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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
1 D# `1 o' Q7 y' Y  o
  P/ [# B. v" ^& B; I- Country's market poised to show growth throughout 2006 -/ J7 V9 k2 V6 b- D" ]
( `. }; s/ q) V8 F  I: e
    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market
6 w7 g# u  I6 t: o9 _$ oexhibited moderate price increases and stable unit sales during the third
/ o# r0 o; [; x* zquarter. Wide regional variances continued to be the dominant characteristic5 j8 y. _: f7 }+ L! k0 t
in the market, exemplified by frenzied levels of activity and double digit
' k- C9 M* a  {/ Z6 D; qprice gains observed in the energy and commodity rich Western provinces, and
( I9 _! y' b* ~% ]/ V2 m) S9 _4 ^* tmore reasonable sales volumes and moderate price appreciation in Ontario,8 X; s, @" M! Y0 i6 D+ n) D
Quebec and Atlantic Canada, according to a report released today by Royal$ G( O! x% B6 `) f: M: z
LePage Real Estate Services.
7 b2 e. u% F" F1 `) g; n" k, D! g
    Nationally, market trends established through the first three quarters4 B- S7 y, L/ d" S. U
are forecast to continue for the remainder of the year. Robust economic
& F0 \& Z7 o$ b, G% Z) Wconditions, low unemployment rates, modestly growing salaries and wages, and
4 C  \$ G" k. R7 @sound consumer confidence contributed to the overall strength of the
. j7 N$ ]/ N! s- E0 Q. U( C7 Wresidential real estate sector.3 P) Z$ I( E; D2 d% W  |, H

' b* V; Z- C6 _0 r) ]    Of the housing types surveyed, the highest average price appreciation# k4 z* @1 U0 U& y0 W
occurred in detached bungalows, which rose to $300,365 (+16.3%)/ t1 a8 N" h+ W% ~) {
year-over-year, followed by standard condominiums, which rose to $211,562# M) c' Y3 I9 X
(+14.2%), and standard two-storey properties, which increased to $365,380
* Y; n) P8 w2 R, r# d$ d9 d  Z(+13.2%).( i' n+ P: P) U  `
+ o: e+ y& Q; T4 w9 Y/ u5 V
    "Canada's sturdy housing market continued to demonstrate steady growth2 ?; {/ Y  O0 M' L( A. F
during the third quarter. For all but the west, we have moved on from the0 E+ ]3 g6 v9 |
frenzied expansion that characterized the first half of this decade, and are
' A& J5 t$ J: ]; d2 `/ T# C  Xpoised to show continued growth at a more moderate pace," said Phil Soper,& Q" K5 B+ N) D1 d
president and chief executive officer, Royal LePage Real Estate Services.
# G# b4 k) N% f- P"Gone is the sellers' market that we have lived with for some years. We0 q$ z, [9 G! \  h2 s
welcome the more reliable conditions that are characteristic of a healthy& J) J$ M4 z: x, O
balanced market."
9 _" l+ h& n9 z& h$ f& y/ z9 d$ Q7 a# w* H" X7 b' s5 f
    Despite the double-digit rise in average national house prices,: _! o9 X: Y+ g. D
considerable regional variances were exhibited again this quarter. The shift8 u. c1 F3 V) C3 O7 b# b' n. m
to balanced market conditions, which began in late 2005, has continued
4 c- u  q- _6 X! e6 q# Uthroughout most of the Central and Eastern regions of the country. In the core; g: t" x# I+ ^. E0 T; r. H
energy producing western provinces, the combination of very high in-migration,
$ L  B; o  [3 U- o& ~6 Q- O8 Imanageable affordability, and a shortage of inventory has driven record
6 ~3 v  V3 Z  {: h) a+ z& P: pbreaking price appreciations.
8 @# }# m8 W  ]. n9 z- j" B; O7 r# i7 f2 q
    Echoing the second quarter and supported by Alberta's rapidly expanding- N  F$ W5 B; p2 p
economy, Calgary and Edmonton led the charge of Canadian cities with the& s3 x" X6 ~  O
largest house price appreciation in all housing types surveyed.9 R) L2 P* z+ }; e9 y( K

# T. S- N. T) k+ r2 N    In Ottawa and Toronto, growth remained steady, supported by solid' D/ X9 R1 r' s. `& {2 V5 m
economic fundamentals, an increase in available inventory and strong consumer
- D1 L: I; d- z/ kconfidence. While the pace of price appreciation in Ontario leveled off
0 S6 C! E, F1 L8 u7 T  r+ @5 |0 V9 ~slightly, the province's real estate market remains poised for modest growth.! Q$ F6 F  c# b5 o$ {
In Atlantic Canada, new housing and condominium construction offered buyers- u1 g# r- p7 W- e0 `& K) @4 v0 W4 I
greater selection at more competitive prices, resulting in a slower rate of& ?5 ^! Q5 @6 `% \$ X( h7 E7 \5 l( I
price appreciation when compared with 2005.+ D. g# C3 [' X2 b
% P4 c7 R0 {' x4 o. P% p
    While the pace of growth in Canada has slowed, the domestic housing1 @) ^# p, D3 T) ^; s' x% J1 r
market is expected to outperform the American market. The economic and$ j$ V! q3 _+ i* l
financial fundamentals driving the residential real estate sector in Canada8 f" }2 r( w0 x6 U9 U0 G
are markedly different than those found in the United States.
, Y' h; ?. i9 @  @3 G' V* M
9 I2 ^: p0 u1 }' t' N1 @    Added Soper: "Canada's housing market is likely to outperform the
& I" i& ^; w9 U  U0 ?6 lAmerican market through 2007. A number of factors are working in Canada's5 M5 M# H: U& l6 y
favour, including healthy personal and governmental debt levels, the7 V6 t( ?1 |; Y3 q# b
relatively modest rise in interest rates in our country, and general/ l* F' b3 Q  w( W8 G' R) j
affordability in our major cities. In addition, Americans are now seeing the. H7 H- m, Y  p" |
downside of a tax system that encourages maximum homeowner leverage, and
; r: I4 Y8 z$ a# e' Kaggressive financial products such as zero- and negative-amortization
8 I7 H" s1 g  D/ z: smortgages that work only in a high price growth environment."
2 c0 l( ~! H# N* d- |9 d! e
, c3 K7 J+ B6 s; u    <<5 W+ S& P' u: e& Z7 ~
                             REGIONAL SUMMARIES3 [5 m5 v( A' S2 `2 E, y
    >>
) s* E  I0 @2 k6 d. s' Z
5 r3 U' k& I# W6 }& {! a- p# c    Balanced conditions continued to characterize the housing market in6 D5 P# j! l& K
Halifax, as significantly higher inventory levels helped to moderate the rate
8 d; n5 T4 i! F5 Nof price appreciation. Buyers were increasingly choosy, taking more time7 j+ \* o% I% q/ }; e2 U
looking for newer, low-maintenance properties that were not in need of  z. \- g; }; @# C, P
renovations.% F  R8 T# ~9 N$ y) z3 ?

5 j3 q* c' ]  Q0 t8 n* l    The housing market in Moncton remained healthy and strong as a slight8 ^- Z5 U& }- E  H# ~) j+ ]4 a
increase in inventory helped to moderate the rate of price appreciation
5 _( @" B9 m7 L& K9 \1 b/ ncompared to the same period in 2005. Activity was brisk throughout August and
/ |* ?2 I/ Z9 e4 `* g- LSeptember and is expected to remain this way through the fourth quarter.
9 F  ]; j. U" }$ u" |$ {1 U- ?& I' X0 E3 c) ^
    The housing market in Saint John underwent its traditional summer
1 }( O' r. D2 A4 B& Z' Kslowdown in the third quarter, with activity picking up towards the end of the/ \* P% Q: M+ F
quarter. The local economy continued to thrive, as construction on a new" A, E. x( e3 w+ [5 M
600,000 square-foot shopping area has begun, bringing several new box stores* q2 Z/ L6 T7 \0 ]& H
to the area. Buyers have begun seeking less expensive fixtures for their homes
/ P6 w$ }& X: ~. Oand are instead opting for more affordable housing options.
1 c6 f: {) U3 k+ }9 P9 [& M4 j2 ^" G" k# t4 R7 |0 B. ?$ q) a
    In Charlottetown, the housing market started to move towards balanced! X3 q; S5 n  O/ h( L7 Y
conditions, as some sellers had to begin to lower the asking prices on their
* q6 h3 s8 D  lhomes to make them more competitive. Activity from out-of-town and US buyers
1 W5 U" v1 y; J2 vwas down slightly compared to 2005, likely attributable to the strong Canadian0 i$ z5 D) O3 H3 X7 x5 t
dollar. Inventory levels began to creep up in the third quarter, providing6 S- y2 t! \' a
buyers with more options when looking for a home.
' G/ Y8 M3 T5 }: s* [; d! ?! R0 D
, @* V& A0 a$ O* t6 Q" W    Activity in St. John's slowed slightly in the third quarter, particularly" j( h& Z, w; G8 r: S% E
among higher-priced properties, where there was a slight over-supply of homes3 i) R) U; r- L6 I2 m
priced over $200,000. Listing periods have increased when compared with 2005,8 n0 h! ]" s" J2 C
as some of the pent-up demand that had characterized the market over the last
# J5 y! R* R% x) A; y  i8 r( h# hfew years has been satisfied, resulting in more normal, balanced conditions.: C# n! U# {7 m9 K& B1 c5 `2 V5 o- z
, b  g, G7 L9 _5 t
    Montreal's housing market recorded modest increases in average house( e! o$ r2 W8 m& z- X& O6 @
prices, due to a slight seasonal slowdown in the third quarter as inventory# p3 R. L9 E( p+ [2 n3 C6 P8 d) n; T! D
levels rose. Part of this can be attributed to the fact that many renting8 F: x/ \/ v" ^
first-time buyers were motivated to close on the purchase of a home by July 1,
0 T6 x# S7 P8 mwhen rental leases expire in Quebec. Once this date has passed some of the
) u& B) q8 f* O* N! Spressure is taken off the market, allowing buyers to visit more homes before/ {7 y1 M: d7 z
making a purchase.4 e) ^. {" J5 Q' f) Q; i
. u5 Y5 D9 X8 i$ P/ U
    Ottawa held its position as one of the country's most stable housing
6 E+ z) s& _7 \0 P6 K) |6 @3 Dmarkets in the third quarter, reinforced by a vibrant local economy and strong
1 F5 A3 \* H6 s- }+ D" B7 w. Yconfidence, resulting in modest increases in average house prices. The city/ z9 [0 N, f$ {# w
centre remained a bright spot in Ottawa, with homes in this area attracting
, P/ p# \6 \$ V2 }8 Rattention due to their convenient location and proximity to downtown$ o* k3 p. z/ X
amenities./ K5 ~& y# j& S: s1 f+ O5 c

3 A( C! l6 m. k% l8 ]$ v( f( J    The housing market in Toronto sustained healthy activity levels8 G& P2 {& U. j7 F- C5 a! P
throughout the third quarter, as a strong economy helped to maintain demand) V5 T+ u2 G9 ^* i! m& p* m9 X
across the city, causing average house prices to rise moderately. Toronto has
2 k9 E; k; Q4 Ncontinued to experience modest growth in average house prices, and has been
( v' e& r) {& z1 a- u$ G# N: a9 fdriven primarily by purchasers who are buying homes as their principle
4 A( K  B$ P9 W& P3 w( w3 c8 g: Tresidence, rather than for investment.
0 y) K- w3 |! B* c
  o- ~, n( X: F. G    The vibrant Winnipeg housing market continued to show its strength as
2 x6 w6 g) @4 W( @house prices rose during the third quarter. The booming local economy resulted
. G' t6 T4 ~1 ^: xin a historically low unemployment rate, helping to bolster consumer) m8 m9 R+ n3 a8 A. e
confidence and Winnipeg's ranking as the city with the lowest capitalization
7 a' A) o7 r& a9 c8 wrate among the country's larger cities - helped to encourage buyers to enter
2 c* l% e4 Y. s* `the market.
, N: J# C; o6 X) l
6 D4 r4 H* `, D: d! `4 }    In Regina, the market experienced a slight seasonal slowdown through3 q6 L3 d; w) o
July, as there were fewer purchasers in the market due to summer vacations. In
& c+ Y  A& o2 C6 `2 ^5 R. M: v' n% K7 eAugust, activity resumed to the busy pace previously seen in the spring
9 g. K8 R, h- J. Smonths, as the influx of purchasers made it more difficult to find a home due
* t. f4 a6 D. ~$ v6 b6 lto the shortage of available inventory.* W0 S& Q' Y& m# r- }0 ]! q

5 D8 L6 ?; P8 M. u  p' @    Activity in Saskatoon remained brisk as the market maintained its
! l9 A( D1 b$ c( h6 \0 l3 I2 cmomentum from the busy spring sales period. The economy in Saskatoon remains2 S7 p4 m. p4 C8 k8 M) F- }' {
vibrant, as employment opportunities are abundant with many businesses" ]+ W6 e- z' V
struggling to make hires and having to recruit outside the province.. y7 ~' L" \" m( {$ I3 b

4 E) n7 `2 W. o8 t3 F- y# r    Calgary's housing market recorded blazing average house price increases
- `$ Y  Y' h) N: Y* t; Xin the third quarter, in all surveyed categories. The burgeoning economy, low
1 P0 Y) G! V, V5 d/ ~9 @unemployment rates and low inventory levels remained the leading factors that$ z  H' C' x$ a8 _9 C/ j0 u( |5 n
pressured Calgary's house prices upwards. However, regardless of the soaring; c& s" t6 {1 K5 ~8 \+ b
prices that characterized the market - even during the typically slower summer' {# N9 r3 A  z* {. u; e) I: |4 _
season - it is expected that activity will become slightly more balanced, as( M3 q9 z. Y  Q
buyers are becoming more reluctant to participate in the frenetic activity.
  j! z4 S/ x$ \
* K$ a. o% G6 |5 H; W
    Edmonton's booming local economy continued to thrive in the third quarter1 L- T# l" J6 I4 L5 V
as activity in the oil sands north of the city continued to flourish. Edmonton  J8 v1 G' T3 `. g; G
remained the hub of activity for those coming to work in the oil industry,
, k- b  K% K- [. ^- Emaintaining tight inventory levels across the city, resulting in prices
; E: y+ l( k* y# C- yincreasing at record levels. However, as inventory levels continued to improve
9 Y% u8 i  g6 Jin the third quarter the rate of price appreciation should moderate slightly2 f+ H  B9 m4 w1 o% R
towards the end of 2006.
    % f/ C( ^" i' e4 z$ X9 {

8 P" x5 q) w2 C" }* c3 oWhile Vancouver has seen a slight reprieve from the severe shortage of  K, W6 \# h9 H
inventory that had previously characterized the market, supply is still unable/ j& V* p2 N( {
to meet demand, driving house prices upwards. Vancouver has a very diverse; u. \3 `, M: Y; S% ^/ _  V5 V) @
group of active buyers - from first-time home buyers to baby-boomers to% u8 g- g; F4 x1 l5 Y' P1 _
foreign investors - all of whom fuel the demand for houses, placing added
8 A0 Z/ s* T6 Y# T) jpressure on tight inventory levels.$ s% x$ L) y6 C
% o3 X; \% p: T2 P' K' x+ M
    Victoria's market is vibrant and supported by strong economic( {! `; L. u! b. H6 f
fundamentals, fuelled by a booming tech sector and a migration of young people
0 ]' k2 L1 \% d- v0 `" o1 Xinto the city that has continued to support the area's house price increases;
* a/ a9 ?/ l  [% `$ i6 Ywhile increased inventory levels have afforded buyers more time when searching
1 [$ h: ]6 J; E* ]for a home, helping to normalize the market's pace.
2 j+ Z( N5 p2 {% k, _! Z% B3 B7 n4 O. b" n7 w
    <<2 V& a# u0 D4 N) S, Z/ x
      Survey of Canadian Average House Prices in the Third Quarter 20067 k- Z: q2 b& J: I% f) x
& k4 n. z9 y% E( ]( B" M
    -------------------------------------------------------------------------/ m: {6 g. O* K; w# a( N4 A+ h
                 Detached Bungalows                Standard Two Storey! j0 x% u, J5 V+ I0 n" o8 e2 ?
    -------------------------------------------------------------------------) K7 a7 ]  ^3 T0 y* w
                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q3, a4 E( J. \: B8 F" i& U, n
    Market           Average     Average    % Change     Average     Average
. P0 a0 N5 }: [. X& z! Q    -------------------------------------------------------------------------
7 P5 p7 Y6 y" M; n; r    Halifax          186,333     173,333        7.5%     198,667     199,000
0 q( J/ H" O# n, J  Z. l0 a4 I' U    -------------------------------------------------------------------------" o! L8 n# w. K6 B* u# {
    Charlottetown    145,000     141,000        2.8%     175,000     170,000" ~6 _! r- k' c" e
    -------------------------------------------------------------------------# i, F# M1 t9 u2 A
    Moncton          135,000     127,000        6.3%     129,000     123,000( ^( j; x. S  `( D( A# w5 M
    -------------------------------------------------------------------------
  t4 \- k# M  N$ ]& P5 S    Saint John       141,200     142,900       -1.2%           -           -
1 e, ~& M- {- ~: U, R7 g7 G! S    -------------------------------------------------------------------------8 J( ~# B) J0 V; G/ r
    St. John's       143,667     142,667        0.7%     200,667     202,333
, I6 B# ~; ^# l0 v" e# ]7 W    -------------------------------------------------------------------------8 J" {! v; S8 j; {- c! n( ?
    Atlantic         150,240     145,380        3.3%     175,833     173,5838 ^' _8 b' C# T5 x1 I$ a9 S
    -------------------------------------------------------------------------
) c. F7 e4 h9 Y8 N    Montreal         213,691     203,500        5.0%     321,141     316,1855 A4 ~2 z3 s$ @3 E' X7 O: [. a
    -------------------------------------------------------------------------
. }- Y  X8 ]4 c6 _    Ottawa           290,083     278,417        4.2%     285,667     273,250
( f; R" E; X" B0 M    -------------------------------------------------------------------------0 G. b0 k  {7 T% K/ {6 R- Z) \
    Toronto          373,368     355,882        4.9%     481,523     474,766- @& Y! l9 R- R* f
    -------------------------------------------------------------------------
7 F! N$ t' V( {6 R9 c    Winnipeg         181,579     159,860       13.6%     202,337     180,707
0 O; W  `: ]8 I& b/ |- v  y    -------------------------------------------------------------------------& V  o( B( X! B0 [  U0 q
    Saskatchewan     170,667     156,083        9.3%     182,600     166,500) D5 S6 A/ C* ]
    -------------------------------------------------------------------------
& X! G( \- E: L( W; z" ~3 @, y    Calgary          395,067     252,411       56.5%     405,778     264,389. n9 D1 B- p! {( Y) @2 Z( @
    -------------------------------------------------------------------------
3 y5 Z' b- Y% P* w& J    Edmonton         286,857     194,857       47.2%     316,429     206,7142 F6 Y  j# m- X) b  H( i. B
    -------------------------------------------------------------------------, l7 N, [! ~, j% Q  e/ a/ |. f
    Vancouver        704,250     601,000       17.2%     794,000     697,500! y2 I0 n- F+ S* T1 G( r
    -------------------------------------------------------------------------
, r7 [* e; J5 b    Victoria         375,000     348,000        7.8%     403,000     391,000+ L. r2 j% M4 d
    -------------------------------------------------------------------------
, U/ w' [5 j( @7 v& R% p8 E( [    National         300,365     258,202       16.3%     365,380     322,860
$ s3 E; a6 m. s, p8 t2 o9 a    -------------------------------------------------------------------------+ o+ v& J9 z4 P5 W, }" c

/ S+ @( a6 @  B# Q3 U4 X3 T7 x    -------------------------------------------------------------
7 s3 C4 Q0 H; W0 ^! C6 e                               Standard Condominium& k1 `* X5 w4 \; U
    -------------------------------------------------------------9 J: T# z- F0 @  J. I+ H; f
                    2-Storey     2006 Q3     2005 Q3       Condo
- h8 ]; R+ Z2 t: W  `    Market          % Change     Average     Average    % Change" D8 a9 K' j5 \( n/ W/ G  z
    -------------------------------------------------------------4 r0 [+ Q5 B- l3 i5 F& [
    Halifax            -0.2%     142,000     103,000       37.9%( i! g! M) G0 \4 B+ t3 F' S
    -------------------------------------------------------------
, D( ^9 D7 X. [$ F. T    Charlottetown       2.9%      98,000      98,000        0.0%
; ]: X3 s! D7 ?, g# M; T  o: K/ e    -------------------------------------------------------------
1 |* n% u- f( s% w( M- y. `    Moncton             4.9%           -           -         N/A2 k' U/ [: l6 ?8 l
    -------------------------------------------------------------, B' t  y3 E: c" ~- T! W
    Saint John           N/A           -           -         N/A' E3 k( o( Q0 j2 a( |
    -------------------------------------------------------------
3 B# N, \# J1 O    St. John's         -0.8%     146,333     145,667        0.5%
9 I  M. J$ r1 z$ _% \" e    -------------------------------------------------------------6 m* x( c1 `6 T5 x
    Atlantic            1.3%     128,778     115,556       11.4%; f/ G9 t2 u% a! f$ D/ M
    -------------------------------------------------------------: N  V/ c6 c/ a. c2 A& B8 D
    Montreal            1.6%     193,190     188,016        2.8%
" N8 _; t9 L/ ?3 O5 T0 Q) M    -------------------------------------------------------------
2 h* K) R" G) C$ m$ t. I    Ottawa              4.5%     181,083     172,250        5.1%
: E# J  H3 f$ ~; v8 z+ w+ W; |    -------------------------------------------------------------; ]: i- [4 \5 x0 ^4 S
    Toronto             1.4%     252,088     242,918        3.8%& Y' w7 d8 S! q4 n" H' I4 k
    -------------------------------------------------------------2 Z* A, |( G5 e" w
    Winnipeg           12.0%     105,648      96,008       10.0%
  Z& e0 s$ c0 O+ [    -------------------------------------------------------------% q% \! L' A5 H
    Saskatchewan        9.7%     106,250     101,000        5.2%
+ l' W6 l6 v, }1 j$ ], Z3 H" f    -------------------------------------------------------------3 {+ J+ o1 x6 E* w6 p
    Calgary            53.5%     245,844     153,867       59.8%4 U2 W( ?$ W1 ]0 k$ N6 e
    -------------------------------------------------------------
2 s- }* |9 A1 F  q$ k# U    Edmonton           53.1%     200,433     131,500       52.4%
. J! A& f' [" Z4 Q" ]    -------------------------------------------------------------, v* a/ ]6 U, W. P# i* [
    Vancouver          13.8%     366,250     323,250       13.3%
3 |5 j# `7 Y1 p# }  Y    -------------------------------------------------------------1 r5 E1 i! i( n7 Y" H% m6 o' M* ?
    Victoria            3.1%     229,000     220,000        4.1%5 Y5 a' y7 g$ ?# i7 H
    -------------------------------------------------------------
; U7 N( ^0 h2 P* u4 q$ N    National           13.2%     211,562     185,296       14.2%
. }2 m! k1 i5 D) J. p    -------------------------------------------------------------# a+ D% G! V3 l3 h
    >>9 Z: K2 I) V, M$ }4 b$ D/ \
  y9 d! F* n8 Z$ W; y
    Average house prices are based on an average of all sub-markets examined
. N) ~- \- `, p  c8 D  I2 jin the area, except for the smaller markets of Charlottetown, Moncton, Saint
# W% o5 o* o4 hJohn and Victoria.+ ], a" i2 [: w) U: ]
3 F5 r$ s& F, v7 c' ^
    The Royal LePage Survey of Canadian House Prices is the largest, most
& [7 [- A/ P0 ncomprehensive study of its kind in Canada, with information on seven types of
1 Q; N! E: `, E" b, Phousing in over 250 neighbourhoods from coast to coast. This release
2 W1 i# b, U" T3 w4 K- l, @references an abbreviated version of the survey, which highlights house price: u, [/ d& W$ Y1 w) `
trends for the three most common types of housing in Canada in 80 communities
, l- ^" ?( T; R; k- c: gacross the country. A complete database of past and present surveys is
& q4 Q1 O) o6 @" B8 bavailable on the Royal LePage Web site at www.royallepage.ca, and current
+ q# ?+ P8 I' M% \3 ]+ b+ dfigures will be updated following the end of the third quarter. A printable
: g( @( W" T9 i: Z9 m( O& L) Q0 sversion of the third quarter 2006 survey will be available online on9 j0 H7 c  l, x0 ?: {/ k
November 15, 2006.
7 V4 j( B+ J0 K7 N    Housing values in the Royal LePage Survey are Royal LePage opinions of
; G: `. e! B& R0 bfair market value in each location, based on local data and market knowledge$ y$ _4 ^0 L3 \( }
provided by Royal LePage residential real estate experts. Historical data is; r0 _  o! N6 t+ Y8 {) D
available for some areas back to the early 1970s.
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