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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 1 X  G, l7 i# Q& C& i
7 z/ r! }: R+ I; W0 I& ^$ T$ k8 c4 U
- Country's market poised to show growth throughout 2006 -7 y2 J" u$ T% @9 _$ F1 j& E4 R8 W4 a
: x/ N# f1 |; z  g+ m. K* P' H, C( v# K
    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market& A6 F9 q4 E% ?' _- }2 V
exhibited moderate price increases and stable unit sales during the third& }2 y1 K; E7 {9 Y
quarter. Wide regional variances continued to be the dominant characteristic2 f) Y/ l7 m* A. d8 H  n9 h  a
in the market, exemplified by frenzied levels of activity and double digit
' c% m6 a9 ^) A7 J  f) Jprice gains observed in the energy and commodity rich Western provinces, and/ }' y2 Z' w5 X& ?' `
more reasonable sales volumes and moderate price appreciation in Ontario,
% R5 I: M1 }6 a9 k0 [. E7 w0 j, }# {$ T+ IQuebec and Atlantic Canada, according to a report released today by Royal8 A- }6 x3 r/ Y. Q$ @2 y. }
LePage Real Estate Services.
( R! N* p# u* x0 C
) ]9 G0 V4 R  ~2 P* ~2 z2 K    Nationally, market trends established through the first three quarters
' f' z# i) L/ iare forecast to continue for the remainder of the year. Robust economic( m* w+ q/ K2 \9 t; p+ L8 _
conditions, low unemployment rates, modestly growing salaries and wages, and; m5 ?3 H; @+ k$ U2 S- @0 }; q
sound consumer confidence contributed to the overall strength of the
; ^! z6 I2 g- a( k! U" Wresidential real estate sector.
8 P9 E. ^3 e( w9 [7 H+ t) N
4 I& A8 I( J) j4 J6 V3 K    Of the housing types surveyed, the highest average price appreciation
& G( Y  j( W5 B5 W2 G. j8 Doccurred in detached bungalows, which rose to $300,365 (+16.3%)* m$ e% k& E. X
year-over-year, followed by standard condominiums, which rose to $211,562% F: X8 @" ~" a+ N" g% Q' ^
(+14.2%), and standard two-storey properties, which increased to $365,380$ j9 p4 j3 A. c: Y' Z4 z
(+13.2%).- w. s7 D9 \4 Y. W6 J2 x0 J

9 j  Y, V% A& o: S, U    "Canada's sturdy housing market continued to demonstrate steady growth) z! h+ P  Y; F3 B7 ]; C, R
during the third quarter. For all but the west, we have moved on from the( o  V0 P5 v. W# U" C1 k
frenzied expansion that characterized the first half of this decade, and are
' _6 W! k6 G( r5 h4 A- r: rpoised to show continued growth at a more moderate pace," said Phil Soper,
$ c( R5 t9 K3 g) Rpresident and chief executive officer, Royal LePage Real Estate Services./ ^" f0 r7 ]; U7 f- N9 Z/ P
"Gone is the sellers' market that we have lived with for some years. We% b. L: K6 Z8 g, x% X/ [
welcome the more reliable conditions that are characteristic of a healthy
% o) [1 C' B, Q, ^2 [balanced market."1 j+ z2 T! r, |  y$ e

4 s" r5 p7 J3 I    Despite the double-digit rise in average national house prices,7 l" z/ Z7 j+ J' z) p6 r( X0 u4 M7 s
considerable regional variances were exhibited again this quarter. The shift
/ A% A- V2 r7 M& f) g4 gto balanced market conditions, which began in late 2005, has continued- Q' {3 R. }/ g0 t5 \. U
throughout most of the Central and Eastern regions of the country. In the core
7 D' j/ z7 n7 I! w& Qenergy producing western provinces, the combination of very high in-migration,9 C. m; w; `9 {, z
manageable affordability, and a shortage of inventory has driven record2 k; ]5 r4 Y5 T- \# p, B
breaking price appreciations.
, U/ W% u, O+ D* U$ C' b: e! z3 T: W
( ^- T) x! P. D, ~    Echoing the second quarter and supported by Alberta's rapidly expanding# n, x& D- y$ T( F
economy, Calgary and Edmonton led the charge of Canadian cities with the: z7 k) q" N  E) f, I
largest house price appreciation in all housing types surveyed.# ?5 l. D9 j7 Q

( ~* P) E/ T0 g. ~) h$ g4 o    In Ottawa and Toronto, growth remained steady, supported by solid
; n: X. K& B! Ieconomic fundamentals, an increase in available inventory and strong consumer9 o% j- c  F$ J( [8 J, c( C
confidence. While the pace of price appreciation in Ontario leveled off
; Z  }, D( Q/ yslightly, the province's real estate market remains poised for modest growth.
5 T+ j6 z: C9 \" h* ^  H8 s5 [In Atlantic Canada, new housing and condominium construction offered buyers
% o7 t% E1 P6 @( mgreater selection at more competitive prices, resulting in a slower rate of
$ y$ ?! s2 I4 U5 P( eprice appreciation when compared with 2005.
- ]6 w, F7 M' V; e( q* a: c! v6 ^: i) r- C; G% ?- w# ~
    While the pace of growth in Canada has slowed, the domestic housing0 v" \1 t) {3 m0 {& E, G
market is expected to outperform the American market. The economic and
( D7 C! W: @" F8 ]% f; Qfinancial fundamentals driving the residential real estate sector in Canada! I/ Z9 R  T3 _! s+ b3 v
are markedly different than those found in the United States.
; [  q* W8 ?; t% A: j) c$ ^" Y) B' J' o! E; E
    Added Soper: "Canada's housing market is likely to outperform the: O8 A* Z4 W1 D/ {
American market through 2007. A number of factors are working in Canada's
4 S+ n( X8 Y6 h* qfavour, including healthy personal and governmental debt levels, the
. z1 B5 l# Y' z8 w. P4 |5 lrelatively modest rise in interest rates in our country, and general
' I* ?+ @* K2 e" _affordability in our major cities. In addition, Americans are now seeing the
: c( c# _( |) pdownside of a tax system that encourages maximum homeowner leverage, and) S0 K& M7 S8 U* @# @8 ^3 Y* D
aggressive financial products such as zero- and negative-amortization
' h" j# p$ _( ~# m( Pmortgages that work only in a high price growth environment."
' d2 l6 E0 P7 g" ^* Y5 q
0 t8 Y- K9 Y% ~# J" H    <<! Y3 ?& y* x+ H# E
                             REGIONAL SUMMARIES- {$ w* {% G: d: ]: y$ L
    >>; k! F9 f- e9 Z6 d, o* {6 \
, h% a  V" r6 H* z( b" j
    Balanced conditions continued to characterize the housing market in* I2 J: m5 R. X5 @9 O
Halifax, as significantly higher inventory levels helped to moderate the rate
& ~& T! A& D" ]( N: h* X0 I5 p7 jof price appreciation. Buyers were increasingly choosy, taking more time% S& C) q2 S1 r6 s1 o5 G6 ^' A" L0 ^
looking for newer, low-maintenance properties that were not in need of8 K8 V8 A! N  e
renovations.1 @9 @3 P" j# d8 A' r" l) J
0 {; I& v0 D5 L7 z
    The housing market in Moncton remained healthy and strong as a slight
: o: X% a- X( m# Gincrease in inventory helped to moderate the rate of price appreciation" W, W8 ]0 y% I
compared to the same period in 2005. Activity was brisk throughout August and2 Q' c) C4 o$ |6 v6 S6 e; T, B/ [
September and is expected to remain this way through the fourth quarter., B# W5 Z1 I4 }/ o! M% \+ y
( Q! n: t$ Z9 g( g' Z
    The housing market in Saint John underwent its traditional summer
8 `2 N: E* a# _4 G' b' G  K/ v; cslowdown in the third quarter, with activity picking up towards the end of the
$ J- o5 E" y2 p& _quarter. The local economy continued to thrive, as construction on a new
- L- X, Q& ~; W5 [. z+ Q' Z$ Z600,000 square-foot shopping area has begun, bringing several new box stores
( b/ @0 g4 q9 o3 a3 k; e& M" Gto the area. Buyers have begun seeking less expensive fixtures for their homes* ]6 `1 ^7 m! |! P# G! a
and are instead opting for more affordable housing options.
& [! @" Q/ E% }! v, c; Y* c3 W+ ?- Z  {( Q" G8 F
    In Charlottetown, the housing market started to move towards balanced
, I6 l4 v7 |) Y3 mconditions, as some sellers had to begin to lower the asking prices on their
; g: Y+ ]4 f3 V: H/ q5 dhomes to make them more competitive. Activity from out-of-town and US buyers
6 g' e# ]2 I  H0 ]was down slightly compared to 2005, likely attributable to the strong Canadian
4 B+ K5 x2 o- q7 P( Jdollar. Inventory levels began to creep up in the third quarter, providing8 m1 B9 A8 o: R8 Z) a+ f
buyers with more options when looking for a home.8 j  `6 D' s2 R" B

3 h( }- N( V' p4 C6 t3 `: A    Activity in St. John's slowed slightly in the third quarter, particularly) q5 l" ?- w% u: u8 l( E8 U
among higher-priced properties, where there was a slight over-supply of homes
9 v/ e* @$ E7 a/ b: upriced over $200,000. Listing periods have increased when compared with 2005,
/ x* J8 R7 P, A0 p8 J. n, mas some of the pent-up demand that had characterized the market over the last# m$ H% n: U0 p1 o$ o
few years has been satisfied, resulting in more normal, balanced conditions.0 A) `$ P  y- Y) |: J2 j- T/ G
# w* c# a/ Y( U2 K; V1 ~3 P% `5 n, N4 A
    Montreal's housing market recorded modest increases in average house( B1 [# T4 p9 t
prices, due to a slight seasonal slowdown in the third quarter as inventory
" T. U: h0 I# llevels rose. Part of this can be attributed to the fact that many renting
( k: C$ \$ T4 c0 B4 w. V6 w0 o' S+ xfirst-time buyers were motivated to close on the purchase of a home by July 1,
4 v: {" x1 Y3 K" |% H9 Kwhen rental leases expire in Quebec. Once this date has passed some of the
! T2 O) n" h/ d; s( Q) I/ Gpressure is taken off the market, allowing buyers to visit more homes before
9 P& P' l  [3 L) O, z& ymaking a purchase.
; C- r5 S9 S3 u7 O9 F4 o1 b9 n: I5 v4 B! ?" Z1 L! ^
    Ottawa held its position as one of the country's most stable housing& @1 {+ d% A# u* l1 L' F9 h  ]
markets in the third quarter, reinforced by a vibrant local economy and strong
5 n* {& l; Q# }7 e/ z% cconfidence, resulting in modest increases in average house prices. The city9 u- r# |" a% I* {- B
centre remained a bright spot in Ottawa, with homes in this area attracting
) e# ]3 ?4 q) _  r) \0 Hattention due to their convenient location and proximity to downtown9 y+ `& s& m# G5 \, F
amenities.
) [& _( b1 C" ^8 \8 i
5 w5 Z# Z: W( Z+ p7 Z. Y. \- G* ~    The housing market in Toronto sustained healthy activity levels) J4 q7 p( g& O/ @
throughout the third quarter, as a strong economy helped to maintain demand" w0 H' E0 ]8 _9 f& `5 ?
across the city, causing average house prices to rise moderately. Toronto has% I; t$ N9 s! T4 D% A
continued to experience modest growth in average house prices, and has been
& n& x. O) A3 I/ T1 i% s. i, mdriven primarily by purchasers who are buying homes as their principle
4 v2 _' E) s4 c+ Zresidence, rather than for investment.3 C" ]5 `' r! j9 A: \8 I

$ ]( `" n5 Z. U4 P$ y! Q    The vibrant Winnipeg housing market continued to show its strength as; U/ ~& N8 d  ~  r; g
house prices rose during the third quarter. The booming local economy resulted$ ]/ z# M/ M0 q" @+ C# O% {' S
in a historically low unemployment rate, helping to bolster consumer  l! J  B3 j5 g$ P' U1 c) z$ S
confidence and Winnipeg's ranking as the city with the lowest capitalization
: P. o% @# Z& frate among the country's larger cities - helped to encourage buyers to enter
. T1 F$ A4 O; H$ Othe market.
; x8 y( r3 c+ m/ @
9 o( P3 B9 _/ q5 O    In Regina, the market experienced a slight seasonal slowdown through
, N9 H+ Q. O$ ?& k* GJuly, as there were fewer purchasers in the market due to summer vacations. In. f* s0 `( s8 {, u: f9 h8 w/ p
August, activity resumed to the busy pace previously seen in the spring
% U7 W" o: E) M2 ]months, as the influx of purchasers made it more difficult to find a home due9 x' u' z2 d& Y4 b& Q
to the shortage of available inventory.$ ^, i, z. X" ~  S) n; A! q1 P
/ A  j/ r: A# O3 J' f( h
    Activity in Saskatoon remained brisk as the market maintained its
% v( |) c( \' \% r9 \momentum from the busy spring sales period. The economy in Saskatoon remains, C7 N6 ]& ?7 M5 B
vibrant, as employment opportunities are abundant with many businesses- T; ~* l) L* v. R; m/ f9 Q
struggling to make hires and having to recruit outside the province.
+ C5 b4 i/ F; P3 F2 R: e% \# c, f' ]! f; @! h/ d& T) v
    Calgary's housing market recorded blazing average house price increases
: E2 h; H0 l; m& l) {$ yin the third quarter, in all surveyed categories. The burgeoning economy, low
: d5 \9 `9 U5 ?9 j' [# u9 U1 [unemployment rates and low inventory levels remained the leading factors that
% \# H6 ~/ Y2 k/ W/ A/ \pressured Calgary's house prices upwards. However, regardless of the soaring0 x$ ]+ q9 x& a/ F0 k$ G
prices that characterized the market - even during the typically slower summer
% d- h: e; {/ Q$ @season - it is expected that activity will become slightly more balanced, as) m8 e% S' ]& }- e+ _$ Q8 o
buyers are becoming more reluctant to participate in the frenetic activity.
* U& ~6 d% A' F& D3 A2 p" b  x

5 c4 y1 E! B- |* G! G5 F    Edmonton's booming local economy continued to thrive in the third quarter
: o1 _0 H7 O) |as activity in the oil sands north of the city continued to flourish. Edmonton
3 G! G6 X% c9 ], xremained the hub of activity for those coming to work in the oil industry,& o# C$ N; R+ u% K
maintaining tight inventory levels across the city, resulting in prices
2 ?. w  R9 Y" m+ u3 }4 B+ ]increasing at record levels. However, as inventory levels continued to improve( t! u7 f, c* P& H9 y
in the third quarter the rate of price appreciation should moderate slightly
& k" S& ~' A0 K  R1 e3 ntowards the end of 2006.
    4 |9 @9 N+ U9 I- s: @
. h/ r8 a% f- d* P; c; b( m
While Vancouver has seen a slight reprieve from the severe shortage of+ e5 P- R9 [1 q& d
inventory that had previously characterized the market, supply is still unable
# A( Q9 C( I; Nto meet demand, driving house prices upwards. Vancouver has a very diverse
/ o2 V' x, J5 H+ s+ Z- Bgroup of active buyers - from first-time home buyers to baby-boomers to+ I/ _7 |8 `, o0 X6 X
foreign investors - all of whom fuel the demand for houses, placing added
, l& W, ^7 y. n3 ?' ppressure on tight inventory levels.$ f: L- Y; q5 d7 W; ]/ l1 G( ~

& l( p6 }$ @7 i" g    Victoria's market is vibrant and supported by strong economic
. \5 E8 K/ h' i3 G) q" g: }, cfundamentals, fuelled by a booming tech sector and a migration of young people3 V$ g9 C( D3 ?/ `0 I- Y
into the city that has continued to support the area's house price increases;
$ x, k$ T  G2 o5 |3 z* _  E1 e( T: `/ Rwhile increased inventory levels have afforded buyers more time when searching, V, \4 S; f/ Y7 K
for a home, helping to normalize the market's pace.
: l7 r6 n8 Q* m, p! M, q! F" g# d4 @1 c. O5 v- |% L1 p" u2 Q4 j2 x
    <<
" Z, b5 ]  h1 S      Survey of Canadian Average House Prices in the Third Quarter 2006% q8 }1 R2 O- r9 D! Y- C
( ]7 W/ x- q- f9 R% ?) [2 u
    -------------------------------------------------------------------------
3 L* l' i# d* v; Z! t2 p5 y                 Detached Bungalows                Standard Two Storey6 [; }( }( X, D8 E) P
    -------------------------------------------------------------------------
6 N8 ^" O4 k$ U8 q9 ?                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q37 e/ V+ @) Y5 r2 t" L
    Market           Average     Average    % Change     Average     Average
3 G! W( v3 C: T/ h6 C% Z3 G; i9 g+ _    -------------------------------------------------------------------------& n: d: y0 V3 w6 t
    Halifax          186,333     173,333        7.5%     198,667     199,000
3 ], T- X, h1 K    -------------------------------------------------------------------------5 ^1 j2 Y" p( N9 `, P  n
    Charlottetown    145,000     141,000        2.8%     175,000     170,000( {. g7 @5 i9 t4 X/ k5 ?9 I
    -------------------------------------------------------------------------. @, ]9 e4 r  B  G  G3 n
    Moncton          135,000     127,000        6.3%     129,000     123,000
/ T  d# D  E9 y4 ?    -------------------------------------------------------------------------
1 t" j0 w$ W# X7 [: m. u    Saint John       141,200     142,900       -1.2%           -           -+ P* |9 _. m# {# l7 j
    -------------------------------------------------------------------------  R+ c6 d; a6 j1 l
    St. John's       143,667     142,667        0.7%     200,667     202,3339 r/ o8 H0 {$ B  s8 G: C* f) E
    -------------------------------------------------------------------------7 b& [( U. Z1 }
    Atlantic         150,240     145,380        3.3%     175,833     173,583
* }" H+ E& k; _5 |7 c0 K: D    -------------------------------------------------------------------------
# N& f/ V) ]7 Q$ D7 }' I: l    Montreal         213,691     203,500        5.0%     321,141     316,185
1 H2 b* u. n) D; f) b3 y+ t1 B    -------------------------------------------------------------------------
! o9 n; M1 A1 y: B8 F    Ottawa           290,083     278,417        4.2%     285,667     273,250% P7 q) I6 w" T0 s; G' X) ?, i
    -------------------------------------------------------------------------) f4 _- w+ }+ B5 ]2 G1 u: \' k
    Toronto          373,368     355,882        4.9%     481,523     474,766/ s+ l" i% H/ y% ?: h( @
    -------------------------------------------------------------------------
6 B, j) y6 K! Z  `- c4 o    Winnipeg         181,579     159,860       13.6%     202,337     180,707
" u# ~- m9 B7 ^    -------------------------------------------------------------------------" @) B( K* q: P0 V* V' w7 ?+ m
    Saskatchewan     170,667     156,083        9.3%     182,600     166,500
# F* r( i) [+ n    -------------------------------------------------------------------------  J# C  b& E  O
    Calgary          395,067     252,411       56.5%     405,778     264,389
9 K  J7 R' `0 w% U( j    -------------------------------------------------------------------------
# K- c: }. ?2 e' t; ^    Edmonton         286,857     194,857       47.2%     316,429     206,7142 f. i  z* {. `  s3 t, t# p& n
    -------------------------------------------------------------------------- X: x2 v  g) p
    Vancouver        704,250     601,000       17.2%     794,000     697,5009 b4 q2 e8 O% L. S" U: c
    -------------------------------------------------------------------------- ]$ N/ @8 V* f& d; J' u. B8 [
    Victoria         375,000     348,000        7.8%     403,000     391,000
- Q" B. q# `5 P) _* v4 A  P& T2 q    -------------------------------------------------------------------------% e1 F7 n& G7 p' |
    National         300,365     258,202       16.3%     365,380     322,860
' C+ d& U: j( l5 P    -------------------------------------------------------------------------; f. o% H- w3 L0 H6 s7 G0 R( y/ l
) f6 D: L" [$ K9 c8 E6 w" H3 A8 P  ~
    -------------------------------------------------------------- X8 |8 U+ J+ E6 `0 j. u
                               Standard Condominium
! M+ d: L) r6 R1 P5 E6 y5 i: P    -------------------------------------------------------------
, Z6 Z; c% l6 k# ?5 k' V! m( e5 I                    2-Storey     2006 Q3     2005 Q3       Condo# t( ~/ E$ l: T) }8 `
    Market          % Change     Average     Average    % Change* ~" A, l( }4 X8 M1 x1 |/ Q
    -------------------------------------------------------------% p9 |" R) s2 {( t& g! S) q
    Halifax            -0.2%     142,000     103,000       37.9%
* H( }; p5 W0 z+ O    -------------------------------------------------------------
# |6 O. x7 O  W- o& Z5 r- q    Charlottetown       2.9%      98,000      98,000        0.0%4 v, H3 r! }4 }% d
    -------------------------------------------------------------
$ |3 q1 U" y2 a1 J% H    Moncton             4.9%           -           -         N/A
& ?3 e* L7 c' E7 f2 U# l- f    -------------------------------------------------------------0 W* q0 f  Q! c/ D
    Saint John           N/A           -           -         N/A3 \2 V5 F3 `: _
    -------------------------------------------------------------
  |+ O5 K# N* ^/ F' B% N7 |1 K; s. Q    St. John's         -0.8%     146,333     145,667        0.5%
" E4 N8 ~+ R  \4 G3 I- G    -------------------------------------------------------------2 I" D; n$ b7 v; o
    Atlantic            1.3%     128,778     115,556       11.4%
( v/ Q) k! E8 k  {. h4 b6 E( H1 I- ~    -------------------------------------------------------------9 ~, O, L/ R- ]
    Montreal            1.6%     193,190     188,016        2.8%
: A9 K- ~4 K( o5 j$ P* s* G    -------------------------------------------------------------
9 [# ]; Q; X) t' U1 u$ U    Ottawa              4.5%     181,083     172,250        5.1%/ y# M; ~" `/ n+ K8 K7 q
    -------------------------------------------------------------" M& G9 [; s# o) L
    Toronto             1.4%     252,088     242,918        3.8%3 G: u& s1 i, y2 \$ Y3 i5 v
    -------------------------------------------------------------6 R& o1 x) G- |8 M( ]
    Winnipeg           12.0%     105,648      96,008       10.0%& u. V9 }9 _; U8 v  |! n/ a9 l8 |
    -------------------------------------------------------------
3 e1 Z; E. o. Q  N9 m0 ]6 [* j  l    Saskatchewan        9.7%     106,250     101,000        5.2%$ D3 t- P$ l. d7 G3 m% R& `* u3 M; I
    -------------------------------------------------------------
' j) r8 o7 Z! R7 E1 o/ s4 U    Calgary            53.5%     245,844     153,867       59.8%5 ?7 _# d- t, Y- v2 K' o
    -------------------------------------------------------------
& v. t& e6 O5 H0 a+ z4 ?1 O- [+ ]    Edmonton           53.1%     200,433     131,500       52.4%
" Y: D( S) m4 Y; ?/ s. X    -------------------------------------------------------------
% P6 A0 a! t* l7 G    Vancouver          13.8%     366,250     323,250       13.3%- Y5 q" Q! b: H0 P& G6 q
    -------------------------------------------------------------) u0 D; E) h& J
    Victoria            3.1%     229,000     220,000        4.1%
; D  i- q! w; ?& T% J9 v% }& i    -------------------------------------------------------------3 R" i% a% K8 \6 |- Y1 g, a- Q
    National           13.2%     211,562     185,296       14.2%
/ k) H( E; t$ m9 I    -------------------------------------------------------------6 w0 |% P9 z( E- n: I  H
    >># |1 F# z; Y2 n% @5 `" S8 y
* g( G8 C6 R8 v3 l
    Average house prices are based on an average of all sub-markets examined8 q& ]) I, ^; {- S1 {
in the area, except for the smaller markets of Charlottetown, Moncton, Saint
0 {& }' [; U) S6 u& e- J  s/ nJohn and Victoria.
. l! Z* A  K% V& ]1 z+ Z2 \0 i! S
    The Royal LePage Survey of Canadian House Prices is the largest, most6 D$ K4 h# G8 o% k- P
comprehensive study of its kind in Canada, with information on seven types of
4 c5 F# D. V* yhousing in over 250 neighbourhoods from coast to coast. This release
1 R5 h0 ]6 v/ z) `# v4 Yreferences an abbreviated version of the survey, which highlights house price6 w( A/ W4 g1 M3 |
trends for the three most common types of housing in Canada in 80 communities
: H( k, R/ m) \7 y  Y6 a% n  H2 ]across the country. A complete database of past and present surveys is) O' I9 H. j7 ?6 B0 ]5 n
available on the Royal LePage Web site at www.royallepage.ca, and current" g3 X$ N. I& A7 q1 i
figures will be updated following the end of the third quarter. A printable
% K# S$ s" l8 qversion of the third quarter 2006 survey will be available online on
6 n/ @5 `3 A; A" W" TNovember 15, 2006.7 E* a1 S# l: s* e% |
    Housing values in the Royal LePage Survey are Royal LePage opinions of
: h! g9 I6 L- R4 d/ _$ ifair market value in each location, based on local data and market knowledge/ a/ T  `9 h& O$ G' _( Q6 H& l8 i
provided by Royal LePage residential real estate experts. Historical data is2 q! }$ C; ]& M
available for some areas back to the early 1970s.
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