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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 7 \; I# D6 x5 F, r2 G# i+ Y

- ^0 I9 `4 Z1 ^' z; X- Country's market poised to show growth throughout 2006 -/ G: E' }& m  Y1 \; H/ ?( j; V+ y
8 u, C6 @$ C5 p
    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market
! d; w2 T: A, [& s" Nexhibited moderate price increases and stable unit sales during the third& ]+ x/ D: d' `4 f" M
quarter. Wide regional variances continued to be the dominant characteristic
/ U: i+ Z# R% a7 k0 r7 Uin the market, exemplified by frenzied levels of activity and double digit
& D. E! t8 P3 x" |price gains observed in the energy and commodity rich Western provinces, and3 N' ^$ b$ `4 C% P
more reasonable sales volumes and moderate price appreciation in Ontario,- o# c0 @5 o6 k  L3 e: U3 Y
Quebec and Atlantic Canada, according to a report released today by Royal
! b* E( P, S3 v! A% o% {" D6 i4 tLePage Real Estate Services.
: O6 ^: ]  Y5 w0 d9 ?  F( e; {) W2 X: a; Q- e! a
    Nationally, market trends established through the first three quarters
! z8 F: a( T, }3 @are forecast to continue for the remainder of the year. Robust economic
* B, F, }7 D* V  g/ b6 y2 E7 econditions, low unemployment rates, modestly growing salaries and wages, and
! k( n6 K! }1 b# g! A5 K+ P3 usound consumer confidence contributed to the overall strength of the
; B* F" a! L" q7 D& |residential real estate sector.
" e* }6 ^* U, u$ m! p" [" A0 [: T) N
" M& ?# h; O/ E/ z    Of the housing types surveyed, the highest average price appreciation- y% ~( L. P5 z& j
occurred in detached bungalows, which rose to $300,365 (+16.3%)
  z+ [" `' U3 [) W4 T; nyear-over-year, followed by standard condominiums, which rose to $211,562
) Q8 r. i6 h. ]: L9 s4 q(+14.2%), and standard two-storey properties, which increased to $365,380
% f0 h8 K2 T) i(+13.2%).( O# m; c6 H. M! Q& M( B: O
- @* M3 p3 v' W1 h+ W" K
    "Canada's sturdy housing market continued to demonstrate steady growth8 R  K3 `2 q# q9 o' Q/ E
during the third quarter. For all but the west, we have moved on from the7 ^1 l: A) m- |& f7 ?! R5 I
frenzied expansion that characterized the first half of this decade, and are
/ y3 y) B0 p" V7 i0 ]) e! i; Cpoised to show continued growth at a more moderate pace," said Phil Soper,
) |" ~; o" x. q; Cpresident and chief executive officer, Royal LePage Real Estate Services.# L* J" b+ V4 g. y' S5 S
"Gone is the sellers' market that we have lived with for some years. We) P6 H" d: Y! C- m* j
welcome the more reliable conditions that are characteristic of a healthy5 w- W  S' B7 b+ l' ]
balanced market."
# D2 @/ N1 @/ F' U5 S
. N/ i' i1 ]0 J" y    Despite the double-digit rise in average national house prices,
0 Z  |, t' n0 ~4 Vconsiderable regional variances were exhibited again this quarter. The shift
1 o/ N7 ]/ c. \+ y( Dto balanced market conditions, which began in late 2005, has continued4 ?' z8 g7 \9 F& k6 r& X( E
throughout most of the Central and Eastern regions of the country. In the core* h8 ^0 l1 y5 A; s. w) Q5 V
energy producing western provinces, the combination of very high in-migration,( D) Y/ g9 C9 ~9 e6 `
manageable affordability, and a shortage of inventory has driven record9 ~% P( l" P* G+ l( K
breaking price appreciations.
) J4 Z- H. S) Q* {1 [" H5 x
; N1 F% L" _) o/ H( p1 U    Echoing the second quarter and supported by Alberta's rapidly expanding
" \! a6 y. t5 N8 v8 E/ Keconomy, Calgary and Edmonton led the charge of Canadian cities with the8 d: A* ]- ~5 K3 c! ?0 C
largest house price appreciation in all housing types surveyed.
# A/ c- x# x8 r% C2 _/ B% {7 ^
$ \6 P; H4 \8 E1 P" I    In Ottawa and Toronto, growth remained steady, supported by solid
: i' Q5 v& F- I  l7 V& M0 Eeconomic fundamentals, an increase in available inventory and strong consumer
/ P* K% v" x/ J9 k) rconfidence. While the pace of price appreciation in Ontario leveled off
( V/ d6 m0 t5 I! T; Rslightly, the province's real estate market remains poised for modest growth.
, x8 B( t6 J0 x5 p- `4 _5 \4 ~/ bIn Atlantic Canada, new housing and condominium construction offered buyers, Y- E0 S: k. b/ K- |! B* O
greater selection at more competitive prices, resulting in a slower rate of, ^4 K* F8 S1 t6 N
price appreciation when compared with 2005.
. B! n$ L$ R: R) Y0 l+ ?4 l2 p! T
- ]8 u4 l  C+ P- O& n( H% e* P    While the pace of growth in Canada has slowed, the domestic housing
: k/ g9 _. n9 k1 o& tmarket is expected to outperform the American market. The economic and, L. w5 R3 J2 H2 y, |
financial fundamentals driving the residential real estate sector in Canada+ u# U) |$ B( R
are markedly different than those found in the United States.6 \0 W6 F3 ]9 G

, I  O- R/ W2 c5 ]' `5 S' I% A    Added Soper: "Canada's housing market is likely to outperform the
) z* D3 t$ O+ vAmerican market through 2007. A number of factors are working in Canada's
; e0 J' J- b$ s+ Q6 B$ j. T) Afavour, including healthy personal and governmental debt levels, the
+ E' J2 V% V" a2 f; K- o& B8 }7 @3 Krelatively modest rise in interest rates in our country, and general% x8 R  O, c& S; d+ j* X( z
affordability in our major cities. In addition, Americans are now seeing the
5 D! y( `' e4 Y1 wdownside of a tax system that encourages maximum homeowner leverage, and
: \4 b7 t, w! z% m7 q4 f. |aggressive financial products such as zero- and negative-amortization
: j2 s4 @. o9 G2 Z6 E% p. s3 @mortgages that work only in a high price growth environment."9 F, U: }9 q' B8 c

; u+ v  Q) e  X4 r- E9 H  \$ \- t    <<
7 ?3 \2 I7 p( N8 v# R+ j; v                             REGIONAL SUMMARIES5 u$ w0 C) m8 I4 P9 o. l; J
    >>
* F+ [& c3 m7 [& V
7 H) u! y4 D- |  |- q; \6 Z    Balanced conditions continued to characterize the housing market in
9 _8 t) x$ V) {: X, i9 w' [( XHalifax, as significantly higher inventory levels helped to moderate the rate6 f# G6 W$ H( F: Q0 G
of price appreciation. Buyers were increasingly choosy, taking more time# v, B) z: }/ l' W
looking for newer, low-maintenance properties that were not in need of
$ ~! ]; b3 o) J3 Z, _renovations.% {( V' G$ [+ j

2 @. w# J9 R" x8 I3 ?    The housing market in Moncton remained healthy and strong as a slight- S# C. Y/ C+ z5 q) @: x1 O
increase in inventory helped to moderate the rate of price appreciation
9 _" y5 ~, r/ scompared to the same period in 2005. Activity was brisk throughout August and* z  p- l3 V% u4 ]/ j0 g) D0 \+ V
September and is expected to remain this way through the fourth quarter.
; }2 A/ g% U6 [2 Z1 P' w2 }$ g& t( I0 T" d# ^
    The housing market in Saint John underwent its traditional summer6 ]6 v9 _9 m* k
slowdown in the third quarter, with activity picking up towards the end of the9 u( T8 l5 E# _4 b2 G) U4 B
quarter. The local economy continued to thrive, as construction on a new
' i. J6 @. i" M600,000 square-foot shopping area has begun, bringing several new box stores
2 U3 t0 O. P9 t, [0 vto the area. Buyers have begun seeking less expensive fixtures for their homes! R0 u5 s( h/ J6 t
and are instead opting for more affordable housing options.. G8 M# H* M6 l! c
8 U  X- J/ X+ }1 Y
    In Charlottetown, the housing market started to move towards balanced
% Y- z% M( x# X; a1 h- {conditions, as some sellers had to begin to lower the asking prices on their
( n8 m$ `& q$ e9 Y+ x$ ~% Ehomes to make them more competitive. Activity from out-of-town and US buyers/ I6 D! _- q$ S+ R- [' F9 K
was down slightly compared to 2005, likely attributable to the strong Canadian# H  M' F7 L1 J" C/ e) d
dollar. Inventory levels began to creep up in the third quarter, providing  o: r/ l, M: c
buyers with more options when looking for a home.: b+ M% e8 H; L- h
4 k0 Y& ^# s. P. P' F# @( O% \5 G
    Activity in St. John's slowed slightly in the third quarter, particularly8 q. K" e: P& p
among higher-priced properties, where there was a slight over-supply of homes
& y8 @3 I/ C$ }, `6 }* d' Npriced over $200,000. Listing periods have increased when compared with 2005,
. d# B8 C8 V- {5 X: l; c1 W% H2 las some of the pent-up demand that had characterized the market over the last
1 ^9 |+ W$ e1 A" c- a3 }3 E; @few years has been satisfied, resulting in more normal, balanced conditions.
6 C5 K" p' I& P; P  @" o" t" U  S% Q  Q: ~2 }/ ?* y8 q- X3 k5 n" {- N
    Montreal's housing market recorded modest increases in average house
/ J7 P  O2 V5 Z8 k" \& Nprices, due to a slight seasonal slowdown in the third quarter as inventory
: B8 U+ v' y( p9 y' ~levels rose. Part of this can be attributed to the fact that many renting
0 b, a  b; E  S8 e+ ~first-time buyers were motivated to close on the purchase of a home by July 1,
# Y* t" z+ Q( D$ n  fwhen rental leases expire in Quebec. Once this date has passed some of the
6 A' _* B6 c. Z' Dpressure is taken off the market, allowing buyers to visit more homes before
: V8 l: H' K1 z) Y( bmaking a purchase.; j  c5 ^6 W9 _, ]: n5 M+ r0 S5 n
- h7 c4 B6 v7 k, u
    Ottawa held its position as one of the country's most stable housing! Q' c1 h8 O* G0 w" t8 I5 k
markets in the third quarter, reinforced by a vibrant local economy and strong) }; V. I( P, I* m
confidence, resulting in modest increases in average house prices. The city3 S6 M: I- S& @- N- n$ `$ ]0 V
centre remained a bright spot in Ottawa, with homes in this area attracting( C" ^) p/ W0 p- P$ O4 S, T  D
attention due to their convenient location and proximity to downtown9 O! ?- b( J& b: n" X
amenities.' `& {+ Q+ b) P5 m( g

( y. Q7 q7 F) i3 o6 o$ H! l6 Z    The housing market in Toronto sustained healthy activity levels( J' e3 q3 {( `& m# ~3 t' X! O& J
throughout the third quarter, as a strong economy helped to maintain demand
: I1 U# S: X2 m' L, U& V1 }4 V! Oacross the city, causing average house prices to rise moderately. Toronto has
9 m2 T% D) c1 x. `5 D$ j9 zcontinued to experience modest growth in average house prices, and has been
3 t4 m: F: a& D7 {6 m4 mdriven primarily by purchasers who are buying homes as their principle
; Z9 j6 o3 c+ W" x8 N* \# iresidence, rather than for investment.
) L  W" R! @+ l9 i9 J( r% U" `, X5 Z7 y! x) ?4 Y6 K$ d
    The vibrant Winnipeg housing market continued to show its strength as/ v( d$ ]8 [' B% L
house prices rose during the third quarter. The booming local economy resulted
2 ]. L2 |0 X7 U) P8 Tin a historically low unemployment rate, helping to bolster consumer7 x6 Y) |* R8 m, f0 j) O
confidence and Winnipeg's ranking as the city with the lowest capitalization
; I7 q  e' b0 \rate among the country's larger cities - helped to encourage buyers to enter+ A7 ]( a: ^, N6 d; |1 b7 p! q
the market.4 C- Q; a+ u; h% `, L4 L

  t! j, X5 s& [" Z    In Regina, the market experienced a slight seasonal slowdown through* Q6 P% I5 h5 g% s3 E+ p. w& f4 T
July, as there were fewer purchasers in the market due to summer vacations. In
0 I, L+ v+ d5 c  {4 d6 p9 a+ b. bAugust, activity resumed to the busy pace previously seen in the spring
5 i' T9 V/ G4 Y2 H/ ?, M! Omonths, as the influx of purchasers made it more difficult to find a home due
  G3 Y# o- F' M& a+ v) B" [to the shortage of available inventory.  D) G) @7 u) K
  c- J! |4 [5 s) u6 x
    Activity in Saskatoon remained brisk as the market maintained its
1 [4 w0 U" m- fmomentum from the busy spring sales period. The economy in Saskatoon remains
/ Y: H9 Z' ~# j: Qvibrant, as employment opportunities are abundant with many businesses6 m7 s4 X  ~; g& D' X" @
struggling to make hires and having to recruit outside the province.# p6 V& f" y: s8 [, l) V+ y
1 u( m! I  D! N4 L
    Calgary's housing market recorded blazing average house price increases! w6 b* m8 {. R) }( t! }1 q  b
in the third quarter, in all surveyed categories. The burgeoning economy, low
5 k& q! }1 n+ zunemployment rates and low inventory levels remained the leading factors that. q/ t. h- ?, m3 g: _- D
pressured Calgary's house prices upwards. However, regardless of the soaring
3 k  ~5 F# a" F2 \2 K* e3 z. v. Dprices that characterized the market - even during the typically slower summer8 ]$ x4 O. c# C- }
season - it is expected that activity will become slightly more balanced, as
9 e! D% u6 u" ^+ rbuyers are becoming more reluctant to participate in the frenetic activity.

2 @2 i! K& }% J/ T
% j6 t* S2 [! k" h# K. D' ~    Edmonton's booming local economy continued to thrive in the third quarter5 d" I8 i3 a% \
as activity in the oil sands north of the city continued to flourish. Edmonton/ {% x) G2 a- q% f
remained the hub of activity for those coming to work in the oil industry,6 {# Y5 f2 B8 r' ~$ k
maintaining tight inventory levels across the city, resulting in prices
# Q" s. V' e8 g) d. }increasing at record levels. However, as inventory levels continued to improve. Q/ n( k1 d' p0 z& |- N
in the third quarter the rate of price appreciation should moderate slightly+ j' n- @+ H5 S  V* v- U
towards the end of 2006.
   
& \# i! Q# f* \' I+ T* q) Q* o3 i5 ]
While Vancouver has seen a slight reprieve from the severe shortage of7 N* I; J' J6 p$ @& D  {
inventory that had previously characterized the market, supply is still unable
+ U: F9 |' c. Nto meet demand, driving house prices upwards. Vancouver has a very diverse' I! I. P8 g+ n) y
group of active buyers - from first-time home buyers to baby-boomers to
# y  `( R4 ~( x# D' R8 [7 E0 l- Lforeign investors - all of whom fuel the demand for houses, placing added
$ {$ u$ ?  n, ?: zpressure on tight inventory levels.
6 |4 _8 n2 F" _7 ]( D' [  {
. P8 M# ^- Z( s+ X/ C    Victoria's market is vibrant and supported by strong economic
4 {9 ^) `+ E6 W9 Sfundamentals, fuelled by a booming tech sector and a migration of young people! w! x- t' `0 Q8 E2 W6 W) V4 ~' J
into the city that has continued to support the area's house price increases;
# V* B* }0 J0 G; H& T8 `) [% vwhile increased inventory levels have afforded buyers more time when searching
- g/ m  X; S" q0 c! f6 jfor a home, helping to normalize the market's pace.7 g! a" d; [/ r5 J/ c

& m, P  x1 [! m9 R. O    <<
8 K) b# H9 j# @" }' ~      Survey of Canadian Average House Prices in the Third Quarter 2006
! }! m  \3 G7 j$ G, B% z3 m$ R# z: a4 s- Z" h' l
    -------------------------------------------------------------------------
- U* [8 R9 }; {$ Y6 e                 Detached Bungalows                Standard Two Storey
, o+ P  Z1 s# t- y    -------------------------------------------------------------------------
% Y3 D0 x3 o6 P4 `2 _1 c% U                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q3
: K+ i$ P" e6 t7 `$ _    Market           Average     Average    % Change     Average     Average- _* x$ i: R* B/ ~) H! ?" k
    -------------------------------------------------------------------------- O0 I: v+ P" ]8 g# e6 z
    Halifax          186,333     173,333        7.5%     198,667     199,000% E5 [, K' C- n* X  s
    -------------------------------------------------------------------------
0 s8 z& A% h, _# Z/ I    Charlottetown    145,000     141,000        2.8%     175,000     170,000
; E( z& S- ^2 [    -------------------------------------------------------------------------
. f: ?$ i/ D) _5 O    Moncton          135,000     127,000        6.3%     129,000     123,0004 M; t! D1 h7 F& Q, x2 f
    -------------------------------------------------------------------------
0 @) a" t; j8 X( ~! K) g0 }    Saint John       141,200     142,900       -1.2%           -           -
! o9 @4 j1 W8 c    -------------------------------------------------------------------------
) M, i9 `* X" ^  G# z0 l& ~    St. John's       143,667     142,667        0.7%     200,667     202,3337 T9 t% g5 \& N  ~
    -------------------------------------------------------------------------
, V! o" t! H' A* u6 X# N% y    Atlantic         150,240     145,380        3.3%     175,833     173,5830 }* }6 m9 d! Q' g' l  I& k
    -------------------------------------------------------------------------
6 w$ W" Z2 c1 R( T    Montreal         213,691     203,500        5.0%     321,141     316,185
" h. H) t% E) k0 `2 V    -------------------------------------------------------------------------
. O# B$ l0 J( A! r6 g4 o3 Y1 f, I    Ottawa           290,083     278,417        4.2%     285,667     273,250
, d. K; E8 z! M* r9 O8 t) p, S    -------------------------------------------------------------------------
* u8 F) x! _$ j: o/ W/ {    Toronto          373,368     355,882        4.9%     481,523     474,766
6 g8 q& w6 b3 I    -------------------------------------------------------------------------
+ {* m8 V: B- i    Winnipeg         181,579     159,860       13.6%     202,337     180,707
$ E% T# V: k# P/ s+ D$ E    -------------------------------------------------------------------------
9 B8 v; c( I& C3 q    Saskatchewan     170,667     156,083        9.3%     182,600     166,5008 Y+ Z' [7 |# t3 l
    -------------------------------------------------------------------------
. m9 h2 _  x" V* w4 B; g    Calgary          395,067     252,411       56.5%     405,778     264,389- e0 a) M$ [7 e$ p: N6 o- B; k- v; A
    -------------------------------------------------------------------------* u# ^* `) p. B; ]" R2 F
    Edmonton         286,857     194,857       47.2%     316,429     206,714% R! J; O% l4 }5 }
    -------------------------------------------------------------------------0 _1 Y& ^- |: G! g5 j- b2 T
    Vancouver        704,250     601,000       17.2%     794,000     697,500
1 a- X5 z! J: b& G0 G, v    -------------------------------------------------------------------------
0 H. e: X( p$ l; [0 j8 f    Victoria         375,000     348,000        7.8%     403,000     391,000
  P* ^, ~" [  O& d5 A7 d0 R2 a    -------------------------------------------------------------------------; ?. n/ O, g! z" i3 c2 P. ?1 J. S
    National         300,365     258,202       16.3%     365,380     322,860
7 M2 O0 R& D: [    -------------------------------------------------------------------------5 v8 M5 r9 m0 X. |, O8 k$ a) ^
; n$ K1 T8 J0 q- E  t( s
    -------------------------------------------------------------
% e! |! L2 p) g/ `$ Q/ }; Q                               Standard Condominium
" {% K' h5 x7 m7 U" U6 R    -------------------------------------------------------------% z; L) Y5 r' }% p
                    2-Storey     2006 Q3     2005 Q3       Condo" s& h& r  ^% h& v# [& s
    Market          % Change     Average     Average    % Change
9 [; M3 H$ a% ]6 D; G& m    -------------------------------------------------------------! k. g% [5 L7 p! w" [0 \9 u' Q/ Z
    Halifax            -0.2%     142,000     103,000       37.9%
6 z! c+ ]1 \% g9 Q    -------------------------------------------------------------* p- l/ i, m2 I
    Charlottetown       2.9%      98,000      98,000        0.0%/ _' I1 m! N# K2 }4 |
    -------------------------------------------------------------  K2 @9 V+ v2 u4 Y9 d# T
    Moncton             4.9%           -           -         N/A+ t/ q4 P; C1 I9 u6 _+ M
    -------------------------------------------------------------% E0 e$ o+ P5 K! T" h. l
    Saint John           N/A           -           -         N/A6 F! e0 [2 y1 l5 m! n% o3 t* ^! s
    -------------------------------------------------------------
  z) r( a, d. `. b. w    St. John's         -0.8%     146,333     145,667        0.5%
. M* p, F: ?& u* H: w    -------------------------------------------------------------# f/ r- W. A/ y! L
    Atlantic            1.3%     128,778     115,556       11.4%
9 a$ Z) r: w3 p# L% Z, K9 J    -------------------------------------------------------------0 c) [5 m2 Y$ V7 f1 a" D
    Montreal            1.6%     193,190     188,016        2.8%
$ M" O& \, l* r) b" M    -------------------------------------------------------------/ v) r; Z, Y; [1 q; T, ?' Z
    Ottawa              4.5%     181,083     172,250        5.1%! i# f3 j9 l6 O2 S/ \) x' ?
    -------------------------------------------------------------8 M3 E4 A& i2 p0 g, J
    Toronto             1.4%     252,088     242,918        3.8%4 ]# t! Z0 r# b8 L1 O4 ~
    -------------------------------------------------------------/ t4 x" {- y9 X. {: X2 i
    Winnipeg           12.0%     105,648      96,008       10.0%; l8 e; P- u: k# ?7 I$ n
    -------------------------------------------------------------
4 e$ L2 s8 K7 W9 [/ u+ U# _    Saskatchewan        9.7%     106,250     101,000        5.2%
  s  M! y4 r# ?    -------------------------------------------------------------- @. q* D, W2 U" j; g
    Calgary            53.5%     245,844     153,867       59.8%( g* t. t" k5 k
    -------------------------------------------------------------+ \" z$ q1 T8 p0 j, s/ }+ O6 w
    Edmonton           53.1%     200,433     131,500       52.4%$ i: M! {0 |# C* m9 j- B
    -------------------------------------------------------------
( n9 |% t! ^' F7 v/ f) u* M    Vancouver          13.8%     366,250     323,250       13.3%
9 P4 M) H+ K' X# R/ Y0 b* K; u, w    -------------------------------------------------------------+ t& F0 L0 `/ Y) B, I. @! n7 j  H
    Victoria            3.1%     229,000     220,000        4.1%% _4 B5 s3 N; E' E
    -------------------------------------------------------------
  n9 B! H1 n6 w9 Q! {) I) r# {$ w    National           13.2%     211,562     185,296       14.2%
! y9 q+ i  q6 b. E* h) d    -------------------------------------------------------------$ |8 D6 p" w+ ?- ^- t1 {, P
    >>6 k5 b- g! H  k3 r$ g& [

3 h) w+ _) [  J+ ]- W. j- \    Average house prices are based on an average of all sub-markets examined, D! s; I) R* W0 Q  I7 A6 ]) s* d) Q
in the area, except for the smaller markets of Charlottetown, Moncton, Saint/ f; i9 J2 N2 F. e, I
John and Victoria.
3 }' L/ @" R( ^# _) |# P: f0 S4 W# o
    The Royal LePage Survey of Canadian House Prices is the largest, most
( L; S; Z) w8 kcomprehensive study of its kind in Canada, with information on seven types of
  E4 T7 y6 i: d2 }3 v: Phousing in over 250 neighbourhoods from coast to coast. This release
2 {* z& W- r: Y' M: @9 dreferences an abbreviated version of the survey, which highlights house price9 z! K1 k, X4 z
trends for the three most common types of housing in Canada in 80 communities0 \& B+ d, U  X
across the country. A complete database of past and present surveys is
& {3 B3 n% E# {, u( l; Uavailable on the Royal LePage Web site at www.royallepage.ca, and current( x" t% m, F7 v2 ^9 n% m% `/ m! I( B
figures will be updated following the end of the third quarter. A printable$ T6 n, @* X) N4 l
version of the third quarter 2006 survey will be available online on) b6 r* W+ G, v  k. K6 p' \
November 15, 2006.7 T# k  l2 a; N
    Housing values in the Royal LePage Survey are Royal LePage opinions of! c! D. k# q1 Q3 T/ s6 I2 e7 g1 K" x
fair market value in each location, based on local data and market knowledge
5 q# j4 s% I! w+ Dprovided by Royal LePage residential real estate experts. Historical data is9 L. @. u; k  c! A% m% W% X
available for some areas back to the early 1970s.
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