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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
  @4 W4 B: x# }5 s% p( z% F2 A/ L4 \+ s1 r
- Country's market poised to show growth throughout 2006 -
* @5 e8 G3 K+ t3 ?8 {$ K
5 I! H1 N8 a: I) }+ T    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market6 h; T# D' i& T: z* e* n9 i
exhibited moderate price increases and stable unit sales during the third
1 r+ k/ s6 Y! O1 H5 j6 A1 a) C- M; `$ Qquarter. Wide regional variances continued to be the dominant characteristic: r8 K- @1 m# F) Q% _' T
in the market, exemplified by frenzied levels of activity and double digit
3 D4 l( ~/ O2 L: M; s7 q, h$ Zprice gains observed in the energy and commodity rich Western provinces, and5 a3 ]; ^5 }+ Z
more reasonable sales volumes and moderate price appreciation in Ontario,
+ ?' `" Q" J  K2 c/ _6 YQuebec and Atlantic Canada, according to a report released today by Royal
' x$ e7 B( A3 t: }2 @" hLePage Real Estate Services.# f1 ?' @  O# z8 h
% a- o, Z$ u, V
    Nationally, market trends established through the first three quarters
, F8 D- F1 @% K% x6 v8 uare forecast to continue for the remainder of the year. Robust economic
" I0 m# A* Y" Mconditions, low unemployment rates, modestly growing salaries and wages, and7 c( C" I- X' G( t
sound consumer confidence contributed to the overall strength of the
0 W0 J, T9 H3 r* N7 `2 hresidential real estate sector.  _% @# i) j1 A# ?" v. U% U& }
: W+ \+ l5 k- e4 l9 S
    Of the housing types surveyed, the highest average price appreciation
1 n: Q& J  g7 Z) K: aoccurred in detached bungalows, which rose to $300,365 (+16.3%)
% q4 ^, ?* Z0 |- v; _7 ?# ]& s9 Qyear-over-year, followed by standard condominiums, which rose to $211,562
( a6 [) ?& [5 B' |. a(+14.2%), and standard two-storey properties, which increased to $365,380. G; z% T4 O( d* z
(+13.2%).
0 h4 d9 r' W6 k8 G' C. w0 y3 K# e$ @
    "Canada's sturdy housing market continued to demonstrate steady growth& u3 H0 M& s- X. n. I
during the third quarter. For all but the west, we have moved on from the
+ s7 N3 f) o4 b$ C+ mfrenzied expansion that characterized the first half of this decade, and are& ], ~7 X1 _1 x6 V
poised to show continued growth at a more moderate pace," said Phil Soper,
2 Y  V9 H; L! ^  H: Jpresident and chief executive officer, Royal LePage Real Estate Services.& ]" k- s8 X4 L6 y1 F
"Gone is the sellers' market that we have lived with for some years. We
- @9 D; x! M! p- K/ |welcome the more reliable conditions that are characteristic of a healthy0 R+ _% q1 W7 x& I, @( r
balanced market."
7 F2 W* g1 D, A) N( Z# J4 H! \# x0 n
    Despite the double-digit rise in average national house prices," z; Q5 J  b. `! Z
considerable regional variances were exhibited again this quarter. The shift
# `" y0 _% ~- s. O/ \to balanced market conditions, which began in late 2005, has continued7 [/ K, I' W" d, U! F5 Y0 c+ d
throughout most of the Central and Eastern regions of the country. In the core! H! `( a- C' H, e8 N% t
energy producing western provinces, the combination of very high in-migration,# K/ G3 u, ^) m1 P
manageable affordability, and a shortage of inventory has driven record- G7 t, ~/ U- M( [
breaking price appreciations.  T4 b/ ~/ O) g( `2 z# _# ?

7 J  F3 T6 f* L$ U. L    Echoing the second quarter and supported by Alberta's rapidly expanding
! F0 @# y2 V4 U5 e) B- C! \$ @economy, Calgary and Edmonton led the charge of Canadian cities with the
) T! {7 c$ C, Ulargest house price appreciation in all housing types surveyed.9 N6 O% P2 i) S, w9 c5 |% K

* q) Y$ j  ^" _& {' L# g- B& w, M    In Ottawa and Toronto, growth remained steady, supported by solid, z0 g& C6 ~) m2 J: S( \* ^
economic fundamentals, an increase in available inventory and strong consumer" x6 x8 h8 b6 |; J) R
confidence. While the pace of price appreciation in Ontario leveled off4 S% f7 c' Y6 F7 j1 o0 D
slightly, the province's real estate market remains poised for modest growth.
( Y- f1 \+ [8 v3 u' fIn Atlantic Canada, new housing and condominium construction offered buyers7 |9 X* j# b7 K% Q* ~
greater selection at more competitive prices, resulting in a slower rate of
/ y# n7 h0 L$ nprice appreciation when compared with 2005.3 z2 O' `$ B5 Q$ M. ?' n- n

* x4 [9 l  E% ?    While the pace of growth in Canada has slowed, the domestic housing
1 x( q3 j3 W0 Y' Y( w* I8 mmarket is expected to outperform the American market. The economic and4 w9 ~+ O& h8 A& [% K0 I- }/ S
financial fundamentals driving the residential real estate sector in Canada. C  U# t, e& O7 F4 ~& t, [
are markedly different than those found in the United States.
' O  `7 L1 G+ w( O* ^3 _( y/ d* p% ^+ y+ i( a4 B
    Added Soper: "Canada's housing market is likely to outperform the9 w* a/ s4 F/ D/ f9 r0 G5 B
American market through 2007. A number of factors are working in Canada's4 z+ |9 x! [0 w5 C
favour, including healthy personal and governmental debt levels, the
1 x" S0 r0 |  `, G6 H9 Zrelatively modest rise in interest rates in our country, and general
3 T9 A! g$ I+ S! v) v3 gaffordability in our major cities. In addition, Americans are now seeing the
% t: w- V  O6 b6 `( {- }4 [2 g1 gdownside of a tax system that encourages maximum homeowner leverage, and$ O, C9 b8 w  K5 @
aggressive financial products such as zero- and negative-amortization
; k  F* E& _+ Q+ a  {6 h# Dmortgages that work only in a high price growth environment."
/ g% S0 M* j: ]# x3 h! d
2 G8 g& M/ G: S6 T6 X  {: o( ]    <<
+ h: U6 x( E5 Z5 i$ R0 @                             REGIONAL SUMMARIES
& a- u+ D) r# O2 o7 j    >>: j# G* Y, D0 u: `! e+ j# S

" i/ ^% s' ?2 }# B) ]    Balanced conditions continued to characterize the housing market in
7 E8 `  ^1 C/ F9 l+ F! v' y& X) vHalifax, as significantly higher inventory levels helped to moderate the rate7 V( T+ S$ I$ |9 ?1 d  {
of price appreciation. Buyers were increasingly choosy, taking more time
1 w! Z' q) z( v2 |looking for newer, low-maintenance properties that were not in need of+ `+ u5 H- Q& W
renovations.
6 F  R& l% h7 k: T0 B# h( D8 [2 c5 L9 v; G- L9 b
    The housing market in Moncton remained healthy and strong as a slight0 z7 u5 l7 ]/ t/ |$ B7 z" Q$ X
increase in inventory helped to moderate the rate of price appreciation7 q1 ?! k& q3 W
compared to the same period in 2005. Activity was brisk throughout August and2 U' Z3 Y( U' {* Q, U1 P  {0 X+ K
September and is expected to remain this way through the fourth quarter.' d; m( B9 U& Q4 \8 w
$ t$ c* d2 Q& P8 N
    The housing market in Saint John underwent its traditional summer+ N0 v1 \. Z8 G7 A9 h0 e
slowdown in the third quarter, with activity picking up towards the end of the7 o; e* o3 U5 d5 ~% Y9 z% W
quarter. The local economy continued to thrive, as construction on a new3 b$ E- Q+ g4 C
600,000 square-foot shopping area has begun, bringing several new box stores7 B7 |4 ~+ F) U* f9 @) v
to the area. Buyers have begun seeking less expensive fixtures for their homes( B- G/ G- Q! E' K6 D: A
and are instead opting for more affordable housing options.
% @7 i- C* ]% q$ L
+ ~5 b- ^) E, P# C, q- L    In Charlottetown, the housing market started to move towards balanced
; i  R2 A  ~' U( f8 }! Q. [5 `conditions, as some sellers had to begin to lower the asking prices on their
' |* {7 Y8 ^: i! E1 |1 o# ~6 Dhomes to make them more competitive. Activity from out-of-town and US buyers1 e, d2 h0 O% b3 C1 @
was down slightly compared to 2005, likely attributable to the strong Canadian
( ]) o; C4 l; ydollar. Inventory levels began to creep up in the third quarter, providing
0 y4 b5 t8 P& m0 I2 Jbuyers with more options when looking for a home.
; s# V, Q2 ^5 k
5 r& ]' B- x! {6 {    Activity in St. John's slowed slightly in the third quarter, particularly
5 l& O7 U% h+ D7 Q. p! ~among higher-priced properties, where there was a slight over-supply of homes
9 F+ d! A1 Z* Q$ k. x# upriced over $200,000. Listing periods have increased when compared with 2005,
1 }. O* D) m/ g6 q8 f- M" tas some of the pent-up demand that had characterized the market over the last7 R9 Q; X  p, I9 w& T) P
few years has been satisfied, resulting in more normal, balanced conditions.7 B) G% m& y$ e4 w  J& w: ]

- f& Y: R" r  c% @5 m% ~/ ?    Montreal's housing market recorded modest increases in average house7 k) W1 D7 U. P+ |$ [! e
prices, due to a slight seasonal slowdown in the third quarter as inventory$ c0 H4 p; y' _8 H
levels rose. Part of this can be attributed to the fact that many renting- h& @+ |7 c  g' e- v: Y% }3 i  @2 g
first-time buyers were motivated to close on the purchase of a home by July 1,9 }0 f8 w% d0 d5 L# |& G
when rental leases expire in Quebec. Once this date has passed some of the
, q* P& }. [" S% T5 \pressure is taken off the market, allowing buyers to visit more homes before% K( `2 d5 r& q2 C
making a purchase.
4 v# K# c* Y8 w8 T6 q# u' e  ^: H; }" z" t- }/ `# G
    Ottawa held its position as one of the country's most stable housing& W6 C( @0 u3 U/ P  X) S7 V+ a
markets in the third quarter, reinforced by a vibrant local economy and strong. n' c" p2 W0 x$ c
confidence, resulting in modest increases in average house prices. The city1 j! R+ d$ q0 N4 ?
centre remained a bright spot in Ottawa, with homes in this area attracting! `& o8 S' `2 ?2 o7 I( D1 k% ^
attention due to their convenient location and proximity to downtown
- i4 A. r, u" O8 Z4 H. r! A) Xamenities.
  l7 j" z! n- j1 v  F8 k) U, V0 h0 Z) a
    The housing market in Toronto sustained healthy activity levels0 c6 b: u9 B# e! E% m
throughout the third quarter, as a strong economy helped to maintain demand# d% d& x/ W  f5 G) h' g! h5 D) ^8 S
across the city, causing average house prices to rise moderately. Toronto has. X7 W9 M7 m8 v9 [% T) J' n
continued to experience modest growth in average house prices, and has been
+ b7 |) Q1 W% ^driven primarily by purchasers who are buying homes as their principle
1 e7 w/ u& c5 R0 }, F) ]/ sresidence, rather than for investment.9 p  y# f( Q8 B4 J' R9 {  e
- F) m5 M) x6 P( n- y2 ?( v
    The vibrant Winnipeg housing market continued to show its strength as$ g5 w& q2 I: l3 q7 t+ Z9 m
house prices rose during the third quarter. The booming local economy resulted
3 a( {/ j- F  n1 m! E4 m0 f, Bin a historically low unemployment rate, helping to bolster consumer! g1 u4 z! ^7 v/ n  H; t
confidence and Winnipeg's ranking as the city with the lowest capitalization
( K4 L: g! N! Y6 X" }, |( Zrate among the country's larger cities - helped to encourage buyers to enter; E$ T( l) T0 g+ X: `
the market.
0 T. r$ a4 P0 s8 j* h) w7 Q
2 a4 Q6 r% C' t0 ?- U* Q    In Regina, the market experienced a slight seasonal slowdown through
! i. K7 p4 J2 z& {# z' WJuly, as there were fewer purchasers in the market due to summer vacations. In
7 g. i2 d! \* K1 jAugust, activity resumed to the busy pace previously seen in the spring
# }1 @+ U1 g! X8 B- Emonths, as the influx of purchasers made it more difficult to find a home due
- `. o/ G; Q6 f: ]to the shortage of available inventory.
  M) e& m1 U, B$ U3 Q' L' d* ^- a; Y% k, A2 |: Q% W( m% v
    Activity in Saskatoon remained brisk as the market maintained its6 E5 s) J7 B, P
momentum from the busy spring sales period. The economy in Saskatoon remains: r9 f. y  w" c+ K; i! g0 w, }
vibrant, as employment opportunities are abundant with many businesses7 [* r9 S5 _1 B4 E3 b$ ?7 j. Z
struggling to make hires and having to recruit outside the province.) t1 @/ v- e) g- Q$ l+ l

9 e+ n9 h/ [' U: e% f$ h# s    Calgary's housing market recorded blazing average house price increases$ i; t; z0 {# N. p# f4 r
in the third quarter, in all surveyed categories. The burgeoning economy, low5 h& @, X) d7 ~
unemployment rates and low inventory levels remained the leading factors that4 D0 G! _9 e! A) }  y0 j' J
pressured Calgary's house prices upwards. However, regardless of the soaring* r4 n) [) W$ j0 q8 t: B: ?
prices that characterized the market - even during the typically slower summer% @' C, }; d" |, K* S- ^" {
season - it is expected that activity will become slightly more balanced, as
1 Q9 }" h& Q5 |5 [  bbuyers are becoming more reluctant to participate in the frenetic activity.
6 i$ P( a6 T8 F; ]6 B2 ?0 |( ^% ~
' v" F3 H9 c! a5 p2 c
    Edmonton's booming local economy continued to thrive in the third quarter
# N! y! P1 X% o% bas activity in the oil sands north of the city continued to flourish. Edmonton
& @# _6 T' E. mremained the hub of activity for those coming to work in the oil industry,0 d* {% N/ j( {# |
maintaining tight inventory levels across the city, resulting in prices
$ t  Y- |+ r9 b% Z! Tincreasing at record levels. However, as inventory levels continued to improve" q3 k: c8 _# L5 @. K2 e
in the third quarter the rate of price appreciation should moderate slightly* \* h2 s1 x) `1 t$ |: L
towards the end of 2006.
    5 n. e. g2 ]) s' E4 q
2 y/ M7 S8 g, y3 @
While Vancouver has seen a slight reprieve from the severe shortage of
) E5 D7 A7 b+ t) Q2 ?inventory that had previously characterized the market, supply is still unable
$ @5 d5 W3 @7 a5 h7 L+ P9 d: kto meet demand, driving house prices upwards. Vancouver has a very diverse! r4 q/ {4 E7 C$ h4 i
group of active buyers - from first-time home buyers to baby-boomers to+ R" S# O3 s  s3 U
foreign investors - all of whom fuel the demand for houses, placing added
! W. U+ m# o( z% i" F( ^pressure on tight inventory levels.
' L- X, o4 P' K
; p5 W- V6 h: f6 x' J, P    Victoria's market is vibrant and supported by strong economic9 c# X+ p( p5 r2 D' ]
fundamentals, fuelled by a booming tech sector and a migration of young people
# e7 Y2 ~6 |2 K% ?: e9 e$ Ginto the city that has continued to support the area's house price increases;
2 W9 o5 s6 R2 w# bwhile increased inventory levels have afforded buyers more time when searching
+ `& o; ~! _! J  H. vfor a home, helping to normalize the market's pace.% \2 \3 b8 q8 h1 w( q

+ X4 W0 l4 [1 V    <<
  E$ d; G! }# _      Survey of Canadian Average House Prices in the Third Quarter 2006
2 f8 t/ o8 e: \3 G( Q
6 h+ S& h" C& V- K    -------------------------------------------------------------------------- q3 P7 L" F, c8 c+ ^- T
                 Detached Bungalows                Standard Two Storey* F4 P: O; o; b( k# _
    -------------------------------------------------------------------------; }$ A) d- D3 v2 f* e8 ^; k
                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q3* T  v! ]3 a/ H$ o2 ]- J; W
    Market           Average     Average    % Change     Average     Average
, q# Z8 d, ^; t& P/ ]" @    -------------------------------------------------------------------------
% f" p  p! V4 }    Halifax          186,333     173,333        7.5%     198,667     199,000  l" f8 z7 z( d. }& V5 Z. o$ V
    -------------------------------------------------------------------------
5 m! {9 \0 X5 ~! z    Charlottetown    145,000     141,000        2.8%     175,000     170,000, {% ~# l2 ?! D# W- C9 U
    -------------------------------------------------------------------------: y) }+ o, ]8 ]& J
    Moncton          135,000     127,000        6.3%     129,000     123,0005 s2 S8 `9 X7 U+ h, g5 l9 D1 e
    -------------------------------------------------------------------------
# C. ?9 y% P% \* g( b    Saint John       141,200     142,900       -1.2%           -           -
" l% G2 c  b5 Z& m* u' X# f    -------------------------------------------------------------------------8 A7 V7 V% B( n' [, Y+ w5 v
    St. John's       143,667     142,667        0.7%     200,667     202,333
& I  h2 B- r, j: `8 }9 u* }! n    -------------------------------------------------------------------------; T+ C9 d0 i* o2 ^; J9 K
    Atlantic         150,240     145,380        3.3%     175,833     173,5831 l4 W1 h3 R7 a  a
    -------------------------------------------------------------------------
, C1 c( r4 a1 U/ b) k6 a    Montreal         213,691     203,500        5.0%     321,141     316,185
  y: O* l- {: j+ [8 D2 s    -------------------------------------------------------------------------9 `0 ^6 K& Y) B2 u, v) c5 O
    Ottawa           290,083     278,417        4.2%     285,667     273,250
  M) F9 }, m0 i3 `9 w    -------------------------------------------------------------------------' A) i3 f' j3 F8 Y* y6 f' q
    Toronto          373,368     355,882        4.9%     481,523     474,766
5 p# z& @7 {! V; J    -------------------------------------------------------------------------, J2 R" Z6 K& t/ H9 H, T# _$ a6 s4 x1 J
    Winnipeg         181,579     159,860       13.6%     202,337     180,707
' L! l: ~- k2 D/ `4 e5 w    -------------------------------------------------------------------------
0 h! i3 ]6 O% V' H5 Y    Saskatchewan     170,667     156,083        9.3%     182,600     166,500
5 ^1 r( Y( p# r  Y5 g9 n  C+ [    -------------------------------------------------------------------------
/ \: j1 s" v! U- r5 }/ Q1 a    Calgary          395,067     252,411       56.5%     405,778     264,3894 A7 a. q/ v. l5 j& ^
    -------------------------------------------------------------------------
, e( S, x. Y8 L9 U# k& R' V+ v! Q+ n    Edmonton         286,857     194,857       47.2%     316,429     206,714
  T+ X% D4 E: Y2 X6 D" v    -------------------------------------------------------------------------% W( G! ^( N$ t& D, H6 X
    Vancouver        704,250     601,000       17.2%     794,000     697,500
/ f. I* r& @3 G5 h# F! Y    -------------------------------------------------------------------------" P6 v. \* k8 {# b
    Victoria         375,000     348,000        7.8%     403,000     391,000
* s# Q8 `9 y* Q' w    -------------------------------------------------------------------------3 Q; s  o+ _6 {0 m
    National         300,365     258,202       16.3%     365,380     322,860
  u# N! I+ }8 s1 v, Y: Y, m    -------------------------------------------------------------------------
7 o1 Z- s9 f" C% D. \: j' F" S7 n5 L% E
    -------------------------------------------------------------
6 C1 D6 ^& Y2 ^                               Standard Condominium7 t% ]9 V7 z/ V& W
    -------------------------------------------------------------8 @9 O; ~0 ^: J/ h
                    2-Storey     2006 Q3     2005 Q3       Condo" Q4 G- z% b! d
    Market          % Change     Average     Average    % Change
5 m" _9 O/ d4 r- m    -------------------------------------------------------------4 X; F5 {6 c6 N
    Halifax            -0.2%     142,000     103,000       37.9%9 a, F! p6 {! l
    -------------------------------------------------------------
6 r6 F& l- e$ [9 ~$ m3 L    Charlottetown       2.9%      98,000      98,000        0.0%; p% M2 C$ t! s' ]0 q5 h2 r. Y/ h
    -------------------------------------------------------------# E4 b- n' Z# O! a5 V
    Moncton             4.9%           -           -         N/A
. C7 ~& Y! \; a1 Q. B- v( r6 p    -------------------------------------------------------------
8 U  f, N5 o# o    Saint John           N/A           -           -         N/A
; `1 t5 G+ R7 F7 ]9 @    -------------------------------------------------------------
% d$ D* u8 v  }& b$ T    St. John's         -0.8%     146,333     145,667        0.5%9 c6 |0 |' C! z
    -------------------------------------------------------------
- S4 n5 ]# n6 \( m' ~2 x    Atlantic            1.3%     128,778     115,556       11.4%; D. h+ Q3 f$ }! I0 `6 B
    -------------------------------------------------------------# T! ]& z, g. b7 g
    Montreal            1.6%     193,190     188,016        2.8%
* j: Y* R, Z' Y6 s    -------------------------------------------------------------
4 p$ C3 W& U! u7 E# }! p    Ottawa              4.5%     181,083     172,250        5.1%
6 f9 A; Z8 S% l! h% \1 |    -------------------------------------------------------------
" U( o, ^1 ?/ Y, M- G9 a$ @9 n6 p    Toronto             1.4%     252,088     242,918        3.8%
, u" F9 W( Y& c. M4 C; q    -------------------------------------------------------------
! C6 V# b6 j- h% h: n7 n& }    Winnipeg           12.0%     105,648      96,008       10.0%
! G: A* Z9 n; U. t* l    -------------------------------------------------------------
3 W$ Z+ j. P& N. Q3 S! `6 Z    Saskatchewan        9.7%     106,250     101,000        5.2%9 b5 j$ a$ {8 M! w' E
    -------------------------------------------------------------
: E% l1 n; B' A; e7 m8 n+ l    Calgary            53.5%     245,844     153,867       59.8%
7 _$ x2 A9 f( U! |/ W1 Q  U    -------------------------------------------------------------$ {1 J% Y, A1 N: k. a0 B
    Edmonton           53.1%     200,433     131,500       52.4%9 F+ g  F3 o8 }9 A( F" ]1 n
    -------------------------------------------------------------! r- }0 D0 R1 K( w
    Vancouver          13.8%     366,250     323,250       13.3%, W+ d" H9 `" \! e! {6 Q
    -------------------------------------------------------------  C, f) T0 y8 i6 ]# Q" D# f
    Victoria            3.1%     229,000     220,000        4.1%- I: [3 M2 E4 s' E
    -------------------------------------------------------------
% ?& e8 E. q& |9 j# G    National           13.2%     211,562     185,296       14.2%) i3 D8 U( K' U& {+ a) `
    -------------------------------------------------------------
/ M8 b; O  q; q8 L6 }" {9 e    >>
$ F* ]( D, r/ j
& E' s# i' a' j  j    Average house prices are based on an average of all sub-markets examined/ e1 F/ x5 L) R2 q6 E2 J6 j
in the area, except for the smaller markets of Charlottetown, Moncton, Saint% |7 l- C7 m$ }0 B& {5 [
John and Victoria.
3 c  T+ N5 d- ^) g% @
" Z& g# j: Y: B1 L# p    The Royal LePage Survey of Canadian House Prices is the largest, most
0 S. C4 u/ \- o6 Y& _comprehensive study of its kind in Canada, with information on seven types of
/ l/ r1 H5 i& R' [) phousing in over 250 neighbourhoods from coast to coast. This release, R3 r; N" E# G) S  a0 Z4 p, s
references an abbreviated version of the survey, which highlights house price
% K( P& a- ^- Gtrends for the three most common types of housing in Canada in 80 communities' T- N: u3 W! c
across the country. A complete database of past and present surveys is
. u0 ^" w% ~' V5 e3 Xavailable on the Royal LePage Web site at www.royallepage.ca, and current8 H& q- L5 ~; F- _9 L. L
figures will be updated following the end of the third quarter. A printable4 y' B1 c* G& Q( B0 B0 d2 M
version of the third quarter 2006 survey will be available online on+ s' o7 ^9 p; i$ A5 P
November 15, 2006.
4 \1 B' `& k- P% \$ s    Housing values in the Royal LePage Survey are Royal LePage opinions of1 _% q- S2 t4 |
fair market value in each location, based on local data and market knowledge* T- H) [) B, d" _0 |# G2 _7 _
provided by Royal LePage residential real estate experts. Historical data is7 \' B7 H1 I8 f- x: {' _5 K
available for some areas back to the early 1970s.
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