4 m! l1 t
$ k4 G( M' D" s    The housing market in Saint John underwent its traditional summer
$ `) r+ K7 ]$ Y3 x5 U! _- |slowdown in the third quarter, with activity picking up towards the end of the
8 R& F) k% K$ p8 Kquarter. The local economy continued to thrive, as construction on a new
7 K: x% |- u+ O600,000 square-foot shopping area has begun, bringing several new box stores
& T, l8 @  q" t5 I( M2 i5 Lto the area. Buyers have begun seeking less expensive fixtures for their homes
1 Y1 I" ?! n: rand are instead opting for more affordable housing options.( u: ^; I( m$ ?! ?
1 C' g% A, X: b0 m) L
    In Charlottetown, the housing market started to move towards balanced
: X3 Z8 o: w5 }' o. n. aconditions, as some sellers had to begin to lower the asking prices on their
* \' S, h: A9 ]$ Whomes to make them more competitive. Activity from out-of-town and US buyers
* G2 x( y+ G2 A# L/ d& H- _) Twas down slightly compared to 2005, likely attributable to the strong Canadian  n, }0 [- W7 [+ H. b2 ~  D
dollar. Inventory levels began to creep up in the third quarter, providing
6 W2 h' M; `6 t, Ubuyers with more options when looking for a home.9 p' }  w- E- w( b" ?0 p
4 `) W* Y6 J6 {: U2 D; v' M
    Activity in St. John's slowed slightly in the third quarter, particularly
4 a0 s& F# o9 Z7 v4 Vamong higher-priced properties, where there was a slight over-supply of homes& y# `5 t, A; U+ o4 ^8 h" S
priced over $200,000. Listing periods have increased when compared with 2005,' e$ t; [, u! |$ o' d
as some of the pent-up demand that had characterized the market over the last+ |8 H" k1 V' ]* W
few years has been satisfied, resulting in more normal, balanced conditions.
5 T1 o8 ~6 ?; J/ a2 w* t  S/ r# [$ ?. y( U. V, F
    Montreal's housing market recorded modest increases in average house# K6 B4 b3 i: n6 H* g2 j- Y8 p
prices, due to a slight seasonal slowdown in the third quarter as inventory
" C+ t0 p7 H0 [! H. Q% Glevels rose. Part of this can be attributed to the fact that many renting
9 g" {3 Y' F! _2 Tfirst-time buyers were motivated to close on the purchase of a home by July 1,
3 X8 o0 Y  K) E3 D) U& Uwhen rental leases expire in Quebec. Once this date has passed some of the
! N( g! i% ?/ {pressure is taken off the market, allowing buyers to visit more homes before
% l$ ^# z2 L5 Q0 ?9 E9 pmaking a purchase.
3 f! C' ^& h* s$ J) j% I( m0 o+ F4 Q/ M( A# {. E
    Ottawa held its position as one of the country's most stable housing
, a6 B- l5 t, omarkets in the third quarter, reinforced by a vibrant local economy and strong6 |& l8 H" S# ~( f) [3 W8 B* r
confidence, resulting in modest increases in average house prices. The city6 h2 p$ n  Z: O
centre remained a bright spot in Ottawa, with homes in this area attracting
2 l4 t4 R2 k- |- P7 vattention due to their convenient location and proximity to downtown* |& b6 {" _' q. ~
amenities.  @, m3 n: R8 J) R( ?% ^

  O6 \1 Y) p/ [, @2 X: X# _    The housing market in Toronto sustained healthy activity levels/ V, h+ N, R8 i( }
throughout the third quarter, as a strong economy helped to maintain demand* Z+ Y( P  ?# Z( G& Z
across the city, causing average house prices to rise moderately. Toronto has' q7 J6 O3 u2 c3 k: C
continued to experience modest growth in average house prices, and has been
! ?3 N1 w6 m9 K  \0 k- z% odriven primarily by purchasers who are buying homes as their principle# _+ [# Y# ^) _. o6 C1 ^6 H
residence, rather than for investment.
/ V, y1 T: D7 @5 a3 E$ B( f7 M' Z. y0 M; {1 ^) u! O$ I
    The vibrant Winnipeg housing market continued to show its strength as) Y8 K' u' [5 w6 Z
house prices rose during the third quarter. The booming local economy resulted. \4 d5 c% r4 `& D
in a historically low unemployment rate, helping to bolster consumer
0 g9 h$ ^0 Q& F9 T# [* l* f. ~' w1 tconfidence and Winnipeg's ranking as the city with the lowest capitalization
+ T" d. S9 ~7 ?' ]7 x' a  }- Q# Wrate among the country's larger cities - helped to encourage buyers to enter& {: K+ J& j) F8 l9 S, z- e) @! X
the market.4 c7 ~6 S9 t1 [$ `- n/ X6 |: K+ w
# p- d1 Z9 x  f% c4 p
    In Regina, the market experienced a slight seasonal slowdown through
$ V4 Y  v3 l, g+ _July, as there were fewer purchasers in the market due to summer vacations. In
2 b' J+ T4 k9 k, T6 l" k# ?August, activity resumed to the busy pace previously seen in the spring
0 r. b3 W( q* ]0 n( G) Kmonths, as the influx of purchasers made it more difficult to find a home due- i  |$ \2 g, o) ]0 ?; O
to the shortage of available inventory.& Y1 m8 \( f1 D1 f
. P6 I* |/ ^8 G9 B1 C1 b. J" c
    Activity in Saskatoon remained brisk as the market maintained its
& g% {8 r7 U9 H1 B& Y) m/ w8 ~' H" `momentum from the busy spring sales period. The economy in Saskatoon remains
9 b, t, x5 S0 Y6 H3 i' Q% }vibrant, as employment opportunities are abundant with many businesses- ~$ l0 z& S1 }, U; c; v
struggling to make hires and having to recruit outside the province.$ H: z9 Z' N: M/ p

( h4 D, h* V! j% H4 C( {, u7 t3 E3 ~    Calgary's housing market recorded blazing average house price increases* {. Z- M1 G* i/ o
in the third quarter, in all surveyed categories. The burgeoning economy, low6 C& F4 H' _- h3 S( h# `( ?
unemployment rates and low inventory levels remained the leading factors that# p; i" H" M1 T! i0 F+ Y' w
pressured Calgary's house prices upwards. However, regardless of the soaring
% R  D9 [) y( U  zprices that characterized the market - even during the typically slower summer
3 C3 I- s. J# C( U( J9 m; X9 lseason - it is expected that activity will become slightly more balanced, as/ I  }1 g7 P: ]' p9 x
buyers are becoming more reluctant to participate in the frenetic activity.

6 O. X# N0 {* ~5 b2 @
1 V& ~3 O1 X' ?% r) I& F    Edmonton's booming local economy continued to thrive in the third quarter
( i- X, v/ @2 J" G8 r  s. pas activity in the oil sands north of the city continued to flourish. Edmonton
3 K6 D0 p- b5 V& {remained the hub of activity for those coming to work in the oil industry,+ g$ i  C0 c' F$ u
maintaining tight inventory levels across the city, resulting in prices' k% Q- t: s0 e
increasing at record levels. However, as inventory levels continued to improve
7 t. A+ ~" A8 t% A7 A* Lin the third quarter the rate of price appreciation should moderate slightly
5 n5 U+ L8 }8 `7 @- ~% w1 I" otowards the end of 2006.
   
8 t2 t. a: a* c5 P
' e4 A8 W2 t* N- _' UWhile Vancouver has seen a slight reprieve from the severe shortage of
$ W! L7 {/ g9 v1 V1 U/ F0 q2 ]inventory that had previously characterized the market, supply is still unable! P( j5 A* F4 @1 E3 ~. O, M
to meet demand, driving house prices upwards. Vancouver has a very diverse( x5 F; J  X( i0 I3 n6 Q! S
group of active buyers - from first-time home buyers to baby-boomers to% ~! g, N& r& ]0 x
foreign investors - all of whom fuel the demand for houses, placing added
9 e" s+ H9 l8 R8 Bpressure on tight inventory levels.6 v$ U3 ?2 B( `2 U3 u
- K) f8 z0 S9 A3 O2 M: V
    Victoria's market is vibrant and supported by strong economic6 l  M$ `2 L4 ~! H# x
fundamentals, fuelled by a booming tech sector and a migration of young people: ?% b1 {7 ^: N+ N  a  E% Y
into the city that has continued to support the area's house price increases;
$ n, i% v% G3 g/ X+ {# rwhile increased inventory levels have afforded buyers more time when searching; {; S- C0 @: F
for a home, helping to normalize the market's pace.) b- @7 t1 ^  L( W- c2 k0 g3 Z

# V6 q+ U# ^3 ~    <<
8 V. w# {( a- ?- P) O* G& [      Survey of Canadian Average House Prices in the Third Quarter 2006
, A+ A' T- \0 b6 K6 f1 {# h8 P+ Z! h0 |) }" D3 I- _
    -------------------------------------------------------------------------
4 O2 U! S, y5 P- G3 }% u                 Detached Bungalows                Standard Two Storey
7 Q7 H7 b8 P* O+ |    -------------------------------------------------------------------------& e& p* ?% L/ [4 G8 k4 x. e! n
                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q3- }5 F0 a6 w+ `7 }
    Market           Average     Average    % Change     Average     Average' K* R3 [4 H" [8 g% r/ m( a# b" a
    -------------------------------------------------------------------------
0 C7 a9 q* b) I0 l3 p1 Z/ w1 l) d    Halifax          186,333     173,333        7.5%     198,667     199,000, w' v# V9 Z& d, k  j
    -------------------------------------------------------------------------
) [1 G; l" \/ _3 i+ r! q9 P    Charlottetown    145,000     141,000        2.8%     175,000     170,000/ r) F5 p& f% c. ?
    -------------------------------------------------------------------------
+ l1 G. y0 A- a, ]6 K    Moncton          135,000     127,000        6.3%     129,000     123,0007 o- d  U" s# s* I- ~; }
    -------------------------------------------------------------------------5 {; R/ g- l" R/ f# o3 F$ B/ h
    Saint John       141,200     142,900       -1.2%           -           -3 |1 t' O7 \2 D$ v# v) C0 E
    -------------------------------------------------------------------------
% D& U" ^; |: \7 K    St. John's       143,667     142,667        0.7%     200,667     202,333
/ I% Q9 s+ a+ Q& t% E- e6 d8 F# i    -------------------------------------------------------------------------
( l1 Z+ O, z  C$ s. y2 V. r    Atlantic         150,240     145,380        3.3%     175,833     173,5834 U  b0 n! z; V$ }5 Y* i  p$ o
    -------------------------------------------------------------------------
4 u" Q: ~* T" x6 ^    Montreal         213,691     203,500        5.0%     321,141     316,185
: @/ {) b& a2 }8 ^    -------------------------------------------------------------------------
9 n. a8 p! o" D* r/ D    Ottawa           290,083     278,417        4.2%     285,667     273,250  |8 x) S' I8 M% F% W% V8 D
    -------------------------------------------------------------------------# D1 z8 Y6 D5 c% T, B) B% J1 Z
    Toronto          373,368     355,882        4.9%     481,523     474,766
( ]2 a& t4 J$ J    -------------------------------------------------------------------------
/ I5 ], G) m' a) L    Winnipeg         181,579     159,860       13.6%     202,337     180,707
7 x" x9 k, l  O. O- C+ |, a5 _    -------------------------------------------------------------------------- e1 W; E* J5 @
    Saskatchewan     170,667     156,083        9.3%     182,600     166,5009 I/ t) v% q: G! i6 L
    -------------------------------------------------------------------------
# o# @/ O! K0 b0 y    Calgary          395,067     252,411       56.5%     405,778     264,389
0 s& u" @' _8 @% Z5 i* X3 c9 i    -------------------------------------------------------------------------
1 ^! c/ |4 S6 h& w! a* J4 v    Edmonton         286,857     194,857       47.2%     316,429     206,714; @0 w7 w$ W6 v/ h7 d5 ^- h3 c
    -------------------------------------------------------------------------# _; z& j$ {% f+ D
    Vancouver        704,250     601,000       17.2%     794,000     697,500
' J9 c- X$ I6 K2 G+ B" M    -------------------------------------------------------------------------4 d. c! _; X, B) T
    Victoria         375,000     348,000        7.8%     403,000     391,0000 @: @" D3 `4 H4 H
    -------------------------------------------------------------------------
; F# ~! f+ `/ @/ l    National         300,365     258,202       16.3%     365,380     322,860
5 ?- ^7 Y) ]( c# Q    -------------------------------------------------------------------------' m' Q, e* _3 c* T8 w
, B: z' |9 R6 I1 f5 |( O
    -------------------------------------------------------------. `* k+ l( M" {% \8 P: }
                               Standard Condominium, X$ p, j- v7 o& w7 s) Z9 R
    -------------------------------------------------------------* x$ W% G8 C: F, J4 F
                    2-Storey     2006 Q3     2005 Q3       Condo
! L7 H! Q. D4 {3 z8 T& a9 m    Market          % Change     Average     Average    % Change2 ^& a& |4 z" U$ l- D
    -------------------------------------------------------------5 R& O, T5 n" \% U# ]0 E
    Halifax            -0.2%     142,000     103,000       37.9%8 `2 q- u- T: p; V( {$ c
    -------------------------------------------------------------
$ C" Y9 A1 ]) d+ K3 ^% H+ \/ D0 R    Charlottetown       2.9%      98,000      98,000        0.0%  j  K& A1 y9 R/ |6 {
    -------------------------------------------------------------
: y2 V& t6 W/ r    Moncton             4.9%           -           -         N/A
$ R0 V% Y/ s% L6 M. k- m" c    -------------------------------------------------------------1 i; U: s* m- y' Y1 s6 O
    Saint John           N/A           -           -         N/A
& `" n9 J# U9 A* X3 L& p    -------------------------------------------------------------
( J% R( {0 J1 a  O' Q; Z    St. John's         -0.8%     146,333     145,667        0.5%
2 N7 q# j8 S/ X6 k) c* g4 F    -------------------------------------------------------------
: [% Y3 T6 D/ I: k2 M4 u    Atlantic            1.3%     128,778     115,556       11.4%
9 T6 w5 u# j8 }9 o, O) i    -------------------------------------------------------------$ B: q0 ^4 r' ~
    Montreal            1.6%     193,190     188,016        2.8%, ~; q6 I. [8 m5 j+ m  o. Z- `* [# K. u
    -------------------------------------------------------------8 X7 R: S* l- `9 C! R
    Ottawa              4.5%     181,083     172,250        5.1%3 K/ k2 }4 T: }) b7 U9 Y3 ?
    -------------------------------------------------------------( t# u2 a# h1 X0 C: l
    Toronto             1.4%     252,088     242,918        3.8%
. l7 i9 f, E* i, O+ s9 b" a) c0 C    -------------------------------------------------------------
2 J! P' ?" J4 {! I& R    Winnipeg           12.0%     105,648      96,008       10.0%
! C/ L! g/ l: h% w/ A    -------------------------------------------------------------
0 f# _9 _- Z. d$ R3 ^" z    Saskatchewan        9.7%     106,250     101,000        5.2%2 S& B& Z( T+ t" x* X/ n
    -------------------------------------------------------------7 g% r! z  w4 |5 {8 n& ^) K
    Calgary            53.5%     245,844     153,867       59.8%
' s8 A! x6 m% w& V% W% ]; f) u) S- z    -------------------------------------------------------------1 {* B/ P4 j0 u3 z
    Edmonton           53.1%     200,433     131,500       52.4%
+ K' \$ h$ n: v    -------------------------------------------------------------  a# f4 u- e4 e' b
    Vancouver          13.8%     366,250     323,250       13.3%: X. g+ l. S( l' \9 b4 e
    -------------------------------------------------------------
- N5 B! V+ d: C" I    Victoria            3.1%     229,000     220,000        4.1%
, x' [2 m0 c5 e2 h    -------------------------------------------------------------
& Z, b5 p6 U+ H. o% ^    National           13.2%     211,562     185,296       14.2%% r( x( B( v. }  `8 Q; r
    -------------------------------------------------------------
. M- N$ M( a- s. I4 l. F# v    >>
, p# v  }, F$ x+ x
$ O. L1 u/ v2 m6 J3 P+ B. F    Average house prices are based on an average of all sub-markets examined
! R0 z$ m" V/ u% G- G( gin the area, except for the smaller markets of Charlottetown, Moncton, Saint
2 E0 Q$ m- [4 `6 r2 T6 lJohn and Victoria.
% z6 k1 \) f  v* \" C8 h- q" N4 q+ R1 [( Q& B7 g7 R
    The Royal LePage Survey of Canadian House Prices is the largest, most6 I8 y3 u  Y3 s3 W
comprehensive study of its kind in Canada, with information on seven types of: ^4 a# _( G5 r, ^: a6 ^) T* [' F- o' C
housing in over 250 neighbourhoods from coast to coast. This release
" e/ S  E8 h: O0 k: i! L) o+ ~+ zreferences an abbreviated version of the survey, which highlights house price& {) `" ^, z5 V0 n2 m
trends for the three most common types of housing in Canada in 80 communities
9 z! j* A# x7 C0 q. Gacross the country. A complete database of past and present surveys is
, S6 B6 u8 t" g7 ~8 U' Savailable on the Royal LePage Web site at www.royallepage.ca, and current
( m) B$ U( u! Q+ ~$ kfigures will be updated following the end of the third quarter. A printable  Y4 M' L; g0 K4 I
version of the third quarter 2006 survey will be available online on& r6 b- P( {6 c, k; |& E5 i
November 15, 2006.
5 _5 [5 O7 M- [. X- j0 S    Housing values in the Royal LePage Survey are Royal LePage opinions of$ w# z" r9 T% a& C4 B* l1 T
fair market value in each location, based on local data and market knowledge) O, n. t: s  Z
provided by Royal LePage residential real estate experts. Historical data is7 E3 ~& j- A- z$ C0 ]# U/ Q5 R+ t
available for some areas back to the early 1970s.
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