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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 ) Y# c- |; Z% `2 Q5 F$ s6 Q

1 @! A+ l2 z6 H' W) i! P! |- ~& _$ S- Country's market poised to show growth throughout 2006 -
2 F6 `: I+ X. }8 |" M) D, [4 M7 J6 s6 g( ?3 a# M$ Q4 H/ `
    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market7 Q9 u8 ]+ e, g+ b4 v
exhibited moderate price increases and stable unit sales during the third
* h( X+ ^2 h" R2 e- Y2 Qquarter. Wide regional variances continued to be the dominant characteristic
3 \  m7 F9 S- V- n6 ]in the market, exemplified by frenzied levels of activity and double digit
* a; W# X3 V/ W4 q* c" [4 Dprice gains observed in the energy and commodity rich Western provinces, and
6 T$ g' U/ b! C5 ymore reasonable sales volumes and moderate price appreciation in Ontario,
7 B$ X# l! Y& W7 nQuebec and Atlantic Canada, according to a report released today by Royal; Y) w" U3 s% ~& B# }) \, N
LePage Real Estate Services.
! z1 o! s* _8 u8 W; v) a
; k2 l* ]+ ~% O. O2 y7 ^4 V' k0 X    Nationally, market trends established through the first three quarters' k' ]+ C7 x; k$ W8 i9 e: [
are forecast to continue for the remainder of the year. Robust economic
" j4 h* L& ?: {  Cconditions, low unemployment rates, modestly growing salaries and wages, and3 }% S0 a1 B. d5 a' u& Q
sound consumer confidence contributed to the overall strength of the
4 ^1 |7 u' [! x7 o* e; ~residential real estate sector.8 F2 D7 `1 D+ ]. W1 s# E

% d7 ^8 Y* B0 ~    Of the housing types surveyed, the highest average price appreciation
. u/ x$ o7 a$ a7 ooccurred in detached bungalows, which rose to $300,365 (+16.3%)0 U) l2 v5 N( v& S! |3 U
year-over-year, followed by standard condominiums, which rose to $211,562
. U( Q" T' f1 x2 w(+14.2%), and standard two-storey properties, which increased to $365,380! i. _: Z$ A5 Z5 `: R0 N
(+13.2%).
. E/ I. W) z' k0 x: e2 O9 X. l6 z
/ \9 j  u& V: @$ m    "Canada's sturdy housing market continued to demonstrate steady growth# y( t& V, A' D9 W8 ^
during the third quarter. For all but the west, we have moved on from the+ Z7 b( f4 K3 l
frenzied expansion that characterized the first half of this decade, and are$ @, J( N- M6 c+ m; x
poised to show continued growth at a more moderate pace," said Phil Soper,
3 s6 \/ T# k2 a6 V8 Spresident and chief executive officer, Royal LePage Real Estate Services.1 Y  Z6 @4 |# J0 D3 C4 e% a! e# o
"Gone is the sellers' market that we have lived with for some years. We3 M) F% ~& g  O* y! l) |
welcome the more reliable conditions that are characteristic of a healthy; J% m) t( S, c; Z# e2 o# _
balanced market.", I; [2 Z% n) X0 J2 ~% a

+ \6 t0 I  r  Q    Despite the double-digit rise in average national house prices,
& Q# I. m) ~/ F  J7 gconsiderable regional variances were exhibited again this quarter. The shift4 q& N9 ^1 @' i; ?; m( H
to balanced market conditions, which began in late 2005, has continued  ?- C) _: _$ L% \- |
throughout most of the Central and Eastern regions of the country. In the core
6 u. t& z$ c" t6 ]/ jenergy producing western provinces, the combination of very high in-migration,
6 l: Q. J  `3 zmanageable affordability, and a shortage of inventory has driven record' A; t/ B* Q) M5 i: |
breaking price appreciations.9 b% A8 J$ J4 [! ?

  T  `1 d5 r: |+ S    Echoing the second quarter and supported by Alberta's rapidly expanding, }: v3 w: i7 n5 N7 [; [+ s5 F
economy, Calgary and Edmonton led the charge of Canadian cities with the& i; {4 J/ a% ~2 |
largest house price appreciation in all housing types surveyed.
5 x" P/ U: o" `  M6 F+ a) w7 p9 ^0 U1 D  q
    In Ottawa and Toronto, growth remained steady, supported by solid
$ F6 Y9 @' T" I5 V- meconomic fundamentals, an increase in available inventory and strong consumer$ v5 p6 A5 U# E  X8 f, s/ ]
confidence. While the pace of price appreciation in Ontario leveled off0 \: b* h6 @: J1 l6 P* l3 W6 Z
slightly, the province's real estate market remains poised for modest growth.
# L& M5 |0 F! H# CIn Atlantic Canada, new housing and condominium construction offered buyers% Z5 i, n  t6 q/ X
greater selection at more competitive prices, resulting in a slower rate of
7 b& k1 _: A& T5 V+ j$ u+ @price appreciation when compared with 2005.
; M% G2 s' p0 I3 x& b
; X$ c: e7 P: @! A    While the pace of growth in Canada has slowed, the domestic housing; f2 w* j3 a. m) P% }0 k
market is expected to outperform the American market. The economic and. @/ p4 B5 a& g* ~( X1 _' B
financial fundamentals driving the residential real estate sector in Canada8 Q$ k9 P) L7 I' B$ V2 n, G
are markedly different than those found in the United States.$ L& c  q" w# X" ?2 o$ ~1 y9 e+ @

0 x  f: h& d9 T    Added Soper: "Canada's housing market is likely to outperform the5 z- _) x/ D) a: H) g8 x; T
American market through 2007. A number of factors are working in Canada's$ \3 y8 h# B, Z! Z+ c+ ?
favour, including healthy personal and governmental debt levels, the: E0 N5 y& P! O7 T6 j, A
relatively modest rise in interest rates in our country, and general
( g7 D6 h  N# z' l! ?affordability in our major cities. In addition, Americans are now seeing the; R  z/ D8 M8 o# O
downside of a tax system that encourages maximum homeowner leverage, and
8 u- L0 x4 {) o/ g. a0 Raggressive financial products such as zero- and negative-amortization
5 W' q+ q$ m  K6 n+ A% \mortgages that work only in a high price growth environment."
+ b4 E" ?- L- `6 p2 h1 @2 C4 L/ H1 l  C4 H: I; ~9 a2 h
    <<5 H9 J5 N5 \! f: Q
                             REGIONAL SUMMARIES% Z- z: A% L& B" H) X" s$ ]
    >>
( v  ~/ {  @0 K; q  ^/ J
" N- d. c# U( Y    Balanced conditions continued to characterize the housing market in
' V$ u- V- G; U) M7 }Halifax, as significantly higher inventory levels helped to moderate the rate4 `5 x& F4 Q) z. Z8 W
of price appreciation. Buyers were increasingly choosy, taking more time+ G% G" |! c5 @- t" D+ d) e; `, G
looking for newer, low-maintenance properties that were not in need of
1 O; Q$ }0 J# Vrenovations.
1 s! Q5 @1 j6 r7 N6 q' _$ B; M& J6 u/ b
    The housing market in Moncton remained healthy and strong as a slight: B: @3 b9 Z( U' V& A5 \$ t: ~
increase in inventory helped to moderate the rate of price appreciation4 }/ d& d* B6 ?7 k7 z& D" ~' m
compared to the same period in 2005. Activity was brisk throughout August and
- c4 B% o$ U( V! t+ TSeptember and is expected to remain this way through the fourth quarter.
( f, R4 K3 v, ]+ a2 d  A6 i1 a. C+ L3 O' ?. P, y3 ^
    The housing market in Saint John underwent its traditional summer7 X8 f# Z2 `( z# h! W; G7 {- K, `9 n
slowdown in the third quarter, with activity picking up towards the end of the
2 ^# H' @! l" E% j1 Kquarter. The local economy continued to thrive, as construction on a new
9 g4 k. E7 v; w# f" Z* |7 Q& E* b600,000 square-foot shopping area has begun, bringing several new box stores; }1 J% ?' C7 S% _
to the area. Buyers have begun seeking less expensive fixtures for their homes
8 b" `4 n4 |6 T' A6 h5 sand are instead opting for more affordable housing options.
2 t4 {1 r2 b  ]: m
; R8 w; y0 ]( u0 y( N; V$ h( _    In Charlottetown, the housing market started to move towards balanced
  m3 `6 y4 S9 v! v/ c. D( I2 econditions, as some sellers had to begin to lower the asking prices on their! K, z- f8 ?0 M8 b0 r3 U
homes to make them more competitive. Activity from out-of-town and US buyers+ l- a1 S/ q3 ~8 b) t# k' x
was down slightly compared to 2005, likely attributable to the strong Canadian
3 V( y* q- n% E% i' J1 b$ o; Mdollar. Inventory levels began to creep up in the third quarter, providing
/ W. O8 u/ ~" I$ c; _buyers with more options when looking for a home.
+ o% U. B- G* {8 E2 g; V' v- z0 }( f; B3 F/ J! ]  a
    Activity in St. John's slowed slightly in the third quarter, particularly: Y; a, Q+ h, m' r+ d1 t8 z
among higher-priced properties, where there was a slight over-supply of homes
4 m# ]4 @$ a) r4 c+ \priced over $200,000. Listing periods have increased when compared with 2005,! q/ P2 B: H% d+ B" l
as some of the pent-up demand that had characterized the market over the last
4 p1 h% a2 o7 {; u0 Ffew years has been satisfied, resulting in more normal, balanced conditions.
( j& Z7 I# D& z5 A  x1 M, U0 [$ v- b' K
    Montreal's housing market recorded modest increases in average house
7 k( O6 G( }& \- g# t4 ?prices, due to a slight seasonal slowdown in the third quarter as inventory, Y1 `  k" K3 A2 j, o
levels rose. Part of this can be attributed to the fact that many renting# X7 w) @% \; C% A
first-time buyers were motivated to close on the purchase of a home by July 1,3 d. M5 i2 |5 s6 J5 h. N
when rental leases expire in Quebec. Once this date has passed some of the$ y" C: V8 p0 y* n7 h$ T5 e
pressure is taken off the market, allowing buyers to visit more homes before  a8 ~7 _: E* k: [% s0 K; y5 z& A
making a purchase.
1 C5 O$ @% G5 f4 {$ ?. K8 L. C( @, W6 [7 u8 ?9 d
    Ottawa held its position as one of the country's most stable housing' W; r- x) t. D) D8 y
markets in the third quarter, reinforced by a vibrant local economy and strong
! c; Q2 O, u. m! q! P6 Z5 |5 Econfidence, resulting in modest increases in average house prices. The city
+ c- T& `# S3 E+ X& }centre remained a bright spot in Ottawa, with homes in this area attracting6 q' y9 J, T* U( \9 }7 B
attention due to their convenient location and proximity to downtown  ?( v5 g+ R; ~4 Z# ~$ T/ u7 Q
amenities.
3 J6 w& o# z0 h& ^% \0 I1 G6 D8 L/ Q6 f' w8 I) o. h
    The housing market in Toronto sustained healthy activity levels, D$ `! U8 C" D0 O+ p% c( Y/ a
throughout the third quarter, as a strong economy helped to maintain demand' [9 ~; k0 Z& H/ u+ ]- b
across the city, causing average house prices to rise moderately. Toronto has7 K8 p+ W( z* l9 I
continued to experience modest growth in average house prices, and has been6 Q2 K8 c, r, N  Q( X+ L5 p4 X# J" N
driven primarily by purchasers who are buying homes as their principle
# ]; g3 a# P% e" F6 Rresidence, rather than for investment.
% `5 e9 M" U% _2 l+ m/ @' h" a3 X3 d& t! l1 q2 K/ ~$ a$ _
    The vibrant Winnipeg housing market continued to show its strength as9 g* M# X' ]# s+ K
house prices rose during the third quarter. The booming local economy resulted7 V1 U2 e( o2 R" s+ s3 `5 Y- q9 M
in a historically low unemployment rate, helping to bolster consumer
3 y6 j& Y3 c  a0 m6 w6 Zconfidence and Winnipeg's ranking as the city with the lowest capitalization
6 b7 d' |* V5 g2 ]; N# m0 x% @rate among the country's larger cities - helped to encourage buyers to enter
  M* l& w! X$ m, c7 E: Y/ o9 c0 lthe market.2 F! w( r4 f% ?7 @* x! U9 ~
7 j1 Z  c! r1 ~4 z
    In Regina, the market experienced a slight seasonal slowdown through" P5 d5 Z3 l! A1 a
July, as there were fewer purchasers in the market due to summer vacations. In$ [' Z& Z/ n* M4 u- `# S
August, activity resumed to the busy pace previously seen in the spring
* d. ~1 u* a1 Mmonths, as the influx of purchasers made it more difficult to find a home due
2 P6 o0 f/ N, T% tto the shortage of available inventory.! O. Y, k  J- X# b3 ^
1 o; }4 v$ {; W/ ~4 \) O# w
    Activity in Saskatoon remained brisk as the market maintained its+ {6 X' d( w3 x5 I& G# a. w
momentum from the busy spring sales period. The economy in Saskatoon remains1 j$ @& O* F5 z
vibrant, as employment opportunities are abundant with many businesses7 G9 n# a  D# o  T
struggling to make hires and having to recruit outside the province.
0 I, j3 i( g0 a  W1 ^8 ~  w' c, S6 l- ]* G  F6 m, O
    Calgary's housing market recorded blazing average house price increases
+ \6 k0 h4 b& c" l* M5 }  Win the third quarter, in all surveyed categories. The burgeoning economy, low% V- H3 ?5 h5 H! i) z
unemployment rates and low inventory levels remained the leading factors that/ }$ W" y. V3 w! n9 z6 M9 }% E$ ~+ Z
pressured Calgary's house prices upwards. However, regardless of the soaring
5 U! T  W# P* T9 ?# B6 Yprices that characterized the market - even during the typically slower summer
* L* C& a$ b: ?3 }/ X9 i1 sseason - it is expected that activity will become slightly more balanced, as( |' q, Z! ^- J: \
buyers are becoming more reluctant to participate in the frenetic activity.

6 D9 h6 Z7 w- b( h
, v- @8 w2 G, p* I( e/ \5 ?$ |' b    Edmonton's booming local economy continued to thrive in the third quarter8 @& G1 h6 V) q( e* G
as activity in the oil sands north of the city continued to flourish. Edmonton
% o( V7 O( q+ V2 a# jremained the hub of activity for those coming to work in the oil industry,
1 p" u% C- Q5 y$ |. s7 dmaintaining tight inventory levels across the city, resulting in prices" W8 i" B5 b( f( D' T: A, i4 r& ?
increasing at record levels. However, as inventory levels continued to improve
0 D& Y$ F9 [& h; M" N8 ~8 ]in the third quarter the rate of price appreciation should moderate slightly
: A* U0 x0 I2 Y! s: v# A' Ltowards the end of 2006.
    - i* E! q) S" D& f

. ^$ D# \- }$ KWhile Vancouver has seen a slight reprieve from the severe shortage of2 p5 d) H" p: O0 ]. D4 \, T
inventory that had previously characterized the market, supply is still unable! R. x# M! w9 y; W) X( Q0 D0 N
to meet demand, driving house prices upwards. Vancouver has a very diverse2 W4 u3 {" A6 b. ^3 C& l" \
group of active buyers - from first-time home buyers to baby-boomers to
# p# E) B) K" s8 Z& wforeign investors - all of whom fuel the demand for houses, placing added
4 N; i' ~, F" D& ]% f9 w7 c; W  Jpressure on tight inventory levels.% I- u" u/ w% D/ ]( r

- ~( ]3 @- W! I1 E    Victoria's market is vibrant and supported by strong economic
- q4 |7 L# E' m2 Kfundamentals, fuelled by a booming tech sector and a migration of young people6 N" ]) g) I+ p; z0 f
into the city that has continued to support the area's house price increases;) H3 K: R; h2 q: r1 S. E
while increased inventory levels have afforded buyers more time when searching
6 y" h2 j9 R4 v$ P0 ~, xfor a home, helping to normalize the market's pace.
( d5 T, E7 Z. c* Y# T
5 _, @3 y9 v3 D* \( E. b    <<* T  ]" I) \2 {( A0 a  h
      Survey of Canadian Average House Prices in the Third Quarter 2006
/ m) N6 o( H" v/ y" h' x( c$ B- C9 O, N) }1 C2 n  m6 a
    -------------------------------------------------------------------------
& G2 S' j6 {5 a& j$ m' ~) x                 Detached Bungalows                Standard Two Storey6 i" Q5 F" l8 ?) b
    -------------------------------------------------------------------------1 A4 i. g* P5 T
                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q3) l* v. w+ K; x- Z
    Market           Average     Average    % Change     Average     Average9 g# m9 b) X9 F& w* k! T& Y
    -------------------------------------------------------------------------7 v- k/ s" p* Y! y
    Halifax          186,333     173,333        7.5%     198,667     199,000% |! v! ~5 u4 Q$ l/ c
    -------------------------------------------------------------------------1 ^1 m6 L6 U1 S5 Q# r) Z
    Charlottetown    145,000     141,000        2.8%     175,000     170,000
, A- M8 a( u+ K. \3 l    -------------------------------------------------------------------------
! \  I- _: L) _5 B. P  ?9 N    Moncton          135,000     127,000        6.3%     129,000     123,000% `4 ~% u' f" p3 K  _
    -------------------------------------------------------------------------* u( C' d( L- ?
    Saint John       141,200     142,900       -1.2%           -           -  m* T* k+ L- ?7 z
    -------------------------------------------------------------------------- f0 T2 c6 `  \1 n# J9 z2 H
    St. John's       143,667     142,667        0.7%     200,667     202,333! T9 x7 C7 ]3 Y7 ]* i9 C4 b
    -------------------------------------------------------------------------, I3 [% ], y' Z1 ?4 b
    Atlantic         150,240     145,380        3.3%     175,833     173,583
% W" Y) I5 ^9 n1 Y) K5 w    -------------------------------------------------------------------------) s4 Z# q0 @7 z4 K/ l* Z6 M
    Montreal         213,691     203,500        5.0%     321,141     316,185
' \% {7 H" E( p! [    -------------------------------------------------------------------------
# e, |( x* L( E9 i6 {    Ottawa           290,083     278,417        4.2%     285,667     273,250
; u8 I' R4 N* A( h! g8 N9 _1 l    -------------------------------------------------------------------------1 ~: J2 h! G( w& N- H; `
    Toronto          373,368     355,882        4.9%     481,523     474,766  q. |: c# L+ ^" }5 }) K2 K+ h
    -------------------------------------------------------------------------
4 d6 [* a5 a% ?, @/ q% {    Winnipeg         181,579     159,860       13.6%     202,337     180,707
$ `9 a% Y* `( S, c0 a    -------------------------------------------------------------------------/ a7 [* w7 B2 N# D2 }
    Saskatchewan     170,667     156,083        9.3%     182,600     166,500
% T( s' y( w/ i! `% D8 |4 N, j    -------------------------------------------------------------------------
/ e, _1 s2 N1 j$ R8 Z    Calgary          395,067     252,411       56.5%     405,778     264,3894 J$ W6 z/ d* x( V+ x( y8 z; G
    -------------------------------------------------------------------------0 i' v8 r3 W& j7 L
    Edmonton         286,857     194,857       47.2%     316,429     206,714
, Z  P; l+ c/ I    -------------------------------------------------------------------------5 B$ i2 g& h! I
    Vancouver        704,250     601,000       17.2%     794,000     697,500
/ Y1 J  x" C* Y0 i% k3 C5 F) w0 `" ]    -------------------------------------------------------------------------
2 a( m6 h3 H  k. K; y. {    Victoria         375,000     348,000        7.8%     403,000     391,000
1 g( U. L. @$ I0 J; c7 l) j    -------------------------------------------------------------------------$ c; T$ `, B9 n  k  q
    National         300,365     258,202       16.3%     365,380     322,860
8 }5 Z2 n6 \2 T    -------------------------------------------------------------------------$ N" u  J& ]' j8 r
3 A2 m  ?: b) t; K( [
    -------------------------------------------------------------) s0 d9 Z: r7 J
                               Standard Condominium
+ a3 {) E# K  i- c9 s    -------------------------------------------------------------
6 y( }- X0 D: O' B- o( \2 D: u; k                    2-Storey     2006 Q3     2005 Q3       Condo
4 O2 ~: `( H: o2 S* ?    Market          % Change     Average     Average    % Change
) K- K3 L* I# w    -------------------------------------------------------------
: ?5 _5 w8 \/ m: |+ n/ ]    Halifax            -0.2%     142,000     103,000       37.9%2 K8 K( C  V& q5 E+ F
    -------------------------------------------------------------5 J3 D; H6 ]0 }, k( `1 Z/ ]
    Charlottetown       2.9%      98,000      98,000        0.0%2 Z) s9 |2 A9 c8 X9 h: |8 M" @
    -------------------------------------------------------------
% x: E2 L8 j0 e! ^    Moncton             4.9%           -           -         N/A! L2 }* I" e; _/ A$ i
    -------------------------------------------------------------& d; ]/ b4 S; z5 C& v7 k
    Saint John           N/A           -           -         N/A
0 c( c: T3 v: O/ i    -------------------------------------------------------------
  S; t9 W8 c7 z( H# l& M9 H    St. John's         -0.8%     146,333     145,667        0.5%
; |+ x$ \* s9 A) |    -------------------------------------------------------------
7 l1 y7 l0 x5 _! g. u  l& D  K    Atlantic            1.3%     128,778     115,556       11.4%
  Z+ a- N+ w, _2 T    -------------------------------------------------------------# a3 |  ?) T8 y2 w. A8 c: M
    Montreal            1.6%     193,190     188,016        2.8%6 u' B1 U6 U1 M7 X; v& |
    -------------------------------------------------------------
1 \' g, q3 K1 y6 X# n/ O& r    Ottawa              4.5%     181,083     172,250        5.1%+ w, a& |+ ~9 p/ \5 V. J
    -------------------------------------------------------------% g" E& I' G# p" b
    Toronto             1.4%     252,088     242,918        3.8%0 U! H( m* i9 z+ F$ q
    -------------------------------------------------------------
2 y6 H# U6 v( P( x& P1 K* ~0 T    Winnipeg           12.0%     105,648      96,008       10.0%
6 d+ d& H6 B+ n    -------------------------------------------------------------
2 U0 x3 j. o6 T8 V    Saskatchewan        9.7%     106,250     101,000        5.2%3 R& I5 U$ z% x1 _* d2 V+ }+ d
    -------------------------------------------------------------
1 e' M8 V5 M! o% f5 g+ P    Calgary            53.5%     245,844     153,867       59.8%
  X9 V! _2 j( z2 ~* h2 n: M" P8 t& F    -------------------------------------------------------------
, w& x+ E: Z3 P0 w; k) S    Edmonton           53.1%     200,433     131,500       52.4%+ G0 Q. x' G# E
    -------------------------------------------------------------! |+ J1 l, }5 e! c! P! V
    Vancouver          13.8%     366,250     323,250       13.3%) I: N1 p, X5 n2 N3 y
    -------------------------------------------------------------' Y1 O. p7 i0 ]  a! I
    Victoria            3.1%     229,000     220,000        4.1%
6 U/ V( s3 u" S" p- g! b7 `    -------------------------------------------------------------
& {' n4 D1 b0 w& |- a( r1 F    National           13.2%     211,562     185,296       14.2%' e% u7 Z& L  E& Y& P
    -------------------------------------------------------------
' D- v9 l4 G# g    >>
" y( \* {& z5 P
# N* b  m) `6 Q7 V5 O+ Z& n0 D* \    Average house prices are based on an average of all sub-markets examined' e" M! R8 A3 a+ ]/ L: K
in the area, except for the smaller markets of Charlottetown, Moncton, Saint
& h* \9 [! E4 R2 }5 rJohn and Victoria.) P& b7 A( Z& d! a( U# C
* R6 u! l, Q5 j2 p
    The Royal LePage Survey of Canadian House Prices is the largest, most& P! u5 }# A2 E
comprehensive study of its kind in Canada, with information on seven types of: V! v8 P" F0 T, `
housing in over 250 neighbourhoods from coast to coast. This release
, ?9 I2 @) u1 \- X: e2 G5 J3 treferences an abbreviated version of the survey, which highlights house price
4 \2 @' l0 {/ d8 q; B) R5 atrends for the three most common types of housing in Canada in 80 communities
$ O$ C  ]' t4 Z; @) Lacross the country. A complete database of past and present surveys is( S- C' A6 P2 _) r3 J7 E
available on the Royal LePage Web site at www.royallepage.ca, and current6 c( e. K1 A4 j* z0 j% l$ F# D8 D
figures will be updated following the end of the third quarter. A printable
2 Q, ?+ V8 U4 D  w# Q$ \version of the third quarter 2006 survey will be available online on
( @, W( S* N9 m- |4 g& q) |7 Q+ mNovember 15, 2006.
4 A) u( s6 N: E7 l' O    Housing values in the Royal LePage Survey are Royal LePage opinions of
8 G( Z( p% `! P# [# Y0 }fair market value in each location, based on local data and market knowledge" B. Q5 j2 X. l' j
provided by Royal LePage residential real estate experts. Historical data is3 C- b8 b' T% B! t! I
available for some areas back to the early 1970s.
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