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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 . `; d4 S$ `. E0 H4 D

3 i9 \! j, {. v& r. h- Country's market poised to show growth throughout 2006 -2 Y0 `  q) j% o( y, |4 L/ O
3 C& q! L. d- z$ ?6 c
    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market
7 O3 S$ X2 V7 m( X, b/ m  U- A" Zexhibited moderate price increases and stable unit sales during the third& v1 G4 u& A. W( I9 J* u
quarter. Wide regional variances continued to be the dominant characteristic5 N- u; P' @3 |/ M- y6 a. B
in the market, exemplified by frenzied levels of activity and double digit6 N/ L" D. k/ F* ]: d$ C
price gains observed in the energy and commodity rich Western provinces, and
+ p" U8 D" {( ~# {& Rmore reasonable sales volumes and moderate price appreciation in Ontario,
5 s- A: }# A& m8 b0 ^- QQuebec and Atlantic Canada, according to a report released today by Royal
! T- C' ^, l8 Z* W1 [( a8 kLePage Real Estate Services.( c/ e# s7 T& F1 P0 L

- T( j( y9 P! Q9 P$ D; R  n    Nationally, market trends established through the first three quarters
/ a& F) i- r& c5 J: X& Uare forecast to continue for the remainder of the year. Robust economic
. w) \! r* S1 g+ i8 }' Jconditions, low unemployment rates, modestly growing salaries and wages, and
) e0 G* X. l" x7 Y. e; e3 psound consumer confidence contributed to the overall strength of the
9 J1 q$ x3 M3 x! J, ^. mresidential real estate sector.
% K9 t9 D" r' j+ \* O+ c* T0 g! r' o6 p0 R
    Of the housing types surveyed, the highest average price appreciation0 w" l7 D& H1 \* K( _9 a
occurred in detached bungalows, which rose to $300,365 (+16.3%)
" n# `  s+ ~, n1 M" ?0 r% myear-over-year, followed by standard condominiums, which rose to $211,562
# K) X# I2 p2 }! x(+14.2%), and standard two-storey properties, which increased to $365,380  U8 m- v$ ]! x2 j" ~; `+ C
(+13.2%).
; r' M: H+ s( |- D5 S
- U0 K! D5 I$ N' D0 j1 ^    "Canada's sturdy housing market continued to demonstrate steady growth
, m2 z5 K1 }, B" Sduring the third quarter. For all but the west, we have moved on from the3 k+ I# Z: M1 `7 E) @8 ?
frenzied expansion that characterized the first half of this decade, and are' c9 l1 u: w- B" L# v% d
poised to show continued growth at a more moderate pace," said Phil Soper,
. y: U- c7 j& b1 h# qpresident and chief executive officer, Royal LePage Real Estate Services.' j+ p( \1 l" g/ E' C
"Gone is the sellers' market that we have lived with for some years. We
; P( ]( W, g% V% b- J7 N8 m# k* Rwelcome the more reliable conditions that are characteristic of a healthy. |3 j5 v# S& O$ N' O
balanced market."4 {) p% E0 N: m* L

4 l# n3 n, i+ x    Despite the double-digit rise in average national house prices,
0 |' S9 o" _0 m; Econsiderable regional variances were exhibited again this quarter. The shift1 F5 z3 H& L% V: g  T+ r8 t8 h& f
to balanced market conditions, which began in late 2005, has continued
$ e& z0 K' J5 C4 xthroughout most of the Central and Eastern regions of the country. In the core
+ ?5 r0 ]9 V3 S! q$ C- Kenergy producing western provinces, the combination of very high in-migration,
! {. P: Y0 f, F# s7 j1 d/ _6 r3 ]1 \  umanageable affordability, and a shortage of inventory has driven record
# u" e( S- U0 d2 {5 D2 R) Vbreaking price appreciations.
9 R" T2 ]( r* G, c+ M4 ]. Z
1 k6 v, |" K+ [0 C/ |. X3 N4 T    Echoing the second quarter and supported by Alberta's rapidly expanding
: c/ n+ U" Z5 w0 Veconomy, Calgary and Edmonton led the charge of Canadian cities with the9 Y  }; o$ r7 k  t9 B% v
largest house price appreciation in all housing types surveyed.
% W+ o8 `% ?9 b: {0 M/ N7 ^( z, k8 |0 B
    In Ottawa and Toronto, growth remained steady, supported by solid: O) D; x: Y3 O* L# p1 K  t8 @
economic fundamentals, an increase in available inventory and strong consumer
- R; L" ~. `9 J* s# ?. Dconfidence. While the pace of price appreciation in Ontario leveled off
2 X7 N5 K# i4 v. _: Xslightly, the province's real estate market remains poised for modest growth.
: y( \/ E' r6 b; t+ q" ^In Atlantic Canada, new housing and condominium construction offered buyers
( q  j' V( I9 ^  w) zgreater selection at more competitive prices, resulting in a slower rate of
/ n5 t- S: L+ v( |price appreciation when compared with 2005.
# J7 `7 g. {+ ^# B* T" M6 V; R& k; M+ Q$ K' H
    While the pace of growth in Canada has slowed, the domestic housing% O& _8 x5 X$ [
market is expected to outperform the American market. The economic and9 n9 q8 N7 Q3 G+ n$ Q
financial fundamentals driving the residential real estate sector in Canada
8 `7 \+ ]! W% n5 _5 u/ r) e" R# iare markedly different than those found in the United States.
3 [; K5 @* [' q/ d' J7 o2 e
) }3 c6 J5 L" Y. Y# \    Added Soper: "Canada's housing market is likely to outperform the# D/ n& ]8 M0 C/ O
American market through 2007. A number of factors are working in Canada's: A' b; f8 l2 S# A$ J4 f$ d
favour, including healthy personal and governmental debt levels, the
0 V# X# D8 o% `. Y/ M8 X6 v4 Brelatively modest rise in interest rates in our country, and general# b' r2 L& W2 ^$ I; U1 t: C' @
affordability in our major cities. In addition, Americans are now seeing the$ d' E& x: }8 ~0 Q9 i, _
downside of a tax system that encourages maximum homeowner leverage, and
. H- S9 d! \+ }" e: X& haggressive financial products such as zero- and negative-amortization
4 i* M: t0 ?( d# U  E. Wmortgages that work only in a high price growth environment."8 g( w0 q2 ]$ D6 r

6 F2 F1 l  _) f3 h    <<
) h( r# x* Z, F) x$ L                             REGIONAL SUMMARIES
: H3 k) m* W8 f8 u8 \* Y: o; [    >>6 g1 ~9 `; h- r# U& N

+ C& L$ M. f9 G6 [/ @3 \    Balanced conditions continued to characterize the housing market in0 @3 k, W0 w7 T* z6 g
Halifax, as significantly higher inventory levels helped to moderate the rate
! n2 O) D+ b) tof price appreciation. Buyers were increasingly choosy, taking more time
8 P( Y6 P" o4 l) P$ ?( X' \# J, nlooking for newer, low-maintenance properties that were not in need of( ]4 E- f* H3 @% t
renovations.
" D% o% g- {' ?& ?7 J" o6 j: b8 c4 W* q) F1 |/ S
    The housing market in Moncton remained healthy and strong as a slight
5 S, K6 r" U, Q, t2 Q8 _& b( Yincrease in inventory helped to moderate the rate of price appreciation
, m( R: K' C, P- i6 [7 Ucompared to the same period in 2005. Activity was brisk throughout August and
2 L9 Y" o+ x7 l+ c7 ?September and is expected to remain this way through the fourth quarter.
3 q$ r8 x+ p. [6 V; v# U
8 q4 H% o& k& |. L; d( W8 h0 ^: _    The housing market in Saint John underwent its traditional summer
/ r4 v, D  y+ i' @! Nslowdown in the third quarter, with activity picking up towards the end of the
, I* A& z( I, `1 Z- dquarter. The local economy continued to thrive, as construction on a new
# z+ H9 Z2 E5 B/ J5 a( `$ E600,000 square-foot shopping area has begun, bringing several new box stores/ L( g2 e  C# o) f* _- w, p
to the area. Buyers have begun seeking less expensive fixtures for their homes
- S& H' ^$ @( \& S* ^' t  ]and are instead opting for more affordable housing options.
) V2 @3 s0 I' N9 T$ x$ h
3 r9 B5 p7 _4 Y/ q. S    In Charlottetown, the housing market started to move towards balanced
, [: k& B3 A9 _9 h6 X. q1 B# `conditions, as some sellers had to begin to lower the asking prices on their+ V$ D- Z- i5 e
homes to make them more competitive. Activity from out-of-town and US buyers
5 V6 }+ q+ ?0 R, [9 X* mwas down slightly compared to 2005, likely attributable to the strong Canadian3 ?' Z8 }% `1 W$ V$ `
dollar. Inventory levels began to creep up in the third quarter, providing1 Z( o. \" A6 c, w- w' w. }& ~
buyers with more options when looking for a home.: X1 v2 g4 }% R$ @3 `3 F

- k+ L1 ~) {& v: H# m    Activity in St. John's slowed slightly in the third quarter, particularly6 o& O* s0 [5 z3 z3 M6 Y) Z5 ~
among higher-priced properties, where there was a slight over-supply of homes0 T6 q/ ^0 S( }1 C" ?- Z, f) r" _5 i
priced over $200,000. Listing periods have increased when compared with 2005,3 L& \4 H- ~* s( K- c7 e; b' b# g
as some of the pent-up demand that had characterized the market over the last
. g0 G1 P  I, d& @6 S) ]* P3 Rfew years has been satisfied, resulting in more normal, balanced conditions.
' p" N) ?  [' c$ n$ K
, U; w, \% j$ T1 }: B6 U  g& |    Montreal's housing market recorded modest increases in average house
2 g$ c2 g8 S6 {  sprices, due to a slight seasonal slowdown in the third quarter as inventory( d6 I; |+ T" _/ u# k- O0 L5 J
levels rose. Part of this can be attributed to the fact that many renting
: ~  u4 _9 Y! t" g* U. Y* Jfirst-time buyers were motivated to close on the purchase of a home by July 1,
5 a, R& F0 n% ^" ~6 j, Lwhen rental leases expire in Quebec. Once this date has passed some of the
8 K$ H; m$ m- T: lpressure is taken off the market, allowing buyers to visit more homes before% ^9 \  m& d# C% {# ~! Z( m+ a
making a purchase.
0 i9 Y8 \1 Z6 D) E: U1 |  R5 B" ]- p5 K" ^! B3 Q# U! A' S
    Ottawa held its position as one of the country's most stable housing
( F# U6 N/ l7 ~( kmarkets in the third quarter, reinforced by a vibrant local economy and strong
3 [4 e2 x* L, t+ Wconfidence, resulting in modest increases in average house prices. The city# R+ |6 m3 q' x4 Y# R6 g" E
centre remained a bright spot in Ottawa, with homes in this area attracting
6 Z3 i/ s$ G7 Oattention due to their convenient location and proximity to downtown; a' \0 |3 S4 A2 \, K/ G( }
amenities." @& d3 v7 e9 H7 E4 i( c! E  z- u
8 U; J1 p+ d* W  t& B6 g2 a
    The housing market in Toronto sustained healthy activity levels
5 T$ o6 }6 S2 C4 S1 ethroughout the third quarter, as a strong economy helped to maintain demand  h0 ~/ p( z% c8 _
across the city, causing average house prices to rise moderately. Toronto has
/ |7 H4 a1 V+ B" [continued to experience modest growth in average house prices, and has been
* {( q/ p3 Z# v3 Sdriven primarily by purchasers who are buying homes as their principle0 W- ^2 J2 E! B2 M: x
residence, rather than for investment.) W. ^5 Z0 R# e
$ _6 c6 V* B$ a# K1 b: _/ A% H
    The vibrant Winnipeg housing market continued to show its strength as# j& W5 a  e% e- E, v; z
house prices rose during the third quarter. The booming local economy resulted1 K5 t" R  e- a
in a historically low unemployment rate, helping to bolster consumer
6 b8 l' w6 Z' u9 @/ ~4 l+ }7 |confidence and Winnipeg's ranking as the city with the lowest capitalization
, G/ |' [" T/ [4 a$ Trate among the country's larger cities - helped to encourage buyers to enter
4 ]3 x6 g, N: Q7 q* pthe market.. j0 v  }$ p' y3 t$ L# A8 l0 p

! I3 V% f0 m- C( u! Y- w9 W    In Regina, the market experienced a slight seasonal slowdown through% V9 G5 I' x: {
July, as there were fewer purchasers in the market due to summer vacations. In
: @& E& f2 G! \* Y! AAugust, activity resumed to the busy pace previously seen in the spring# L# g2 D; b- u1 Z9 X% i4 b: T* n2 u
months, as the influx of purchasers made it more difficult to find a home due
% q- g$ G  }5 N2 ito the shortage of available inventory., c+ m  i6 F# B6 x5 K" D/ c
! g3 g7 w  N) B) T% E$ J3 ?/ _
    Activity in Saskatoon remained brisk as the market maintained its
* D0 A. \2 ~) _, `momentum from the busy spring sales period. The economy in Saskatoon remains
% S2 }: s1 [( G- l2 w/ Fvibrant, as employment opportunities are abundant with many businesses
8 ^9 o) N7 y" ystruggling to make hires and having to recruit outside the province.4 F" W4 M/ O* Q1 n) ^
* {: N+ B4 C) m' Q
    Calgary's housing market recorded blazing average house price increases
6 i, {* H( T! j( a+ min the third quarter, in all surveyed categories. The burgeoning economy, low
7 W6 j& U, v& r0 Z& zunemployment rates and low inventory levels remained the leading factors that  N; j5 l. z( u% ?6 r
pressured Calgary's house prices upwards. However, regardless of the soaring; z; x0 n8 z4 q$ q% N7 u
prices that characterized the market - even during the typically slower summer
) y+ ^& h; x! [, [season - it is expected that activity will become slightly more balanced, as
9 d. t, G' Q  ]: _9 a. G' {) Pbuyers are becoming more reluctant to participate in the frenetic activity.

8 d* F. n3 T0 t. f% M' i% P; I4 U9 q* c! Q& ?
    Edmonton's booming local economy continued to thrive in the third quarter! t) A$ A/ o: c8 h/ N+ q# q
as activity in the oil sands north of the city continued to flourish. Edmonton2 f3 V" E) C8 ^$ q1 S0 V' ^, S
remained the hub of activity for those coming to work in the oil industry,0 k8 i: i; L2 H* f% @6 h" i$ b3 z8 N
maintaining tight inventory levels across the city, resulting in prices
2 v6 t1 }" |) c$ Zincreasing at record levels. However, as inventory levels continued to improve) H0 D! J& }$ {! U. ~3 N2 O9 o9 G
in the third quarter the rate of price appreciation should moderate slightly
; q+ x" C8 J' e2 w" t' [+ [towards the end of 2006.
   
# C- T& h& {; X$ i
: T6 [. b; J1 U# eWhile Vancouver has seen a slight reprieve from the severe shortage of1 h4 ?0 h9 h' h# _0 j
inventory that had previously characterized the market, supply is still unable
" F. k: ^  X( c; wto meet demand, driving house prices upwards. Vancouver has a very diverse6 @( o1 d1 l- [3 B" @
group of active buyers - from first-time home buyers to baby-boomers to& @. O1 \- r2 M
foreign investors - all of whom fuel the demand for houses, placing added# x. M7 V+ z* S( i5 `
pressure on tight inventory levels.
) K8 @. \6 X$ n- B, j
6 ~# b$ O* e* n5 A- u    Victoria's market is vibrant and supported by strong economic) h& g$ u' v; Y9 O$ K1 a8 s" V
fundamentals, fuelled by a booming tech sector and a migration of young people% L. U# ]+ Q( e( D( L& I
into the city that has continued to support the area's house price increases;
) Y8 V7 r5 H( X; z' o% o4 Lwhile increased inventory levels have afforded buyers more time when searching& D4 Q( |7 [0 _+ H3 a
for a home, helping to normalize the market's pace.
1 y6 E2 W+ k7 U9 ^, [( l; V3 Y: k8 t; [& S( m& `
    <<+ A+ c8 x9 C. u" g2 @" ^
      Survey of Canadian Average House Prices in the Third Quarter 20069 G4 g% e1 c5 e% a( c) @9 w
" U$ \3 L8 s$ B  M" |
    -------------------------------------------------------------------------# k* T8 ]% J- G8 Q/ `
                 Detached Bungalows                Standard Two Storey
% A: E+ N2 O8 q    -------------------------------------------------------------------------+ ]  k! p2 h+ J
                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q3' ~# P' U  S1 Z0 O
    Market           Average     Average    % Change     Average     Average
! [& D& M1 }$ k    -------------------------------------------------------------------------
# e' K" z4 P7 }1 I5 E5 r3 B    Halifax          186,333     173,333        7.5%     198,667     199,000& |5 B* O3 K$ _# ]' y
    -------------------------------------------------------------------------
4 `: {7 a2 N+ j. I! ^    Charlottetown    145,000     141,000        2.8%     175,000     170,000; A* U0 D3 Y* m- @4 u
    -------------------------------------------------------------------------3 ^& Q/ U& i. w* n
    Moncton          135,000     127,000        6.3%     129,000     123,000
) ?7 i4 |2 H  Y, K* l+ v! A! `    -------------------------------------------------------------------------
: _0 _: [& v# L' |; M" L$ f* Y    Saint John       141,200     142,900       -1.2%           -           -
  s0 }0 `2 q3 O1 {# B    -------------------------------------------------------------------------! H* |/ a+ o" G) \
    St. John's       143,667     142,667        0.7%     200,667     202,333
, O* x' o* I0 n" ^1 Z1 j' P    -------------------------------------------------------------------------3 V. |+ b; z: b! q9 O3 u$ [
    Atlantic         150,240     145,380        3.3%     175,833     173,583
1 C8 G9 C3 @* E( n1 ^6 i    -------------------------------------------------------------------------9 j% M4 ~* K/ f. x9 P
    Montreal         213,691     203,500        5.0%     321,141     316,185
% t7 z3 `" h+ X/ c. k( f    -------------------------------------------------------------------------
0 a) A& J/ L/ ?" q6 a4 O. Y4 `& B# o" z    Ottawa           290,083     278,417        4.2%     285,667     273,250
" k. F  s- ?' F( f    -------------------------------------------------------------------------
3 h1 N7 B9 A& T* a$ Z, N    Toronto          373,368     355,882        4.9%     481,523     474,766
, ~" G$ h, [4 c9 i3 x    -------------------------------------------------------------------------
/ Z! i' l2 X! w6 O  J# \    Winnipeg         181,579     159,860       13.6%     202,337     180,707& E5 a0 T" ~5 ^% [. z
    -------------------------------------------------------------------------
2 Z7 }2 G* M3 K. o/ N' e6 l1 o# f    Saskatchewan     170,667     156,083        9.3%     182,600     166,500
  S$ [7 n  p2 {8 j7 X$ N% _( m1 p    -------------------------------------------------------------------------% L! \2 P4 a, C8 `  Y+ h
    Calgary          395,067     252,411       56.5%     405,778     264,389
" f" p& h2 E# t/ r/ `4 m! P    -------------------------------------------------------------------------: d+ k" Q  Q- A/ q
    Edmonton         286,857     194,857       47.2%     316,429     206,7148 y4 o9 W9 B0 E/ \, g
    -------------------------------------------------------------------------
! }5 G* ?8 J: z+ v) q    Vancouver        704,250     601,000       17.2%     794,000     697,500
; I3 @" U7 V& ~; O) a4 t& m    -------------------------------------------------------------------------
' M' A5 r& V. d' r( t. x8 |9 ^    Victoria         375,000     348,000        7.8%     403,000     391,000- a1 J& \# H8 E6 f' b7 D
    -------------------------------------------------------------------------
6 o- m/ `0 m2 c    National         300,365     258,202       16.3%     365,380     322,860
* w  {& O2 J6 x8 t/ G$ V6 |    -------------------------------------------------------------------------: c/ \) U- L  X% _4 T

& v( R8 ?  ?# \5 F5 ~2 k    -------------------------------------------------------------0 e# a& k  _: z3 b& f* y! w1 ~
                               Standard Condominium
. T- l/ Z$ T( {0 f, P5 J    -------------------------------------------------------------& j! k# K0 Q/ w0 d
                    2-Storey     2006 Q3     2005 Q3       Condo
% O, |3 j7 v  _4 @4 p6 g    Market          % Change     Average     Average    % Change
+ f) m' ?3 P* _) \) N8 z# F0 G    -------------------------------------------------------------  V4 N! w/ X: L( O
    Halifax            -0.2%     142,000     103,000       37.9%) ?* k0 V: g8 r. h
    -------------------------------------------------------------
5 ~+ v2 W& g6 c; d& |6 {    Charlottetown       2.9%      98,000      98,000        0.0%, g: j: t! n; ~. q4 y" N
    -------------------------------------------------------------9 w& j$ J( ^9 j0 P
    Moncton             4.9%           -           -         N/A) E6 F" q5 J0 h! J
    -------------------------------------------------------------3 n, S$ ~; C# o
    Saint John           N/A           -           -         N/A+ D; c' M) _& g
    -------------------------------------------------------------
# i: c5 H6 ~" T7 y    St. John's         -0.8%     146,333     145,667        0.5%# z: s* N. q. [! S( f/ t/ @# c
    -------------------------------------------------------------
: S( ^# `$ ^; v6 x    Atlantic            1.3%     128,778     115,556       11.4%
- X; B$ D2 B" l) I3 `. B5 K    -------------------------------------------------------------9 C% Y. w4 |5 x
    Montreal            1.6%     193,190     188,016        2.8%. s# }$ |4 l6 \' v2 H
    -------------------------------------------------------------
# y4 S! R5 \+ ^, Z; K. w3 ?    Ottawa              4.5%     181,083     172,250        5.1%1 I  y/ X) ]5 Z6 w) r0 Q8 H
    -------------------------------------------------------------
, Y; S$ @5 g6 c3 q: V9 z6 y. x: w    Toronto             1.4%     252,088     242,918        3.8%
2 E- A5 x& S2 k. l0 Y% U& T( O    -------------------------------------------------------------) A" ?  N4 T9 S; i
    Winnipeg           12.0%     105,648      96,008       10.0%- s2 T" \" @6 H/ ]
    -------------------------------------------------------------
2 n5 Y: d! b0 U0 p0 U- m# [7 E    Saskatchewan        9.7%     106,250     101,000        5.2%
& _4 p6 Y) k9 i" g% J    -------------------------------------------------------------2 I, j) [9 x4 F# v2 k
    Calgary            53.5%     245,844     153,867       59.8%
2 `9 p# b9 g$ ]* g    -------------------------------------------------------------
6 Q6 \. ]- L  Z' q6 R    Edmonton           53.1%     200,433     131,500       52.4%. U4 R! d/ Z# G* o- E
    -------------------------------------------------------------
& Y; i' ?2 U. l, h- {( V, j    Vancouver          13.8%     366,250     323,250       13.3%! B! L" g  i4 n, Y8 K
    -------------------------------------------------------------" x: w$ S9 y% D. e( R% o3 J1 d( D
    Victoria            3.1%     229,000     220,000        4.1%: e- Q* C1 T7 `0 t0 T
    -------------------------------------------------------------7 @( s, w/ [; M, h' m' ^
    National           13.2%     211,562     185,296       14.2%
: ~( E# g, _- \. u! E0 ]    -------------------------------------------------------------
0 A" ~/ R% J+ s    >>6 M$ b$ {& e$ X4 J+ t3 y7 N

2 ~  N0 X  ]2 }5 k) p: `" T: h/ ?    Average house prices are based on an average of all sub-markets examined
- A0 S7 d4 b8 a7 U8 d' n7 bin the area, except for the smaller markets of Charlottetown, Moncton, Saint
( |5 U3 w1 s% B- H$ ^* m+ q9 eJohn and Victoria.  t) }+ C, k1 ~$ K" }- B* }

& M" _4 Q6 C; A6 K6 z& e4 D    The Royal LePage Survey of Canadian House Prices is the largest, most. J$ n1 l+ g; [
comprehensive study of its kind in Canada, with information on seven types of" Y+ {# M3 V7 ^7 ?0 D* {
housing in over 250 neighbourhoods from coast to coast. This release8 I! F$ q9 `* s0 h  q& e% F, Z
references an abbreviated version of the survey, which highlights house price
" ~& h9 r. z- t5 l/ ktrends for the three most common types of housing in Canada in 80 communities
$ [/ f7 L/ d4 j0 p" B7 q8 Yacross the country. A complete database of past and present surveys is: X0 P0 }# ]; [- t3 U, `/ L/ s! \
available on the Royal LePage Web site at www.royallepage.ca, and current
- O  Q0 z# h! J5 @# c# Efigures will be updated following the end of the third quarter. A printable
# [$ A4 K& r5 \# Q' {' Oversion of the third quarter 2006 survey will be available online on
; T! k; f) f0 P# xNovember 15, 2006.
9 q$ I, w- c& N% Q1 w    Housing values in the Royal LePage Survey are Royal LePage opinions of6 F" O) A9 p+ V8 ~$ V  x
fair market value in each location, based on local data and market knowledge4 l% p6 r7 P4 I5 i% |! ]: E9 l
provided by Royal LePage residential real estate experts. Historical data is
* m% N) V% j' K8 I8 ^! r  z5 lavailable for some areas back to the early 1970s.
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