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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
! p( ?/ g0 z6 n4 b, P, t
0 x: }) A1 C# f) n. D- Country's market poised to show growth throughout 2006 -/ r5 ~. ~3 A+ h$ h4 M: |
# ^& o* T( R) v8 x) \
    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market4 \! V! z; T+ q$ K; W1 @# m; t
exhibited moderate price increases and stable unit sales during the third
  m3 i6 g0 U! H. S9 Squarter. Wide regional variances continued to be the dominant characteristic" N$ ?' i2 N4 P5 ?6 r, F
in the market, exemplified by frenzied levels of activity and double digit
5 Y* |) b" F: ]* \  \7 vprice gains observed in the energy and commodity rich Western provinces, and, `* u0 Q! p0 v  T* f
more reasonable sales volumes and moderate price appreciation in Ontario,$ n: w) I: a' \  l) ^, q# [# \
Quebec and Atlantic Canada, according to a report released today by Royal; b& O/ G+ \2 P
LePage Real Estate Services.  p. ^* i9 V  e. [  F

3 m3 @7 ^& j( z/ U9 D* d9 }. x. O    Nationally, market trends established through the first three quarters
! D' c4 R# t% u! r9 z2 `& D6 `are forecast to continue for the remainder of the year. Robust economic( F* L8 ]/ s+ _8 |1 B
conditions, low unemployment rates, modestly growing salaries and wages, and- m5 O. V3 t, _# `6 q( G8 g
sound consumer confidence contributed to the overall strength of the
9 r9 A. ~, \( Aresidential real estate sector.
0 t6 m* C9 r4 Q2 y0 K7 V- Q: t: ~. \/ ?; y& q' L  {( l
    Of the housing types surveyed, the highest average price appreciation' A& e4 }# P. J- o1 S9 ^# ^
occurred in detached bungalows, which rose to $300,365 (+16.3%)
" V$ e( o1 B9 {. W9 S1 v8 Ryear-over-year, followed by standard condominiums, which rose to $211,5622 a0 Y7 l3 l  u# G6 o2 q8 F; K
(+14.2%), and standard two-storey properties, which increased to $365,380
+ U" _0 d+ c; d2 z(+13.2%).5 w/ L& u  T7 v. G9 d1 m9 B' R
  i; }' B( H. c8 j) k. V8 D
    "Canada's sturdy housing market continued to demonstrate steady growth
" g/ k* X) M' c0 o, xduring the third quarter. For all but the west, we have moved on from the( h; n$ Y* I" n5 {
frenzied expansion that characterized the first half of this decade, and are3 }, W2 [) {* g( \8 q8 j5 t
poised to show continued growth at a more moderate pace," said Phil Soper,
2 s  Y* K8 A5 M# Y1 Hpresident and chief executive officer, Royal LePage Real Estate Services.; Y6 v: A& ]; Z
"Gone is the sellers' market that we have lived with for some years. We
( Z) f; g, i* \+ j6 `/ Twelcome the more reliable conditions that are characteristic of a healthy+ E! X8 x7 }4 m
balanced market."0 U* U4 t& V0 a: u* g$ ?) \
# ?+ [. N3 u& v  O9 P
    Despite the double-digit rise in average national house prices,% J! q6 d* P1 X& l6 k& ~
considerable regional variances were exhibited again this quarter. The shift
1 _+ f' X& F' z$ X+ rto balanced market conditions, which began in late 2005, has continued" ]" R0 y3 a9 o
throughout most of the Central and Eastern regions of the country. In the core
' I% \2 F9 _8 e$ S: p$ Oenergy producing western provinces, the combination of very high in-migration,
+ d/ Z0 a6 Y: M, \6 Gmanageable affordability, and a shortage of inventory has driven record! q: p( r" C! A. K0 `* Q6 u
breaking price appreciations.
  p9 }5 |7 F1 {* C5 F6 M
6 s; s) T: s& x& w$ v) p    Echoing the second quarter and supported by Alberta's rapidly expanding( e9 E. M3 G: \5 F2 |5 c0 P  L
economy, Calgary and Edmonton led the charge of Canadian cities with the
2 r- q8 d5 J, a$ C, tlargest house price appreciation in all housing types surveyed.
% C- `, s/ P% y4 X; b9 c& I
/ d3 l. ]- z. \1 ^- d; R2 Z    In Ottawa and Toronto, growth remained steady, supported by solid
$ R, T7 ]5 ~) H! F1 ]economic fundamentals, an increase in available inventory and strong consumer6 T5 J/ H$ X, u; E! Y! i& U; d7 `
confidence. While the pace of price appreciation in Ontario leveled off
$ Y+ R! V; z4 ?; A% Qslightly, the province's real estate market remains poised for modest growth.
: y2 e# P) d" z% C; A$ u5 fIn Atlantic Canada, new housing and condominium construction offered buyers
5 J  s# K$ P& {4 Wgreater selection at more competitive prices, resulting in a slower rate of5 @+ H/ a- p7 _  e2 e
price appreciation when compared with 2005.5 U, g0 k3 L8 l" N4 o
; R; I; c3 P7 |8 ?" F8 J3 }- C
    While the pace of growth in Canada has slowed, the domestic housing! q' ]% y, h( I6 |
market is expected to outperform the American market. The economic and
: F" ~3 K6 b! D# J5 O/ kfinancial fundamentals driving the residential real estate sector in Canada
7 [: q) `2 }3 G8 Vare markedly different than those found in the United States.
; b  l8 L* V1 G1 r# s
9 }, N: w. c* v; D* G& P( F6 Y* x2 r    Added Soper: "Canada's housing market is likely to outperform the5 s7 j# \( d! I
American market through 2007. A number of factors are working in Canada's3 z- i; u4 s8 e; F( |* X
favour, including healthy personal and governmental debt levels, the
6 V% E5 p3 p$ h9 U' L0 ?7 Grelatively modest rise in interest rates in our country, and general* ?# z! o. ~3 U
affordability in our major cities. In addition, Americans are now seeing the
1 ?) ]% `0 f2 n. h4 Ldownside of a tax system that encourages maximum homeowner leverage, and8 b- R  ?: E: v. Q
aggressive financial products such as zero- and negative-amortization
( [& c) w) V# M  ymortgages that work only in a high price growth environment."
) Y% E5 h$ S0 b7 A# }& w
) G( o# B; }( N6 {    <<( C  B5 x+ V' f6 Z# r) v' U
                             REGIONAL SUMMARIES2 `7 [" A) c" `% T, X% w, p: Y8 p
    >>9 q% p4 ~5 j  e  C# q6 X- @  Q
& K5 ?. I9 U7 I+ e2 E0 F( K" I7 b
    Balanced conditions continued to characterize the housing market in
/ ^$ d0 R7 q* g) fHalifax, as significantly higher inventory levels helped to moderate the rate
# e; I5 K" {  [+ I6 [0 mof price appreciation. Buyers were increasingly choosy, taking more time
& ?0 s8 ]5 D. u% d; Y% @& ]looking for newer, low-maintenance properties that were not in need of3 z8 A; F2 ?3 j! T; g
renovations.
% v) d$ D+ x+ d/ ~
5 p9 P! g9 m) w4 f9 a% M1 l; e    The housing market in Moncton remained healthy and strong as a slight
" P6 S# n8 V7 t  _( Jincrease in inventory helped to moderate the rate of price appreciation0 A. `; w8 P+ X6 n6 s& w
compared to the same period in 2005. Activity was brisk throughout August and( X6 W" ]8 ~( Z2 n; u" M
September and is expected to remain this way through the fourth quarter.
8 p7 C1 l% Q# G- n! Z+ g" H, ], ?& N" f; g5 A& v, \( u( H
    The housing market in Saint John underwent its traditional summer0 M# v) j) T! H. u1 J% i
slowdown in the third quarter, with activity picking up towards the end of the
/ f. j7 M+ h# t& e5 X7 Yquarter. The local economy continued to thrive, as construction on a new
- U9 ^1 G1 P: _& W8 k3 S600,000 square-foot shopping area has begun, bringing several new box stores2 U6 d' }5 e/ l) R0 q3 ]$ b; K
to the area. Buyers have begun seeking less expensive fixtures for their homes
5 E3 @/ n" B9 K8 O, X9 m+ L% j( xand are instead opting for more affordable housing options.) g; S0 |7 T0 _0 d+ [
3 Z6 p8 ?" x7 H1 G5 d
    In Charlottetown, the housing market started to move towards balanced
" b1 a( y# \) Jconditions, as some sellers had to begin to lower the asking prices on their% i1 f( ^4 u' T7 A% k1 ~
homes to make them more competitive. Activity from out-of-town and US buyers3 R& P! P" S! K1 P: [
was down slightly compared to 2005, likely attributable to the strong Canadian
. A2 Z; L  O0 Y- o3 B5 K  i; k8 i' V7 cdollar. Inventory levels began to creep up in the third quarter, providing
7 }  \9 `! D8 b5 z/ Pbuyers with more options when looking for a home.: G+ A* ]. s* z, U3 R, t8 @
5 y, @" Z' T2 x- u
    Activity in St. John's slowed slightly in the third quarter, particularly. U+ o8 P3 X2 ?, m3 D3 |
among higher-priced properties, where there was a slight over-supply of homes4 ^  J5 b; G- a' H4 o& N) a1 i
priced over $200,000. Listing periods have increased when compared with 2005,, |5 J! _9 c- l2 t$ E
as some of the pent-up demand that had characterized the market over the last9 g0 P0 K0 `8 u7 w7 z  f& Y3 x1 V
few years has been satisfied, resulting in more normal, balanced conditions.5 U' c2 U: y; _8 |& f0 E" c

0 _' E+ q7 M3 H    Montreal's housing market recorded modest increases in average house% M6 G, O5 J" T6 d3 W) Z
prices, due to a slight seasonal slowdown in the third quarter as inventory
$ p  @( |/ {* c3 b6 ], \levels rose. Part of this can be attributed to the fact that many renting- {, u' {9 c( |4 X# v
first-time buyers were motivated to close on the purchase of a home by July 1,
0 F) q& T7 V9 Owhen rental leases expire in Quebec. Once this date has passed some of the3 G. ~# S' b) A- {, a- I
pressure is taken off the market, allowing buyers to visit more homes before
" D( M. Y8 D& Wmaking a purchase.
7 R0 M9 q) Z+ Y' o7 K
% m3 J- t* V' q  I* N. D    Ottawa held its position as one of the country's most stable housing
6 p! W) G7 q9 w  |# l+ i+ P  \markets in the third quarter, reinforced by a vibrant local economy and strong
3 ~" O  f& [0 [! r  s( V2 econfidence, resulting in modest increases in average house prices. The city
1 V$ u/ G) o* j8 A& L) bcentre remained a bright spot in Ottawa, with homes in this area attracting
: x( G/ V' ]+ m1 K1 P0 g' _  iattention due to their convenient location and proximity to downtown
8 @+ l3 l" B0 J* W; _0 J# kamenities.1 ^% \5 }0 Z( N1 u0 H# H" `" F( w) I9 F

+ e3 b3 H$ _+ q- k2 g    The housing market in Toronto sustained healthy activity levels" v5 G# e* B' T3 F
throughout the third quarter, as a strong economy helped to maintain demand& J9 k, _. Z% s! h/ y4 w: L
across the city, causing average house prices to rise moderately. Toronto has& `' a: R! z! X& t0 X
continued to experience modest growth in average house prices, and has been! f/ ]+ d6 A$ f: ^) S
driven primarily by purchasers who are buying homes as their principle6 _8 s- H7 R! {4 {3 _
residence, rather than for investment./ S( l5 \- {( p$ O! ]% b$ e5 {
( e. A- m& B! S' ^% q! i/ I
    The vibrant Winnipeg housing market continued to show its strength as
- I) k( E: M9 A+ G, r9 \house prices rose during the third quarter. The booming local economy resulted
. x1 |/ @% {' `in a historically low unemployment rate, helping to bolster consumer
# Z. S* ^# S" h* U& B' O& {1 hconfidence and Winnipeg's ranking as the city with the lowest capitalization
6 _% E( u7 H2 f( Orate among the country's larger cities - helped to encourage buyers to enter
0 d1 g& h! @4 C0 y" i& L" }' Athe market.
) C! O) {3 U, Q/ T6 _- o. L3 w" ]* A9 S* _0 _# m8 W2 V$ n
    In Regina, the market experienced a slight seasonal slowdown through( q& r: {7 B5 ^; b- k3 K, i' v+ x* j
July, as there were fewer purchasers in the market due to summer vacations. In% M5 K+ b# B+ t; O& S
August, activity resumed to the busy pace previously seen in the spring& [- R" ?: K7 T
months, as the influx of purchasers made it more difficult to find a home due
% @- T; Y7 c5 C, A( fto the shortage of available inventory.3 q2 `6 t6 S3 o7 E2 e  z, A
+ b6 Q' p( B; E0 p8 h
    Activity in Saskatoon remained brisk as the market maintained its
9 ~% H* Q# n" f( f+ G6 cmomentum from the busy spring sales period. The economy in Saskatoon remains+ u5 q3 c5 X( }: g% P
vibrant, as employment opportunities are abundant with many businesses
( ^  w" Z5 b5 q5 P3 v% [struggling to make hires and having to recruit outside the province.3 a; G' Y0 E6 Z3 ]4 a" |
* X, r/ t* \: d9 E- r4 X4 P3 I
    Calgary's housing market recorded blazing average house price increases
# D" X/ Y$ G  b1 B3 Sin the third quarter, in all surveyed categories. The burgeoning economy, low
  G: U0 k- b) e! N. sunemployment rates and low inventory levels remained the leading factors that1 ^' ]* Y' T/ B, S8 r: z- p! F
pressured Calgary's house prices upwards. However, regardless of the soaring  N- L6 S8 b8 e
prices that characterized the market - even during the typically slower summer
( z- q6 U2 d: l! x/ Dseason - it is expected that activity will become slightly more balanced, as- Y& Q$ t8 C$ C1 E) O6 d: K
buyers are becoming more reluctant to participate in the frenetic activity.
' j" D2 ?6 B; T1 ^! j0 `3 {3 ?
; M) ~2 U* f, g! _( S. S
    Edmonton's booming local economy continued to thrive in the third quarter
! U* r4 I8 m! [% U! Eas activity in the oil sands north of the city continued to flourish. Edmonton
3 Z% E  t; V1 l& zremained the hub of activity for those coming to work in the oil industry,
( ^5 _  M/ I6 i8 l6 Fmaintaining tight inventory levels across the city, resulting in prices
( |( z. v4 t1 n- {increasing at record levels. However, as inventory levels continued to improve! a6 g! n- X( X) o
in the third quarter the rate of price appreciation should moderate slightly
* _0 B: `) [( `" K8 Z  v  Otowards the end of 2006.
   
/ J0 n1 T  |- Y( X$ g' `
3 W, ~# J- j' V4 w5 w6 V3 Y1 @While Vancouver has seen a slight reprieve from the severe shortage of
9 C; u8 U" g' s8 m) r8 Q0 f) Winventory that had previously characterized the market, supply is still unable7 B9 {1 F) l- Z  x9 n& y! g; z
to meet demand, driving house prices upwards. Vancouver has a very diverse
9 d) U1 }. J, m7 l" lgroup of active buyers - from first-time home buyers to baby-boomers to
8 a4 v, `& f/ `! }foreign investors - all of whom fuel the demand for houses, placing added
9 w+ a0 w. B9 J( `* Ipressure on tight inventory levels.- v  `# c- g5 P) _: s, K2 ]7 z

: B5 }* y' i# {+ Q8 m* p3 J' s8 u% E    Victoria's market is vibrant and supported by strong economic+ d( p5 W$ ]% j
fundamentals, fuelled by a booming tech sector and a migration of young people- `2 `4 ?' l# C( U
into the city that has continued to support the area's house price increases;$ q* @& e( G# ?2 V
while increased inventory levels have afforded buyers more time when searching. J/ E5 o& L0 ~; A
for a home, helping to normalize the market's pace.
2 v3 V' `& m. y' f) H' m4 ~& Z
+ B9 e4 O* I: j. t6 O. ?    <<
) c: ~5 ?) Q; D0 D6 \, P6 u- G1 E5 A      Survey of Canadian Average House Prices in the Third Quarter 2006% F& L5 ?; t5 K7 s) \

! y8 W' Z- ?/ S) ?6 V2 _    -------------------------------------------------------------------------
: E2 H5 f- C7 A/ f8 n  a6 |% `/ `                 Detached Bungalows                Standard Two Storey
- w6 l6 C! [) F: [; L) x! S8 `    -------------------------------------------------------------------------3 w6 ~" A7 k0 }
                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q3
. Z4 z$ R: {% z7 O9 E3 H3 H    Market           Average     Average    % Change     Average     Average- h+ h4 r( v6 K: Q% q
    -------------------------------------------------------------------------
: Y/ Z! _8 f9 g8 l/ G    Halifax          186,333     173,333        7.5%     198,667     199,000
1 Z( H% S1 l5 S2 n* X8 S& |    -------------------------------------------------------------------------
( k. J& z( ], Z9 G    Charlottetown    145,000     141,000        2.8%     175,000     170,000: {6 g4 Y: l/ A4 H' j5 s
    -------------------------------------------------------------------------
) ?0 U# [# H' e    Moncton          135,000     127,000        6.3%     129,000     123,000
1 B3 I: g( q, x1 R% B; B9 q) w/ j    -------------------------------------------------------------------------
9 r9 e6 H$ H. ~6 O9 b+ X    Saint John       141,200     142,900       -1.2%           -           -
; t8 S- c; }8 E3 g    -------------------------------------------------------------------------
+ i- N5 M- m0 X( h    St. John's       143,667     142,667        0.7%     200,667     202,333( N1 ^# ?# C3 `) f) a+ G
    -------------------------------------------------------------------------
% A+ D8 p! c+ _! z    Atlantic         150,240     145,380        3.3%     175,833     173,583
  A6 \" b( }+ Q$ A# s    -------------------------------------------------------------------------
" \$ g7 R" v0 Q' n- }) c    Montreal         213,691     203,500        5.0%     321,141     316,185+ q& K3 k9 h2 |/ @: P* g6 ^' K4 ?2 m
    -------------------------------------------------------------------------
/ X+ \' q$ j" j: ^! X$ u0 _: D. `    Ottawa           290,083     278,417        4.2%     285,667     273,2505 V2 x; F. w; s; k3 w, {; E# j
    -------------------------------------------------------------------------
/ k: B& x2 n1 y& V! n, e    Toronto          373,368     355,882        4.9%     481,523     474,766
/ Z( }' \( p  J    -------------------------------------------------------------------------& T7 S: z9 ?; C3 q+ R
    Winnipeg         181,579     159,860       13.6%     202,337     180,7073 ^; @% f, r& k* R( j9 M* m
    -------------------------------------------------------------------------" Z! y0 C2 h& p9 E( W  I5 R% [
    Saskatchewan     170,667     156,083        9.3%     182,600     166,500  V3 L9 O/ t5 X8 D% B3 j2 B
    -------------------------------------------------------------------------
* B2 `7 A+ x% ?" e    Calgary          395,067     252,411       56.5%     405,778     264,389
- g% T$ S1 t# J* l% I  ]    -------------------------------------------------------------------------: z- Q! n* p" F
    Edmonton         286,857     194,857       47.2%     316,429     206,714
7 R/ ?* M4 W. I8 j3 _( W    -------------------------------------------------------------------------
6 _0 i5 G! N& H; s3 ~7 R3 \    Vancouver        704,250     601,000       17.2%     794,000     697,5001 R5 X3 \. B8 \# C
    -------------------------------------------------------------------------6 h4 P( {$ A* [& `& n! v
    Victoria         375,000     348,000        7.8%     403,000     391,0004 N) {) J) @3 C9 M1 r( |, B% y
    -------------------------------------------------------------------------
8 t0 P+ U0 K! @, }7 T4 m    National         300,365     258,202       16.3%     365,380     322,860% O3 f  c8 m5 a* A
    -------------------------------------------------------------------------
; B" I2 X; `  G" j/ M, t' ?; {/ t' Z; M
    -------------------------------------------------------------
- b3 i5 F0 f7 T& h                               Standard Condominium
9 n# q/ m! j' u% U9 |    -------------------------------------------------------------
2 ?5 U6 c- Y% @. r: `; R6 f5 x6 @6 [                    2-Storey     2006 Q3     2005 Q3       Condo0 n9 u: }0 z  }5 p8 Y- y
    Market          % Change     Average     Average    % Change
; Y7 x' Q, P, Q+ N7 l9 C2 p    -------------------------------------------------------------, V' n9 l5 Z! e
    Halifax            -0.2%     142,000     103,000       37.9%
  {& I. k) j/ g* s: Y7 o# j    -------------------------------------------------------------; s" v' D8 Y" V  P2 r6 K# v
    Charlottetown       2.9%      98,000      98,000        0.0%
/ p( ?/ |, n4 U+ |) t( Y- a    -------------------------------------------------------------
; w5 q. s1 A! Y: w- k% S9 U' e1 r$ L/ m9 W    Moncton             4.9%           -           -         N/A/ `: d2 `( V1 m. p" ]1 H1 A
    -------------------------------------------------------------- B8 o8 o- d& f, s; Y1 z% X' @: M
    Saint John           N/A           -           -         N/A/ o* z. h1 v# r" Y3 l
    -------------------------------------------------------------
' l% j: `/ H3 f) n6 P+ {5 P4 {    St. John's         -0.8%     146,333     145,667        0.5%
) G1 ]$ W0 `; M9 J" r1 S7 [    -------------------------------------------------------------: D8 I/ q0 U( n. n4 m
    Atlantic            1.3%     128,778     115,556       11.4%
. A, k6 E8 C5 a# m& s/ A0 I    -------------------------------------------------------------
. z: y0 C+ g* C8 D( n    Montreal            1.6%     193,190     188,016        2.8%
. l9 m( p' K0 u6 ]3 m& U    -------------------------------------------------------------
5 J. T% v( i* l* N% |- t! ^8 e+ h    Ottawa              4.5%     181,083     172,250        5.1%+ f) q1 F) S) I+ h
    -------------------------------------------------------------" U8 l7 r+ G: W3 f+ x! v7 A
    Toronto             1.4%     252,088     242,918        3.8%6 {; }  y7 z* M% [* `
    -------------------------------------------------------------
& p* \+ i! y5 K: Z    Winnipeg           12.0%     105,648      96,008       10.0%
9 h( e. U) H8 x# Z: _# G9 f    -------------------------------------------------------------* T4 F; l& H" {& }5 }& S
    Saskatchewan        9.7%     106,250     101,000        5.2%
( A/ r' ?* t8 s. m9 X/ ?    -------------------------------------------------------------
; e$ l% I, g3 w' X$ {) D4 ]    Calgary            53.5%     245,844     153,867       59.8%$ V  l; ~6 x  q) h7 `
    -------------------------------------------------------------
. _8 i! V9 w; d& S# O8 u/ C    Edmonton           53.1%     200,433     131,500       52.4%
$ z$ I9 f! c! V: j: D1 J    -------------------------------------------------------------$ B6 y0 t9 t7 f% K/ V/ T
    Vancouver          13.8%     366,250     323,250       13.3%
6 S) @: u% m" C# \1 \, h0 i: B    -------------------------------------------------------------
/ C* |- k% a$ a5 O    Victoria            3.1%     229,000     220,000        4.1%( V/ R' K9 j$ X% r  F( g3 m
    -------------------------------------------------------------1 G$ P0 H4 p" b. h
    National           13.2%     211,562     185,296       14.2%( ]" g/ }" h) e/ j. Z2 y
    -------------------------------------------------------------- ~4 z9 j" Y; R. N% ?2 J# a, F5 a; b) I
    >>  W8 X0 V5 e+ I
6 v6 T$ q4 e2 ?) r/ Z
    Average house prices are based on an average of all sub-markets examined% D& }9 y* ?# C9 z
in the area, except for the smaller markets of Charlottetown, Moncton, Saint& D  J- g% i- _
John and Victoria.( h; B: v. b4 T

8 a; A. {: L' }( m( x$ g    The Royal LePage Survey of Canadian House Prices is the largest, most
* l' d( o, b! M$ b$ mcomprehensive study of its kind in Canada, with information on seven types of
" V. I+ `0 N+ @" G  u& a: zhousing in over 250 neighbourhoods from coast to coast. This release
  X1 M4 u0 Q0 j5 v- N. m/ I4 [references an abbreviated version of the survey, which highlights house price% K1 k0 O) U  {6 g
trends for the three most common types of housing in Canada in 80 communities& B& b/ q: r; v1 t9 a5 H
across the country. A complete database of past and present surveys is% H0 m9 x1 i3 [
available on the Royal LePage Web site at www.royallepage.ca, and current& N% R  t) ^: u
figures will be updated following the end of the third quarter. A printable
7 E' F! Z) G0 Z5 o$ S7 Bversion of the third quarter 2006 survey will be available online on8 z" H& P7 c: a6 y4 ~
November 15, 2006.% s; C0 B* ~' x  N) e1 \# r$ ~
    Housing values in the Royal LePage Survey are Royal LePage opinions of
* m3 g/ b1 n' M6 C& D  p9 r- {fair market value in each location, based on local data and market knowledge
7 p/ W3 l/ q' v+ iprovided by Royal LePage residential real estate experts. Historical data is
, w5 W8 @" a5 g* Uavailable for some areas back to the early 1970s.
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