 鲜花( 0)  鸡蛋( 0)
|
Canada's housing market both vigorous and stable
0 o. A1 N& q8 [, J5 G E! q7 R* I$ H" W; s6 z' A
- Country's market poised to show growth throughout 2006 -
5 F! D! t, U5 i; F. C6 U. E+ {/ q" ` }2 i4 Q
TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market4 \# m6 t' D, }5 t& R9 O+ L7 S' }& n
exhibited moderate price increases and stable unit sales during the third5 H) c0 L1 [; m' o$ a
quarter. Wide regional variances continued to be the dominant characteristic3 d; I( R" G2 S1 k% Y9 B
in the market, exemplified by frenzied levels of activity and double digit: U* [4 D/ X/ X9 C
price gains observed in the energy and commodity rich Western provinces, and
. e% f2 n1 \/ H, P( G0 ]more reasonable sales volumes and moderate price appreciation in Ontario,9 A# l8 n0 [4 E4 L) ^( H
Quebec and Atlantic Canada, according to a report released today by Royal
3 q; h& G3 D" w3 W+ lLePage Real Estate Services.0 v' h) W" p2 d/ \" B, F+ q4 }4 w
7 T- l( t' ~* e6 m Nationally, market trends established through the first three quarters1 X: a F5 Q/ N
are forecast to continue for the remainder of the year. Robust economic& h& ]9 b+ Z C0 }. N' |
conditions, low unemployment rates, modestly growing salaries and wages, and9 \9 X7 e9 _) J" G
sound consumer confidence contributed to the overall strength of the7 D7 e" A+ K( {% x) x5 {
residential real estate sector.5 f; _+ O1 X; z+ r
6 X' U1 l, i7 [ B. s1 Y Of the housing types surveyed, the highest average price appreciation
4 t _% Q6 x7 L* T& A) yoccurred in detached bungalows, which rose to $300,365 (+16.3%)
$ Z+ D0 K% G0 p& E2 b& O4 N7 \year-over-year, followed by standard condominiums, which rose to $211,562
5 Q$ {/ A6 n# |5 s& |; ?(+14.2%), and standard two-storey properties, which increased to $365,380$ w X6 D1 u1 e. u
(+13.2%).
2 Y) A4 P" R1 s- X' t% h/ k5 j: _& @3 \
- b/ F+ Q4 ~9 q5 V1 M "Canada's sturdy housing market continued to demonstrate steady growth
% L8 v7 e) V3 o/ _during the third quarter. For all but the west, we have moved on from the
, u& { D- b" \' T) S( kfrenzied expansion that characterized the first half of this decade, and are
& \5 K3 {! M" n7 Bpoised to show continued growth at a more moderate pace," said Phil Soper," o* B% Q" D/ o9 @* n* b
president and chief executive officer, Royal LePage Real Estate Services.
/ m5 e5 i- C$ D+ m) v' W& b"Gone is the sellers' market that we have lived with for some years. We
: F) S' ~6 N3 j# V$ zwelcome the more reliable conditions that are characteristic of a healthy
; h& M4 k {( I' b8 rbalanced market."
5 O$ S/ X' u4 P9 S2 e3 V& T+ k5 ^; F! i! b; I& @4 I n
Despite the double-digit rise in average national house prices,
$ j. G1 u$ h$ i3 d8 nconsiderable regional variances were exhibited again this quarter. The shift2 J* t: v( b& q9 u
to balanced market conditions, which began in late 2005, has continued
( a% Q2 {5 h4 ~& f# S) Vthroughout most of the Central and Eastern regions of the country. In the core w; L( s1 m9 {% g" p5 l
energy producing western provinces, the combination of very high in-migration,. P2 B# S! j4 |
manageable affordability, and a shortage of inventory has driven record
# X; W% [( x3 X0 [$ c3 c3 \breaking price appreciations.% M* |6 M0 [; W' i9 v- m* U
j2 n5 G. W7 ?. S8 H Echoing the second quarter and supported by Alberta's rapidly expanding, l- k. T6 T) `+ M9 k: E
economy, Calgary and Edmonton led the charge of Canadian cities with the" T3 L: h, J, G: k
largest house price appreciation in all housing types surveyed.. L2 C" i& ?- e% w- ~5 u+ b
# P: ~! M( L8 {7 Z: T( K4 \
In Ottawa and Toronto, growth remained steady, supported by solid
# @: r' Q k! U: a* o% k7 W* U4 Yeconomic fundamentals, an increase in available inventory and strong consumer" h1 t( y9 _/ w, g2 ?
confidence. While the pace of price appreciation in Ontario leveled off
. l# C* P( R6 x$ jslightly, the province's real estate market remains poised for modest growth.4 F2 X, n4 ?( C5 z+ u
In Atlantic Canada, new housing and condominium construction offered buyers
% R$ w* n. y5 D+ r9 L: ]greater selection at more competitive prices, resulting in a slower rate of2 Q+ ~0 E Z4 N. } t1 l2 `
price appreciation when compared with 2005.+ Y5 l$ }+ b. J: V- c
$ k1 n8 V7 _4 }0 y" z8 G$ O While the pace of growth in Canada has slowed, the domestic housing" k/ @' B/ s. w2 Z0 o
market is expected to outperform the American market. The economic and& N* ~: H6 s, X
financial fundamentals driving the residential real estate sector in Canada
# `: W$ Q7 w+ z$ f" pare markedly different than those found in the United States.
8 j' q3 L( p+ O G. l2 M' {$ D; l- R, }5 _; _" ]8 U
Added Soper: "Canada's housing market is likely to outperform the
" C+ y" y8 t0 T+ }7 S4 I. J, `American market through 2007. A number of factors are working in Canada's
- P8 s0 Y' w9 u! ?% b: ^favour, including healthy personal and governmental debt levels, the
2 |: m9 o+ ^0 H/ Y; x7 Rrelatively modest rise in interest rates in our country, and general. T& q, T4 F! P4 w! y+ N+ y
affordability in our major cities. In addition, Americans are now seeing the
" I8 k k. r* \4 wdownside of a tax system that encourages maximum homeowner leverage, and
, J7 {% V8 _/ }0 B/ ^5 }2 N0 b3 gaggressive financial products such as zero- and negative-amortization" z" G& v3 r5 R) z5 M+ e
mortgages that work only in a high price growth environment."
2 D' ]) y5 f# i2 A4 M5 |3 y2 {7 k2 u; }+ q& i
<<
( u8 Y$ Z# ^/ q1 p5 r4 E REGIONAL SUMMARIES
' d1 ?8 {( q: Q# _ >>- N* ?! ?% L* M9 Y9 u1 o9 p9 W
9 g9 U0 S) M+ F, q7 `) i
Balanced conditions continued to characterize the housing market in
$ \/ U* _7 G; @1 V( V; S, [- aHalifax, as significantly higher inventory levels helped to moderate the rate
* Z, e# C4 ~7 gof price appreciation. Buyers were increasingly choosy, taking more time6 o7 u7 y% s' q6 T# v7 R
looking for newer, low-maintenance properties that were not in need of$ b/ `( S& A: s$ S
renovations.
2 ^9 f1 i3 s+ @7 M$ J6 h. [% r4 E# y$ V. \$ F/ p$ t0 r
The housing market in Moncton remained healthy and strong as a slight
( x1 j2 f* {( U- K1 b* b. O4 J2 \increase in inventory helped to moderate the rate of price appreciation8 M1 K0 G# p' u
compared to the same period in 2005. Activity was brisk throughout August and
, D( j7 {+ a9 I sSeptember and is expected to remain this way through the fourth quarter.
6 \* A6 N' ~* j3 k
% |8 Z: ^6 B: G# K" Y The housing market in Saint John underwent its traditional summer
1 s* G* N/ D- c( z" D. \9 W4 o4 Hslowdown in the third quarter, with activity picking up towards the end of the& l! F7 [3 [! C4 \0 L( `
quarter. The local economy continued to thrive, as construction on a new. }; `4 P8 P2 G" n+ p
600,000 square-foot shopping area has begun, bringing several new box stores
( J. Y6 X/ `* l4 ^+ p0 Oto the area. Buyers have begun seeking less expensive fixtures for their homes
- p4 o+ \: D9 q2 ?and are instead opting for more affordable housing options.' ^4 o$ W4 z6 N3 J
5 U" m( O8 x1 Y/ w* @
In Charlottetown, the housing market started to move towards balanced
4 Z) f4 y* P. J4 s6 g6 O+ @conditions, as some sellers had to begin to lower the asking prices on their" N" }" T/ D0 \4 l
homes to make them more competitive. Activity from out-of-town and US buyers
* K8 J+ n7 j9 _+ m% Iwas down slightly compared to 2005, likely attributable to the strong Canadian
, P3 | t) e7 |* v8 Q1 z" F" edollar. Inventory levels began to creep up in the third quarter, providing
( S J3 D2 |) R5 Ybuyers with more options when looking for a home.' l( k& f5 _) V; C" v
$ B" n7 B$ o* ~+ I9 B7 b. ~ Activity in St. John's slowed slightly in the third quarter, particularly& L d' L: ~/ \" }; z+ V
among higher-priced properties, where there was a slight over-supply of homes$ x4 \; x( h6 B* ~" M% i
priced over $200,000. Listing periods have increased when compared with 2005,& F% T: y. y& M) t( \! s% b
as some of the pent-up demand that had characterized the market over the last
$ V, t9 h* v% ]$ V! P* V, b7 ~few years has been satisfied, resulting in more normal, balanced conditions.
/ F8 h* W0 @9 o* A2 L) \9 a( H# s$ C% [% d6 i( Q
Montreal's housing market recorded modest increases in average house7 W# R b; z9 D5 Q9 I
prices, due to a slight seasonal slowdown in the third quarter as inventory
( |. |0 b1 t5 b9 H% Z- Plevels rose. Part of this can be attributed to the fact that many renting: x; r* @1 J {( [
first-time buyers were motivated to close on the purchase of a home by July 1,
' i- c2 G e5 gwhen rental leases expire in Quebec. Once this date has passed some of the) C/ d: _( D& q9 s3 _' _3 O) v
pressure is taken off the market, allowing buyers to visit more homes before
7 ~1 |! S6 F' n* r3 d- T$ Pmaking a purchase.$ Y0 G& I- F# n& S0 ?
$ u `# O' B+ f, I$ u2 J \
Ottawa held its position as one of the country's most stable housing# W& A6 t; z, e$ |$ K* E) N
markets in the third quarter, reinforced by a vibrant local economy and strong
! z3 \; B' f X! cconfidence, resulting in modest increases in average house prices. The city' j! J% ], R1 K- Q+ `
centre remained a bright spot in Ottawa, with homes in this area attracting1 j" p; f0 D- y+ ^5 }0 p% T' i
attention due to their convenient location and proximity to downtown
/ r* E7 ^+ @) aamenities.
! G; p4 `; p: r! Z4 w, E% X7 {8 o2 E1 f" x9 M
The housing market in Toronto sustained healthy activity levels! v; S5 U" S" f( G8 ]
throughout the third quarter, as a strong economy helped to maintain demand1 S' L7 r0 m3 j+ U0 W1 {4 i
across the city, causing average house prices to rise moderately. Toronto has
- Q4 l& x+ }2 ]- H, lcontinued to experience modest growth in average house prices, and has been9 c% T3 j8 _6 W$ }4 F6 ~+ K! n
driven primarily by purchasers who are buying homes as their principle2 W5 l: s8 H+ R& D, r
residence, rather than for investment./ n( i9 B( F- i. l" I/ R, f3 `
" I' T [! F1 F% w' X The vibrant Winnipeg housing market continued to show its strength as
2 k O* ~7 Y6 O8 `house prices rose during the third quarter. The booming local economy resulted& ^& {- n$ t7 U& u2 v1 O. ]( ]
in a historically low unemployment rate, helping to bolster consumer- q: w4 ~+ p; `6 T1 f0 t+ M
confidence and Winnipeg's ranking as the city with the lowest capitalization
7 z) Z# {; S V, [1 [7 |6 Zrate among the country's larger cities - helped to encourage buyers to enter
2 G4 Z% e, r& B+ T: Q) S# t9 r; lthe market.
/ e. N1 Q; b$ h' x* w
! E- y3 Z( A9 C! G In Regina, the market experienced a slight seasonal slowdown through
# |2 R9 ]9 z5 rJuly, as there were fewer purchasers in the market due to summer vacations. In3 S$ J& c3 {& Z: g
August, activity resumed to the busy pace previously seen in the spring9 {, Z- {% x; @* r
months, as the influx of purchasers made it more difficult to find a home due
/ j# N6 A/ [9 Jto the shortage of available inventory.
9 F# [/ v7 I B6 M. q) B" M
' G. B9 R6 Q2 p4 S% ^6 b- V Activity in Saskatoon remained brisk as the market maintained its; `! v2 d; D2 Y
momentum from the busy spring sales period. The economy in Saskatoon remains4 I9 ]1 Z* ~/ _
vibrant, as employment opportunities are abundant with many businesses
8 f& e' M- E/ |0 ` Ustruggling to make hires and having to recruit outside the province.3 f4 i2 I5 {" h- d: I5 F
0 \$ O7 U: } z+ s Calgary's housing market recorded blazing average house price increases7 I, n, | A3 z# a* n& ?! \: V- M
in the third quarter, in all surveyed categories. The burgeoning economy, low1 j# `5 P2 e4 a- d1 \
unemployment rates and low inventory levels remained the leading factors that' D6 p1 e5 r- E6 K; [$ {* t
pressured Calgary's house prices upwards. However, regardless of the soaring
% k% Z0 n2 c1 X$ W# H7 ?& }0 Oprices that characterized the market - even during the typically slower summer
{1 X1 k. R2 @- h5 V0 F A) L Aseason - it is expected that activity will become slightly more balanced, as; p$ i/ f! @ R* @# V
buyers are becoming more reluctant to participate in the frenetic activity.$ B. W) f! d1 @- }+ ~* b$ m& B/ k8 V
% T Z. W) W# z2 r% l2 i) Y
Edmonton's booming local economy continued to thrive in the third quarter
5 {# s) R- @6 [6 K" e% Qas activity in the oil sands north of the city continued to flourish. Edmonton
+ `& D# M$ P. kremained the hub of activity for those coming to work in the oil industry,
- d2 Q+ ?. o& L+ b5 {- i' Cmaintaining tight inventory levels across the city, resulting in prices
. e' N9 t; ~- t- f3 @increasing at record levels. However, as inventory levels continued to improve
# T# F$ k' }! ]in the third quarter the rate of price appreciation should moderate slightly! d* m" Z- G6 P1 a0 s
towards the end of 2006.
$ J& u% a" u9 s, u9 F
1 L, b9 f* G. G+ W" ]! m2 N+ lWhile Vancouver has seen a slight reprieve from the severe shortage of9 }- a5 e1 H) ?, p2 D8 d
inventory that had previously characterized the market, supply is still unable' m; m) L( ^7 k, |0 L9 w
to meet demand, driving house prices upwards. Vancouver has a very diverse
4 T' ~" D, d5 E Wgroup of active buyers - from first-time home buyers to baby-boomers to
0 f7 \6 l: m; J7 W* J. Xforeign investors - all of whom fuel the demand for houses, placing added
" [1 @' {3 Y- v* epressure on tight inventory levels.( t8 ~# k" _3 q. ]
' y% D# U% r- p- e; ]0 s Victoria's market is vibrant and supported by strong economic
0 S- W' C& @ W& c6 Qfundamentals, fuelled by a booming tech sector and a migration of young people
' ~: s# d- Z. ointo the city that has continued to support the area's house price increases;
/ i! y: H4 T- y( W i5 z& |while increased inventory levels have afforded buyers more time when searching
* \ u9 ?/ E+ Lfor a home, helping to normalize the market's pace.
& Z/ b, |& p" m7 u/ e; f1 d$ a, b
<<
0 \+ @ S1 e$ f; R8 d: O9 X Survey of Canadian Average House Prices in the Third Quarter 2006
" [$ a3 }. e8 o/ H) u) k7 N9 k! C
-------------------------------------------------------------------------
2 q8 y/ j7 o5 d8 u, @ Detached Bungalows Standard Two Storey, |1 ?* \6 i9 [% r- }" p
-------------------------------------------------------------------------. O" {) d5 h8 i( @/ f3 j& A' s
2006 Q3 2005 Q3 Bungalow 2006 Q3 2005 Q3
, g A, Z& a; g# F! l# n2 p8 z Market Average Average % Change Average Average
+ Y+ h% e6 l# a, _( [$ j' a -------------------------------------------------------------------------
% N, {, n, S& A0 s Halifax 186,333 173,333 7.5% 198,667 199,000% L5 p7 }, I( k& q: g
-------------------------------------------------------------------------
8 f' P5 p% N# F" H Charlottetown 145,000 141,000 2.8% 175,000 170,000' E* u" C' ~% i2 F+ z
-------------------------------------------------------------------------
$ X; Z$ v* {' {: b Moncton 135,000 127,000 6.3% 129,000 123,000! n8 w( Y9 o# f& ^# |$ p
-------------------------------------------------------------------------
: }% I* y; _+ }- ~ Saint John 141,200 142,900 -1.2% - - \$ Q3 M1 Z* G/ L; X7 X* R
-------------------------------------------------------------------------
7 w/ `2 Y* p9 i7 p St. John's 143,667 142,667 0.7% 200,667 202,333
9 c: n# c! Q& w6 X1 M! m -------------------------------------------------------------------------% [& w) J' z* ?( y# j5 h5 |4 G
Atlantic 150,240 145,380 3.3% 175,833 173,583- Y V& z* X! l4 b- u" W
-------------------------------------------------------------------------( {2 ^" U! i# ~) _
Montreal 213,691 203,500 5.0% 321,141 316,1859 i$ @2 m; y( W/ Y
------------------------------------------------------------------------- ]8 W( f" u+ Q" C4 w0 L2 U; T
Ottawa 290,083 278,417 4.2% 285,667 273,250/ H" Q( N t+ i0 I
-------------------------------------------------------------------------
: G$ u! C! H) m7 v' N Toronto 373,368 355,882 4.9% 481,523 474,766
9 {& _" U( q* J+ Z2 P7 ~ -------------------------------------------------------------------------! P3 H& k! g1 S8 A0 Q9 m2 @
Winnipeg 181,579 159,860 13.6% 202,337 180,707
/ m) h6 ]0 |2 h, ^/ v ------------------------------------------------------------------------- ]% {7 ^1 Q7 p8 {
Saskatchewan 170,667 156,083 9.3% 182,600 166,500
+ |# O6 T ~8 ^. j; P' d9 r -------------------------------------------------------------------------( V+ @# ?; @+ A
Calgary 395,067 252,411 56.5% 405,778 264,389
/ B( h& J1 \) t8 g) k -------------------------------------------------------------------------9 S2 D H c% _' `) S
Edmonton 286,857 194,857 47.2% 316,429 206,7148 p! T {* ^! x7 ~: w
-------------------------------------------------------------------------* x( L( R- Z$ |
Vancouver 704,250 601,000 17.2% 794,000 697,500' u* Y8 _( j0 J5 N- A4 m
-------------------------------------------------------------------------2 \+ K% l& T5 f9 w9 q
Victoria 375,000 348,000 7.8% 403,000 391,0008 q2 P+ X6 f: h; P
-------------------------------------------------------------------------4 j1 {$ L" B6 n, s& e w
National 300,365 258,202 16.3% 365,380 322,860
* @" [& F2 C2 i -------------------------------------------------------------------------
" e- \5 a- T' I: m3 K4 v9 Q; u5 h3 @
-------------------------------------------------------------* s; _5 P P7 p/ Z8 X% \6 h/ d
Standard Condominium
; c" U- E- I h% ^" B/ E -------------------------------------------------------------& z+ i% D* C2 |4 R9 r4 [" | l
2-Storey 2006 Q3 2005 Q3 Condo
4 t$ t% z, S3 n! m+ ~& Z3 l Market % Change Average Average % Change' l. k _5 R& I1 {
-------------------------------------------------------------4 S0 n8 o5 k4 B. \( z: L. N5 `! E3 c
Halifax -0.2% 142,000 103,000 37.9%: a9 W4 q& v" g, T2 V
-------------------------------------------------------------6 l$ F- }1 E, r! T5 j
Charlottetown 2.9% 98,000 98,000 0.0%
( v, }4 L! J& G8 U9 [ -------------------------------------------------------------9 v; ` k1 X& ^) D3 n7 E( F1 }
Moncton 4.9% - - N/A7 c" t& f: [0 g2 e0 J' v* d
-------------------------------------------------------------
. k+ [2 c, E! N9 B Saint John N/A - - N/A
8 v6 @+ D3 P5 F -------------------------------------------------------------! C# w4 F3 k6 n
St. John's -0.8% 146,333 145,667 0.5%
0 N" }4 B( i! L -------------------------------------------------------------9 z9 u! n; U( e4 i8 v4 T; v! J& g C
Atlantic 1.3% 128,778 115,556 11.4%
( g+ m+ q8 c# ~8 r [* |" \/ z4 A -------------------------------------------------------------
; r& }. Q# g3 _7 j) A+ j Montreal 1.6% 193,190 188,016 2.8%6 f4 {- {' r2 n7 H
-------------------------------------------------------------9 R% F# {; r9 Q2 G/ S
Ottawa 4.5% 181,083 172,250 5.1%
8 p% i; ^0 _! J* O0 K& b -------------------------------------------------------------
" d& R: v1 `; b1 F Toronto 1.4% 252,088 242,918 3.8%4 N; o5 w$ A2 j+ {0 }
-------------------------------------------------------------
. M+ t9 Z6 y$ { Winnipeg 12.0% 105,648 96,008 10.0%. i1 O8 f4 v0 S4 i
-------------------------------------------------------------
2 W: y# S) B9 i Saskatchewan 9.7% 106,250 101,000 5.2%
! s1 j$ s2 M/ y4 U -------------------------------------------------------------$ e8 }% H3 F$ L$ h# Q6 Y
Calgary 53.5% 245,844 153,867 59.8%
6 b6 \- N& ^7 [ v& ~ -------------------------------------------------------------
- ?, Z1 a6 x; K4 p l) b Edmonton 53.1% 200,433 131,500 52.4%
( G% d- W; m( d- O6 T -------------------------------------------------------------! D- W8 y: \) I: l2 R+ g
Vancouver 13.8% 366,250 323,250 13.3%& \# C2 L& D) S& o7 ? x
-------------------------------------------------------------5 ~- d0 v- Z, U* p& B# }
Victoria 3.1% 229,000 220,000 4.1%
( m4 y1 u# k' o8 K; [ -------------------------------------------------------------* s. P& y6 W2 u
National 13.2% 211,562 185,296 14.2%
9 f3 Q! A9 V, ?% z6 [ -------------------------------------------------------------' V- @6 Q, ]0 P& t/ n
>>
# H0 @; n* T- V5 T; l! L: P' [, z) ^ M e9 f
Average house prices are based on an average of all sub-markets examined
4 M0 b) I! ]" N, Jin the area, except for the smaller markets of Charlottetown, Moncton, Saint
& X4 _9 w' {# t+ ~John and Victoria.
4 Q# g ^! I6 E1 f
1 f8 e8 f' H* g; ]. F% \1 b4 o The Royal LePage Survey of Canadian House Prices is the largest, most
2 A* h0 m9 l9 y& l6 {% ~, H0 `: P0 \comprehensive study of its kind in Canada, with information on seven types of* u2 b# Z! f$ m
housing in over 250 neighbourhoods from coast to coast. This release( J$ Y$ [/ Y' S& [$ }2 ~1 }6 q; U
references an abbreviated version of the survey, which highlights house price
* J, _8 m! ~$ o" f+ T3 e: |trends for the three most common types of housing in Canada in 80 communities! X4 L, X3 C; b0 _9 {+ L4 `, y( l
across the country. A complete database of past and present surveys is% r9 r$ I: U/ A; q2 `7 l4 p# H
available on the Royal LePage Web site at www.royallepage.ca, and current$ X1 b* [1 G& l; B( @
figures will be updated following the end of the third quarter. A printable* f, g# w' Y2 \1 p
version of the third quarter 2006 survey will be available online on8 ?) ]$ ]. _" H4 {
November 15, 2006.- n5 n/ I1 ~ l; j) Q* e1 q$ Q) C
Housing values in the Royal LePage Survey are Royal LePage opinions of( T1 |0 q, z7 p3 o" t) x. f6 z
fair market value in each location, based on local data and market knowledge
& z+ a9 r: y1 [; e( L3 `provided by Royal LePage residential real estate experts. Historical data is
7 h% J& {( ?4 D/ u+ Savailable for some areas back to the early 1970s. |
|
狗仔卡
发表于 2006-9-29 08:09
提升卡
置顶卡
沉默卡
喧嚣卡
变色卡
显身卡