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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 1 U0 ]9 M1 w' D$ f9 C0 g% V

9 }3 E$ g" G* c- Country's market poised to show growth throughout 2006 -5 U0 k8 b( }% `+ v2 a
$ a% v% J, D# |" h6 y7 G( i
    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market
' X# E+ Q- p* t+ g% {exhibited moderate price increases and stable unit sales during the third/ Y0 e) n  W  K
quarter. Wide regional variances continued to be the dominant characteristic/ O: F; _4 m6 O9 Q+ k/ h- B
in the market, exemplified by frenzied levels of activity and double digit+ A7 n. Q; I( s
price gains observed in the energy and commodity rich Western provinces, and
5 M/ j; \' h. w0 Zmore reasonable sales volumes and moderate price appreciation in Ontario,9 G% M% p  S8 u; S6 {& q
Quebec and Atlantic Canada, according to a report released today by Royal  i1 u9 ~8 M4 [% E
LePage Real Estate Services.
( t3 m5 ^: Q' L0 {. [- C7 m
1 X( i: O) |) y  ^    Nationally, market trends established through the first three quarters- Q- R3 O4 u" \4 ?
are forecast to continue for the remainder of the year. Robust economic
9 `9 e% S" |* @7 T! L6 V( @2 u5 d, fconditions, low unemployment rates, modestly growing salaries and wages, and# d' U$ ~; e6 P, v$ P; `; R, k8 X7 u
sound consumer confidence contributed to the overall strength of the& a1 _/ I7 e( S5 z& u- c6 K
residential real estate sector.
3 b9 b- U( ^6 e6 a) n0 ?/ C9 R6 ~" Q2 F3 M# W3 m
    Of the housing types surveyed, the highest average price appreciation1 T; @9 C5 M1 `& g6 [4 D
occurred in detached bungalows, which rose to $300,365 (+16.3%)
8 t3 V4 Z/ S; x5 G0 W3 X! X+ @/ ]year-over-year, followed by standard condominiums, which rose to $211,562
, _' |/ A- E* G(+14.2%), and standard two-storey properties, which increased to $365,380
2 k- s; L+ @( B& Q/ V5 y" g(+13.2%).! z5 g' `% ]3 O: H+ @" z$ {

$ V9 `1 L+ }0 K3 E1 A2 I6 g/ s/ h    "Canada's sturdy housing market continued to demonstrate steady growth
! `. _2 j0 d1 w+ iduring the third quarter. For all but the west, we have moved on from the! u- }; v& N, b' X7 S
frenzied expansion that characterized the first half of this decade, and are
% y5 w5 J! G9 Q( \! ppoised to show continued growth at a more moderate pace," said Phil Soper,
3 a  U1 n% Y- K- f2 S, @4 ^5 ppresident and chief executive officer, Royal LePage Real Estate Services.
8 e* e7 D  F9 `) o% [3 o: Y- ]"Gone is the sellers' market that we have lived with for some years. We
& A! M& H% r' b+ ], \+ _welcome the more reliable conditions that are characteristic of a healthy! r9 u" {2 M  }3 v
balanced market.": r& D2 v1 g3 T/ Y

+ p6 [9 J* @# q! @. }. M    Despite the double-digit rise in average national house prices,  b* |' \4 [5 i. X- E2 J
considerable regional variances were exhibited again this quarter. The shift
0 @( c8 A/ {1 s, ato balanced market conditions, which began in late 2005, has continued
: e' _! v1 z9 ^6 S( {throughout most of the Central and Eastern regions of the country. In the core: k1 j9 ]4 @' a$ m, I7 u
energy producing western provinces, the combination of very high in-migration,3 H2 O6 }# Z: y* _: C0 z
manageable affordability, and a shortage of inventory has driven record) C( o0 k' Y& B% I0 v" N6 [# N* s1 Y4 C
breaking price appreciations.' Y# ~% B) y; S8 X/ P7 q3 o; V' O4 R" b

6 t# O' c5 ^0 {. K# S4 ~    Echoing the second quarter and supported by Alberta's rapidly expanding
' j5 n7 ~! W' x; S$ e: w& heconomy, Calgary and Edmonton led the charge of Canadian cities with the
% K* M( m9 C: t- Y0 C( ]5 {largest house price appreciation in all housing types surveyed.! j6 z' @% p4 z% x! W. B6 E
8 ~8 O, u" M; a$ j1 S4 n- V
    In Ottawa and Toronto, growth remained steady, supported by solid
' j% l4 d1 V2 t- b4 R9 f" \  Feconomic fundamentals, an increase in available inventory and strong consumer
( r* V! X) W( }  Q7 cconfidence. While the pace of price appreciation in Ontario leveled off( g" N; ]; Z, n% \8 M6 F
slightly, the province's real estate market remains poised for modest growth.; o& v1 d8 y2 X& n
In Atlantic Canada, new housing and condominium construction offered buyers
/ \5 t& L9 E3 k" v" V) X- y4 ^greater selection at more competitive prices, resulting in a slower rate of
, D  @- ?7 ^% L; oprice appreciation when compared with 2005.
7 Y5 i1 b9 ~, J+ U  j( ^3 W1 Y3 D3 i8 h' ]- M) r
    While the pace of growth in Canada has slowed, the domestic housing
, H8 L" G7 \# `+ |* }market is expected to outperform the American market. The economic and
) Z, {  }# e# hfinancial fundamentals driving the residential real estate sector in Canada7 F! ]9 A2 n' C% W) @- `
are markedly different than those found in the United States.* l+ _9 f# \, T
4 s2 ?) O' Z# z: h0 B1 F
    Added Soper: "Canada's housing market is likely to outperform the
. h( D* f- ]2 j4 EAmerican market through 2007. A number of factors are working in Canada's
9 y" Y6 U. K# S* H/ Afavour, including healthy personal and governmental debt levels, the
: ]9 M  D4 E. Zrelatively modest rise in interest rates in our country, and general
, C+ N% ?  H  |- E1 qaffordability in our major cities. In addition, Americans are now seeing the; G8 }2 u9 _" }
downside of a tax system that encourages maximum homeowner leverage, and% R0 L- {: d1 m4 S, }. R& h/ c
aggressive financial products such as zero- and negative-amortization5 l$ [( d' j; N4 L: O  T
mortgages that work only in a high price growth environment."
& v+ `% ?- k& x4 g) Q7 X6 \. I
    <<; \8 P+ P, K1 P, g
                             REGIONAL SUMMARIES
) E4 o4 X/ @1 t0 J    >>) d* S) Y: ^3 G' I* l

3 y3 U9 t2 [. v    Balanced conditions continued to characterize the housing market in
' q9 i1 W" Q: N4 ?% s( O" s9 E4 THalifax, as significantly higher inventory levels helped to moderate the rate
6 `5 Z' x5 m- Q4 B1 j- Eof price appreciation. Buyers were increasingly choosy, taking more time
: h6 v% D8 C) A0 ^) qlooking for newer, low-maintenance properties that were not in need of
) t+ P) f/ n8 l; E8 ?4 \4 Erenovations.
  ~, w1 {7 L3 Z8 V% j9 B5 \* Y4 G  k
    The housing market in Moncton remained healthy and strong as a slight
9 `/ j# A/ O; Mincrease in inventory helped to moderate the rate of price appreciation4 D+ x- `- j+ l( s: M& C0 [
compared to the same period in 2005. Activity was brisk throughout August and
7 @0 v8 Q! j. @8 N0 oSeptember and is expected to remain this way through the fourth quarter.) U% x& Y" J7 M/ ?# q6 O9 x( B
+ z0 ^% p' G! {# ?3 ~, e
    The housing market in Saint John underwent its traditional summer
3 z1 [. L  \9 C7 N: E3 P' D7 M" Gslowdown in the third quarter, with activity picking up towards the end of the
; N) Y" d) Y1 N/ Y  m8 Gquarter. The local economy continued to thrive, as construction on a new
8 m( J2 |; H1 }) g& l7 h6 d600,000 square-foot shopping area has begun, bringing several new box stores) l" d' e' P4 f( j: ]# }. U
to the area. Buyers have begun seeking less expensive fixtures for their homes
6 \% @/ `9 v' I3 gand are instead opting for more affordable housing options.1 \$ B% U  E( ^; q; S/ F

0 m: r) b% s4 l; o    In Charlottetown, the housing market started to move towards balanced6 T3 k; s) z- g
conditions, as some sellers had to begin to lower the asking prices on their
2 W$ `1 X; _7 j: q$ }2 N' j. P4 F+ Zhomes to make them more competitive. Activity from out-of-town and US buyers
  J3 G$ D  l1 swas down slightly compared to 2005, likely attributable to the strong Canadian* _% y, p" {2 ]" X7 n4 N+ G
dollar. Inventory levels began to creep up in the third quarter, providing1 i/ o2 u, q$ }/ a2 i" E
buyers with more options when looking for a home.
* C9 }! w) N, P* l6 v( _# u# I! Z; r0 n7 q' H9 k4 [
    Activity in St. John's slowed slightly in the third quarter, particularly
' l, _, k% @* Gamong higher-priced properties, where there was a slight over-supply of homes2 G) x+ q9 O8 A4 e$ y9 g
priced over $200,000. Listing periods have increased when compared with 2005,* A2 D8 ^2 R6 x, t3 f
as some of the pent-up demand that had characterized the market over the last
! M6 S1 @$ P& }: q( e4 h' dfew years has been satisfied, resulting in more normal, balanced conditions.
$ x7 c0 h8 b- U( f7 ^: Q, X2 `
    Montreal's housing market recorded modest increases in average house2 f: J8 V$ t* o! R- m$ F
prices, due to a slight seasonal slowdown in the third quarter as inventory+ ]& c2 Z, Z4 T  D! {" C2 r
levels rose. Part of this can be attributed to the fact that many renting
+ P  K, ~9 s5 M9 o$ a! t# d7 H2 ofirst-time buyers were motivated to close on the purchase of a home by July 1,5 t7 A9 ?3 K" o
when rental leases expire in Quebec. Once this date has passed some of the
, b0 t( D; W2 J0 o/ F3 lpressure is taken off the market, allowing buyers to visit more homes before% g2 Y6 V" W& H/ N& |* j" p
making a purchase.- q( I  }' P! G0 a
' }0 ^2 R4 m% n6 P6 }' P3 {! q
    Ottawa held its position as one of the country's most stable housing
, A: V+ n0 D8 c) B1 Hmarkets in the third quarter, reinforced by a vibrant local economy and strong
" E, [1 S* z  x, Rconfidence, resulting in modest increases in average house prices. The city
$ o$ [0 K- M" |# }1 d3 C" r3 j' B- Ccentre remained a bright spot in Ottawa, with homes in this area attracting$ W  L9 _0 q5 D" p" W) k9 B3 q
attention due to their convenient location and proximity to downtown
; A+ H) U4 v$ }+ _amenities.7 Z% P* d3 [5 x3 p
# Q) l% c" k& u3 X/ r2 {5 x) e1 _
    The housing market in Toronto sustained healthy activity levels' n  I" y4 [* G1 L$ Q
throughout the third quarter, as a strong economy helped to maintain demand
  ^' |5 q. o6 K* hacross the city, causing average house prices to rise moderately. Toronto has" w& M: o% U6 b3 R
continued to experience modest growth in average house prices, and has been* E: E& L  q( x0 ^5 {& }0 g( g* ?
driven primarily by purchasers who are buying homes as their principle+ N: x2 h$ Y# u' V9 @1 k1 p8 W
residence, rather than for investment.! H5 g. [, p1 ^& \

2 E1 D( x9 I' y0 M/ Y6 P: D- o; @8 ^- H    The vibrant Winnipeg housing market continued to show its strength as
. S* W0 v) \, T4 k' yhouse prices rose during the third quarter. The booming local economy resulted
' D. V( g+ Y4 P3 ]3 ], Ein a historically low unemployment rate, helping to bolster consumer
. g6 K: K+ s3 d9 L$ qconfidence and Winnipeg's ranking as the city with the lowest capitalization
$ _3 e2 W* U9 Jrate among the country's larger cities - helped to encourage buyers to enter
, n: W% _, `! u4 U+ m$ I- w/ d% ~4 Cthe market.
, D( E% U$ x+ g5 e9 T4 X; e/ f1 h0 e; p- a
    In Regina, the market experienced a slight seasonal slowdown through
! Q# Q' l1 X8 P5 h) k0 v4 Y2 RJuly, as there were fewer purchasers in the market due to summer vacations. In
, M' V5 K  v4 @6 I* V+ C* G7 N) zAugust, activity resumed to the busy pace previously seen in the spring
3 q+ [! J5 Q" l3 lmonths, as the influx of purchasers made it more difficult to find a home due
: w+ A) m( d3 v4 cto the shortage of available inventory.
! b. B8 j: y. R: E2 e5 l. }+ ^, H. l" I
    Activity in Saskatoon remained brisk as the market maintained its
6 Y. Y0 @, Y4 m) z( p) X  cmomentum from the busy spring sales period. The economy in Saskatoon remains7 E4 O' ]8 R4 Z
vibrant, as employment opportunities are abundant with many businesses
# [# `2 E: G6 Q0 S0 r& Dstruggling to make hires and having to recruit outside the province., z+ K, S6 b, }" D  W, G
4 i/ q6 [: V2 C4 z% Z& S. X& q! K
    Calgary's housing market recorded blazing average house price increases
, P. m+ z5 [/ Lin the third quarter, in all surveyed categories. The burgeoning economy, low
- C+ G. [% a' t5 q9 Hunemployment rates and low inventory levels remained the leading factors that
9 K( ?6 J# g+ _* m, M9 W4 Upressured Calgary's house prices upwards. However, regardless of the soaring8 i- E- ?$ f& g1 F3 b' _. a% a* ?% |$ I! I
prices that characterized the market - even during the typically slower summer
/ _/ x* r, g+ }% `+ m+ s, L( Eseason - it is expected that activity will become slightly more balanced, as# `; o3 {$ z1 e' c$ K; ~/ w
buyers are becoming more reluctant to participate in the frenetic activity.

4 H* {9 n6 X3 |5 A6 I
+ t0 O, J. e  R; F- t$ i    Edmonton's booming local economy continued to thrive in the third quarter
( H9 g9 y  m/ @% W' H. {as activity in the oil sands north of the city continued to flourish. Edmonton3 B3 q% f+ S; I1 P
remained the hub of activity for those coming to work in the oil industry,
" c% e3 ^( N+ s4 y1 Omaintaining tight inventory levels across the city, resulting in prices; I# j2 y( |, W6 v6 {
increasing at record levels. However, as inventory levels continued to improve7 B. R# l; h- a
in the third quarter the rate of price appreciation should moderate slightly3 O2 ~4 R4 i, X( q' A! g
towards the end of 2006.
   
) Z" ?; X3 c2 \4 X- G) y" V7 Q4 r% Y" E( W# o$ d: d1 {. j3 B! R
While Vancouver has seen a slight reprieve from the severe shortage of
! A. a: C3 `2 t/ Vinventory that had previously characterized the market, supply is still unable
+ f! T4 E$ F  L, w1 z4 ^* U7 s- {to meet demand, driving house prices upwards. Vancouver has a very diverse
$ @; p3 i4 V: rgroup of active buyers - from first-time home buyers to baby-boomers to* M$ J- n! W6 o" W- Q& G
foreign investors - all of whom fuel the demand for houses, placing added
, H5 V) p+ ?0 ~pressure on tight inventory levels.
' L/ q; e: y" J5 h7 g. Q7 j. r/ C) c7 ^# b
    Victoria's market is vibrant and supported by strong economic
% n9 k2 s/ k  {3 X2 Vfundamentals, fuelled by a booming tech sector and a migration of young people
, \6 E. e8 u4 c, y$ vinto the city that has continued to support the area's house price increases;/ h' s1 [. {5 @2 m
while increased inventory levels have afforded buyers more time when searching
8 D& R' t1 m5 W; [$ `for a home, helping to normalize the market's pace.& O7 O, {9 [! L1 N

0 l0 U6 V  y, ~) W* }& D, f    <<
: ]  d8 s" h/ ?/ n      Survey of Canadian Average House Prices in the Third Quarter 2006$ T7 H, j- w/ M- }% I7 y

9 _# m$ u0 v# w! r5 z- N* o. U$ l    -------------------------------------------------------------------------
9 s8 @# q1 z$ O& H  X1 e                 Detached Bungalows                Standard Two Storey
  K- }; M: S& `, r) e    -------------------------------------------------------------------------
) q; g1 k5 B8 n1 @                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q3
9 r! a  T1 d; k& r: D    Market           Average     Average    % Change     Average     Average  D( v: m  [6 F. c
    -------------------------------------------------------------------------% l7 ^# G0 p7 T, r) V4 @, F
    Halifax          186,333     173,333        7.5%     198,667     199,0001 k, g: y7 n$ M' E- F6 F
    -------------------------------------------------------------------------4 M' }! P* Y7 ?- [
    Charlottetown    145,000     141,000        2.8%     175,000     170,000
# x! ]& T: Q! @# A* w3 P    -------------------------------------------------------------------------: f" [- T% \# }6 O
    Moncton          135,000     127,000        6.3%     129,000     123,000
: O7 o: C& u. i9 s5 f6 @; L    -------------------------------------------------------------------------$ T1 R0 X1 R5 @* l7 Q
    Saint John       141,200     142,900       -1.2%           -           -/ n5 A2 T& C8 g2 W4 C9 e
    -------------------------------------------------------------------------
2 ?0 n- l- x3 F. E    St. John's       143,667     142,667        0.7%     200,667     202,333
3 M/ T( L5 P8 d, O    -------------------------------------------------------------------------# ^4 C2 p: {* @- y0 j6 w: q
    Atlantic         150,240     145,380        3.3%     175,833     173,583% S# w- M" g! O3 F
    -------------------------------------------------------------------------
; v- U( D* |. [$ Z8 M1 {    Montreal         213,691     203,500        5.0%     321,141     316,185# [% z' ^' L# P
    -------------------------------------------------------------------------* W& b% b- m1 Z- B9 J3 @' f
    Ottawa           290,083     278,417        4.2%     285,667     273,2502 B; ~4 b; V( Y/ ^) u4 `% D0 L. J
    -------------------------------------------------------------------------& n- h+ E& D7 T& C7 \$ l& I
    Toronto          373,368     355,882        4.9%     481,523     474,766  D! K4 p. a( O
    -------------------------------------------------------------------------
2 |/ P. r8 k7 [2 H/ B1 P. u    Winnipeg         181,579     159,860       13.6%     202,337     180,707
# w8 {- i$ I. e; F9 O    -------------------------------------------------------------------------5 \1 p$ y3 T  R+ H) ~
    Saskatchewan     170,667     156,083        9.3%     182,600     166,500
( d% z& {, W/ E' V    -------------------------------------------------------------------------/ U3 V( A3 U- }7 r# M$ b
    Calgary          395,067     252,411       56.5%     405,778     264,389! L! n/ R: J" {/ D2 U3 d
    -------------------------------------------------------------------------& C5 y  A4 `8 C" R5 H
    Edmonton         286,857     194,857       47.2%     316,429     206,714
# B" \( C7 s5 Y    -------------------------------------------------------------------------
! I- L% _# n% k+ R8 f    Vancouver        704,250     601,000       17.2%     794,000     697,500
( T6 X3 {  _4 A0 L7 H- @    -------------------------------------------------------------------------
! ~+ d0 W6 c6 G& E    Victoria         375,000     348,000        7.8%     403,000     391,000- g6 L/ v  U" }) Q# {
    -------------------------------------------------------------------------0 u- X0 ^! y: p* ]) |% D* S
    National         300,365     258,202       16.3%     365,380     322,860
6 H* i2 x- D, A: g% I& {    -------------------------------------------------------------------------8 @( O! R/ X/ {- _) O: t1 M* b

" A5 u, H" k2 K7 y$ ]4 R    -------------------------------------------------------------
8 O4 C6 g: a* X9 K                               Standard Condominium
! Z& c7 m  b" q    -------------------------------------------------------------
$ `; f! R5 ]% s+ I" j2 ^                    2-Storey     2006 Q3     2005 Q3       Condo8 w! S, r/ d6 F! ?$ C) h3 ?
    Market          % Change     Average     Average    % Change
7 t6 U7 O+ f: k7 O& \+ L    -------------------------------------------------------------# N% J) I" _* |) B# g
    Halifax            -0.2%     142,000     103,000       37.9%
+ I- ~# p- u+ E$ w. ~' t* @    -------------------------------------------------------------
2 G7 }# |$ s( P9 s- |% O    Charlottetown       2.9%      98,000      98,000        0.0%
" o( Z2 s2 N2 Y- ~6 a    -------------------------------------------------------------4 x# S7 W6 l, |- g! {
    Moncton             4.9%           -           -         N/A
  n" a- o" M- G! C6 H: [- e$ ?    -------------------------------------------------------------
/ {4 \5 Q, C1 ?, G1 f7 a# }    Saint John           N/A           -           -         N/A& S3 A; D( l% o  X9 C2 Y
    -------------------------------------------------------------5 V' P% }/ b3 z6 _1 n$ C. e( L
    St. John's         -0.8%     146,333     145,667        0.5%; Y6 q7 B" D, b3 h1 j
    -------------------------------------------------------------# k' t) d1 W: |$ Q7 l& R
    Atlantic            1.3%     128,778     115,556       11.4%! r+ ~3 {. m  w! F  Z' `7 h
    -------------------------------------------------------------
, x0 K7 w" h2 r1 s7 F6 ^    Montreal            1.6%     193,190     188,016        2.8%
! v# Q+ j- E9 C$ U5 ]    -------------------------------------------------------------
2 T6 T, E: o/ s1 g    Ottawa              4.5%     181,083     172,250        5.1%- X( \* X# p% q3 l8 R3 K
    -------------------------------------------------------------
4 m4 `* E8 V6 j0 {( k9 l7 D* ~    Toronto             1.4%     252,088     242,918        3.8%6 o% v" G' e' h! G( q( r
    -------------------------------------------------------------: I' l3 d& U  E8 j) ?2 ?
    Winnipeg           12.0%     105,648      96,008       10.0%& I- Y3 x" y! K; Y6 _; ?5 `
    -------------------------------------------------------------% H  S, k; P3 A2 l
    Saskatchewan        9.7%     106,250     101,000        5.2%
# D0 K, E0 J7 V: b- ~    -------------------------------------------------------------* R3 f8 ~, o0 j3 w4 s+ z+ Z
    Calgary            53.5%     245,844     153,867       59.8%
- G* Q( G$ N! h3 g) S9 r; f/ O! H) Z    -------------------------------------------------------------
. j. W$ y5 p' y' t    Edmonton           53.1%     200,433     131,500       52.4%& W+ ~: U& L4 O: @8 e1 M0 e, J
    -------------------------------------------------------------7 M+ `( L% H. v" ?  j% g7 y
    Vancouver          13.8%     366,250     323,250       13.3%" w. X+ J6 b# r$ g! O2 s
    -------------------------------------------------------------
  W2 l; R; }1 X' v, F' s6 |    Victoria            3.1%     229,000     220,000        4.1%7 d* e2 {# w: D/ Z& |  N- i
    -------------------------------------------------------------
/ [  d' _5 A- v9 d    National           13.2%     211,562     185,296       14.2%
4 u1 O. C$ L8 A5 @' B    -------------------------------------------------------------7 x9 @0 e5 l. z! Q- [4 A" R: B
    >>( P7 M- R7 C2 b4 A- F2 x% ~
' m, r0 @! D9 T" i5 Z/ ?; s, f
    Average house prices are based on an average of all sub-markets examined+ e! S" J& t2 s! ?+ F
in the area, except for the smaller markets of Charlottetown, Moncton, Saint
5 h" T' t+ M7 y8 q! Q/ h" EJohn and Victoria.
1 G/ f* J/ g3 n, a- Z4 E9 s0 U' X. `; ]# ?& \/ O8 A3 s1 P& ~
    The Royal LePage Survey of Canadian House Prices is the largest, most3 k+ [  |8 S; j" ]( c
comprehensive study of its kind in Canada, with information on seven types of
0 ], I$ k5 o" c* ohousing in over 250 neighbourhoods from coast to coast. This release2 E: i3 K* B% \: i6 S3 u
references an abbreviated version of the survey, which highlights house price
  v0 s& {2 O, I( R/ \# Qtrends for the three most common types of housing in Canada in 80 communities5 a4 l, S( N9 B" o: \9 |+ g
across the country. A complete database of past and present surveys is3 D3 }. G; |' |; V2 Z: l
available on the Royal LePage Web site at www.royallepage.ca, and current
* o) D0 u0 j+ i  L. R$ [4 I$ u+ u  Sfigures will be updated following the end of the third quarter. A printable* I. `4 a0 q7 o& Y' H4 |+ x& D' k
version of the third quarter 2006 survey will be available online on
1 ~; k5 b3 ~  }0 B, E5 @0 q% p; INovember 15, 2006.
" ~+ P" e# D0 R/ @& Y4 |    Housing values in the Royal LePage Survey are Royal LePage opinions of
4 S; b! ^# y3 n$ O, m8 Jfair market value in each location, based on local data and market knowledge. W, {0 |+ y4 k( }' N0 g
provided by Royal LePage residential real estate experts. Historical data is2 B4 y2 n4 b: q- ^/ c3 u/ h1 J2 b# p" W3 n
available for some areas back to the early 1970s.
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