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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
! B1 i$ X, B' C2 {
% n% D5 F4 R3 Q( e9 M$ L- Country's market poised to show growth throughout 2006 -
& b( l; t, k- U5 O0 P, r- p
7 v% Q! w- L% y- I/ G/ o7 `* L    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market
, b1 ]7 _4 B* T3 E/ r2 A6 iexhibited moderate price increases and stable unit sales during the third
" t- c& c9 F. W7 A  S5 b2 Z8 y3 lquarter. Wide regional variances continued to be the dominant characteristic4 {+ M2 a. j4 b0 \; r: a3 y  j
in the market, exemplified by frenzied levels of activity and double digit, B7 ^  f7 Q  |9 U; c. g
price gains observed in the energy and commodity rich Western provinces, and- m) R' h# f; N) w7 W+ m7 v( E
more reasonable sales volumes and moderate price appreciation in Ontario,
& y: m  j3 A; C2 H0 c7 hQuebec and Atlantic Canada, according to a report released today by Royal. k2 @, w5 H0 a% f9 S  Q$ |
LePage Real Estate Services.1 p- P& E& Z$ \/ {
: {% s$ d( s( F7 O) I
    Nationally, market trends established through the first three quarters
9 E4 X+ L! w) [, Dare forecast to continue for the remainder of the year. Robust economic
' }$ Y  Q( _' T, rconditions, low unemployment rates, modestly growing salaries and wages, and: o8 q7 u$ M. g* E/ `; P
sound consumer confidence contributed to the overall strength of the
* g/ k+ k, n5 jresidential real estate sector.0 c; O0 x; H7 ?+ d% i% \1 h5 [! I

2 W9 A# L5 b$ Y- L$ D    Of the housing types surveyed, the highest average price appreciation# ^  m5 s' o5 C0 [! q
occurred in detached bungalows, which rose to $300,365 (+16.3%)1 n0 c" n( S+ D' h: J( p- T' f
year-over-year, followed by standard condominiums, which rose to $211,562
1 w$ K: z3 C. y+ s* g+ N3 ^' l(+14.2%), and standard two-storey properties, which increased to $365,380
+ [6 d4 W1 V* Y) c(+13.2%).1 T  }/ z, K; R2 H2 e- P. `  t5 b
6 \6 m  t  B+ F. D+ T
    "Canada's sturdy housing market continued to demonstrate steady growth
. c  c9 n) q1 T& o4 {during the third quarter. For all but the west, we have moved on from the
% H' s" ~, M7 M+ ]) ^" Pfrenzied expansion that characterized the first half of this decade, and are
) s& t/ E5 @( z# c- F& kpoised to show continued growth at a more moderate pace," said Phil Soper,
- u7 W0 }% J  rpresident and chief executive officer, Royal LePage Real Estate Services.
% \8 ~) s) Z' k" S, L"Gone is the sellers' market that we have lived with for some years. We, \* X; I/ {0 i0 v0 Y0 e6 t8 q
welcome the more reliable conditions that are characteristic of a healthy
; Z: I% p8 C( M4 n1 v; abalanced market."
8 W3 a7 o5 s" l8 \8 q  Y2 G) r* V! F, ]/ E! `
' n" L2 u$ J! W  E2 y. i' f    Despite the double-digit rise in average national house prices,
8 q$ ~! Z7 [7 n  U4 H  z9 ^, n7 Dconsiderable regional variances were exhibited again this quarter. The shift
# f: l7 ~3 A, F: y( v& Ito balanced market conditions, which began in late 2005, has continued
8 q& r9 t; q4 N" J; K5 Fthroughout most of the Central and Eastern regions of the country. In the core( v  J5 \. \& p; _" X
energy producing western provinces, the combination of very high in-migration,
2 J7 X" L0 n, Qmanageable affordability, and a shortage of inventory has driven record
+ M# Q! _) K2 zbreaking price appreciations.. h$ \0 S8 ]3 w& x% B$ R3 }

; u4 [4 K1 x3 y1 M+ D) Z    Echoing the second quarter and supported by Alberta's rapidly expanding' S1 ]: x* u& `$ _
economy, Calgary and Edmonton led the charge of Canadian cities with the
9 K5 B5 I& ]. @4 Y5 m* s# c, Dlargest house price appreciation in all housing types surveyed.$ [! B/ w" `) S* k5 z8 x+ t
8 o- }5 K) L6 n  R1 @  r6 A' Q
    In Ottawa and Toronto, growth remained steady, supported by solid: u8 O3 E/ K+ l% J" D  h
economic fundamentals, an increase in available inventory and strong consumer$ j7 B! A! {) z: ]. d9 m1 I7 s
confidence. While the pace of price appreciation in Ontario leveled off2 F: _4 |" @, J
slightly, the province's real estate market remains poised for modest growth.
. U  e- T4 t! B% u7 T2 i5 }In Atlantic Canada, new housing and condominium construction offered buyers
: b. e, w# O' F8 R$ b+ ^/ O! E3 Agreater selection at more competitive prices, resulting in a slower rate of
6 }8 Y! A& o' nprice appreciation when compared with 2005.
, M1 X5 w2 h4 e. p% @
9 m$ ~4 N9 l3 k& E5 @    While the pace of growth in Canada has slowed, the domestic housing
$ q' ^: S' t' r9 W3 I0 Qmarket is expected to outperform the American market. The economic and
! F( O; ^! J( G8 O2 |5 @( o2 Cfinancial fundamentals driving the residential real estate sector in Canada
' _+ V6 Z* }, X  Aare markedly different than those found in the United States.* c& m' @% P4 U. X  z2 D( P

9 l+ ?* u* i5 X& M* R2 w    Added Soper: "Canada's housing market is likely to outperform the: k0 m( W. D: @5 ^
American market through 2007. A number of factors are working in Canada's
& V1 B- a' `+ E5 ~favour, including healthy personal and governmental debt levels, the
; M8 D. @: F# w9 ]5 Y9 n5 Yrelatively modest rise in interest rates in our country, and general3 Z# C0 ~( z( [+ p( L6 q
affordability in our major cities. In addition, Americans are now seeing the. s- I+ Q0 J4 _1 f
downside of a tax system that encourages maximum homeowner leverage, and% _3 M& u5 c& U! o4 A, g  B1 \, ]
aggressive financial products such as zero- and negative-amortization
! Z! ^( o  @/ b* kmortgages that work only in a high price growth environment."  y. }- e" k" H7 K' `4 ^: C
% O8 h* I* @# C' i. j/ N
    <<6 N; G7 e. P8 J. r; E5 x; ^2 @  D$ J+ m
                             REGIONAL SUMMARIES
! i+ K$ H. R1 u8 n    >>
( g/ T% S7 \/ i% X: r: q$ v  L; b2 _
    Balanced conditions continued to characterize the housing market in, z  _+ f  h8 L, n; Y
Halifax, as significantly higher inventory levels helped to moderate the rate
7 W  Y+ _/ [5 |' ^0 C+ t, B$ I; {of price appreciation. Buyers were increasingly choosy, taking more time1 z, N$ C3 e4 ~$ R1 G. d
looking for newer, low-maintenance properties that were not in need of9 T' @0 l% V+ R$ {! a: i% b' W
renovations.1 a( {& s2 b# f1 N

! f7 f- M) Z& `+ N1 w    The housing market in Moncton remained healthy and strong as a slight
: a% y2 {6 u. j4 p, X% P/ f- c7 k" S. P) ?increase in inventory helped to moderate the rate of price appreciation
# ^. E' q! h, n; Ncompared to the same period in 2005. Activity was brisk throughout August and
% Y; {# [; A! tSeptember and is expected to remain this way through the fourth quarter.' H( X; g% @; Q* N  W7 b4 D0 F; Y7 X

% W; }/ Y4 x7 c/ f    The housing market in Saint John underwent its traditional summer
& `. V+ H* T1 zslowdown in the third quarter, with activity picking up towards the end of the1 C3 n) J/ l) W# W  \' w/ d
quarter. The local economy continued to thrive, as construction on a new
5 B, Y1 i/ X* X& ]8 v0 a6 z: b600,000 square-foot shopping area has begun, bringing several new box stores
$ l; H, z" I8 k' Rto the area. Buyers have begun seeking less expensive fixtures for their homes- T* V2 K* K2 w3 H- C) ]5 ^
and are instead opting for more affordable housing options.
6 G, D  N- R3 ?
1 o% z1 w3 e4 J5 c3 B    In Charlottetown, the housing market started to move towards balanced) ?. {; G, G" N( D, y! z
conditions, as some sellers had to begin to lower the asking prices on their8 M6 V% `! S# e9 n. g8 {- D7 c
homes to make them more competitive. Activity from out-of-town and US buyers, J5 o, l2 T. y2 U+ W, o
was down slightly compared to 2005, likely attributable to the strong Canadian
* V; h: P  X) z( S( Cdollar. Inventory levels began to creep up in the third quarter, providing
* R2 |. [5 p9 o- Mbuyers with more options when looking for a home.
) T/ S' E% Y% N- {# \4 |4 q, {7 G; t+ E
    Activity in St. John's slowed slightly in the third quarter, particularly) a+ N$ \- l# s! @. K
among higher-priced properties, where there was a slight over-supply of homes6 q- o' v1 X. G3 X3 R  q: }
priced over $200,000. Listing periods have increased when compared with 2005,' t. w( V- l) n# H3 Z
as some of the pent-up demand that had characterized the market over the last
- P2 n# Y/ \% ifew years has been satisfied, resulting in more normal, balanced conditions.
' x' @- ~2 v8 Z* n' V# _2 r& {3 B5 k$ E9 a! E
    Montreal's housing market recorded modest increases in average house
8 C- t+ ^0 Q: z/ H/ ^  N" [3 F/ v% gprices, due to a slight seasonal slowdown in the third quarter as inventory
0 j( a0 _! [$ L& i! _9 _' }8 Plevels rose. Part of this can be attributed to the fact that many renting7 i  k% j4 ?, W1 V, k# r
first-time buyers were motivated to close on the purchase of a home by July 1,
" f& p$ H, i% Mwhen rental leases expire in Quebec. Once this date has passed some of the
4 j& C' w3 z, T% H/ G& m' f: Wpressure is taken off the market, allowing buyers to visit more homes before
2 h* v( u& \$ ?' T4 S/ emaking a purchase.
* S0 x+ ?" b- c7 W5 n9 V
- u3 C# i1 u5 U    Ottawa held its position as one of the country's most stable housing! c- `) c) }+ P  M' D( B% ?
markets in the third quarter, reinforced by a vibrant local economy and strong) M; y8 C) M- B" h; o8 }
confidence, resulting in modest increases in average house prices. The city$ t1 ]& }! k% b" W- V
centre remained a bright spot in Ottawa, with homes in this area attracting+ Z' t1 T9 u6 j( F% M
attention due to their convenient location and proximity to downtown
! k9 s: Z; Y* q  E4 O# pamenities.
/ V, t# X& \1 k; B* e, y- b& E% L7 a5 M1 C4 r; K( C* Q0 ~+ ?
    The housing market in Toronto sustained healthy activity levels
7 m' G5 }# ?, R5 N7 A0 Bthroughout the third quarter, as a strong economy helped to maintain demand
& L! D0 y: p1 ^, }5 T$ |9 ?0 pacross the city, causing average house prices to rise moderately. Toronto has
1 m% L$ c) \. r% \1 D  v% }* u# Zcontinued to experience modest growth in average house prices, and has been
7 X2 C& Y6 g6 F1 Wdriven primarily by purchasers who are buying homes as their principle" |- {. K6 n& r
residence, rather than for investment.
6 @: ^9 c. U) }" `% N# G6 j; f$ P7 a
    The vibrant Winnipeg housing market continued to show its strength as  }! ?$ e3 H( ?+ g' U* L
house prices rose during the third quarter. The booming local economy resulted
( l8 F, q2 d# b( _, i; r$ bin a historically low unemployment rate, helping to bolster consumer+ x1 X$ x; p* {  k! p
confidence and Winnipeg's ranking as the city with the lowest capitalization' `+ @" ^3 d: u' L' D; m1 h
rate among the country's larger cities - helped to encourage buyers to enter
+ l# D8 E1 ?+ n7 {% V" Y8 ~the market.( V- `7 c. Q9 W8 f

: e3 A- {+ {9 j  ?) v    In Regina, the market experienced a slight seasonal slowdown through
: _/ M" h# I! FJuly, as there were fewer purchasers in the market due to summer vacations. In) s* y: x& q4 [& ~
August, activity resumed to the busy pace previously seen in the spring$ I1 o' _# g1 C" A2 m2 M
months, as the influx of purchasers made it more difficult to find a home due
0 g' |4 X7 O# ~# Cto the shortage of available inventory.# \4 J! Y% N# x' Y, Y, B

5 y3 p" w4 B1 _8 a    Activity in Saskatoon remained brisk as the market maintained its
2 m; {+ X' T- m; g6 s% V" e' kmomentum from the busy spring sales period. The economy in Saskatoon remains  Z9 M" B, _5 ~2 Y" X
vibrant, as employment opportunities are abundant with many businesses
- F- C! x7 S! u2 jstruggling to make hires and having to recruit outside the province.
& y0 F0 u( E, z3 Z- M6 v6 q4 W" i. D' l( ]
    Calgary's housing market recorded blazing average house price increases
/ P5 e; P- g5 P7 W& ~; B; y; min the third quarter, in all surveyed categories. The burgeoning economy, low
1 A; c8 G7 Y' s, Xunemployment rates and low inventory levels remained the leading factors that! J! n+ d: W* |* y2 R. t. G
pressured Calgary's house prices upwards. However, regardless of the soaring
0 w3 I7 r4 _/ b: U$ n4 k( hprices that characterized the market - even during the typically slower summer+ \3 o8 k, c0 v( K8 _1 l  n
season - it is expected that activity will become slightly more balanced, as4 {6 q. A- F3 i  C* d% w2 u8 b6 e2 Z
buyers are becoming more reluctant to participate in the frenetic activity.

8 a* `; j( m! }# C5 L3 F6 q+ J0 ?! ^( Q/ k) A
    Edmonton's booming local economy continued to thrive in the third quarter- z& z: h7 g0 `" M
as activity in the oil sands north of the city continued to flourish. Edmonton
) \3 Q* t+ r+ s3 B! Iremained the hub of activity for those coming to work in the oil industry,
* `8 f8 W5 z1 ^# c4 ~0 R' e# P% Gmaintaining tight inventory levels across the city, resulting in prices& P* G$ |) h$ d" W$ e
increasing at record levels. However, as inventory levels continued to improve: Q7 H5 F, o% W# I* \4 i
in the third quarter the rate of price appreciation should moderate slightly3 e5 w; o) A, w( u: T% o, @% G; S
towards the end of 2006.
    4 b) ^0 [) P) u6 c, G% x( i1 L
: {3 ~& p( J/ F( J
While Vancouver has seen a slight reprieve from the severe shortage of  r* n$ ~8 {- U. j) L2 v
inventory that had previously characterized the market, supply is still unable
8 M9 Y0 W# k3 o! w; D; i- sto meet demand, driving house prices upwards. Vancouver has a very diverse1 d/ t8 m6 B9 ]1 h# A$ z2 O
group of active buyers - from first-time home buyers to baby-boomers to
$ j/ n: T0 D. Y/ a1 Kforeign investors - all of whom fuel the demand for houses, placing added: T) c% ]* z( s* z7 N" @7 L, D
pressure on tight inventory levels.
" G7 z9 M. V+ n) i6 ^
4 J$ f, C' i1 }2 U% B- e: k    Victoria's market is vibrant and supported by strong economic1 s* J1 }. H5 c8 s
fundamentals, fuelled by a booming tech sector and a migration of young people
/ G- \. k6 D' l! A7 X( H5 Finto the city that has continued to support the area's house price increases;
2 D, b8 R- q9 z5 N7 i" Gwhile increased inventory levels have afforded buyers more time when searching4 D' \8 k3 O# ^2 v% H: d
for a home, helping to normalize the market's pace.
* D( E- V: U9 j! M, t
9 H9 v' ^1 L6 [: [* N) C. P. j    <<( |5 w; l3 @$ \* d1 Q/ {2 G( n2 N' U6 v
      Survey of Canadian Average House Prices in the Third Quarter 2006
' u1 U! y& X+ U' w) d/ g9 W' r0 C, R: r
    -------------------------------------------------------------------------
3 U+ N" H+ T! ^+ G8 e9 d                 Detached Bungalows                Standard Two Storey) ~# p. h4 g; r3 X. \3 o) j. C
    -------------------------------------------------------------------------# ]1 p1 @0 q% K- _9 `
                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q3
* ]; y* u& H- |" n# r. @3 p9 d    Market           Average     Average    % Change     Average     Average/ W- E1 f# C" I. [* f
    -------------------------------------------------------------------------
  V4 M' t/ N8 _, \) `. j  J    Halifax          186,333     173,333        7.5%     198,667     199,000
  r; A, r% s: P+ T    -------------------------------------------------------------------------0 x& N& T5 B6 @' ]( h5 u
    Charlottetown    145,000     141,000        2.8%     175,000     170,000
7 L) P9 i' B' W3 }) |# ~$ X: `    -------------------------------------------------------------------------- M* t  C: m; X) s
    Moncton          135,000     127,000        6.3%     129,000     123,000
0 P/ \( X# H" L5 `    -------------------------------------------------------------------------, z6 w$ K3 {. [4 I8 j: m
    Saint John       141,200     142,900       -1.2%           -           -5 N6 \! r. o. |$ k$ Y7 e9 o; i
    -------------------------------------------------------------------------. \! F4 Y" Y6 I" n( ?" A- G$ C
    St. John's       143,667     142,667        0.7%     200,667     202,333
. n2 W1 C+ X4 o$ B    -------------------------------------------------------------------------
$ _( V. C3 ]3 U6 I5 t0 E    Atlantic         150,240     145,380        3.3%     175,833     173,5833 Q$ e# M3 X- w* }" G$ z' Z
    -------------------------------------------------------------------------4 C/ W7 ^" d% o! Y# b
    Montreal         213,691     203,500        5.0%     321,141     316,185" O/ s3 W2 {* m  p' ^
    -------------------------------------------------------------------------
/ E. K4 T* X9 q8 F  e    Ottawa           290,083     278,417        4.2%     285,667     273,250
* M- K) p7 A8 g9 X. z9 x% \    -------------------------------------------------------------------------
- j( f8 c4 D# O6 a) w    Toronto          373,368     355,882        4.9%     481,523     474,766
  \& @9 l/ v" H# B) @) U0 w6 E    -------------------------------------------------------------------------4 D# _) Y5 w4 P% |' \2 p
    Winnipeg         181,579     159,860       13.6%     202,337     180,707
" R+ I. p% b  k9 {3 P9 n/ z7 }  `    -------------------------------------------------------------------------
! s5 @5 U( m+ X; M    Saskatchewan     170,667     156,083        9.3%     182,600     166,500
1 E* A/ t  |1 \! c+ k    -------------------------------------------------------------------------! i" O" D# B# q
    Calgary          395,067     252,411       56.5%     405,778     264,389$ R4 x' B2 N/ S5 h1 F
    -------------------------------------------------------------------------
" s, [$ [5 j: W7 x1 ^) l" D    Edmonton         286,857     194,857       47.2%     316,429     206,714
. }9 C! a6 r7 ~( y) c" f" M7 o- y    -------------------------------------------------------------------------
/ p* I& S& _% \  Q  T7 g# l    Vancouver        704,250     601,000       17.2%     794,000     697,500* J. J6 Z  k: @& ^$ p  J" Y/ L
    -------------------------------------------------------------------------6 \. p& F' n+ Z# l
    Victoria         375,000     348,000        7.8%     403,000     391,000' b" A) k3 D' k0 _0 D7 R
    -------------------------------------------------------------------------; ]1 Z' [7 G4 a, `- c* n/ C" a$ E% C
    National         300,365     258,202       16.3%     365,380     322,8605 }0 K& V( F" ]" ]! f
    -------------------------------------------------------------------------
& q  Z4 A' p; W* v% _4 f% j% P4 {; W- u' ^
    -------------------------------------------------------------; H2 U2 Q; W* P9 {
                               Standard Condominium) a2 B3 L) {% Z- q) O* o$ S
    -------------------------------------------------------------
5 R: W0 }% I: Q8 I& p7 t7 [3 C                    2-Storey     2006 Q3     2005 Q3       Condo
" \' E, \/ Y9 L. ]3 t    Market          % Change     Average     Average    % Change$ A/ R( N  K( }8 k1 p8 G
    -------------------------------------------------------------
5 d& @  z# M& v    Halifax            -0.2%     142,000     103,000       37.9%% K  O0 K: E, g  G0 g9 x# a  C
    -------------------------------------------------------------
: o2 L$ T5 E0 i1 n5 G+ w" S    Charlottetown       2.9%      98,000      98,000        0.0%) R: i; J9 o2 _
    -------------------------------------------------------------9 c  L+ s8 {+ S+ \) P: B* k
    Moncton             4.9%           -           -         N/A1 }% n  f  J0 m% z( V5 ?
    -------------------------------------------------------------
. P7 L* l  Q( @" m    Saint John           N/A           -           -         N/A
  v& n# Q. M0 m- t- J* m    -------------------------------------------------------------
: k% z2 M8 e; R/ f    St. John's         -0.8%     146,333     145,667        0.5%
1 s6 B- J8 z( ^4 c    -------------------------------------------------------------
+ @, c/ k& z3 @3 g9 G    Atlantic            1.3%     128,778     115,556       11.4%
2 T  f# R2 i' k. A9 f    -------------------------------------------------------------
, {- b6 Y& X! G- _% P    Montreal            1.6%     193,190     188,016        2.8%
8 j1 t1 Q  h( k) {    -------------------------------------------------------------
0 c8 F7 B! j0 O' y$ W$ A/ _3 D+ t    Ottawa              4.5%     181,083     172,250        5.1%" S( N6 A" q: |) p9 Q- \
    -------------------------------------------------------------7 ~( n) |" j. s& o  c2 }
    Toronto             1.4%     252,088     242,918        3.8%
+ y, w" ~' i' Z- y    -------------------------------------------------------------+ I% O0 a6 X4 O% X
    Winnipeg           12.0%     105,648      96,008       10.0%: L  X* ]6 S( T1 p/ W9 l) @) P
    -------------------------------------------------------------
5 A' i% ]1 n' B    Saskatchewan        9.7%     106,250     101,000        5.2%' g* C# s1 r! }* q
    -------------------------------------------------------------
* B! K1 r! a0 d: `* O4 |    Calgary            53.5%     245,844     153,867       59.8%
( @% K  K& d' h    -------------------------------------------------------------
& L) E6 @. i. b4 Q* |5 a    Edmonton           53.1%     200,433     131,500       52.4%$ [2 d( }: K* m9 g4 ]
    -------------------------------------------------------------
) y' A5 Y2 L& y    Vancouver          13.8%     366,250     323,250       13.3%
% a& J4 M" y$ _" e1 k. `    -------------------------------------------------------------' j3 h# L# O' K1 ^! B0 b
    Victoria            3.1%     229,000     220,000        4.1%3 x! k5 C, B4 C, E: U$ z
    -------------------------------------------------------------+ ^: l, L1 g9 V1 \. P- w
    National           13.2%     211,562     185,296       14.2%2 A" {0 B- R; y: m) W
    -------------------------------------------------------------+ g; E- x5 N* i3 {" {$ b
    >>
, d2 Y  n2 B* i* l: \
4 @0 h+ d- l0 ]( u( B& x5 \    Average house prices are based on an average of all sub-markets examined
  n9 @( Y; k$ _1 `  W3 w, M6 g; lin the area, except for the smaller markets of Charlottetown, Moncton, Saint
2 I* g' W6 E4 l6 r  t8 s6 F( r+ EJohn and Victoria.
4 t4 y2 P/ i, h4 H) r/ g2 r! J% b# i' }9 s/ C  b  n9 z
    The Royal LePage Survey of Canadian House Prices is the largest, most
2 ?/ R7 H# e3 L3 ?comprehensive study of its kind in Canada, with information on seven types of& f: f" A7 z0 S- t: q( Y) x
housing in over 250 neighbourhoods from coast to coast. This release# \2 [- m; o' H" K7 E
references an abbreviated version of the survey, which highlights house price
/ C5 d0 h8 O. _  z# r  \trends for the three most common types of housing in Canada in 80 communities+ B9 W! M7 ~- F7 w# x
across the country. A complete database of past and present surveys is
; J; _3 a8 B4 C) J  R) |, t* b# U6 |available on the Royal LePage Web site at www.royallepage.ca, and current
1 U% C# ?* h2 q. Pfigures will be updated following the end of the third quarter. A printable1 a; I& U. D% c, W, W! q" K
version of the third quarter 2006 survey will be available online on7 r/ v* Z0 P* [
November 15, 2006.
5 w: g$ Q8 S5 U! k- y* E7 ?0 ?( E    Housing values in the Royal LePage Survey are Royal LePage opinions of
: e2 x9 O, {; A+ {2 Q; ifair market value in each location, based on local data and market knowledge: F6 V, Y/ k/ V8 L/ f% Y
provided by Royal LePage residential real estate experts. Historical data is  y4 z6 P. z: j! w
available for some areas back to the early 1970s.
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