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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 4 d: g9 F8 G- }) g' R

0 a0 C/ g& O/ t6 ^4 G- Country's market poised to show growth throughout 2006 -) ]. h+ E4 @! u* o* Q1 h

3 p" j! T9 Y. z' k5 V: F/ ^    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market5 y5 }" F# M/ t
exhibited moderate price increases and stable unit sales during the third
0 x. z0 d. R( D* L6 fquarter. Wide regional variances continued to be the dominant characteristic
$ K2 W6 O+ H6 Oin the market, exemplified by frenzied levels of activity and double digit5 p$ x& ~! o5 L2 H* R8 w5 j4 U
price gains observed in the energy and commodity rich Western provinces, and
$ I- m. i% g$ j' L5 r% Emore reasonable sales volumes and moderate price appreciation in Ontario,
, o' i$ p/ ?- oQuebec and Atlantic Canada, according to a report released today by Royal
4 U' |; T: U8 k/ Z- [: ZLePage Real Estate Services.
% J0 P8 |3 Q% U0 ~! T! W8 W( K2 [% r4 g  n0 {
    Nationally, market trends established through the first three quarters. A: G, p$ g, A+ Q8 ~" @( A
are forecast to continue for the remainder of the year. Robust economic) X2 _! i' U7 d, f( D# S
conditions, low unemployment rates, modestly growing salaries and wages, and
- t7 u7 o9 f5 R' g5 T: y1 ^$ Ssound consumer confidence contributed to the overall strength of the
2 T: U$ w2 S  U  b2 Z8 l" @residential real estate sector.% _+ ?. I- ^, j
, `6 O- X/ |2 x9 C
    Of the housing types surveyed, the highest average price appreciation/ |$ p. C& V. y
occurred in detached bungalows, which rose to $300,365 (+16.3%)2 k3 X! n# R3 K2 m( w) e
year-over-year, followed by standard condominiums, which rose to $211,562+ S" W1 u/ ^) [8 S8 @
(+14.2%), and standard two-storey properties, which increased to $365,380
. Z; ]- e: f( n5 Y(+13.2%)." ?8 g6 k. h% M7 G
5 Y: t; f" F# j. E2 o9 v6 [
    "Canada's sturdy housing market continued to demonstrate steady growth
/ ~. a7 w' x3 M' ~1 Uduring the third quarter. For all but the west, we have moved on from the
' ?! t# z* I: W$ H$ e7 E, D* _4 Yfrenzied expansion that characterized the first half of this decade, and are
. ~* ?# k7 o$ J" j  M% ^poised to show continued growth at a more moderate pace," said Phil Soper,
/ q8 a; K2 U+ }; Lpresident and chief executive officer, Royal LePage Real Estate Services.
1 k7 x) b! l) U! e"Gone is the sellers' market that we have lived with for some years. We2 {# a8 `. E9 z
welcome the more reliable conditions that are characteristic of a healthy
( Z7 z' ]! M, H8 t$ L) X* y- X$ |0 B3 @balanced market."3 L. @- p: U2 h5 w

9 p9 O+ [4 [9 h0 y* @* w9 h' n  Z- s    Despite the double-digit rise in average national house prices,3 d% L4 v% W9 X% L2 H7 S4 u( M
considerable regional variances were exhibited again this quarter. The shift
) ~  @! i2 ^9 P  s, ato balanced market conditions, which began in late 2005, has continued
5 s1 q$ E& e/ k* g' hthroughout most of the Central and Eastern regions of the country. In the core
6 D' n( d5 e* l+ J- Uenergy producing western provinces, the combination of very high in-migration," H9 m' G/ M. `: j& M
manageable affordability, and a shortage of inventory has driven record+ l0 t1 F0 a: T, r. h  w
breaking price appreciations.! s! |! r. x5 d: `7 T

8 j, g8 o: \( W! E& T/ b8 r) m    Echoing the second quarter and supported by Alberta's rapidly expanding
# J7 v% C' t5 ]economy, Calgary and Edmonton led the charge of Canadian cities with the  a+ p# E/ t2 o& K
largest house price appreciation in all housing types surveyed.
/ D6 f/ B6 i& a( w. ]2 o
4 ^* u- P1 c- s8 }, d/ X    In Ottawa and Toronto, growth remained steady, supported by solid4 k3 S8 {+ w- T0 a' c3 e
economic fundamentals, an increase in available inventory and strong consumer* I- F/ P, v1 ?( N0 b8 r+ R: g
confidence. While the pace of price appreciation in Ontario leveled off% M2 N) n# R# M% ?6 W
slightly, the province's real estate market remains poised for modest growth.1 f. T+ H  ?/ D2 p, ]7 m! c
In Atlantic Canada, new housing and condominium construction offered buyers- F  J& h/ U' r; @5 @
greater selection at more competitive prices, resulting in a slower rate of) D/ e7 @& N) B4 G0 F5 d1 F5 ~, K0 E
price appreciation when compared with 2005.
/ P: ]4 i* q4 u" j& I
* f- M0 p) N& b6 C+ l9 e8 k+ U    While the pace of growth in Canada has slowed, the domestic housing, ]! u3 h$ K0 |$ p5 f& Y
market is expected to outperform the American market. The economic and2 A) [0 E9 s# M  u8 L4 W8 Z
financial fundamentals driving the residential real estate sector in Canada. y1 k) [6 q2 Z0 M  ?2 @6 _+ N8 h
are markedly different than those found in the United States.
9 u2 }# ?% @6 k) b5 ~" ?  J" c. M/ F) F" C- E2 u2 Y
    Added Soper: "Canada's housing market is likely to outperform the
& u$ ~8 o+ D, o. GAmerican market through 2007. A number of factors are working in Canada's- Z! ]8 p) S) q! M
favour, including healthy personal and governmental debt levels, the5 `( H, Z+ ^& v/ }8 @
relatively modest rise in interest rates in our country, and general
6 J0 S1 T/ m$ n7 t; w- }- {  \9 Raffordability in our major cities. In addition, Americans are now seeing the8 F4 h: v( R+ V; S" k# @7 Z
downside of a tax system that encourages maximum homeowner leverage, and% C1 j4 F9 ?2 C8 m6 u. V) s; C/ Z
aggressive financial products such as zero- and negative-amortization( ?% V4 `2 w4 }
mortgages that work only in a high price growth environment."
8 w9 S, E2 g0 A6 K) |
5 w8 r3 N0 n/ d    <<) n' m9 i2 i  l( V
                             REGIONAL SUMMARIES
" |9 W, I9 H6 [, M& r9 t    >>3 t# R6 q, v: L( s3 {7 M: Y
; _) L. E7 \. E$ e
    Balanced conditions continued to characterize the housing market in/ V" C- u2 d6 A/ B6 r  d3 `
Halifax, as significantly higher inventory levels helped to moderate the rate
4 P% u+ i+ f. ]9 Lof price appreciation. Buyers were increasingly choosy, taking more time2 B5 P8 n2 t5 P$ m/ @! F4 K
looking for newer, low-maintenance properties that were not in need of
( _+ ]9 E7 m1 F" @# l2 B* wrenovations.8 w, d4 u1 j: d
1 Y9 B4 X' m  F, C0 p% J0 o
    The housing market in Moncton remained healthy and strong as a slight
% z$ [2 t8 z# m5 d0 {0 jincrease in inventory helped to moderate the rate of price appreciation
" H* E- t$ f* Ncompared to the same period in 2005. Activity was brisk throughout August and- g/ D5 s4 N* V5 q; Q( Z, n8 Y- \
September and is expected to remain this way through the fourth quarter.- R: z) m2 L4 y1 X6 W3 F/ x# h
3 ]+ {' V0 A+ m
    The housing market in Saint John underwent its traditional summer$ ^  k- `, d0 C- r: ?* ^  n  V1 Q
slowdown in the third quarter, with activity picking up towards the end of the
1 v( {( G* d% w' squarter. The local economy continued to thrive, as construction on a new  ]; F. k8 Q: |/ t& O1 X
600,000 square-foot shopping area has begun, bringing several new box stores% S: t8 Q2 h$ f
to the area. Buyers have begun seeking less expensive fixtures for their homes) O  _% u. S& V3 A5 G7 q& E& m
and are instead opting for more affordable housing options.3 M3 F  _; E7 e3 l) G
3 Z3 f1 O3 _# T
    In Charlottetown, the housing market started to move towards balanced
$ z( t+ h: G$ m& i3 `1 V* z& qconditions, as some sellers had to begin to lower the asking prices on their% {3 s$ I+ d1 q8 U) F: b% x
homes to make them more competitive. Activity from out-of-town and US buyers
5 r* h+ i# ~9 b9 d' P, t  L4 O$ `* l4 ?was down slightly compared to 2005, likely attributable to the strong Canadian1 z5 P9 B3 u: {# o1 p2 S
dollar. Inventory levels began to creep up in the third quarter, providing8 E9 R+ }2 f8 w  d5 _
buyers with more options when looking for a home.% j! c6 j3 M4 n! p

: m! E7 @2 Y+ I- s: \  T    Activity in St. John's slowed slightly in the third quarter, particularly
0 [5 p! j. h' q: Q7 y' x9 ^1 J: Lamong higher-priced properties, where there was a slight over-supply of homes$ `4 T, J  z+ j# X1 H% q
priced over $200,000. Listing periods have increased when compared with 2005,- D0 C5 ~7 @+ f
as some of the pent-up demand that had characterized the market over the last4 S7 x% z) k+ e& Y9 R
few years has been satisfied, resulting in more normal, balanced conditions.+ `! f( S' I/ B7 {/ S7 h( Q$ i

' i* x  p$ L) }0 N/ m1 H7 v    Montreal's housing market recorded modest increases in average house
/ _- ~5 r8 C# i2 [6 Rprices, due to a slight seasonal slowdown in the third quarter as inventory
/ O1 G: x6 O8 h! L2 wlevels rose. Part of this can be attributed to the fact that many renting5 C2 z0 D4 i+ H* M/ ]
first-time buyers were motivated to close on the purchase of a home by July 1,
- a" q  @. j' h) F/ p- p* _/ wwhen rental leases expire in Quebec. Once this date has passed some of the4 M% @% ]' \  p4 {% n
pressure is taken off the market, allowing buyers to visit more homes before
) F' Q6 o( p0 q! ymaking a purchase.9 W1 p) ~! u' w) z
8 d) G8 @+ A4 @, n
    Ottawa held its position as one of the country's most stable housing; m. p  J: T- E* `( y
markets in the third quarter, reinforced by a vibrant local economy and strong3 B) |7 ?9 {) E$ H, y
confidence, resulting in modest increases in average house prices. The city
# P+ J) _6 f7 ]. b& icentre remained a bright spot in Ottawa, with homes in this area attracting
8 V* T: [. C# L0 p4 L7 Pattention due to their convenient location and proximity to downtown7 i2 _9 }2 S  R2 o1 Q; g5 k% F
amenities.  C4 _: n/ o, f# L4 h5 q

( y  T$ z3 a8 x7 ~    The housing market in Toronto sustained healthy activity levels; K% p* M3 s- [* @; I
throughout the third quarter, as a strong economy helped to maintain demand
9 F4 u+ K8 m4 k, C7 w7 |across the city, causing average house prices to rise moderately. Toronto has: f9 B  z5 y2 M3 m7 C
continued to experience modest growth in average house prices, and has been1 w9 ?' E0 N& a: v; _$ r& A
driven primarily by purchasers who are buying homes as their principle
- [5 ~, J# z4 Z, Gresidence, rather than for investment.
" Y6 g. J) s+ z# E$ p. m% I' G$ V" Z3 j7 F! o. h) O7 u- Q
    The vibrant Winnipeg housing market continued to show its strength as9 _* L" G3 k" L( i3 R+ I" r' g
house prices rose during the third quarter. The booming local economy resulted: b2 O* }* o. g, B6 Q
in a historically low unemployment rate, helping to bolster consumer/ _# X  u+ l) A! B* P' T" }5 d
confidence and Winnipeg's ranking as the city with the lowest capitalization: B, P7 ~5 ]" {5 D" z* J
rate among the country's larger cities - helped to encourage buyers to enter
* N' i& t+ q+ u4 l# u( Mthe market.% m9 o, u! ~- G: v
7 P% m& v& L6 Z# N# A/ F& B
    In Regina, the market experienced a slight seasonal slowdown through
4 r  Y; R9 [6 u  ^! s# iJuly, as there were fewer purchasers in the market due to summer vacations. In8 X2 b/ g& Y/ f- P" X  d" C
August, activity resumed to the busy pace previously seen in the spring2 U/ k# w7 |0 ]: Y) U) d" X
months, as the influx of purchasers made it more difficult to find a home due
" X, Q. j8 a& r5 P$ bto the shortage of available inventory.
& Y) C) n# b1 J& c6 h' y: E
  t6 u; R) t2 ?) w    Activity in Saskatoon remained brisk as the market maintained its
& f3 L- N0 V. Fmomentum from the busy spring sales period. The economy in Saskatoon remains
3 p% N5 w/ l' _vibrant, as employment opportunities are abundant with many businesses  r( b9 |& @" j6 X( E! ?. k
struggling to make hires and having to recruit outside the province.( r$ t: i% W& E8 _5 O- y2 `, }$ S+ D

) H, @' `7 c, t! O    Calgary's housing market recorded blazing average house price increases3 l: \+ s4 Y5 h. v& [
in the third quarter, in all surveyed categories. The burgeoning economy, low
) [+ }. N$ p" nunemployment rates and low inventory levels remained the leading factors that
# a. C* \- H6 `( P/ \- ~pressured Calgary's house prices upwards. However, regardless of the soaring9 {2 n7 y$ J5 g' N8 x
prices that characterized the market - even during the typically slower summer
) u6 j4 ]% e/ F2 b7 E4 vseason - it is expected that activity will become slightly more balanced, as+ Q7 g; ~+ q, n! _: u, V0 ]
buyers are becoming more reluctant to participate in the frenetic activity.

0 D7 A  u4 ~0 o$ A! y1 x1 j2 [- F. y) C5 @6 p* D3 k
    Edmonton's booming local economy continued to thrive in the third quarter: V' J+ |- O6 w8 ^0 ~7 Q* f
as activity in the oil sands north of the city continued to flourish. Edmonton9 \( |6 h6 f0 V! F0 `% @! L, X! T
remained the hub of activity for those coming to work in the oil industry,+ E  M# u0 N0 o: D8 h! X
maintaining tight inventory levels across the city, resulting in prices! J$ Q4 j! ]' Q$ C  o4 M: q6 n# w
increasing at record levels. However, as inventory levels continued to improve
# v, s, c' h8 a$ _in the third quarter the rate of price appreciation should moderate slightly; |9 u, A# _3 b+ e
towards the end of 2006.
    % A& Z; i8 L4 E) x) q# ?" v6 z
: q( J# D, `  q. a% B% X' v( j# ?
While Vancouver has seen a slight reprieve from the severe shortage of% B( N# n1 ?/ ?
inventory that had previously characterized the market, supply is still unable
/ ]& d- x7 T7 j7 _& z6 a! p6 d5 Pto meet demand, driving house prices upwards. Vancouver has a very diverse
) z9 _/ C/ _( [4 B) Tgroup of active buyers - from first-time home buyers to baby-boomers to& u, v7 N* N8 U! c* P) g  C- B
foreign investors - all of whom fuel the demand for houses, placing added
7 W% E* G$ S! P3 S' G" v3 ^/ cpressure on tight inventory levels.9 c$ E. x+ W9 Q

0 O: k9 j8 R/ {" E  z  m    Victoria's market is vibrant and supported by strong economic
/ v/ b/ Y4 A) a8 p! {fundamentals, fuelled by a booming tech sector and a migration of young people# a6 n7 n$ A9 D, Q; C1 |" K& F$ ]
into the city that has continued to support the area's house price increases;
8 X$ h: h3 Y& X& C6 Jwhile increased inventory levels have afforded buyers more time when searching
5 s- C9 E# v) e8 v# g6 H; _4 N) l7 E* W% Jfor a home, helping to normalize the market's pace.
5 l! m6 x1 b0 g8 B! `; n& h% M
, Q$ o. Y" h+ V+ ^7 b% s$ m    <<2 h; {. l9 r+ {7 S
      Survey of Canadian Average House Prices in the Third Quarter 2006
- Q/ _7 ?) L* ^8 A- d, Q& T2 A7 B4 y! k" C5 I0 f$ L
    -------------------------------------------------------------------------6 h" X9 J/ v# D7 }% }$ I
                 Detached Bungalows                Standard Two Storey! r* @: {- |- z4 `9 g; P# u
    -------------------------------------------------------------------------& l3 f6 t- H& q
                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q3) ~. t! F! b+ i- W* i
    Market           Average     Average    % Change     Average     Average3 o* g2 Z6 A) _  h
    -------------------------------------------------------------------------0 p6 b1 v6 S& k# N& n
    Halifax          186,333     173,333        7.5%     198,667     199,000/ j+ u2 H" u$ x, a' |; h
    -------------------------------------------------------------------------
1 ~. Y& ~+ z9 E# k4 @3 E* Z% [8 Y! T    Charlottetown    145,000     141,000        2.8%     175,000     170,000
3 h1 c# f! W9 @8 v: D    -------------------------------------------------------------------------
, \% _3 i+ l- L! W+ G+ R! ~! I+ J    Moncton          135,000     127,000        6.3%     129,000     123,000) q5 t3 F: f- d+ j5 C2 a
    -------------------------------------------------------------------------4 |- q5 t6 a1 T" D
    Saint John       141,200     142,900       -1.2%           -           -* q8 \8 }3 a$ H( }; c
    -------------------------------------------------------------------------% O' P$ `$ {# e! F. I% U
    St. John's       143,667     142,667        0.7%     200,667     202,333
" m/ o% B7 X8 \9 ]  A% ~  a7 c7 R    -------------------------------------------------------------------------1 \/ w; F8 u0 f0 p; I% [- d
    Atlantic         150,240     145,380        3.3%     175,833     173,583$ K$ ]- U; U% ~% N, E
    -------------------------------------------------------------------------
0 N# Z  H% t. W" c; ?/ F    Montreal         213,691     203,500        5.0%     321,141     316,185
% m+ d' M4 [$ a7 E5 B3 Z, J/ g    -------------------------------------------------------------------------
( t2 _$ y3 |! L9 a) F7 x' x    Ottawa           290,083     278,417        4.2%     285,667     273,250
* W/ P7 V8 N- w" ]4 K    -------------------------------------------------------------------------
0 n2 u( ?9 w8 B: h    Toronto          373,368     355,882        4.9%     481,523     474,766/ ?2 e. f  |9 }4 D! t/ C  w
    -------------------------------------------------------------------------5 s" r7 ?) x8 S2 V
    Winnipeg         181,579     159,860       13.6%     202,337     180,7073 c! `. a& F3 H6 w8 _
    -------------------------------------------------------------------------
7 v/ U" n& O! P; |    Saskatchewan     170,667     156,083        9.3%     182,600     166,500
7 d% M: Y6 V3 W" o( K3 ]- P; z    -------------------------------------------------------------------------8 a# j+ X  V$ p5 l+ L/ Z. v9 D
    Calgary          395,067     252,411       56.5%     405,778     264,389
' d$ c( q/ _3 v# ]# n1 [    -------------------------------------------------------------------------- `9 f) p% k; G2 P. O" ]; H: }
    Edmonton         286,857     194,857       47.2%     316,429     206,714" X) B# g  @5 z1 l
    -------------------------------------------------------------------------$ S0 X7 `* {( a
    Vancouver        704,250     601,000       17.2%     794,000     697,500
' k) r) o( J2 Y    -------------------------------------------------------------------------* d$ T& l2 C! ]7 ~
    Victoria         375,000     348,000        7.8%     403,000     391,000
9 A1 x, ]6 ^3 X" v- o, O4 S9 Z    -------------------------------------------------------------------------8 r& g1 K6 {6 a2 x
    National         300,365     258,202       16.3%     365,380     322,860
! [7 u5 p" ?: {: t1 z    -------------------------------------------------------------------------
6 m7 r5 o+ B4 e! O& t! }# L
! m+ d& e: u( o( a    -------------------------------------------------------------* \, w6 K- f+ q  S) O* H0 r
                               Standard Condominium
* L7 Y9 w2 ~3 O" j    -------------------------------------------------------------2 r8 B$ Z4 [# Q6 O* R% ~! k& G
                    2-Storey     2006 Q3     2005 Q3       Condo# g2 `9 W! Z; _! Y' p1 O4 I
    Market          % Change     Average     Average    % Change: ~- u* |- J- A. s: D
    -------------------------------------------------------------
! M/ b( T* `( [    Halifax            -0.2%     142,000     103,000       37.9%9 M9 v8 e8 L# B5 l7 M0 p
    -------------------------------------------------------------1 x( G  C* E8 ^. l5 U* X2 d
    Charlottetown       2.9%      98,000      98,000        0.0%
* [# H0 c! Z- B/ _7 @9 Q    -------------------------------------------------------------
, ^# |- T  w+ d8 G' R    Moncton             4.9%           -           -         N/A
/ u4 q9 y$ Z2 j6 K( h# ^    -------------------------------------------------------------
5 d& ]$ i3 ^/ A! {    Saint John           N/A           -           -         N/A
$ N' a% z% M0 ?& H6 N' o  S: F+ A; G    -------------------------------------------------------------/ U5 x1 @2 N* }! ]1 G9 {
    St. John's         -0.8%     146,333     145,667        0.5%9 j% j" g3 M2 H: c/ l4 W
    -------------------------------------------------------------
6 B/ m, B" [% P! A# b    Atlantic            1.3%     128,778     115,556       11.4%& q& I4 w* }* m( K8 |
    -------------------------------------------------------------
. ?/ A! d6 j. N; Y3 a' ?2 F+ T4 B    Montreal            1.6%     193,190     188,016        2.8%/ G) p; g* A" a4 X2 m6 G
    -------------------------------------------------------------' O% d1 I8 n; ]/ R2 m
    Ottawa              4.5%     181,083     172,250        5.1%6 J9 D0 O8 n# G
    -------------------------------------------------------------
& ~. ~( o8 c% L3 ^8 l    Toronto             1.4%     252,088     242,918        3.8%
/ F; ~: C& j: u# E1 [' C    -------------------------------------------------------------& S1 h1 [; ]. x( [! V
    Winnipeg           12.0%     105,648      96,008       10.0%
6 |3 E4 I- ?. o! o- @: J! I    -------------------------------------------------------------" {; `! T) ~# a
    Saskatchewan        9.7%     106,250     101,000        5.2%
! [% p4 v& _! _! i- I# j6 e    -------------------------------------------------------------9 y- h. J5 V& g/ A
    Calgary            53.5%     245,844     153,867       59.8%5 B9 R3 }0 k! H+ E8 I: h
    -------------------------------------------------------------7 ~* X; s+ C' q4 q  |" m5 Q
    Edmonton           53.1%     200,433     131,500       52.4%! {& m  T* N6 w/ z
    -------------------------------------------------------------; \* k4 d4 C5 w  w# I5 `7 x
    Vancouver          13.8%     366,250     323,250       13.3%) o+ g! c6 G; |0 t
    -------------------------------------------------------------
4 h  g: x3 g. F  d+ w0 k    Victoria            3.1%     229,000     220,000        4.1%
. d: G" ~) j# c9 O0 P    -------------------------------------------------------------1 ?, D# F, s" j0 o1 y. x
    National           13.2%     211,562     185,296       14.2%3 B" z4 J' f0 M; i  U# p
    -------------------------------------------------------------) N/ J5 i$ J, F" S" f
    >>0 b0 }8 c' E& j

/ z/ ^7 r% ?: K: N' j0 ]! @( z" ~) x/ L    Average house prices are based on an average of all sub-markets examined
# U6 N& |% _2 r$ c1 S* uin the area, except for the smaller markets of Charlottetown, Moncton, Saint
9 ~& s4 X9 t: z- @John and Victoria.
  U; b5 M1 }2 ]- @) ?* x4 H- T) c! M: z5 M: ~# v0 `# `/ R5 s2 _
    The Royal LePage Survey of Canadian House Prices is the largest, most; n& y7 {7 J1 G4 i( _3 O2 P; @
comprehensive study of its kind in Canada, with information on seven types of$ i( [0 w& }3 p( V# i6 A# g& V
housing in over 250 neighbourhoods from coast to coast. This release0 P0 P: ~& T/ y6 W+ p
references an abbreviated version of the survey, which highlights house price
* U* o+ u  X" d: \* Gtrends for the three most common types of housing in Canada in 80 communities
& ^8 r% k( @( k4 Q4 S$ ]4 @across the country. A complete database of past and present surveys is7 T4 I; U6 @8 ^; c0 H1 S- Y
available on the Royal LePage Web site at www.royallepage.ca, and current
) o! L6 }  d' k. Qfigures will be updated following the end of the third quarter. A printable
. ~9 O& J1 @9 P( z+ }version of the third quarter 2006 survey will be available online on8 t; Z( `5 O5 V- e5 ?3 _/ R% K: S
November 15, 2006.
1 J: @. l) x& Q    Housing values in the Royal LePage Survey are Royal LePage opinions of
* C7 q% k+ X/ ^# ~8 ~' S/ Hfair market value in each location, based on local data and market knowledge) f- I; H+ j$ I& m9 e- [) m0 ]
provided by Royal LePage residential real estate experts. Historical data is
. u: [; A: g3 Navailable for some areas back to the early 1970s.
理袁律师事务所
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