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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 : D& }& X" ]0 x0 ~. p/ q) S' a
$ ]4 w4 U! O( B4 j; z$ K# q/ R- ~
- Country's market poised to show growth throughout 2006 -2 M: w- l. j# r8 a7 _% q

# c) ^: V/ M2 C& [) V" I    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market
/ u/ _* ]) ^# A2 j. xexhibited moderate price increases and stable unit sales during the third0 I  x5 l8 N+ y, f: m+ X! G: ~
quarter. Wide regional variances continued to be the dominant characteristic
( l( F. y/ W; J) C5 qin the market, exemplified by frenzied levels of activity and double digit( ~. o4 D- k9 G0 z4 ~$ t2 s; l
price gains observed in the energy and commodity rich Western provinces, and
4 g* m+ X* \5 Hmore reasonable sales volumes and moderate price appreciation in Ontario,
! n9 v4 V$ |# H8 H' H2 _- \Quebec and Atlantic Canada, according to a report released today by Royal
; M1 R5 H& x1 D8 M% |+ QLePage Real Estate Services.
+ i$ r; z; E. V+ Q1 M% A
  G5 r8 R1 ~- e, l6 ?2 A  V    Nationally, market trends established through the first three quarters
; V) ?# _4 @$ H8 o9 b  R& C( Uare forecast to continue for the remainder of the year. Robust economic
& M8 i, z! k- gconditions, low unemployment rates, modestly growing salaries and wages, and  }! |  g/ s3 Q6 a! F
sound consumer confidence contributed to the overall strength of the
1 b3 c- [% `& Aresidential real estate sector.
' g1 s/ O; h7 Y/ J# M2 T( ?8 j) g) H5 j
    Of the housing types surveyed, the highest average price appreciation
+ B% D# W, ]& u3 \2 v* v/ H5 v$ uoccurred in detached bungalows, which rose to $300,365 (+16.3%)8 X+ X" w) h2 `  J
year-over-year, followed by standard condominiums, which rose to $211,562$ n' \8 J8 _  T+ X" z- H& p) i  x$ D
(+14.2%), and standard two-storey properties, which increased to $365,380, {. ~# W/ y, w
(+13.2%).! n/ E6 w6 \: z3 f/ m/ d. n; j
5 T# T3 `1 T8 X) k9 w7 \
    "Canada's sturdy housing market continued to demonstrate steady growth2 E% B, a0 p+ }  w. e; g* T; l
during the third quarter. For all but the west, we have moved on from the! ~& g7 X" t* U
frenzied expansion that characterized the first half of this decade, and are* i4 _3 a+ m; q9 b. k
poised to show continued growth at a more moderate pace," said Phil Soper,
" r9 W' W9 Z2 |5 z# I( j1 Z. [- vpresident and chief executive officer, Royal LePage Real Estate Services.9 r9 a6 p. h3 F. U  @  s
"Gone is the sellers' market that we have lived with for some years. We
& \1 @$ ?5 {, C9 {# gwelcome the more reliable conditions that are characteristic of a healthy
1 Y0 m2 X, H: v; P5 a' G# \8 i, g9 b/ zbalanced market."' l5 u/ S2 O0 |% J

* ]' O  ?/ f% i1 Y3 G% S    Despite the double-digit rise in average national house prices,
0 Z0 p' e$ c4 Z8 s7 xconsiderable regional variances were exhibited again this quarter. The shift) }  \* {; H: t! P. v
to balanced market conditions, which began in late 2005, has continued
2 u9 {# F7 }: n+ w3 n* [& Cthroughout most of the Central and Eastern regions of the country. In the core! r; I; w6 [2 Z( ~: s
energy producing western provinces, the combination of very high in-migration,  c8 `5 b- @. J
manageable affordability, and a shortage of inventory has driven record$ L% w$ v4 M5 v* R, }
breaking price appreciations.
# M* u9 {# @/ n' y2 F
# v2 J  U! @1 w) e0 a  I* p( |" z    Echoing the second quarter and supported by Alberta's rapidly expanding% F6 L: m/ F! p
economy, Calgary and Edmonton led the charge of Canadian cities with the5 G- z% z7 p6 A1 J$ X) ?
largest house price appreciation in all housing types surveyed.  X+ z. b! C8 ]( I; ]
6 d2 G$ U* D: b* O4 g
    In Ottawa and Toronto, growth remained steady, supported by solid
- ?. \" W# c, w4 T8 |/ o- k- Ieconomic fundamentals, an increase in available inventory and strong consumer
, Z, \& s3 w$ U; e) K  Q9 @confidence. While the pace of price appreciation in Ontario leveled off4 g+ Q' P4 k, d' t" r- n, X/ n5 G
slightly, the province's real estate market remains poised for modest growth.
" f* y2 Q, ?# A8 E0 B6 DIn Atlantic Canada, new housing and condominium construction offered buyers
; q* t% M# \8 B# N# ggreater selection at more competitive prices, resulting in a slower rate of0 g6 w% C7 f9 A$ ^: h( B0 H
price appreciation when compared with 2005.: |. W- s) \2 _2 t

% r; L! |6 c9 Y3 B, ?' h    While the pace of growth in Canada has slowed, the domestic housing
& J/ U( t; A1 K" w# {& Amarket is expected to outperform the American market. The economic and8 z  v& r5 m) O! ]' V
financial fundamentals driving the residential real estate sector in Canada
3 M5 f% R5 t: ]! G  m2 ~are markedly different than those found in the United States.
! ?9 q& u5 D! E2 c/ @/ Q* w  g2 T
    Added Soper: "Canada's housing market is likely to outperform the
+ d; Y+ F: `, c4 VAmerican market through 2007. A number of factors are working in Canada's, o3 d, }  E) ?( b0 F& S
favour, including healthy personal and governmental debt levels, the1 A! S' N; I* f: ]& w3 H5 [
relatively modest rise in interest rates in our country, and general% A6 t& G( q1 p9 u; j0 K
affordability in our major cities. In addition, Americans are now seeing the' b+ ^) E2 S1 W% ~5 Z( u% }; i
downside of a tax system that encourages maximum homeowner leverage, and% @  ]) M- O8 \- f. {8 @$ k
aggressive financial products such as zero- and negative-amortization
$ W; l$ A. M/ N: q1 Z6 b+ `mortgages that work only in a high price growth environment."
0 d2 P$ }& ]0 ?- k* ?; D" r0 ?
0 H$ |6 u+ _4 v    <<- V: l/ g/ B0 A+ F" k
                             REGIONAL SUMMARIES
) S7 ~2 x- z1 o: ^  ^3 o% P1 g    >>5 [: D, R1 e  h% o
) @$ |& O. [, X9 ?$ Y- ]1 j
    Balanced conditions continued to characterize the housing market in( m: ?$ `  i! j
Halifax, as significantly higher inventory levels helped to moderate the rate
+ B' w5 S& w5 k% O# @of price appreciation. Buyers were increasingly choosy, taking more time
7 g, Q' D& a0 R! x" s/ ^looking for newer, low-maintenance properties that were not in need of+ K; k) R* f" w8 |5 {0 m) x
renovations.7 w. @1 @% r/ C! ^" g0 o

4 @9 E; N4 u. T8 U    The housing market in Moncton remained healthy and strong as a slight
3 b5 ~; \5 `) N7 C; i" zincrease in inventory helped to moderate the rate of price appreciation9 [  q9 M& C" H, W/ a2 p& G* o5 u
compared to the same period in 2005. Activity was brisk throughout August and
( G8 L% \: `  v! Z* e; |September and is expected to remain this way through the fourth quarter.
5 i: {- u6 w+ v% O1 F( Z9 f, u9 \2 e1 Z2 q- t. v" \+ B
    The housing market in Saint John underwent its traditional summer
( p- J9 u' z) Jslowdown in the third quarter, with activity picking up towards the end of the
& C; U; E/ `) t: h; l7 ^quarter. The local economy continued to thrive, as construction on a new
# a" C  h! D* P7 G4 n600,000 square-foot shopping area has begun, bringing several new box stores
+ B5 D. i" N3 X' y+ c: F& s0 sto the area. Buyers have begun seeking less expensive fixtures for their homes
# @# M$ ], E- z# gand are instead opting for more affordable housing options.8 D; P; K- B3 O) Z
6 O5 _" o1 i! q2 t
    In Charlottetown, the housing market started to move towards balanced
8 T0 M/ R; L3 C5 a% `3 U- n( n/ y" Cconditions, as some sellers had to begin to lower the asking prices on their
2 T3 J/ W2 M$ u& Dhomes to make them more competitive. Activity from out-of-town and US buyers
' D5 n8 V6 {/ @0 hwas down slightly compared to 2005, likely attributable to the strong Canadian
+ H( [' \2 l5 N. edollar. Inventory levels began to creep up in the third quarter, providing+ b& M( v' {; v3 z; v# y
buyers with more options when looking for a home.2 I0 I' e5 W4 f7 L9 f$ [7 v) `
' b: z' }. U3 h  }: W% h* P/ e
    Activity in St. John's slowed slightly in the third quarter, particularly7 x0 k' _6 \7 \7 E/ C& y
among higher-priced properties, where there was a slight over-supply of homes/ B0 ?2 B# m* v: K! \7 I
priced over $200,000. Listing periods have increased when compared with 2005,
& |1 |  ?* ~  h: Y& jas some of the pent-up demand that had characterized the market over the last7 O1 J/ y& H! N* W
few years has been satisfied, resulting in more normal, balanced conditions.
+ x6 v- B9 G* n1 i! ~% j; m5 \1 c! t7 D3 o
    Montreal's housing market recorded modest increases in average house
0 Z7 K1 d/ T" }4 Dprices, due to a slight seasonal slowdown in the third quarter as inventory
+ R8 Z# u. A2 n- q6 zlevels rose. Part of this can be attributed to the fact that many renting7 E& k9 S0 X) p
first-time buyers were motivated to close on the purchase of a home by July 1,& ]' c  l' U0 t
when rental leases expire in Quebec. Once this date has passed some of the& }) p$ D5 h6 E5 V1 Q8 ?: }
pressure is taken off the market, allowing buyers to visit more homes before7 w3 ?" T8 d0 V( y- b
making a purchase.
) P8 \* t1 M7 U  B* W# [6 K; H! J( z9 v  g
    Ottawa held its position as one of the country's most stable housing* J3 u9 @( h3 S, [% A# V
markets in the third quarter, reinforced by a vibrant local economy and strong3 z1 ]/ d. _  O8 B" |
confidence, resulting in modest increases in average house prices. The city' P/ Z9 C. J9 b2 @) `, C: R
centre remained a bright spot in Ottawa, with homes in this area attracting
+ T' r8 S5 O* K1 h0 ]# battention due to their convenient location and proximity to downtown
1 E/ ^; Q0 d) V" d% qamenities." u7 n4 w/ O4 Z2 G8 J
3 ?, ?, a7 l6 h# a. l
    The housing market in Toronto sustained healthy activity levels
7 D1 d7 v& `  Rthroughout the third quarter, as a strong economy helped to maintain demand
  j5 U# `! Y0 S- \across the city, causing average house prices to rise moderately. Toronto has8 @" |, O2 ~* q! x; `$ y
continued to experience modest growth in average house prices, and has been
" Z' p) K- v; W* q& bdriven primarily by purchasers who are buying homes as their principle
( b. a/ T# U/ P: K& Dresidence, rather than for investment.
( |* t1 `3 v" T4 Q/ P, \. ?8 n; s3 e
    The vibrant Winnipeg housing market continued to show its strength as
, ]8 ^3 |8 _# d6 ^. fhouse prices rose during the third quarter. The booming local economy resulted/ c$ B6 m$ A' W% d9 X) r
in a historically low unemployment rate, helping to bolster consumer* R+ O& a: W+ U* }/ \
confidence and Winnipeg's ranking as the city with the lowest capitalization
4 K# z! T% J5 w9 w1 W( Yrate among the country's larger cities - helped to encourage buyers to enter
# m% B! @$ d4 N' u$ X( Uthe market.
7 ]$ n/ T9 w) x3 l( w* U0 r
. G0 A0 t9 {" G    In Regina, the market experienced a slight seasonal slowdown through
) h! r; H( O; OJuly, as there were fewer purchasers in the market due to summer vacations. In
3 R' R  }: g7 Z  Q0 x; B; sAugust, activity resumed to the busy pace previously seen in the spring0 X: S9 g  S: ]& r8 H' a3 o3 `& j
months, as the influx of purchasers made it more difficult to find a home due; ?) ]8 `- E9 q* V/ O3 h% E
to the shortage of available inventory.
  r. M5 X4 M; a. E' x- G# t/ S8 z) Z- g( t. D% G$ v5 y
    Activity in Saskatoon remained brisk as the market maintained its
! y/ ]& N( O2 u" ~& R8 U! Kmomentum from the busy spring sales period. The economy in Saskatoon remains
. @+ S6 x2 V1 W! [0 [% Zvibrant, as employment opportunities are abundant with many businesses3 T% H/ M: Z0 J
struggling to make hires and having to recruit outside the province.9 M; L2 v1 H3 i+ Z

8 c% B# X  x4 F/ [    Calgary's housing market recorded blazing average house price increases
- ~9 H  y; a' Z' K5 \9 ~( T8 cin the third quarter, in all surveyed categories. The burgeoning economy, low
' ?& ~/ e# g7 s" I4 Wunemployment rates and low inventory levels remained the leading factors that
& d/ i( k6 i& n, W* O! s& bpressured Calgary's house prices upwards. However, regardless of the soaring  N* U% Q9 g! ~& r0 E
prices that characterized the market - even during the typically slower summer
# V# p4 t" l5 w" n% Q% K' Wseason - it is expected that activity will become slightly more balanced, as, _# j  i! [6 g+ A' h8 x# P
buyers are becoming more reluctant to participate in the frenetic activity.

( v+ l+ Z. Z; o+ R7 b% s/ \& {% w" U1 L' y
    Edmonton's booming local economy continued to thrive in the third quarter+ S, P" N2 r3 q; E5 [. q
as activity in the oil sands north of the city continued to flourish. Edmonton$ Y: q9 C+ m6 j
remained the hub of activity for those coming to work in the oil industry,
  o1 x1 B* n# C* M* x% Rmaintaining tight inventory levels across the city, resulting in prices
1 ]3 Y7 J( P0 F% E9 G+ ^0 x# [increasing at record levels. However, as inventory levels continued to improve8 ^: M% C% b+ h% I+ |- ^3 {* ]) {
in the third quarter the rate of price appreciation should moderate slightly
; c0 F2 n, _) Y) |: w8 Ntowards the end of 2006.
    / m  \  Q9 t; ?+ B1 j2 @, u( D
$ V8 J$ ~% ]1 b6 q& T
While Vancouver has seen a slight reprieve from the severe shortage of' p! E* P5 t% E" U/ n# x
inventory that had previously characterized the market, supply is still unable
6 U, q- d% `- S' ]- f" |to meet demand, driving house prices upwards. Vancouver has a very diverse
$ M5 k# I' P- Y( u) X) m* mgroup of active buyers - from first-time home buyers to baby-boomers to. h3 a  [9 u, c4 C7 @$ C
foreign investors - all of whom fuel the demand for houses, placing added' y0 G& {% S" o, a: C0 W8 y) L
pressure on tight inventory levels.
" Y, I- f  w! ~& |5 h6 T
, x! c( [- p& o1 K( V0 a2 o% _' f    Victoria's market is vibrant and supported by strong economic
$ @7 o$ q3 O1 _fundamentals, fuelled by a booming tech sector and a migration of young people
7 @! q, C+ R5 i( @4 G" a4 binto the city that has continued to support the area's house price increases;( C9 U* X+ L1 q* w7 M+ U$ W+ K
while increased inventory levels have afforded buyers more time when searching
1 [: D6 o4 C* H# f$ h2 [$ h7 R" r& r# `for a home, helping to normalize the market's pace.
- }  V1 a8 u: V, |. o/ c9 X( X2 k& D
, W* q- O' c5 n2 o6 N' t! N! _4 N    <<
& b* `: w# a5 Y7 ?      Survey of Canadian Average House Prices in the Third Quarter 2006. I2 D+ _+ y; p! X0 J
7 ~& R* A0 I9 I" Z* T
    -------------------------------------------------------------------------) b, E- C4 o) i* _% B
                 Detached Bungalows                Standard Two Storey+ }2 h, J" `3 A8 B: x
    -------------------------------------------------------------------------. Z8 v2 e2 m+ J. ]: p, t0 b
                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q3* l( f" z+ q( b& }  k+ m! _  S( W" P
    Market           Average     Average    % Change     Average     Average% ]2 G1 M$ v0 h5 `$ W$ s
    -------------------------------------------------------------------------
$ k7 L# E: y: b6 x- ^% z3 \) X    Halifax          186,333     173,333        7.5%     198,667     199,000
3 f0 ^( j0 @4 V2 \9 Y! u7 @    -------------------------------------------------------------------------) a7 j; r" o( f0 x9 F: }
    Charlottetown    145,000     141,000        2.8%     175,000     170,000
& [: v. y& x  C$ ^" g    -------------------------------------------------------------------------4 n8 g1 _, ?& p* W6 z  U9 ]4 y
    Moncton          135,000     127,000        6.3%     129,000     123,000
1 v! ~  U/ c- d; }" d    -------------------------------------------------------------------------
; v/ X0 }9 X0 ?" J  c    Saint John       141,200     142,900       -1.2%           -           -
) v. U. I: P/ Z1 J, f6 A0 M    -------------------------------------------------------------------------/ z8 C$ g! V6 @' l. r8 B# {( W, f
    St. John's       143,667     142,667        0.7%     200,667     202,333
$ b9 ~  N) r7 {" H4 g+ q7 s    -------------------------------------------------------------------------: U0 Q$ v! K( k! t4 ~9 |
    Atlantic         150,240     145,380        3.3%     175,833     173,583
* R, D7 d, D* U- a9 A    -------------------------------------------------------------------------
5 G. W$ W& K) d    Montreal         213,691     203,500        5.0%     321,141     316,185
3 C4 L! Y/ h! Y9 Q6 Q* f) a; C4 A/ F    -------------------------------------------------------------------------
* o1 C3 R' \3 c& Y    Ottawa           290,083     278,417        4.2%     285,667     273,250
5 m/ n9 u& ^& U  K3 _( `    -------------------------------------------------------------------------, Q! f- S& I) y3 u7 T( e
    Toronto          373,368     355,882        4.9%     481,523     474,7663 W/ K7 ]5 b/ w+ e
    -------------------------------------------------------------------------& h2 C& T, H* z6 |5 Y9 x; i+ N
    Winnipeg         181,579     159,860       13.6%     202,337     180,707
/ }7 L0 Q2 v$ D1 z1 m& b' C9 k& V/ \% S    -------------------------------------------------------------------------
1 L' c6 g( a1 z  B0 V    Saskatchewan     170,667     156,083        9.3%     182,600     166,500% M! `( G: N' j! F/ `# D
    -------------------------------------------------------------------------
" u4 z' a! `/ T& X    Calgary          395,067     252,411       56.5%     405,778     264,389% e& x0 F% P, k
    -------------------------------------------------------------------------
! a5 s! Z0 C9 |  Y! v" q) H+ t1 j    Edmonton         286,857     194,857       47.2%     316,429     206,714% z9 r/ O  k. |' [! u4 j
    -------------------------------------------------------------------------0 w/ y6 h$ N* t, ?' k& ?/ _
    Vancouver        704,250     601,000       17.2%     794,000     697,500
+ X2 Q4 i8 F$ U6 n    -------------------------------------------------------------------------+ d% O$ |! y& t& R9 R
    Victoria         375,000     348,000        7.8%     403,000     391,0009 R% U) y3 V2 s: f
    -------------------------------------------------------------------------  q9 _/ u7 ~7 `, f6 b2 s  b
    National         300,365     258,202       16.3%     365,380     322,860- n& a8 g6 |, N  C
    -------------------------------------------------------------------------
' Y/ \+ A  X4 g9 N% i4 z
% A3 D* D3 g' q    -------------------------------------------------------------6 s8 X% p# r% D7 C
                               Standard Condominium! l9 E" H( [: T
    -------------------------------------------------------------
2 X3 o! H, I" r# u! H                    2-Storey     2006 Q3     2005 Q3       Condo% ~8 x) Z& a) l
    Market          % Change     Average     Average    % Change
* z  ~$ |2 x$ l3 H, G1 Y    -------------------------------------------------------------
* h. K2 m2 N% v3 G0 x" {! V3 }! d    Halifax            -0.2%     142,000     103,000       37.9%
$ T& i1 E' b8 _- @9 h  i    -------------------------------------------------------------0 \" R8 {3 k3 f! x% ?
    Charlottetown       2.9%      98,000      98,000        0.0%
8 K5 Y0 x$ Y4 p2 F    -------------------------------------------------------------, j' s# _; O: P( M! D( F6 I( w
    Moncton             4.9%           -           -         N/A$ V0 p) r( g9 T: C3 K6 O" X3 I
    -------------------------------------------------------------0 M( t  O: Y0 g. A8 U0 V
    Saint John           N/A           -           -         N/A" ?) v7 X- H- m
    -------------------------------------------------------------* U& ^$ m$ z! d, p" y1 I
    St. John's         -0.8%     146,333     145,667        0.5%
. C' v& F! V+ r) a$ o/ g    -------------------------------------------------------------
0 J  \1 s! m- p5 _2 D7 _    Atlantic            1.3%     128,778     115,556       11.4%! e/ k$ k. y/ W8 z
    -------------------------------------------------------------
, ^6 O# C' [! y* v- d/ R$ _    Montreal            1.6%     193,190     188,016        2.8%% l- K0 X* |9 j5 S, D7 {) R! s
    -------------------------------------------------------------; e. l5 o" E$ f
    Ottawa              4.5%     181,083     172,250        5.1%
6 m) b( C$ r$ h! ]) y' E3 j, t5 P    -------------------------------------------------------------
. Q( T, N3 S- w6 h3 z2 g    Toronto             1.4%     252,088     242,918        3.8%
8 k# Z7 x5 _% m/ J1 C" M    -------------------------------------------------------------
. B; B* W# k: H: D! v3 B5 k3 n    Winnipeg           12.0%     105,648      96,008       10.0%
4 v0 P3 i4 Z! x# T* s    -------------------------------------------------------------% W+ c! i) `1 O3 g6 X: z! t/ U
    Saskatchewan        9.7%     106,250     101,000        5.2%0 i5 [1 P4 u# ~. J) g; j
    -------------------------------------------------------------
& \; M$ Q2 k8 ?  j6 V+ n    Calgary            53.5%     245,844     153,867       59.8%
; r  q  Q8 C6 y, C    -------------------------------------------------------------1 [  w) |. k8 T, N3 n) S
    Edmonton           53.1%     200,433     131,500       52.4%
# @5 b. l7 ?* I  C: G9 T    -------------------------------------------------------------
. i/ C6 e! g8 q9 ?. C    Vancouver          13.8%     366,250     323,250       13.3%) G8 q, |6 V4 U/ C
    -------------------------------------------------------------
9 m- z4 H# f/ Z    Victoria            3.1%     229,000     220,000        4.1%
. Z/ P5 f8 J# `  [1 ]    -------------------------------------------------------------! O. Y/ B! n. |7 W9 F' L. i7 I
    National           13.2%     211,562     185,296       14.2%
/ b; a( M7 q+ b, z' o! H0 @    -------------------------------------------------------------  R7 P  Y- ]# Y7 J. m% [/ r, W
    >>
" j. ?0 R# j1 q4 |# I) T9 ]8 S3 N$ y* }
    Average house prices are based on an average of all sub-markets examined
) G! U' m9 T( ]! z  n  f4 Pin the area, except for the smaller markets of Charlottetown, Moncton, Saint% c+ H, Q1 Y9 x/ y
John and Victoria.9 z; W- V0 d3 l* s9 E1 i$ q8 {0 p

( G# m* @+ R: n: z* T7 e5 P    The Royal LePage Survey of Canadian House Prices is the largest, most, p- D+ @0 Y0 y$ b2 s4 `9 _+ L# n
comprehensive study of its kind in Canada, with information on seven types of
! s1 W& L, y% [' w: j( k/ t* @housing in over 250 neighbourhoods from coast to coast. This release
6 B; \7 y3 |2 z, u1 I& H  N* c+ s& Preferences an abbreviated version of the survey, which highlights house price+ H% |: C3 y6 e, M1 _# Y# L5 Y3 y
trends for the three most common types of housing in Canada in 80 communities/ X+ V( l6 ~$ r) b* T
across the country. A complete database of past and present surveys is% C) }& W: s8 r& H1 [8 B7 e
available on the Royal LePage Web site at www.royallepage.ca, and current) F. q2 G: d, S+ r6 i5 z; s
figures will be updated following the end of the third quarter. A printable
/ f. z' Z5 G/ P5 H7 Tversion of the third quarter 2006 survey will be available online on
% Y& x8 k5 _7 ]$ ~# z$ M3 pNovember 15, 2006.1 k8 X' o" w& a5 Z
    Housing values in the Royal LePage Survey are Royal LePage opinions of
7 O( [/ m6 C, O# \" D/ Dfair market value in each location, based on local data and market knowledge* q3 Q/ f) ]+ a
provided by Royal LePage residential real estate experts. Historical data is
8 f" p; e, G$ x, yavailable for some areas back to the early 1970s.
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