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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
3 z, S7 `+ m4 H" {, d2 M0 E6 N6 L6 N4 H$ c
- Country's market poised to show growth throughout 2006 -$ Y5 D1 V* p" J& R' U& h2 I0 ?6 j

4 H9 Y6 _* b" k0 n    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market
. Y' I. ^2 x+ i$ R9 Vexhibited moderate price increases and stable unit sales during the third
) x! q0 [  c) e# I! W. M3 }% ]) Tquarter. Wide regional variances continued to be the dominant characteristic6 f" w* I0 u& b* q+ O% Z& A- I. C/ J' _
in the market, exemplified by frenzied levels of activity and double digit; S% W8 H7 j& x2 N
price gains observed in the energy and commodity rich Western provinces, and
- K" F5 g5 z) {+ ?more reasonable sales volumes and moderate price appreciation in Ontario,
! y+ `2 ]! E+ W; q4 rQuebec and Atlantic Canada, according to a report released today by Royal
; ]0 w/ D" h; D% I9 F) HLePage Real Estate Services.: p2 c( s; M9 b# b+ \

: Q; P4 j, g/ b    Nationally, market trends established through the first three quarters
& ]2 V/ h3 A+ v$ M: A! z( Mare forecast to continue for the remainder of the year. Robust economic  K& T4 U" w7 g. s* g- L* y
conditions, low unemployment rates, modestly growing salaries and wages, and% l$ d8 M# J' J- X: C& m
sound consumer confidence contributed to the overall strength of the
1 q1 t' h& A: ]residential real estate sector.) p: V+ e; Q' T) K2 L  {; z& s3 D4 N
! Z" d# `. M4 n
    Of the housing types surveyed, the highest average price appreciation
4 Z" A6 B; t' J! Q& ^# x' ~8 o* ?occurred in detached bungalows, which rose to $300,365 (+16.3%)
! g  T9 ]; e+ l0 U# ?" hyear-over-year, followed by standard condominiums, which rose to $211,562
# Z  {6 `, k' L. A1 a(+14.2%), and standard two-storey properties, which increased to $365,380* c! \2 Z. o& t- ]( _, |2 s! C  T
(+13.2%).
* ^5 I( R5 f# c( l4 f
+ I2 _% Q1 B$ b: ~/ v. N    "Canada's sturdy housing market continued to demonstrate steady growth$ L) m0 Q) e+ c8 f
during the third quarter. For all but the west, we have moved on from the
0 D- G2 q4 @9 @! k/ i+ W8 O- ^frenzied expansion that characterized the first half of this decade, and are# a3 m. M6 `2 ~. x5 g
poised to show continued growth at a more moderate pace," said Phil Soper,1 Y+ {- m* R; o# ?& F! H+ F
president and chief executive officer, Royal LePage Real Estate Services.
/ k2 s- m! E0 \; p"Gone is the sellers' market that we have lived with for some years. We: R) M$ Z7 y, _3 r8 c* s" F7 ]
welcome the more reliable conditions that are characteristic of a healthy/ g  f9 k. i/ z( }1 X- z
balanced market."9 c* H# Q) W" U: s. @; F0 w  [, S$ m

, @1 K; F! J# v- i4 U$ E3 P! {6 D    Despite the double-digit rise in average national house prices,
+ j% x* ~; \7 P# Y3 Qconsiderable regional variances were exhibited again this quarter. The shift
+ R* b8 {  ~, \  sto balanced market conditions, which began in late 2005, has continued
8 H0 l: c. \' Q7 Z9 j" Q  Z7 Ythroughout most of the Central and Eastern regions of the country. In the core
4 ]+ t! v6 c1 W4 g3 @/ f) v( Lenergy producing western provinces, the combination of very high in-migration,* R2 ]" Q  d: ~( D7 ~) }
manageable affordability, and a shortage of inventory has driven record  I. J% B/ |' i
breaking price appreciations.
4 q0 G+ g8 m( e9 h7 k: ]
" l6 |# v" {" d1 E5 y; X3 V    Echoing the second quarter and supported by Alberta's rapidly expanding
9 ?6 j7 g+ s: w9 e1 w4 teconomy, Calgary and Edmonton led the charge of Canadian cities with the
- A2 @) T- Q' f' ylargest house price appreciation in all housing types surveyed.
" M( a' V+ T0 }: |
, ^6 q9 S/ m7 Z    In Ottawa and Toronto, growth remained steady, supported by solid" |3 D3 F" C9 `; j
economic fundamentals, an increase in available inventory and strong consumer
4 x: I) {3 [3 I; E5 U: l; j. Pconfidence. While the pace of price appreciation in Ontario leveled off
/ m0 H/ A. M: E3 jslightly, the province's real estate market remains poised for modest growth.7 Y, C! S/ r; Y9 {" l* P
In Atlantic Canada, new housing and condominium construction offered buyers4 S( M0 B8 Q/ q6 l3 ~! }! R
greater selection at more competitive prices, resulting in a slower rate of
1 w& l/ C! E5 b% s$ Sprice appreciation when compared with 2005.
- k: O  ?8 O+ ^# n: i/ `% e2 j1 \6 i% |
    While the pace of growth in Canada has slowed, the domestic housing
5 Z7 \' r$ H6 P0 nmarket is expected to outperform the American market. The economic and
% f# p& ?; Z+ F6 e8 f& W4 _  Tfinancial fundamentals driving the residential real estate sector in Canada
$ v$ V0 O8 x1 G* L! Z# F$ w& zare markedly different than those found in the United States.
% o3 ^' M8 B. C
& J8 M  b  S. j- u9 w    Added Soper: "Canada's housing market is likely to outperform the
9 ^" M8 P8 E: e: E, ]' DAmerican market through 2007. A number of factors are working in Canada's
/ O/ T5 l. L% h0 t! Q; Q( _' v% ffavour, including healthy personal and governmental debt levels, the/ P5 n; }! i5 e0 J, ?2 N
relatively modest rise in interest rates in our country, and general
: ]" ~1 Q" t  faffordability in our major cities. In addition, Americans are now seeing the8 q5 `- B  W- v; o% _
downside of a tax system that encourages maximum homeowner leverage, and
2 A% ^6 f' q) gaggressive financial products such as zero- and negative-amortization
  Z' S5 \& R. V/ C; T8 vmortgages that work only in a high price growth environment."
/ g0 C2 S8 m: r7 G3 F: ?) r. T4 H$ _2 x
    <<) v9 @" q& R. v5 e, p
                             REGIONAL SUMMARIES
, w9 e6 t7 F/ q5 ^    >>' ]) v/ R, `. r$ |1 t

: \# |, _/ v/ V$ w/ O    Balanced conditions continued to characterize the housing market in# o# F( Q# G: M5 J; E  D
Halifax, as significantly higher inventory levels helped to moderate the rate
) Q; t/ T' n5 A4 E& U% D1 n0 {" h1 Fof price appreciation. Buyers were increasingly choosy, taking more time  o+ r3 J" n) U" X
looking for newer, low-maintenance properties that were not in need of0 w1 A  h7 L/ W) t$ j
renovations.
) P4 w# \, h' H2 d! f' F  p# |9 ]/ u- F$ v) }0 M
    The housing market in Moncton remained healthy and strong as a slight
2 x  b/ P0 w8 m( }1 Eincrease in inventory helped to moderate the rate of price appreciation' ]4 `* V; n* y7 [5 Y
compared to the same period in 2005. Activity was brisk throughout August and
$ n% U1 ^: E! n+ A" e# KSeptember and is expected to remain this way through the fourth quarter.2 v6 r+ `2 n/ ~3 j+ A9 t
4 j# P1 J. g" J  R* _
    The housing market in Saint John underwent its traditional summer
+ K9 Y  n' {8 R& D: I+ J, n! ^# mslowdown in the third quarter, with activity picking up towards the end of the
" H. R2 c. \2 `. \3 kquarter. The local economy continued to thrive, as construction on a new, I$ @! J4 U, A- q( W! a4 t
600,000 square-foot shopping area has begun, bringing several new box stores" Q# f# G' e# ]% a
to the area. Buyers have begun seeking less expensive fixtures for their homes
7 v( A- q. o/ @: ?- Kand are instead opting for more affordable housing options.
3 Y8 z6 {: P3 L* D& E
9 O* p, @' g2 H6 W2 I    In Charlottetown, the housing market started to move towards balanced
7 ]; i7 P% h1 w- K0 uconditions, as some sellers had to begin to lower the asking prices on their
7 q  d. a9 ~9 ?- F( s* ?homes to make them more competitive. Activity from out-of-town and US buyers+ \- R# r* N( h. R
was down slightly compared to 2005, likely attributable to the strong Canadian7 r& e( i" z+ }, O7 M9 d2 {) U7 `% y
dollar. Inventory levels began to creep up in the third quarter, providing; z& I: }* K: q. r& r( c
buyers with more options when looking for a home.& K: M2 ^, N3 }2 w* y

% }# t0 \4 o0 |* y# d    Activity in St. John's slowed slightly in the third quarter, particularly
: J& J# }4 B! E. D! `& w6 ^among higher-priced properties, where there was a slight over-supply of homes
( e& N+ {3 k" |0 B- l* Dpriced over $200,000. Listing periods have increased when compared with 2005,9 J# W/ M$ r; t5 C( `) i# r
as some of the pent-up demand that had characterized the market over the last
' N' P* t- H% @: {! N# I" Ufew years has been satisfied, resulting in more normal, balanced conditions./ y1 `  l) [( [9 Q/ g: s4 X
" X8 v6 ^# A: ~  A) E
    Montreal's housing market recorded modest increases in average house$ N$ G2 [5 @/ u: u) r3 x$ h
prices, due to a slight seasonal slowdown in the third quarter as inventory
! W2 N; \8 \2 n6 D; e5 p5 `: }levels rose. Part of this can be attributed to the fact that many renting- _7 R% b5 l! t/ |3 L7 z5 B9 m
first-time buyers were motivated to close on the purchase of a home by July 1,
8 W4 {7 D& ^. M# a1 x/ {* F* F" uwhen rental leases expire in Quebec. Once this date has passed some of the
6 M! t0 G' k8 w/ R  R' t5 Xpressure is taken off the market, allowing buyers to visit more homes before
+ o" R% F8 A" E1 E  \: Amaking a purchase.
0 a$ I: {/ K) B8 @. K* m( I0 B7 D, Z8 `* x: S: }
    Ottawa held its position as one of the country's most stable housing) C$ o* Y9 e0 q% q% r2 Y% ?+ p6 p
markets in the third quarter, reinforced by a vibrant local economy and strong
( _3 W+ U$ l4 U. ^) t, wconfidence, resulting in modest increases in average house prices. The city$ V. r5 j0 I# }
centre remained a bright spot in Ottawa, with homes in this area attracting" w; F4 g6 c, y) U2 q* u- j9 ]
attention due to their convenient location and proximity to downtown
& Q0 I* V0 u; Q) {3 |' u( Aamenities., {6 z: ]" b0 [8 I

2 H; Y* m+ j, O    The housing market in Toronto sustained healthy activity levels3 ?. p5 w5 r* Q# Q) V. x/ r
throughout the third quarter, as a strong economy helped to maintain demand
! p( e9 e# ]& p6 ~* ~across the city, causing average house prices to rise moderately. Toronto has
0 c4 L8 E( g& ?" \, ucontinued to experience modest growth in average house prices, and has been
; c: p  B: B% s: h' U1 Idriven primarily by purchasers who are buying homes as their principle
' Y% L5 P' [9 Lresidence, rather than for investment.0 W4 l: @, L9 `' r+ ~( A" U
. w3 [  q* a/ }" r
    The vibrant Winnipeg housing market continued to show its strength as
3 p9 [. {. g" ~* Fhouse prices rose during the third quarter. The booming local economy resulted
# y! Y/ `1 P5 Z( C* k4 Tin a historically low unemployment rate, helping to bolster consumer3 ?2 u9 G8 E! S$ ^1 P+ c
confidence and Winnipeg's ranking as the city with the lowest capitalization0 c& Y& A' g, X3 U
rate among the country's larger cities - helped to encourage buyers to enter
" m" @* M( j- j! Tthe market.
: y1 U; g9 w( }6 ~2 O3 q5 b6 l1 w$ h) g. ^& G6 `* R7 y/ ?* C
    In Regina, the market experienced a slight seasonal slowdown through
( f, G" e% ^* F; {4 r  S: {2 l6 OJuly, as there were fewer purchasers in the market due to summer vacations. In
& R' W- K% a+ u- v& p  J. a, rAugust, activity resumed to the busy pace previously seen in the spring7 i- s0 S% O# l' D5 W- p
months, as the influx of purchasers made it more difficult to find a home due' F: b$ `* l+ N0 z8 ?5 @$ v2 V/ ~4 ]) ]
to the shortage of available inventory.
* r  _7 W# y. w3 }- K) I0 f1 x/ J2 Y6 R0 h1 U
    Activity in Saskatoon remained brisk as the market maintained its9 `9 g1 N' g  t6 |) R/ z) U
momentum from the busy spring sales period. The economy in Saskatoon remains
) ]3 p0 V( }! B/ R$ m( t+ d+ Uvibrant, as employment opportunities are abundant with many businesses# C9 L. m+ Z( g2 g) Y3 y% F" B" p
struggling to make hires and having to recruit outside the province.
% {/ t# S1 v$ r; h) D8 y; n( Q" f
    Calgary's housing market recorded blazing average house price increases3 j- b* K8 l2 D
in the third quarter, in all surveyed categories. The burgeoning economy, low) v+ y. t2 n' n  x+ O
unemployment rates and low inventory levels remained the leading factors that
2 c1 `+ U7 P  P' x( ?pressured Calgary's house prices upwards. However, regardless of the soaring! U6 _5 D' b! R% c: E* J
prices that characterized the market - even during the typically slower summer
; [4 P- n& Z4 ]5 @% oseason - it is expected that activity will become slightly more balanced, as6 ]. y9 ]" u, N; c$ g* Q# z
buyers are becoming more reluctant to participate in the frenetic activity.
* h" B4 M6 u' e2 I
5 I) W6 P& D6 d- z' d
    Edmonton's booming local economy continued to thrive in the third quarter
# S1 F* k- |: _' I$ p- J6 _as activity in the oil sands north of the city continued to flourish. Edmonton
+ t6 M; G: q, u+ \7 i( uremained the hub of activity for those coming to work in the oil industry,
; K3 Z! I, }/ D. L* L: |3 _! z/ S) Bmaintaining tight inventory levels across the city, resulting in prices
* Q. m1 B* F! T" J1 N  \increasing at record levels. However, as inventory levels continued to improve
" H2 a9 i" X6 t0 O( Din the third quarter the rate of price appreciation should moderate slightly' G- q$ \3 v2 k9 Z! a( y7 L2 o
towards the end of 2006.
   
& w% q/ ~3 W: a  r, h$ [9 k3 O2 [8 ]& M  X9 l( ^
While Vancouver has seen a slight reprieve from the severe shortage of9 Q6 J  g" G( R  |% _+ B9 s; v
inventory that had previously characterized the market, supply is still unable  `& A& S1 \0 l0 Y- p2 f
to meet demand, driving house prices upwards. Vancouver has a very diverse2 j, |/ J+ O) Q) ]' V$ d7 b. A
group of active buyers - from first-time home buyers to baby-boomers to+ D* u' d1 n6 u5 j& q1 }" G
foreign investors - all of whom fuel the demand for houses, placing added
( o6 K' b/ N$ G5 z) Tpressure on tight inventory levels.( H2 Z8 V3 b5 r3 v
4 n$ v* f( b- w8 S
    Victoria's market is vibrant and supported by strong economic) z7 N; [# _: M/ C) k  i5 ?% m, o
fundamentals, fuelled by a booming tech sector and a migration of young people* K1 x, ?; c; W' ?& J9 m' J! }% d
into the city that has continued to support the area's house price increases;
" x7 L( h8 {0 b: s( ?/ pwhile increased inventory levels have afforded buyers more time when searching
0 \) V6 c$ ~# F$ c3 T0 S( |for a home, helping to normalize the market's pace.
* V& |1 |9 \3 c6 E* M+ ?! ^* e( G$ s
" E/ I) n3 k* L$ }4 E    <<' I5 o- c  A" m! y
      Survey of Canadian Average House Prices in the Third Quarter 2006( r5 u  f3 e; `% o1 E4 X7 T$ x
% k2 v, q9 `1 O" z- [( q
    -------------------------------------------------------------------------
4 w+ j; K: B9 T  U9 t+ a6 r6 C                 Detached Bungalows                Standard Two Storey
& {+ H8 D% v; R" x7 P( v3 X    -------------------------------------------------------------------------. \- C; f# ]5 K3 ?% D- M  |
                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q37 e8 a8 l, y1 o/ U' a/ p3 i6 _
    Market           Average     Average    % Change     Average     Average
1 a, j- Y$ y6 i  X    -------------------------------------------------------------------------- W2 S( F  D# J
    Halifax          186,333     173,333        7.5%     198,667     199,000
- S3 K) L2 `2 a) E- ]& E$ m    -------------------------------------------------------------------------
9 Y2 T  A8 `. n    Charlottetown    145,000     141,000        2.8%     175,000     170,0008 P9 [) P& C5 h; x; S6 }
    -------------------------------------------------------------------------
) i* x" h0 M' e+ U* x3 k1 K    Moncton          135,000     127,000        6.3%     129,000     123,0000 L+ W: X! z6 b
    -------------------------------------------------------------------------$ y% u. N1 r, g$ g8 F* C9 b
    Saint John       141,200     142,900       -1.2%           -           -$ N+ a( m1 ?. y6 F
    -------------------------------------------------------------------------+ \$ }) Q* ?4 q  h/ W8 D
    St. John's       143,667     142,667        0.7%     200,667     202,333
' G8 x" W" @# w; C    -------------------------------------------------------------------------8 ^! r; \- u6 ]& r
    Atlantic         150,240     145,380        3.3%     175,833     173,583) o# R$ {$ }6 h6 B% l) y5 X
    -------------------------------------------------------------------------
* b( [) j, |" F8 C) f( {* }2 Y1 w    Montreal         213,691     203,500        5.0%     321,141     316,185: P5 I$ `( {& A* i" b
    -------------------------------------------------------------------------
( G/ n4 m7 q5 w/ h9 |0 o    Ottawa           290,083     278,417        4.2%     285,667     273,250. p1 z6 d$ D8 }: ]0 E4 L5 w
    -------------------------------------------------------------------------$ b$ B( C# \7 f; P
    Toronto          373,368     355,882        4.9%     481,523     474,7669 h+ U  s. x, Z! K: J( a' f; I5 P
    -------------------------------------------------------------------------6 F1 _3 W# \4 l$ f
    Winnipeg         181,579     159,860       13.6%     202,337     180,707  y0 ^8 X" S% C# Y1 p9 n, y
    -------------------------------------------------------------------------
- H; K( |4 X' k1 [8 E5 w& y    Saskatchewan     170,667     156,083        9.3%     182,600     166,500! V1 d; ?9 }  W% r+ Q3 d
    -------------------------------------------------------------------------6 p+ n* {8 q' I: L9 o
    Calgary          395,067     252,411       56.5%     405,778     264,389: u7 C) n1 W% \
    -------------------------------------------------------------------------- F7 c0 ~8 F' C: R/ Q
    Edmonton         286,857     194,857       47.2%     316,429     206,714) R) i5 k5 s9 o, w" ^5 R8 F; ^: F4 |
    -------------------------------------------------------------------------6 a5 N* O' G# M2 P% A! X
    Vancouver        704,250     601,000       17.2%     794,000     697,500
& w; x& H. q; d; A2 n1 l3 ?& T7 g    -------------------------------------------------------------------------# @1 d6 l* p# ^' p( L
    Victoria         375,000     348,000        7.8%     403,000     391,0003 B3 @: g9 ^5 }1 `6 R3 Y
    -------------------------------------------------------------------------1 w& i0 b; s$ H1 i0 P/ A
    National         300,365     258,202       16.3%     365,380     322,8606 Y& [5 x3 J2 d" t: p
    -------------------------------------------------------------------------
! m* [7 m1 r6 l1 M! ?; v0 a# a& f% ~6 ]4 D& A; ]
    -------------------------------------------------------------
8 E$ }3 V7 X: `8 a& a                               Standard Condominium) i) E- {; L1 n1 ?
    -------------------------------------------------------------8 Z& |$ |4 x5 v
                    2-Storey     2006 Q3     2005 Q3       Condo$ j0 l' W$ w  w
    Market          % Change     Average     Average    % Change" U3 J. E  D8 R. A
    -------------------------------------------------------------3 i+ K' ?1 r8 Z- k
    Halifax            -0.2%     142,000     103,000       37.9%7 ?9 b% S/ |- ?6 M3 W
    -------------------------------------------------------------
. I2 [: T; ]8 s# Y    Charlottetown       2.9%      98,000      98,000        0.0%1 w! Z& Q9 h# f; @  t) Y
    -------------------------------------------------------------$ ^# }4 J( c8 b. F
    Moncton             4.9%           -           -         N/A
5 M, G9 b- U8 z# B! F# q! G9 Y, i    -------------------------------------------------------------/ _3 q# q+ g) ]* f6 h
    Saint John           N/A           -           -         N/A
3 [' @, M# ?+ y9 V0 o8 S; i* I' L    -------------------------------------------------------------' Y' R7 e$ g. w5 @& z. o
    St. John's         -0.8%     146,333     145,667        0.5%. I6 H1 H. W+ V8 j) e) M: M
    -------------------------------------------------------------  ]8 S. x6 [' V0 ]
    Atlantic            1.3%     128,778     115,556       11.4%
6 `; E% N9 W: X    -------------------------------------------------------------
- s5 e8 C% }/ d) W, X4 y/ i    Montreal            1.6%     193,190     188,016        2.8%
: m! ^0 H, b( [. k    -------------------------------------------------------------) b4 q( Z$ F' V- r- [' d
    Ottawa              4.5%     181,083     172,250        5.1%$ d, K  C3 O3 p( ~0 p" u  O
    -------------------------------------------------------------" K6 g8 ?6 a! E" j1 T+ r
    Toronto             1.4%     252,088     242,918        3.8%, U2 F$ G8 r9 _+ L$ A5 I: ^% T; {
    -------------------------------------------------------------
6 ^! ~' {( V, c  u6 V: j/ B) i    Winnipeg           12.0%     105,648      96,008       10.0%
- X, f1 x) B& k    -------------------------------------------------------------% G+ c* V+ P# ]+ O  I4 `
    Saskatchewan        9.7%     106,250     101,000        5.2%# M1 U& }0 n& O) ~* D1 {
    -------------------------------------------------------------
$ V5 R  s# F% L0 h0 B! O+ @+ I    Calgary            53.5%     245,844     153,867       59.8%
8 L3 g0 K) i3 |    -------------------------------------------------------------
- i, q$ m4 _' H. [    Edmonton           53.1%     200,433     131,500       52.4%& r* d" n! k8 Y" Y" a& U( i  e! D
    -------------------------------------------------------------/ T; U( I9 L: x0 @; r4 U
    Vancouver          13.8%     366,250     323,250       13.3%4 y1 R5 k0 I  ^  s9 |
    -------------------------------------------------------------' M3 G7 y  m" j
    Victoria            3.1%     229,000     220,000        4.1%
5 D3 ~% T3 R2 n$ h/ U; |    -------------------------------------------------------------) A' |- x3 I( W, M7 u
    National           13.2%     211,562     185,296       14.2%
! [& Y! l: ?5 g0 j  t    -------------------------------------------------------------
( |# U& t7 g$ B. ]4 \    >>
# C$ v. {- x/ U( F, g! B
* ]& T2 H# N2 q3 o0 W    Average house prices are based on an average of all sub-markets examined
1 m5 d& E4 c5 s" ?% f+ C6 ~* Ein the area, except for the smaller markets of Charlottetown, Moncton, Saint
8 O- z. I; a, L/ S9 [7 w: b5 BJohn and Victoria.$ d- I$ w6 A. d/ K

) n2 |' v% J$ K% e; M    The Royal LePage Survey of Canadian House Prices is the largest, most2 P- {. x/ u$ e# ?7 j& k
comprehensive study of its kind in Canada, with information on seven types of* I* }% f7 z1 }) C' X$ ]
housing in over 250 neighbourhoods from coast to coast. This release6 x0 Y- I; v' ]" g* e
references an abbreviated version of the survey, which highlights house price% ?: m7 M: D- d8 n& K% X
trends for the three most common types of housing in Canada in 80 communities% I. Y3 V) a7 F& d! l2 x2 g$ y' j& A
across the country. A complete database of past and present surveys is
$ ?2 X! i$ N0 N& I2 W- F( Navailable on the Royal LePage Web site at www.royallepage.ca, and current) ^$ m* M% A, H) u
figures will be updated following the end of the third quarter. A printable
. ~- R1 z0 m7 O5 T9 Qversion of the third quarter 2006 survey will be available online on
. b* C$ k. \/ C& }# q6 ANovember 15, 2006.
% A& E' t' K. v    Housing values in the Royal LePage Survey are Royal LePage opinions of
' F9 F4 n7 b) }2 A* m7 |5 Wfair market value in each location, based on local data and market knowledge* ?1 L8 C' `: c9 a
provided by Royal LePage residential real estate experts. Historical data is
4 m7 o# T! N1 c  J0 K" r' k2 ?3 Havailable for some areas back to the early 1970s.
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