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Canada's housing market both vigorous and stable
+ T3 H# J5 m" b/ p
4 p# l9 C% A0 P1 ?; B- Country's market poised to show growth throughout 2006 -( ^8 Q* P9 y) ^
- H% l& l7 I: _8 ?/ b TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market* Z* W& u8 J8 Z5 F; R
exhibited moderate price increases and stable unit sales during the third7 b5 |. x1 D4 H1 r& ^: \
quarter. Wide regional variances continued to be the dominant characteristic
$ _) a# k( s" Sin the market, exemplified by frenzied levels of activity and double digit
9 V$ v7 R, J* Q3 l. Sprice gains observed in the energy and commodity rich Western provinces, and
* X" s8 r2 L9 \" \7 Tmore reasonable sales volumes and moderate price appreciation in Ontario,; s! M/ X6 y. [/ ^7 w5 }% v
Quebec and Atlantic Canada, according to a report released today by Royal" \, G& Q- y9 y0 l
LePage Real Estate Services.9 [$ i% P* ]: E' X
- M" j: g1 l( r7 i* l" B7 z" j
Nationally, market trends established through the first three quarters
; P+ _9 {& ^4 b. N0 c5 o5 D tare forecast to continue for the remainder of the year. Robust economic
4 m4 f1 k2 h0 O. `. X4 W: l; X% M: Aconditions, low unemployment rates, modestly growing salaries and wages, and
7 Y; @. ~4 ^; X" {sound consumer confidence contributed to the overall strength of the
0 T, _; W' g; d, d( Mresidential real estate sector.
7 s2 j$ e) X% T m1 g0 |0 P
% F" @# n$ y% p' k/ V7 \( h8 n* \8 y Of the housing types surveyed, the highest average price appreciation
7 O, `$ x, z/ j( `6 eoccurred in detached bungalows, which rose to $300,365 (+16.3%); O* i* n+ J& K6 X! H
year-over-year, followed by standard condominiums, which rose to $211,562! O; E, V) {0 Y9 c6 P
(+14.2%), and standard two-storey properties, which increased to $365,3805 l8 N* P& _6 R* [
(+13.2%).
/ h# D! e8 s# c6 G& Y) W. a, o: A) O0 j& L9 r
"Canada's sturdy housing market continued to demonstrate steady growth
" x A) Z' }, {. O" _) q' g5 L9 r& @during the third quarter. For all but the west, we have moved on from the' s2 C( p* w4 _) k
frenzied expansion that characterized the first half of this decade, and are
- L6 }. L& i* j( O0 X9 @' Spoised to show continued growth at a more moderate pace," said Phil Soper,
& A( i5 H# j, qpresident and chief executive officer, Royal LePage Real Estate Services.- K* U. p) U9 O2 _3 }
"Gone is the sellers' market that we have lived with for some years. We' n1 b1 ^$ f0 U4 u' x# p' |+ `
welcome the more reliable conditions that are characteristic of a healthy
a L: K0 N, p$ }9 J- Qbalanced market."
: j6 s% U' o% A3 B" C" \5 R7 o1 [. V- i
Despite the double-digit rise in average national house prices,
5 a6 V& _) ~- C4 l5 _9 u/ yconsiderable regional variances were exhibited again this quarter. The shift; L4 n: E8 W9 J2 D& G
to balanced market conditions, which began in late 2005, has continued. B& M6 h: B' p* n& ?
throughout most of the Central and Eastern regions of the country. In the core' J3 h; g2 x# Q
energy producing western provinces, the combination of very high in-migration,1 {/ m0 u" Y% ~8 ?" V
manageable affordability, and a shortage of inventory has driven record
8 r& O% |! ~) E/ I6 z# nbreaking price appreciations.0 O: i& }: J; k; _; X0 W1 C
- b: s+ G0 G6 j% R: I Echoing the second quarter and supported by Alberta's rapidly expanding7 }: j9 c* U6 }* h4 V" ^2 ]
economy, Calgary and Edmonton led the charge of Canadian cities with the5 N/ c( A. N$ a, W& f( f
largest house price appreciation in all housing types surveyed., {. ?+ i* `6 p* j, \+ G: L9 M R; M
, ?, w( }8 ` `' ^ In Ottawa and Toronto, growth remained steady, supported by solid
) G2 ^+ Z% m. J/ r, ieconomic fundamentals, an increase in available inventory and strong consumer
) c" @. {- v$ U& y7 ]: iconfidence. While the pace of price appreciation in Ontario leveled off/ }( E" e" R2 [; _7 G
slightly, the province's real estate market remains poised for modest growth.
& o' L# l3 [( e, a \5 U0 EIn Atlantic Canada, new housing and condominium construction offered buyers6 T# e# F8 c' P# f3 Q( D5 g& w
greater selection at more competitive prices, resulting in a slower rate of8 }. ~ n0 R0 M ~/ [) e6 S
price appreciation when compared with 2005.
" E: M, K$ @6 K0 O9 p" J2 s$ w3 i+ J' |- _5 o
While the pace of growth in Canada has slowed, the domestic housing8 R, W; R, w9 B
market is expected to outperform the American market. The economic and
1 g0 A0 X; X" _9 u& A+ C# F. Y3 zfinancial fundamentals driving the residential real estate sector in Canada
8 z; A6 s: i9 _% qare markedly different than those found in the United States.
7 S; W3 m6 M6 P$ t5 H3 Y6 V7 A' Q9 c4 V/ E8 N
Added Soper: "Canada's housing market is likely to outperform the9 E; O9 Y3 r; h/ e
American market through 2007. A number of factors are working in Canada's) ^/ _! ?3 \0 S1 M4 ?
favour, including healthy personal and governmental debt levels, the
" x- r6 r9 K) J: `0 nrelatively modest rise in interest rates in our country, and general
: s, ?" y& \* t3 \affordability in our major cities. In addition, Americans are now seeing the
7 P. r9 a3 _+ r( i3 D u9 ~downside of a tax system that encourages maximum homeowner leverage, and
% s+ Y. x! B3 Maggressive financial products such as zero- and negative-amortization
* F* n/ H' ^% s! i6 c" q4 [mortgages that work only in a high price growth environment."0 e7 z. D+ V* `- ?' p
2 Q* ~7 B- a3 y& [+ ~1 V) {" y <<) S6 J3 W; W$ |# L8 ~
REGIONAL SUMMARIES
! Q: a! u4 J, K g; k% t >>8 Z1 O$ p* q9 v* z
/ s; L" c. T/ u/ }" f1 \7 l
Balanced conditions continued to characterize the housing market in
3 w. Y3 a- C. b: y% _Halifax, as significantly higher inventory levels helped to moderate the rate
' e Y+ \& G8 R( A+ _1 c7 Pof price appreciation. Buyers were increasingly choosy, taking more time: A" C3 `, m) I4 g" a
looking for newer, low-maintenance properties that were not in need of# B/ {3 v4 w4 G5 a
renovations.
5 w4 b, c. e1 k$ J" ]- Z, H, j/ p4 b; N5 L9 G4 `! |# I' I
The housing market in Moncton remained healthy and strong as a slight# }! }1 n- H' T+ C8 F. ^
increase in inventory helped to moderate the rate of price appreciation
: x; Q4 a9 i% jcompared to the same period in 2005. Activity was brisk throughout August and( Q q' d' {* @1 S& x9 B
September and is expected to remain this way through the fourth quarter.. m0 f, L* A0 v
9 U% ]2 X9 |: ~! V- @ The housing market in Saint John underwent its traditional summer
/ J. f! t) Z! H- S- I8 Q9 kslowdown in the third quarter, with activity picking up towards the end of the
; P0 p4 Q3 F/ ?: v% Wquarter. The local economy continued to thrive, as construction on a new f: I' L4 m- N- j h
600,000 square-foot shopping area has begun, bringing several new box stores
. P0 m8 D9 \' i/ nto the area. Buyers have begun seeking less expensive fixtures for their homes
5 _; Y3 G+ U! _% Y2 ]5 {8 Gand are instead opting for more affordable housing options.. B P$ B' w5 p( J* w+ j# I
! O; |' e6 K( q In Charlottetown, the housing market started to move towards balanced. V& N0 X$ j% j/ M3 n. R: z. C
conditions, as some sellers had to begin to lower the asking prices on their" a; k8 ]( l6 i# z$ b; m, ?9 a( ~
homes to make them more competitive. Activity from out-of-town and US buyers* h3 t2 G* ]9 |: f% r5 d
was down slightly compared to 2005, likely attributable to the strong Canadian
6 p/ l. o2 Q7 w7 w- p$ F9 Xdollar. Inventory levels began to creep up in the third quarter, providing
5 k( ^$ q9 j3 F$ ^( kbuyers with more options when looking for a home.: @1 Z/ i, E+ [$ [6 Q# D: @6 o
8 l; t( r# z0 ^' I0 }$ H1 \7 o! \. W
Activity in St. John's slowed slightly in the third quarter, particularly# w) K5 X3 c9 E
among higher-priced properties, where there was a slight over-supply of homes
6 i* I5 T6 V Fpriced over $200,000. Listing periods have increased when compared with 2005,
/ X: H3 F4 \6 ?as some of the pent-up demand that had characterized the market over the last
0 K1 X) I1 a6 E3 E/ ]& Hfew years has been satisfied, resulting in more normal, balanced conditions.1 _* k8 v* Q j$ t6 M5 `: a7 p; u: b
7 }, b8 ~9 N) H Montreal's housing market recorded modest increases in average house4 \, t# j& U+ F% P$ X) s. X( V- {& t
prices, due to a slight seasonal slowdown in the third quarter as inventory5 [* Z9 r/ c# X) ^2 c
levels rose. Part of this can be attributed to the fact that many renting
8 p$ f/ |. u! j7 X) `2 ?first-time buyers were motivated to close on the purchase of a home by July 1,+ ^- \. B; b# }
when rental leases expire in Quebec. Once this date has passed some of the
8 H% [( h1 n. D# P# M) _' h4 mpressure is taken off the market, allowing buyers to visit more homes before& s; X% u9 l x6 F2 `% f" W
making a purchase.
: u7 C( S& |2 `& m! v
$ Q$ N! N* E5 e Ottawa held its position as one of the country's most stable housing* }3 v6 B$ @) Y
markets in the third quarter, reinforced by a vibrant local economy and strong
: y& j; U+ j, {1 L, @7 ^confidence, resulting in modest increases in average house prices. The city" [* @/ i& g/ e/ _% [+ H
centre remained a bright spot in Ottawa, with homes in this area attracting6 m( J$ Y- v Z% r, {
attention due to their convenient location and proximity to downtown
$ P. O! H6 M! C0 e' d5 E" a& n' gamenities.. Q* d, y5 g1 L9 ^
' Z+ B' O8 ]' g( ^$ Z The housing market in Toronto sustained healthy activity levels
# z) m- ]# @( fthroughout the third quarter, as a strong economy helped to maintain demand( q g5 `. h0 X2 m; t# c7 h3 ]" @
across the city, causing average house prices to rise moderately. Toronto has& b/ C+ v' F1 @3 c- D8 e. Y5 `
continued to experience modest growth in average house prices, and has been7 D* k/ Y( n) ?) M2 N* [9 B2 N' p
driven primarily by purchasers who are buying homes as their principle$ U0 j' u7 O1 n% y9 Y
residence, rather than for investment.
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9 \( n/ q! |# A5 R- T, [: g The vibrant Winnipeg housing market continued to show its strength as- x# j. n0 o' p0 U& ^1 |
house prices rose during the third quarter. The booming local economy resulted6 }3 v9 }( ~9 v6 f; m# o3 S
in a historically low unemployment rate, helping to bolster consumer
+ E0 ]+ k, G N- U; a0 Fconfidence and Winnipeg's ranking as the city with the lowest capitalization) S: Q+ j0 d) i
rate among the country's larger cities - helped to encourage buyers to enter
# _; O! H" S/ ~- {& gthe market.1 `8 T6 ^, g5 B, _" Z
3 ?. b0 ]* \& W& V2 q In Regina, the market experienced a slight seasonal slowdown through
3 U, A/ M0 ^. J/ B O5 nJuly, as there were fewer purchasers in the market due to summer vacations. In6 }: |( q3 [9 x, |, O; h1 }: [- ]2 n
August, activity resumed to the busy pace previously seen in the spring
0 z0 ]( s( l* V" ?3 N1 z! @, m. {months, as the influx of purchasers made it more difficult to find a home due
6 \3 m. P. i4 b( ~6 |# D& M+ N, Vto the shortage of available inventory.5 @# n, P6 `( E$ y' S( A; ~
) S" [! Q; p; g, v# D [6 Q& {& _
Activity in Saskatoon remained brisk as the market maintained its! _( x! G0 B5 [3 ^$ \
momentum from the busy spring sales period. The economy in Saskatoon remains
+ ^- }/ H# t: K* s3 L6 m6 wvibrant, as employment opportunities are abundant with many businesses
7 {2 J; N; y- `/ c' a9 cstruggling to make hires and having to recruit outside the province.
1 g1 r* \/ ]2 t5 M! ?4 {% R8 l' z; D( D4 X. M: a# |
Calgary's housing market recorded blazing average house price increases9 ~, m4 `; N) L& w
in the third quarter, in all surveyed categories. The burgeoning economy, low
1 \( P0 a) o, R. i+ A4 X- G$ [unemployment rates and low inventory levels remained the leading factors that
3 T9 J5 ~" Q: [: W2 |& w+ ]. v1 J( apressured Calgary's house prices upwards. However, regardless of the soaring
2 y; f M: H# t6 u/ @2 x) a& L& H/ vprices that characterized the market - even during the typically slower summer
; x( b- z) b& _/ L1 oseason - it is expected that activity will become slightly more balanced, as4 z; _0 {4 K+ g4 D
buyers are becoming more reluctant to participate in the frenetic activity.
6 v7 g( N; u5 Y7 P" l4 }# G4 J" c8 y! F# i0 E) l" M
Edmonton's booming local economy continued to thrive in the third quarter
! f/ S, g% i. v8 H3 O# P' Q# \9 {as activity in the oil sands north of the city continued to flourish. Edmonton$ R3 [/ U: M6 `+ m. p( E
remained the hub of activity for those coming to work in the oil industry,
/ ^( P- B3 c# s$ \6 y( l2 Q( d! u) vmaintaining tight inventory levels across the city, resulting in prices
& o8 D( `( E7 ^6 H1 gincreasing at record levels. However, as inventory levels continued to improve! O+ Y6 _" D( b" V' |
in the third quarter the rate of price appreciation should moderate slightly
h( N8 N2 J) g6 t$ Etowards the end of 2006. % I8 W% x1 T7 |; M% k; ?& L
( _$ a) W/ Y4 W k
While Vancouver has seen a slight reprieve from the severe shortage of9 {6 E5 ~; p9 V, X" E; y( Y
inventory that had previously characterized the market, supply is still unable
$ I+ }* R# Q# l* @/ Y$ vto meet demand, driving house prices upwards. Vancouver has a very diverse- u P0 T3 p5 P+ N. y. V
group of active buyers - from first-time home buyers to baby-boomers to
8 e. |9 c$ c" @foreign investors - all of whom fuel the demand for houses, placing added a& D4 ^0 d% _& w
pressure on tight inventory levels.( N; l( Y& E4 i. V# |( f
/ T$ H- K6 N4 S, s* Q Victoria's market is vibrant and supported by strong economic& l, `3 E9 T& Y# s" C' P* x
fundamentals, fuelled by a booming tech sector and a migration of young people
* |/ P/ ^1 s* n9 p& }$ Rinto the city that has continued to support the area's house price increases;
7 k6 k8 Z+ [8 C7 v( }# P5 A) _while increased inventory levels have afforded buyers more time when searching
& S& B$ J' ?! `5 z; Zfor a home, helping to normalize the market's pace.! a x/ k ~% C5 x0 w. U6 o; S9 W
! I& u7 K: Y( k T <<- d" `( n3 {6 h) v
Survey of Canadian Average House Prices in the Third Quarter 20066 j# e& } b) }2 q' @7 }! Z
3 y1 w% N" n' X
-------------------------------------------------------------------------3 z }- S3 m8 W% S3 F5 E
Detached Bungalows Standard Two Storey* [/ w7 k) U( G+ h8 R
-------------------------------------------------------------------------: {8 s5 Y, n0 M7 j" Y! f6 [
2006 Q3 2005 Q3 Bungalow 2006 Q3 2005 Q3
0 I O6 X0 u' ?2 I; d Market Average Average % Change Average Average, J6 h0 h$ L- ^/ Y
-------------------------------------------------------------------------
1 u- X$ F' \" P) p: |1 Z4 S/ O Halifax 186,333 173,333 7.5% 198,667 199,000
' ]+ Y2 e7 W A' {7 ^* O6 w -------------------------------------------------------------------------
7 f/ O3 K. b+ `( U t( ~/ G' J Charlottetown 145,000 141,000 2.8% 175,000 170,000# k) |2 ~" ^/ k7 z+ D; P9 |/ n
-------------------------------------------------------------------------! R) I* y( Q- F& U
Moncton 135,000 127,000 6.3% 129,000 123,000
3 l6 }% k" N2 U, r: F2 u -------------------------------------------------------------------------) d1 ^0 [3 _" a3 M& k: M! J! ?8 y
Saint John 141,200 142,900 -1.2% - -+ d/ k/ z0 D' ~1 h4 ~
-------------------------------------------------------------------------
! K/ N0 w& X: P2 W$ g6 T St. John's 143,667 142,667 0.7% 200,667 202,333/ M- [3 ]" P4 [0 v2 \ N4 ~
-------------------------------------------------------------------------
2 W* {# v* {. }" P x) G$ c Atlantic 150,240 145,380 3.3% 175,833 173,583
' @# G: G+ t, U3 r; u -------------------------------------------------------------------------* f% ^9 [% N4 N7 Z' x/ B
Montreal 213,691 203,500 5.0% 321,141 316,185
q) \6 b+ G: b& B -------------------------------------------------------------------------
4 H" y' E8 @5 \. f6 N Ottawa 290,083 278,417 4.2% 285,667 273,250
( ^! Z) s/ s2 V" c8 P -------------------------------------------------------------------------
, r" m& _/ Y7 H' p0 ^7 h Toronto 373,368 355,882 4.9% 481,523 474,766' e( R" [& z$ Y' Y: R* O C% {) U
-------------------------------------------------------------------------
7 i* T: G$ R) }& y _0 H2 c# j Winnipeg 181,579 159,860 13.6% 202,337 180,707
; y4 W5 @1 J" P) { -------------------------------------------------------------------------5 }; y" S6 ]$ h4 x% Y
Saskatchewan 170,667 156,083 9.3% 182,600 166,500
9 N0 c3 k; }0 e -------------------------------------------------------------------------
1 `5 l5 y+ \# S+ l& ]* p: b' ^ Calgary 395,067 252,411 56.5% 405,778 264,389
( b& ?3 w5 d! U$ D- z4 E -------------------------------------------------------------------------9 x) w7 F+ v% @4 q8 L/ k
Edmonton 286,857 194,857 47.2% 316,429 206,714
4 x+ p6 V, l1 J/ l# m$ [: d -------------------------------------------------------------------------
2 H: j4 j+ Y) y' _0 w. }# Y2 @ Y' } Vancouver 704,250 601,000 17.2% 794,000 697,500
+ K! L! s0 r7 r -------------------------------------------------------------------------1 W9 n8 T0 c" A. U/ A# Y% p
Victoria 375,000 348,000 7.8% 403,000 391,000
* h9 q# h( Q- ~, b4 ^' {2 ?' g, ` -------------------------------------------------------------------------
4 b, `& Z" d; ^# y" Z* M1 ] National 300,365 258,202 16.3% 365,380 322,860
5 z* o; J+ k k' V -------------------------------------------------------------------------
' G7 z# r$ q, u, P$ h7 ^5 [+ }7 v9 C) j- ^: |" h( X0 y
-------------------------------------------------------------8 u6 y# h8 A. k( v G$ L1 b
Standard Condominium1 I1 c6 s- w7 X: D4 l
-------------------------------------------------------------1 B4 x2 N/ L. t9 _
2-Storey 2006 Q3 2005 Q3 Condo
" b3 A1 g, w# p) g2 ? Market % Change Average Average % Change
7 N+ P! P! ], e8 |4 x3 E& I3 O2 k -------------------------------------------------------------5 e+ a# q! ]3 P5 C1 @6 N) G
Halifax -0.2% 142,000 103,000 37.9%3 B0 ~, c/ j: G# g% j; `
-------------------------------------------------------------" o2 T& L0 b5 o
Charlottetown 2.9% 98,000 98,000 0.0%
( R. H! n* c. x* y -------------------------------------------------------------% A0 b3 [) M3 m; I6 a( w" i
Moncton 4.9% - - N/A0 l* E& o$ \/ a& A& d+ g T1 T8 k
-------------------------------------------------------------
0 ^8 B6 j; w# o Saint John N/A - - N/A
8 D: p2 t6 P9 \/ q -------------------------------------------------------------; ^! H3 L. W6 y/ k
St. John's -0.8% 146,333 145,667 0.5%) N* K1 k8 `8 K2 A: ^
-------------------------------------------------------------
8 y/ |) F; z( L, X3 C Atlantic 1.3% 128,778 115,556 11.4%
: o3 U; G; ]6 q1 k -------------------------------------------------------------
- R: x( Y' X" a: m4 k Montreal 1.6% 193,190 188,016 2.8%
$ g+ ^4 o) }0 `7 K2 y- s -------------------------------------------------------------
1 ^. z- B# ?& G! u, Y+ v- P Ottawa 4.5% 181,083 172,250 5.1%
+ x* a6 f. Q0 {" Y! q' f9 p -------------------------------------------------------------
9 q/ O5 P2 M( h$ T/ J- ~' N Toronto 1.4% 252,088 242,918 3.8%; y5 |( n+ h E4 n
-------------------------------------------------------------3 D' C. t% n! G: g
Winnipeg 12.0% 105,648 96,008 10.0%$ h+ [+ N7 Y+ O6 H5 n
-------------------------------------------------------------
# P% T; Z; j6 o7 a) k- d Saskatchewan 9.7% 106,250 101,000 5.2%9 `( G8 G, Z2 Y8 k& Z1 `$ v
-------------------------------------------------------------+ [2 ]- R) k( `$ j3 N: N
Calgary 53.5% 245,844 153,867 59.8%; ^; A' @( t) v5 O" W+ ~7 p
-------------------------------------------------------------# g% A% C5 b4 C8 J& F$ a, U
Edmonton 53.1% 200,433 131,500 52.4%
0 J; S, {6 T) v- I/ C, j -------------------------------------------------------------) v9 k/ V( o9 b$ g5 N% v2 G" X
Vancouver 13.8% 366,250 323,250 13.3%
; h9 _4 w+ X4 f5 e4 l -------------------------------------------------------------" O. d5 j; \+ @
Victoria 3.1% 229,000 220,000 4.1%5 n* n, J$ @8 b+ J7 I# M
-------------------------------------------------------------
. X' Q" ^" i/ q) v% B! g1 H! D$ _ National 13.2% 211,562 185,296 14.2%+ R( Z9 E; l0 ~" p. b
-------------------------------------------------------------' @' S. } B. c [. p6 V- ^- n( Y
>>
' z3 q; _$ Z5 v0 t8 C' f5 \, Z
! {8 N& e5 X( x# \: N Average house prices are based on an average of all sub-markets examined% F+ f; j; j$ f0 D: B0 c H0 y4 h# U
in the area, except for the smaller markets of Charlottetown, Moncton, Saint
$ n* m$ Y3 y8 O" j4 ~; M; yJohn and Victoria.
6 i! r0 O1 G6 x
& }& V% @# |; y* M1 L; p# W The Royal LePage Survey of Canadian House Prices is the largest, most' u( q |* N [4 w0 X) I& c7 y4 \
comprehensive study of its kind in Canada, with information on seven types of8 H2 ]! p7 A8 M
housing in over 250 neighbourhoods from coast to coast. This release
* P& w3 k: [! G/ breferences an abbreviated version of the survey, which highlights house price
$ y7 m% H |8 htrends for the three most common types of housing in Canada in 80 communities
! L: S0 F/ V4 Facross the country. A complete database of past and present surveys is
- @* @# ~6 N4 C% S3 T' S% `available on the Royal LePage Web site at www.royallepage.ca, and current% E! x" ?7 B4 X. {2 `
figures will be updated following the end of the third quarter. A printable# k- [% Z8 h% k5 \) s/ r7 E; o
version of the third quarter 2006 survey will be available online on. q! g6 K, a# v
November 15, 2006.
8 O+ D- d8 U0 v/ b$ E Housing values in the Royal LePage Survey are Royal LePage opinions of0 l- `) |( t; l, I! |! \5 r
fair market value in each location, based on local data and market knowledge
: @8 ]7 O& a. q+ K3 m% }& V( p' x) |provided by Royal LePage residential real estate experts. Historical data is
5 f' _5 s9 s2 M4 Cavailable for some areas back to the early 1970s. |
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