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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
" S( @: \7 d- y: r* M& Y: f3 i5 Z* P7 z: J1 B( ]2 ?4 @
- Country's market poised to show growth throughout 2006 -
5 U0 b3 ^7 d  ]7 H
* c5 K( W4 e! A$ c, I- ~0 N    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market
# |- L! T  I* Z! R4 o4 q( k4 hexhibited moderate price increases and stable unit sales during the third5 C, b& d; \$ u$ E7 L4 N% `+ o  C
quarter. Wide regional variances continued to be the dominant characteristic7 ?' p& N( k! Q% n$ w5 f! ]
in the market, exemplified by frenzied levels of activity and double digit& m4 O- l+ R& O1 t' m
price gains observed in the energy and commodity rich Western provinces, and9 T2 [! J7 e2 g) {, r) O& c+ A
more reasonable sales volumes and moderate price appreciation in Ontario,
9 A2 N  ?; u+ z  u/ E, qQuebec and Atlantic Canada, according to a report released today by Royal* K3 Q; F8 N1 @, b+ H& B/ `( H# d
LePage Real Estate Services.: z( J, A: t! d
) z* |7 T' J, d' d) {2 s
    Nationally, market trends established through the first three quarters
7 h5 y: j* K* D  K' B5 ]) ~4 h0 kare forecast to continue for the remainder of the year. Robust economic  {. }( N. \, `4 ]; C% [
conditions, low unemployment rates, modestly growing salaries and wages, and
; H2 l" n* J+ ^) [7 W8 i8 usound consumer confidence contributed to the overall strength of the
' N- O; a" F) `  J* K7 ^residential real estate sector.! }) t( _- s' C* l) J, m

6 x1 v' B/ |, J- I( h    Of the housing types surveyed, the highest average price appreciation5 J) x& i" _# `2 {  q( [9 L2 {
occurred in detached bungalows, which rose to $300,365 (+16.3%)1 J( ?( Q- b2 Y$ a, a
year-over-year, followed by standard condominiums, which rose to $211,562
) {  P; g, E$ Q$ ]) {$ U8 W(+14.2%), and standard two-storey properties, which increased to $365,380
+ ?9 `1 V& {3 F(+13.2%).
9 _- t. c0 A' O$ s6 i* L
' T4 O( }& t3 J8 G: o& U8 \    "Canada's sturdy housing market continued to demonstrate steady growth
* i+ a$ I5 U/ P9 k, fduring the third quarter. For all but the west, we have moved on from the
. o2 ~8 K  `6 H& V$ N; P/ wfrenzied expansion that characterized the first half of this decade, and are8 I! |1 Y8 y/ ]+ G7 G  c3 o
poised to show continued growth at a more moderate pace," said Phil Soper,
3 `. D; }; r- {% p! W( r* ~president and chief executive officer, Royal LePage Real Estate Services.
7 L9 l; q; p! t# H6 I7 o  d"Gone is the sellers' market that we have lived with for some years. We
/ H0 D$ c# Y( o4 X: q6 q' ^9 ewelcome the more reliable conditions that are characteristic of a healthy% R  g3 I/ ~* E# a, F' s) a
balanced market."8 @% U, Q! P9 h' R; I6 v
0 G6 u, Q; i  o0 `% `; S
    Despite the double-digit rise in average national house prices,
! m8 n& H" A8 O! j# T& b$ P" s: m% kconsiderable regional variances were exhibited again this quarter. The shift6 @+ n5 w. o. P
to balanced market conditions, which began in late 2005, has continued
5 |0 _8 w7 {# k$ x8 p9 F( ythroughout most of the Central and Eastern regions of the country. In the core
( E5 _9 X9 Y9 _" O. o3 i/ g  J- Uenergy producing western provinces, the combination of very high in-migration,! ]3 n5 S2 w! J2 ?$ r
manageable affordability, and a shortage of inventory has driven record
8 J2 V% l3 b% l% k, X- U$ W% [2 ^breaking price appreciations.% `# a3 M* C& f  v* _
  ?9 }0 |7 K1 C" w* a+ ?* ~: K9 u
    Echoing the second quarter and supported by Alberta's rapidly expanding
: X3 J. G2 G1 o' N, ~economy, Calgary and Edmonton led the charge of Canadian cities with the
1 v: l0 u1 S; j0 k: G% zlargest house price appreciation in all housing types surveyed.! k8 W: A9 `$ m1 b# E
2 r- R& f  f3 F4 A
    In Ottawa and Toronto, growth remained steady, supported by solid& o/ P$ k3 c  G3 _
economic fundamentals, an increase in available inventory and strong consumer6 I' k3 {' G$ c4 `+ h
confidence. While the pace of price appreciation in Ontario leveled off
) a# u0 M; ?* t6 @2 c2 C0 Aslightly, the province's real estate market remains poised for modest growth.
2 i7 F7 D  w  M: A8 aIn Atlantic Canada, new housing and condominium construction offered buyers6 p; A( {9 `4 J; ~3 h) M5 v. i
greater selection at more competitive prices, resulting in a slower rate of9 {/ s- G6 ]2 J: g& _. V  g4 J3 D) n
price appreciation when compared with 2005.
9 l) ?% \, x! ~# H" _: d; j8 ^% @' f+ P2 E0 p) ~1 \
    While the pace of growth in Canada has slowed, the domestic housing5 Z  t# K8 k1 J5 V3 y% a% R
market is expected to outperform the American market. The economic and
2 M2 _: |3 D% h9 R* }" E$ [& \financial fundamentals driving the residential real estate sector in Canada
: P! }! W, V" ware markedly different than those found in the United States.6 q" H9 c1 R+ N" V! U
( o" |5 G3 V) G4 E# X* x
    Added Soper: "Canada's housing market is likely to outperform the
! ^+ {5 N) p/ B; `: ^- E% fAmerican market through 2007. A number of factors are working in Canada's
0 n/ i: Y2 F% x! t$ H/ j9 l9 Wfavour, including healthy personal and governmental debt levels, the0 g& ]4 B  i3 n0 \7 B' Q% Q
relatively modest rise in interest rates in our country, and general
; N* Y3 U4 a: D/ D- _7 P0 Y" Aaffordability in our major cities. In addition, Americans are now seeing the
7 Z! z, x$ Y' w- f0 q  ^6 [% H- jdownside of a tax system that encourages maximum homeowner leverage, and$ t; S/ k# R+ P" j. ]; L
aggressive financial products such as zero- and negative-amortization
, x* M$ E% L2 `  M, _mortgages that work only in a high price growth environment."
9 M' U2 k. G4 o. h9 w" v( N) ~2 @: n: G
    <<
% y' Y5 @% r/ _' C' L. G7 `  s7 T$ `                             REGIONAL SUMMARIES
5 }6 [  \  ~+ r" x4 E    >>
; Q# X* e1 r! S; e% g
% y$ F' I2 o+ T5 q: I6 @    Balanced conditions continued to characterize the housing market in
0 v! v1 T  e2 F8 h9 T9 h/ }Halifax, as significantly higher inventory levels helped to moderate the rate3 ~0 c+ k& x8 {, Z  H3 S
of price appreciation. Buyers were increasingly choosy, taking more time
1 H6 S' R8 U& W5 K5 `8 Slooking for newer, low-maintenance properties that were not in need of0 c7 v9 _. X1 s- m% K) o
renovations.
  a# f% b$ ^' l/ H( N8 @, ~0 g/ `/ L% m0 {
    The housing market in Moncton remained healthy and strong as a slight
! [3 M4 E- d' _/ F# @. ^( Sincrease in inventory helped to moderate the rate of price appreciation
: V+ j& e" G- t8 Tcompared to the same period in 2005. Activity was brisk throughout August and
) M- S. y$ G2 Y) C3 [6 b. bSeptember and is expected to remain this way through the fourth quarter.* b# ^  y) G  V' R
, _. }/ w) B0 j4 W; m  A" p0 D) O
    The housing market in Saint John underwent its traditional summer
) t( k* r+ C. K  E; V7 eslowdown in the third quarter, with activity picking up towards the end of the
, B+ C6 r. b& X& f7 Y, R% fquarter. The local economy continued to thrive, as construction on a new
$ j6 w4 i% J7 n. g9 D$ x2 O600,000 square-foot shopping area has begun, bringing several new box stores
2 v5 X9 A' V7 @$ U$ {4 E. j) mto the area. Buyers have begun seeking less expensive fixtures for their homes1 f5 U, d6 I4 t- F0 ~% s1 j, p
and are instead opting for more affordable housing options.# R2 q8 |( F' `3 T% @" B( U
, }! Z# y1 N6 H4 [0 i
    In Charlottetown, the housing market started to move towards balanced
; I6 z; r: l* V& |; k' I4 d% k7 qconditions, as some sellers had to begin to lower the asking prices on their
0 [, _9 e9 e( l  m$ ^# Q' v2 Shomes to make them more competitive. Activity from out-of-town and US buyers
# C! `6 q9 J- N5 qwas down slightly compared to 2005, likely attributable to the strong Canadian  R$ ?6 K* d% @; z, p% r+ {
dollar. Inventory levels began to creep up in the third quarter, providing1 Y$ L2 I. y( F8 U! x( z. _+ r
buyers with more options when looking for a home.
* n- _  A" {' q: ], `" z7 f
! D6 Z9 ]4 [/ F3 B    Activity in St. John's slowed slightly in the third quarter, particularly
! |6 G) `+ Q- r0 w1 m- ramong higher-priced properties, where there was a slight over-supply of homes
: x5 v+ b/ J7 M; X) qpriced over $200,000. Listing periods have increased when compared with 2005," t- |$ u! K3 o6 o# c: a4 S
as some of the pent-up demand that had characterized the market over the last: `6 B5 G; y/ R. ~
few years has been satisfied, resulting in more normal, balanced conditions.
. g9 e7 I# A% A4 I: c+ t# O7 d: p
/ o* t$ E* {0 T1 P- j+ O: M8 n9 D    Montreal's housing market recorded modest increases in average house
4 m# }8 p. C4 J$ w  wprices, due to a slight seasonal slowdown in the third quarter as inventory
, }0 ^# I  u4 z6 S; W( l0 Rlevels rose. Part of this can be attributed to the fact that many renting
* n; d, C" o# r5 Hfirst-time buyers were motivated to close on the purchase of a home by July 1,
& h! ~1 r8 }' z% Gwhen rental leases expire in Quebec. Once this date has passed some of the5 k* K' y  r$ e6 L, l- L) o
pressure is taken off the market, allowing buyers to visit more homes before
% i% o( C+ q! \9 z! F* zmaking a purchase." N( p0 L7 D( X. p* S9 x: t% P6 b
9 @: i3 _3 A# u8 |  ^( u
    Ottawa held its position as one of the country's most stable housing
4 |3 w2 Y: O: z+ }, b3 Omarkets in the third quarter, reinforced by a vibrant local economy and strong, I. X7 ?9 I  C% J
confidence, resulting in modest increases in average house prices. The city8 C6 N. W4 V8 D/ L7 N: N
centre remained a bright spot in Ottawa, with homes in this area attracting
( I. k- ~3 ], Y( a2 b+ battention due to their convenient location and proximity to downtown
# z9 w) y5 s' _amenities.# F* \+ }7 G/ q. u' \

( F% P+ `. W6 n. }; y: h    The housing market in Toronto sustained healthy activity levels
; ^. h3 [/ H4 w& m/ ythroughout the third quarter, as a strong economy helped to maintain demand) }+ C- d& ?& S7 j8 a! k
across the city, causing average house prices to rise moderately. Toronto has2 `! U! N( L9 W  ]
continued to experience modest growth in average house prices, and has been: {. k, r. U* O4 p0 `" B7 v
driven primarily by purchasers who are buying homes as their principle: C! V; `9 ^9 K1 H5 Y
residence, rather than for investment.
& f  {5 _$ m9 h. p$ t# |( G8 Z9 K6 \  Y4 g  ?
    The vibrant Winnipeg housing market continued to show its strength as9 V% Z- S) D) u* {
house prices rose during the third quarter. The booming local economy resulted
$ P! m" g+ ?/ j: M" _1 fin a historically low unemployment rate, helping to bolster consumer# C3 c# R( A) ]' G7 y) Q
confidence and Winnipeg's ranking as the city with the lowest capitalization
- Y7 g8 F) I' S7 M: \/ h, T) H6 lrate among the country's larger cities - helped to encourage buyers to enter* A6 q0 }+ g: P5 N* ]( p4 R6 b' _
the market.
9 f0 r" F' P8 @; g6 {) s/ ~$ J2 z( y& U, I$ p3 r( w1 x3 `& J" K. C/ W# }
    In Regina, the market experienced a slight seasonal slowdown through- j5 g1 V" q% U9 N( G
July, as there were fewer purchasers in the market due to summer vacations. In
1 U! D! N0 m' O, v, z' Y, M1 N# OAugust, activity resumed to the busy pace previously seen in the spring
( R5 q) R( W: k! U4 m% Imonths, as the influx of purchasers made it more difficult to find a home due
0 R6 \# K9 [( [  ?" o7 Jto the shortage of available inventory.; g# p. V0 y0 ~
! I% ]( e6 M$ H" d( w
    Activity in Saskatoon remained brisk as the market maintained its. D  Q7 E$ S8 @3 y. q) b3 k" X- J" t
momentum from the busy spring sales period. The economy in Saskatoon remains
* h2 u# A0 U5 {vibrant, as employment opportunities are abundant with many businesses, w& w9 j8 {; [, b7 O& L8 i
struggling to make hires and having to recruit outside the province.
) Y) c. L/ t% b- p7 B! q" ~3 J$ x. }. L' q
    Calgary's housing market recorded blazing average house price increases
4 e+ G# W; M$ din the third quarter, in all surveyed categories. The burgeoning economy, low
; i1 Y6 d7 J4 m. junemployment rates and low inventory levels remained the leading factors that8 F+ G, ~+ c: u7 o$ k+ ]
pressured Calgary's house prices upwards. However, regardless of the soaring: s# H8 E0 Y5 Z, C
prices that characterized the market - even during the typically slower summer6 k, z( Z3 n6 N
season - it is expected that activity will become slightly more balanced, as* {& I. Y4 r3 i2 J' c- X
buyers are becoming more reluctant to participate in the frenetic activity.

/ x) V8 }7 v8 }" M& G- N
+ B! S. D( p  D( @/ ^    Edmonton's booming local economy continued to thrive in the third quarter, Q, ^; q) Z) E: |
as activity in the oil sands north of the city continued to flourish. Edmonton
) K- i* s) v) y9 wremained the hub of activity for those coming to work in the oil industry,
; M' b& {: A3 omaintaining tight inventory levels across the city, resulting in prices
( f* ~! I3 b0 Q. [5 J0 Gincreasing at record levels. However, as inventory levels continued to improve- d, T% I; _7 V. z+ L4 }( S
in the third quarter the rate of price appreciation should moderate slightly
! W" Y+ X( Y  R* w# {; h$ U: Ctowards the end of 2006.
   
" W8 z. }+ ^9 ~: R0 N# f! R3 N, h( O% ?! |
While Vancouver has seen a slight reprieve from the severe shortage of1 b4 s4 e9 z6 w! j
inventory that had previously characterized the market, supply is still unable- X, e) B+ J& t4 D2 p
to meet demand, driving house prices upwards. Vancouver has a very diverse
3 m' k- ^# Z2 B- ^4 tgroup of active buyers - from first-time home buyers to baby-boomers to1 h, V1 f9 n1 \" N- D" f# e( B$ O
foreign investors - all of whom fuel the demand for houses, placing added
& p% o" g0 K7 h4 S3 Ypressure on tight inventory levels.5 J1 D1 Q3 g, G' n( j  p6 s6 w

. i7 Q3 i6 q1 t# l1 i5 o    Victoria's market is vibrant and supported by strong economic( i& O% W9 \- P% \1 P7 f- _
fundamentals, fuelled by a booming tech sector and a migration of young people# R" Z) \# E  ^8 r' u1 x
into the city that has continued to support the area's house price increases;' [2 w. R+ a; V) x" Q" ?9 t* {
while increased inventory levels have afforded buyers more time when searching
, I& d+ x. M5 E0 pfor a home, helping to normalize the market's pace.
" n4 ^" m4 V; U; N
- G# e1 A' ~1 }+ h$ D2 j( p- ?    <<0 r) W" u1 X0 }7 S
      Survey of Canadian Average House Prices in the Third Quarter 2006
/ ?0 ~4 ^2 }( f5 k  }- O6 C2 k# R& P& N4 v8 P# D. Y* X, ~
    -------------------------------------------------------------------------; B3 M3 U: c7 ?' m9 K
                 Detached Bungalows                Standard Two Storey& }* w  f( E# S/ y9 v( r) L
    -------------------------------------------------------------------------! X/ g, F/ P" X) C* G
                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q34 b7 D: Z9 @4 Q7 `: K
    Market           Average     Average    % Change     Average     Average$ g) b* J" y4 d1 p! ~& V
    -------------------------------------------------------------------------
" g* T; a8 I- C7 d, B6 l    Halifax          186,333     173,333        7.5%     198,667     199,000) g  t& ?1 l4 w# J3 K
    -------------------------------------------------------------------------3 x! x0 N7 h4 _4 Y6 {
    Charlottetown    145,000     141,000        2.8%     175,000     170,000
& V4 g# r5 Z  d0 E* w  d    -------------------------------------------------------------------------
% j, Q* \. m; G( r. s: J/ j    Moncton          135,000     127,000        6.3%     129,000     123,000$ O% x6 y. b/ V% a  V3 R( f
    -------------------------------------------------------------------------0 A2 P* {$ `; m+ @/ P5 J
    Saint John       141,200     142,900       -1.2%           -           -
  i6 P" P8 x0 B    -------------------------------------------------------------------------+ a; ?, i3 L, j* z% p! Z6 r
    St. John's       143,667     142,667        0.7%     200,667     202,3339 B- r) k* V4 V- c/ i
    -------------------------------------------------------------------------
9 n. F7 e4 s5 h+ w# E: ^    Atlantic         150,240     145,380        3.3%     175,833     173,583* z3 |. w) g/ a3 `( y
    -------------------------------------------------------------------------
' Y+ B% y' H8 d  J/ R    Montreal         213,691     203,500        5.0%     321,141     316,185
7 @. N4 x  K- `" f% e; s    -------------------------------------------------------------------------
% h+ \) Z1 e  @3 i* ?/ L- L    Ottawa           290,083     278,417        4.2%     285,667     273,250- Z3 F: P; B1 Y7 g4 k( J! V" d; z
    -------------------------------------------------------------------------3 L5 S* Y7 Y- J. X
    Toronto          373,368     355,882        4.9%     481,523     474,7665 X0 N/ d. f8 A: C7 @8 [
    -------------------------------------------------------------------------
: F4 ?* Y8 n2 a$ F+ G7 E    Winnipeg         181,579     159,860       13.6%     202,337     180,7076 p0 q8 j1 g; x
    -------------------------------------------------------------------------/ x3 F1 \  n' t0 y. G* `* V; W
    Saskatchewan     170,667     156,083        9.3%     182,600     166,5009 G+ k: ]/ D) {
    -------------------------------------------------------------------------
$ n8 C$ E" o. ?( Z: @( U    Calgary          395,067     252,411       56.5%     405,778     264,389
: Q7 A) \  O# q5 ]; k+ Q    -------------------------------------------------------------------------
/ O% W0 m+ u* B) ~7 Q    Edmonton         286,857     194,857       47.2%     316,429     206,714* H$ E; M+ ?+ B: R8 ~( J, k' C
    -------------------------------------------------------------------------3 M0 I& m. _( t) a
    Vancouver        704,250     601,000       17.2%     794,000     697,500  S; H; I( R1 i0 B
    -------------------------------------------------------------------------
" N! u* K2 ^% U1 E9 J0 L4 r    Victoria         375,000     348,000        7.8%     403,000     391,000" _2 g- y0 ?. n" M; }
    -------------------------------------------------------------------------( O. _8 l$ c% {7 h1 W
    National         300,365     258,202       16.3%     365,380     322,860
. q, `4 c6 @5 B5 u# R1 O    -------------------------------------------------------------------------
, [7 ^$ A- h, y" ]" P
& Y+ Z! N7 g! P* K/ Q( A, Z    -------------------------------------------------------------
0 g! }; K3 K  t. R& {( M( g6 C                               Standard Condominium
$ v6 k1 |' U2 Q    -------------------------------------------------------------0 J) w3 c2 z* r9 k7 g. r4 @1 y
                    2-Storey     2006 Q3     2005 Q3       Condo
  |) v, m9 N/ C    Market          % Change     Average     Average    % Change: p. s& r0 S* W& w/ e( e
    -------------------------------------------------------------
) r) \4 \: V# j: Z    Halifax            -0.2%     142,000     103,000       37.9%
: c% T+ Q$ k; W    -------------------------------------------------------------- S+ Q$ [* V7 u7 H- a+ A3 Q3 R/ z
    Charlottetown       2.9%      98,000      98,000        0.0%% v7 ]# J8 c$ o. e. V* b, f6 K
    -------------------------------------------------------------
( p3 A: }4 H$ w( p+ N' R6 L2 \- p    Moncton             4.9%           -           -         N/A
3 n2 U$ f9 J/ E7 H% z  \: m7 x3 `    -------------------------------------------------------------; v5 h8 v9 n* U& G& `
    Saint John           N/A           -           -         N/A
. X" m5 x3 X3 ]    -------------------------------------------------------------8 z# U2 L$ s  x3 H7 B+ \( k  h$ r
    St. John's         -0.8%     146,333     145,667        0.5%
# P* k3 g3 U/ n, f# z1 r    -------------------------------------------------------------- k- j# p. H! {& U6 S+ R. a
    Atlantic            1.3%     128,778     115,556       11.4%
5 c" @5 m- ^1 \4 B# R% b" A* z    -------------------------------------------------------------
: x1 i* s. {- ?5 w# V. J0 j) k0 e    Montreal            1.6%     193,190     188,016        2.8%
8 Z5 F% G, a9 O2 X' b8 B    -------------------------------------------------------------' a  W) h4 a7 i4 F8 r; V, K
    Ottawa              4.5%     181,083     172,250        5.1%
3 ^3 M, S, h+ y" K    -------------------------------------------------------------6 v5 G+ G2 _: L# n
    Toronto             1.4%     252,088     242,918        3.8%
. z' n& N# i5 ?0 {8 e+ A    -------------------------------------------------------------
% |  W( o  h5 `" o" |% k7 h2 l2 O    Winnipeg           12.0%     105,648      96,008       10.0%
- D. B3 Z% o1 v( j4 N' V4 M9 x    -------------------------------------------------------------
3 ?: ]: D2 m  D! W- C* |    Saskatchewan        9.7%     106,250     101,000        5.2%( \! T  k9 r- e. v( r
    -------------------------------------------------------------
% p% ~; U! B2 A$ A% f4 n+ X" S    Calgary            53.5%     245,844     153,867       59.8%
$ H7 J  C" H: B0 Z1 Y  v. _6 j9 h7 M    -------------------------------------------------------------
1 p( s! Q$ |1 J* U    Edmonton           53.1%     200,433     131,500       52.4%
5 n; J# K4 ]- k    -------------------------------------------------------------6 b5 ?9 ~8 h2 T) Y2 v# ]
    Vancouver          13.8%     366,250     323,250       13.3%6 H# _+ M- P  g$ V
    -------------------------------------------------------------+ P6 w- F) V1 c
    Victoria            3.1%     229,000     220,000        4.1%
! z" l, Y" {" S. S+ P$ h    -------------------------------------------------------------3 G5 P7 C2 L1 r' b' S8 \9 O+ {- A
    National           13.2%     211,562     185,296       14.2%- w9 O& C: B3 J' C" b' T
    -------------------------------------------------------------
5 [! ?. `) ?4 Z; g% }' Y    >>% C4 O' m3 B: q3 ]

' Y0 q! x% F9 s    Average house prices are based on an average of all sub-markets examined
4 @! B4 }! j4 t* }in the area, except for the smaller markets of Charlottetown, Moncton, Saint
! {# i/ ?3 i, k7 `, [- M' G1 j6 `John and Victoria.* `' N8 \! h; e! Y
) |3 {( o' I, a; t7 j5 j5 D
    The Royal LePage Survey of Canadian House Prices is the largest, most% U0 Y2 x6 ?6 E3 L  k
comprehensive study of its kind in Canada, with information on seven types of( n! W; U/ |: B4 W! T' k5 u! e0 z) V
housing in over 250 neighbourhoods from coast to coast. This release
/ F2 Y5 F/ \: |9 i  v7 N7 H5 z$ }references an abbreviated version of the survey, which highlights house price
/ M/ s& e& I6 p5 S1 }6 J9 F* B$ Ctrends for the three most common types of housing in Canada in 80 communities
) V* Q6 e6 ^& Q( z& i! l7 Bacross the country. A complete database of past and present surveys is5 m- P& o& a+ Y  A1 z) ^
available on the Royal LePage Web site at www.royallepage.ca, and current% U( _1 a* t2 Y' m* n
figures will be updated following the end of the third quarter. A printable4 p' o$ R8 G' @* [) T6 L, `
version of the third quarter 2006 survey will be available online on
9 v- P6 }, e% N& i- CNovember 15, 2006.
. i2 f3 y$ t9 ~! ^    Housing values in the Royal LePage Survey are Royal LePage opinions of5 u' y# G, o0 D/ w# c* J- T" W
fair market value in each location, based on local data and market knowledge
2 k; |5 ~1 w3 l1 m; s, W2 b4 Lprovided by Royal LePage residential real estate experts. Historical data is
" Y$ N4 b- D$ Favailable for some areas back to the early 1970s.
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