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Canada's housing market both vigorous and stable - |! ~, {. R; D# T! u
+ m' \! O7 I: C# l- Country's market poised to show growth throughout 2006 -
# C5 f; ?" D" L0 H W# ^( p% i: g1 G- m
TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market
, d5 d) C6 k6 U, wexhibited moderate price increases and stable unit sales during the third# ]: n0 j/ d r6 h
quarter. Wide regional variances continued to be the dominant characteristic
4 _' h+ c, }/ ]( K2 X4 zin the market, exemplified by frenzied levels of activity and double digit0 t8 t+ I: ^9 @6 _5 h$ S
price gains observed in the energy and commodity rich Western provinces, and
9 C# Z j; U% Z# W# Z" f+ }more reasonable sales volumes and moderate price appreciation in Ontario,7 l5 Y! ^) d' U( y# g
Quebec and Atlantic Canada, according to a report released today by Royal
0 E9 \* Y, r+ m* h1 wLePage Real Estate Services.
) X% t- V9 W c+ ]7 [
! J) P# B6 w" {' U. u% y Nationally, market trends established through the first three quarters+ Z8 E* a( V/ ?; [) t- M1 U, m
are forecast to continue for the remainder of the year. Robust economic( e2 p7 s" P! ~) K4 s& c
conditions, low unemployment rates, modestly growing salaries and wages, and/ v% e& z" ~- E T6 i1 U5 {
sound consumer confidence contributed to the overall strength of the
/ \9 L2 r% P6 Q7 F7 B1 xresidential real estate sector.+ K0 `( l7 m! u+ w
- }% O3 Q8 `# a( y$ _& }0 O& P, g
Of the housing types surveyed, the highest average price appreciation
! a6 X$ D- z D3 R8 qoccurred in detached bungalows, which rose to $300,365 (+16.3%)+ I; v3 d6 X* c! L
year-over-year, followed by standard condominiums, which rose to $211,562
& V' _! r# M6 q# D6 }! C- U(+14.2%), and standard two-storey properties, which increased to $365,3805 d' h# j5 J' U0 y; _
(+13.2%).7 @, f9 v0 S' Y
8 `5 C ]( A7 T
"Canada's sturdy housing market continued to demonstrate steady growth
# M6 I2 p% a0 ?during the third quarter. For all but the west, we have moved on from the
7 F9 U/ ^5 N L! N: E) M* xfrenzied expansion that characterized the first half of this decade, and are
; I9 t& b5 N& q. ~3 Kpoised to show continued growth at a more moderate pace," said Phil Soper," Q7 U; g- Z6 F! ]
president and chief executive officer, Royal LePage Real Estate Services.
0 Z. }, N8 l2 {; U+ b, t6 W"Gone is the sellers' market that we have lived with for some years. We1 x1 S, O# C" s: K& G
welcome the more reliable conditions that are characteristic of a healthy& B' ~( a! ~7 @+ n* H# S( c( A
balanced market."" L o5 _2 o/ M. h- K
6 ~& G' _+ S% b" L9 P$ r Despite the double-digit rise in average national house prices,) @9 ?7 ~% t+ q9 J: _
considerable regional variances were exhibited again this quarter. The shift
1 T8 d5 l( E* ?" d) Jto balanced market conditions, which began in late 2005, has continued
5 h9 E+ L8 ]5 d# gthroughout most of the Central and Eastern regions of the country. In the core
! \/ w: O. y c+ I" n( }- m: Qenergy producing western provinces, the combination of very high in-migration,
8 u5 ?$ {( _" j$ Amanageable affordability, and a shortage of inventory has driven record
" F" ^5 s( ?8 x- D( Abreaking price appreciations.
( J/ E) G$ P! w6 z$ G6 I
1 Y6 F2 U" h8 R4 ?8 A Echoing the second quarter and supported by Alberta's rapidly expanding
4 n# a# m/ j' m7 O) Aeconomy, Calgary and Edmonton led the charge of Canadian cities with the a1 @8 t9 r: J/ u6 `8 l( }6 X" x
largest house price appreciation in all housing types surveyed.
2 Y8 L* G6 Z) |
* D2 _( w- ?0 T( [7 h4 R" B In Ottawa and Toronto, growth remained steady, supported by solid
1 _0 c% D* L0 X. `3 m2 k Geconomic fundamentals, an increase in available inventory and strong consumer, [( ^0 ?0 J. C+ \+ X1 t
confidence. While the pace of price appreciation in Ontario leveled off
; o6 w/ D' x' Q t3 E+ `slightly, the province's real estate market remains poised for modest growth.1 I" C' x6 M* a8 e% D& h
In Atlantic Canada, new housing and condominium construction offered buyers1 Q% w, R, G3 ^2 m5 n% K4 o
greater selection at more competitive prices, resulting in a slower rate of
4 I( s( d+ Z! d8 f# { D; Nprice appreciation when compared with 2005.
: f. ~. N/ A. C
) ]* ?$ E5 }# U. M While the pace of growth in Canada has slowed, the domestic housing
; J1 ~4 q" d7 F, d/ ?, emarket is expected to outperform the American market. The economic and* N' Q5 \! {5 Q
financial fundamentals driving the residential real estate sector in Canada
5 ]1 i2 h7 T' a. |; Uare markedly different than those found in the United States.7 R/ u! H$ y$ k1 w- u
. h( C+ M0 F& U4 p9 h Added Soper: "Canada's housing market is likely to outperform the
6 e! S* p: [0 K& j" [2 C( \+ j- a* ]& `American market through 2007. A number of factors are working in Canada's6 x2 H8 g) U ?* k3 ]
favour, including healthy personal and governmental debt levels, the( k9 a7 O$ b3 D6 O
relatively modest rise in interest rates in our country, and general8 i, y" P# I: ^7 D: H
affordability in our major cities. In addition, Americans are now seeing the/ ^9 K5 W+ J+ m# f) f6 q ]
downside of a tax system that encourages maximum homeowner leverage, and
& p4 M V% e- ?* r E3 G9 z, Maggressive financial products such as zero- and negative-amortization
4 [- G- i6 Y9 U& Q. O+ m) m+ Emortgages that work only in a high price growth environment."# J! }* ] _, v% O6 I4 q0 D
% Y* Z6 t) S3 @3 l: J <<
; f& j2 `: {( N4 A. u1 M REGIONAL SUMMARIES9 i% C% T/ m. v; K
>>
% L# @& H6 K( ^2 R j* m O# M/ X% U" Y: K( V
Balanced conditions continued to characterize the housing market in* v; |( D' s- B& {, }( ^8 P
Halifax, as significantly higher inventory levels helped to moderate the rate
# h/ x6 e4 g! }: [6 t# h o6 q1 r' Aof price appreciation. Buyers were increasingly choosy, taking more time
5 D' p% S# c7 C4 {1 Clooking for newer, low-maintenance properties that were not in need of" ~/ h& P/ T" Q
renovations.( ?+ C h2 @; W
. v; O9 G {. P( S# }+ y! d+ p The housing market in Moncton remained healthy and strong as a slight
$ Y3 P/ Q3 m* c4 \0 Fincrease in inventory helped to moderate the rate of price appreciation# \" [) I* d3 t2 d! `
compared to the same period in 2005. Activity was brisk throughout August and+ @8 ^4 A0 J: g& B. F* r) w
September and is expected to remain this way through the fourth quarter.
; ^+ S0 s- H0 a6 f4 e5 Z; Z* ^; p) D/ s1 x$ o( T
The housing market in Saint John underwent its traditional summer
, _/ {! | n$ O/ ?" g2 m( Xslowdown in the third quarter, with activity picking up towards the end of the1 \, r5 x" z$ t0 G+ @6 j
quarter. The local economy continued to thrive, as construction on a new
! y4 ^; M( L/ w! O% P( ^600,000 square-foot shopping area has begun, bringing several new box stores- y0 s6 E+ L/ d- l
to the area. Buyers have begun seeking less expensive fixtures for their homes
2 s4 l4 p8 F* O1 `and are instead opting for more affordable housing options.
+ C: b5 [/ H4 x& X7 n0 [% k8 |% h4 u' B
In Charlottetown, the housing market started to move towards balanced: u8 T1 P9 `9 a8 ~
conditions, as some sellers had to begin to lower the asking prices on their' R1 h* ~2 K% g4 G ~2 X4 a0 a4 t% T# Y
homes to make them more competitive. Activity from out-of-town and US buyers
8 ]) X3 e% S* Y9 D7 Y" kwas down slightly compared to 2005, likely attributable to the strong Canadian
; x- x' R8 X6 |' k& K2 Cdollar. Inventory levels began to creep up in the third quarter, providing. M$ {! i2 s: X- N
buyers with more options when looking for a home.& I' ~9 {9 a+ H5 |! m% {- k+ P
1 }* W7 }# g9 H9 W: P9 } s Activity in St. John's slowed slightly in the third quarter, particularly
2 C" t5 w: h: t5 Y9 oamong higher-priced properties, where there was a slight over-supply of homes
6 u+ J" D* l6 Y6 Mpriced over $200,000. Listing periods have increased when compared with 2005,# i1 A. O+ L$ G9 ~9 O
as some of the pent-up demand that had characterized the market over the last1 {6 ?8 g# W/ v
few years has been satisfied, resulting in more normal, balanced conditions.
' a5 G: r: W' }0 Q7 [9 o- ]' b1 V; a$ n, S- q4 s* n( N. w
Montreal's housing market recorded modest increases in average house9 z9 c# p3 z7 [ N2 s' s
prices, due to a slight seasonal slowdown in the third quarter as inventory9 Q( W8 y4 h5 N& D" s' H
levels rose. Part of this can be attributed to the fact that many renting; b6 j( b& |5 f; p, S# M% |' ]
first-time buyers were motivated to close on the purchase of a home by July 1,
: I6 Y- {/ T" w( @) O2 zwhen rental leases expire in Quebec. Once this date has passed some of the; l* h! B' z' L1 |# R
pressure is taken off the market, allowing buyers to visit more homes before* V5 A6 Y+ X, @9 g' @+ y; \
making a purchase.5 _; v) n. M- b( E8 R# ^# b8 {9 k
7 Y8 E" v6 \9 \' E r0 S# v
Ottawa held its position as one of the country's most stable housing2 }( D9 Z# {0 a1 A) i% H
markets in the third quarter, reinforced by a vibrant local economy and strong7 G8 u4 J) l( L7 G: B( o
confidence, resulting in modest increases in average house prices. The city
2 g4 e7 p& V* ^+ ^6 X, Qcentre remained a bright spot in Ottawa, with homes in this area attracting6 P% o! B+ \/ V/ z& }
attention due to their convenient location and proximity to downtown
2 I* |/ k: }+ c, R( @" `amenities.
/ G& J' X5 f9 V1 E% U7 S5 h
1 @% Z+ g G3 x: I. a9 p5 `. P: r The housing market in Toronto sustained healthy activity levels
0 K( f* _& S8 ~! M' Sthroughout the third quarter, as a strong economy helped to maintain demand
$ Q/ q& V) n7 y* Uacross the city, causing average house prices to rise moderately. Toronto has' h* P8 f# ^' \3 j: h) p. v& }
continued to experience modest growth in average house prices, and has been
0 C( ]% _' d( a3 R# idriven primarily by purchasers who are buying homes as their principle% O: w% e- P( `5 F
residence, rather than for investment.7 Z. D7 v9 D+ u
1 Z. B: x0 z% Y1 g+ `
The vibrant Winnipeg housing market continued to show its strength as6 M0 Y8 J/ b8 v
house prices rose during the third quarter. The booming local economy resulted3 b& f! |, V% j; ~0 m
in a historically low unemployment rate, helping to bolster consumer3 [9 R1 E9 e8 R" P: ]0 H; V" v+ @! e
confidence and Winnipeg's ranking as the city with the lowest capitalization
X0 ~4 @3 P3 N* ~rate among the country's larger cities - helped to encourage buyers to enter$ q3 p7 L9 e7 ` P% D# J
the market.: l' z- E- O' G$ P. t/ U8 Q4 Y" ]3 J
; ]3 i: y- R) P* J+ q `
In Regina, the market experienced a slight seasonal slowdown through
5 [2 O( n, V4 o9 x& T% cJuly, as there were fewer purchasers in the market due to summer vacations. In; X3 W7 V0 S3 g" R2 F
August, activity resumed to the busy pace previously seen in the spring
$ c2 ~) C+ l% R$ u- Amonths, as the influx of purchasers made it more difficult to find a home due
1 v9 |0 [% p! q% M9 a j; ]to the shortage of available inventory.2 d' L" j3 G- N/ L( Q1 L1 [ j
2 ] c* ^% @& D3 `3 U% C
Activity in Saskatoon remained brisk as the market maintained its3 B: y0 I, L& K Y- k
momentum from the busy spring sales period. The economy in Saskatoon remains, i) a& H, ?6 o$ A
vibrant, as employment opportunities are abundant with many businesses
9 x4 z! }% _) I# Gstruggling to make hires and having to recruit outside the province." ^4 o' [3 \* _) ]7 f
7 L& C1 j3 F0 Z8 p' Y7 N% i, j$ ^$ i
Calgary's housing market recorded blazing average house price increases
! N$ c P5 h1 o( uin the third quarter, in all surveyed categories. The burgeoning economy, low; ^% _- x, o: k) u2 x7 `% j
unemployment rates and low inventory levels remained the leading factors that
2 P; W. N0 I- s& t# spressured Calgary's house prices upwards. However, regardless of the soaring
3 F4 h: G$ x4 f; h9 ]* u# I2 |prices that characterized the market - even during the typically slower summer
; z+ S) M G4 w3 P P+ nseason - it is expected that activity will become slightly more balanced, as7 y# e% i! ~3 D, K7 ^
buyers are becoming more reluctant to participate in the frenetic activity.( f) R. `/ D" g$ [) x( L, }; [
0 G& m0 K) w p Edmonton's booming local economy continued to thrive in the third quarter
/ R/ t: r5 j/ qas activity in the oil sands north of the city continued to flourish. Edmonton$ L2 {- g+ @+ T3 z- M
remained the hub of activity for those coming to work in the oil industry,
8 ?. R( s$ G6 L7 N% B4 Vmaintaining tight inventory levels across the city, resulting in prices1 s2 ~/ z! Q$ I1 `( k6 x, P
increasing at record levels. However, as inventory levels continued to improve
- {7 \% D& F. o$ Win the third quarter the rate of price appreciation should moderate slightly4 U; y# Z3 C; @, h: S$ y% y" n
towards the end of 2006.
/ Q! a+ P* I/ i$ k: f1 a* |* B3 F
0 f' w5 z, H; [4 J. ]( q; d* S+ MWhile Vancouver has seen a slight reprieve from the severe shortage of
# Z3 w0 g0 L8 ~, A( tinventory that had previously characterized the market, supply is still unable
: s& V$ F/ `0 D! _to meet demand, driving house prices upwards. Vancouver has a very diverse9 U: v: {, \7 }* ^0 z2 E: G
group of active buyers - from first-time home buyers to baby-boomers to3 `+ p5 Z8 _3 ]& ~3 L0 }
foreign investors - all of whom fuel the demand for houses, placing added0 U0 `) Z6 S; P; @7 ?9 _8 _5 |
pressure on tight inventory levels.
6 \; x' [* e7 L( |+ E# i8 M
6 X, B7 l Y0 x) h Victoria's market is vibrant and supported by strong economic
9 K+ Y( y+ r0 Y" cfundamentals, fuelled by a booming tech sector and a migration of young people
; B0 t1 Z9 n) o8 Yinto the city that has continued to support the area's house price increases;
% D% F$ c1 D5 {, U. E, ^ twhile increased inventory levels have afforded buyers more time when searching- B! |/ L. J6 c1 A; G
for a home, helping to normalize the market's pace.
) n7 h3 `- T5 Y/ a* y7 {: h! c3 X
<<+ \7 V z C3 L; N& e6 S/ A3 ]; b
Survey of Canadian Average House Prices in the Third Quarter 2006
% E, n" f: y6 c z: J6 f: M
* ]& c) ^( Y9 z- n- K5 d( w -------------------------------------------------------------------------
$ F2 q2 I. E9 s% s( `" c Detached Bungalows Standard Two Storey; K/ v9 D6 n' f6 U* F( P4 O" D: G
-------------------------------------------------------------------------
% Y0 E: f' D& q; {4 A# _ 2006 Q3 2005 Q3 Bungalow 2006 Q3 2005 Q38 w% e3 t, C0 Y8 F" k
Market Average Average % Change Average Average
8 @6 U7 p* B; M6 N1 I5 d+ \ -------------------------------------------------------------------------! e, Y/ q6 |, K; W7 H- \7 G
Halifax 186,333 173,333 7.5% 198,667 199,000! T* x7 Y n/ N( b; c8 v% L
-------------------------------------------------------------------------
( I" H& [: P! ]1 S7 I" ~# [ Charlottetown 145,000 141,000 2.8% 175,000 170,0006 O* c- Y+ s$ ]* `$ \
-------------------------------------------------------------------------4 M+ i! ]: o, e2 s# K. u) q5 p9 o
Moncton 135,000 127,000 6.3% 129,000 123,0009 D$ w, A, O$ y9 d
-------------------------------------------------------------------------
( ^9 `' x6 E& ^# f1 K6 O6 U2 P Saint John 141,200 142,900 -1.2% - -
5 q; l& {2 l% H5 l2 h/ ` -------------------------------------------------------------------------
+ W# X# A# Q+ Z3 J5 m3 d St. John's 143,667 142,667 0.7% 200,667 202,333
" o6 s: u. Y4 O! M# ` -------------------------------------------------------------------------
- F- h4 y6 `& c$ W: L2 Q" ^ Atlantic 150,240 145,380 3.3% 175,833 173,583! a/ j: M. T; E4 W
-------------------------------------------------------------------------
7 O4 r+ Y* w' A* J& a, R6 j Montreal 213,691 203,500 5.0% 321,141 316,185
8 L" b4 z; ~, _; f% i -------------------------------------------------------------------------
- w1 n# j) D' f( I. P- M4 t; P Ottawa 290,083 278,417 4.2% 285,667 273,250
" z" J& {9 N+ |: g -------------------------------------------------------------------------% J: ?% l( |# j: F8 F: b7 ^8 C
Toronto 373,368 355,882 4.9% 481,523 474,766( _3 @% \, U- |# R2 {2 r; ]
-------------------------------------------------------------------------2 u: O6 o; D& b2 d; P' C% E$ E
Winnipeg 181,579 159,860 13.6% 202,337 180,7070 f% G- G4 L; f0 n+ D9 y/ G" a
-------------------------------------------------------------------------1 X8 p9 b+ M0 t6 A8 v7 l H
Saskatchewan 170,667 156,083 9.3% 182,600 166,500
+ o3 M9 [. q/ m$ H -------------------------------------------------------------------------
) U0 E1 ?7 a) Y- Y" v+ c Calgary 395,067 252,411 56.5% 405,778 264,389
) O- W2 A. N2 h4 a _4 |& S. G' o -------------------------------------------------------------------------
u9 d" }' i) l1 i, A Edmonton 286,857 194,857 47.2% 316,429 206,714
$ ?6 C% }- s* w -------------------------------------------------------------------------+ |" n0 u3 W$ r8 f9 Q% f
Vancouver 704,250 601,000 17.2% 794,000 697,500; @7 J5 {) i0 d+ `' p
-------------------------------------------------------------------------
0 F( C: j6 Y. e: ? Victoria 375,000 348,000 7.8% 403,000 391,000+ B1 u$ T2 B+ n5 e; a
-------------------------------------------------------------------------& G4 k! _- T$ D' [5 J5 e
National 300,365 258,202 16.3% 365,380 322,860) ~6 l! ?( z. e" h3 S$ C X F
-------------------------------------------------------------------------0 L5 S% a. @: P1 q
% z) d, Y' |; M. L6 c! `
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9 }* _1 c- a: ? L Standard Condominium k$ R0 }9 U; s% O% A0 P- l m
-------------------------------------------------------------
# A* t+ f7 U" I' @0 i$ ^# j 2-Storey 2006 Q3 2005 Q3 Condo
$ j& a( l5 h9 ? Market % Change Average Average % Change' L3 i( y# E% B3 y8 s1 J8 D
-------------------------------------------------------------
7 ?/ q. o0 N& W6 g9 o0 D" y Halifax -0.2% 142,000 103,000 37.9%
6 o* B4 I+ r# D; f4 g+ w -------------------------------------------------------------4 ]8 ]" O5 @2 R" j7 {
Charlottetown 2.9% 98,000 98,000 0.0%* ]6 P7 d) P0 F- Z) o7 c3 _
-------------------------------------------------------------* |, ]( ?) d Y/ _! n+ k
Moncton 4.9% - - N/A
! p8 R8 v% d! r& ] -------------------------------------------------------------, W6 l: x/ W. a
Saint John N/A - - N/A
. L6 m2 G4 d: _1 O( C -------------------------------------------------------------) K+ g$ T; R* s* N' E7 M5 X
St. John's -0.8% 146,333 145,667 0.5%' j8 U+ G5 N e3 ?
-------------------------------------------------------------5 h( b; M8 O) b
Atlantic 1.3% 128,778 115,556 11.4%
9 b) |' q! O, T1 `) S' g -------------------------------------------------------------% b& ^* B& X; P4 G5 D2 C9 n
Montreal 1.6% 193,190 188,016 2.8%
9 E& r0 Y9 x' d$ |3 c+ }/ Z2 e -------------------------------------------------------------% C0 M8 u" L/ a) A+ o$ U
Ottawa 4.5% 181,083 172,250 5.1%
# v7 m5 F& o( A5 ^9 c. `* j -------------------------------------------------------------
5 o" F: H8 ?+ R6 ? Toronto 1.4% 252,088 242,918 3.8%
) r- l" s: `6 R$ y8 z4 O3 Z -------------------------------------------------------------0 R8 e O/ e1 L( I
Winnipeg 12.0% 105,648 96,008 10.0%9 Y( C# X" O6 ^! t* E' X, P& ~) q
-------------------------------------------------------------
1 ~9 I# g7 q% j+ y$ x g9 L6 T Saskatchewan 9.7% 106,250 101,000 5.2%
1 Q% q" D s8 o! o% E -------------------------------------------------------------% s- _( s: w8 _5 S
Calgary 53.5% 245,844 153,867 59.8%
; U5 f6 H! H5 o5 K -------------------------------------------------------------
1 {* h- {8 n2 _ d Edmonton 53.1% 200,433 131,500 52.4%( f+ N: A4 {2 b9 q0 W5 l
-------------------------------------------------------------
- _ y: J0 l# ?7 {! N. D0 k Vancouver 13.8% 366,250 323,250 13.3%
6 ^5 J2 C# g/ z- f) k3 i -------------------------------------------------------------& A5 L& G8 p7 X u/ M7 x
Victoria 3.1% 229,000 220,000 4.1%
$ ?5 a* Z+ M D# j -------------------------------------------------------------2 @* [ E3 }$ ~( f: b7 M
National 13.2% 211,562 185,296 14.2%
6 K7 [1 h* r/ R4 I -------------------------------------------------------------0 ^4 b! Q" ]6 e$ }* d& e! M
>>
5 p7 z$ D+ }' Z, C( {' I/ L: M0 ]( V( Y+ U/ A8 a' E
Average house prices are based on an average of all sub-markets examined3 j! r$ V. t! B
in the area, except for the smaller markets of Charlottetown, Moncton, Saint
" {( H; f7 Y' j0 F3 r5 NJohn and Victoria.2 ~, `% K* G# o7 O/ U$ y- W9 t
% M& f) Q/ L6 N f, r# K7 j5 B: f The Royal LePage Survey of Canadian House Prices is the largest, most6 B4 ?/ x3 Z, F$ R1 t
comprehensive study of its kind in Canada, with information on seven types of
3 |9 \1 W4 p4 i/ M7 `housing in over 250 neighbourhoods from coast to coast. This release' |$ O- H; b' H I
references an abbreviated version of the survey, which highlights house price- r( I0 s5 V+ V. e. M" T
trends for the three most common types of housing in Canada in 80 communities
6 }) y# f9 v, Y2 M* ]. d# k. C- a0 Wacross the country. A complete database of past and present surveys is' T. {' _0 u* e* p2 Z$ B$ G2 ? S
available on the Royal LePage Web site at www.royallepage.ca, and current! u" Y1 z0 A2 \+ E8 P1 I9 J
figures will be updated following the end of the third quarter. A printable
% j% S( s' B9 ? A' k! Dversion of the third quarter 2006 survey will be available online on, e. Z$ A' }4 i! G; z5 [
November 15, 2006.
5 _2 o4 B+ F" v- E* n, r0 J6 F# v+ g Housing values in the Royal LePage Survey are Royal LePage opinions of
, I+ p3 ]) o& v# r7 [9 D, G6 H3 ~fair market value in each location, based on local data and market knowledge( r5 q, J) Y0 ^( }" B) D; p
provided by Royal LePage residential real estate experts. Historical data is
2 u: X D7 z' I) W4 l2 J3 ?available for some areas back to the early 1970s. |
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