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Canada's housing market both vigorous and stable " a9 `* G0 ]& r$ T% U" G
" W- \6 r3 T- V% D! a
- Country's market poised to show growth throughout 2006 -1 I/ h% U; N6 }# z' Z
$ p( R# d. h8 v TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market) n# }) v+ r& I& m
exhibited moderate price increases and stable unit sales during the third
" Y: E$ W, H( Q2 F( rquarter. Wide regional variances continued to be the dominant characteristic, p! M+ p6 o8 t8 U& S, j
in the market, exemplified by frenzied levels of activity and double digit4 h# V' ^" z$ [6 v; ^
price gains observed in the energy and commodity rich Western provinces, and* ^2 u* [! l n: n
more reasonable sales volumes and moderate price appreciation in Ontario,
`' P0 I( O, s; F8 u: XQuebec and Atlantic Canada, according to a report released today by Royal
; b: u$ V Q" q5 ^% fLePage Real Estate Services.
" N6 ]# M4 A! p- C/ u( d- [
, @9 m; j) V8 x# C" K3 V" p Nationally, market trends established through the first three quarters, b$ s! U/ V1 l2 Z3 w! h
are forecast to continue for the remainder of the year. Robust economic
# [5 G; U' s% P2 f" G5 Lconditions, low unemployment rates, modestly growing salaries and wages, and
6 \: R' D5 {# ~7 ]6 Y& q8 e( e/ xsound consumer confidence contributed to the overall strength of the; x' G1 h( e5 d% A% u" k
residential real estate sector.
! w! x. b# }% ]0 ~' ^
, c, z: O$ Q& E2 x/ m Of the housing types surveyed, the highest average price appreciation7 o" z" m* }- C4 _. E
occurred in detached bungalows, which rose to $300,365 (+16.3%)
; p/ n- [6 v% r. K0 `" B+ Myear-over-year, followed by standard condominiums, which rose to $211,5623 }& J5 |) j! z
(+14.2%), and standard two-storey properties, which increased to $365,380
5 J1 [4 y0 g0 L" `% d- `(+13.2%).6 w" C6 b( e! M: t4 s8 \0 z% v9 X
) {* @ j P7 K' x. e* J "Canada's sturdy housing market continued to demonstrate steady growth6 r1 [* k3 X" T) d' B& O# s- j. A o
during the third quarter. For all but the west, we have moved on from the! q8 k! b0 f% i
frenzied expansion that characterized the first half of this decade, and are
+ t1 a G+ y, ?; S+ Xpoised to show continued growth at a more moderate pace," said Phil Soper,: t. m/ e& Y0 ^- @# t t, U
president and chief executive officer, Royal LePage Real Estate Services.1 W+ Q0 H8 f U
"Gone is the sellers' market that we have lived with for some years. We
# X2 Y: q/ @% }# J" Qwelcome the more reliable conditions that are characteristic of a healthy
; g$ t( V& C! j$ f* q- }balanced market."( F, |4 R: ?) U' l( M+ X% l8 L, E& R
# k/ l) L) s( ^ ^2 n2 k
Despite the double-digit rise in average national house prices,
0 G! D5 v v: S# m6 s5 v8 Aconsiderable regional variances were exhibited again this quarter. The shift' A; v, ]' Q/ h$ {* X- W
to balanced market conditions, which began in late 2005, has continued
; F# U& Z6 O4 R) Hthroughout most of the Central and Eastern regions of the country. In the core
( H. w/ B! s) q$ Q) M. C6 S: nenergy producing western provinces, the combination of very high in-migration,' T- N- @" A% @" L# p
manageable affordability, and a shortage of inventory has driven record, Q7 Y+ G6 [* e2 S4 J: d& Q
breaking price appreciations.
/ l' g6 p% f1 X8 m. y: ]2 ]
+ Z+ k) X/ w n# s& Y) |' v5 T Echoing the second quarter and supported by Alberta's rapidly expanding
! @% _- B; u3 e, Feconomy, Calgary and Edmonton led the charge of Canadian cities with the/ I, C0 q+ w }
largest house price appreciation in all housing types surveyed.: p. ` d$ c4 u I
! u' b+ D4 D6 g* d9 D+ P7 F In Ottawa and Toronto, growth remained steady, supported by solid( ?% Z; A8 G9 B! t" q3 K3 U
economic fundamentals, an increase in available inventory and strong consumer) }* p" c6 {' | V% d( L5 x
confidence. While the pace of price appreciation in Ontario leveled off
; m+ q1 u% i& f3 s! |! Bslightly, the province's real estate market remains poised for modest growth.
* C2 m' ?+ M9 ~In Atlantic Canada, new housing and condominium construction offered buyers
- m+ _. M$ P% s" j7 lgreater selection at more competitive prices, resulting in a slower rate of, t" M( g8 W/ @* t: j
price appreciation when compared with 2005./ o1 v' l0 Y' N# Y
* b9 H$ h* R3 y M _+ y4 x, }/ r While the pace of growth in Canada has slowed, the domestic housing! b, ?- s+ b ]. Z0 ? M
market is expected to outperform the American market. The economic and
4 h$ j# a6 ?. W5 _1 Kfinancial fundamentals driving the residential real estate sector in Canada% |+ W. z- x, K9 s' H0 m; z, B! {* g
are markedly different than those found in the United States.5 i3 y8 L) s+ r! ~( Q# c8 h! e
0 m# p7 ^, h2 f3 R0 S8 z( p Added Soper: "Canada's housing market is likely to outperform the
7 y) z. ^% T4 J' R1 tAmerican market through 2007. A number of factors are working in Canada's
" v G6 w5 J2 m V6 k- x2 dfavour, including healthy personal and governmental debt levels, the
; q- X- k; a1 E4 M. brelatively modest rise in interest rates in our country, and general! W; ]2 `+ G G; M: F9 a$ }
affordability in our major cities. In addition, Americans are now seeing the
( w6 f+ [, ?; Edownside of a tax system that encourages maximum homeowner leverage, and
4 C0 n8 Z3 F6 ?) n @# _: @aggressive financial products such as zero- and negative-amortization% ?# V" `9 }$ ^2 ~1 ~ C% M
mortgages that work only in a high price growth environment."
# [/ D+ P; o$ N0 h2 H
% I( T; a3 z' z H2 ^ <<
) m( [2 B/ F; R# f; |" n* p8 l REGIONAL SUMMARIES7 L: |7 u. M& n# P: \7 Z! z; ?
>>
& k! r2 T. ^7 }7 o3 M4 v3 U, h ]6 t0 J) O2 k
Balanced conditions continued to characterize the housing market in
) m9 ]6 F. Z7 o! t) @4 L" F% GHalifax, as significantly higher inventory levels helped to moderate the rate: j K+ j9 q* s/ C" x; m
of price appreciation. Buyers were increasingly choosy, taking more time
6 E, \% @$ ]$ r5 e. qlooking for newer, low-maintenance properties that were not in need of% N8 C0 n% K0 v% ^* ~! b
renovations.& G7 }3 J/ [8 G/ l, e& p: _ X
4 @2 d, ?) F4 @5 r) r' b/ n) k The housing market in Moncton remained healthy and strong as a slight
) Q, O5 B4 T6 o# I5 }9 P& Q& rincrease in inventory helped to moderate the rate of price appreciation/ W3 @2 [3 I% [$ I* L [
compared to the same period in 2005. Activity was brisk throughout August and" n. L6 p* n4 A6 ]
September and is expected to remain this way through the fourth quarter.- p' @9 c5 H) R4 v
8 E, b8 d! }4 M" m' W3 q The housing market in Saint John underwent its traditional summer
; h% v+ U# O3 i3 a0 uslowdown in the third quarter, with activity picking up towards the end of the
) \# T* S; S% C8 P( r+ s4 S% Aquarter. The local economy continued to thrive, as construction on a new
/ j. V2 \7 d3 M# y8 t e6 m, l600,000 square-foot shopping area has begun, bringing several new box stores% M7 G% j u I( ]- l
to the area. Buyers have begun seeking less expensive fixtures for their homes
H1 H: U4 r2 V: ?( e% N# Vand are instead opting for more affordable housing options.1 ?. y6 M0 `: X7 b. q
) {5 Z& c8 Q& q In Charlottetown, the housing market started to move towards balanced
O7 p: ^& S7 t9 h' qconditions, as some sellers had to begin to lower the asking prices on their
@1 a8 o& q G+ vhomes to make them more competitive. Activity from out-of-town and US buyers
1 E, ?3 F, C/ R% ]was down slightly compared to 2005, likely attributable to the strong Canadian& ^2 L+ m0 K6 v) Y- _' H( Q, G
dollar. Inventory levels began to creep up in the third quarter, providing e3 ?2 G. l) y t! o
buyers with more options when looking for a home.( h: A V8 i9 Y- G
5 J, k5 @- @6 Q2 ^ ~6 ~
Activity in St. John's slowed slightly in the third quarter, particularly9 b; K* \7 s6 d' s/ {
among higher-priced properties, where there was a slight over-supply of homes
+ ^( [3 d# {5 f$ R [+ jpriced over $200,000. Listing periods have increased when compared with 2005,
3 F8 S+ M4 X/ D X0 O8 Uas some of the pent-up demand that had characterized the market over the last
5 U7 i0 W: M8 V8 Z% }+ B0 Zfew years has been satisfied, resulting in more normal, balanced conditions. ~, `+ d$ A6 {0 p& J- F
4 j( O S' h3 G, _! r- n/ K Montreal's housing market recorded modest increases in average house& }' K! ]% {$ j* S$ G: Z8 ?: @
prices, due to a slight seasonal slowdown in the third quarter as inventory
' g3 P; }& ^2 Z ]1 n# O4 }% Flevels rose. Part of this can be attributed to the fact that many renting' u5 e k9 H! Q" H
first-time buyers were motivated to close on the purchase of a home by July 1,* N( Y; K2 N2 w; @) G& a; c
when rental leases expire in Quebec. Once this date has passed some of the
6 a0 [5 d. e- u; M# @9 e& P0 n4 t$ Q. fpressure is taken off the market, allowing buyers to visit more homes before: d5 z8 j7 d6 D1 l3 z8 ?
making a purchase." ?! ?0 I- w% ^; p
5 o o7 x% X$ i, K Ottawa held its position as one of the country's most stable housing
: _5 O% Y4 I$ h8 v- V0 Q B: ^( Vmarkets in the third quarter, reinforced by a vibrant local economy and strong
) _: }8 \2 u, C3 Mconfidence, resulting in modest increases in average house prices. The city, h" k7 u3 E' y6 l7 B) D$ }
centre remained a bright spot in Ottawa, with homes in this area attracting
6 d. G4 I% R, T: m: q( Nattention due to their convenient location and proximity to downtown
- q! X- R: v8 H) ?" d Famenities.4 { l _: R! ]
" u. V, ^! Q. k7 q5 s The housing market in Toronto sustained healthy activity levels" z1 F9 a8 q) ]/ x+ f3 j; a
throughout the third quarter, as a strong economy helped to maintain demand- e( O6 j5 v! g& P1 h. M0 i
across the city, causing average house prices to rise moderately. Toronto has7 I% ?! N. z1 P2 e; \1 y3 d
continued to experience modest growth in average house prices, and has been+ i) }6 B$ @0 P" U9 m& g& G2 c
driven primarily by purchasers who are buying homes as their principle- |& p4 w0 U+ u( X6 l
residence, rather than for investment.( T3 G% S/ Z/ l: g2 F H+ G8 V2 x8 E: Q
) p9 q% \: ^' r, B( O; N, d* i0 P
The vibrant Winnipeg housing market continued to show its strength as4 T- }0 Z Q/ j3 B
house prices rose during the third quarter. The booming local economy resulted; f( |- d c) n3 L' u: v
in a historically low unemployment rate, helping to bolster consumer* B; E( L/ L, h" b) h3 K8 S) ?
confidence and Winnipeg's ranking as the city with the lowest capitalization
: q5 ?' _; E/ F8 ~$ r) e; Qrate among the country's larger cities - helped to encourage buyers to enter7 {, o$ X0 Q" `: q4 p- L
the market.
) z) T! f! ?+ x- U; Y' r( |, m
$ |7 p" z B! Z/ t+ Q5 h In Regina, the market experienced a slight seasonal slowdown through5 S" I& s; c6 C$ M# s- L
July, as there were fewer purchasers in the market due to summer vacations. In
7 a& C/ Y7 n3 h0 P' z/ g0 eAugust, activity resumed to the busy pace previously seen in the spring! D4 l5 e0 Q+ O1 N3 E7 d7 B9 m
months, as the influx of purchasers made it more difficult to find a home due
; G7 C3 ~& n7 {) d; \) ^9 @to the shortage of available inventory.8 y8 s) [2 r8 S# m6 d) `
7 x, b: _+ ?0 X Y
Activity in Saskatoon remained brisk as the market maintained its E3 `6 P0 s! [
momentum from the busy spring sales period. The economy in Saskatoon remains9 ^ `6 z) T9 @. B3 E q
vibrant, as employment opportunities are abundant with many businesses- F$ o& l/ u, A: Y
struggling to make hires and having to recruit outside the province.
" E. k3 J5 A# ~
- Q8 M3 m; W) \4 u8 u Calgary's housing market recorded blazing average house price increases
# |" J4 v3 J* z5 O- w3 Q, i4 cin the third quarter, in all surveyed categories. The burgeoning economy, low
2 k8 \% z3 E& }0 B8 V3 F a aunemployment rates and low inventory levels remained the leading factors that
+ l% {4 V& L# d `/ U( P! n! R7 t" Ypressured Calgary's house prices upwards. However, regardless of the soaring
1 E1 p* |0 O. ^5 j- K w' h4 zprices that characterized the market - even during the typically slower summer
b% g9 ^( @( z* ?6 useason - it is expected that activity will become slightly more balanced, as! ^. n: V5 c s H6 `6 |- j
buyers are becoming more reluctant to participate in the frenetic activity.% @% ^. u; z/ ?' {! Y
/ M7 h+ r7 t/ g- H0 C1 ? Edmonton's booming local economy continued to thrive in the third quarter
$ H) }0 `5 F1 K0 p, U6 e8 C$ a; `as activity in the oil sands north of the city continued to flourish. Edmonton
% {5 \$ x& D& p/ Zremained the hub of activity for those coming to work in the oil industry,' P! @) p* ^* z9 o% L9 H* I9 N
maintaining tight inventory levels across the city, resulting in prices1 Y2 d: n8 M8 \4 d0 }
increasing at record levels. However, as inventory levels continued to improve
) \, e B$ j7 m$ R+ Z) oin the third quarter the rate of price appreciation should moderate slightly+ A ]# v' k" Z! i7 g
towards the end of 2006. - m) W+ K% j# e+ _1 s
* I2 j6 _7 @9 N0 }" `. @* o7 NWhile Vancouver has seen a slight reprieve from the severe shortage of3 [' r) X: K: F$ a7 X2 V$ ]
inventory that had previously characterized the market, supply is still unable4 ^: h* K# U' r9 a) Q$ A
to meet demand, driving house prices upwards. Vancouver has a very diverse% @" w; v! Q E& j y& c
group of active buyers - from first-time home buyers to baby-boomers to
2 N2 \) D* x, e5 y( \' Eforeign investors - all of whom fuel the demand for houses, placing added
$ g1 R9 `4 E$ h. Ipressure on tight inventory levels.
& \4 ] o6 O/ c7 y! z A
- Z4 e% c5 r" d5 k# N% b Victoria's market is vibrant and supported by strong economic
/ W( O! R1 ]7 \" Rfundamentals, fuelled by a booming tech sector and a migration of young people* ^! r" j" K# y |1 M
into the city that has continued to support the area's house price increases;* R" }4 p' t" R/ J& G A
while increased inventory levels have afforded buyers more time when searching5 ]* b5 N2 c3 Q
for a home, helping to normalize the market's pace.% n+ T+ T" l0 f9 S& Y- { c
; I$ P. r7 { k1 F$ @1 x <<! k; p( F. A- r
Survey of Canadian Average House Prices in the Third Quarter 2006
" \ Y. l' S1 O. k
. Q3 K! m; N3 n -------------------------------------------------------------------------; X9 |6 S0 w! S- G9 V. Z% ]1 A
Detached Bungalows Standard Two Storey
+ r8 R0 N2 {- t7 ~ o, ^ -------------------------------------------------------------------------7 j: t# S+ t9 w: V5 }; H5 W
2006 Q3 2005 Q3 Bungalow 2006 Q3 2005 Q3
( y8 a( g) f8 r Market Average Average % Change Average Average
4 m0 A8 N5 [3 q; ~0 ^1 h& R -------------------------------------------------------------------------/ f5 u$ g% e' N) r: O2 X
Halifax 186,333 173,333 7.5% 198,667 199,000
: [2 Y8 T" O" i, ?0 M3 G7 p -------------------------------------------------------------------------: Y/ G1 d/ c. _9 V1 c2 ?
Charlottetown 145,000 141,000 2.8% 175,000 170,000& u; V; i. D2 u3 k; D
-------------------------------------------------------------------------
d. K1 y8 [4 Y3 M4 g/ Y- D& B Moncton 135,000 127,000 6.3% 129,000 123,0004 j# c6 K9 a) Q: U- }( r, X
-------------------------------------------------------------------------: q- B( v- x- ?* W% Z1 f& z
Saint John 141,200 142,900 -1.2% - -
% V1 z6 C- t# x' b) H* K -------------------------------------------------------------------------4 d3 |- Z5 S# [! P) t1 A" Y
St. John's 143,667 142,667 0.7% 200,667 202,3332 ^5 j3 e# b v4 }
-------------------------------------------------------------------------) t, n1 G1 P8 T: W0 N( o6 J3 F
Atlantic 150,240 145,380 3.3% 175,833 173,583
! o1 ~+ L6 O9 x% b" c2 E -------------------------------------------------------------------------+ J) P; i: t/ p( t! `, f( o: U# a U
Montreal 213,691 203,500 5.0% 321,141 316,185
' t8 _0 j& F+ G- l5 K. m! R -------------------------------------------------------------------------) G1 m) Y" ], u3 Z' p/ A( W
Ottawa 290,083 278,417 4.2% 285,667 273,250) N4 C3 e O } S4 f1 Z$ a
-------------------------------------------------------------------------
( }7 q1 l/ c& O6 K O Toronto 373,368 355,882 4.9% 481,523 474,766
" I w5 v @" U -------------------------------------------------------------------------/ J2 X# V7 O3 \
Winnipeg 181,579 159,860 13.6% 202,337 180,707
, j$ R2 v( o, k -------------------------------------------------------------------------
4 v5 t5 D* V" B/ T& y! k Saskatchewan 170,667 156,083 9.3% 182,600 166,500
5 [" W; V6 E& P1 Q; X -------------------------------------------------------------------------2 g0 o% L9 y% i& K5 h. |# r* ?
Calgary 395,067 252,411 56.5% 405,778 264,389
8 @) K4 c$ ^3 m9 H6 J9 b -------------------------------------------------------------------------0 }( [& W5 ` G6 P
Edmonton 286,857 194,857 47.2% 316,429 206,714
. I" x; b' N5 S+ G1 I$ L -------------------------------------------------------------------------/ p9 x$ p* y _5 j P5 w' n
Vancouver 704,250 601,000 17.2% 794,000 697,500
@ |% }. ~0 u& ?+ n. }) g -------------------------------------------------------------------------
7 J4 T. j4 [' d( l% ] Victoria 375,000 348,000 7.8% 403,000 391,000
2 Y7 v& b3 \& _ -------------------------------------------------------------------------2 f5 E9 `% s! M. y& s g9 t% ?" w
National 300,365 258,202 16.3% 365,380 322,860: X+ v, K' Y: G6 Q
-------------------------------------------------------------------------0 |0 Z4 g7 r: Z) d+ H
% e/ ]% A" F) J' t
-------------------------------------------------------------
! p7 v1 t( n5 c( o( r- ]* x. { Standard Condominium/ f- _4 w+ d6 W' j* \$ U% w. A
-------------------------------------------------------------9 d- B5 V8 r9 r* k8 z
2-Storey 2006 Q3 2005 Q3 Condo" \$ h* U) n3 y$ U+ @5 n2 O
Market % Change Average Average % Change) f7 E! U4 i' M/ h( i* L) ]
-------------------------------------------------------------' _& d% t/ ^( p# M. g* q
Halifax -0.2% 142,000 103,000 37.9%- M4 B& R3 G) [9 ` R) Y
------------------------------------------------------------- b' g$ J7 {" P6 g. _0 \
Charlottetown 2.9% 98,000 98,000 0.0%" ^- I4 M' X2 ~9 C# A
-------------------------------------------------------------' |1 j7 G x1 I' k
Moncton 4.9% - - N/A
' N* E7 f( h b0 C -------------------------------------------------------------
( b7 G- ]7 ?* @ Saint John N/A - - N/A
, i, e/ ?' e/ m9 }% ~ -------------------------------------------------------------1 B: s6 }1 @( o. U \0 |! A, v8 f. z
St. John's -0.8% 146,333 145,667 0.5%/ m" G( B2 |3 F S6 b; ]! _" r
-------------------------------------------------------------( y# |8 [4 w' Y8 l8 Q3 u' S+ I0 R
Atlantic 1.3% 128,778 115,556 11.4%
# `# S$ S* P+ t* l5 t: I6 @3 x4 ^$ B) K -------------------------------------------------------------+ S" W" a& c8 X( ~* e0 A9 {7 J
Montreal 1.6% 193,190 188,016 2.8%
; {5 w, h" k7 X0 w5 v- F -------------------------------------------------------------- U/ \6 \4 _% ^8 K2 r7 e) q
Ottawa 4.5% 181,083 172,250 5.1%
: ?0 F+ Q/ u! Q% Q! \, E; w0 d -------------------------------------------------------------
* e! g/ |: `; V: b: } Toronto 1.4% 252,088 242,918 3.8%9 D4 M9 M @; z5 O) d% |
-------------------------------------------------------------1 N4 f5 [6 D V, d
Winnipeg 12.0% 105,648 96,008 10.0%0 q( j! s9 J d9 v L: k0 i5 n
-------------------------------------------------------------
/ T) G- [# U1 ?. i% L Saskatchewan 9.7% 106,250 101,000 5.2%1 R6 j* i+ F# Y: _
-------------------------------------------------------------
; O4 I4 i" u+ H7 F* r Calgary 53.5% 245,844 153,867 59.8%
( T b' d9 h) c/ }& I- v/ r -------------------------------------------------------------5 h) {7 `# K; V% X Q8 z
Edmonton 53.1% 200,433 131,500 52.4%
" r0 C; F/ J$ o% N5 G -------------------------------------------------------------. i9 ]5 F \! G
Vancouver 13.8% 366,250 323,250 13.3%
0 K4 _- @5 r% ` -------------------------------------------------------------
# T3 @( f5 [% y! q, L Victoria 3.1% 229,000 220,000 4.1%, \3 c, x. w9 Z# y% G1 W& S* i
-------------------------------------------------------------
: p' ^ x5 g" n" b- } National 13.2% 211,562 185,296 14.2%
/ `5 s( C6 R7 `1 h- ?' D1 A- B -------------------------------------------------------------
- e( v6 ^6 A* I# Q/ i, p >># H7 T9 ?; T9 y6 r: u
8 t& B* Z% }* w% o+ l7 O
Average house prices are based on an average of all sub-markets examined
7 \# E& n8 m/ `0 U, O, ]! c uin the area, except for the smaller markets of Charlottetown, Moncton, Saint
t9 {) d1 M4 q, HJohn and Victoria.
+ h; j9 r( L; A( w
' V( g6 _. t2 L9 y: q) O# S% V The Royal LePage Survey of Canadian House Prices is the largest, most3 P+ s. Z! T" ?" G
comprehensive study of its kind in Canada, with information on seven types of
) H" i; E' m, e+ b: Uhousing in over 250 neighbourhoods from coast to coast. This release
0 x @# J$ I1 O9 H4 V Dreferences an abbreviated version of the survey, which highlights house price/ l8 s9 \3 O& ^& q& p
trends for the three most common types of housing in Canada in 80 communities
* }' m/ _6 j3 ]5 V# l, eacross the country. A complete database of past and present surveys is" P: j1 |' k) i2 }
available on the Royal LePage Web site at www.royallepage.ca, and current9 b& Q' c+ D: Y& q
figures will be updated following the end of the third quarter. A printable
1 B( x& N9 U1 a( M' o/ t/ Yversion of the third quarter 2006 survey will be available online on+ ~ z: ]- `/ Z6 i6 N
November 15, 2006.
% P _; g- d) E9 q Housing values in the Royal LePage Survey are Royal LePage opinions of5 p1 O) S% N4 V4 k& x$ D$ }. ~ ]
fair market value in each location, based on local data and market knowledge' B2 _4 r( l1 `: U9 Z
provided by Royal LePage residential real estate experts. Historical data is1 o3 ~, ]% { ~! q6 X+ m" T% l
available for some areas back to the early 1970s. |
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