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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 - ?2 ]4 E$ h- y: n6 d$ z+ I4 I
3 [1 `+ A. L- N/ _, E/ K
- Country's market poised to show growth throughout 2006 -2 x+ r, \+ p( n

9 j7 y" I" B/ r    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market
. C: d$ P6 M) u3 x) ~exhibited moderate price increases and stable unit sales during the third( y, J! O. j# h  [, e
quarter. Wide regional variances continued to be the dominant characteristic
0 r# F; e+ y" Q% win the market, exemplified by frenzied levels of activity and double digit
& t/ B1 X0 z* Q' V! uprice gains observed in the energy and commodity rich Western provinces, and
+ @4 L% j9 i, ^2 c' Kmore reasonable sales volumes and moderate price appreciation in Ontario,
# r5 v6 v3 k! sQuebec and Atlantic Canada, according to a report released today by Royal
1 q  u! h$ h' Y6 h) u$ F2 _LePage Real Estate Services.
3 W5 [* ~1 D' b0 U$ ^6 S
! H2 Q  N# Y2 Y& M    Nationally, market trends established through the first three quarters! F5 \3 e6 S" L& N* ?; s  U& ^
are forecast to continue for the remainder of the year. Robust economic
& O. Q; Q. ?' Z' cconditions, low unemployment rates, modestly growing salaries and wages, and# w% _8 T$ E. [
sound consumer confidence contributed to the overall strength of the
+ D# V" Y9 J/ G' presidential real estate sector.
* ^; [$ v9 G( ]/ c0 X& n) i- }( i
    Of the housing types surveyed, the highest average price appreciation
: y) B, X0 H. m" C9 p+ {( Loccurred in detached bungalows, which rose to $300,365 (+16.3%)$ X! k0 l. U5 R
year-over-year, followed by standard condominiums, which rose to $211,562
- e9 ?* y! a3 L' ]& A, e' ~6 }(+14.2%), and standard two-storey properties, which increased to $365,380
2 o" s( i0 v6 h0 }7 p(+13.2%).- S& X0 T8 C4 @5 i4 ~, R6 k3 N& h

) c9 A& d: K5 |$ p* H/ ?    "Canada's sturdy housing market continued to demonstrate steady growth- O& _2 a+ E2 N) j
during the third quarter. For all but the west, we have moved on from the
4 ]/ f3 {6 G' {. kfrenzied expansion that characterized the first half of this decade, and are4 n. P  I8 @2 H. C' D
poised to show continued growth at a more moderate pace," said Phil Soper,5 z0 t4 @* g$ R5 @: o5 x5 m! F
president and chief executive officer, Royal LePage Real Estate Services.
6 p% h% C6 O" O7 m"Gone is the sellers' market that we have lived with for some years. We1 R. K1 x! l) _" }2 q8 z
welcome the more reliable conditions that are characteristic of a healthy- ?% m1 T/ C2 a1 r6 Q5 @# j. d& s
balanced market."
: z( Y; k: F0 ?* R" v5 a. m; l( E
    Despite the double-digit rise in average national house prices,
% q& w5 ^5 S4 x. jconsiderable regional variances were exhibited again this quarter. The shift
: R2 C0 e' \, X+ S( Y' t+ [to balanced market conditions, which began in late 2005, has continued( X6 M+ j: k5 ^# P. ~" I
throughout most of the Central and Eastern regions of the country. In the core' K9 ?2 F5 A. o; _& j; t
energy producing western provinces, the combination of very high in-migration,
' \8 y7 P& E2 [manageable affordability, and a shortage of inventory has driven record
: Z# \3 |4 c3 Y2 L& |! c6 Zbreaking price appreciations.) j5 @2 y( H. g$ e+ B5 m; x) _

3 U8 M# P+ s$ B( _+ v0 R    Echoing the second quarter and supported by Alberta's rapidly expanding! H2 N2 j0 }& P; z! c
economy, Calgary and Edmonton led the charge of Canadian cities with the% i  |* Z! {8 N0 I* M( s
largest house price appreciation in all housing types surveyed.
/ @5 i* J7 V2 v4 E% g- n9 B4 q4 L- G2 @4 j& h, E
    In Ottawa and Toronto, growth remained steady, supported by solid/ x- G3 B; c8 ^; d! H0 t
economic fundamentals, an increase in available inventory and strong consumer3 `. {9 D/ [+ g# _, d$ g
confidence. While the pace of price appreciation in Ontario leveled off
+ C$ s6 ^+ Q9 E9 Vslightly, the province's real estate market remains poised for modest growth.
) j; |7 g/ B4 UIn Atlantic Canada, new housing and condominium construction offered buyers  J1 H7 P. T  y. Q
greater selection at more competitive prices, resulting in a slower rate of
+ v2 {: g0 `9 h; Hprice appreciation when compared with 2005.
5 \" J, o! i' K/ E- V/ B
0 u  Y: f" A, F& ^$ f    While the pace of growth in Canada has slowed, the domestic housing
4 Z- v  m- C5 V- h2 j5 gmarket is expected to outperform the American market. The economic and  k) W5 o  m; d1 ~  i) p
financial fundamentals driving the residential real estate sector in Canada
* A0 i( d& m, r4 I: k! eare markedly different than those found in the United States.
; x* e/ M8 t9 M: w) o7 r, L: {- T! ~1 Z1 ]
    Added Soper: "Canada's housing market is likely to outperform the
% d! K$ b5 }. y- J/ JAmerican market through 2007. A number of factors are working in Canada's
0 S/ H0 e! ~0 x) ~& i( K( c4 ~( [favour, including healthy personal and governmental debt levels, the
, p- T) q8 M) nrelatively modest rise in interest rates in our country, and general
) v7 w3 X" d& f. V7 U* d; a5 T1 i& Iaffordability in our major cities. In addition, Americans are now seeing the
& w+ k  j0 f- m& a( ^# Ydownside of a tax system that encourages maximum homeowner leverage, and1 \  L; A- ^# x9 H
aggressive financial products such as zero- and negative-amortization' o) ^' ?5 m8 Q1 o
mortgages that work only in a high price growth environment."" Z% [- G8 t! }* M/ `

) P, W) u6 F  R: K    <<# T8 S0 w" x: O8 i8 H
                             REGIONAL SUMMARIES
4 P8 E" h2 d' Z5 m0 d7 _) O  A    >># O5 a* F4 i8 C7 l" G7 |- \

5 B7 _1 I9 x5 l: w% R    Balanced conditions continued to characterize the housing market in3 }/ c# i) s' c
Halifax, as significantly higher inventory levels helped to moderate the rate
4 E' ^2 U3 P& }% G4 P7 L, S! W4 aof price appreciation. Buyers were increasingly choosy, taking more time( `% {6 b. l- ~5 b( j2 W7 j4 i) I
looking for newer, low-maintenance properties that were not in need of
5 f% H: S6 S+ P' x1 B1 {; f+ Brenovations.
4 |7 U( L7 S4 @4 n# h; ?/ G' B( q2 [4 ^
    The housing market in Moncton remained healthy and strong as a slight
# s2 {, c5 f% bincrease in inventory helped to moderate the rate of price appreciation- A' X1 l( M7 Q
compared to the same period in 2005. Activity was brisk throughout August and$ g" d- U1 d& q( Q8 {$ ^8 R
September and is expected to remain this way through the fourth quarter., M; G) S% G* d$ k, t( f" [: @1 c

9 R, c7 i2 B$ h* \5 g5 ^: n4 B    The housing market in Saint John underwent its traditional summer
7 c# S& N$ k: `  `2 n4 Jslowdown in the third quarter, with activity picking up towards the end of the
, G# n! R; G( z. bquarter. The local economy continued to thrive, as construction on a new' F: s2 B  s" B: u9 z) M" A1 e
600,000 square-foot shopping area has begun, bringing several new box stores1 e# Q: [5 ?/ F! a7 s: H
to the area. Buyers have begun seeking less expensive fixtures for their homes9 S9 x9 J0 S+ z% H9 Z, [
and are instead opting for more affordable housing options.
; f5 W% k/ v+ P. M! h0 E& h+ }, @4 h+ t+ _$ U% I5 D& k! A
    In Charlottetown, the housing market started to move towards balanced
9 X7 T; @6 D  _! Rconditions, as some sellers had to begin to lower the asking prices on their; c; q, |" R0 M: W9 J; m
homes to make them more competitive. Activity from out-of-town and US buyers
0 ^8 K* M, b0 Fwas down slightly compared to 2005, likely attributable to the strong Canadian5 j$ X. h( \# Z5 A
dollar. Inventory levels began to creep up in the third quarter, providing
$ z/ d. e+ S. E& C5 T- Kbuyers with more options when looking for a home.7 y' E- j. [0 H  O0 B

7 [4 P6 v; X6 X+ [/ q    Activity in St. John's slowed slightly in the third quarter, particularly
+ [$ D1 m, q: T6 kamong higher-priced properties, where there was a slight over-supply of homes& h& j& L6 n& ?5 v$ V$ U4 n# m
priced over $200,000. Listing periods have increased when compared with 2005,5 F. r4 P3 k; M  M% t6 t
as some of the pent-up demand that had characterized the market over the last
; i7 u8 T# i# g3 R! C% gfew years has been satisfied, resulting in more normal, balanced conditions.
3 H/ ^  {8 t. I8 i) j  g( H
" W5 U% G; W$ X7 T# l# Y) p    Montreal's housing market recorded modest increases in average house
3 h" W, {( D  p5 c0 p" Gprices, due to a slight seasonal slowdown in the third quarter as inventory
2 n. I9 |, d; R+ ]* X1 c+ Dlevels rose. Part of this can be attributed to the fact that many renting
! `% e$ q2 s2 n8 D* Kfirst-time buyers were motivated to close on the purchase of a home by July 1,* q( s' A- _% d$ f* X2 F3 C, O
when rental leases expire in Quebec. Once this date has passed some of the
2 E! C0 B1 K+ h# ?pressure is taken off the market, allowing buyers to visit more homes before* H# s5 c* F# m
making a purchase.' P+ w9 X/ Z8 w, M5 M* f

: b. Z; D/ H% @) f; T    Ottawa held its position as one of the country's most stable housing
; a0 J2 D* K; o$ c7 c9 {! Mmarkets in the third quarter, reinforced by a vibrant local economy and strong
  |% M; G" c9 i3 O5 |confidence, resulting in modest increases in average house prices. The city5 H0 [/ _: H4 e: ^& q$ p
centre remained a bright spot in Ottawa, with homes in this area attracting
1 d3 y  U7 b" z9 s- H. Yattention due to their convenient location and proximity to downtown
$ t6 C  x4 R( D2 camenities.
9 e) t; i1 Q$ j6 F$ @3 Z# U& G9 `! N% U* s0 ~
    The housing market in Toronto sustained healthy activity levels
: ^; Q  l% W( O& K; V! @throughout the third quarter, as a strong economy helped to maintain demand
1 L9 e. N8 s" q0 v% M# U  ~6 y3 [across the city, causing average house prices to rise moderately. Toronto has
  H; }9 W% x- C* qcontinued to experience modest growth in average house prices, and has been+ Z6 c- U$ v7 ?3 f6 w* L
driven primarily by purchasers who are buying homes as their principle) x! R/ t1 \8 U
residence, rather than for investment.
" q. X: C, G1 l$ W, c4 J, u: a& b# h6 a2 K1 ]' V& n$ s
    The vibrant Winnipeg housing market continued to show its strength as: X  \: ]$ E. q4 {  x- D* z, \0 N
house prices rose during the third quarter. The booming local economy resulted' E, r4 @* |5 X3 p- _4 c
in a historically low unemployment rate, helping to bolster consumer
9 {7 j+ k  G* P% |4 H/ y! H1 ?confidence and Winnipeg's ranking as the city with the lowest capitalization
( i" N* b1 Q1 b; J( }. qrate among the country's larger cities - helped to encourage buyers to enter, l$ E3 l9 [* E0 {  P% Z& M# q
the market.1 B4 k  T4 f( I. o) ~- W

$ m. O& \7 O$ H* }5 V$ y    In Regina, the market experienced a slight seasonal slowdown through
. W; P5 k8 \: k) I% d6 tJuly, as there were fewer purchasers in the market due to summer vacations. In1 S& y* B% ?# W; J
August, activity resumed to the busy pace previously seen in the spring
7 g6 H- y; [& O1 \& U, C& c" omonths, as the influx of purchasers made it more difficult to find a home due" G7 z4 z& X% H7 c
to the shortage of available inventory.
$ Y4 e7 V& b1 S8 F* }3 T$ S$ x3 p5 ?$ j5 J& B2 R
    Activity in Saskatoon remained brisk as the market maintained its1 J' Y6 Y9 G4 K; N/ ]6 C$ s
momentum from the busy spring sales period. The economy in Saskatoon remains
9 q$ T/ C; h3 l/ k" a3 qvibrant, as employment opportunities are abundant with many businesses$ z$ |9 Y3 p/ \7 _% b& l2 u( D
struggling to make hires and having to recruit outside the province.! l( }. }0 O1 B; g3 J# J# \! G6 Y

3 a1 N% ~: i0 K& K9 ?    Calgary's housing market recorded blazing average house price increases
3 ?  H( W  [2 W* I* d7 l8 kin the third quarter, in all surveyed categories. The burgeoning economy, low
7 [9 v. t* s7 Z  K7 x- Sunemployment rates and low inventory levels remained the leading factors that5 y5 ~) z% J( A& B- i, l1 Z
pressured Calgary's house prices upwards. However, regardless of the soaring
. l) Q; k, N; X" K5 `prices that characterized the market - even during the typically slower summer( @$ w. |; F9 y/ u
season - it is expected that activity will become slightly more balanced, as' N2 |: e% h& R/ ?4 B
buyers are becoming more reluctant to participate in the frenetic activity.

# b* B8 P& e4 q- V  b
. P. u& H: C, R0 @8 G5 f+ Z! s    Edmonton's booming local economy continued to thrive in the third quarter
1 Y* A0 v0 s  b! T' g7 Das activity in the oil sands north of the city continued to flourish. Edmonton
1 _: t8 q% ]4 m& ^0 \remained the hub of activity for those coming to work in the oil industry,
" H5 v4 I) l4 Xmaintaining tight inventory levels across the city, resulting in prices
( K0 v! a5 z; z0 F3 e7 r  jincreasing at record levels. However, as inventory levels continued to improve
7 ~, V! e' K! S  }/ Z( l# H3 cin the third quarter the rate of price appreciation should moderate slightly" E, z& b: I, N1 y4 j4 w
towards the end of 2006.
    4 z* Z% M( g/ y: J, {

+ b0 {- f2 ]/ V. u/ |& t7 t$ GWhile Vancouver has seen a slight reprieve from the severe shortage of
: i$ D" @% k3 M, z1 H& J% ~" [inventory that had previously characterized the market, supply is still unable
, }& {! w& p; _to meet demand, driving house prices upwards. Vancouver has a very diverse8 q# \3 [2 d6 S
group of active buyers - from first-time home buyers to baby-boomers to
1 m  Y: O8 w$ ?8 d& C8 G8 fforeign investors - all of whom fuel the demand for houses, placing added
( M( m! m: ]) x! mpressure on tight inventory levels.: `8 c+ t6 E5 ~: m( n+ l) ^# o
  z9 _* X* Z  e  [* H; |" Q* O0 t
    Victoria's market is vibrant and supported by strong economic" M/ f' N) p7 g" ?5 t9 g% w
fundamentals, fuelled by a booming tech sector and a migration of young people
. v( k' |' v+ d* ~% f1 _# linto the city that has continued to support the area's house price increases;
' f% o2 p4 B) I. e  Zwhile increased inventory levels have afforded buyers more time when searching" Z) x$ ~- K, ~6 ~* N
for a home, helping to normalize the market's pace.
1 i$ I, n2 o3 l" S, N/ B0 b& N2 i2 V9 L# ]" c
    <<
/ H% R! R% Q% X  C& F( F      Survey of Canadian Average House Prices in the Third Quarter 2006
) x2 Q2 Z0 q: `6 C( L3 w( i/ J- p0 q$ G: ?$ H
    -------------------------------------------------------------------------
" j2 j2 D1 m2 V4 w6 e1 O8 s0 v) \                 Detached Bungalows                Standard Two Storey% s4 U1 J7 ^  p$ \  t  N/ k
    -------------------------------------------------------------------------
) Z4 M3 B( a% D% U                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q3+ V1 E, s6 o* }2 ~! n
    Market           Average     Average    % Change     Average     Average5 H# X. l! d- @1 a3 d1 U) ?# f& X
    -------------------------------------------------------------------------
. S6 G' X& B2 Y( n4 X9 t8 b: O    Halifax          186,333     173,333        7.5%     198,667     199,0006 J% L& @7 t$ ~
    -------------------------------------------------------------------------  v4 M. E* L2 K+ N
    Charlottetown    145,000     141,000        2.8%     175,000     170,0008 ~: S  [/ ]# E' h/ o* V
    -------------------------------------------------------------------------8 l. m% M0 h3 L. C% ~! n8 d+ A5 W
    Moncton          135,000     127,000        6.3%     129,000     123,000+ N7 Z" x5 M" U1 _1 q5 N, @
    -------------------------------------------------------------------------
: M; s; c- {% z8 R  m6 m    Saint John       141,200     142,900       -1.2%           -           -
! R! I  l; X$ ^4 ^    -------------------------------------------------------------------------9 q: \5 C$ L. G3 M- E" o  ^
    St. John's       143,667     142,667        0.7%     200,667     202,333, j& M& j9 N/ b" p
    -------------------------------------------------------------------------) g0 T4 y* D+ S1 Z' b: }+ D
    Atlantic         150,240     145,380        3.3%     175,833     173,583
! u3 \, t6 e7 }4 o* J& m. Y    -------------------------------------------------------------------------: `* Z! Q* v0 w$ w; H
    Montreal         213,691     203,500        5.0%     321,141     316,185: D% e$ w2 v% F- a  G4 ^
    -------------------------------------------------------------------------
& }5 ?2 O$ U9 e6 e5 E    Ottawa           290,083     278,417        4.2%     285,667     273,250+ p  O. C; T7 X! L9 r4 Q. e$ p8 H3 h
    -------------------------------------------------------------------------/ b9 V1 }' L0 M! S/ _2 N
    Toronto          373,368     355,882        4.9%     481,523     474,766
! J0 Z: m5 M1 ?1 ^$ q    -------------------------------------------------------------------------
5 N% f+ x% W! R8 p    Winnipeg         181,579     159,860       13.6%     202,337     180,707
( H& K( H6 p! h) J; ~    -------------------------------------------------------------------------
* y/ C1 N1 Z! q2 P" {7 p5 t7 T    Saskatchewan     170,667     156,083        9.3%     182,600     166,5006 o" n8 l  O( o! s" g
    -------------------------------------------------------------------------
( s  Z, M( M. k( A    Calgary          395,067     252,411       56.5%     405,778     264,3895 x! p$ E, G' x$ J
    -------------------------------------------------------------------------. [; B  _0 b0 k: a; I8 F! q, m
    Edmonton         286,857     194,857       47.2%     316,429     206,7148 h" m' {7 f: E
    -------------------------------------------------------------------------
* j1 T+ Y+ x5 u, I    Vancouver        704,250     601,000       17.2%     794,000     697,500* v7 ?9 M+ w+ b' ?/ M1 ?
    -------------------------------------------------------------------------, y) j+ d; K2 O( X$ X
    Victoria         375,000     348,000        7.8%     403,000     391,000
; V: e5 H; I* _2 e2 r$ M  f    -------------------------------------------------------------------------7 M/ {5 b7 p5 E2 C* s; N- ~4 u
    National         300,365     258,202       16.3%     365,380     322,860
3 B  \7 p, B5 L' _    -------------------------------------------------------------------------: D8 e1 b6 ^- v" n" R9 X
0 L+ ^# c' J% ~( F
    -------------------------------------------------------------* K! `4 M+ }8 R* P
                               Standard Condominium
- C" O+ [, k: ~, x# _1 d! @. R; T    -------------------------------------------------------------
$ D. S- \" r! b$ s% }6 L                    2-Storey     2006 Q3     2005 Q3       Condo
( H- E$ H0 j8 Z+ L  Z% j    Market          % Change     Average     Average    % Change
/ t0 B8 G, ?) i" f# k    -------------------------------------------------------------5 [4 r/ L1 c0 u5 D5 Y7 z
    Halifax            -0.2%     142,000     103,000       37.9%  k4 g* ]" W7 T) _
    -------------------------------------------------------------+ r1 k, f* g, J' q5 J
    Charlottetown       2.9%      98,000      98,000        0.0%# K0 [. v) s/ B
    -------------------------------------------------------------: o+ p& y" P% k4 H
    Moncton             4.9%           -           -         N/A% G8 J' r8 G) A% P4 a$ n2 z4 ~
    -------------------------------------------------------------
. |- O; J( x. O4 ~    Saint John           N/A           -           -         N/A- V/ |4 M- t2 x: x2 R
    -------------------------------------------------------------7 L/ F1 C, _5 W2 n* q
    St. John's         -0.8%     146,333     145,667        0.5%7 N  |& j8 S1 ~* G* x
    -------------------------------------------------------------+ y" n7 i  [8 y! ^* J0 X
    Atlantic            1.3%     128,778     115,556       11.4%
/ B, G) o( n* `: f$ ^9 L    -------------------------------------------------------------
0 \0 Y9 a6 o  S- j/ K/ R    Montreal            1.6%     193,190     188,016        2.8%: H$ n' H7 F$ e/ P, z. Y
    -------------------------------------------------------------1 G+ ]! Q0 R0 |" ^' A1 b
    Ottawa              4.5%     181,083     172,250        5.1%
; R4 E7 q( \" J    -------------------------------------------------------------
, M! r+ n# R- z- l0 p3 O- ~    Toronto             1.4%     252,088     242,918        3.8%
( N9 j3 ^$ ^2 b    -------------------------------------------------------------
( u* A$ K6 A$ y8 O  Y4 ?    Winnipeg           12.0%     105,648      96,008       10.0%
# Z' N  N4 z' q6 U) _* B5 I    -------------------------------------------------------------$ r5 A5 w  v( v9 f8 M' \& l" h6 X
    Saskatchewan        9.7%     106,250     101,000        5.2%( r6 P8 V; d% c+ B" r* d) g! ~3 I
    -------------------------------------------------------------# F& ]4 T) C) @" r  T+ r
    Calgary            53.5%     245,844     153,867       59.8%2 u$ Q6 [/ i3 W
    -------------------------------------------------------------
4 a) D, I4 t" L3 @0 `    Edmonton           53.1%     200,433     131,500       52.4%
& n1 M0 j( P* v9 L    -------------------------------------------------------------  Q+ K6 e: E3 i& f
    Vancouver          13.8%     366,250     323,250       13.3%! ~4 A0 x8 V2 P
    -------------------------------------------------------------
' [5 o+ _# F$ p3 _( n. Q    Victoria            3.1%     229,000     220,000        4.1%' J) Z" O3 K' }- |
    -------------------------------------------------------------# N; M4 m- k- R/ z
    National           13.2%     211,562     185,296       14.2%. r5 C% Y; |" q/ N: O4 n% _6 a3 F8 z
    -------------------------------------------------------------. P% U1 N$ A, {
    >>: b0 q+ A! Z4 l4 C9 w7 |9 w

: p) s' h2 r- }    Average house prices are based on an average of all sub-markets examined
2 }" z# d' f6 s, A- m  ^# b0 ]( pin the area, except for the smaller markets of Charlottetown, Moncton, Saint
! `* p1 F' i+ Z) OJohn and Victoria./ h: ?$ j) K& U" {/ K, }
% F% B- m& {  F( q$ K- ^) o
    The Royal LePage Survey of Canadian House Prices is the largest, most+ J( l$ G5 ~& Y" D
comprehensive study of its kind in Canada, with information on seven types of
3 `9 z+ R- L1 l8 ]4 f3 shousing in over 250 neighbourhoods from coast to coast. This release2 @5 F2 Z, Q* ?  k! _5 \0 [1 J
references an abbreviated version of the survey, which highlights house price3 }; C  z( u: d' a1 A+ Y
trends for the three most common types of housing in Canada in 80 communities
$ C1 g& a6 r# J& kacross the country. A complete database of past and present surveys is( o3 M! T% @+ Q+ B
available on the Royal LePage Web site at www.royallepage.ca, and current
4 p" g2 d) n) c% k& G* Vfigures will be updated following the end of the third quarter. A printable
3 P# C8 ]) z# T: G6 H8 K  p) Cversion of the third quarter 2006 survey will be available online on* J1 ]0 d0 ^4 P
November 15, 2006.
5 N5 w  g4 [! M5 k+ S, C    Housing values in the Royal LePage Survey are Royal LePage opinions of" ~) \( o' l3 ]- j; Z- M$ b
fair market value in each location, based on local data and market knowledge
7 d9 z- T. A* G& a# Vprovided by Royal LePage residential real estate experts. Historical data is/ S' m" p) M# }# v
available for some areas back to the early 1970s.
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