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Canada's housing market both vigorous and stable : z' z* }# x2 N3 h& u* F
8 a |/ Q% m1 \0 `
- Country's market poised to show growth throughout 2006 -( c* S5 N: _1 b' J
, v/ O& q0 s4 l3 r TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market
2 W+ n8 i/ L+ c) d3 g* U( [, wexhibited moderate price increases and stable unit sales during the third% Z; w8 A' \7 O+ P% _
quarter. Wide regional variances continued to be the dominant characteristic3 H! o. G/ B! Y3 l O% e9 H+ b
in the market, exemplified by frenzied levels of activity and double digit
/ g1 x. Z* }4 e3 a- kprice gains observed in the energy and commodity rich Western provinces, and
& V" C* A! A& Jmore reasonable sales volumes and moderate price appreciation in Ontario,
5 \* f: _; g* t3 O; j4 s( ?Quebec and Atlantic Canada, according to a report released today by Royal
# K) ], c6 F! j% {, E) DLePage Real Estate Services.
' H) M9 E( K3 F9 O+ R! g8 a6 I& p- Q% X% F5 b( u/ Z) [5 U$ ?; n
Nationally, market trends established through the first three quarters
1 o; Q" u0 |) p- f, J8 }6 sare forecast to continue for the remainder of the year. Robust economic9 ~+ u* ^ ]1 O) E* a
conditions, low unemployment rates, modestly growing salaries and wages, and: b$ C2 o8 N' i& x: r9 T
sound consumer confidence contributed to the overall strength of the
+ \; f% t' l6 Yresidential real estate sector. O! ^" @$ |' }
6 S' _; ]3 W0 ?4 Q' D1 x
Of the housing types surveyed, the highest average price appreciation. H q6 B' w( e% v, s% d
occurred in detached bungalows, which rose to $300,365 (+16.3%)
( N" `' q$ j7 t0 C( ]: m& Y, }year-over-year, followed by standard condominiums, which rose to $211,562* Z0 T3 z6 ]9 [% B" } n
(+14.2%), and standard two-storey properties, which increased to $365,3802 A! F( U! F( H9 j# E7 l% ]
(+13.2%).
7 n+ d' W1 ~) f! |6 u9 ^. p8 r5 o1 C6 W
"Canada's sturdy housing market continued to demonstrate steady growth/ N* I; A3 w+ E$ f8 E! Z
during the third quarter. For all but the west, we have moved on from the
' E# F! O T5 P3 |/ {; ?frenzied expansion that characterized the first half of this decade, and are
4 ]- ]# [, T4 e( @" L; x" kpoised to show continued growth at a more moderate pace," said Phil Soper,
5 X; ?8 V8 [: `( I) d$ npresident and chief executive officer, Royal LePage Real Estate Services." a' V# Z" v9 n K0 b
"Gone is the sellers' market that we have lived with for some years. We
% i2 g8 y$ h) }welcome the more reliable conditions that are characteristic of a healthy
/ C+ {7 X3 B8 | O' Bbalanced market."$ V* B0 x v! v# B# q+ n
( }. m8 L3 f5 [& F. I( ^9 \
Despite the double-digit rise in average national house prices,: e0 y/ g) p6 I g7 A& q6 v+ l% V: z
considerable regional variances were exhibited again this quarter. The shift6 E' \+ F6 A9 k7 Y& z
to balanced market conditions, which began in late 2005, has continued6 L$ I* e) _: `* j/ s8 g
throughout most of the Central and Eastern regions of the country. In the core M+ v. Z& W' {* d# F, M' f8 G6 l
energy producing western provinces, the combination of very high in-migration,: V& M) Q4 ~% u8 P
manageable affordability, and a shortage of inventory has driven record
- T1 _4 ?- V+ H. G) ebreaking price appreciations.
4 E6 O2 L* ?. a/ W: y R6 }* A) d# x, T
Echoing the second quarter and supported by Alberta's rapidly expanding5 i; C- M! K# n$ J; N) j
economy, Calgary and Edmonton led the charge of Canadian cities with the) b; `' m# y0 l; J" E2 j1 V Z) p- G
largest house price appreciation in all housing types surveyed.6 S7 y( k1 \ P# U! X* l: ^# ]8 A
& ]: k7 ?$ S0 b& ^2 t: q# R$ r9 B4 ^' C6 n In Ottawa and Toronto, growth remained steady, supported by solid7 A* S( h9 ~% X
economic fundamentals, an increase in available inventory and strong consumer8 z+ G% n& R/ k0 I, @$ Q
confidence. While the pace of price appreciation in Ontario leveled off
# A/ m* ^ ^% w9 [slightly, the province's real estate market remains poised for modest growth.
/ l# H8 v; {& P t! ?- l1 XIn Atlantic Canada, new housing and condominium construction offered buyers
4 x+ c; M( u9 g' w) G6 v, hgreater selection at more competitive prices, resulting in a slower rate of
7 T# D/ j, I3 l% Z. }& B( ?+ }, D! kprice appreciation when compared with 2005.% k; Q$ a4 U% }1 ?
8 q# H- s3 g6 s2 h* m( `
While the pace of growth in Canada has slowed, the domestic housing H8 q* T8 S* h- Q" q
market is expected to outperform the American market. The economic and
; W" D6 j$ H5 Sfinancial fundamentals driving the residential real estate sector in Canada+ O( R6 ~( @. G& G' G
are markedly different than those found in the United States.8 p0 i" h: V- a( a% W, n0 X
: R! e, Y1 }% `2 g3 K+ h) a9 q
Added Soper: "Canada's housing market is likely to outperform the
% P/ \" }; H# F9 m! IAmerican market through 2007. A number of factors are working in Canada's- `+ d6 _5 ^! W7 v% C, t
favour, including healthy personal and governmental debt levels, the
, f( h4 F" p1 u, }6 d2 h: rrelatively modest rise in interest rates in our country, and general
3 z" i, k+ `, ?5 |9 A4 T* D1 laffordability in our major cities. In addition, Americans are now seeing the+ P; J9 T, e( N/ b6 ?
downside of a tax system that encourages maximum homeowner leverage, and" b" ?* Q0 D- l0 F6 S/ b
aggressive financial products such as zero- and negative-amortization: G$ ^+ a, m' b7 S. l
mortgages that work only in a high price growth environment."1 {! f( k. K4 ]4 ^" |# d t
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<<# K& r! e! j0 O( V* G1 M |1 r
REGIONAL SUMMARIES5 ?% H7 C( i( g# M. R4 [
>>
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Balanced conditions continued to characterize the housing market in0 s! Y$ U+ T; [' V. o( X
Halifax, as significantly higher inventory levels helped to moderate the rate
% {3 ], ?" S+ w, [7 t5 Hof price appreciation. Buyers were increasingly choosy, taking more time
& t8 I+ H( P- {0 o3 {looking for newer, low-maintenance properties that were not in need of
& o, A0 v7 f8 `) r! Y; _renovations.
0 w9 T2 J9 k4 z9 z$ u/ V+ i$ ]8 }
The housing market in Moncton remained healthy and strong as a slight! ]" r: W- C; b/ u) o
increase in inventory helped to moderate the rate of price appreciation+ F, r( c6 u2 d9 H8 m- h u
compared to the same period in 2005. Activity was brisk throughout August and
3 I; f# d. x; N2 u g6 \6 x) s. USeptember and is expected to remain this way through the fourth quarter.6 z" M* E; M( r
6 X. I1 c* s: u7 A, ^. T! x! K
The housing market in Saint John underwent its traditional summer4 O- t4 R4 R/ n; b3 F8 f3 i
slowdown in the third quarter, with activity picking up towards the end of the
3 @ S2 N) h" ]quarter. The local economy continued to thrive, as construction on a new
0 K1 [, \' {. K T; Z, x600,000 square-foot shopping area has begun, bringing several new box stores7 O1 e8 G" r9 _
to the area. Buyers have begun seeking less expensive fixtures for their homes
3 a5 Y) @" U) F) u1 m- jand are instead opting for more affordable housing options.0 r% G* i) L1 H( W1 e/ R) `
' A5 N" d5 T0 w# q5 }3 j6 _8 P In Charlottetown, the housing market started to move towards balanced
- i8 f* S+ \1 z5 F J Wconditions, as some sellers had to begin to lower the asking prices on their
: }( M$ t: Y- d( q' e' N$ ?# mhomes to make them more competitive. Activity from out-of-town and US buyers
" _# i0 Z" c5 O: l# \) R( K1 Kwas down slightly compared to 2005, likely attributable to the strong Canadian
. X, F+ B2 L, r0 qdollar. Inventory levels began to creep up in the third quarter, providing Z A9 p: W+ l5 `# B
buyers with more options when looking for a home.: l3 l7 @( _" `0 g+ ^3 S
! A t: n9 L+ A8 B; e
Activity in St. John's slowed slightly in the third quarter, particularly1 F: ^4 F \- ]% O
among higher-priced properties, where there was a slight over-supply of homes
5 `: f- k. a& v& a4 {4 |+ y+ o9 rpriced over $200,000. Listing periods have increased when compared with 2005,
, M0 t& J) P j i+ w$ ~( `2 Y! Has some of the pent-up demand that had characterized the market over the last5 t* U5 M! S S# t
few years has been satisfied, resulting in more normal, balanced conditions.6 Z% m7 {$ |9 V( h D1 W
/ F! U( t8 L9 E/ ~' q# _ Montreal's housing market recorded modest increases in average house
- O: g* B6 {$ j' c8 B& rprices, due to a slight seasonal slowdown in the third quarter as inventory8 @& ^" E; P+ c; R2 t
levels rose. Part of this can be attributed to the fact that many renting
* Y9 H; N" |' Z9 D" yfirst-time buyers were motivated to close on the purchase of a home by July 1,
5 H6 L4 y" U) U! Y9 J5 Gwhen rental leases expire in Quebec. Once this date has passed some of the
/ T& _, l8 A3 |; y( @) Q' `pressure is taken off the market, allowing buyers to visit more homes before
& M" d. ~) G) [/ t+ \( z! G* Xmaking a purchase.6 i* V+ v Q' l& k" r" @' [3 y
" b( g0 @7 j' }- `' U6 ]# m
Ottawa held its position as one of the country's most stable housing
* L, P6 S3 V7 ~+ u6 D6 N# n; wmarkets in the third quarter, reinforced by a vibrant local economy and strong; w, f+ m* u) [0 b
confidence, resulting in modest increases in average house prices. The city2 k/ y# h( [6 E$ I# @" F8 H
centre remained a bright spot in Ottawa, with homes in this area attracting
5 S* G0 A3 U4 r7 E( d$ gattention due to their convenient location and proximity to downtown. Z/ a6 a% P R i
amenities." n2 R. }! T3 P, F8 ~2 z2 A
% L" G! p b% T; ^; @: J The housing market in Toronto sustained healthy activity levels
6 H5 J9 W* s3 M D) Xthroughout the third quarter, as a strong economy helped to maintain demand; u/ U6 a a7 u: M& C* F
across the city, causing average house prices to rise moderately. Toronto has
8 v7 C4 A5 r/ z5 ccontinued to experience modest growth in average house prices, and has been$ N! ^, F0 p! A( y, ?4 U
driven primarily by purchasers who are buying homes as their principle
5 p& \2 ^0 F4 o( u Jresidence, rather than for investment.2 Y2 j0 Z% |6 ^8 P6 A4 p5 g
, z3 {$ k/ i0 G) s( a: L# x The vibrant Winnipeg housing market continued to show its strength as
5 c; Q/ \& |5 vhouse prices rose during the third quarter. The booming local economy resulted A- [/ |8 Q& r
in a historically low unemployment rate, helping to bolster consumer
3 y- `* ]# g+ p2 @, g! Qconfidence and Winnipeg's ranking as the city with the lowest capitalization
! m* c+ ~ p2 Srate among the country's larger cities - helped to encourage buyers to enter
0 l$ G3 a! | X, `. G+ F' v: Vthe market.
4 z- K$ g8 s+ ^% U0 Q' [. _3 w7 N
: Q7 w, ~# ]# J+ [8 H In Regina, the market experienced a slight seasonal slowdown through
! ~* \6 |0 `0 C9 NJuly, as there were fewer purchasers in the market due to summer vacations. In; C" H3 @* {, u8 l6 N4 ~
August, activity resumed to the busy pace previously seen in the spring& ?; H3 `) l, e7 L
months, as the influx of purchasers made it more difficult to find a home due
3 r6 |' Z, l3 b- kto the shortage of available inventory.
6 T9 ~! B) ^# C: z( P! |. _8 j& H0 z9 P" {# h
Activity in Saskatoon remained brisk as the market maintained its
# S$ G. q- x% C5 }5 S! U& A1 {" kmomentum from the busy spring sales period. The economy in Saskatoon remains# L# R3 [( W/ A0 d: x) x8 F. B3 H
vibrant, as employment opportunities are abundant with many businesses |$ ^. B) N9 z5 l. F
struggling to make hires and having to recruit outside the province.
2 ^5 n* ?" @( n& O4 s) {9 ]" w4 s- P
Calgary's housing market recorded blazing average house price increases
, E/ q4 |& p" b4 i y! c1 ain the third quarter, in all surveyed categories. The burgeoning economy, low
c+ b& c+ |- zunemployment rates and low inventory levels remained the leading factors that5 I1 m4 W, B4 U: j1 A
pressured Calgary's house prices upwards. However, regardless of the soaring y8 ?% E9 r+ _# C, T. F
prices that characterized the market - even during the typically slower summer
/ R' |( ^9 a* h w Y4 Tseason - it is expected that activity will become slightly more balanced, as3 a, X7 n5 G- w
buyers are becoming more reluctant to participate in the frenetic activity.2 s0 u7 |+ Q/ G: g% A( @9 A" g
$ ]2 g; z |4 A& }3 E1 T
Edmonton's booming local economy continued to thrive in the third quarter
$ q, N7 \$ E+ c/ M& T5 [# ]2 T, }as activity in the oil sands north of the city continued to flourish. Edmonton
5 t* q) p% u/ c/ @( D# Oremained the hub of activity for those coming to work in the oil industry,
+ A/ {: U0 {: c6 s% Jmaintaining tight inventory levels across the city, resulting in prices$ ^) u2 p! G8 \. `# _8 P# }' b
increasing at record levels. However, as inventory levels continued to improve) ~4 f v% X% f6 P
in the third quarter the rate of price appreciation should moderate slightly# R" D2 E3 i% H4 c. c6 `
towards the end of 2006.
9 W* o" z; e5 f7 n3 e; d
2 C; n5 j& O6 U2 @" eWhile Vancouver has seen a slight reprieve from the severe shortage of( H5 n, m) f+ d; l; _
inventory that had previously characterized the market, supply is still unable
& ^, Z/ t( X4 Hto meet demand, driving house prices upwards. Vancouver has a very diverse
+ \7 r' w7 D9 t% n; q$ Dgroup of active buyers - from first-time home buyers to baby-boomers to
* @( I+ a8 Z# R/ X" \foreign investors - all of whom fuel the demand for houses, placing added2 B9 J- ?! ~" g5 c0 N" h
pressure on tight inventory levels.: V* b2 P7 @) Q+ q4 T0 c5 f% A
8 d% h# F; ^/ ~2 h
Victoria's market is vibrant and supported by strong economic/ x. U2 F! W% ~, x6 V1 [9 W% c- t
fundamentals, fuelled by a booming tech sector and a migration of young people" e+ K. y J, j- N7 n1 W- x
into the city that has continued to support the area's house price increases;8 u: N; v8 p" q+ o" \4 A) S9 W" u
while increased inventory levels have afforded buyers more time when searching+ i- S3 V7 n& z6 L8 }' o
for a home, helping to normalize the market's pace.
2 b: l4 F0 u( b' r; {! [
- d1 g$ A: s0 Q0 O+ ?+ O4 T- ?7 ` << j, D% E( Q# }* ^( F
Survey of Canadian Average House Prices in the Third Quarter 2006
- V* c* j! _1 ?: n& H9 y( `1 v) n9 M
-------------------------------------------------------------------------) `9 c( r* E' `% ?* J: ^: l
Detached Bungalows Standard Two Storey
- F1 E4 Z' e# V0 V9 G/ K -------------------------------------------------------------------------; Q3 ~/ @1 g. c
2006 Q3 2005 Q3 Bungalow 2006 Q3 2005 Q3& F$ X1 v5 ^$ o6 F# n4 l
Market Average Average % Change Average Average+ Y B9 U7 I) Q; _6 g8 j$ v; v
-------------------------------------------------------------------------& ?1 t( [: `% `% P& R
Halifax 186,333 173,333 7.5% 198,667 199,0008 V! l& U; ^8 R, s
-------------------------------------------------------------------------
6 d) }9 r# A# T5 s2 Y; |" u Charlottetown 145,000 141,000 2.8% 175,000 170,000% [. P, U0 E8 S2 K' z
-------------------------------------------------------------------------
$ D9 H5 {8 y+ j- M( W6 o Moncton 135,000 127,000 6.3% 129,000 123,000
2 {3 [6 {- u: H7 g -------------------------------------------------------------------------) }& A. [4 }* `1 T5 v* D" n
Saint John 141,200 142,900 -1.2% - -: g" L& Q: R" |" M5 G( h$ `, J$ Q& `
-------------------------------------------------------------------------
8 E/ f+ ~5 j0 ]2 R St. John's 143,667 142,667 0.7% 200,667 202,333
# |* P# ~5 i9 y- y9 r: L) G -------------------------------------------------------------------------
3 `7 c) M; ?# v8 A9 }% w Atlantic 150,240 145,380 3.3% 175,833 173,583
|2 L/ j- B: s9 G; ~+ g -------------------------------------------------------------------------
) z1 C' c: i1 l; V. C( L5 n4 A Montreal 213,691 203,500 5.0% 321,141 316,185- M5 [: g2 L. M1 @& }; D% P
-------------------------------------------------------------------------; d0 a) y; Z! Q7 Y+ b9 \9 ]4 r
Ottawa 290,083 278,417 4.2% 285,667 273,250. D0 ?% l' b6 }0 D; i4 b9 @
-------------------------------------------------------------------------1 M' i3 x c- ^: K3 ]
Toronto 373,368 355,882 4.9% 481,523 474,766
g& ~) @5 x5 s; S -------------------------------------------------------------------------/ }; u# Y0 f5 k" w6 b- c
Winnipeg 181,579 159,860 13.6% 202,337 180,707
! d! E) R/ ~) b* z2 b -------------------------------------------------------------------------
' H2 x: M$ w* C" ~' k4 J' y4 ?9 D Saskatchewan 170,667 156,083 9.3% 182,600 166,500
; C, a- v- O( ]2 _' g -------------------------------------------------------------------------
/ l- j' y9 A* O/ }1 T0 e Calgary 395,067 252,411 56.5% 405,778 264,389
) {9 _$ x: V+ x9 m4 f1 l ------------------------------------------------------------------------- Q6 Q# [0 A- `
Edmonton 286,857 194,857 47.2% 316,429 206,7143 B l+ v) l) Z" L) c& i' @' ^
-------------------------------------------------------------------------
' S. x7 e6 q% D3 o) H- [& x% \( V Vancouver 704,250 601,000 17.2% 794,000 697,500
E1 h, U1 G1 f' W -------------------------------------------------------------------------
, p1 y4 v9 }! \& w! h Victoria 375,000 348,000 7.8% 403,000 391,000
9 i3 h8 ^ l+ v: S& M% ]9 Z; H -------------------------------------------------------------------------
7 o+ r" l5 ]1 |6 | o! q National 300,365 258,202 16.3% 365,380 322,860
- z$ l& |! d( @' ?% Q9 { -------------------------------------------------------------------------) b5 m! T7 A, P |
2 F; K! c: r1 E/ I& C' n -------------------------------------------------------------" }) {% S+ X9 |/ a
Standard Condominium- b& L2 E N# x4 Q
-------------------------------------------------------------5 E( @2 M# |$ h
2-Storey 2006 Q3 2005 Q3 Condo5 c" ]6 ^/ o6 q$ u. M0 N! P
Market % Change Average Average % Change
% D/ M/ r$ ?2 h" x -------------------------------------------------------------
5 p, R4 I: E/ c) f, \( Z3 B Halifax -0.2% 142,000 103,000 37.9%
5 d0 w- O5 b8 S( ?- ^( L -------------------------------------------------------------: v/ |' E, a1 b% i% e* ^
Charlottetown 2.9% 98,000 98,000 0.0%
. x& `. ]6 g$ @ }& o. ]$ w* f -------------------------------------------------------------
$ {8 F9 B/ V. q' ^7 n Moncton 4.9% - - N/A! P( z+ T* D3 w9 Z8 j
-------------------------------------------------------------9 v* t' N# n1 ?0 B
Saint John N/A - - N/A- W$ n$ F. `/ P( ?1 h
-------------------------------------------------------------
8 v2 W& u) [3 m- D7 k0 N( L St. John's -0.8% 146,333 145,667 0.5%
: F, [5 {. L" e# L% J" R% _8 `2 S -------------------------------------------------------------
" o6 b- j7 b: f7 \ Atlantic 1.3% 128,778 115,556 11.4%
7 }9 C# c$ C: F5 ]8 b' \; W -------------------------------------------------------------
; O6 C) z$ j& r8 e- x2 o Montreal 1.6% 193,190 188,016 2.8%
( ?* Z- b# {, c6 T% R ------------------------------------------------------------- S3 P% S5 Y2 k9 V- [/ b* T7 Z
Ottawa 4.5% 181,083 172,250 5.1%& _) v h$ }- n1 @. W$ _, ~
-------------------------------------------------------------% U/ X) f) P$ E1 T7 O" y& L8 V. o
Toronto 1.4% 252,088 242,918 3.8%
. @9 G" k# h+ _: R9 J, B3 d -------------------------------------------------------------
. `8 M7 }# Z1 T' {. p; b Winnipeg 12.0% 105,648 96,008 10.0%' {( v& i% Y/ @- g; R3 ? _
-------------------------------------------------------------
, `7 M6 k: g0 ` Saskatchewan 9.7% 106,250 101,000 5.2%
* h4 ~& R( x5 e -------------------------------------------------------------7 s3 B- ]! q# v c, B4 H
Calgary 53.5% 245,844 153,867 59.8%
, f y! L* x4 P/ R -------------------------------------------------------------
O2 P/ {: s7 U1 K, M- [1 P Edmonton 53.1% 200,433 131,500 52.4%
0 a$ ]: q) X2 m! b) g; h; d# b -------------------------------------------------------------4 W+ ^8 |& h7 k; { D( u
Vancouver 13.8% 366,250 323,250 13.3% U5 w% Q/ u0 k: L' A7 K3 {0 T
-------------------------------------------------------------
" p8 Y2 g$ {: s0 b- Q Victoria 3.1% 229,000 220,000 4.1%
1 e* F( V, O9 @) H; l) D -------------------------------------------------------------- A9 L3 `: R8 o5 [4 j0 N
National 13.2% 211,562 185,296 14.2%
( l x5 R7 y2 i -------------------------------------------------------------) w6 _3 [ g' f! n' K5 m: ]( V0 H' {9 P
>>
. S. t I* U9 m* p3 g2 G
, J* ?+ H6 {/ v- R5 k) K- Y6 t: h Average house prices are based on an average of all sub-markets examined# C' j; y# V8 }6 v4 p4 e c
in the area, except for the smaller markets of Charlottetown, Moncton, Saint
+ l# M6 A* r2 z) u2 K! `John and Victoria.
, k+ M4 ?) K" E* t2 g# x" X
4 V0 L v- Q+ z- x% N The Royal LePage Survey of Canadian House Prices is the largest, most' z# J* s7 a& r- D! ?
comprehensive study of its kind in Canada, with information on seven types of" m2 J9 U+ O2 _" j! z
housing in over 250 neighbourhoods from coast to coast. This release1 W# I' s9 Q W, W1 d" ]4 v2 I
references an abbreviated version of the survey, which highlights house price2 q0 x7 c4 @9 ?* p, p1 O8 G$ m
trends for the three most common types of housing in Canada in 80 communities
% l# [" d( J% L! p, F4 s0 j8 J3 Oacross the country. A complete database of past and present surveys is
O+ e" [# w: c) H' @available on the Royal LePage Web site at www.royallepage.ca, and current: L6 n2 \& y1 p- p& L+ U4 a) m
figures will be updated following the end of the third quarter. A printable; z7 F& G$ I8 y% U% v. g3 ]5 u1 \
version of the third quarter 2006 survey will be available online on! r$ s- \5 [/ D1 a9 L% D
November 15, 2006.
5 K& n1 \! h3 O: i/ C# w Housing values in the Royal LePage Survey are Royal LePage opinions of
/ b+ S, [- V& u- l0 K6 Cfair market value in each location, based on local data and market knowledge
$ `& Y. T6 u% @) @, A Rprovided by Royal LePage residential real estate experts. Historical data is& u1 ? A* N7 G6 F4 e+ C# Q
available for some areas back to the early 1970s. |
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