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Canada's housing market both vigorous and stable ; Y; _, a: p/ ^+ ?* r! m. Z: |
^7 c, V9 J3 u3 @8 t
- Country's market poised to show growth throughout 2006 -
$ o! J8 Z( o' f: j r
" b4 U- @6 G4 | TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market
6 y7 q; z; I' z* cexhibited moderate price increases and stable unit sales during the third
3 c. [, r8 @6 `* s Y- \+ P( Z" \quarter. Wide regional variances continued to be the dominant characteristic, Y7 ?- d' o* @
in the market, exemplified by frenzied levels of activity and double digit4 M- s( [; K: P" j* d7 w' P
price gains observed in the energy and commodity rich Western provinces, and- N" B/ U7 W: H: V8 g% K8 u! k" t
more reasonable sales volumes and moderate price appreciation in Ontario,
! V. F( o" U9 V! X7 C% p: JQuebec and Atlantic Canada, according to a report released today by Royal/ ~1 o5 G% G5 \
LePage Real Estate Services.! V& g& {' n( b/ H3 i
1 {; Q. A5 ~' F' y+ Q5 V% S Nationally, market trends established through the first three quarters. E3 P/ t% ~5 L
are forecast to continue for the remainder of the year. Robust economic
% a$ q3 a$ a# |conditions, low unemployment rates, modestly growing salaries and wages, and
]2 G9 b9 R7 N1 Y C5 psound consumer confidence contributed to the overall strength of the; c& l. }7 q; \& J. {
residential real estate sector.( h. A8 T% J( r+ C$ ^- b. q
6 O2 i. u2 V0 _" b
Of the housing types surveyed, the highest average price appreciation
3 ^8 b; ~3 P5 s9 E: coccurred in detached bungalows, which rose to $300,365 (+16.3%)
0 |3 g; ?9 d6 @& Z) D$ Oyear-over-year, followed by standard condominiums, which rose to $211,562
7 N1 B+ _5 v# o9 U2 A8 C$ N(+14.2%), and standard two-storey properties, which increased to $365,380' @8 s0 `5 i7 Y X, T# H% V4 X
(+13.2%).* p2 o0 P7 L5 _$ i
. H& M `1 `" N) f( X "Canada's sturdy housing market continued to demonstrate steady growth
8 y# G. Q* e5 q7 Y& m4 `3 oduring the third quarter. For all but the west, we have moved on from the
- I! D: w7 r% x; M1 ~frenzied expansion that characterized the first half of this decade, and are0 j( b6 h1 p: c( ?% }. O+ o- W/ [
poised to show continued growth at a more moderate pace," said Phil Soper,
& i, g; R4 l5 _# v. y. u! h1 b- u# Rpresident and chief executive officer, Royal LePage Real Estate Services.
% l: |: ]" n( l) N' ["Gone is the sellers' market that we have lived with for some years. We; }. d2 i4 w6 q, j
welcome the more reliable conditions that are characteristic of a healthy* A( @7 Z2 J- `# E# _, H4 u
balanced market."
0 ~$ y. A7 b: b8 |/ R, ^- o8 I3 F3 ~9 b: O) k
Despite the double-digit rise in average national house prices," r) e+ g* r& B2 \, v0 {
considerable regional variances were exhibited again this quarter. The shift
% i6 Q2 s1 ?( c$ Q" y/ r ^' n$ {to balanced market conditions, which began in late 2005, has continued3 |, {0 j! _" G$ l( W0 A0 j8 X
throughout most of the Central and Eastern regions of the country. In the core" t- y( Q: ~9 P. e0 v2 @
energy producing western provinces, the combination of very high in-migration,3 x( b( i3 N! o* V" a2 X- O
manageable affordability, and a shortage of inventory has driven record
+ W& W! W% d4 f5 Ebreaking price appreciations.: a. |- o0 F# q
0 B2 N( O* w+ M$ a Echoing the second quarter and supported by Alberta's rapidly expanding
* f* w3 k$ m' ~8 `1 Z zeconomy, Calgary and Edmonton led the charge of Canadian cities with the) A0 {! h B$ i4 Z% ^! k' p! P
largest house price appreciation in all housing types surveyed.
- [0 @2 _7 \" [5 n3 ?9 `5 A6 _9 [$ B" M+ F, u) e
In Ottawa and Toronto, growth remained steady, supported by solid
7 \0 Q8 _1 f+ |$ @economic fundamentals, an increase in available inventory and strong consumer( N ~. g$ z. `
confidence. While the pace of price appreciation in Ontario leveled off
" m1 w% T M9 `: Hslightly, the province's real estate market remains poised for modest growth.& q( l5 c) X5 T- G h
In Atlantic Canada, new housing and condominium construction offered buyers
0 j& p3 h6 h$ @greater selection at more competitive prices, resulting in a slower rate of, F8 i1 t& p5 n- ?( H4 Z8 H% F1 J
price appreciation when compared with 2005.
3 u: ]& Y, t7 ]( {, q, C9 q( x% n
b' E* N- K6 U9 V4 ]$ g While the pace of growth in Canada has slowed, the domestic housing p( ?2 n% @, W) I* Y( H
market is expected to outperform the American market. The economic and0 V' H5 ]8 |+ i( m2 K- c* p/ t7 s
financial fundamentals driving the residential real estate sector in Canada' P1 T! \5 M) [. c
are markedly different than those found in the United States.
, b' L: t6 w! w/ ~6 l% J' C; w. u9 _: v/ m( T, _
Added Soper: "Canada's housing market is likely to outperform the
* [7 D% j7 U. B0 L5 qAmerican market through 2007. A number of factors are working in Canada's0 a; K5 }+ Y2 w2 @; N( K2 ~4 [6 b
favour, including healthy personal and governmental debt levels, the
6 \& E- I3 J! x. ?relatively modest rise in interest rates in our country, and general
. x! F E6 _7 l9 V. Yaffordability in our major cities. In addition, Americans are now seeing the
, D5 O6 v+ q6 S4 ydownside of a tax system that encourages maximum homeowner leverage, and1 `, `1 Y7 ~! u8 g: F& @# ?3 [
aggressive financial products such as zero- and negative-amortization
! h4 Q3 X3 \6 I7 k5 V7 emortgages that work only in a high price growth environment."9 d7 E3 R1 a0 S% \
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<<$ L7 U+ C: Q9 g( y# E9 u4 \2 `
REGIONAL SUMMARIES9 p' N' g" _* b" W# ^8 |) ~. I
>>
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* Q( j5 s3 F+ e$ z& e- e) D" b0 s Balanced conditions continued to characterize the housing market in7 D$ ~" Q( ?/ d2 ?3 N+ d6 y' ?7 z
Halifax, as significantly higher inventory levels helped to moderate the rate4 u4 o+ i/ [" w: }7 y7 h, M) M
of price appreciation. Buyers were increasingly choosy, taking more time& d( w7 y. O* o* o$ l* L
looking for newer, low-maintenance properties that were not in need of' f, f. I. S; C* {6 p( D8 N
renovations.* o# i2 G, v; ^ P9 g7 s
9 [/ B; W! V. g6 E
The housing market in Moncton remained healthy and strong as a slight$ i' z. Q! l9 v7 @3 a3 {1 ]" u G
increase in inventory helped to moderate the rate of price appreciation
6 N; o- Z* M/ i* scompared to the same period in 2005. Activity was brisk throughout August and
3 M$ L& c S1 t u! v6 e0 \September and is expected to remain this way through the fourth quarter.
% \! w' X( L, A( S: P1 }0 L9 D% f/ o4 |8 ]) m6 N- C+ o! v
The housing market in Saint John underwent its traditional summer. `) @8 \* H. } ?1 o" d
slowdown in the third quarter, with activity picking up towards the end of the
8 D8 O# j$ \- F& D3 {quarter. The local economy continued to thrive, as construction on a new
5 t" e# A) S& f8 O! x600,000 square-foot shopping area has begun, bringing several new box stores) F9 A8 E6 C( t' C) n! }
to the area. Buyers have begun seeking less expensive fixtures for their homes
$ t1 ?: {. ^9 a9 vand are instead opting for more affordable housing options.5 p- R8 O( K3 Y
: r+ o2 p% W- ~3 m/ n, ]
In Charlottetown, the housing market started to move towards balanced
1 E: K# R" d2 Cconditions, as some sellers had to begin to lower the asking prices on their- T2 f( W$ |* P; W. @1 f6 A+ m
homes to make them more competitive. Activity from out-of-town and US buyers
+ g' m: k# ]1 g6 A y) g' uwas down slightly compared to 2005, likely attributable to the strong Canadian
, @6 p6 B- k! d: o: j: c+ X. udollar. Inventory levels began to creep up in the third quarter, providing/ E: J& ]; S3 E5 V. H
buyers with more options when looking for a home.
& U# C$ j9 c1 K, k W/ R! U7 p ^; |* b* Q8 j
Activity in St. John's slowed slightly in the third quarter, particularly
7 t5 U+ q' J5 m# } qamong higher-priced properties, where there was a slight over-supply of homes/ n2 a# b4 d2 z* B( z! |
priced over $200,000. Listing periods have increased when compared with 2005,/ L, j C" }6 b" D6 H% M% m
as some of the pent-up demand that had characterized the market over the last9 z2 S4 w6 E, `) m7 [6 ~4 p" p
few years has been satisfied, resulting in more normal, balanced conditions.
! h$ Q) }) O8 X4 _& W# v9 L
8 S! f& m% K+ \8 S Montreal's housing market recorded modest increases in average house3 c( W, j0 ?% S2 V9 g+ a2 K
prices, due to a slight seasonal slowdown in the third quarter as inventory
/ W {( [: r6 q# e2 slevels rose. Part of this can be attributed to the fact that many renting
( l v2 H+ s6 ?first-time buyers were motivated to close on the purchase of a home by July 1,
1 [" o2 o m) s0 t, \" e. `' C( Twhen rental leases expire in Quebec. Once this date has passed some of the
* n8 u4 O3 y- e0 F5 [% Gpressure is taken off the market, allowing buyers to visit more homes before
0 H! g- _% f2 Q' ~4 m* {5 _making a purchase.
7 s( |0 ?! F2 a/ N5 i& ?$ k" |/ T4 j) G2 F9 ?# E5 j; d
Ottawa held its position as one of the country's most stable housing, r4 ~( r4 u0 B# U; f* `- D1 u" q
markets in the third quarter, reinforced by a vibrant local economy and strong+ x0 M# d0 `: O- w( i
confidence, resulting in modest increases in average house prices. The city, e9 Z8 t# B: I; [% s
centre remained a bright spot in Ottawa, with homes in this area attracting
6 B! [& S( H4 s; F3 `: E" G! Y& xattention due to their convenient location and proximity to downtown/ O% s* }8 n- \
amenities.) c1 q6 l8 K+ r7 f3 V2 e6 y- d3 U
9 v/ [+ {" Q& z6 u The housing market in Toronto sustained healthy activity levels
' M$ I5 a% q- x! l! R) y9 ^throughout the third quarter, as a strong economy helped to maintain demand
; i: X) s+ X+ l4 N' R' Y5 Z3 qacross the city, causing average house prices to rise moderately. Toronto has% o7 G* K+ f7 x- j1 E- n+ X
continued to experience modest growth in average house prices, and has been. ~$ q- [ i# i4 q& \' O. \
driven primarily by purchasers who are buying homes as their principle8 i% e. b+ {7 u+ u
residence, rather than for investment.5 {. j8 M# X# s* `9 o R& s5 J
5 J! f/ l7 _6 t
The vibrant Winnipeg housing market continued to show its strength as
0 E; B% @6 E8 khouse prices rose during the third quarter. The booming local economy resulted$ P8 r: W5 U1 l$ }; J
in a historically low unemployment rate, helping to bolster consumer
1 X0 ~9 Y5 P2 y4 |+ [( Cconfidence and Winnipeg's ranking as the city with the lowest capitalization1 k9 l1 ?2 N3 n0 w& n7 L
rate among the country's larger cities - helped to encourage buyers to enter
8 A% n3 X4 n8 ]7 a4 B. f, G1 T2 rthe market." D5 I* A9 O- v
9 B4 ~" x; p [6 n# j% M+ Z In Regina, the market experienced a slight seasonal slowdown through
" F, l! l, h4 n) y- k& G6 d4 EJuly, as there were fewer purchasers in the market due to summer vacations. In: n, r$ |% B7 p; V2 H% Y
August, activity resumed to the busy pace previously seen in the spring
C! n8 ?+ g$ e7 { Gmonths, as the influx of purchasers made it more difficult to find a home due
_2 _$ ~! `% R8 V* w' R0 J# oto the shortage of available inventory.1 k& ]. L$ U3 R
. y' O. w0 s- `2 _ Activity in Saskatoon remained brisk as the market maintained its
4 ]8 _2 @& L) T* Qmomentum from the busy spring sales period. The economy in Saskatoon remains
$ C& H# J' g! g2 W" Y( x+ w2 }( n O) `vibrant, as employment opportunities are abundant with many businesses
: ?5 U9 L, I+ ^8 z: Tstruggling to make hires and having to recruit outside the province.9 o* o' R. f& `
2 e) x% \3 J' X1 v
Calgary's housing market recorded blazing average house price increases
5 X' A0 @. j! Z5 v2 ~( Tin the third quarter, in all surveyed categories. The burgeoning economy, low) g9 b/ L2 C& N+ `# I+ ^" e' u3 ?
unemployment rates and low inventory levels remained the leading factors that
; k0 `: m6 J4 tpressured Calgary's house prices upwards. However, regardless of the soaring
1 c1 x% t# i9 L i* i; Gprices that characterized the market - even during the typically slower summer
8 v% k: G3 t4 v. Vseason - it is expected that activity will become slightly more balanced, as* u# I6 p0 A8 r0 k D+ l
buyers are becoming more reluctant to participate in the frenetic activity.
7 B a, T( D! {( d( Y& m) B. J
% F) B; ^; ^+ P" o5 Q Edmonton's booming local economy continued to thrive in the third quarter
A+ {0 o1 b. w; t. Z5 }as activity in the oil sands north of the city continued to flourish. Edmonton, W A8 D, W. ^6 p l, i( y6 |
remained the hub of activity for those coming to work in the oil industry,
4 k- ?5 H! u8 m Z H7 o( Smaintaining tight inventory levels across the city, resulting in prices5 M. B- Y" t0 S% N
increasing at record levels. However, as inventory levels continued to improve
9 L( y" r$ ~0 n! ?4 @3 Vin the third quarter the rate of price appreciation should moderate slightly, m/ g9 \4 ~$ w
towards the end of 2006. + U: m3 ]1 c5 H
' Z$ H: @" l% M4 D, h# B Z
While Vancouver has seen a slight reprieve from the severe shortage of4 |6 M2 ?0 Q5 Z2 N
inventory that had previously characterized the market, supply is still unable
2 o0 t1 L% v% q- d- y5 Vto meet demand, driving house prices upwards. Vancouver has a very diverse
7 a9 B! l1 O3 u5 A$ ggroup of active buyers - from first-time home buyers to baby-boomers to5 h$ Y; b/ ^7 D1 ]2 z6 n5 D5 e# B. l
foreign investors - all of whom fuel the demand for houses, placing added
8 A0 J- C$ P2 v" \: A8 G2 Z8 bpressure on tight inventory levels.
% n; s8 S, e* h. S
, A7 f ], K* W: ^ Victoria's market is vibrant and supported by strong economic$ n' H- Z, Q% `* l
fundamentals, fuelled by a booming tech sector and a migration of young people7 v' y, L% ]: S, {& d
into the city that has continued to support the area's house price increases;
+ j7 ~& {& \& X% b) z5 [while increased inventory levels have afforded buyers more time when searching/ h( l @- d- d* U
for a home, helping to normalize the market's pace.6 M" C7 \" a( c/ ]4 M1 r7 J
: @( M/ W% ~4 ?% y
<<+ L; m5 Q, k% Y: v" ]
Survey of Canadian Average House Prices in the Third Quarter 20065 k$ R' I' c6 D, L2 N+ K& w$ P2 M
* {, C& P u; @) F -------------------------------------------------------------------------3 m6 Z E2 b2 a8 V5 p! \
Detached Bungalows Standard Two Storey
; g! X: Z0 o" G* L3 s8 S( n -------------------------------------------------------------------------
! Y& [2 T$ i5 [( b 2006 Q3 2005 Q3 Bungalow 2006 Q3 2005 Q3% W0 q) q! o3 B. w
Market Average Average % Change Average Average
/ ?8 s/ a+ z+ _7 Z, H6 I -------------------------------------------------------------------------) f% |/ x; w$ F: J2 L; B5 J) ~
Halifax 186,333 173,333 7.5% 198,667 199,000 T- i9 T" d% E1 H& j
-------------------------------------------------------------------------
' }: f& h- w3 T7 F; V Charlottetown 145,000 141,000 2.8% 175,000 170,000
0 \1 {0 Z8 \: n" R: ]; H -------------------------------------------------------------------------
7 X( ]! k( I9 g4 y, ~4 n, r Moncton 135,000 127,000 6.3% 129,000 123,000
/ S d8 S. Q$ A& ~ -------------------------------------------------------------------------* O" H1 H# l0 z$ T$ h9 s8 [
Saint John 141,200 142,900 -1.2% - -) _4 q6 X) d0 V, w4 l
-------------------------------------------------------------------------
* B, T8 S: Z" Q# q2 w) [/ H St. John's 143,667 142,667 0.7% 200,667 202,333) v( D1 j' @/ h0 X2 U1 M* T! p
-------------------------------------------------------------------------
) Y* i$ \1 n+ G2 ` Atlantic 150,240 145,380 3.3% 175,833 173,583
1 ?3 n1 C9 u7 B1 o5 ^5 `1 `. z -------------------------------------------------------------------------
; j! P" |" ~+ R1 G" A Montreal 213,691 203,500 5.0% 321,141 316,185
4 T' F$ M! B1 C x3 B9 A( n- M* h: c -------------------------------------------------------------------------
7 @4 Y) m4 x* d# E5 P: L5 @ Ottawa 290,083 278,417 4.2% 285,667 273,2506 S, L- P& K" U W) n. \
-------------------------------------------------------------------------0 Y8 a. s2 j1 s( R o' t
Toronto 373,368 355,882 4.9% 481,523 474,766
: }8 b' A: L0 Q0 G5 A M -------------------------------------------------------------------------" K+ [8 x7 w& W- E" V2 @4 D
Winnipeg 181,579 159,860 13.6% 202,337 180,707
! p0 d4 I2 ~4 i$ c B4 D -------------------------------------------------------------------------
" {) m( ?, w, _/ X, } Saskatchewan 170,667 156,083 9.3% 182,600 166,500
4 G* ^5 b, t% i2 C5 @ -------------------------------------------------------------------------3 e$ n8 {3 R5 I I: N ^# G0 [
Calgary 395,067 252,411 56.5% 405,778 264,3898 @$ P1 ]/ z* l8 m( ?+ p7 b, n" O
-------------------------------------------------------------------------
) V, i" A! F, ~ Edmonton 286,857 194,857 47.2% 316,429 206,714! U" ^ [/ G; h1 I
-------------------------------------------------------------------------4 l, @% q7 \" z, q$ N. o
Vancouver 704,250 601,000 17.2% 794,000 697,500
% v4 ~9 e% s% W. t' Y4 M -------------------------------------------------------------------------/ K) t$ T& r. _& j" S$ X
Victoria 375,000 348,000 7.8% 403,000 391,000
; _( ]# \4 C l) K3 m -------------------------------------------------------------------------2 o5 }% W0 p# U
National 300,365 258,202 16.3% 365,380 322,860( i1 m4 l1 x- L* \" W
-------------------------------------------------------------------------" O5 h% L/ z4 N" ?5 ]* X! F
& S: |9 y4 u1 F: D5 I4 n0 e0 K -------------------------------------------------------------9 P- @ l: h8 ?& Z" e# P
Standard Condominium
. c4 C1 P, ^+ F$ H -------------------------------------------------------------
+ z) a3 _2 ?3 T* d& e7 R% k 2-Storey 2006 Q3 2005 Q3 Condo) ~% W& w o* B+ @" j3 q+ x
Market % Change Average Average % Change1 f1 P3 ^) P2 x0 \0 i0 l
-------------------------------------------------------------/ M8 Y! B4 u r. I
Halifax -0.2% 142,000 103,000 37.9%
. F% ^) `. A" G+ c1 G -------------------------------------------------------------! u) `- P1 u P
Charlottetown 2.9% 98,000 98,000 0.0%
3 \0 @7 E2 F5 {; m% u. O i% }/ U -------------------------------------------------------------3 e1 N0 ?: X& Y: N9 h' [
Moncton 4.9% - - N/A& Z( V8 M1 w! `' ]- i+ R
-------------------------------------------------------------2 `/ _& {' V! H: [/ A5 w% F
Saint John N/A - - N/A
2 q" j# z2 a* ~. [: O' d -------------------------------------------------------------2 w0 q* D6 t- a- A
St. John's -0.8% 146,333 145,667 0.5%
& ?3 X) J1 z5 e2 W$ } -------------------------------------------------------------3 E- E" r8 Y( S' d9 F/ i/ |* x
Atlantic 1.3% 128,778 115,556 11.4%
8 m# |) Z# z9 c. K4 h -------------------------------------------------------------
2 J- o1 Q$ D& J4 r; v Montreal 1.6% 193,190 188,016 2.8%7 _9 P; n h: c( F: S: r" k4 w
-------------------------------------------------------------# x9 `( R9 m8 n7 L& T+ e1 E9 F2 v
Ottawa 4.5% 181,083 172,250 5.1%4 k/ Y' P# W9 _% {' F
-------------------------------------------------------------
h. P3 O1 F5 W2 y4 j3 W) ]% [ Toronto 1.4% 252,088 242,918 3.8%- a% x/ |& r" h! c/ o6 k Z0 S
-------------------------------------------------------------
$ b( U. c2 H' `) C4 t Winnipeg 12.0% 105,648 96,008 10.0%; q# E7 k& O: Q5 K% p- K
-------------------------------------------------------------
. p6 v9 C3 Y+ d) ^, k5 h+ u Saskatchewan 9.7% 106,250 101,000 5.2%1 Z* f- [4 U% l" y! q% F+ ]5 G
-------------------------------------------------------------
1 h$ n1 V: i% c Calgary 53.5% 245,844 153,867 59.8%
- I o- F' E) F2 P9 R" I. U5 C -------------------------------------------------------------" l* ^4 n, f5 ^' N3 ?
Edmonton 53.1% 200,433 131,500 52.4%. Z$ v% U5 s. `- u7 g# [
-------------------------------------------------------------" Y2 f8 E, k4 R, I! A V
Vancouver 13.8% 366,250 323,250 13.3%/ E+ H% `; v) b# [( [: w* r) `9 A
-------------------------------------------------------------8 U0 A% M) W0 ]( P7 t1 | c- V X
Victoria 3.1% 229,000 220,000 4.1%& u. H& {/ O% h$ [7 i, n, b, I
-------------------------------------------------------------
) J9 M# m5 g5 E/ w: [) Z National 13.2% 211,562 185,296 14.2%8 b7 m) J; v0 W6 |
-------------------------------------------------------------/ w( F4 \8 _/ ~2 l. M5 o( A
>>5 E" I/ |& i5 E( ~7 u& m# `
8 g+ p! k- C2 j y6 e Average house prices are based on an average of all sub-markets examined
) n! E& J0 e7 Y+ o$ A- A+ _in the area, except for the smaller markets of Charlottetown, Moncton, Saint9 D% }, \" R+ N6 S4 m$ z. v# k7 o
John and Victoria.$ e0 v; L# V$ p: M/ @! j& v
, y2 s {2 m/ Q% D, z8 S The Royal LePage Survey of Canadian House Prices is the largest, most4 P$ L. c* b7 w
comprehensive study of its kind in Canada, with information on seven types of
" J. {3 e) A8 q3 Uhousing in over 250 neighbourhoods from coast to coast. This release
0 b2 c5 X5 R( d" S0 W1 J" preferences an abbreviated version of the survey, which highlights house price
" b, n: {! B) M0 X) g0 b! gtrends for the three most common types of housing in Canada in 80 communities
6 e; }# V& r% m( Kacross the country. A complete database of past and present surveys is! r6 B$ \3 v- v% Q9 `# n6 f! u
available on the Royal LePage Web site at www.royallepage.ca, and current, `! b1 }" H: m6 k+ `& k
figures will be updated following the end of the third quarter. A printable7 o/ d% b: X* z" z# _
version of the third quarter 2006 survey will be available online on
& B" p: L9 R+ ^7 sNovember 15, 2006.% q+ u& \5 s7 h/ d5 F6 s
Housing values in the Royal LePage Survey are Royal LePage opinions of
9 m& f/ A& i' _2 |fair market value in each location, based on local data and market knowledge
. [! o: _* `* V5 e Q Qprovided by Royal LePage residential real estate experts. Historical data is: R& s7 n* P; m2 J5 ~ @) h
available for some areas back to the early 1970s. |
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