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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
. C8 M' ]) n0 A  W: Y9 p( H- x. K: c- |3 G' K& W0 ~, q+ b
- Country's market poised to show growth throughout 2006 -0 ?3 x  C) X- W1 E& _

% M" A: R- c4 X- x) ?2 X    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market
5 q( a2 g  p# N- iexhibited moderate price increases and stable unit sales during the third0 \/ s3 Y3 L: Z' t+ P8 x
quarter. Wide regional variances continued to be the dominant characteristic2 C" @7 a, f8 |( ?! D, E& Q1 H/ D
in the market, exemplified by frenzied levels of activity and double digit
! b% m' W/ ]2 G; v0 p# A& B7 iprice gains observed in the energy and commodity rich Western provinces, and
  Q, r3 t) w+ O) i# D: tmore reasonable sales volumes and moderate price appreciation in Ontario,
$ u3 S0 ^  `5 u9 L+ D- a1 `2 g9 ]Quebec and Atlantic Canada, according to a report released today by Royal( R7 ^- F) I! {2 D4 Z
LePage Real Estate Services.3 r7 [- m7 M9 l3 n/ T8 ?

+ G" z5 Y, Z  A! A* H    Nationally, market trends established through the first three quarters+ |! u, c, r8 t9 F* Q4 v9 k
are forecast to continue for the remainder of the year. Robust economic
0 k  F. }+ b8 i- T& u7 fconditions, low unemployment rates, modestly growing salaries and wages, and) d. C+ o2 P0 o1 {- q
sound consumer confidence contributed to the overall strength of the
) A2 M) o0 N  s& |1 Vresidential real estate sector.
" q" b( a# o9 ^- w. e
. \7 y2 \0 z2 K3 a3 u  E    Of the housing types surveyed, the highest average price appreciation$ y+ Y% i2 c) ]/ Z& d- u
occurred in detached bungalows, which rose to $300,365 (+16.3%)1 l$ b: R  ]1 M% r; L, D. g* m
year-over-year, followed by standard condominiums, which rose to $211,562
) X; W. S* z: d(+14.2%), and standard two-storey properties, which increased to $365,380
9 `' o7 Z' P$ V& A(+13.2%)." B! D" f/ Y) j! k/ w
& f6 |& \8 e1 ?3 y5 O" U9 z1 g
    "Canada's sturdy housing market continued to demonstrate steady growth
' P- D6 Q* E( J& I& w  Mduring the third quarter. For all but the west, we have moved on from the! A6 k9 W! I! i9 b* q1 {
frenzied expansion that characterized the first half of this decade, and are* t- o2 Q$ `% W( Y
poised to show continued growth at a more moderate pace," said Phil Soper,
4 f7 {4 p  O; l# _  Wpresident and chief executive officer, Royal LePage Real Estate Services.; h1 r  m9 e% b. _2 N" B' X4 c$ B
"Gone is the sellers' market that we have lived with for some years. We  G- u$ r: @" @3 M
welcome the more reliable conditions that are characteristic of a healthy
6 _! q/ Q2 L/ G, S/ |balanced market."# O6 h; `7 l2 b2 W0 o0 x
$ N1 z  |6 {' L! A
    Despite the double-digit rise in average national house prices,
1 Y+ A  ^/ T. A  H2 x2 F  Pconsiderable regional variances were exhibited again this quarter. The shift
7 ~7 X) K7 p4 u3 e% bto balanced market conditions, which began in late 2005, has continued' ~: ~* A5 z& ]' W8 W
throughout most of the Central and Eastern regions of the country. In the core
! m9 k+ c( p% D; z1 L' \$ qenergy producing western provinces, the combination of very high in-migration,
5 o! B1 k4 _0 b& G$ imanageable affordability, and a shortage of inventory has driven record5 D( l* x% f6 T& q  X4 Z
breaking price appreciations.0 Y% H5 z/ Q8 {% j
; d  D% G4 E1 I
    Echoing the second quarter and supported by Alberta's rapidly expanding" m6 x- F' Y: h; Z
economy, Calgary and Edmonton led the charge of Canadian cities with the
  _) ~5 s6 M9 ]6 \) |; W) tlargest house price appreciation in all housing types surveyed.
6 ]" O' s; N/ a+ y5 q0 {5 f. `; e- A8 t# e5 v4 B- `. R2 p
    In Ottawa and Toronto, growth remained steady, supported by solid
& R# e7 c1 |4 E5 u$ p8 xeconomic fundamentals, an increase in available inventory and strong consumer
7 @5 {' r8 _! Iconfidence. While the pace of price appreciation in Ontario leveled off. @! F4 Q5 q; W+ c
slightly, the province's real estate market remains poised for modest growth.
( Z+ s, M, N3 F$ @& W4 CIn Atlantic Canada, new housing and condominium construction offered buyers
4 j! B  M! t2 r: I/ W7 Mgreater selection at more competitive prices, resulting in a slower rate of/ W, o+ q$ `1 y7 Q: ]0 S: v2 Q" x
price appreciation when compared with 2005.
0 W0 w# |! t: u& Z. B: ?) H
, x6 S2 U4 g' Y* B) f    While the pace of growth in Canada has slowed, the domestic housing. K- C, X" A; ^" O% x' q4 s
market is expected to outperform the American market. The economic and
, x6 c2 Z7 w  M! Jfinancial fundamentals driving the residential real estate sector in Canada
; `9 @% j: I1 Xare markedly different than those found in the United States.9 P* i; T* E* S8 f  n9 W
# a# o0 z4 x3 i9 c. \% Z5 T
    Added Soper: "Canada's housing market is likely to outperform the& `* v6 n! g. z, c
American market through 2007. A number of factors are working in Canada's0 ?" A# R0 [) ?4 z0 O
favour, including healthy personal and governmental debt levels, the* `3 `5 B7 C( k1 [
relatively modest rise in interest rates in our country, and general1 C2 N- N/ L0 p
affordability in our major cities. In addition, Americans are now seeing the, F# A: F. o3 y! M2 W
downside of a tax system that encourages maximum homeowner leverage, and
8 O6 L$ x& c( t( uaggressive financial products such as zero- and negative-amortization: Y1 j5 f+ i$ _& o- {
mortgages that work only in a high price growth environment."! x# k! @  U: e

: T2 A3 O2 m: p" h/ z- u    <<
; o9 u6 k3 P1 A8 T/ e  u                             REGIONAL SUMMARIES# v7 @5 K$ r: D. L! u
    >>0 E2 y1 P9 k  h# A6 U( m
( a+ x4 }) W7 g, ?) }8 R+ B7 \
    Balanced conditions continued to characterize the housing market in9 a. c; p  V. z0 y
Halifax, as significantly higher inventory levels helped to moderate the rate( p) \& v$ |2 }% Y8 A
of price appreciation. Buyers were increasingly choosy, taking more time. v4 C' [6 o# u1 x# L' q
looking for newer, low-maintenance properties that were not in need of
# g7 T0 ?& v! b" J: {renovations.
% k3 q* z3 Q& U7 I3 `* E
4 u  e5 \8 |, O+ F8 y    The housing market in Moncton remained healthy and strong as a slight
& h; M5 d; B0 _; s* O, f+ ]0 yincrease in inventory helped to moderate the rate of price appreciation' C4 d! S1 Q- L7 `6 R, {
compared to the same period in 2005. Activity was brisk throughout August and
8 P( S0 Q9 S( M' ~$ VSeptember and is expected to remain this way through the fourth quarter.
. u  n# e3 w" H" t# O4 U& M5 x; y2 ^
    The housing market in Saint John underwent its traditional summer
/ q( \6 q5 M* c. d: i$ h+ g% [, Uslowdown in the third quarter, with activity picking up towards the end of the
9 S# x8 G+ i! J% K! l- A: xquarter. The local economy continued to thrive, as construction on a new
, C( Q* W6 q) }7 P600,000 square-foot shopping area has begun, bringing several new box stores) ?0 E) N4 f. s* w
to the area. Buyers have begun seeking less expensive fixtures for their homes
6 d  s* \9 o1 C: Kand are instead opting for more affordable housing options.
) k8 I" _  D0 o; w  v: A' N6 `$ d* V  q* ^) p! D4 J8 y
    In Charlottetown, the housing market started to move towards balanced
: G7 l9 b+ p+ j: l9 jconditions, as some sellers had to begin to lower the asking prices on their$ A  q/ M1 ]" b$ _6 e5 @# O( `+ E6 w
homes to make them more competitive. Activity from out-of-town and US buyers
  j1 w- C5 w% I9 J1 x7 h9 qwas down slightly compared to 2005, likely attributable to the strong Canadian
8 y. X; ^1 f  L2 \7 x5 Gdollar. Inventory levels began to creep up in the third quarter, providing; a' U2 f; ]! C$ V+ X8 T0 x. f
buyers with more options when looking for a home.1 _/ e0 l* `% N2 i

( L$ G: D% u5 E0 J- z! M' t    Activity in St. John's slowed slightly in the third quarter, particularly
2 Z. s. r- O+ J& q# D# uamong higher-priced properties, where there was a slight over-supply of homes: P& F7 O% E. {0 |
priced over $200,000. Listing periods have increased when compared with 2005,3 z/ O  k9 c" m6 r" ~7 H3 @9 }
as some of the pent-up demand that had characterized the market over the last
6 \' n( |" `: d) D4 Afew years has been satisfied, resulting in more normal, balanced conditions.( g+ A( C- G7 j8 c' f

% [9 g, s, Q  U! [" i/ P    Montreal's housing market recorded modest increases in average house9 H: X3 N& U4 u; J
prices, due to a slight seasonal slowdown in the third quarter as inventory
7 r3 I, M( Q9 N# U  Blevels rose. Part of this can be attributed to the fact that many renting
1 Q" p/ P/ w( Wfirst-time buyers were motivated to close on the purchase of a home by July 1,
4 I) q2 M* ^$ Kwhen rental leases expire in Quebec. Once this date has passed some of the
/ |0 J% s+ ]% ]' D7 E9 apressure is taken off the market, allowing buyers to visit more homes before' g4 O: A3 s, |7 `
making a purchase.: {7 b0 v( H% g2 T$ i4 X  Q% N1 y

, s1 B) C# n# ^4 X0 b7 C. h    Ottawa held its position as one of the country's most stable housing
& K* G4 F2 `9 f& `1 p0 C) |markets in the third quarter, reinforced by a vibrant local economy and strong
& Z0 v0 t+ J. n5 Sconfidence, resulting in modest increases in average house prices. The city0 z; ~! ~- v# W; u
centre remained a bright spot in Ottawa, with homes in this area attracting
/ u% B5 J5 l; A1 V6 d+ a* tattention due to their convenient location and proximity to downtown- h" p/ M4 R* W9 ^. w3 N: a. ~2 I& V
amenities.
( `% p# T& V/ @$ r+ }
0 O( v8 k; C. X! x    The housing market in Toronto sustained healthy activity levels
; g  }( l6 U) d1 y( S* Dthroughout the third quarter, as a strong economy helped to maintain demand
" P9 @; _+ A$ r5 pacross the city, causing average house prices to rise moderately. Toronto has
3 p6 S( z- {$ vcontinued to experience modest growth in average house prices, and has been7 ~% g- p' H! R4 N7 h
driven primarily by purchasers who are buying homes as their principle- A, O. b- l# d! ?, D+ [8 l' w
residence, rather than for investment.
# f. b2 F4 M- O9 d) O' }
  ~2 Z. G9 _* O; B- m    The vibrant Winnipeg housing market continued to show its strength as6 }9 E' D1 m& Y- m$ N8 B2 q. ~
house prices rose during the third quarter. The booming local economy resulted
+ G* L" x1 w( a) p5 ^in a historically low unemployment rate, helping to bolster consumer
: m1 L- K$ V/ _5 A" H# kconfidence and Winnipeg's ranking as the city with the lowest capitalization1 q6 \; g3 C6 _) u. r
rate among the country's larger cities - helped to encourage buyers to enter6 O4 `4 S% X( R
the market.
5 u" n# E3 f4 o. s$ M; G1 ^- \* v4 B+ R  {) T0 ^. ^
    In Regina, the market experienced a slight seasonal slowdown through. V5 \/ f) ]3 p
July, as there were fewer purchasers in the market due to summer vacations. In) c0 N5 b5 N7 e: h. N# p4 H
August, activity resumed to the busy pace previously seen in the spring
6 j9 @% o, Q9 j" S0 o' X& _+ smonths, as the influx of purchasers made it more difficult to find a home due1 m; Z. r# y+ ~' O. J
to the shortage of available inventory.  C" H9 Z4 j" p( f+ N$ s# Y
+ m* |8 s, d: U  S- {9 ~
    Activity in Saskatoon remained brisk as the market maintained its
! @, Z( Q* n$ r' P% h! Bmomentum from the busy spring sales period. The economy in Saskatoon remains- A3 z7 Q3 p) [2 [+ e5 I+ ?
vibrant, as employment opportunities are abundant with many businesses
2 O! U6 P5 g1 F1 t1 x9 Rstruggling to make hires and having to recruit outside the province.1 J0 i% w) p# A& x6 h

. b6 |2 q2 H5 l0 a' D5 V/ G    Calgary's housing market recorded blazing average house price increases# Y# \) e3 t& q3 p  r! O1 f
in the third quarter, in all surveyed categories. The burgeoning economy, low$ s, t# q1 V4 ~- @& x/ r9 l  ^
unemployment rates and low inventory levels remained the leading factors that& H2 R7 ?% S, a( y4 T8 @
pressured Calgary's house prices upwards. However, regardless of the soaring
$ ^+ b0 Z5 l. S& q2 h; L+ Wprices that characterized the market - even during the typically slower summer
0 ~" A, T( b' X  Bseason - it is expected that activity will become slightly more balanced, as
1 z! U& m% S, [7 }9 j1 Pbuyers are becoming more reluctant to participate in the frenetic activity.
" t. k; {: r' V3 n( o8 G6 g
, Q0 y' o6 W8 t& q% S, b% y2 B
    Edmonton's booming local economy continued to thrive in the third quarter- ]1 [8 M& U6 z6 S2 J
as activity in the oil sands north of the city continued to flourish. Edmonton/ n' S$ H# y: Z* u5 A( _
remained the hub of activity for those coming to work in the oil industry,
8 y, X0 t1 v+ R0 H$ S6 Wmaintaining tight inventory levels across the city, resulting in prices
% Y  E- E1 l' `increasing at record levels. However, as inventory levels continued to improve
$ K- p7 f1 }+ t7 y7 Uin the third quarter the rate of price appreciation should moderate slightly
7 g5 Q% t2 D! Q0 q& U6 i; Q, }towards the end of 2006.
    / Z: I3 w& o/ ~1 s% M

  H6 n( Z( W' J! y2 }3 NWhile Vancouver has seen a slight reprieve from the severe shortage of5 v: R! Y+ x0 q; {& V0 k  v
inventory that had previously characterized the market, supply is still unable
0 C# f0 V) ~$ e) B3 l- B$ t( _9 Dto meet demand, driving house prices upwards. Vancouver has a very diverse( r! x2 G. @, M( L0 u/ D
group of active buyers - from first-time home buyers to baby-boomers to
  x$ R  ^. Y0 ~: w9 Gforeign investors - all of whom fuel the demand for houses, placing added
0 N9 f9 l  p: X0 o; n7 i- K6 E/ E5 Hpressure on tight inventory levels.
0 J' {1 g3 H) S
- ?/ g, V' C" S    Victoria's market is vibrant and supported by strong economic
1 H; o6 \' n1 g) Qfundamentals, fuelled by a booming tech sector and a migration of young people
, K! y  ^7 e7 q8 Sinto the city that has continued to support the area's house price increases;) V! t9 ^. P: b
while increased inventory levels have afforded buyers more time when searching: d6 {0 M7 N0 d, I
for a home, helping to normalize the market's pace.
7 E2 m( R6 K7 Y  J& I, D3 r
0 ~  |6 \6 q) k    <<
  ~5 M5 K/ P3 k# [9 Z0 I      Survey of Canadian Average House Prices in the Third Quarter 2006
5 c3 N# u; u8 R, e- I" k4 ^" g" @! U# J3 E. h4 ~4 V
    -------------------------------------------------------------------------. [0 y3 d- y5 V: k5 \5 U
                 Detached Bungalows                Standard Two Storey
6 p: `$ v/ T/ f! }# V    -------------------------------------------------------------------------$ x. e9 u2 w8 z
                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q3
6 P6 W8 O# V- A( T    Market           Average     Average    % Change     Average     Average
- g4 A. C' c* r6 v% `    -------------------------------------------------------------------------
7 Q1 I4 R5 A, m7 K' w    Halifax          186,333     173,333        7.5%     198,667     199,000  B. }! [0 D0 @! B! g( V
    -------------------------------------------------------------------------
4 f3 ^: j7 Y% L7 x3 s    Charlottetown    145,000     141,000        2.8%     175,000     170,000+ J( ^5 g% o! n% V; l
    -------------------------------------------------------------------------0 O1 F+ o* A- h" s6 M$ w9 V
    Moncton          135,000     127,000        6.3%     129,000     123,000( U4 M" \, k, j2 O' }: a
    -------------------------------------------------------------------------
0 e/ g+ `! n& x! U7 A    Saint John       141,200     142,900       -1.2%           -           -
5 b' K6 J. t( k" H6 s% ]  O3 G    -------------------------------------------------------------------------) e6 R2 }7 w1 E8 \" I( T3 {3 Y
    St. John's       143,667     142,667        0.7%     200,667     202,333. O- T- H' S* ~9 t! r, p& u8 T
    -------------------------------------------------------------------------
9 N& j) K; \* F    Atlantic         150,240     145,380        3.3%     175,833     173,5837 H1 {) s2 [7 I0 x% M! g
    -------------------------------------------------------------------------) H$ K$ V# V& _1 K
    Montreal         213,691     203,500        5.0%     321,141     316,185  Q" a7 U% D2 R6 W3 _
    -------------------------------------------------------------------------8 [6 N& N5 f' w1 N# {# j
    Ottawa           290,083     278,417        4.2%     285,667     273,250
$ E3 l6 Z' w! Q7 \! e- V2 ]2 j    -------------------------------------------------------------------------
. m9 V+ S# p) K$ f( Q1 e/ F( b! s    Toronto          373,368     355,882        4.9%     481,523     474,766
0 ?# s& j5 S/ E* a9 ~    -------------------------------------------------------------------------
+ J/ y" X2 W) ]) E5 a, q) N' k    Winnipeg         181,579     159,860       13.6%     202,337     180,707$ T9 d9 t6 V4 f; R8 O% e
    -------------------------------------------------------------------------( g; \$ _, t2 J5 S# E+ F9 h
    Saskatchewan     170,667     156,083        9.3%     182,600     166,500
* ~/ U7 p# t8 B6 R    -------------------------------------------------------------------------6 p) m/ q+ W' r8 z5 j
    Calgary          395,067     252,411       56.5%     405,778     264,389
$ R  C; c) q0 [8 E8 P" _    -------------------------------------------------------------------------
/ g, ]) n7 J* x9 E$ a# A' z    Edmonton         286,857     194,857       47.2%     316,429     206,714
3 K' i4 ^: H. A5 _    -------------------------------------------------------------------------+ r( O/ V- V2 ^% _9 n
    Vancouver        704,250     601,000       17.2%     794,000     697,500
- F- I7 q/ C( ?% F: T    -------------------------------------------------------------------------
! ]! {) V# w& G( ]! R4 q: {    Victoria         375,000     348,000        7.8%     403,000     391,000
1 b) k3 H& m0 `' D# m    -------------------------------------------------------------------------
( K0 z0 l6 Y* a3 J" X5 L    National         300,365     258,202       16.3%     365,380     322,8606 r* d/ I" I. X/ c( s% h
    -------------------------------------------------------------------------
- h+ C1 ^# Y- H$ R! v
1 x6 }' W, l8 `; h! q) Q$ n    -------------------------------------------------------------9 X% V+ p" M/ D' G3 G# T% t
                               Standard Condominium) {2 L9 `/ P: \
    -------------------------------------------------------------
- E1 y. ~5 ]/ Q" k5 H4 X9 M6 c                    2-Storey     2006 Q3     2005 Q3       Condo9 v8 i3 |0 Y' m3 L" U! ?) T
    Market          % Change     Average     Average    % Change
( M8 y" r& A9 x  d* O+ F2 j7 N    -------------------------------------------------------------- _/ z7 m+ A; m5 i
    Halifax            -0.2%     142,000     103,000       37.9%
) X2 h+ f& x8 M" {. _' t) i    -------------------------------------------------------------0 H" b5 |- ~0 U& ~5 A
    Charlottetown       2.9%      98,000      98,000        0.0%
& O# M- O; [4 e    -------------------------------------------------------------3 s, i% ]  a8 x+ o$ v
    Moncton             4.9%           -           -         N/A! t' h2 J& [5 e& @
    -------------------------------------------------------------3 u6 u% P! x7 b% X* x7 ~1 v. ]( j
    Saint John           N/A           -           -         N/A: n0 n5 n! g1 [. b" y; {4 o
    -------------------------------------------------------------) G' T7 L3 G  e3 T4 j% P4 R! K
    St. John's         -0.8%     146,333     145,667        0.5%9 |8 D) n2 x( [  B6 ?- Q6 B, w
    -------------------------------------------------------------
7 W1 z  s8 e2 Z1 R2 l0 V. V  _* c    Atlantic            1.3%     128,778     115,556       11.4%, I/ d% ?; w! @1 Y- X
    -------------------------------------------------------------
# p; K# C7 ]; q& \6 M2 W    Montreal            1.6%     193,190     188,016        2.8%
0 [9 B- U0 b' p    -------------------------------------------------------------
# {  F' A7 O' s0 [" ?0 a  J1 h3 s    Ottawa              4.5%     181,083     172,250        5.1%% r  _" I( L- I9 J6 c* b$ f; h
    -------------------------------------------------------------
% n+ ?- l* E7 A3 o7 ~    Toronto             1.4%     252,088     242,918        3.8%% e1 u$ C) T2 r: e  h
    -------------------------------------------------------------
- v& Q2 t; c2 t  N    Winnipeg           12.0%     105,648      96,008       10.0%* h- d. A7 R0 }, T6 i( G2 T& g. F& Y6 }
    -------------------------------------------------------------1 e! ], e' g+ q* V
    Saskatchewan        9.7%     106,250     101,000        5.2%
4 J) c- |% C: Z: }    -------------------------------------------------------------! _3 O0 j6 L# M% u% O& _6 F" m6 P
    Calgary            53.5%     245,844     153,867       59.8%5 l8 S7 p1 m; A. \: K0 t
    -------------------------------------------------------------! \& H; A, z  ~8 a
    Edmonton           53.1%     200,433     131,500       52.4%
7 o1 C* @9 ~* O    -------------------------------------------------------------$ V; z6 `& o' n( N0 ^
    Vancouver          13.8%     366,250     323,250       13.3%
0 [/ p0 r( a/ x9 g    -------------------------------------------------------------
( y0 Q8 h; e6 g! ^7 m: f9 o    Victoria            3.1%     229,000     220,000        4.1%  X! m) e8 y4 b; a
    -------------------------------------------------------------& l% T& m$ q4 h( _' L8 Y8 m
    National           13.2%     211,562     185,296       14.2%
! @+ X+ a( ~+ `3 c( h    -------------------------------------------------------------1 s6 y3 }" x) Q- U2 d% f
    >>7 {& Y9 ]" f- ^/ O2 F2 x: I
8 Y! N7 H5 Q* D8 b
    Average house prices are based on an average of all sub-markets examined( z* [8 S/ k+ c' I+ O
in the area, except for the smaller markets of Charlottetown, Moncton, Saint
5 e; e, C0 B: O. m2 |John and Victoria.
6 u3 f; N4 M* }2 O( K
& {2 A4 W* Y7 B8 E2 V+ b    The Royal LePage Survey of Canadian House Prices is the largest, most; _) n0 s( `& S3 o  C
comprehensive study of its kind in Canada, with information on seven types of
+ E6 B# k( q& t# P1 Z8 o! Yhousing in over 250 neighbourhoods from coast to coast. This release+ l0 z; l, Y* G* f- w9 G: T
references an abbreviated version of the survey, which highlights house price. E  e6 ?* c1 {7 Y+ W2 S
trends for the three most common types of housing in Canada in 80 communities- l5 e2 Y- q9 i5 A, n1 P2 d/ O. |3 z
across the country. A complete database of past and present surveys is, u8 E& U3 F; y& g+ ]" s. \/ i: h
available on the Royal LePage Web site at www.royallepage.ca, and current# ~8 ^0 b/ U$ u$ t2 X5 P
figures will be updated following the end of the third quarter. A printable% H4 o; s1 S+ u0 j4 j1 C0 c% V
version of the third quarter 2006 survey will be available online on
6 y, |, O2 p$ z7 u2 CNovember 15, 2006.
& j( F6 j- Y4 ~! ^" |- k! M    Housing values in the Royal LePage Survey are Royal LePage opinions of
3 z4 B. [. I! J" X3 s" bfair market value in each location, based on local data and market knowledge
; {' d* @: Y. v7 ~4 y# O2 Sprovided by Royal LePage residential real estate experts. Historical data is
' P& d& S, |- t3 wavailable for some areas back to the early 1970s.
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