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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 $ _$ `$ g; o& ^$ E1 T! B

2 X2 U+ p2 z. |+ J! `" w- Country's market poised to show growth throughout 2006 -
! M' a4 J9 J9 `# `9 o
' I4 P+ Y. T, b# s' p6 W) W& c8 A    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market5 u$ ~9 y6 W4 U( r/ f
exhibited moderate price increases and stable unit sales during the third! v: l/ q/ Y" B% I/ A" `7 L2 H. F
quarter. Wide regional variances continued to be the dominant characteristic
  h& H; S( D2 B6 L% @6 ~5 G7 |. Lin the market, exemplified by frenzied levels of activity and double digit
* ?$ f( ?; t# _, l8 Xprice gains observed in the energy and commodity rich Western provinces, and& T4 y: N2 \8 e) g
more reasonable sales volumes and moderate price appreciation in Ontario,
5 `  Y1 n& U5 q. B2 w9 oQuebec and Atlantic Canada, according to a report released today by Royal# g2 Z8 s  v. A. b, ~
LePage Real Estate Services." p  B2 N/ V& `

; Z$ L) {8 ?4 ^! a    Nationally, market trends established through the first three quarters+ Z  O! y$ t# q9 g8 V( E2 i  V
are forecast to continue for the remainder of the year. Robust economic
* ~% o: M; ~6 Lconditions, low unemployment rates, modestly growing salaries and wages, and/ X. b4 X7 q0 P, m% P
sound consumer confidence contributed to the overall strength of the# F0 S9 S* \2 a- B7 z
residential real estate sector.
8 C' G! S+ t( `$ `
8 W3 T1 A! d. `5 N2 G# S    Of the housing types surveyed, the highest average price appreciation
) j  Y( l0 p6 x9 h4 I8 W# K- Boccurred in detached bungalows, which rose to $300,365 (+16.3%)
0 e) x2 x/ [2 b8 `4 W5 z9 H' myear-over-year, followed by standard condominiums, which rose to $211,5621 _5 E  d% a. z. i( L/ `
(+14.2%), and standard two-storey properties, which increased to $365,380
+ E& C1 s. Z9 Q" T$ X7 M" d7 i: I(+13.2%).* b" K5 L4 _' ~& ^2 o- `

  V$ ?1 H" P2 E5 s/ e$ l/ x    "Canada's sturdy housing market continued to demonstrate steady growth9 _- [- e* c1 q8 d2 M
during the third quarter. For all but the west, we have moved on from the/ G; h: M: @1 ]2 i
frenzied expansion that characterized the first half of this decade, and are* v3 _) }( ]0 L+ L5 N( l/ \
poised to show continued growth at a more moderate pace," said Phil Soper,
. j5 W5 Q! U7 u; I7 |. Opresident and chief executive officer, Royal LePage Real Estate Services.
, p$ Q! I6 }* ?"Gone is the sellers' market that we have lived with for some years. We: t, E  z* D3 e0 ~
welcome the more reliable conditions that are characteristic of a healthy
( i2 F( r( `0 x8 d; tbalanced market."
4 c$ ?7 ~2 Z: U4 G
( j1 b3 k- ]' y. r$ \7 }    Despite the double-digit rise in average national house prices,
7 m( d! c" g9 O2 u" N1 econsiderable regional variances were exhibited again this quarter. The shift
* G' k6 n% G0 r0 U# F4 D0 rto balanced market conditions, which began in late 2005, has continued
2 _$ d" \+ l5 W, k: w8 h0 l5 Othroughout most of the Central and Eastern regions of the country. In the core. @5 D# P- p4 {) U2 ?
energy producing western provinces, the combination of very high in-migration,8 {. N  j/ A) ^! s$ h! o! p
manageable affordability, and a shortage of inventory has driven record  F2 g: j3 W: y0 l1 @$ s$ J
breaking price appreciations.
. ]5 t( B9 J0 S8 O" }" l7 @. E
# E, k3 U5 T- Z; i7 `' I    Echoing the second quarter and supported by Alberta's rapidly expanding. n. P7 `3 ?' e( a! I# a5 \
economy, Calgary and Edmonton led the charge of Canadian cities with the/ _6 f9 A  G1 }* b; u+ }( ^& P
largest house price appreciation in all housing types surveyed.( M4 t8 ~7 {2 x  z* ?/ j

1 e) a5 P! x5 h9 P    In Ottawa and Toronto, growth remained steady, supported by solid
; \3 R2 E: S) i' b4 e1 J& Z$ P" d: k8 `5 qeconomic fundamentals, an increase in available inventory and strong consumer
; R" [: S% @% b$ bconfidence. While the pace of price appreciation in Ontario leveled off
3 u9 h. S1 O' \* D+ B. jslightly, the province's real estate market remains poised for modest growth.
! |3 M' J4 G; X7 v% |In Atlantic Canada, new housing and condominium construction offered buyers9 W- X, S6 p1 K7 k( x9 F1 ]
greater selection at more competitive prices, resulting in a slower rate of% S3 u  ^. x0 ~  [0 F
price appreciation when compared with 2005.
5 N6 S" i( \6 K& V0 G8 C& B- a* T7 t5 U7 p5 r& Q$ {
    While the pace of growth in Canada has slowed, the domestic housing
9 O, Q8 [* {! [3 imarket is expected to outperform the American market. The economic and
7 }$ c! E. [" {! M: l" c% n4 C9 t+ }financial fundamentals driving the residential real estate sector in Canada7 l/ C+ }  d+ N9 N- o7 C+ ~
are markedly different than those found in the United States.
9 F* a0 c- \0 Q5 O
. P( u1 B% U) K9 D' N* a    Added Soper: "Canada's housing market is likely to outperform the
$ A/ G+ `3 D1 D/ q, `; x# ~% bAmerican market through 2007. A number of factors are working in Canada's
( n8 Y5 E+ V( P7 {9 U# l9 tfavour, including healthy personal and governmental debt levels, the
1 F/ Q; J6 f6 h6 u- n% C. trelatively modest rise in interest rates in our country, and general' n& X) y, }3 H1 s: Q) k
affordability in our major cities. In addition, Americans are now seeing the
8 o" i' K- ^; p9 Y) j+ Ndownside of a tax system that encourages maximum homeowner leverage, and0 j. z" Y6 }% e3 D, f( C" Y/ o* m6 V
aggressive financial products such as zero- and negative-amortization7 h( F" s' t8 @' w7 |* ?) U
mortgages that work only in a high price growth environment.", j2 R7 y! J* y  L3 h; o5 m( z" b

; H/ {. v# V; S8 m    <<2 W- Q) u% {/ L* T1 R- X
                             REGIONAL SUMMARIES! Y/ K" P5 L' w8 q$ Q* M$ B
    >>
$ ?/ @2 e5 b0 v$ K. ?8 `
) j5 I) o' g0 r. v. _0 y    Balanced conditions continued to characterize the housing market in. n0 I! Y: K2 G8 Z% p/ i8 e! U: o1 o$ X
Halifax, as significantly higher inventory levels helped to moderate the rate
. j/ V6 c: s* r& n* J+ [of price appreciation. Buyers were increasingly choosy, taking more time
  u1 `, o. v( x3 K$ w0 J3 clooking for newer, low-maintenance properties that were not in need of
; D- P( ^; C! ?5 p. \) D" `renovations.
( w& C3 e: A! A% r6 I, o4 W5 ]" J0 n2 Q- {+ M
    The housing market in Moncton remained healthy and strong as a slight3 q7 g4 ]6 c' r. g9 b  q3 t
increase in inventory helped to moderate the rate of price appreciation
% {: {6 i# d, T# Z/ e- Vcompared to the same period in 2005. Activity was brisk throughout August and7 n0 l8 K3 M- z  _# Z, h0 C
September and is expected to remain this way through the fourth quarter.- w1 ^+ t0 u% U/ q

! o% G8 T7 A; _    The housing market in Saint John underwent its traditional summer0 M; I9 M  ]' H+ t+ b, N6 z6 b
slowdown in the third quarter, with activity picking up towards the end of the& O/ y) k4 ?, f' d* [& I
quarter. The local economy continued to thrive, as construction on a new
. @$ ~& g5 O* l' I2 R. U600,000 square-foot shopping area has begun, bringing several new box stores
* R) b) J" C  ito the area. Buyers have begun seeking less expensive fixtures for their homes
9 L3 e/ q* `& [* L8 d6 tand are instead opting for more affordable housing options.: ~/ P" T7 m" O

3 N8 x( B7 Z; n2 ^    In Charlottetown, the housing market started to move towards balanced
6 R- Q9 S& y$ {3 l' xconditions, as some sellers had to begin to lower the asking prices on their3 T( q5 r1 A3 f* G
homes to make them more competitive. Activity from out-of-town and US buyers
6 h$ v& @5 t5 d0 K$ S1 Awas down slightly compared to 2005, likely attributable to the strong Canadian
- E2 Q2 H3 b( h) ?8 B6 v& cdollar. Inventory levels began to creep up in the third quarter, providing9 `' Y- Z5 J# X7 v# H$ c
buyers with more options when looking for a home.
% D- ^. B7 D/ E3 R+ L
7 _) @1 e3 ~/ a( ^9 s    Activity in St. John's slowed slightly in the third quarter, particularly
& ^& J# J4 X* ^' L5 }among higher-priced properties, where there was a slight over-supply of homes
1 I$ j. g: k% zpriced over $200,000. Listing periods have increased when compared with 2005,/ R" g, q# x# T& O' ~1 Y: D
as some of the pent-up demand that had characterized the market over the last) k/ B# j: l+ v, ?! D* y
few years has been satisfied, resulting in more normal, balanced conditions.) ]2 q- l# W, r' W2 M$ z1 F

) S# n1 q9 O: o- N# Q5 a/ |    Montreal's housing market recorded modest increases in average house
+ r' {+ ]5 _' e. g: [0 }8 v6 iprices, due to a slight seasonal slowdown in the third quarter as inventory
2 P; V: K% X; D4 W0 b- Z. Ylevels rose. Part of this can be attributed to the fact that many renting' p* w+ E$ v9 s$ E( g# b' v% O
first-time buyers were motivated to close on the purchase of a home by July 1,+ }+ O- ~; L; A) |9 s
when rental leases expire in Quebec. Once this date has passed some of the2 s: X8 p9 K8 S( ~& v( U4 q1 ?
pressure is taken off the market, allowing buyers to visit more homes before
' s) h# P/ |+ L& n) J9 V2 z4 lmaking a purchase.3 K1 I( V! M% d* S

; |, G6 N! s5 c9 i    Ottawa held its position as one of the country's most stable housing
( N1 w3 K  V) M  zmarkets in the third quarter, reinforced by a vibrant local economy and strong
; F/ V5 _1 V  G+ q4 v8 B' [confidence, resulting in modest increases in average house prices. The city
1 \7 l' y, k0 ^3 \3 E7 fcentre remained a bright spot in Ottawa, with homes in this area attracting
+ q$ `# [2 F  t) p5 J% b" lattention due to their convenient location and proximity to downtown2 F/ r& [& n# `7 u
amenities.- L# e5 o2 E1 ]8 U

* y5 D) R2 S8 r4 v+ P6 ~    The housing market in Toronto sustained healthy activity levels( ?5 Q. Z$ D% \6 E! B. f; o
throughout the third quarter, as a strong economy helped to maintain demand
6 Z+ R2 P& x0 \: y/ n- G- |9 Qacross the city, causing average house prices to rise moderately. Toronto has: w0 E0 r5 R2 F
continued to experience modest growth in average house prices, and has been' s0 w. m, P3 T3 U! q& H, N. G
driven primarily by purchasers who are buying homes as their principle8 h: ^3 u) p2 h" ?  Z' ]; }
residence, rather than for investment.
- R1 g( V, |4 @; {/ ~# W. t
. t% A. b. z' r. d, s9 n6 k8 ^    The vibrant Winnipeg housing market continued to show its strength as" a: X9 m8 j4 L. G' f  K' X% e
house prices rose during the third quarter. The booming local economy resulted
7 w* }- `! T4 P" _0 p* P. @1 Vin a historically low unemployment rate, helping to bolster consumer5 k5 ?( K5 u& u( Z2 q2 ]8 a: P
confidence and Winnipeg's ranking as the city with the lowest capitalization' T2 D  o$ i9 S% S
rate among the country's larger cities - helped to encourage buyers to enter! R# ~* b1 m0 f. I
the market.; f7 Z. E0 f: v$ l7 P
! v' Z* R2 i9 B/ R2 |
    In Regina, the market experienced a slight seasonal slowdown through
  [2 F$ ~% u7 b  S. S3 W+ V6 {' fJuly, as there were fewer purchasers in the market due to summer vacations. In
: I; `4 [9 Q7 Z$ T4 D% a6 s# tAugust, activity resumed to the busy pace previously seen in the spring
2 r) E4 {* a" y# |3 r, ymonths, as the influx of purchasers made it more difficult to find a home due
5 B! _( S! Z- p* Q) c5 y7 Nto the shortage of available inventory.
' t) A9 m; Q1 V1 l% ?
! M) C4 b0 N. `( J4 u    Activity in Saskatoon remained brisk as the market maintained its
2 ~5 ~) g- _2 C% r& Z4 mmomentum from the busy spring sales period. The economy in Saskatoon remains2 ]2 x- ^7 }1 u$ Z
vibrant, as employment opportunities are abundant with many businesses
" e+ _) Z; G; z6 d& v6 g7 istruggling to make hires and having to recruit outside the province.
6 u7 h6 t6 [  O5 Z. y. b) j5 c9 c5 F) o
    Calgary's housing market recorded blazing average house price increases
9 s% X6 ?5 N& P) Hin the third quarter, in all surveyed categories. The burgeoning economy, low
% O( h# u, \5 S/ ?' \9 G$ ^8 }; xunemployment rates and low inventory levels remained the leading factors that3 j8 p1 b. y0 Y  B* l6 x$ ?; p5 M
pressured Calgary's house prices upwards. However, regardless of the soaring
1 _$ {* Z9 z" |+ T% Qprices that characterized the market - even during the typically slower summer5 I% _, [% E* O, k0 }
season - it is expected that activity will become slightly more balanced, as
/ Z4 g% m0 U4 ]7 t8 L  nbuyers are becoming more reluctant to participate in the frenetic activity.

4 a6 @: c1 D" M
4 @7 R6 a  V  b: K! o    Edmonton's booming local economy continued to thrive in the third quarter
. M  u* i! s' g7 N' j* T; [( Qas activity in the oil sands north of the city continued to flourish. Edmonton' J% j6 f% l) y1 A- \2 j
remained the hub of activity for those coming to work in the oil industry,# O8 N$ x( r- g2 Y5 G
maintaining tight inventory levels across the city, resulting in prices
) j+ w+ F8 u# S# Hincreasing at record levels. However, as inventory levels continued to improve% p2 W4 _; q% K& h  l* k
in the third quarter the rate of price appreciation should moderate slightly4 A0 v! [2 Q7 O: i/ O
towards the end of 2006.
   
- Y* }# K9 n1 o& q4 B  x3 H$ p
While Vancouver has seen a slight reprieve from the severe shortage of/ B( d5 v4 Q& x5 _/ R; c
inventory that had previously characterized the market, supply is still unable$ z" i& i. Z2 Q- ~! N2 V( Z
to meet demand, driving house prices upwards. Vancouver has a very diverse) V0 _' R) _& u+ n# c( C' `+ W
group of active buyers - from first-time home buyers to baby-boomers to4 X9 y# t/ F! Y! t0 {' c, ]
foreign investors - all of whom fuel the demand for houses, placing added. }2 P9 w* P0 E: o/ W
pressure on tight inventory levels.# t; a4 X; y& j# ?0 t  U$ b! X

* }0 ?8 h7 v! a7 V& Q. D+ `    Victoria's market is vibrant and supported by strong economic
! S# u: w2 R- W# ?3 S! a* G! ^fundamentals, fuelled by a booming tech sector and a migration of young people$ @1 k/ J& x' m" W
into the city that has continued to support the area's house price increases;
1 |$ W( _* L2 q' {4 k5 c7 i& d5 z5 pwhile increased inventory levels have afforded buyers more time when searching- h7 j! i1 a' d& q( \; B+ _- E
for a home, helping to normalize the market's pace.
8 A0 a: t  ~/ ^8 x, a0 _0 E* ~1 b8 q) _$ q9 Y- q
    <<  r- f0 R, Q, X# a
      Survey of Canadian Average House Prices in the Third Quarter 2006
4 V% Y% n2 y9 K4 D$ z# _" o4 _' w0 d0 ?) X3 j
    -------------------------------------------------------------------------
3 R* D+ k1 x- j0 Q; B7 `                 Detached Bungalows                Standard Two Storey* z& \8 f" Z' S! x8 J8 z$ ^9 [
    -------------------------------------------------------------------------
1 \8 F7 |5 M1 m! Z3 s                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q3. g  O1 ]% }$ C3 g; [) o
    Market           Average     Average    % Change     Average     Average
. Y/ A1 m8 D9 |4 P7 Y( T) x, ?5 N( g    -------------------------------------------------------------------------, ^  }3 ~1 S4 C' n) D0 O8 p
    Halifax          186,333     173,333        7.5%     198,667     199,000! E) t2 N9 r  M
    -------------------------------------------------------------------------- P3 K( Q: _! w9 H. z
    Charlottetown    145,000     141,000        2.8%     175,000     170,000
1 l2 @7 s3 x2 f6 \    -------------------------------------------------------------------------7 U4 h8 j2 R( j' f+ g& p' }
    Moncton          135,000     127,000        6.3%     129,000     123,000
" O0 |/ R& J9 l3 G    -------------------------------------------------------------------------4 T0 a: e% \( t5 }+ a2 v
    Saint John       141,200     142,900       -1.2%           -           -" q9 C$ D% G+ {6 _
    -------------------------------------------------------------------------
, o8 c$ x3 R6 b    St. John's       143,667     142,667        0.7%     200,667     202,333# ]$ c& F% e' l: u9 c! C
    -------------------------------------------------------------------------
( b# |7 ]9 @! G+ r2 N    Atlantic         150,240     145,380        3.3%     175,833     173,5834 h' I: v( _8 `) r
    -------------------------------------------------------------------------% u6 b) n) W) s7 G0 U' Q5 o
    Montreal         213,691     203,500        5.0%     321,141     316,185
8 g" z  \# t, U( G7 E( X7 X  h    -------------------------------------------------------------------------& U" F- L3 T' v  \& S! }
    Ottawa           290,083     278,417        4.2%     285,667     273,250
/ R* f7 L) q$ H. U+ W    -------------------------------------------------------------------------6 Y- j" l/ Z! Y) ~2 P5 E: H7 J2 ^
    Toronto          373,368     355,882        4.9%     481,523     474,766* I1 ^4 Y  B5 T7 Y) }
    -------------------------------------------------------------------------
# d* E9 N* ~) u9 `$ U# l) j0 q' D    Winnipeg         181,579     159,860       13.6%     202,337     180,707' g9 P. A0 M/ |& ], |
    -------------------------------------------------------------------------
( Q3 k' ^4 J" g- z4 Q( `    Saskatchewan     170,667     156,083        9.3%     182,600     166,500
3 W7 B" [  P* z9 ]" J    -------------------------------------------------------------------------
9 {3 D; {2 H* T& V    Calgary          395,067     252,411       56.5%     405,778     264,389
/ m' A5 T, {7 P7 o0 B    -------------------------------------------------------------------------
/ a+ F& |0 v7 l, s  }( B    Edmonton         286,857     194,857       47.2%     316,429     206,714
- x/ o( v# M, w- |( _8 e0 J7 h    -------------------------------------------------------------------------6 m" W4 O# n3 ~( I9 Z
    Vancouver        704,250     601,000       17.2%     794,000     697,500: B2 }6 C7 O2 o* t4 S
    -------------------------------------------------------------------------
9 Y! {# ^8 }7 S& k" Z+ b    Victoria         375,000     348,000        7.8%     403,000     391,000, z2 b. Y) ^+ E
    -------------------------------------------------------------------------( t! W3 M$ e. M) m( B
    National         300,365     258,202       16.3%     365,380     322,860  `4 B; O9 a! g/ k5 [
    -------------------------------------------------------------------------
! I8 W  c+ H5 ]: \! ]# K
$ n2 o7 f( {/ p' f1 q    -------------------------------------------------------------
7 k1 a, W' v9 z- c4 b6 N                               Standard Condominium
, J$ s" ~7 S+ Y! i    -------------------------------------------------------------
& V5 x' j8 B" M/ X5 j- H                    2-Storey     2006 Q3     2005 Q3       Condo
$ x6 L( t- J9 e$ z* G( B% R    Market          % Change     Average     Average    % Change
1 N; p' V9 D0 N% b  K% V    -------------------------------------------------------------
3 c" S: i+ F4 u5 ]0 n* J) T: H    Halifax            -0.2%     142,000     103,000       37.9%
- s( g$ u/ l2 {    -------------------------------------------------------------! G* I7 v, E+ I
    Charlottetown       2.9%      98,000      98,000        0.0%
  h5 A9 q6 D; p9 ~; W8 q9 \8 a- ]6 c    -------------------------------------------------------------
2 M* B, ]" P4 M. M    Moncton             4.9%           -           -         N/A9 G: L& L. c# A9 |9 L: Y7 F! N5 [0 M5 B
    -------------------------------------------------------------
" A, c7 Y$ l% O  Q8 d    Saint John           N/A           -           -         N/A6 F' C% r3 D4 t* S+ |
    -------------------------------------------------------------6 \' n7 Z+ H( X" F/ e" n: r/ A
    St. John's         -0.8%     146,333     145,667        0.5%/ T% B3 o1 A6 i% |- F2 J1 m& B* u
    -------------------------------------------------------------
( T: j' F9 n; e, {9 @4 A/ Q2 x" n8 I    Atlantic            1.3%     128,778     115,556       11.4%, h9 j! Q' k2 a' }' V+ f
    -------------------------------------------------------------. @/ J0 }0 C/ j
    Montreal            1.6%     193,190     188,016        2.8%' ?. C$ n5 R# O! j
    -------------------------------------------------------------" C/ D$ j7 z, A; G5 u0 J
    Ottawa              4.5%     181,083     172,250        5.1%
" Q/ |+ r5 I' `+ F2 d) ?  |; t  y    -------------------------------------------------------------
! I1 t: M% g( p8 ^. d    Toronto             1.4%     252,088     242,918        3.8%' f" Z) S5 U; |% B, B5 d
    -------------------------------------------------------------  F1 L. _: D3 K) p4 J% G8 p
    Winnipeg           12.0%     105,648      96,008       10.0%8 j7 Y2 ?6 e5 E, {# X; f6 J
    -------------------------------------------------------------
! d' P2 ]4 `; ^5 q    Saskatchewan        9.7%     106,250     101,000        5.2%
. _& A/ k) x. P' Q  ~/ t! ~    -------------------------------------------------------------/ F" y% [0 j: V0 L+ q# @6 s/ [
    Calgary            53.5%     245,844     153,867       59.8%
: h7 h) n* H6 \* ~3 O3 _% M5 s    -------------------------------------------------------------  l* Q3 A- n/ @# V3 p
    Edmonton           53.1%     200,433     131,500       52.4%
! n8 O9 ?, f# o  L    -------------------------------------------------------------
! {! @2 @" Q6 `$ ]% n    Vancouver          13.8%     366,250     323,250       13.3%& q! i: R5 C% N0 {( o2 x* n
    -------------------------------------------------------------, B2 J2 P) ^! m. S
    Victoria            3.1%     229,000     220,000        4.1%) H. M6 y+ T8 f3 \
    -------------------------------------------------------------
/ y8 Q, w$ K! {! o2 z/ {    National           13.2%     211,562     185,296       14.2%  d5 _! Z4 i% Z/ V) X: |
    -------------------------------------------------------------4 p+ P  f: T  v% c5 q/ E  U5 i
    >>, j% B$ H# T! F* {0 b5 w
9 m9 C2 l1 x+ B4 C
    Average house prices are based on an average of all sub-markets examined$ \3 q+ v# ^- M
in the area, except for the smaller markets of Charlottetown, Moncton, Saint; h$ |  c3 y0 A" y* @1 U( y
John and Victoria.
5 k5 C( L  w) z1 W) {2 R3 T
  _; P; G% d, A0 |) s    The Royal LePage Survey of Canadian House Prices is the largest, most6 q  U; F3 Z$ n% ?
comprehensive study of its kind in Canada, with information on seven types of
( G! O+ M, x7 B0 lhousing in over 250 neighbourhoods from coast to coast. This release
9 O% C6 g3 f7 ]- oreferences an abbreviated version of the survey, which highlights house price
2 r9 l$ h; ]3 b9 h( t% s- Gtrends for the three most common types of housing in Canada in 80 communities
9 Q; ?* }5 @, Y  macross the country. A complete database of past and present surveys is
) @4 ~; J3 L3 w3 I& w2 |& m2 Xavailable on the Royal LePage Web site at www.royallepage.ca, and current: c: ~' I5 D1 b' k- m1 t# \
figures will be updated following the end of the third quarter. A printable
1 J$ f( [) Y* c6 r3 S# H8 Mversion of the third quarter 2006 survey will be available online on
% s. R. k; {; O" d, a0 C8 PNovember 15, 2006.
6 L4 n3 M2 L5 l; T6 x3 L8 L    Housing values in the Royal LePage Survey are Royal LePage opinions of
. }0 y% i- U9 K! _fair market value in each location, based on local data and market knowledge3 }0 f$ Y% |* ^. M( [- w
provided by Royal LePage residential real estate experts. Historical data is
; `" a9 p& Y' V) Y1 pavailable for some areas back to the early 1970s.
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