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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 V1 ?! K4 y

6 u2 t4 z5 T' a9 p, ^% f- Country's market poised to show growth throughout 2006 -
5 s  A' ]$ N4 ^7 x2 L% ~' G5 W2 f" ~5 R
    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market) t$ ~) @7 h6 ?4 y% N; c0 \
exhibited moderate price increases and stable unit sales during the third( P# r6 i# f/ [
quarter. Wide regional variances continued to be the dominant characteristic# G! x! i$ ^, h) v, c/ e
in the market, exemplified by frenzied levels of activity and double digit, `8 n+ u' L& z- v. @' N
price gains observed in the energy and commodity rich Western provinces, and
5 L( P# x- x5 W1 L4 X- C$ ]more reasonable sales volumes and moderate price appreciation in Ontario,. J. P3 E; |1 o  l! f# _& D2 M7 k
Quebec and Atlantic Canada, according to a report released today by Royal
3 j" H; E) o7 _6 o& j4 S# `LePage Real Estate Services.
/ @1 P2 c% q: M' ~# D! E4 a4 s3 a! d! `6 G3 l0 T* j
    Nationally, market trends established through the first three quarters; ~5 A3 U  j0 r! Q! {6 z- k
are forecast to continue for the remainder of the year. Robust economic+ {( d1 [8 B% m. }2 X
conditions, low unemployment rates, modestly growing salaries and wages, and7 ~7 |" a8 |: L1 l4 h# ^8 Z
sound consumer confidence contributed to the overall strength of the
% |5 A* c5 r0 p* U6 a; ~& kresidential real estate sector.
* o# J* F. Z( N2 x8 f
5 u/ V$ l* Z9 P1 a) A    Of the housing types surveyed, the highest average price appreciation
+ ~1 V- A9 ]  m. {4 Uoccurred in detached bungalows, which rose to $300,365 (+16.3%)
- w! i7 _/ [7 Y7 s- G/ _year-over-year, followed by standard condominiums, which rose to $211,562
& R/ i5 e' Q  H- [# M; r, r1 i3 U(+14.2%), and standard two-storey properties, which increased to $365,3808 e5 r' Y/ p& a6 E2 j# ~4 o; g
(+13.2%).: R+ P& S, W4 l

! D5 @/ s4 u2 {6 q1 h, d/ @    "Canada's sturdy housing market continued to demonstrate steady growth( V+ O, u( H# k) ?7 M2 n( Z4 ~
during the third quarter. For all but the west, we have moved on from the
- }, c$ F+ b. ^, l+ j) Nfrenzied expansion that characterized the first half of this decade, and are
( }& G% g: b' f0 H2 jpoised to show continued growth at a more moderate pace," said Phil Soper,
- N3 h+ O2 Y+ g6 Hpresident and chief executive officer, Royal LePage Real Estate Services.7 `& \1 F! {7 o# e4 P! V) ^% Q/ [: b! M) M% I
"Gone is the sellers' market that we have lived with for some years. We6 c! v  w% {; _' q! Y" ?0 M1 f
welcome the more reliable conditions that are characteristic of a healthy
, z4 G1 P9 ]  E4 w% ]balanced market."1 M8 Y* Q, j; Q, v  u
3 i, T+ c( n4 [
    Despite the double-digit rise in average national house prices,
5 G- i5 e. V- l5 l' xconsiderable regional variances were exhibited again this quarter. The shift
6 r1 e) \, }9 j+ e0 H; wto balanced market conditions, which began in late 2005, has continued& C7 }0 p" z6 Q1 u* V, H$ A; f
throughout most of the Central and Eastern regions of the country. In the core# ~! w  F- m9 @# d% M$ f
energy producing western provinces, the combination of very high in-migration,* X$ r, C; G# u3 h8 b* ?- V
manageable affordability, and a shortage of inventory has driven record, `2 y8 b* f3 o3 m4 l/ R
breaking price appreciations.# t' v: k9 Y7 y: F" E* A  h
8 L6 S+ J+ u4 U4 D$ B
    Echoing the second quarter and supported by Alberta's rapidly expanding) V; q4 B, C* @
economy, Calgary and Edmonton led the charge of Canadian cities with the
; r, ~/ p8 t$ R& I1 h% l% g+ q9 R; M; vlargest house price appreciation in all housing types surveyed.  @9 j$ h! l* y! @7 C5 V/ N
9 S1 p" C8 A) r0 Y9 k' P
    In Ottawa and Toronto, growth remained steady, supported by solid/ _3 }, n) i8 I" {) t; [' R
economic fundamentals, an increase in available inventory and strong consumer7 G* I  v" f0 |+ C- C
confidence. While the pace of price appreciation in Ontario leveled off
1 x0 m; d/ s0 n: `# @& _slightly, the province's real estate market remains poised for modest growth.- V- U# Y% U, |( W  r  O; }& ~
In Atlantic Canada, new housing and condominium construction offered buyers: H4 u3 K& s8 m3 B- ?: q3 M
greater selection at more competitive prices, resulting in a slower rate of- @% H# V! H4 u% u* k/ f" |
price appreciation when compared with 2005.% w  b$ S9 x; H/ b2 A8 ^/ ]
6 l" C4 ^% q& Q6 S/ `* X
    While the pace of growth in Canada has slowed, the domestic housing  ]0 W  P1 w: i; C! i/ n1 D8 y
market is expected to outperform the American market. The economic and8 v1 `# N; V6 v. m" z* s
financial fundamentals driving the residential real estate sector in Canada9 q8 _" B+ D, a& S. C
are markedly different than those found in the United States.- x; w# g) o1 \( B" |

  E4 e4 t/ ~, j& E    Added Soper: "Canada's housing market is likely to outperform the
! p2 y) P/ q" y: I8 M9 QAmerican market through 2007. A number of factors are working in Canada's5 W6 n. L2 C# t( H
favour, including healthy personal and governmental debt levels, the
: y; n; o+ Y% m/ ?& ]relatively modest rise in interest rates in our country, and general
5 R5 I1 h! i! q- V* O% ]' x7 ]. h' Oaffordability in our major cities. In addition, Americans are now seeing the7 H( H$ A( Y, x+ O1 ?
downside of a tax system that encourages maximum homeowner leverage, and
0 e9 |( \: `; k, Y( @* Baggressive financial products such as zero- and negative-amortization2 G4 p: n. Y3 e2 _
mortgages that work only in a high price growth environment.": K' ?. x5 T7 F
: E0 K  j9 X: }8 M
    <<
* G* v  a" O9 _% t% o; k% `& a                             REGIONAL SUMMARIES
3 V6 R/ _9 T7 I2 ?) s. Z    >>
, L6 N* s6 I$ P$ {8 X, ~
+ z+ l( `' H+ F/ R, Q" i8 d    Balanced conditions continued to characterize the housing market in
1 W6 {- I% s& G$ e; ]* B) DHalifax, as significantly higher inventory levels helped to moderate the rate
# [- ~/ l! D* J+ @% ?0 Uof price appreciation. Buyers were increasingly choosy, taking more time& ]" d8 G! \- Z' \3 h7 Y
looking for newer, low-maintenance properties that were not in need of( {6 t; {: I# U, ~3 f
renovations.
% c; }$ C8 O) K. c
3 h% ?! M: K1 J    The housing market in Moncton remained healthy and strong as a slight% Q# y; t: r' b& K* \
increase in inventory helped to moderate the rate of price appreciation
2 t2 S- p. Z* T& g6 C+ ~; M" Kcompared to the same period in 2005. Activity was brisk throughout August and: M& b" w" T3 N. }% ~
September and is expected to remain this way through the fourth quarter.
8 X1 Z1 L2 R% N; j3 w
" Q( D: p5 D8 X4 D, _4 ?2 @# {    The housing market in Saint John underwent its traditional summer: y! ?) g" d* y. a6 Q
slowdown in the third quarter, with activity picking up towards the end of the& `1 c: K& r2 S# j1 w6 d4 _
quarter. The local economy continued to thrive, as construction on a new5 X) H' x% t2 a3 i) B( i8 k" Y: Z
600,000 square-foot shopping area has begun, bringing several new box stores) g5 \! j  T$ k! {! K+ C
to the area. Buyers have begun seeking less expensive fixtures for their homes1 y' B5 q  a- r, {( B/ ?5 H
and are instead opting for more affordable housing options.
" |6 O' V/ |) ^
; v& D" \2 i3 h' N    In Charlottetown, the housing market started to move towards balanced
! |8 y3 z+ G( P; A+ hconditions, as some sellers had to begin to lower the asking prices on their+ i# _; K& O  ?7 i* b* ]
homes to make them more competitive. Activity from out-of-town and US buyers5 n4 H- P5 e& K0 k' p; h! e4 |
was down slightly compared to 2005, likely attributable to the strong Canadian9 M% O. g- q1 T" l7 r
dollar. Inventory levels began to creep up in the third quarter, providing# }/ V& i- Z2 P  U
buyers with more options when looking for a home.1 D0 Z# ~4 V' z) y! ~' h' V2 G

% ]+ {5 T5 C, O    Activity in St. John's slowed slightly in the third quarter, particularly
# l8 r% j9 c0 ^# Eamong higher-priced properties, where there was a slight over-supply of homes0 b0 A/ V! e: P* Z' e
priced over $200,000. Listing periods have increased when compared with 2005,
" s3 \, Z0 r- z/ a' B9 Das some of the pent-up demand that had characterized the market over the last
/ p  `; C, J1 X- h- Pfew years has been satisfied, resulting in more normal, balanced conditions.' l7 P8 P. e1 c7 t, L2 T  e, E& C

9 T# ~/ Q" e; A; F( q; U3 p    Montreal's housing market recorded modest increases in average house
" \3 {" @: v* R$ cprices, due to a slight seasonal slowdown in the third quarter as inventory- n2 B( _6 K" X' a, I8 b. f
levels rose. Part of this can be attributed to the fact that many renting
& j7 o1 u, o1 ^% Pfirst-time buyers were motivated to close on the purchase of a home by July 1,$ v4 V( o, q1 X2 }: T
when rental leases expire in Quebec. Once this date has passed some of the+ x5 l, U' W  f; `6 A; `# r
pressure is taken off the market, allowing buyers to visit more homes before5 _/ `) e$ g9 D$ {
making a purchase.
5 h7 Q6 x. Z5 z% w* x, q
7 N7 A5 H% T# P    Ottawa held its position as one of the country's most stable housing" H' n* B/ |1 G( P% ]3 ~
markets in the third quarter, reinforced by a vibrant local economy and strong! b: A" O2 b0 l
confidence, resulting in modest increases in average house prices. The city
0 H& x9 p: Q9 m5 K  a/ m! S/ Tcentre remained a bright spot in Ottawa, with homes in this area attracting+ t, H5 h# [# ~
attention due to their convenient location and proximity to downtown
1 p7 b, r! ^+ @amenities.3 X% W4 R5 q: ^1 W: ?! K. L' ~% c

+ E# b. J0 W* d9 i/ D1 U; Q    The housing market in Toronto sustained healthy activity levels$ y, ?- c% R: f- B; v, j
throughout the third quarter, as a strong economy helped to maintain demand3 l$ {" b% q4 v* r/ \
across the city, causing average house prices to rise moderately. Toronto has: x" X- u7 O( q+ t. }' D1 t% J
continued to experience modest growth in average house prices, and has been) t1 o6 c! R, B7 W  }
driven primarily by purchasers who are buying homes as their principle" f& Z  y  s  h6 U' w7 M5 n- b( P
residence, rather than for investment.& H' F) b/ q2 h1 z* B& a" Q! T

; S/ L7 I2 ~5 q" _    The vibrant Winnipeg housing market continued to show its strength as
' g# |  }; ^3 O8 y! H9 E5 ?( mhouse prices rose during the third quarter. The booming local economy resulted
- I- c6 \# ?$ k, O" J5 Pin a historically low unemployment rate, helping to bolster consumer4 o3 I" D1 C& C, }* p8 C: t5 L
confidence and Winnipeg's ranking as the city with the lowest capitalization  P  C& h4 Y# b, A. U( Z. ], l, J6 f
rate among the country's larger cities - helped to encourage buyers to enter5 @0 v( q( `2 v- i9 v  G3 J' B
the market.4 I" s/ q) h4 x- P7 `2 p
8 I# q% b! g6 h4 t4 ^% x0 m
    In Regina, the market experienced a slight seasonal slowdown through5 X- I7 p- ~+ ?! {) |3 F8 L  b. x
July, as there were fewer purchasers in the market due to summer vacations. In* c* Y4 ^$ L' k: R
August, activity resumed to the busy pace previously seen in the spring# a- Q# n5 ~0 v+ R, k
months, as the influx of purchasers made it more difficult to find a home due- q4 Y1 T' ^4 c5 G
to the shortage of available inventory.. h/ o2 N( l7 f! i

) E" P/ s3 J2 R* H    Activity in Saskatoon remained brisk as the market maintained its
! z* c, h) m! @+ |7 imomentum from the busy spring sales period. The economy in Saskatoon remains: A; o0 h( q9 `
vibrant, as employment opportunities are abundant with many businesses) S0 m  c. {: l
struggling to make hires and having to recruit outside the province.
1 y: I+ h& G. O% k# [# k; k9 q
9 C; o* J5 t4 x8 g/ @( B7 y$ h: w    Calgary's housing market recorded blazing average house price increases2 X* J' _  x2 O1 g7 B
in the third quarter, in all surveyed categories. The burgeoning economy, low
! T, q- a4 g! \) m" ]6 Q# uunemployment rates and low inventory levels remained the leading factors that5 D5 b# |% w+ F
pressured Calgary's house prices upwards. However, regardless of the soaring$ K$ y  i, z$ g# x6 |5 ^
prices that characterized the market - even during the typically slower summer, w3 X& o. @% Q
season - it is expected that activity will become slightly more balanced, as7 K2 O- m! [& ]' T
buyers are becoming more reluctant to participate in the frenetic activity.

0 x  G3 M) m/ A. Q# `5 F' F; F4 g7 s  ^2 m  s
    Edmonton's booming local economy continued to thrive in the third quarter
. W3 K% z0 U2 n6 W; Gas activity in the oil sands north of the city continued to flourish. Edmonton
  T) L9 \3 E7 g; f, aremained the hub of activity for those coming to work in the oil industry,
  g, n6 U# f" ~maintaining tight inventory levels across the city, resulting in prices. z* n1 U2 q* K2 W; f& M
increasing at record levels. However, as inventory levels continued to improve' _/ I6 i2 b3 e/ z9 s' z1 K7 K
in the third quarter the rate of price appreciation should moderate slightly
1 M6 [- D( C/ j6 r7 S- o) }towards the end of 2006.
   
. z3 u9 R* V! m7 A9 U* `! m
" t7 k7 [  B+ r- vWhile Vancouver has seen a slight reprieve from the severe shortage of* n3 u0 C2 v2 V8 R
inventory that had previously characterized the market, supply is still unable
. |$ D/ T% R2 z; sto meet demand, driving house prices upwards. Vancouver has a very diverse# M- i; q* {0 D) _8 E
group of active buyers - from first-time home buyers to baby-boomers to( K# h; P' n- _0 w! `
foreign investors - all of whom fuel the demand for houses, placing added
  l% Z7 c3 w( l6 ?1 t7 t# `$ \6 `pressure on tight inventory levels.5 q# L; I, v; V& W, O
* M- `$ W! A* P+ W" ~* q. ]
    Victoria's market is vibrant and supported by strong economic5 L9 i* C/ G) v6 o% Y7 q
fundamentals, fuelled by a booming tech sector and a migration of young people/ N1 c" L8 W& D$ G# A
into the city that has continued to support the area's house price increases;) S1 |) H% F* `* @
while increased inventory levels have afforded buyers more time when searching
3 o" {2 b' l1 Z7 Zfor a home, helping to normalize the market's pace.+ [( z+ m2 `+ a4 ?; x) w) S$ f  V
. f# ^4 X$ Z, D- A7 w8 k* x' X
    <<
  U, `1 s$ z: A: r0 c      Survey of Canadian Average House Prices in the Third Quarter 2006
1 l. \# ]- |; v  b6 K' `6 V. x& s  W4 c- [9 H3 ^; g+ R% W5 V; T
    -------------------------------------------------------------------------
4 y" h$ H: \2 k; Q( V) a2 i                 Detached Bungalows                Standard Two Storey
* p; A. s! U, e    -------------------------------------------------------------------------
! I: B/ m8 z# v5 v" S; V1 l                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q37 u" M# E7 [1 e
    Market           Average     Average    % Change     Average     Average; k' ^2 q/ c( c
    -------------------------------------------------------------------------
- @$ j. n, o' R4 f' @, t    Halifax          186,333     173,333        7.5%     198,667     199,000& \- g& f6 g! @/ _+ f/ m" ?6 p
    -------------------------------------------------------------------------
/ j/ g. y% K8 D  X6 Q8 s    Charlottetown    145,000     141,000        2.8%     175,000     170,000
5 p1 Q  r# ^6 |4 D1 O    -------------------------------------------------------------------------( P- s5 a6 ~/ P/ ~
    Moncton          135,000     127,000        6.3%     129,000     123,0002 e( X/ ^. q  ^& E
    -------------------------------------------------------------------------
3 h; D- t# q! d9 ~    Saint John       141,200     142,900       -1.2%           -           -
- s, U1 @9 q6 a# S7 K    -------------------------------------------------------------------------
: W& G' D2 S! W& J) O! }    St. John's       143,667     142,667        0.7%     200,667     202,3336 `. X# {! ~5 ?- S* A/ \( {
    -------------------------------------------------------------------------! Z5 L3 M# A3 {
    Atlantic         150,240     145,380        3.3%     175,833     173,583
. G% H0 e. u& {/ L    -------------------------------------------------------------------------* g8 o" z% j. \3 o
    Montreal         213,691     203,500        5.0%     321,141     316,185
" w* ]$ ?( a% ^2 w8 H1 P    -------------------------------------------------------------------------- _3 i5 B$ R# X
    Ottawa           290,083     278,417        4.2%     285,667     273,2502 E# Q+ R4 b8 r8 T; @( d
    -------------------------------------------------------------------------
# d+ Y, S5 Y6 X" y8 e    Toronto          373,368     355,882        4.9%     481,523     474,766+ y; u$ f) V8 r3 P* n
    -------------------------------------------------------------------------: q: D; Z) w, z4 a: j. V% u
    Winnipeg         181,579     159,860       13.6%     202,337     180,707
0 `8 i- a) R- I6 p! B3 ^    -------------------------------------------------------------------------
1 i8 i' ^' p8 I' t    Saskatchewan     170,667     156,083        9.3%     182,600     166,500
! P/ c# ~6 T8 Y! p+ N, n    -------------------------------------------------------------------------
7 B" ~" o! u3 E+ f7 y    Calgary          395,067     252,411       56.5%     405,778     264,389/ I# V/ {4 m/ n; N9 Q# ^
    -------------------------------------------------------------------------8 n# ~" E5 G( h# C4 F# z# p
    Edmonton         286,857     194,857       47.2%     316,429     206,714' @( |( d. f2 \. A, L! {7 w
    -------------------------------------------------------------------------
% T  |, h8 q' G    Vancouver        704,250     601,000       17.2%     794,000     697,500
4 {, C9 y5 a9 N5 {3 O6 q* \    -------------------------------------------------------------------------* |3 a, a0 D0 Y
    Victoria         375,000     348,000        7.8%     403,000     391,000
" {9 e2 }+ J* ~1 z    -------------------------------------------------------------------------- p- K5 @4 f: Z6 d2 k/ z5 ]9 B
    National         300,365     258,202       16.3%     365,380     322,860# y& r* z" e$ u
    -------------------------------------------------------------------------* E9 V' [5 v9 a9 P0 k

' _  A$ r% {' z" j5 h9 C* W    -------------------------------------------------------------
! A4 Q/ `9 J7 z& n3 ]" p5 x                               Standard Condominium# @7 X) [; K1 }" A
    -------------------------------------------------------------6 @7 P8 _3 c2 E& v) v
                    2-Storey     2006 Q3     2005 Q3       Condo
9 V% p' _( o/ J3 O% z1 Q5 J    Market          % Change     Average     Average    % Change
5 v7 |% N. Y/ P; s    -------------------------------------------------------------2 I" t& _0 w$ `) |( N
    Halifax            -0.2%     142,000     103,000       37.9%+ p- Z6 J+ i; j) f9 v$ ?7 F3 s- h( e; y
    -------------------------------------------------------------
$ V2 |1 _; w' c5 `' m& ]    Charlottetown       2.9%      98,000      98,000        0.0%
2 ]* n2 B7 }$ }* E; x7 W7 U9 e    -------------------------------------------------------------- y" s- p" K, f5 c7 r+ F1 }
    Moncton             4.9%           -           -         N/A$ \, V; p7 B6 ?3 k
    -------------------------------------------------------------
8 F3 K/ u2 M7 j, E3 o0 ?    Saint John           N/A           -           -         N/A3 @5 O- Y  Z; m9 o4 X! n/ ]1 `
    -------------------------------------------------------------* R& B5 G3 w& m& K( S* z
    St. John's         -0.8%     146,333     145,667        0.5%. V' l8 G6 t+ y9 r
    -------------------------------------------------------------4 f4 I# C/ }* a4 B$ m% d" x+ r
    Atlantic            1.3%     128,778     115,556       11.4%
' @0 V4 x/ ?" Q1 R8 h. b    -------------------------------------------------------------
. k$ t/ o$ q/ f2 h$ ^    Montreal            1.6%     193,190     188,016        2.8%# ?- m! M2 p! q( F
    -------------------------------------------------------------$ U0 ]' b- S* ~6 ?7 n
    Ottawa              4.5%     181,083     172,250        5.1%  y9 N: w+ G# s+ J
    -------------------------------------------------------------9 i+ B, a& e- K7 y7 L7 _) G& Z. Z
    Toronto             1.4%     252,088     242,918        3.8%5 c! \% Y+ N! D; ?
    -------------------------------------------------------------
% x% ^, a. w1 j    Winnipeg           12.0%     105,648      96,008       10.0%; R3 y/ y9 J2 P" J0 \; Q9 |
    -------------------------------------------------------------
; O( F3 P9 T3 \0 r* I    Saskatchewan        9.7%     106,250     101,000        5.2%
+ V$ h" D" k) F    -------------------------------------------------------------# @' ?" m! C4 `' e. R: U
    Calgary            53.5%     245,844     153,867       59.8%( `0 b' `! O( h2 `& m
    -------------------------------------------------------------' x. s5 {" X, {' U
    Edmonton           53.1%     200,433     131,500       52.4%
1 ?# \7 E- P+ q+ R( E% b- x    -------------------------------------------------------------: B5 Z  q% M4 u& C. h4 w
    Vancouver          13.8%     366,250     323,250       13.3%5 [# }# k( G* t) z6 o
    -------------------------------------------------------------
- C, N" v4 U: A7 j3 g  o, C4 J% I5 d5 v    Victoria            3.1%     229,000     220,000        4.1%
& r( ^$ G6 f; U* _1 v5 }0 M    -------------------------------------------------------------7 }% b0 \( h$ F: E" _7 {2 g
    National           13.2%     211,562     185,296       14.2%0 e0 e4 q5 G/ _/ \7 _
    -------------------------------------------------------------
/ y% g% ~; K& l, D4 C' {; k    >>0 Q  p& n. y) z8 P

( \1 _6 v3 \, {    Average house prices are based on an average of all sub-markets examined
- g$ `( T/ x% Y! \9 Rin the area, except for the smaller markets of Charlottetown, Moncton, Saint
$ Y$ k& ^" V5 \* l5 D+ X4 F7 n: KJohn and Victoria.
2 u4 |) x, ~/ S& L2 m, Q; e! M4 Y
    The Royal LePage Survey of Canadian House Prices is the largest, most
; B+ m% l/ G6 S; Jcomprehensive study of its kind in Canada, with information on seven types of* x! O6 J- x; N% \$ d
housing in over 250 neighbourhoods from coast to coast. This release
$ m: [1 l& j3 ?2 Preferences an abbreviated version of the survey, which highlights house price
$ s2 ^2 ~  Z% n, N1 j3 B7 \trends for the three most common types of housing in Canada in 80 communities
5 s( ?! B: P1 Yacross the country. A complete database of past and present surveys is
$ |" p, ]" X) M4 l4 l5 lavailable on the Royal LePage Web site at www.royallepage.ca, and current
1 L( Q; y2 {. E+ t0 [0 ^" G; ffigures will be updated following the end of the third quarter. A printable/ I4 i( z# m3 I0 l& C, N* w1 H, u% t' i
version of the third quarter 2006 survey will be available online on  E4 m+ F: @$ W" |7 e5 v
November 15, 2006.
0 x) U5 m- L  L& {0 L    Housing values in the Royal LePage Survey are Royal LePage opinions of3 D, d4 D3 M+ J4 L! w+ R( x
fair market value in each location, based on local data and market knowledge
8 Y4 p- C/ Q; |provided by Royal LePage residential real estate experts. Historical data is9 ^/ q/ O/ R" C, n7 {2 f. J
available for some areas back to the early 1970s.
理袁律师事务所
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