 鲜花( 0)  鸡蛋( 0)
|
Canada's housing market both vigorous and stable
# w$ g4 i, `! {) a7 w) ^% [* c2 ?% p5 ^7 d) H. k8 g
- Country's market poised to show growth throughout 2006 -, ^+ q! D* X+ s+ p+ Y
" r' h( R) A e: ? TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market
) }) r- K' d1 b' V0 ?exhibited moderate price increases and stable unit sales during the third
1 {6 S6 ~3 D/ s4 rquarter. Wide regional variances continued to be the dominant characteristic
$ L5 ?& c8 Y1 M$ z0 Din the market, exemplified by frenzied levels of activity and double digit3 L0 q9 x6 @$ Q. {8 Q5 f- n
price gains observed in the energy and commodity rich Western provinces, and
- }1 E* }' s) jmore reasonable sales volumes and moderate price appreciation in Ontario,
- Z6 L+ G2 R0 L, u. WQuebec and Atlantic Canada, according to a report released today by Royal
& I5 I$ t3 w2 `2 I8 VLePage Real Estate Services.& k1 J% a# T. { ?! K/ I
3 Z- w3 Y, ]6 w2 W7 D- F7 _ Nationally, market trends established through the first three quarters
: q2 o1 U% ^8 ~, ~: B* Eare forecast to continue for the remainder of the year. Robust economic
- k; b9 d9 d- J- l& Z: _6 tconditions, low unemployment rates, modestly growing salaries and wages, and: o" D, R" k9 {' I* H0 B
sound consumer confidence contributed to the overall strength of the
3 b `: e5 H" o' U% L/ h7 Jresidential real estate sector.0 U) {5 ^, B; U. \/ H$ Q+ e; O
6 l" Z8 b, O7 }4 d, R* v$ i4 P0 D Of the housing types surveyed, the highest average price appreciation
$ b# Y8 r# n% c woccurred in detached bungalows, which rose to $300,365 (+16.3%)
# G" j$ ?- C4 W) b1 nyear-over-year, followed by standard condominiums, which rose to $211,562
6 C8 v2 z8 p' W3 V4 k* e- h1 @(+14.2%), and standard two-storey properties, which increased to $365,380, q3 T0 e9 @' a. F1 p: j% Y
(+13.2%).
|' J" s& f* D- Q" e4 f. Z5 x; N, Y0 \' i* ?& s" m
"Canada's sturdy housing market continued to demonstrate steady growth) }; ~0 I, |- ~; s- q" l* b% r" _5 d
during the third quarter. For all but the west, we have moved on from the9 ]: o5 B: |9 s! q+ ^
frenzied expansion that characterized the first half of this decade, and are
1 ~ ^1 d( G# [0 } \& Kpoised to show continued growth at a more moderate pace," said Phil Soper,
6 g5 t" E( m6 p5 c9 Q% fpresident and chief executive officer, Royal LePage Real Estate Services.
; `( E1 ?6 A$ @* W"Gone is the sellers' market that we have lived with for some years. We" W+ I. y, Z& f" }6 _5 Y L, s# x
welcome the more reliable conditions that are characteristic of a healthy1 c3 J" r9 v6 }
balanced market."
$ B+ l8 L3 ~) ?* O& v" j B {/ L( n5 ~. y3 p6 m' N7 G
Despite the double-digit rise in average national house prices,
- z' x& P' M1 dconsiderable regional variances were exhibited again this quarter. The shift
& W6 \1 M, j/ m0 ^4 Q5 ?to balanced market conditions, which began in late 2005, has continued
6 t4 L8 x2 m% E$ Dthroughout most of the Central and Eastern regions of the country. In the core7 f- ~+ J5 T! r1 ?! P5 I
energy producing western provinces, the combination of very high in-migration,
% T' E, v4 }: e; }manageable affordability, and a shortage of inventory has driven record! u* H& b2 {% N" r) |9 l, q
breaking price appreciations.1 R: a F: C8 q _
; R% d: e+ R& b; \/ V1 s( l0 E& O Echoing the second quarter and supported by Alberta's rapidly expanding
0 {) Q c. y( ~/ P3 ?" H- ^economy, Calgary and Edmonton led the charge of Canadian cities with the2 t: x3 o+ H! |0 f7 L+ Y
largest house price appreciation in all housing types surveyed.
7 e) h+ u' X* }9 g8 U" ]$ g- O% {; y* k: ?# j: l( F5 k
In Ottawa and Toronto, growth remained steady, supported by solid
$ G+ h& P. l9 o/ R# z, ~, N; r1 Zeconomic fundamentals, an increase in available inventory and strong consumer
' G3 H4 U# g) M0 @8 Z, a8 L3 jconfidence. While the pace of price appreciation in Ontario leveled off% I" w9 k4 U0 R" U8 v
slightly, the province's real estate market remains poised for modest growth./ o t. u4 X6 x4 a" F1 K( y: \
In Atlantic Canada, new housing and condominium construction offered buyers5 r+ i! p% C& [7 z
greater selection at more competitive prices, resulting in a slower rate of6 V9 g8 F$ R7 v. z7 e: k
price appreciation when compared with 2005." x+ w O. K" `0 ?' y' T, x
, z4 S: n! w, x6 {, N8 \ While the pace of growth in Canada has slowed, the domestic housing
~% h5 Q' b; z& Z0 S5 | @! C$ emarket is expected to outperform the American market. The economic and
2 | x9 e) H# N1 i! x8 ^financial fundamentals driving the residential real estate sector in Canada
% A7 l2 \3 G! R/ @6 oare markedly different than those found in the United States.: O+ U' [+ p% b! l0 d3 v
5 M7 }& k* p9 k Added Soper: "Canada's housing market is likely to outperform the% T- t' S, S0 @& u6 h+ v
American market through 2007. A number of factors are working in Canada's8 y+ A/ d5 w1 G
favour, including healthy personal and governmental debt levels, the
, j3 o* {! t& ~3 j# Arelatively modest rise in interest rates in our country, and general( a& f; ?+ M x; ?% a
affordability in our major cities. In addition, Americans are now seeing the/ R9 _- l9 A% ]" _4 I
downside of a tax system that encourages maximum homeowner leverage, and& a5 _, B( X) A& z* z4 C1 X
aggressive financial products such as zero- and negative-amortization
8 W3 l( O% K( J# ^. ]3 j# smortgages that work only in a high price growth environment."
1 z, W6 d$ z8 B( I/ Y6 V5 C/ ]6 f W, P% m
<<
6 G0 X( g3 Y& v/ m. _0 I: F2 i; G REGIONAL SUMMARIES I) L3 m5 ]. ^9 ~, _7 Z) {; d5 y
>>+ f3 F4 e& M9 t2 T- U
5 A1 u% @9 [; z- R9 y Balanced conditions continued to characterize the housing market in; o: w$ U% l5 w
Halifax, as significantly higher inventory levels helped to moderate the rate1 b$ v/ p x: U7 @) `
of price appreciation. Buyers were increasingly choosy, taking more time8 A1 N. O0 f; H8 S
looking for newer, low-maintenance properties that were not in need of! e/ ^ P& h- l" N( ]: l
renovations.
+ l! s. x! B, z1 m; _1 B0 l! C' x) k, H
The housing market in Moncton remained healthy and strong as a slight
9 _8 X6 [4 p* B0 R+ A2 t& rincrease in inventory helped to moderate the rate of price appreciation
& o8 z; [2 ?( q9 e5 S$ @$ Kcompared to the same period in 2005. Activity was brisk throughout August and
1 |2 T7 z. [% Q% ^September and is expected to remain this way through the fourth quarter.
/ Z8 `2 i0 \" N. ~% \# s4 N6 B
" j9 J4 V. a7 R4 \' g2 l! G- s- W The housing market in Saint John underwent its traditional summer3 ]- \ {4 O( I1 ^ X, F3 `. B" T+ E
slowdown in the third quarter, with activity picking up towards the end of the6 M5 D: j, P/ J
quarter. The local economy continued to thrive, as construction on a new
) K7 \+ |8 P# H600,000 square-foot shopping area has begun, bringing several new box stores3 D5 Q3 m0 o U4 Y! Z' z' M! U
to the area. Buyers have begun seeking less expensive fixtures for their homes
+ E8 A2 ?- ]2 l) D6 wand are instead opting for more affordable housing options.2 I! [) `% e' } l) F! j
) k# T3 {! K; @, J
In Charlottetown, the housing market started to move towards balanced5 @' n& c1 E8 {( Z+ C/ g
conditions, as some sellers had to begin to lower the asking prices on their/ J$ ]# p9 N3 c, U! D
homes to make them more competitive. Activity from out-of-town and US buyers
5 I/ Z+ E2 S( _* M1 h, P; o5 e# l4 U# {was down slightly compared to 2005, likely attributable to the strong Canadian' y; x( z+ U- y
dollar. Inventory levels began to creep up in the third quarter, providing. v' T% d9 B# S+ U% s! t, B: G
buyers with more options when looking for a home.
! C% U1 Z: e- U( E) X: L" f, F2 K" N! d8 l6 a4 v' I
Activity in St. John's slowed slightly in the third quarter, particularly
$ F6 g" `! Z8 mamong higher-priced properties, where there was a slight over-supply of homes
# G! U$ K9 G. C$ P& n; rpriced over $200,000. Listing periods have increased when compared with 2005,
- O% H$ Y5 c! b2 r& L5 i; |as some of the pent-up demand that had characterized the market over the last d- R5 K3 ^$ ]1 e- p8 ~
few years has been satisfied, resulting in more normal, balanced conditions.( {) X$ P" q& D0 i6 g: A
W* |( K+ d$ |, F% E Montreal's housing market recorded modest increases in average house
6 h }* B; |# M' B) ^prices, due to a slight seasonal slowdown in the third quarter as inventory) O2 `' k& n, @' V5 [( ? q
levels rose. Part of this can be attributed to the fact that many renting; |7 o) ]- i: C8 A2 P4 a# s1 E
first-time buyers were motivated to close on the purchase of a home by July 1,0 k$ D* I9 |# Q' T
when rental leases expire in Quebec. Once this date has passed some of the: z* I" A2 Q z. ^+ k
pressure is taken off the market, allowing buyers to visit more homes before
. G' U& N. E' _4 mmaking a purchase." M1 w/ q3 V) k1 s& O8 q& i
. n$ L) R) ~) F9 I* @ Ottawa held its position as one of the country's most stable housing
9 m; K3 g/ g: U( M1 \markets in the third quarter, reinforced by a vibrant local economy and strong* E- s7 J8 k5 Y, z, |1 c
confidence, resulting in modest increases in average house prices. The city
9 {0 ?& a9 B, P5 L3 jcentre remained a bright spot in Ottawa, with homes in this area attracting- K* }" R+ R; U6 M& X# n: |6 C
attention due to their convenient location and proximity to downtown) o5 Q5 C+ u5 w
amenities.
6 h9 b$ P6 d; g( j9 _0 H
* n; ]3 M5 k# i9 \' R The housing market in Toronto sustained healthy activity levels
0 z6 P! }% L) |( G8 f0 B, uthroughout the third quarter, as a strong economy helped to maintain demand4 I4 B8 Y2 A6 x/ T7 g
across the city, causing average house prices to rise moderately. Toronto has2 b8 i( G$ O( n# G
continued to experience modest growth in average house prices, and has been
3 M+ T3 C4 j5 Fdriven primarily by purchasers who are buying homes as their principle, t9 l) A6 \7 K2 ~: O& z
residence, rather than for investment.
/ t7 M$ J& T9 T. ~6 |% i7 ~% E' C T- E5 x: H0 \
The vibrant Winnipeg housing market continued to show its strength as' a" _% Y7 Q) c. ~+ W2 t
house prices rose during the third quarter. The booming local economy resulted
/ c M5 i' W4 }$ n9 `# i2 |2 Xin a historically low unemployment rate, helping to bolster consumer8 A+ I; ^- ?0 y. M
confidence and Winnipeg's ranking as the city with the lowest capitalization" k- s/ m" \0 b5 g6 I
rate among the country's larger cities - helped to encourage buyers to enter
8 B) Y1 {2 Z. w$ C8 u) fthe market.
" F6 G% U% ?/ r9 p0 y3 c/ m& S8 Y$ Z8 |+ `6 L
In Regina, the market experienced a slight seasonal slowdown through9 l+ K% }" W$ G; L b6 c
July, as there were fewer purchasers in the market due to summer vacations. In
7 ~6 P3 G; h# L. L- N1 v1 DAugust, activity resumed to the busy pace previously seen in the spring
6 |- r: ?( B$ Imonths, as the influx of purchasers made it more difficult to find a home due l4 ]. h; ]6 a
to the shortage of available inventory.# f' Q% |1 r2 a3 R1 g
: K* v" Y- m! H8 ^1 p
Activity in Saskatoon remained brisk as the market maintained its
) F- H" K6 d$ Y! ^momentum from the busy spring sales period. The economy in Saskatoon remains
( D) U2 ~* z2 C# kvibrant, as employment opportunities are abundant with many businesses
( S( Z2 K$ ^" \" q I( H4 fstruggling to make hires and having to recruit outside the province.$ ~; ?6 b. V! G) U$ l
! @8 c( P3 e8 e: Y Calgary's housing market recorded blazing average house price increases
% Z# M* T: l! U+ d; d, f+ I Xin the third quarter, in all surveyed categories. The burgeoning economy, low
9 S, n$ Y0 Y' i, {unemployment rates and low inventory levels remained the leading factors that
: X5 U5 z0 W" w! s: f5 B; M( H4 Hpressured Calgary's house prices upwards. However, regardless of the soaring
( {# q5 e2 U$ _prices that characterized the market - even during the typically slower summer
/ a* l( O- S; M2 b5 L; q( A# z0 X+ @season - it is expected that activity will become slightly more balanced, as4 P) Q& E4 Y: E" h# y
buyers are becoming more reluctant to participate in the frenetic activity.
# b! v0 }. y A4 ?. `
" n# f* H3 I1 \2 x; ~2 q' R8 D% u* _ Edmonton's booming local economy continued to thrive in the third quarter$ h; K' M9 V- S- o
as activity in the oil sands north of the city continued to flourish. Edmonton
& Y, x: |, n3 cremained the hub of activity for those coming to work in the oil industry,5 }0 f M( G0 _1 O9 ] R, Q# H
maintaining tight inventory levels across the city, resulting in prices+ T2 J" g! M/ u" i
increasing at record levels. However, as inventory levels continued to improve. @$ D2 E. s5 N& Y$ e' T
in the third quarter the rate of price appreciation should moderate slightly
& ]( k% Z8 G% q2 B9 @- Xtowards the end of 2006.
4 n) Z( I- O6 Z/ X* k- Q! q. i! f( P4 T% c! i0 C. O) @0 o
While Vancouver has seen a slight reprieve from the severe shortage of
* {) Z8 w, Y) w& ]0 q' N' F' uinventory that had previously characterized the market, supply is still unable
% D, U! k# {. D4 ~( H) j' Z: N! V$ wto meet demand, driving house prices upwards. Vancouver has a very diverse
1 R7 A; _: @* A9 T3 a8 \4 O& Wgroup of active buyers - from first-time home buyers to baby-boomers to7 p2 c* x) A( F5 d" ]
foreign investors - all of whom fuel the demand for houses, placing added
0 q+ e) B% d+ c$ p% O' z; o% Rpressure on tight inventory levels.; _ i9 o% s+ ^0 a$ x
6 d1 s% h5 j" `2 I9 ~3 E Victoria's market is vibrant and supported by strong economic5 d6 `+ }2 A4 S2 K4 {3 K
fundamentals, fuelled by a booming tech sector and a migration of young people) y& i8 ]/ ]; u# T% f9 g
into the city that has continued to support the area's house price increases;1 O8 T" q$ Q3 Q4 n. k! Y. b
while increased inventory levels have afforded buyers more time when searching
) w) l) U; z$ ]) q; G% u- e. Yfor a home, helping to normalize the market's pace.7 E3 N* L. q' ]& [
! x+ b* N3 R7 @( o' q/ f! O
<<
* x& V1 k, x% h# L Survey of Canadian Average House Prices in the Third Quarter 2006: y3 e) G. U g
! z, v$ `( H6 f6 X! [ -------------------------------------------------------------------------5 D6 o8 d. z. _3 C# G: q
Detached Bungalows Standard Two Storey
: p ^( D& H+ n$ c, ] -------------------------------------------------------------------------! o1 |* O9 K/ }
2006 Q3 2005 Q3 Bungalow 2006 Q3 2005 Q3
6 r6 V, K& N, H! V- a Market Average Average % Change Average Average
; z2 `; P; T6 J -------------------------------------------------------------------------
3 {9 S# W4 {3 n/ k! l, S) |7 X0 V! R Halifax 186,333 173,333 7.5% 198,667 199,000' w8 L6 S9 e5 C+ K9 g+ A+ a) Y
-------------------------------------------------------------------------% g/ h. T7 X( A ]# p, {* q6 F
Charlottetown 145,000 141,000 2.8% 175,000 170,000
' k6 p; Y: J' Z -------------------------------------------------------------------------
* l7 X4 X2 [; \3 y$ L) i) q0 H Moncton 135,000 127,000 6.3% 129,000 123,0009 }6 g4 h5 Z3 M/ q: H+ T1 c3 N' r
-------------------------------------------------------------------------
4 [ f7 ]& n( h, x2 q Saint John 141,200 142,900 -1.2% - -
! X8 f. p: {: r$ f5 ^$ T. l -------------------------------------------------------------------------
: `; | t8 u2 M; p! A) _ St. John's 143,667 142,667 0.7% 200,667 202,333
( M7 H* R. T+ Y# \8 w/ X0 Y5 r( F -------------------------------------------------------------------------
2 k9 N$ K- @3 p- J1 F/ y Atlantic 150,240 145,380 3.3% 175,833 173,5831 D+ w3 u2 l: y3 d: p" |
-------------------------------------------------------------------------: E' Y# h. h& i
Montreal 213,691 203,500 5.0% 321,141 316,1859 z, ^7 m5 {2 q# \. Q' V1 m
-------------------------------------------------------------------------
- l, c1 Q9 O \0 Y X Ottawa 290,083 278,417 4.2% 285,667 273,2507 \1 J8 M- {: e4 {1 ~9 l0 _
-------------------------------------------------------------------------! f# ?/ D+ Y8 K/ R/ Z
Toronto 373,368 355,882 4.9% 481,523 474,7664 {8 z& {# [ I3 J9 ^2 i
-------------------------------------------------------------------------! g& {- ]" M6 u$ l0 i6 J! a9 x4 u) D
Winnipeg 181,579 159,860 13.6% 202,337 180,707
' X* ]0 p4 L6 K% M9 t- T; @ -------------------------------------------------------------------------- X) @' B! m6 O
Saskatchewan 170,667 156,083 9.3% 182,600 166,500; T' r7 ?6 \2 h, c8 c: o
-------------------------------------------------------------------------
, M4 G& u: r1 }$ H/ {" I+ \ Calgary 395,067 252,411 56.5% 405,778 264,389. s( K$ V3 @8 }
-------------------------------------------------------------------------
2 H& o |/ D& k' I: o# i: R2 H Edmonton 286,857 194,857 47.2% 316,429 206,714; D5 {, G# j* ?3 L; a9 F. v
-------------------------------------------------------------------------
6 \1 u; }8 ?, |$ Y Vancouver 704,250 601,000 17.2% 794,000 697,500
2 H5 [, e4 N3 r( E6 Q) d+ z& ]& G) | -------------------------------------------------------------------------
2 i* L# Q' h, d3 | Victoria 375,000 348,000 7.8% 403,000 391,000
' K; l* ]# n; ~& l5 A5 a+ e -------------------------------------------------------------------------
# t& H" V$ b' \6 {. g National 300,365 258,202 16.3% 365,380 322,860! h. o& x; H+ l; [' A
-------------------------------------------------------------------------; |' ]( ^2 V6 x' @
8 ]8 d: J8 J; k7 U7 H
-------------------------------------------------------------
7 [! @' V8 o/ K) V3 I' Z, a Standard Condominium
j/ ?' q8 J- P: A0 [8 m -------------------------------------------------------------
; B/ C" r! G' M3 t8 T/ a9 I5 K 2-Storey 2006 Q3 2005 Q3 Condo
( i; A1 y6 | t: k1 f5 p/ R8 C Market % Change Average Average % Change
, @7 R5 u% T# y+ L! ]2 e! i3 o -------------------------------------------------------------
/ R5 m; `, o, t9 e! v3 F8 I: ~ Halifax -0.2% 142,000 103,000 37.9%% I' t4 {1 n; m8 e$ @. V! e
-------------------------------------------------------------5 Q+ f1 _, F I3 M) }
Charlottetown 2.9% 98,000 98,000 0.0%- f$ R9 R# z* M
-------------------------------------------------------------
' l$ a% S& v2 d4 ^7 F; h* P Moncton 4.9% - - N/A
: q. t0 l, p) k' k1 V& b. M( }- j -------------------------------------------------------------
1 c3 I+ M, F7 L5 V) S; w6 L Saint John N/A - - N/A+ E. h: n* R2 X- j( V" d0 v! E: z
-------------------------------------------------------------
6 s; J9 ]9 w+ y St. John's -0.8% 146,333 145,667 0.5%
/ \0 C1 A7 w+ _3 a -------------------------------------------------------------
B% w; m) s/ G6 i1 @ Atlantic 1.3% 128,778 115,556 11.4%
! L4 h6 ]0 q; ` W -------------------------------------------------------------# f) V7 r, l$ ]* g2 \$ S
Montreal 1.6% 193,190 188,016 2.8%8 p u' V4 b2 q$ s
-------------------------------------------------------------
3 r1 v" d$ r& q x' {! w Ottawa 4.5% 181,083 172,250 5.1%5 A4 T2 X. ?5 V _( u7 F: U
-------------------------------------------------------------
/ A& ?5 }5 g4 S2 G Toronto 1.4% 252,088 242,918 3.8%
+ ?- a1 H% H: O% r$ w) E5 j) h' t -------------------------------------------------------------0 R' _' K0 S" o. G1 l. x" t
Winnipeg 12.0% 105,648 96,008 10.0%7 T+ H& T$ Q& R" R! J. m8 Q" N$ S% \
-------------------------------------------------------------
- b+ _2 W. S0 ~5 [' T; x Saskatchewan 9.7% 106,250 101,000 5.2%; L! W' y" [ C9 O$ X0 n# v
-------------------------------------------------------------
% |/ A7 T1 E& i5 G, v* r3 G9 Y Calgary 53.5% 245,844 153,867 59.8%
4 q2 g0 d u5 L8 U -------------------------------------------------------------
0 m7 {5 \- M) b( d" L* A Edmonton 53.1% 200,433 131,500 52.4%
" i' P+ ~) N( H2 B3 x" I0 [# A, |2 X -------------------------------------------------------------& F. q0 F2 d* v0 P! l
Vancouver 13.8% 366,250 323,250 13.3% O. B# c {" g P6 q
-------------------------------------------------------------4 ^- F% D) V; B! l
Victoria 3.1% 229,000 220,000 4.1%) ^* z- p0 w5 a* \. K: P0 t
-------------------------------------------------------------
+ K% y5 R) [: d1 ^/ i- I) a National 13.2% 211,562 185,296 14.2%
) _+ P1 F9 w1 l9 e$ K& U! ~# R. a6 C -------------------------------------------------------------
; K2 |. `7 s6 ]* I* I: } >>
. Z1 X2 s' l. q' ]. G6 V+ c/ `. s2 i- ~' E8 \( P
Average house prices are based on an average of all sub-markets examined
- F$ ~- I i. c( D( S l7 vin the area, except for the smaller markets of Charlottetown, Moncton, Saint
' e& l4 B& |' K8 a+ N0 D' Q. M' gJohn and Victoria.
0 K9 J$ [8 w' o# W" V) B' D5 P! U, ?+ Y' F6 ?
The Royal LePage Survey of Canadian House Prices is the largest, most8 O3 y, l9 v8 f+ c* c
comprehensive study of its kind in Canada, with information on seven types of& h. C+ a! N5 M% k$ u6 P; m
housing in over 250 neighbourhoods from coast to coast. This release
t# k. _( `4 ?% Z% yreferences an abbreviated version of the survey, which highlights house price
7 H- r6 Y; m& M5 ytrends for the three most common types of housing in Canada in 80 communities
# o1 U$ ? _9 H$ B( _6 j7 |$ Yacross the country. A complete database of past and present surveys is
/ t, H M9 [+ k: Zavailable on the Royal LePage Web site at www.royallepage.ca, and current4 i+ q8 k ^6 z. Z' K
figures will be updated following the end of the third quarter. A printable
; w$ {( a% N$ K {$ f |version of the third quarter 2006 survey will be available online on9 Q3 c0 V, O- L4 Q& e, c
November 15, 2006.
1 G" q+ n( k. z: s! F8 r6 C Housing values in the Royal LePage Survey are Royal LePage opinions of
+ G% u. q. x2 {9 i" Cfair market value in each location, based on local data and market knowledge
4 B L* U" | wprovided by Royal LePage residential real estate experts. Historical data is
) h$ h: s2 r( R' {9 davailable for some areas back to the early 1970s. |
|