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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
: [9 c- U# a" l
3 w/ F7 ~1 @( P. }% [/ Q- Country's market poised to show growth throughout 2006 -0 f- h6 g5 z/ h4 a% ?
# J* T9 i0 ~0 P1 m4 z! ]
    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market
3 ]5 D  g% B) `" W6 N2 W! Q2 hexhibited moderate price increases and stable unit sales during the third: m& |; v+ @, W- U
quarter. Wide regional variances continued to be the dominant characteristic: K) C$ [' u) J$ j
in the market, exemplified by frenzied levels of activity and double digit
3 J8 C' ^7 U1 g$ D8 {price gains observed in the energy and commodity rich Western provinces, and& j1 ~# V/ I3 J/ z
more reasonable sales volumes and moderate price appreciation in Ontario,, z2 |( e+ o1 d, u# d
Quebec and Atlantic Canada, according to a report released today by Royal; `# \- n& Y" e8 N
LePage Real Estate Services.1 ^/ k6 V! e- _5 k! X. Y" B

; f, |2 f- s! \% b% M; n3 b    Nationally, market trends established through the first three quarters
, [5 o* I! O6 @( Z6 d, Y1 Dare forecast to continue for the remainder of the year. Robust economic
: F1 d. B) D2 p4 ~- `conditions, low unemployment rates, modestly growing salaries and wages, and
9 n/ S) o, u' Z. e1 Asound consumer confidence contributed to the overall strength of the1 t, H3 o# ~/ U$ r3 o
residential real estate sector.$ y3 h( N. _' {! K" ?
' x! U1 \7 Z# n+ s
    Of the housing types surveyed, the highest average price appreciation
' ]* b6 \* N  \% Joccurred in detached bungalows, which rose to $300,365 (+16.3%)6 B. ]1 C& y$ R! ]
year-over-year, followed by standard condominiums, which rose to $211,562
" l9 A, ]7 ]7 x! W(+14.2%), and standard two-storey properties, which increased to $365,380
+ |7 n* ?: s- _& l8 c" T$ ~- N(+13.2%).. o' ?7 y# ]! m. y
4 p* _  I0 n! P; x: c
    "Canada's sturdy housing market continued to demonstrate steady growth
7 r- ^" T1 f+ l# o3 B" \. ~' K3 Hduring the third quarter. For all but the west, we have moved on from the
! \% x0 g6 U8 g% W& d0 Mfrenzied expansion that characterized the first half of this decade, and are
9 c; d$ H$ A; Dpoised to show continued growth at a more moderate pace," said Phil Soper,
2 n4 V" V7 F$ N2 I! X" mpresident and chief executive officer, Royal LePage Real Estate Services.
% S7 d9 c9 G, D0 |' ["Gone is the sellers' market that we have lived with for some years. We3 u. [& c  [( x1 ~) ]
welcome the more reliable conditions that are characteristic of a healthy* W, \0 v9 Z7 k! F& y3 y' ]( z* h
balanced market."
- ]( S6 [) k; h3 ]: l7 O  M5 z1 N0 J' a
    Despite the double-digit rise in average national house prices,
$ R# Q! N% ?5 t: {; bconsiderable regional variances were exhibited again this quarter. The shift
9 r9 l4 |! S% q9 k* a, oto balanced market conditions, which began in late 2005, has continued0 u7 x8 W, M  f4 M2 z
throughout most of the Central and Eastern regions of the country. In the core+ B1 t* o" s9 ^: J  K
energy producing western provinces, the combination of very high in-migration,
5 }+ ^  J0 X' k: f( r: X4 ~0 B1 Wmanageable affordability, and a shortage of inventory has driven record2 k# J" H4 L8 w2 d0 b2 [" |& S& ~
breaking price appreciations.1 y4 T4 c$ r, _! {! p, @: K

) M! d: u5 w/ f3 p! o* Q8 H  e- }! `    Echoing the second quarter and supported by Alberta's rapidly expanding3 \5 c* ?% T! k: j! [% Z
economy, Calgary and Edmonton led the charge of Canadian cities with the: Q( G4 c6 E( s/ L! J3 G; g! t# x
largest house price appreciation in all housing types surveyed.
2 Y+ {3 L" H) Y; h5 e/ `) J% c0 E2 a4 }' Y+ @+ g
    In Ottawa and Toronto, growth remained steady, supported by solid
3 l) @% w* x) p  ~! F9 Jeconomic fundamentals, an increase in available inventory and strong consumer
5 y- h" u& O9 T6 i4 G# }" n% Hconfidence. While the pace of price appreciation in Ontario leveled off
' F( [0 e* b1 t' y. M9 e# wslightly, the province's real estate market remains poised for modest growth.
9 P$ @( H( U! N! ?In Atlantic Canada, new housing and condominium construction offered buyers
2 z0 k0 d9 K; i1 C# Mgreater selection at more competitive prices, resulting in a slower rate of
! \7 b. }( _3 L7 j  L1 l* Y6 wprice appreciation when compared with 2005.3 R  B7 c9 T% e# z6 E
# w1 p  J6 C% k6 C/ Z' F% K( z2 e% U  K
    While the pace of growth in Canada has slowed, the domestic housing
) R. r- Y  `8 C+ {$ [0 F- W  A$ hmarket is expected to outperform the American market. The economic and1 V( ?  W8 g8 `2 t* ?+ @
financial fundamentals driving the residential real estate sector in Canada
4 W% J! x2 t% M  m* o, Qare markedly different than those found in the United States.8 {: N4 I. x- F# M' e

7 T! ]/ y1 j4 h  R: K    Added Soper: "Canada's housing market is likely to outperform the
7 ~& {0 I1 c' Q* n2 nAmerican market through 2007. A number of factors are working in Canada's, f$ \0 H3 M7 n' m& L: X) S! J
favour, including healthy personal and governmental debt levels, the
( l9 ^) m& b, z1 Srelatively modest rise in interest rates in our country, and general" N: q5 `1 |$ v, J. _% p
affordability in our major cities. In addition, Americans are now seeing the5 W( k. l+ w" h+ y& I' S
downside of a tax system that encourages maximum homeowner leverage, and1 y* V$ h( @# g6 r
aggressive financial products such as zero- and negative-amortization
1 {8 T- Z8 Y% j4 jmortgages that work only in a high price growth environment."
5 r/ C' x' k  }& c! |9 Z4 u4 J) r
    <<2 P7 ^. e0 k" |" M# l% @. B9 \
                             REGIONAL SUMMARIES
1 w* F# X5 W- N0 j; V6 n# y4 t' J    >>7 Q: A& N$ H8 r! g& C

/ S7 ?! N! M2 g: _) h8 P    Balanced conditions continued to characterize the housing market in+ Q& L+ p; E4 ]9 Q" u/ o
Halifax, as significantly higher inventory levels helped to moderate the rate
4 C' \( A/ z* j8 H( i0 ?of price appreciation. Buyers were increasingly choosy, taking more time2 U9 ]" F" [8 N( l, Q
looking for newer, low-maintenance properties that were not in need of5 y( o1 o- }3 }' O5 A1 a  c; E
renovations.
% M. \* g( U( r6 q$ s* ^* a" y- i9 ]2 n5 W: n
    The housing market in Moncton remained healthy and strong as a slight
2 f& W! m& u! y2 z6 mincrease in inventory helped to moderate the rate of price appreciation7 i9 R0 o+ x3 o& U5 L$ O/ d# [+ s+ A; i
compared to the same period in 2005. Activity was brisk throughout August and
( L: b2 n. r) B$ m# i' ~September and is expected to remain this way through the fourth quarter.* W# b% N" O, b; J; x1 t
6 U' g" [# t+ B& l8 M
    The housing market in Saint John underwent its traditional summer
" f  n1 m  o" J7 s: Pslowdown in the third quarter, with activity picking up towards the end of the) C' z" G/ W* ]  G5 u
quarter. The local economy continued to thrive, as construction on a new$ @* I( O" l9 S1 l) G
600,000 square-foot shopping area has begun, bringing several new box stores- v3 K, Y- @; w& d9 U# w
to the area. Buyers have begun seeking less expensive fixtures for their homes
1 T9 N4 V: p0 V' Yand are instead opting for more affordable housing options." r9 M6 H* B' S# f
( m2 R2 F( I- Q8 J
    In Charlottetown, the housing market started to move towards balanced9 [9 }) z7 B+ R5 k
conditions, as some sellers had to begin to lower the asking prices on their
9 b# _, P. f: m+ k' ~homes to make them more competitive. Activity from out-of-town and US buyers# ]# n! K( B% W- T+ n# j& `
was down slightly compared to 2005, likely attributable to the strong Canadian  C+ E8 s9 {$ x, @1 X4 J( U
dollar. Inventory levels began to creep up in the third quarter, providing$ ~! K: D% K" |8 k, F' ^
buyers with more options when looking for a home.0 Y% }3 C8 a$ r; O$ c
% z# ]6 E0 @' P( m  a# \( m
    Activity in St. John's slowed slightly in the third quarter, particularly
1 h* J! D; l9 ]# Bamong higher-priced properties, where there was a slight over-supply of homes" n9 k6 p( K: U% o3 L5 G
priced over $200,000. Listing periods have increased when compared with 2005,
: M) G  |- b6 [7 M/ f2 ~as some of the pent-up demand that had characterized the market over the last
, g" i0 k, x! t$ Sfew years has been satisfied, resulting in more normal, balanced conditions.
9 Z3 I& ^0 c8 {8 G: u- C
$ N( D8 E( d/ H; ~5 \0 R& I    Montreal's housing market recorded modest increases in average house
9 n7 ?! S& S3 n$ i0 V) ]prices, due to a slight seasonal slowdown in the third quarter as inventory
* m- Y" G0 R  }levels rose. Part of this can be attributed to the fact that many renting' l) _; g. s! @* k( v7 @5 `
first-time buyers were motivated to close on the purchase of a home by July 1,! j# a+ X8 a+ {4 F6 `4 v; D7 e
when rental leases expire in Quebec. Once this date has passed some of the
9 A: v+ y$ @2 E+ S3 Z7 S% x0 n$ {pressure is taken off the market, allowing buyers to visit more homes before
* N; E/ R5 {" z& }: t6 [making a purchase.
6 G! ~8 z5 ~/ K. S- E6 {
& T" y; m6 c( \: t7 u# n$ L    Ottawa held its position as one of the country's most stable housing+ Z& F5 n+ s8 Y7 T) e6 l
markets in the third quarter, reinforced by a vibrant local economy and strong7 C4 Z* p2 a* y- v4 b
confidence, resulting in modest increases in average house prices. The city
8 n/ v# H6 h4 b2 Y8 d5 K+ Dcentre remained a bright spot in Ottawa, with homes in this area attracting9 U" `% E$ |; R
attention due to their convenient location and proximity to downtown( g3 Q; [, ]% D) L8 `
amenities.# O# R5 ]* i- |

! G. H: z* `' T% k    The housing market in Toronto sustained healthy activity levels5 M# T+ L1 g% A8 B" V4 ^+ b
throughout the third quarter, as a strong economy helped to maintain demand
1 [6 ^& X) g, {+ d: w* a$ J- W" macross the city, causing average house prices to rise moderately. Toronto has
" d# J. }  S6 X5 j1 Rcontinued to experience modest growth in average house prices, and has been
/ x3 ?$ h) Z' |) S9 kdriven primarily by purchasers who are buying homes as their principle
" H2 O. i1 T  m( Z0 xresidence, rather than for investment.
  a$ d2 \( t" ?# h! }% F6 `2 r
+ Z" u9 r7 ^) \! y    The vibrant Winnipeg housing market continued to show its strength as
/ k2 a2 l+ }; H% ~7 I8 A8 V# Ihouse prices rose during the third quarter. The booming local economy resulted
7 z; E3 ?' y1 n  m1 n, p) c, i% qin a historically low unemployment rate, helping to bolster consumer
9 M6 p& ?& u3 m, Y0 V* B4 Xconfidence and Winnipeg's ranking as the city with the lowest capitalization0 w% I% G+ z" {! o' ]
rate among the country's larger cities - helped to encourage buyers to enter' e  x+ P0 {. X8 X
the market.
, l# ]* j, \( i+ Q+ i5 Q0 }& m7 ]7 [0 s- H5 Z- `2 j! J
    In Regina, the market experienced a slight seasonal slowdown through
" M/ ^# l- p8 zJuly, as there were fewer purchasers in the market due to summer vacations. In# p0 q! W/ v+ C* C
August, activity resumed to the busy pace previously seen in the spring
7 F/ @% _* w. b4 t, d% a  fmonths, as the influx of purchasers made it more difficult to find a home due% f1 Q/ {$ g* P3 J1 L1 G3 ]
to the shortage of available inventory.
. M: L8 p8 M- g( G, J) A( r0 f9 s' I. A6 e" L% z
    Activity in Saskatoon remained brisk as the market maintained its8 E4 P- ~! a- g( D  v/ V3 {
momentum from the busy spring sales period. The economy in Saskatoon remains% q1 u! p3 c! o+ N
vibrant, as employment opportunities are abundant with many businesses- x* i  X. f3 T% p! [) C- A
struggling to make hires and having to recruit outside the province.' d: X. }% g5 ^) Z" E' G' C" L

& g2 j1 n* n- Y    Calgary's housing market recorded blazing average house price increases! q0 O+ q( J( x! d  R: ~
in the third quarter, in all surveyed categories. The burgeoning economy, low
/ b0 s$ @$ }. Sunemployment rates and low inventory levels remained the leading factors that
; L5 b9 I% R$ ]4 q( M/ |1 w$ u+ Jpressured Calgary's house prices upwards. However, regardless of the soaring! X" _! h) S* P. m4 _7 s& |
prices that characterized the market - even during the typically slower summer2 W3 s: M& p  t( T7 D+ `( s# m) p
season - it is expected that activity will become slightly more balanced, as
1 e' k7 e1 D8 m" Y- d+ S) ^! G. Cbuyers are becoming more reluctant to participate in the frenetic activity.

7 F0 d5 q2 O! L) }* F' I: P/ V' r# l3 f6 p9 ?
    Edmonton's booming local economy continued to thrive in the third quarter/ _7 m' F  r) `' x& |$ e
as activity in the oil sands north of the city continued to flourish. Edmonton3 X8 M6 `/ J9 ]+ T+ d, p6 e
remained the hub of activity for those coming to work in the oil industry,
5 o3 I) `7 ?. Y2 ?1 H4 o: ]" Qmaintaining tight inventory levels across the city, resulting in prices
( |8 Y  ]/ R8 P" G- Lincreasing at record levels. However, as inventory levels continued to improve' [2 M3 l: H9 Z# o. `) \
in the third quarter the rate of price appreciation should moderate slightly
- V% P) Y: b1 E# T, ltowards the end of 2006.
   
$ W7 Y, |+ h& y$ J# @! O/ S5 p1 H% P
While Vancouver has seen a slight reprieve from the severe shortage of+ ~; H8 A- t- ^% R0 F6 r/ k$ l
inventory that had previously characterized the market, supply is still unable: K" U2 |! h/ l* M8 U# D! l
to meet demand, driving house prices upwards. Vancouver has a very diverse1 h1 ?( p; ?5 [
group of active buyers - from first-time home buyers to baby-boomers to0 @7 o/ V; K: [4 y- {6 s6 b* |
foreign investors - all of whom fuel the demand for houses, placing added; h- }; h1 X+ ]* v; e# R" g- Z
pressure on tight inventory levels.
0 S3 h( R5 X6 ]. ?9 f# n  c4 q. z2 R: N9 L
    Victoria's market is vibrant and supported by strong economic$ Z' f2 e0 ?4 i( f/ Y: P% Y
fundamentals, fuelled by a booming tech sector and a migration of young people5 Z$ K( M- ^* E! m0 P
into the city that has continued to support the area's house price increases;
9 R3 X2 E; J% N' i" T( a/ d* @# Xwhile increased inventory levels have afforded buyers more time when searching4 ~; B: F* d4 Y, t9 @
for a home, helping to normalize the market's pace.
7 K) V% m* k  h# i, g" h3 w, E" P
    <<  n2 p! I, r) L% }
      Survey of Canadian Average House Prices in the Third Quarter 2006" }$ |( i% W8 l" \# A' N( T3 {" K

" k) c& ?7 ?3 q+ l' L3 G7 d) k    -------------------------------------------------------------------------
' X# t7 v; P: V8 @' X                 Detached Bungalows                Standard Two Storey
1 A# T$ f8 C1 Q    -------------------------------------------------------------------------6 v) Q/ R% I) I9 k
                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q3
# l1 E4 T. ]3 w0 D" L; p    Market           Average     Average    % Change     Average     Average% Q7 n- A3 ]! g* y( c
    -------------------------------------------------------------------------1 ^3 G" p8 |! G# d$ {* q5 V
    Halifax          186,333     173,333        7.5%     198,667     199,000# G. p2 s; s* a+ y
    -------------------------------------------------------------------------
3 a5 B5 C! j$ D5 w; `# m) x    Charlottetown    145,000     141,000        2.8%     175,000     170,000
/ M+ F& K* `# x' S    -------------------------------------------------------------------------
! P) N' o; Z$ h( o/ W    Moncton          135,000     127,000        6.3%     129,000     123,000
6 b3 B) N9 N, j6 z/ u+ h, V    -------------------------------------------------------------------------
; u% Z& R3 C9 `6 ]/ H, R    Saint John       141,200     142,900       -1.2%           -           -% \$ r0 m1 Y, j8 K, O+ n5 ?0 j# b
    -------------------------------------------------------------------------
) U3 l0 Q1 b" |' c. X    St. John's       143,667     142,667        0.7%     200,667     202,3332 l0 w' K2 y4 J1 R# U& e
    -------------------------------------------------------------------------$ d$ `8 p& _0 f
    Atlantic         150,240     145,380        3.3%     175,833     173,583/ k+ b8 L4 _3 S4 V( r* Y$ @' R: ], @
    -------------------------------------------------------------------------
% a4 W0 w; D/ j    Montreal         213,691     203,500        5.0%     321,141     316,185
# K+ y1 Q% B. q. g8 ]1 l    -------------------------------------------------------------------------$ f+ j: U1 K) ?1 M/ D
    Ottawa           290,083     278,417        4.2%     285,667     273,250
) s$ y+ W7 S" j; B1 O, S) @    -------------------------------------------------------------------------) S6 ^6 Z2 `7 Q* ^  T
    Toronto          373,368     355,882        4.9%     481,523     474,766. ~, v( u  d# v5 Y) O# f
    -------------------------------------------------------------------------3 H  L# c& v" t4 s' m- b5 C8 l4 {
    Winnipeg         181,579     159,860       13.6%     202,337     180,707. I" O# L, ^( d% u7 f7 x
    -------------------------------------------------------------------------
1 A2 F* l* V/ r2 C, W    Saskatchewan     170,667     156,083        9.3%     182,600     166,500$ n5 R$ E- I3 Z6 M6 c
    -------------------------------------------------------------------------" G/ ~+ h0 `7 I2 }. R6 v% ]  q
    Calgary          395,067     252,411       56.5%     405,778     264,389% ^: L& |& q0 O- n1 d
    -------------------------------------------------------------------------: s9 K- b% `( n0 B
    Edmonton         286,857     194,857       47.2%     316,429     206,7145 z' O& p& n' o) k1 V2 |4 |) p* }
    -------------------------------------------------------------------------, S  O, ~$ v: W* m. `7 u: c
    Vancouver        704,250     601,000       17.2%     794,000     697,500
# ?; W/ R8 [9 \( c; v) \/ y  L    -------------------------------------------------------------------------
  U7 l6 Y5 o% L    Victoria         375,000     348,000        7.8%     403,000     391,0005 q8 D, i) b: X. Q( T
    -------------------------------------------------------------------------
' k' c2 O9 F% R) f( J0 ^( T    National         300,365     258,202       16.3%     365,380     322,860# ~% ]5 u2 C  ~' Z* m+ t* T% U
    -------------------------------------------------------------------------
# W3 H! Y3 z+ e1 q0 _( \
! o' M1 D( E. R2 X. P2 A    -------------------------------------------------------------$ O5 Q+ U' C6 C& K) K( D
                               Standard Condominium" f5 e: o  `* O# h  b. N
    -------------------------------------------------------------4 p* S+ l- Q6 k+ }' E' W4 R8 n
                    2-Storey     2006 Q3     2005 Q3       Condo
( s! X# w: X) H% v    Market          % Change     Average     Average    % Change% g! p& a3 O" }
    -------------------------------------------------------------% V. R# M" k, ~
    Halifax            -0.2%     142,000     103,000       37.9%
/ `6 v3 v, j0 L% Q6 P  S8 s) W8 d3 |    -------------------------------------------------------------3 s3 ]( u5 F9 K# Q' x) |* D- m4 @
    Charlottetown       2.9%      98,000      98,000        0.0%, M9 J% b  I: Y2 _  F3 A
    -------------------------------------------------------------' ~% `& u% P$ j; I
    Moncton             4.9%           -           -         N/A
+ x- F. M9 U! q  S3 R    -------------------------------------------------------------2 ^6 ?1 e  p9 F) R: w
    Saint John           N/A           -           -         N/A
( y- B, b5 v7 f' D# a- u3 c    -------------------------------------------------------------
; K& x! o' F. W. O0 K* @    St. John's         -0.8%     146,333     145,667        0.5%
1 ?! g$ v+ d  B: P! c% _    -------------------------------------------------------------
* l4 j8 k9 ]$ U    Atlantic            1.3%     128,778     115,556       11.4%/ p2 w4 Z, S1 B* ^
    -------------------------------------------------------------/ k  Q8 A1 Y) d! P& u
    Montreal            1.6%     193,190     188,016        2.8%
# f4 L8 h& B* C: o/ r& O+ V    -------------------------------------------------------------
0 l4 K* j. @, p2 ?* g! K" y    Ottawa              4.5%     181,083     172,250        5.1%. x% P2 t2 S' A4 o
    -------------------------------------------------------------5 r/ ^: J8 L2 w, }
    Toronto             1.4%     252,088     242,918        3.8%
9 D' [0 i8 }6 ~% P- g    -------------------------------------------------------------+ z+ i) R7 b7 F& g( I; @7 S8 v
    Winnipeg           12.0%     105,648      96,008       10.0%
0 ?# C, _7 R4 e  L    -------------------------------------------------------------! {' F, s8 d4 m' x
    Saskatchewan        9.7%     106,250     101,000        5.2%
! u. Q5 e3 M- z9 k' X    -------------------------------------------------------------+ x9 f% n. n2 L
    Calgary            53.5%     245,844     153,867       59.8%: G4 G7 w0 ~0 ~. J! T
    -------------------------------------------------------------
( z* ?2 @$ Q' N, W9 J* c    Edmonton           53.1%     200,433     131,500       52.4%
* {0 ~  T! z3 i( M( J# [    -------------------------------------------------------------
# I. @! f" |0 e    Vancouver          13.8%     366,250     323,250       13.3%
. E4 f- }9 u$ K+ L+ j    -------------------------------------------------------------
) ]+ ]! {. {" n) }+ \6 w    Victoria            3.1%     229,000     220,000        4.1%
& ^+ p7 O3 M+ r7 w% }8 ~    -------------------------------------------------------------
- {! C  q8 x3 W  |$ \    National           13.2%     211,562     185,296       14.2%
# b1 ?) s' ^' ]# h    -------------------------------------------------------------& `" x% C0 q! a
    >>
1 a2 @0 K+ _0 ~- e# J5 j* z" Q, r( u
    Average house prices are based on an average of all sub-markets examined
, B3 D. B, ^. }* c* D# U3 uin the area, except for the smaller markets of Charlottetown, Moncton, Saint
2 F+ y/ `* H' F( C2 V3 b& W2 uJohn and Victoria.8 a$ `# x$ i. j& h. g

. h$ a6 Q1 O: d9 v' L" H    The Royal LePage Survey of Canadian House Prices is the largest, most
  i; w8 H8 \6 Wcomprehensive study of its kind in Canada, with information on seven types of3 \% \) C* s8 ]. }5 K2 ]
housing in over 250 neighbourhoods from coast to coast. This release
  U2 m% w' i1 S* W$ s! b2 @references an abbreviated version of the survey, which highlights house price1 ?0 M( j* v/ Q: [# W
trends for the three most common types of housing in Canada in 80 communities
- m: }& k7 D1 P% e4 tacross the country. A complete database of past and present surveys is' w3 B( g  t) u8 o* U
available on the Royal LePage Web site at www.royallepage.ca, and current0 F+ i0 j3 t/ b( K1 E: F
figures will be updated following the end of the third quarter. A printable
8 _1 [/ w! ~# jversion of the third quarter 2006 survey will be available online on, L, i7 l7 D- Y2 T7 b4 s. ~
November 15, 2006.( l* w- Z( d  N  s/ c9 z+ s
    Housing values in the Royal LePage Survey are Royal LePage opinions of
) s) o+ K1 n4 E; nfair market value in each location, based on local data and market knowledge. Y& b  W# a4 a8 W- |" ^
provided by Royal LePage residential real estate experts. Historical data is7 K3 C4 ]0 |' d* X3 q8 m
available for some areas back to the early 1970s.
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