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Canada's housing market both vigorous and stable + k# I/ z+ J+ o0 O4 o* o2 S( s. S5 {6 B
( q5 _& N9 E' m6 k2 G- Country's market poised to show growth throughout 2006 -
9 w6 I" f, {; ?& Y" u; A, \
! }$ ~! o! k, K& q7 f9 D* P5 G/ T TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market
7 a {& V! B9 ]& t& _exhibited moderate price increases and stable unit sales during the third0 }# r. V0 n) w1 x6 f2 z' C
quarter. Wide regional variances continued to be the dominant characteristic( w* z1 P% M# c$ \6 H
in the market, exemplified by frenzied levels of activity and double digit% a! |& i2 L& L' W( ?( @
price gains observed in the energy and commodity rich Western provinces, and
q+ O' l5 q$ H+ I- S6 @more reasonable sales volumes and moderate price appreciation in Ontario,
' o* J! \ f4 f G9 A. uQuebec and Atlantic Canada, according to a report released today by Royal
/ ?4 U! G1 k; L1 S3 w. O+ _LePage Real Estate Services.
4 h2 c( O* I9 N# e7 b q( J
" [% O: c1 h8 M. j, j) J# n* n Nationally, market trends established through the first three quarters* D% I" Z' B$ m
are forecast to continue for the remainder of the year. Robust economic
* ^% {1 }7 ]% `# wconditions, low unemployment rates, modestly growing salaries and wages, and
* P' S& \# ?- M8 Dsound consumer confidence contributed to the overall strength of the
4 L/ N- Z! f) N8 r. Q% Cresidential real estate sector.
8 J8 d/ q! j) y: j3 ?
( R0 D, O, P7 F+ e( }& L( R2 v* A Of the housing types surveyed, the highest average price appreciation
- {* d {1 k" h& ~3 V* goccurred in detached bungalows, which rose to $300,365 (+16.3%)
( y2 x3 {5 H3 h+ F4 Q0 j( hyear-over-year, followed by standard condominiums, which rose to $211,562 k. L8 x! W) E) D
(+14.2%), and standard two-storey properties, which increased to $365,380
7 {3 u1 U6 u! [ N% z7 A% z(+13.2%).+ }; k% ?4 I6 e; U1 u2 z
# N7 ]" ?7 K: F8 g2 B "Canada's sturdy housing market continued to demonstrate steady growth
. ?$ }* T1 }7 q, Y. Y' x+ K- Oduring the third quarter. For all but the west, we have moved on from the
4 b4 A, s; J% `' x- E6 p) Cfrenzied expansion that characterized the first half of this decade, and are
' G) z2 V! {3 Jpoised to show continued growth at a more moderate pace," said Phil Soper,
( {/ C: ]" y& [0 F. c" l' y5 Apresident and chief executive officer, Royal LePage Real Estate Services.* |0 N0 d U- ^3 j! J0 d) F
"Gone is the sellers' market that we have lived with for some years. We
' T7 [& T ~& `+ v8 f# i. Rwelcome the more reliable conditions that are characteristic of a healthy
* T2 O, u% g$ m' L# Ubalanced market."
' d ~1 K) B' }) m8 K1 Z" G
" Q( t! D) x" j( \% k+ H Despite the double-digit rise in average national house prices,, x5 c; D* f! y
considerable regional variances were exhibited again this quarter. The shift7 x1 L3 W0 l o6 g
to balanced market conditions, which began in late 2005, has continued2 c& o$ ]3 o& J
throughout most of the Central and Eastern regions of the country. In the core4 E# A/ \0 W( G5 L! q0 t' C# i
energy producing western provinces, the combination of very high in-migration,4 U7 r( [% c' L) x/ s! e5 @
manageable affordability, and a shortage of inventory has driven record0 u' n& V( u3 |3 U
breaking price appreciations.6 S f$ R2 E5 \/ T
4 P2 R0 M9 ]% L4 h, F
Echoing the second quarter and supported by Alberta's rapidly expanding& c1 A+ E# o" _/ r* e" h8 i
economy, Calgary and Edmonton led the charge of Canadian cities with the
6 J# L; l- B/ G6 jlargest house price appreciation in all housing types surveyed.) [ j7 A8 h2 o, j# r1 x
3 r) D8 G1 |9 U3 S, h& Z. z" H! R In Ottawa and Toronto, growth remained steady, supported by solid
2 e5 e3 a3 T' h& f9 B( [+ `% _economic fundamentals, an increase in available inventory and strong consumer
6 h) ?$ }4 _1 B# d! k# r( e% Iconfidence. While the pace of price appreciation in Ontario leveled off! q: e8 X& i- a, c
slightly, the province's real estate market remains poised for modest growth.) P" j3 {1 N6 i0 c& G2 W
In Atlantic Canada, new housing and condominium construction offered buyers6 S. w4 m c" F1 ?9 N# P- D# ^$ W
greater selection at more competitive prices, resulting in a slower rate of4 ?. f( d0 ]! d8 V9 t$ _
price appreciation when compared with 2005.4 P7 ]) u+ b( s' k! f) b. @( ?1 L
+ t6 b, p( ~; Z+ B While the pace of growth in Canada has slowed, the domestic housing( B1 l$ D3 ~+ P3 \& _
market is expected to outperform the American market. The economic and/ |6 E1 }+ ]; [3 L7 k# {. F
financial fundamentals driving the residential real estate sector in Canada; `) s. j& _0 W) L' H- j* A
are markedly different than those found in the United States.
1 r3 e0 W' v$ Q0 S7 c/ U. v: I/ l/ z3 b+ h$ l
Added Soper: "Canada's housing market is likely to outperform the
% I/ _+ w& T) C* |' j; |" _American market through 2007. A number of factors are working in Canada's
, y/ W" V1 w2 Tfavour, including healthy personal and governmental debt levels, the# E8 H& P; O# n/ S2 J9 E# S- E
relatively modest rise in interest rates in our country, and general
% f+ `) `4 F! G5 kaffordability in our major cities. In addition, Americans are now seeing the
" \& k0 ~1 W3 q' r( b' _' ^downside of a tax system that encourages maximum homeowner leverage, and
Z: U, K* I$ haggressive financial products such as zero- and negative-amortization$ N3 t2 c1 d- I; n5 R
mortgages that work only in a high price growth environment."
9 V, P. t$ o3 J2 @3 }. f+ B1 @$ D) A4 W) ~9 A1 l
<<
4 X0 T' i/ b4 ` ^- D; x0 a) w$ S1 S REGIONAL SUMMARIES
d$ ^- v# @9 ~7 o. {# t; A >>) G% O, p$ C0 u, M+ f) s) v# m6 Y& d
$ {( E7 c9 Q: S# @: I Balanced conditions continued to characterize the housing market in' V- k" G) r% j, ? V! O3 t
Halifax, as significantly higher inventory levels helped to moderate the rate% T0 f; ]+ M, [/ R# z4 N T
of price appreciation. Buyers were increasingly choosy, taking more time
: P# n& o) ?: {3 |# Q J% Slooking for newer, low-maintenance properties that were not in need of
N4 Y. |. a( B! Y$ ~( A/ z8 Yrenovations.4 ~; B; g3 ?! U: l) ?' x. ]
" ~) O# I3 D3 D0 w$ e: p9 Y* l
The housing market in Moncton remained healthy and strong as a slight3 k9 O2 ~, l/ p1 U
increase in inventory helped to moderate the rate of price appreciation
6 I) }6 L& [1 W: {$ ]6 { D- Zcompared to the same period in 2005. Activity was brisk throughout August and
% B+ b; N( U( D/ K. K- gSeptember and is expected to remain this way through the fourth quarter.
* x& h0 V3 w" t$ G$ X
5 v$ m# I+ N: z4 ` The housing market in Saint John underwent its traditional summer6 N2 w* ]9 o- |; f6 ? q' D
slowdown in the third quarter, with activity picking up towards the end of the
, Q; Y. I9 w% s( F/ @quarter. The local economy continued to thrive, as construction on a new* a" Y; z0 o5 P* ^) F5 L
600,000 square-foot shopping area has begun, bringing several new box stores
* p/ X8 D: @% O# R- Vto the area. Buyers have begun seeking less expensive fixtures for their homes
2 T6 f B; U# _+ v( i- uand are instead opting for more affordable housing options.
4 T- e& Z! u) w8 C/ b+ M% @+ h) Z b% w+ t9 n
In Charlottetown, the housing market started to move towards balanced
8 m( f" f" j1 ?' L$ tconditions, as some sellers had to begin to lower the asking prices on their
) w5 A1 T% D' y Q% L" [5 Chomes to make them more competitive. Activity from out-of-town and US buyers
0 M. K2 ~9 M" P7 I9 t+ S1 s/ Mwas down slightly compared to 2005, likely attributable to the strong Canadian
: t: C( g8 a5 j; i" M3 A; adollar. Inventory levels began to creep up in the third quarter, providing2 R0 p( V3 [6 }* H9 [- L
buyers with more options when looking for a home.) G p& r4 I& t( S) t! n& n
+ k* b7 L9 F! }: b' ~
Activity in St. John's slowed slightly in the third quarter, particularly9 v5 l# r; w8 {$ j
among higher-priced properties, where there was a slight over-supply of homes9 V1 {8 X( G: Q4 w1 T
priced over $200,000. Listing periods have increased when compared with 2005,, W$ R3 z* V% v, a; o8 C2 @$ Z
as some of the pent-up demand that had characterized the market over the last
5 h; [. z/ E {few years has been satisfied, resulting in more normal, balanced conditions.
2 K+ q. X) _1 n h% C# @* ]- O
- ^; {& T8 o! X. L* S Montreal's housing market recorded modest increases in average house
/ q4 e$ l6 Q; D Q ` Y; g- mprices, due to a slight seasonal slowdown in the third quarter as inventory- n h$ O/ y) d& K5 ?: T5 X% f0 L
levels rose. Part of this can be attributed to the fact that many renting7 C1 o& c. e- C( e
first-time buyers were motivated to close on the purchase of a home by July 1,! Q3 M* e: y3 o, m; T2 v. |& a
when rental leases expire in Quebec. Once this date has passed some of the
' V+ l# S. R1 d9 B6 ~pressure is taken off the market, allowing buyers to visit more homes before
# V. N/ ~5 P6 H) d) ]6 B5 [) gmaking a purchase.
F' y. Y) z: l; L
1 N6 A) ^4 w! S7 f1 e1 s' ] Ottawa held its position as one of the country's most stable housing7 |& F5 u( q0 q
markets in the third quarter, reinforced by a vibrant local economy and strong+ H. s& Y7 W+ t
confidence, resulting in modest increases in average house prices. The city
/ y* b, `2 w4 _3 tcentre remained a bright spot in Ottawa, with homes in this area attracting
! t$ z8 d& Z, O+ ^' @attention due to their convenient location and proximity to downtown
" \- C% c# q: ]( t# l; b0 wamenities.
, D) W5 F; V2 N0 f# C. }. Z
0 v% ^/ m- W# U" {% G: h$ ]4 F& J The housing market in Toronto sustained healthy activity levels
" Z7 |, x' `' I& k8 _- Ithroughout the third quarter, as a strong economy helped to maintain demand
; ]2 O3 t# S! y+ f- A. Cacross the city, causing average house prices to rise moderately. Toronto has
2 M5 S K8 Z1 m: G0 t0 Kcontinued to experience modest growth in average house prices, and has been: w+ V3 ]8 M& h! S; F( G
driven primarily by purchasers who are buying homes as their principle
2 L6 O4 x1 f% Z0 w6 h* ~residence, rather than for investment.
0 b% m7 B9 B6 o. i
5 Q' I6 A7 }0 f+ V/ k1 n The vibrant Winnipeg housing market continued to show its strength as
a1 f. E8 Y# g& l5 Fhouse prices rose during the third quarter. The booming local economy resulted
* o c6 A; C, {# P( ~9 jin a historically low unemployment rate, helping to bolster consumer
9 H6 k' Z. @# P# Tconfidence and Winnipeg's ranking as the city with the lowest capitalization
) G4 N5 D6 z' A& D8 Q% Orate among the country's larger cities - helped to encourage buyers to enter" p [' a! W7 W7 t6 r
the market.
* t% [7 v! K5 H% @" W* C9 G& E9 ~1 o
In Regina, the market experienced a slight seasonal slowdown through2 z4 ]; }2 K0 f9 x1 H
July, as there were fewer purchasers in the market due to summer vacations. In4 {' {/ J4 q4 S* U
August, activity resumed to the busy pace previously seen in the spring, [/ h' i% ]. D8 K1 [, y4 ~0 q
months, as the influx of purchasers made it more difficult to find a home due/ @7 Q8 N# K7 P8 {+ f% T
to the shortage of available inventory.
; H: N$ X, [$ E6 R* j. l; [7 d) Z/ v8 _" s' r
Activity in Saskatoon remained brisk as the market maintained its
/ ^+ t) N/ O3 X' V2 z$ Bmomentum from the busy spring sales period. The economy in Saskatoon remains
' Y' A* w6 B( H8 m2 Rvibrant, as employment opportunities are abundant with many businesses
5 O9 T0 ]0 `5 |. u' |! Jstruggling to make hires and having to recruit outside the province.
2 r, I/ x8 j% p* @
; [, Y2 C9 R" v, i Calgary's housing market recorded blazing average house price increases
) g4 t; V3 a+ B" t! |in the third quarter, in all surveyed categories. The burgeoning economy, low
! H! A/ ~; [. m) M! Z" X0 }: @unemployment rates and low inventory levels remained the leading factors that
1 ~) r" B" C" Y( z2 {! Wpressured Calgary's house prices upwards. However, regardless of the soaring2 A: k+ k z6 G. d8 ^
prices that characterized the market - even during the typically slower summer
( z. p, N6 ~5 hseason - it is expected that activity will become slightly more balanced, as3 O% q" ?" ]3 h6 Q. m& D
buyers are becoming more reluctant to participate in the frenetic activity.% W' ]4 Y- E; \8 t8 k' Y1 H6 x
; I- [4 l! D+ }7 S1 z; e* b+ N Edmonton's booming local economy continued to thrive in the third quarter
# ], Q5 [& R) F4 Gas activity in the oil sands north of the city continued to flourish. Edmonton
- R7 T- A8 T5 Z# \* E: `remained the hub of activity for those coming to work in the oil industry,
) {9 N8 |! A* Cmaintaining tight inventory levels across the city, resulting in prices/ n0 W" y8 O9 m; D$ v1 K; N
increasing at record levels. However, as inventory levels continued to improve ^+ g' w0 ^- d o4 `$ y1 M
in the third quarter the rate of price appreciation should moderate slightly2 z& |2 t7 B6 z/ z; A( [1 A
towards the end of 2006.
5 y d) } l3 _$ z. f0 l
R6 Q }4 W% ^* iWhile Vancouver has seen a slight reprieve from the severe shortage of7 c- h( a* F/ q. K7 D; c* z
inventory that had previously characterized the market, supply is still unable# |: u% f& P8 N$ V3 r3 ]- o0 ^; P
to meet demand, driving house prices upwards. Vancouver has a very diverse
6 b5 o# n4 x0 t, Q/ W7 h- y- t1 dgroup of active buyers - from first-time home buyers to baby-boomers to! f) \, F0 Y5 o
foreign investors - all of whom fuel the demand for houses, placing added
* Q" w; F% \: G# \, o7 y9 dpressure on tight inventory levels.
! B7 U q$ ^1 _
9 q' ]% O, U6 v( b9 _ Victoria's market is vibrant and supported by strong economic$ q3 Z4 j$ V9 V5 q1 L6 b1 ?
fundamentals, fuelled by a booming tech sector and a migration of young people
O9 n6 ^8 G0 b8 k4 rinto the city that has continued to support the area's house price increases;
$ p) t5 v# t1 l5 Q$ N6 x% pwhile increased inventory levels have afforded buyers more time when searching
1 e: |+ R- y3 l7 I+ Ifor a home, helping to normalize the market's pace." K9 \* v5 ~# K# y3 [
: j1 q8 b" n+ y7 i$ H6 P <<
7 Y5 e" ~0 J$ [2 u, ?5 Y Survey of Canadian Average House Prices in the Third Quarter 2006. t! i$ O0 m/ m# }+ w3 O' J
" \' K6 y e/ r1 p -------------------------------------------------------------------------
* C! V/ C' s; f: o) U. r Detached Bungalows Standard Two Storey5 g- i) G9 \4 F a5 P
-------------------------------------------------------------------------7 A6 L; g6 r5 @/ Y+ [1 ]
2006 Q3 2005 Q3 Bungalow 2006 Q3 2005 Q3# a2 q! {# A' |1 C& y+ ?
Market Average Average % Change Average Average4 q& c5 w! b, w
-------------------------------------------------------------------------
9 a" z9 v3 ?7 I$ N5 M Halifax 186,333 173,333 7.5% 198,667 199,000" o8 l- z$ v% I- V, z* X, ]; Z
-------------------------------------------------------------------------4 @& z: a. t$ U5 ?# _
Charlottetown 145,000 141,000 2.8% 175,000 170,000
% W3 @7 m6 R8 c" ?+ _% g -------------------------------------------------------------------------
' W. [+ T6 s! [! x* @ Moncton 135,000 127,000 6.3% 129,000 123,000# {8 ?' e$ D$ U) [* c/ d
-------------------------------------------------------------------------
, d' K# f0 ], l/ P Saint John 141,200 142,900 -1.2% - -
7 |/ X/ \5 V0 l! c" R -------------------------------------------------------------------------
+ {4 G l5 U4 m$ y St. John's 143,667 142,667 0.7% 200,667 202,333- p3 S% G( M0 ]) N6 w" N
-------------------------------------------------------------------------
5 W7 b4 H: ?3 P7 k3 R Atlantic 150,240 145,380 3.3% 175,833 173,583
# T+ x+ m, K! k' W3 i9 [" b1 ?( V -------------------------------------------------------------------------
) ^7 J" r) }# K/ L Montreal 213,691 203,500 5.0% 321,141 316,185 i5 t- {0 e% ^! u) Q* S5 b/ J2 v
-------------------------------------------------------------------------
% Q A$ H- M/ k5 S& ~0 L- F- ` Ottawa 290,083 278,417 4.2% 285,667 273,250
6 Z$ i. r! A0 i9 @7 R -------------------------------------------------------------------------3 F7 w2 H& R6 l9 q
Toronto 373,368 355,882 4.9% 481,523 474,766
& }- ~9 H3 n( g3 _ -------------------------------------------------------------------------
) M; B0 E) q/ X; ^& H/ } Winnipeg 181,579 159,860 13.6% 202,337 180,707
% U; E) k0 R+ B H -------------------------------------------------------------------------
' Y3 e7 y5 l6 ]$ K Saskatchewan 170,667 156,083 9.3% 182,600 166,500
6 g& i+ O b4 t# O0 Z: Q" B, V -------------------------------------------------------------------------8 M# C6 \/ ~) q0 j j( Z/ l9 A+ _
Calgary 395,067 252,411 56.5% 405,778 264,3892 H+ O! w8 X3 X& X/ h. S
-------------------------------------------------------------------------
9 L- Y$ g/ P/ o2 v/ D& x Edmonton 286,857 194,857 47.2% 316,429 206,714
! b0 Q t' N& a: b. \: \, @% q -------------------------------------------------------------------------# M4 E6 e( [/ x4 s4 g1 Z
Vancouver 704,250 601,000 17.2% 794,000 697,500' o2 Z/ B2 F' Z4 e
-------------------------------------------------------------------------: G1 d6 Q3 t, J1 J% \; K, x
Victoria 375,000 348,000 7.8% 403,000 391,000
* T% q3 j, r1 g0 r: e$ I5 O -------------------------------------------------------------------------# T9 O2 p m2 A' u3 Q& o4 Q
National 300,365 258,202 16.3% 365,380 322,860
, h @# t9 g3 c3 \/ n1 w -------------------------------------------------------------------------
) l. j/ G/ s. G) v! u; D8 K: p3 M6 C. V+ b6 s
-------------------------------------------------------------
8 j1 @% }$ ^; x' t6 L" i$ H% i* k" t Standard Condominium
- z% v* n- y' N- o -------------------------------------------------------------
# ^( V) ?& [' N( i 2-Storey 2006 Q3 2005 Q3 Condo3 b$ v! T# K; S+ s8 ?2 Q7 V8 B
Market % Change Average Average % Change) x% F! Y5 E7 I3 g
-------------------------------------------------------------
; c" j2 c& I* v Halifax -0.2% 142,000 103,000 37.9%( c) ^5 ~5 C! @/ E( A* ]$ q) L& F
-------------------------------------------------------------
. V- J4 a n6 ?7 M2 l1 V) E$ b Charlottetown 2.9% 98,000 98,000 0.0%
, i+ j. X& ~7 {5 u7 i8 P" T -------------------------------------------------------------
; {" s$ R# B; m+ O/ B Moncton 4.9% - - N/A
( S* G! ]8 c7 Z, V& j -------------------------------------------------------------5 L& ]1 b) T! ]) i/ M
Saint John N/A - - N/A% _! r0 {7 ~: f# Z6 D. T
-------------------------------------------------------------
$ x! C+ ~ ^( }) W+ U+ u: V1 a, z St. John's -0.8% 146,333 145,667 0.5%
; t$ X" V( R5 I. J -------------------------------------------------------------
: x; ]" L' P! F3 @ Atlantic 1.3% 128,778 115,556 11.4%. N W5 I' N3 M% g3 T& D
-------------------------------------------------------------! x8 v2 d9 f# n+ _" O
Montreal 1.6% 193,190 188,016 2.8%
6 q& x( x: c& N -------------------------------------------------------------
- k; O8 g4 h! \ Ottawa 4.5% 181,083 172,250 5.1%
' \4 d5 P }& z9 _9 b -------------------------------------------------------------
" K1 D3 N9 D+ d1 K$ v; E Toronto 1.4% 252,088 242,918 3.8%" P# G* _* ]5 i- i- k$ U
-------------------------------------------------------------
3 N: D' k2 G4 l6 |( N6 b1 b Winnipeg 12.0% 105,648 96,008 10.0%
9 t; d4 v a7 ~2 s" f -------------------------------------------------------------1 B" u5 q/ W% R& l
Saskatchewan 9.7% 106,250 101,000 5.2%/ b3 }8 f2 I1 [& \1 K
-------------------------------------------------------------9 Y$ R; t! z& L: H: b
Calgary 53.5% 245,844 153,867 59.8%' ^: Y1 l, D' C! y) S$ |$ d- c, _& z. B
-------------------------------------------------------------
/ U( {7 r( U* ?9 B* m Edmonton 53.1% 200,433 131,500 52.4%% W. E' m- G2 w9 k
-------------------------------------------------------------
" L! N$ [: ]# h% P7 [ N" s Vancouver 13.8% 366,250 323,250 13.3%; G# H" W% ^/ Y8 x
-------------------------------------------------------------5 T7 g4 @, B: O& r
Victoria 3.1% 229,000 220,000 4.1%
) c& t5 ?' g' l3 O+ s -------------------------------------------------------------
$ G a. W$ t) Z; z National 13.2% 211,562 185,296 14.2%' B7 d5 _3 R% H; m
-------------------------------------------------------------5 u; `) }) _. t7 ~+ p7 b( ]$ O
>>. x) {$ |2 R/ o3 g6 b' R4 h9 j1 W
$ U9 `! c! G" { V% v. i' {& ^ Average house prices are based on an average of all sub-markets examined
( O+ u, x/ u- H% b. `$ Sin the area, except for the smaller markets of Charlottetown, Moncton, Saint
9 v- Z* V& v" mJohn and Victoria.' ]7 Q/ Q% S, f+ e9 o' H- O
4 M# L: F) I+ n& T( c- A! `% U The Royal LePage Survey of Canadian House Prices is the largest, most
, _- I: W1 X% h7 o) l3 ^: f* Gcomprehensive study of its kind in Canada, with information on seven types of
% o5 E; }* B# l! @' n9 khousing in over 250 neighbourhoods from coast to coast. This release% Y4 P$ E7 f1 k. k/ c8 E
references an abbreviated version of the survey, which highlights house price
% r s* r! X( ntrends for the three most common types of housing in Canada in 80 communities: D t& H# G8 J% B' }# i( O
across the country. A complete database of past and present surveys is
, V4 P7 R8 F# t+ o: Yavailable on the Royal LePage Web site at www.royallepage.ca, and current
3 ]6 x& i2 L8 \- n; s* pfigures will be updated following the end of the third quarter. A printable
/ a( |6 y. a. o% _* v! Tversion of the third quarter 2006 survey will be available online on
+ k5 |+ N2 |# k8 G" B+ R5 ?November 15, 2006.* E1 A1 X }' B
Housing values in the Royal LePage Survey are Royal LePage opinions of: M) y% ] {- C2 q
fair market value in each location, based on local data and market knowledge
0 e/ H e6 L" Bprovided by Royal LePage residential real estate experts. Historical data is
% m" H5 b e3 w) }available for some areas back to the early 1970s. |
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