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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 $ f7 V% B8 D3 O+ S

: k3 Y& P0 H0 _( L- Country's market poised to show growth throughout 2006 -0 |1 N5 h! j1 |; I4 |8 g3 t
: N  r' I4 e! D
    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market
9 e  O$ L5 A, I- s- f1 D; s5 e' Kexhibited moderate price increases and stable unit sales during the third) j. @3 u# A' G0 d
quarter. Wide regional variances continued to be the dominant characteristic
' O9 Z' Q6 f, u- V1 F3 s7 `in the market, exemplified by frenzied levels of activity and double digit* K, ^& ?' e; O! f) g5 g# |
price gains observed in the energy and commodity rich Western provinces, and
2 d0 @9 V$ G: q1 Z" Qmore reasonable sales volumes and moderate price appreciation in Ontario,6 ^' t* P7 @8 C( {! k
Quebec and Atlantic Canada, according to a report released today by Royal9 H0 G* C3 y) }. |3 S
LePage Real Estate Services.% g6 }$ O5 V  k& ?3 X, u, Q

; c+ t& [) B/ L) ?  }( U* C) k    Nationally, market trends established through the first three quarters) ~- P& O( P" W8 i2 q+ }3 }3 j( C
are forecast to continue for the remainder of the year. Robust economic
" N6 Y1 u1 A4 a/ q, p& v3 k2 Nconditions, low unemployment rates, modestly growing salaries and wages, and
8 F) {/ |6 I- e% ]. e& Ksound consumer confidence contributed to the overall strength of the
% a7 z3 ]+ `- s/ h9 V: _( kresidential real estate sector.
, v3 {6 f8 o$ M5 d8 g) p$ k1 f- ^. Y% O1 W) Y
    Of the housing types surveyed, the highest average price appreciation
0 A+ D* S; _2 h) [4 x/ o) G( ]occurred in detached bungalows, which rose to $300,365 (+16.3%)
3 C8 ]' f5 |2 ]% ]year-over-year, followed by standard condominiums, which rose to $211,562( z) c+ {7 q9 A( M
(+14.2%), and standard two-storey properties, which increased to $365,380- d& }8 V9 W0 V6 \7 g/ X
(+13.2%).8 H( j/ ^% }, d

. l; y1 y3 @" t1 ~; v9 I( z6 a    "Canada's sturdy housing market continued to demonstrate steady growth0 ~: b  u2 N8 }6 j4 z/ P6 d
during the third quarter. For all but the west, we have moved on from the5 o- h5 T+ |1 Z' K+ B
frenzied expansion that characterized the first half of this decade, and are7 `+ _6 L: B7 f' v
poised to show continued growth at a more moderate pace," said Phil Soper,
, Y) n6 Q3 `+ {2 c) a& Mpresident and chief executive officer, Royal LePage Real Estate Services.( {2 I- ^! m, R3 z
"Gone is the sellers' market that we have lived with for some years. We
2 J" b) i/ J9 m8 Y& d' zwelcome the more reliable conditions that are characteristic of a healthy
* R$ T; d- Q" k( |balanced market."
  z: n9 ]8 a! h3 h$ b5 v$ K9 N9 r% a, ?5 Y2 R6 r
    Despite the double-digit rise in average national house prices,
5 l9 @/ X0 Q4 {1 @( H) Pconsiderable regional variances were exhibited again this quarter. The shift
' A& e, s; [8 e$ Mto balanced market conditions, which began in late 2005, has continued
, K& H! J$ P# l( \" {throughout most of the Central and Eastern regions of the country. In the core
% D, x% A7 `: N0 @energy producing western provinces, the combination of very high in-migration,7 R1 C5 a* p) [6 D6 M% m# ~0 ]' R
manageable affordability, and a shortage of inventory has driven record
5 x3 b& q: x) c* h: Hbreaking price appreciations.' z& r2 T" S3 b/ a6 U5 |

' \) W6 ], I0 E/ [  Y) c- A6 o( v! t9 Y' Y    Echoing the second quarter and supported by Alberta's rapidly expanding. _2 b! G% D: Y1 R: _3 X+ l
economy, Calgary and Edmonton led the charge of Canadian cities with the
. w! d. I2 N; O$ \9 P7 c2 x) N9 n7 t1 Ylargest house price appreciation in all housing types surveyed.$ j7 ?7 \9 Q& F+ g* f

% w( C' \4 [! B; ]8 f# |    In Ottawa and Toronto, growth remained steady, supported by solid" F/ _1 f" a2 k9 l
economic fundamentals, an increase in available inventory and strong consumer
) y9 Z8 `9 {+ i& T* v% wconfidence. While the pace of price appreciation in Ontario leveled off
9 [6 G8 G0 ^) w$ i) R1 Z) D3 C" cslightly, the province's real estate market remains poised for modest growth.
. J; k$ h; T8 l* w, K: gIn Atlantic Canada, new housing and condominium construction offered buyers
! F0 H4 k1 s1 P' Agreater selection at more competitive prices, resulting in a slower rate of
! r& d3 r) s& e5 p: Sprice appreciation when compared with 2005.
& A6 j7 d! v" y) k
9 x+ ]& A/ K$ U    While the pace of growth in Canada has slowed, the domestic housing& {, |5 u  n# |7 ?0 Z1 q5 i; X
market is expected to outperform the American market. The economic and
, Z2 I5 N8 g+ g9 _financial fundamentals driving the residential real estate sector in Canada
* e3 `) r% s8 Q, b& Z3 aare markedly different than those found in the United States./ F  g: k0 H1 U6 ^

- {# I7 l: g) {2 X) `1 ]' [- u    Added Soper: "Canada's housing market is likely to outperform the
- x4 h8 g1 L6 f6 CAmerican market through 2007. A number of factors are working in Canada's
& ?5 ~+ B* i- E* a' [+ C6 Tfavour, including healthy personal and governmental debt levels, the3 i8 G8 b" O0 L1 |2 X9 R6 t
relatively modest rise in interest rates in our country, and general+ [: _; D& d' k; \+ V
affordability in our major cities. In addition, Americans are now seeing the
+ w! f, Y) D) m. b) r1 }' W# ?downside of a tax system that encourages maximum homeowner leverage, and" A1 a6 {" s! L6 }7 p- f) m
aggressive financial products such as zero- and negative-amortization
: s0 |' b! k' H! C% F9 N' Fmortgages that work only in a high price growth environment."5 s/ Z/ X  O( z# X) q- y% i) ~" r
+ g6 y8 t; b% ]+ Y8 b; G. n& @- |
    <<
% E1 r6 q% N  R1 {) r9 [                             REGIONAL SUMMARIES
+ c3 y7 J8 F' ]* B3 y  [) `% X) \    >>
! Y0 C% Y; O0 \  G+ K- y* {
/ [* F6 F; `$ A: a4 N1 w9 N- d5 k& k    Balanced conditions continued to characterize the housing market in
+ S0 \. [! P  L  ]# D! Z- xHalifax, as significantly higher inventory levels helped to moderate the rate" k: }' c" s* U; U" a# p7 p7 b
of price appreciation. Buyers were increasingly choosy, taking more time3 s% C  {; L- v& d! V. ?
looking for newer, low-maintenance properties that were not in need of
; z& N0 C- X4 m3 A/ @renovations./ Z$ o8 {; f8 A
5 t( M9 c5 ^- I1 Z$ l
    The housing market in Moncton remained healthy and strong as a slight
+ n7 `; o5 i1 ]$ Yincrease in inventory helped to moderate the rate of price appreciation
0 s5 J2 D% O8 a! \compared to the same period in 2005. Activity was brisk throughout August and0 a  p) e8 M+ j! C! e9 B
September and is expected to remain this way through the fourth quarter.
/ D5 y6 c; C1 P1 Y* ^% [! r% Q# Q# X+ K
    The housing market in Saint John underwent its traditional summer
) c( J4 D' {2 C% J. \slowdown in the third quarter, with activity picking up towards the end of the- X  Q  o$ `1 Y1 X1 v3 O; P
quarter. The local economy continued to thrive, as construction on a new& P7 i" R% X% L1 U7 N* ?/ Z( D
600,000 square-foot shopping area has begun, bringing several new box stores
8 @" s$ U2 O' ]2 g7 bto the area. Buyers have begun seeking less expensive fixtures for their homes/ L, a4 ^4 g" |
and are instead opting for more affordable housing options.
/ U2 f1 I$ z+ j& P5 `
( o6 s3 p& [- M0 _+ R/ f; e# M    In Charlottetown, the housing market started to move towards balanced" P& W# {3 V* Z; Q/ w
conditions, as some sellers had to begin to lower the asking prices on their
  x8 g; X2 S9 Jhomes to make them more competitive. Activity from out-of-town and US buyers
% \- M' f- N4 {$ g2 y+ bwas down slightly compared to 2005, likely attributable to the strong Canadian" m& [3 E- ?2 W
dollar. Inventory levels began to creep up in the third quarter, providing
. p7 S9 ]" K( d* q% g: dbuyers with more options when looking for a home.
# V8 y! k' x5 |& Y% H, h/ p' f% f9 r4 A  {2 i+ G! u
    Activity in St. John's slowed slightly in the third quarter, particularly
& ]: R4 V' b. C! y  L9 m+ wamong higher-priced properties, where there was a slight over-supply of homes# v, I$ q" B) d; a2 z
priced over $200,000. Listing periods have increased when compared with 2005,6 V" }8 @5 ?# H( _
as some of the pent-up demand that had characterized the market over the last, D9 C2 e+ q5 i% @  X. a' ^' y
few years has been satisfied, resulting in more normal, balanced conditions.
" {8 c: A: B. r! c0 z/ w, u; Z. j3 r
$ X+ ~; m/ r. I  k    Montreal's housing market recorded modest increases in average house$ p; h+ V: b$ f1 K
prices, due to a slight seasonal slowdown in the third quarter as inventory
, Q8 p: F0 M3 i$ }1 C) U% T( e5 a) hlevels rose. Part of this can be attributed to the fact that many renting
2 `, F# z# Y2 H4 H* v' h4 Vfirst-time buyers were motivated to close on the purchase of a home by July 1,/ s5 a+ y& R1 Y- _" ]
when rental leases expire in Quebec. Once this date has passed some of the' I/ t* z$ a* `  y8 r  ~
pressure is taken off the market, allowing buyers to visit more homes before; _+ m- {9 x! M6 ]) r+ K
making a purchase.
5 \+ N' A2 X, g. d" _4 [9 v( u" r6 `2 Q8 Y5 n3 `* {% j
    Ottawa held its position as one of the country's most stable housing4 U; k: k! t" |4 Q% G* e
markets in the third quarter, reinforced by a vibrant local economy and strong0 f/ @1 |7 Z/ s1 x: k. r3 v! U
confidence, resulting in modest increases in average house prices. The city* M1 o2 F# n' T  K/ A7 G
centre remained a bright spot in Ottawa, with homes in this area attracting- Y: d: B2 ^9 ]
attention due to their convenient location and proximity to downtown8 O: g# l: K3 |6 q) k  d7 k6 P
amenities.# h* q8 r1 N' _* N8 f; V

6 ~) O; z8 ^2 z( L, l0 g    The housing market in Toronto sustained healthy activity levels
. X% Y0 Z. J4 z# Nthroughout the third quarter, as a strong economy helped to maintain demand0 I3 z. |3 ~9 A( s
across the city, causing average house prices to rise moderately. Toronto has
. C! y! Q+ g7 [; A) z2 econtinued to experience modest growth in average house prices, and has been' e5 U7 }' W2 ~0 p8 e# \6 v
driven primarily by purchasers who are buying homes as their principle
$ m" r+ c) W$ x! C" n- b1 ^6 hresidence, rather than for investment.
- n/ T" h9 [8 O: u+ ?8 `, W
) n5 r5 }# @0 T0 R, K) N( L    The vibrant Winnipeg housing market continued to show its strength as4 B/ C. ]* J3 J8 F& M
house prices rose during the third quarter. The booming local economy resulted
- p6 m7 I4 H: F9 @+ {9 C- fin a historically low unemployment rate, helping to bolster consumer+ Q( {! D3 E+ q' t5 u
confidence and Winnipeg's ranking as the city with the lowest capitalization
4 K- n+ C" L9 O9 Q: L6 Zrate among the country's larger cities - helped to encourage buyers to enter1 i! A# m3 p7 I0 c7 H
the market.) \, ^6 g0 B9 X" l* W6 H

2 e0 N3 h" p0 ?; E" b* n    In Regina, the market experienced a slight seasonal slowdown through
$ X, @" n: e0 t  \' N8 A$ x+ a  yJuly, as there were fewer purchasers in the market due to summer vacations. In
9 L; m4 @: H$ W/ `August, activity resumed to the busy pace previously seen in the spring2 Z  T8 |6 s- C' A* ^
months, as the influx of purchasers made it more difficult to find a home due
& g/ E. t1 p) C' K0 L: kto the shortage of available inventory.
+ a% a' X. L1 w% _; g  r
7 F) C- q# |! z( S7 n- I$ a5 i    Activity in Saskatoon remained brisk as the market maintained its& d' F, f  n; ?
momentum from the busy spring sales period. The economy in Saskatoon remains
2 \- `6 |+ T8 A1 `vibrant, as employment opportunities are abundant with many businesses2 @( w' _* t# u
struggling to make hires and having to recruit outside the province.4 p: G1 l- ~/ f2 m
" ]) J9 D: r- K2 _& U
    Calgary's housing market recorded blazing average house price increases2 p2 \3 C# X9 r  N3 a4 q" e4 i4 u
in the third quarter, in all surveyed categories. The burgeoning economy, low# h  H& H& z' B) @' L6 H4 b! L& k
unemployment rates and low inventory levels remained the leading factors that
/ x1 s% }/ M& k. X2 dpressured Calgary's house prices upwards. However, regardless of the soaring! F! v2 w/ k/ s2 c
prices that characterized the market - even during the typically slower summer3 Q5 _, N8 ^  G6 T2 W( [
season - it is expected that activity will become slightly more balanced, as& U" L5 F4 j- B3 p* v
buyers are becoming more reluctant to participate in the frenetic activity.
/ \: u. Y& ~% l7 p
) [& s4 Z& V4 r2 o
    Edmonton's booming local economy continued to thrive in the third quarter. K+ W$ S  f6 R! u. N" M: O
as activity in the oil sands north of the city continued to flourish. Edmonton& ~* l# I& K9 P* Z/ ?6 e* [) @
remained the hub of activity for those coming to work in the oil industry,5 K1 Z7 t: |+ z# B& V* x8 O
maintaining tight inventory levels across the city, resulting in prices
' {3 W, @# X- @: K- _% R) Rincreasing at record levels. However, as inventory levels continued to improve* }3 _7 f1 u  S5 S  B
in the third quarter the rate of price appreciation should moderate slightly
! h! x- E. r! h6 Y1 r# f' y* ]towards the end of 2006.
   
6 }3 Y& T( c" C5 j: f4 _
* @7 Q7 ^, n  DWhile Vancouver has seen a slight reprieve from the severe shortage of
6 s# E* h5 ?+ N9 vinventory that had previously characterized the market, supply is still unable# A' w4 @( g1 l. w) w+ j: q
to meet demand, driving house prices upwards. Vancouver has a very diverse
: k# O( S9 d7 P$ ], T2 G0 q, ogroup of active buyers - from first-time home buyers to baby-boomers to
7 o! ^4 m& s$ k/ W) j/ Jforeign investors - all of whom fuel the demand for houses, placing added7 c3 S& p0 ]" y
pressure on tight inventory levels.; ~! R# A5 U( l7 V2 {* B" V
! @1 _/ _6 V  _% f
    Victoria's market is vibrant and supported by strong economic
# U7 m- D  r. z! G4 zfundamentals, fuelled by a booming tech sector and a migration of young people
5 o$ O; M; H7 J7 ]into the city that has continued to support the area's house price increases;
6 H( U  Q8 k1 L0 ?/ |, `% w) twhile increased inventory levels have afforded buyers more time when searching! F: {1 l, G1 k  z: A( o/ {
for a home, helping to normalize the market's pace.
, j  [6 k" \1 b1 G$ I7 ?
* z" x3 d8 C0 f/ O  t9 g) H    <<
+ y6 O- E- s0 d7 C4 U      Survey of Canadian Average House Prices in the Third Quarter 2006
: g# k/ E& f. c+ |2 [& X- x- {
# g9 m! R9 @) N$ p9 V, F$ G    -------------------------------------------------------------------------
; t& V0 H8 k5 m0 ^3 w                 Detached Bungalows                Standard Two Storey  R& N1 B6 @# v; F+ {
    -------------------------------------------------------------------------
9 s! ~, V8 `) j) L2 c                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q3
) P8 \  @* N( v7 n2 f: i4 i0 b    Market           Average     Average    % Change     Average     Average4 ~! A9 k2 `" u& O. T: U
    -------------------------------------------------------------------------, g" \( F5 G% c, B9 F
    Halifax          186,333     173,333        7.5%     198,667     199,000
4 z1 Q2 S2 x! V, m" @    -------------------------------------------------------------------------5 j" y' l/ I" T2 T
    Charlottetown    145,000     141,000        2.8%     175,000     170,0001 r$ X1 h0 o% ^5 E) }8 Q
    -------------------------------------------------------------------------
1 V7 d3 u- x+ P* M    Moncton          135,000     127,000        6.3%     129,000     123,000
9 u; |  S% r5 {+ t! d8 W1 E  b) R    -------------------------------------------------------------------------6 D/ c8 X6 W, C, v" C( M0 z
    Saint John       141,200     142,900       -1.2%           -           -! A, |+ V# f! i( ^8 W
    -------------------------------------------------------------------------
7 ?: M' l( f2 ~) H& @/ y( z* O    St. John's       143,667     142,667        0.7%     200,667     202,333# S' U- B9 m: F( ?
    -------------------------------------------------------------------------
% S0 k2 ?, K# E1 S2 m1 {    Atlantic         150,240     145,380        3.3%     175,833     173,583
6 e8 P( P' o' ^, |    -------------------------------------------------------------------------
1 C" V6 r# F! ]/ r    Montreal         213,691     203,500        5.0%     321,141     316,1855 H+ C% i3 J1 R2 _5 q
    -------------------------------------------------------------------------6 [, ^- |) `. `
    Ottawa           290,083     278,417        4.2%     285,667     273,250# u! q1 i/ X" T8 N" Q
    -------------------------------------------------------------------------, E/ D+ T% {$ @& }, C
    Toronto          373,368     355,882        4.9%     481,523     474,766
; w* |- w2 e0 E$ d, ~5 e1 y  z    -------------------------------------------------------------------------" k5 A: K0 x5 y
    Winnipeg         181,579     159,860       13.6%     202,337     180,707
9 l0 V( b  T4 B" G( p    -------------------------------------------------------------------------8 Q' V3 D' T3 t& Q! p
    Saskatchewan     170,667     156,083        9.3%     182,600     166,500
0 Y. C* y1 {1 ^- W5 x% m- W3 d    -------------------------------------------------------------------------  N, Q$ X; }7 K6 ^/ d  V! |
    Calgary          395,067     252,411       56.5%     405,778     264,389
; S% K; S% v+ W4 @' d    -------------------------------------------------------------------------# t; z5 |: r4 t" r
    Edmonton         286,857     194,857       47.2%     316,429     206,714& Y+ c% C  z6 r
    -------------------------------------------------------------------------
! K: P- M  D# [    Vancouver        704,250     601,000       17.2%     794,000     697,5005 Z) M2 k) [: d
    -------------------------------------------------------------------------
2 t8 r2 u4 |; B    Victoria         375,000     348,000        7.8%     403,000     391,0009 A1 J$ h% [$ ~- B0 a* @5 v
    -------------------------------------------------------------------------
  ^( k- H. D7 W% ~( f0 {    National         300,365     258,202       16.3%     365,380     322,860' m: S3 j4 j, D6 E, v- p
    -------------------------------------------------------------------------& Q. z1 C0 v, T7 r/ @" e
( a/ L, K4 @( W; ^
    -------------------------------------------------------------8 J0 `4 `' p" d" _( S7 d
                               Standard Condominium
; z8 M8 N, J# T  ^    -------------------------------------------------------------4 g" L2 M) I' L9 P# K5 B5 c
                    2-Storey     2006 Q3     2005 Q3       Condo* g. m7 w8 y6 C* a2 x
    Market          % Change     Average     Average    % Change
! s5 h0 z* M5 f; r1 ~# B    -------------------------------------------------------------/ c5 c. [+ d4 ?0 @
    Halifax            -0.2%     142,000     103,000       37.9%+ E' c! @, E' ~* q* d
    -------------------------------------------------------------
5 B* _* n2 c+ E: i# h    Charlottetown       2.9%      98,000      98,000        0.0%: Q5 @: F1 _4 t; h1 W% h
    -------------------------------------------------------------
5 r% k* N- j- x- o' c+ X    Moncton             4.9%           -           -         N/A
* Q* w$ {" |% w$ k    -------------------------------------------------------------7 f+ W- X' @7 t) Y* L; Z' r
    Saint John           N/A           -           -         N/A
# ]  q  t+ J+ j+ w9 r2 ^6 b    -------------------------------------------------------------- S' ^0 }4 i5 ~8 c7 j' R
    St. John's         -0.8%     146,333     145,667        0.5%) g; |, y9 M& K- Z/ i
    -------------------------------------------------------------9 }0 x. q) q: w, `# f" v. {
    Atlantic            1.3%     128,778     115,556       11.4%; c; H8 S& @" `" Z0 i) W. r
    -------------------------------------------------------------' r# X9 f* o1 y
    Montreal            1.6%     193,190     188,016        2.8%
3 f1 U. E/ A5 f/ Y1 U7 v: N3 J    -------------------------------------------------------------5 e& g7 z- W, W; H6 A; v1 ~# ?
    Ottawa              4.5%     181,083     172,250        5.1%5 x8 p4 D1 x$ x( J; y& X' E0 |0 U
    -------------------------------------------------------------, a" z6 e7 W5 o  D
    Toronto             1.4%     252,088     242,918        3.8%7 n$ G! S1 S+ \
    -------------------------------------------------------------/ B1 a  |1 {/ h1 a- I/ r* N) E
    Winnipeg           12.0%     105,648      96,008       10.0%3 k7 k$ c% J% u. Z  ?5 J( V& h
    -------------------------------------------------------------
& K( _4 z" C4 {) k6 y: M    Saskatchewan        9.7%     106,250     101,000        5.2%
: Q, }- T5 x* R" F  D    -------------------------------------------------------------
0 n, V, L. d" X1 x/ h- x4 l& o5 f    Calgary            53.5%     245,844     153,867       59.8%
0 ?4 l) ?) o9 _4 K: T    -------------------------------------------------------------
( G) M; U* u0 S6 ?0 N7 n1 `    Edmonton           53.1%     200,433     131,500       52.4%
0 q; R# i8 t) n. @0 v; V, v; y    -------------------------------------------------------------. U, g. T+ v% j4 \
    Vancouver          13.8%     366,250     323,250       13.3%7 l2 S4 r9 {& j3 {1 l3 n
    -------------------------------------------------------------; z" W( |6 X, D0 K9 w
    Victoria            3.1%     229,000     220,000        4.1%- Q1 V6 }5 p+ O
    -------------------------------------------------------------
) X5 k4 u1 B( ~    National           13.2%     211,562     185,296       14.2%
; J4 ?5 d2 [& Y. X    -------------------------------------------------------------8 C1 i! R$ V0 ~1 E1 i+ c0 V: t
    >>
( N+ u1 G6 r* s3 K+ j+ [2 b9 w7 m  Z& N( u* C
    Average house prices are based on an average of all sub-markets examined+ o) W0 g  n+ Z, O9 y" b
in the area, except for the smaller markets of Charlottetown, Moncton, Saint
+ z: H" s& l, [: vJohn and Victoria.
. I/ M& L2 i( |2 `) }: Y; C4 Q8 i
7 V. |1 j* A) W9 S: X    The Royal LePage Survey of Canadian House Prices is the largest, most
0 C- {: f2 A/ a' \9 a% Mcomprehensive study of its kind in Canada, with information on seven types of
  D, ~" x3 f, n& p3 J$ M) f5 D- L# T/ Ihousing in over 250 neighbourhoods from coast to coast. This release- a3 E3 d% o1 O+ a0 \- f4 d2 Z( R
references an abbreviated version of the survey, which highlights house price
% k4 F( E9 |9 g: P4 btrends for the three most common types of housing in Canada in 80 communities
5 Z4 q& I5 q  h+ zacross the country. A complete database of past and present surveys is! j  {: N% ?3 z) m' ~7 p
available on the Royal LePage Web site at www.royallepage.ca, and current
- [8 n4 R2 J/ K& ~$ Y+ afigures will be updated following the end of the third quarter. A printable
: q( d; \. K7 O- c3 p1 pversion of the third quarter 2006 survey will be available online on
. s# L+ s6 o: hNovember 15, 2006.7 k8 w% D. A. e9 _
    Housing values in the Royal LePage Survey are Royal LePage opinions of
4 Q7 t+ ~/ Z) ffair market value in each location, based on local data and market knowledge
/ P4 a( u6 q8 z8 u( ~- bprovided by Royal LePage residential real estate experts. Historical data is
& ]1 [! U0 M: `( S( c& ?available for some areas back to the early 1970s.
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