 鲜花( 0)  鸡蛋( 0)
|
Canada's housing market both vigorous and stable
; }) V( `1 v$ Y
- ?/ w! ^' {) o/ s- \7 U- Country's market poised to show growth throughout 2006 -
, N6 u% P3 ~) c. [0 J
# y" H. S0 X! O, p6 C. U TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market
- Y9 |% L1 A; _2 O: ?% xexhibited moderate price increases and stable unit sales during the third
4 I# p0 k4 p% B! v$ `& B0 gquarter. Wide regional variances continued to be the dominant characteristic
2 F& W. |& h. b- w/ E! k* b6 ^/ zin the market, exemplified by frenzied levels of activity and double digit7 ~1 q0 `4 I/ H% t
price gains observed in the energy and commodity rich Western provinces, and
8 D; s; J( G1 p: y0 s- ^) {more reasonable sales volumes and moderate price appreciation in Ontario,
/ J# k6 {3 o2 w1 v" P4 bQuebec and Atlantic Canada, according to a report released today by Royal+ x* `' t; V8 u
LePage Real Estate Services.3 i1 J0 a: H2 j/ N! P6 I3 T" N
/ e8 _( p" E. q2 x; n Nationally, market trends established through the first three quarters+ S0 G% [3 M2 N+ Y5 ]
are forecast to continue for the remainder of the year. Robust economic
# S3 c4 R; `6 ~5 rconditions, low unemployment rates, modestly growing salaries and wages, and
3 s8 ]# Z1 @! u F$ |7 Usound consumer confidence contributed to the overall strength of the
3 a6 P$ A. n. i" v" ?0 rresidential real estate sector.
; _4 o. r1 h2 Y. V/ p5 Z! C2 g. |7 Y4 |6 n
Of the housing types surveyed, the highest average price appreciation+ t9 O6 y/ f! C3 m/ e/ L
occurred in detached bungalows, which rose to $300,365 (+16.3%)+ ?7 \* l5 _: `' C
year-over-year, followed by standard condominiums, which rose to $211,5628 p: f, c5 Z3 `9 H/ N" ]; Q
(+14.2%), and standard two-storey properties, which increased to $365,380
9 \* F7 b; i* Z3 M+ f2 z ]; z6 E(+13.2%).9 b) ^1 T3 C0 z
9 i# n/ e* j5 Z- O% f "Canada's sturdy housing market continued to demonstrate steady growth9 g3 T# h; I6 m6 k
during the third quarter. For all but the west, we have moved on from the% |8 ^; ~0 K2 N4 W- k( g7 w! w
frenzied expansion that characterized the first half of this decade, and are- n$ T2 ~1 ~6 @) K) r
poised to show continued growth at a more moderate pace," said Phil Soper,7 W) W2 D6 [# L6 J% o6 _
president and chief executive officer, Royal LePage Real Estate Services.
- @5 s6 k2 T: w6 C"Gone is the sellers' market that we have lived with for some years. We' O' U# O0 x, Y" h; @# F8 [' J
welcome the more reliable conditions that are characteristic of a healthy
, {! F2 C+ _% x: bbalanced market."! g' }3 ?6 z( s- W, T7 v
+ J: {4 M- l, B5 X+ ]9 d Despite the double-digit rise in average national house prices,& ^# ]8 A8 I6 P" F* X0 k" Q# h
considerable regional variances were exhibited again this quarter. The shift
9 S! }7 t/ u4 X) a) i0 Zto balanced market conditions, which began in late 2005, has continued
' t* c `, `6 p6 }throughout most of the Central and Eastern regions of the country. In the core
) z- m# E5 O3 K; d4 a. q; kenergy producing western provinces, the combination of very high in-migration,2 w# o1 ]! y: q% v4 R- p- O
manageable affordability, and a shortage of inventory has driven record- W4 V; `8 K9 s, S* Z& ]% H: [" ^) i& }
breaking price appreciations.+ H3 h2 [ V! R+ i- L/ x, K
% @* I/ v' B4 A
Echoing the second quarter and supported by Alberta's rapidly expanding
. C) H9 m, K5 @ k, meconomy, Calgary and Edmonton led the charge of Canadian cities with the2 s$ Z& R0 L" b9 ~( f
largest house price appreciation in all housing types surveyed." S9 ^) X% Y; R- r
$ x- Y; X1 s5 M4 P# l, h6 l3 j
In Ottawa and Toronto, growth remained steady, supported by solid6 O4 j0 U7 w+ N* I
economic fundamentals, an increase in available inventory and strong consumer
* U" J% g9 t S! vconfidence. While the pace of price appreciation in Ontario leveled off
6 {6 _: U% ]! `$ o: ]slightly, the province's real estate market remains poised for modest growth.
: }; A4 }2 C5 Y4 QIn Atlantic Canada, new housing and condominium construction offered buyers
- R6 |, u. Y7 B! l7 T! |greater selection at more competitive prices, resulting in a slower rate of/ w3 G! e1 o1 y8 D6 ]
price appreciation when compared with 2005.7 p1 R) T! U7 c% B
( P) P: @ W3 g4 r, ~2 U- l
While the pace of growth in Canada has slowed, the domestic housing0 Z. S" L3 F6 @' V2 X0 H
market is expected to outperform the American market. The economic and
- _7 u: M+ n: a5 A2 ~financial fundamentals driving the residential real estate sector in Canada w; W0 `% R- G m0 k. q# v/ G9 w
are markedly different than those found in the United States.. H3 J3 r; q; E
7 D: l& }2 L: z! k Added Soper: "Canada's housing market is likely to outperform the
t! K$ {; b6 V3 ]1 ?# F8 e& ~& E) BAmerican market through 2007. A number of factors are working in Canada's1 x5 e. I( t# g, _+ r3 n
favour, including healthy personal and governmental debt levels, the& T2 I6 c+ [/ c, z
relatively modest rise in interest rates in our country, and general
; N6 z) Q( K$ U, r uaffordability in our major cities. In addition, Americans are now seeing the) O9 x- ^0 @6 Q- m- P% U8 D% ?
downside of a tax system that encourages maximum homeowner leverage, and2 v: l) k( D: r9 E
aggressive financial products such as zero- and negative-amortization
& J# w) s: l$ \: q! p4 Fmortgages that work only in a high price growth environment." P( e9 Z! S \& L; n* }+ O
5 ? |2 L4 _4 g0 T
<</ F" t$ x% u. i n6 v2 R4 R2 U
REGIONAL SUMMARIES& i3 N7 b* D1 U) L
>>/ J" R/ a" i% g) y# O3 d
' p' f' E \# g! \ Balanced conditions continued to characterize the housing market in3 K9 a7 |( R5 E- Y
Halifax, as significantly higher inventory levels helped to moderate the rate- D1 Q' H: W9 Y1 _0 {5 j+ l. j
of price appreciation. Buyers were increasingly choosy, taking more time& E7 W% F3 g+ l' O+ O; m; _
looking for newer, low-maintenance properties that were not in need of
$ W @, U& x# f t: |. orenovations.
$ [( H) y. H% ~5 k* z, ?- H; S' u
The housing market in Moncton remained healthy and strong as a slight- t4 s$ r, Y+ [; m* C8 }& S
increase in inventory helped to moderate the rate of price appreciation2 T: N: |4 ^& V* X
compared to the same period in 2005. Activity was brisk throughout August and8 C( C/ j8 W1 a/ |, ^& R
September and is expected to remain this way through the fourth quarter.
& y# F2 [& M! Y0 H
' m9 C9 ^/ G _" N2 f The housing market in Saint John underwent its traditional summer
) x3 V, ?8 R4 F, ~/ \# t' vslowdown in the third quarter, with activity picking up towards the end of the1 f! b% W5 |: ?9 G: [
quarter. The local economy continued to thrive, as construction on a new
' M5 i+ J1 h: u+ ^ C600,000 square-foot shopping area has begun, bringing several new box stores4 L8 L' i* K1 ~# l5 v! ~1 @9 [
to the area. Buyers have begun seeking less expensive fixtures for their homes
$ C6 P2 j& C, O: ^0 Oand are instead opting for more affordable housing options.
& @1 E; @ L; ?3 E( H" L
: S/ }8 s. ?; _ g: b( s In Charlottetown, the housing market started to move towards balanced# C! y5 \0 i! q& v1 W5 o2 ^4 t
conditions, as some sellers had to begin to lower the asking prices on their+ s& N; M0 b8 a2 K$ u) N; ]! F, q
homes to make them more competitive. Activity from out-of-town and US buyers% e, _, ~+ b! l3 D+ ]6 j
was down slightly compared to 2005, likely attributable to the strong Canadian
* X6 R6 y6 A; U y% d3 Zdollar. Inventory levels began to creep up in the third quarter, providing t. r- _+ }: H/ n5 y
buyers with more options when looking for a home./ o, ^: u E5 l# ]5 N4 A
# T! F8 a9 C$ b' P8 y3 P1 Q
Activity in St. John's slowed slightly in the third quarter, particularly0 }! _1 M/ V# Q& R v. }5 X5 r
among higher-priced properties, where there was a slight over-supply of homes5 W/ j/ v+ `( a- \4 S
priced over $200,000. Listing periods have increased when compared with 2005,5 T9 Z( m8 B, T/ P; C' A: M O$ V3 v {
as some of the pent-up demand that had characterized the market over the last# }& L8 F; o. Y9 l6 l8 \, X
few years has been satisfied, resulting in more normal, balanced conditions.1 |% v% [9 N9 b7 E* m
/ T, l% }( E) b" F5 @: c* h6 K. b0 f Montreal's housing market recorded modest increases in average house
8 F3 C3 T7 m; H9 b' {$ _( Q, ]prices, due to a slight seasonal slowdown in the third quarter as inventory$ @+ |% f* |: s; N. q) e2 {
levels rose. Part of this can be attributed to the fact that many renting/ U9 }; V& t `: S2 |/ F. W
first-time buyers were motivated to close on the purchase of a home by July 1,! `& m, R' t) c9 c# S$ W
when rental leases expire in Quebec. Once this date has passed some of the' w: _# J! a& c' M: v4 k
pressure is taken off the market, allowing buyers to visit more homes before
# _/ ^0 R3 @1 u) Ymaking a purchase.
1 h3 s/ u/ w# p0 |2 P$ Z- d9 j6 c$ B8 E6 w
Ottawa held its position as one of the country's most stable housing, g! U" ~7 B$ |& Z; P/ H
markets in the third quarter, reinforced by a vibrant local economy and strong
4 C7 U% T+ e6 ]9 [7 Kconfidence, resulting in modest increases in average house prices. The city
! r: n7 C; d2 k6 j# S! d7 Qcentre remained a bright spot in Ottawa, with homes in this area attracting
! u# W7 P& _3 L* m* @; l- Fattention due to their convenient location and proximity to downtown- I6 I8 w( a6 s0 W
amenities.
9 L9 f1 M* {6 J% G8 Q
6 J( V7 I; z4 o; e) u: Y$ Z The housing market in Toronto sustained healthy activity levels
3 D) f1 A5 I& B6 n ~8 [throughout the third quarter, as a strong economy helped to maintain demand3 v4 K# C" X' h% L; |
across the city, causing average house prices to rise moderately. Toronto has
+ F4 q- O! X' C2 z4 {: R+ G( d, g; \continued to experience modest growth in average house prices, and has been& M3 h1 F+ Y: C8 f8 a( r: n- F8 a
driven primarily by purchasers who are buying homes as their principle$ G" g Z2 r% Y. Q
residence, rather than for investment.
5 r% p$ ?% E" Q4 G8 S/ k5 O% B H" x" q
The vibrant Winnipeg housing market continued to show its strength as% P/ a' P# ~8 \/ Q
house prices rose during the third quarter. The booming local economy resulted4 k" e' a7 D# u! \$ p+ |
in a historically low unemployment rate, helping to bolster consumer0 E' X9 D W$ k8 n3 |% m6 f
confidence and Winnipeg's ranking as the city with the lowest capitalization Y' F$ H/ t% A: U. N( ? N' b
rate among the country's larger cities - helped to encourage buyers to enter; q. g: f$ H0 E! V s: u: ]. m
the market.
1 r& Z# M0 x+ D8 t: a' q, y/ W& d! K( t( ?5 i4 S$ z1 x
In Regina, the market experienced a slight seasonal slowdown through6 B( u- Y4 A# R; _7 A6 k! l. Q
July, as there were fewer purchasers in the market due to summer vacations. In' x9 b4 y+ s% |: D
August, activity resumed to the busy pace previously seen in the spring
2 \. [3 b; e* c+ bmonths, as the influx of purchasers made it more difficult to find a home due N+ G3 p5 {, [/ W; e& Q% v
to the shortage of available inventory.: |; J9 V& Z+ R0 p9 K, X% u" q
% j" ?, W4 s$ s& n/ k
Activity in Saskatoon remained brisk as the market maintained its
9 q2 d" p, n; Jmomentum from the busy spring sales period. The economy in Saskatoon remains
" ]* z) W ?! ^( Xvibrant, as employment opportunities are abundant with many businesses
7 j/ _& u4 i0 Estruggling to make hires and having to recruit outside the province.
: `2 ]; l: B1 {" O7 d0 Z1 \9 w9 Y# c8 d2 L' Y1 `- E# e3 K* s
Calgary's housing market recorded blazing average house price increases
' T* B% m; ~8 K4 L0 \6 Lin the third quarter, in all surveyed categories. The burgeoning economy, low5 Z# d0 t& ~( ^& L; e; Q6 O& ]5 n
unemployment rates and low inventory levels remained the leading factors that) \' }2 w+ n+ |5 @; a
pressured Calgary's house prices upwards. However, regardless of the soaring
8 g! p3 P3 e' r4 M) Kprices that characterized the market - even during the typically slower summer
/ ]9 Q% N t, Y/ ~+ P$ useason - it is expected that activity will become slightly more balanced, as# Q, a% i( n. ~, }8 r9 w
buyers are becoming more reluctant to participate in the frenetic activity.% T+ I- h' n# f# I, h, n6 ~
0 c7 a( E4 }$ m: E# L9 @
Edmonton's booming local economy continued to thrive in the third quarter
( N: A( ]) g3 Cas activity in the oil sands north of the city continued to flourish. Edmonton
3 T" z9 P! M) Nremained the hub of activity for those coming to work in the oil industry,# K, N+ G4 [0 N: G( O
maintaining tight inventory levels across the city, resulting in prices! g# K# A5 }4 L( F; ^. P9 D9 ]0 c5 F
increasing at record levels. However, as inventory levels continued to improve
! H3 v7 `% _0 ~/ G) w) `) lin the third quarter the rate of price appreciation should moderate slightly8 r u w% l$ I5 a6 l5 m
towards the end of 2006. 6 ?- I) H6 { u" D8 m. B3 m
# P0 H; ~- O' O- F: a2 z, a$ P
While Vancouver has seen a slight reprieve from the severe shortage of% ]- Y' T- w+ n8 ]% w: x
inventory that had previously characterized the market, supply is still unable
) E2 @/ Q/ w, ?6 d* U+ v$ kto meet demand, driving house prices upwards. Vancouver has a very diverse
! H1 `" z1 m! ?1 O) ggroup of active buyers - from first-time home buyers to baby-boomers to
y& b% u/ I1 t! r! U+ wforeign investors - all of whom fuel the demand for houses, placing added
1 r$ Q- U: F Q6 @; G; g" kpressure on tight inventory levels.3 C+ H, P) l! J* w
|% R$ s! c8 O0 y+ m$ c$ j0 V
Victoria's market is vibrant and supported by strong economic: f2 O1 { Q" R( L- D
fundamentals, fuelled by a booming tech sector and a migration of young people# D/ f$ E$ ^. }. Q/ ?
into the city that has continued to support the area's house price increases;( {* I+ V% d3 m$ c
while increased inventory levels have afforded buyers more time when searching
- @# W' e" q6 J4 m- g# Vfor a home, helping to normalize the market's pace.
9 Z7 }4 [ Y. n) I+ F- I0 y
9 S' Q" W8 v) d2 E( e r <<
1 G# n* P6 a# B8 a' w5 f% Y; T' n Survey of Canadian Average House Prices in the Third Quarter 20066 j' ]& y8 ~( q) `
]6 M: E( u o$ r: Q# J! I# J -------------------------------------------------------------------------
1 U, q. _+ `. [- ?$ ~# U/ l Detached Bungalows Standard Two Storey
" {7 z8 u* F. f* Q# M -------------------------------------------------------------------------
: c3 F$ \" e- }, E 2006 Q3 2005 Q3 Bungalow 2006 Q3 2005 Q3
/ d! a# \/ p( e/ R2 Y" K5 t& z Market Average Average % Change Average Average
+ L/ Z9 [# [. O -------------------------------------------------------------------------6 }# z7 W( c7 C( j% Y
Halifax 186,333 173,333 7.5% 198,667 199,000) I2 R4 x' a, @$ J
-------------------------------------------------------------------------/ j' W3 @& T1 w+ ^
Charlottetown 145,000 141,000 2.8% 175,000 170,000
1 c. f1 B8 Q4 s -------------------------------------------------------------------------
; U: ]6 ]+ O1 \, ~ `5 h) D Moncton 135,000 127,000 6.3% 129,000 123,000
' O3 H8 }$ V) P( a: E1 k) S -------------------------------------------------------------------------7 V$ i# p' D4 q2 Z3 Y. |9 {
Saint John 141,200 142,900 -1.2% - -8 t6 N$ T# q0 G- a" s$ g1 i/ p! k6 [
-------------------------------------------------------------------------, U, d1 H; G0 P8 V8 ^6 W7 ?
St. John's 143,667 142,667 0.7% 200,667 202,333: ~$ e2 W( T. o {) a9 P: X) `- y
-------------------------------------------------------------------------: M+ E! z+ q1 u" E6 P3 _
Atlantic 150,240 145,380 3.3% 175,833 173,583
9 G K( W6 {9 T+ i% M# K -------------------------------------------------------------------------
/ [5 U5 k x+ j1 J Montreal 213,691 203,500 5.0% 321,141 316,185
$ E0 G6 F; a. @$ h) [. o% ~+ g -------------------------------------------------------------------------8 x0 t6 G4 P5 g5 m
Ottawa 290,083 278,417 4.2% 285,667 273,250+ F: u' z7 B) v( t9 n9 Q
-------------------------------------------------------------------------
. p! u2 R- y$ {0 n: \ Toronto 373,368 355,882 4.9% 481,523 474,766
# y# N: E$ K" E# {" s -------------------------------------------------------------------------
0 w& _+ q9 i/ ~0 x Winnipeg 181,579 159,860 13.6% 202,337 180,707* @, w! Y/ i# a |4 l& S1 W
-------------------------------------------------------------------------
* |( p/ R6 d7 }* k0 i: ` Saskatchewan 170,667 156,083 9.3% 182,600 166,500
3 [; m$ h; U! y -------------------------------------------------------------------------; x% s) Y6 E* o. ^: i! T2 ?
Calgary 395,067 252,411 56.5% 405,778 264,389
4 {) P9 [, h$ I; K" |# _0 M -------------------------------------------------------------------------
% o6 e9 _- ~- z) Z4 Z6 n Edmonton 286,857 194,857 47.2% 316,429 206,714
. O9 z* l/ v% H: c; u -------------------------------------------------------------------------
- `8 { \1 I% d Vancouver 704,250 601,000 17.2% 794,000 697,500
7 z5 H# ^+ v9 u$ Y& r -------------------------------------------------------------------------
% T9 E8 @0 W. Q( N3 A9 Q+ ]5 Y Victoria 375,000 348,000 7.8% 403,000 391,000
$ C. x' T3 O0 c7 p -------------------------------------------------------------------------& _/ Q/ U" g* [: o
National 300,365 258,202 16.3% 365,380 322,860
7 ?% V' C& \1 t \0 k" b" l# ]+ c -------------------------------------------------------------------------4 m' U7 K. U% h( P- Y
. }- ^' F7 c+ O8 S8 ^0 l6 J
------------------------------------------------------------- e( f! e/ _- n' V* T7 Z
Standard Condominium
8 z7 b0 \; w' ?8 m) M -------------------------------------------------------------/ m' Q) Z7 [4 ? g1 L
2-Storey 2006 Q3 2005 Q3 Condo; K( h4 i# w. a0 h+ r; d- y7 _
Market % Change Average Average % Change
- w, X, B9 c. Z -------------------------------------------------------------
% }. _/ a9 ]6 a0 P2 } Halifax -0.2% 142,000 103,000 37.9%
: t [; r- p4 E4 e -------------------------------------------------------------8 o1 l. P Y+ Z7 U
Charlottetown 2.9% 98,000 98,000 0.0%
5 w* }. b9 t! ?) l# c6 c -------------------------------------------------------------
/ i3 ~5 B9 e5 D1 h9 k9 D @! s/ X Moncton 4.9% - - N/A
1 ^2 ^+ @& h, T -------------------------------------------------------------2 h6 ~% I: D. V& }
Saint John N/A - - N/A
9 A; f/ ?9 u% ~ -------------------------------------------------------------
2 D3 F9 e7 c" F St. John's -0.8% 146,333 145,667 0.5%8 ?$ e' a3 W1 u# P, t8 A
-------------------------------------------------------------/ L# ]2 E& w+ F/ Z! ^+ n
Atlantic 1.3% 128,778 115,556 11.4%0 x7 Q8 o( m, P4 {" Q
-------------------------------------------------------------* q& \( ]# ~; p9 P8 X
Montreal 1.6% 193,190 188,016 2.8%: W. W5 y3 M* B, t) D2 y# ^
-------------------------------------------------------------& S" J6 w7 M7 b
Ottawa 4.5% 181,083 172,250 5.1%/ q( l7 z& K& c: v+ u+ W% ]
-------------------------------------------------------------
3 f) U+ @; o, B1 Q; @* t& e7 Y Toronto 1.4% 252,088 242,918 3.8% [& K0 ]% ]7 z8 ?2 C Y8 c/ I% n
-------------------------------------------------------------5 Q8 f5 x3 E# X u% i
Winnipeg 12.0% 105,648 96,008 10.0%
- u5 a2 S6 {% I4 E! m- Q -------------------------------------------------------------
$ |% j: [# j- }4 V, P) H+ e/ m Saskatchewan 9.7% 106,250 101,000 5.2%9 m, C3 }* i# n0 X( y
-------------------------------------------------------------
. K1 Q( o/ y1 j5 b Calgary 53.5% 245,844 153,867 59.8%% o5 P5 T6 I3 {& s( v' g, B
-------------------------------------------------------------
2 y* Y# B& S) Q& ^9 J Edmonton 53.1% 200,433 131,500 52.4%6 J8 M6 k# W; E$ w* Y6 a
-------------------------------------------------------------
8 z R- o/ ~& ~6 _9 B Vancouver 13.8% 366,250 323,250 13.3%
% ]- Z' I$ s% [) c7 C$ S -------------------------------------------------------------
# {/ K f/ C: K R) ?6 x5 U8 ? S5 n Victoria 3.1% 229,000 220,000 4.1%
- Q' {* z M) g* [- W8 l& y; X9 W& } -------------------------------------------------------------
. J8 m q! j9 A9 g% X8 A! O National 13.2% 211,562 185,296 14.2%
* R5 w- u' F0 Y0 z$ ~6 Y2 P" T -------------------------------------------------------------9 Y0 b: D/ \" T. T: w/ a9 x
>>, H5 a. o: O# G- o7 L G
- L9 e0 R# f& ^% f8 `
Average house prices are based on an average of all sub-markets examined! f+ ]1 ]7 q0 l2 E8 @6 a
in the area, except for the smaller markets of Charlottetown, Moncton, Saint( I: `7 Y5 L0 {0 X# V1 ?
John and Victoria.
' P2 e) P4 h! A% p( D
6 r. Q/ K8 G: q* O( i* | The Royal LePage Survey of Canadian House Prices is the largest, most
r: ?; p, M% icomprehensive study of its kind in Canada, with information on seven types of) \) I. Y- L: r. J3 Z$ R6 ?
housing in over 250 neighbourhoods from coast to coast. This release
7 s& Q O$ v- \" S* {references an abbreviated version of the survey, which highlights house price8 V, }* |" v& }
trends for the three most common types of housing in Canada in 80 communities. v; o$ } R1 \% g! t. g
across the country. A complete database of past and present surveys is
6 I: e* M3 B0 h/ ]2 @1 p" Kavailable on the Royal LePage Web site at www.royallepage.ca, and current/ d- n1 E% [# p+ p1 l- C. ^( r
figures will be updated following the end of the third quarter. A printable
( h+ l z9 D3 `' p, G3 {version of the third quarter 2006 survey will be available online on
( P1 F- E* P# F |3 c6 g8 `$ \4 bNovember 15, 2006.
. X( _- n# a1 q' ~/ M Housing values in the Royal LePage Survey are Royal LePage opinions of: l4 m8 L$ s9 ^& i+ o
fair market value in each location, based on local data and market knowledge& z% S1 g$ U; L4 r) n( @2 m8 G: b
provided by Royal LePage residential real estate experts. Historical data is) h9 f/ T' ]+ G1 r
available for some areas back to the early 1970s. |
|