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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 & b5 J. q- A  @9 Y; X

9 r) W  l" s" ?. d8 A0 g1 V7 a- Country's market poised to show growth throughout 2006 -
& F- D5 I( t6 R- ]( j2 V4 O
4 {& D8 b! W9 }, [1 P    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market
; E6 D3 y! B. k% V( Hexhibited moderate price increases and stable unit sales during the third
1 K  ?6 v7 e2 H- squarter. Wide regional variances continued to be the dominant characteristic
% Z5 ^  y# z7 Y$ |in the market, exemplified by frenzied levels of activity and double digit* D  N1 j' l) Q% E
price gains observed in the energy and commodity rich Western provinces, and; Z4 ^1 S9 A0 {$ o
more reasonable sales volumes and moderate price appreciation in Ontario,' X0 w2 Q4 @' W: ~8 [/ n, \% {
Quebec and Atlantic Canada, according to a report released today by Royal
; D3 W9 z" P) c8 f& q! s$ tLePage Real Estate Services.
$ c; m( G& {* F, k6 J7 Z; o! @; j* g
% D; U& a6 R7 c! u1 \    Nationally, market trends established through the first three quarters6 e3 E8 g$ C7 s4 n* _
are forecast to continue for the remainder of the year. Robust economic1 G0 x. X- H) M- A
conditions, low unemployment rates, modestly growing salaries and wages, and
& L& K8 p' R! N; t3 o6 {sound consumer confidence contributed to the overall strength of the
+ T$ W) \. E3 U. ^, qresidential real estate sector.- @, A. [2 q0 [) ~

/ ]0 p% }8 d6 ^6 u$ b( d: f2 X    Of the housing types surveyed, the highest average price appreciation
9 [. ], T( X  y3 q; xoccurred in detached bungalows, which rose to $300,365 (+16.3%)
% I# {3 m1 g7 Jyear-over-year, followed by standard condominiums, which rose to $211,562
$ _  |5 G/ F0 H: E0 s5 b' g(+14.2%), and standard two-storey properties, which increased to $365,380- @- ~/ M5 L. U; }
(+13.2%).% F  M  Z! E2 f6 |; w- X6 [
9 Y) K+ B& Z( Y! g
    "Canada's sturdy housing market continued to demonstrate steady growth( H8 P- @$ o1 p0 J0 b# }8 ?; I
during the third quarter. For all but the west, we have moved on from the5 w3 A/ x3 ?, C* B% s
frenzied expansion that characterized the first half of this decade, and are
9 a* Y% q. }! z. m- E7 _poised to show continued growth at a more moderate pace," said Phil Soper,, m  R) S( ?( u9 j, m9 a
president and chief executive officer, Royal LePage Real Estate Services.
; c1 ^- s" i/ i! L) q% _" E8 I"Gone is the sellers' market that we have lived with for some years. We
- F2 {5 D/ ~" M& a9 h- Rwelcome the more reliable conditions that are characteristic of a healthy, q$ a+ Y1 V9 j* H0 P. [
balanced market."7 }- D3 t+ B( {) \; M) ]7 a! S
$ y; g1 x$ ]6 U
    Despite the double-digit rise in average national house prices,
" p: x# {, \) a3 X! m2 f* Pconsiderable regional variances were exhibited again this quarter. The shift
2 u2 @) I/ @# S, \9 {9 fto balanced market conditions, which began in late 2005, has continued1 u+ s) L6 ?- s& ]: d1 Z
throughout most of the Central and Eastern regions of the country. In the core6 y$ c6 W3 f5 O8 P  }  q* s
energy producing western provinces, the combination of very high in-migration,
; Y! [( t" x% m( g" @! C/ [  h0 y7 fmanageable affordability, and a shortage of inventory has driven record
( e7 E0 A4 V; h, Y( Qbreaking price appreciations.  e, _2 [8 P% H7 ]8 w
4 [- [: n9 t1 f7 B/ ~2 x* X
    Echoing the second quarter and supported by Alberta's rapidly expanding
$ o  t7 o& H+ j4 ~( Geconomy, Calgary and Edmonton led the charge of Canadian cities with the3 I9 ]; y% y. y6 J2 K
largest house price appreciation in all housing types surveyed.
; Z7 ?$ w- w8 M2 v; F2 m* Z$ t- ~  a3 ^$ n
    In Ottawa and Toronto, growth remained steady, supported by solid* |+ m) E5 `* z) _# [: v8 x( @
economic fundamentals, an increase in available inventory and strong consumer
% N* d5 D9 c, n6 a9 @confidence. While the pace of price appreciation in Ontario leveled off
! ~% N; g* F! U$ L* lslightly, the province's real estate market remains poised for modest growth./ q" G$ y# l5 M
In Atlantic Canada, new housing and condominium construction offered buyers1 D2 y( X7 j+ i+ _. a/ [# d) ?
greater selection at more competitive prices, resulting in a slower rate of
1 f4 d+ c9 a9 {) ^price appreciation when compared with 2005.! q; l& E8 n$ J* c! T% Z5 E

9 Z0 S  y4 H( y  t    While the pace of growth in Canada has slowed, the domestic housing# s! z9 `: A! F/ w  N9 `' {/ K6 J$ I9 J
market is expected to outperform the American market. The economic and6 N9 F) x) u- W9 K( B3 ]4 t
financial fundamentals driving the residential real estate sector in Canada) O; [% ~0 Y% z; p: b- N
are markedly different than those found in the United States.$ ^" w/ k$ s0 n5 q9 b5 P; `
4 x' P6 \# z+ w/ M& v3 S  E/ c
    Added Soper: "Canada's housing market is likely to outperform the
' M- x$ M, W  U+ T$ y/ vAmerican market through 2007. A number of factors are working in Canada's
+ P! G; _, F; m6 O, {! Efavour, including healthy personal and governmental debt levels, the' Z" e4 z! i! e$ t
relatively modest rise in interest rates in our country, and general
6 v/ B8 \  [- w# n% ?. T, baffordability in our major cities. In addition, Americans are now seeing the7 y/ d+ b6 f3 U4 |; s8 L  \
downside of a tax system that encourages maximum homeowner leverage, and
1 T2 X; o0 A; G, faggressive financial products such as zero- and negative-amortization
  \* [* @$ w3 F! P' T4 Bmortgages that work only in a high price growth environment."
2 _6 k) ~) [2 Z1 W) \' {
( ^) [1 ?! v  N) e! J$ q    <<
' |2 f: u# X2 l! L% T                             REGIONAL SUMMARIES
0 w/ `: a* `  V' q. @* \    >>- e7 T1 r6 y2 k1 ^

* i/ @4 B2 u7 [$ t( H7 B& c    Balanced conditions continued to characterize the housing market in5 p- P! T! K% h. p+ F4 a7 w
Halifax, as significantly higher inventory levels helped to moderate the rate
: N& e" ~1 ^; ^+ jof price appreciation. Buyers were increasingly choosy, taking more time
9 k7 n3 h& F: s8 Z7 \looking for newer, low-maintenance properties that were not in need of+ i5 X5 f3 C- P7 V( s2 e+ q! M
renovations.
* Z& i8 Z" O/ q, f' a; W. n# R; j+ |4 S: i" H/ H% R
    The housing market in Moncton remained healthy and strong as a slight
$ Y2 F5 e6 L% |/ bincrease in inventory helped to moderate the rate of price appreciation
+ u7 {* y# N5 ucompared to the same period in 2005. Activity was brisk throughout August and
9 k, j, O8 [% i+ A( k1 KSeptember and is expected to remain this way through the fourth quarter.  o( t0 U6 J$ L# S

( N4 s2 t/ G7 G- ~8 F9 `1 U    The housing market in Saint John underwent its traditional summer
4 K5 q; _8 |' ]$ W+ @3 |: Islowdown in the third quarter, with activity picking up towards the end of the
: [# J" x2 F/ b0 ?+ i: V" Iquarter. The local economy continued to thrive, as construction on a new
2 B, M# e) Y% @( ~! A7 b600,000 square-foot shopping area has begun, bringing several new box stores$ A- T  H% n' G
to the area. Buyers have begun seeking less expensive fixtures for their homes4 B; X0 ], L' w  j  c' i' T# c
and are instead opting for more affordable housing options.
3 m4 H% T# H6 g
8 L6 m, E2 A& R* }4 i7 z( Q8 h    In Charlottetown, the housing market started to move towards balanced" q! i; F2 |. k5 h& m/ r- x
conditions, as some sellers had to begin to lower the asking prices on their
) T" b; \0 e6 K6 Z/ Q7 Shomes to make them more competitive. Activity from out-of-town and US buyers
0 k! K/ ]# Z4 ~3 F: ?9 N' v, T8 Owas down slightly compared to 2005, likely attributable to the strong Canadian
: {# W; r' l/ a6 ^/ B. j3 W. Gdollar. Inventory levels began to creep up in the third quarter, providing; ]1 x6 l: B2 u3 V
buyers with more options when looking for a home.
3 q; P( g" z& @4 b
* z: ~' M0 K: Z' x& w8 f4 A    Activity in St. John's slowed slightly in the third quarter, particularly$ O) [5 a% [3 J" M' `$ ^. [
among higher-priced properties, where there was a slight over-supply of homes5 S: a2 J1 E/ z7 e4 X, _: r* J( [
priced over $200,000. Listing periods have increased when compared with 2005,
  M& b+ R8 f3 Uas some of the pent-up demand that had characterized the market over the last
* u+ B+ j5 h/ n" s) T( d# b0 y4 }few years has been satisfied, resulting in more normal, balanced conditions.
. e. {8 q6 a, n* s1 U9 y0 t5 q  l2 T5 M1 s# P. K3 {1 W
    Montreal's housing market recorded modest increases in average house0 v5 m" Z$ q& y4 K. ^
prices, due to a slight seasonal slowdown in the third quarter as inventory
2 d4 R& e- _$ r( \5 tlevels rose. Part of this can be attributed to the fact that many renting: x; u8 c( s$ V" r7 e, a
first-time buyers were motivated to close on the purchase of a home by July 1,
3 P% i6 E: ^/ x) @: Twhen rental leases expire in Quebec. Once this date has passed some of the
4 J2 I% p2 J- I' c, r& w8 qpressure is taken off the market, allowing buyers to visit more homes before
& @4 a* B' ?  M* Qmaking a purchase.
: R+ \) O+ f, z8 x) p# z
$ z' J" [( G% ~( @4 V( a+ C    Ottawa held its position as one of the country's most stable housing
' H; `) a5 \( N2 z& M+ _markets in the third quarter, reinforced by a vibrant local economy and strong
/ Z$ E. G4 |5 f  Pconfidence, resulting in modest increases in average house prices. The city
" m9 W; n' p% Z# F' b- A0 q! Tcentre remained a bright spot in Ottawa, with homes in this area attracting  b% c9 ~3 }: S' M: L7 E: E
attention due to their convenient location and proximity to downtown
. {% p8 N  \0 w1 p2 C: t# T" Famenities.
- x3 Q: g7 C! l; ?
, l" K- T4 F% O, V    The housing market in Toronto sustained healthy activity levels  A) x. [( U. P1 C6 n/ P, J
throughout the third quarter, as a strong economy helped to maintain demand
4 E* M, J# X6 u( _; [across the city, causing average house prices to rise moderately. Toronto has% d7 _" @1 M+ E9 M& g
continued to experience modest growth in average house prices, and has been) a3 r9 w# v- A& N. Z" k
driven primarily by purchasers who are buying homes as their principle
" y0 \1 i, F- B" ^* b# iresidence, rather than for investment.
- C/ w0 i6 k( m  M
! L6 m  W$ f8 m    The vibrant Winnipeg housing market continued to show its strength as# e8 j* ~4 a2 Y$ p; ]3 t
house prices rose during the third quarter. The booming local economy resulted
* x6 R- D4 ~+ h' L) [; Gin a historically low unemployment rate, helping to bolster consumer4 e# g1 k7 ?7 c+ c- i9 K# M
confidence and Winnipeg's ranking as the city with the lowest capitalization2 [  T& W; k. T3 O1 y3 I6 q0 K2 d
rate among the country's larger cities - helped to encourage buyers to enter0 A7 E* F& z, `# w
the market.7 E8 m8 ]1 g; I
. {  U- e0 O" F# e' i  a9 v
    In Regina, the market experienced a slight seasonal slowdown through0 T4 B/ j0 f4 s; r8 u( U
July, as there were fewer purchasers in the market due to summer vacations. In: b7 \. i: ?: j! x4 M: N  o
August, activity resumed to the busy pace previously seen in the spring
* K# q& ?: I' S* `3 V; u" A$ \2 umonths, as the influx of purchasers made it more difficult to find a home due
5 w+ A3 V; b4 m; }, W, Mto the shortage of available inventory.
; H4 `. @; s  K# w# n7 L
$ V. Z: D8 G$ H) W: o9 E, c( [5 N/ r    Activity in Saskatoon remained brisk as the market maintained its* B  d, k& Y: b+ v
momentum from the busy spring sales period. The economy in Saskatoon remains$ R8 t6 ]* a/ p5 c& z# U! g
vibrant, as employment opportunities are abundant with many businesses
( |, S& [% [- Pstruggling to make hires and having to recruit outside the province.! X5 v/ n; e" w1 U2 e& j
- L/ D3 R8 t% |2 _1 ~  x
    Calgary's housing market recorded blazing average house price increases3 L1 L0 ~! @& N0 Z5 W  z4 [, l
in the third quarter, in all surveyed categories. The burgeoning economy, low
) |% d  l# X6 k9 Aunemployment rates and low inventory levels remained the leading factors that
5 B4 [* v' |& ]6 G( z# Epressured Calgary's house prices upwards. However, regardless of the soaring
7 V& F+ W6 J- A4 Oprices that characterized the market - even during the typically slower summer
% |+ X( Y# v2 }% f; `/ k6 [% tseason - it is expected that activity will become slightly more balanced, as
8 f2 o. q4 @. ^buyers are becoming more reluctant to participate in the frenetic activity.
$ C- P7 |/ G8 C5 T& {7 j5 e

: S- c" G6 h3 ]5 L    Edmonton's booming local economy continued to thrive in the third quarter: `1 s2 Y+ T1 @: z# I( q4 E
as activity in the oil sands north of the city continued to flourish. Edmonton* |  j; ~% E6 B0 E+ O2 e% P9 D+ l/ l
remained the hub of activity for those coming to work in the oil industry,
! y. p& x: [4 [( K2 p; h; Imaintaining tight inventory levels across the city, resulting in prices
% x0 L- P) U3 d1 X. \$ pincreasing at record levels. However, as inventory levels continued to improve$ G) ]( P! p0 J7 _. v7 }
in the third quarter the rate of price appreciation should moderate slightly. z3 l- t$ ~  g9 j7 S1 Z
towards the end of 2006.
    , f, x( l5 O  t. A7 I' o  P

  B& g1 O1 E. A  [+ X/ x% hWhile Vancouver has seen a slight reprieve from the severe shortage of1 W% W7 t" n1 p
inventory that had previously characterized the market, supply is still unable& X) H- V  m2 v: b$ C, M  _
to meet demand, driving house prices upwards. Vancouver has a very diverse
6 O; |0 o) x3 ]- f- m  `3 O4 Fgroup of active buyers - from first-time home buyers to baby-boomers to
0 u) m( j; V0 H8 ^: Y/ Aforeign investors - all of whom fuel the demand for houses, placing added
5 Y9 m6 V& D: x, S) v8 @pressure on tight inventory levels.
5 b" b7 I% P5 s* _! C* f! ^
9 t% Z: s. |% k1 a    Victoria's market is vibrant and supported by strong economic
7 Y" S6 z+ F; H5 ]( X" Y) Lfundamentals, fuelled by a booming tech sector and a migration of young people
. m* G' ~$ b2 v6 C' ?+ Dinto the city that has continued to support the area's house price increases;
: v# ^7 ~+ e4 g- Vwhile increased inventory levels have afforded buyers more time when searching' t% R( B' P% Z. b) T; t
for a home, helping to normalize the market's pace.
. j( _: \8 V% @+ L9 i. I7 K6 H; \+ s" ?8 {. J2 @( V
    <<! {& F' J" D& Z/ {5 M5 _% L6 ]& ]
      Survey of Canadian Average House Prices in the Third Quarter 2006. X! q' Q! |+ @. [

1 b: n' Z3 }+ g! i5 n3 W  I7 _    -------------------------------------------------------------------------
' O8 H# C. e4 x, R                 Detached Bungalows                Standard Two Storey
0 Y4 c5 e' R. B8 O    -------------------------------------------------------------------------
2 J1 z5 x( T: o* S                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q3. o% q5 ]8 J* A9 N  o2 f
    Market           Average     Average    % Change     Average     Average; ~4 I! i' O2 Z( ~. \2 N
    -------------------------------------------------------------------------
( d' Q  o2 ~6 y    Halifax          186,333     173,333        7.5%     198,667     199,000' d4 k1 T, K! Z, p4 D8 e
    -------------------------------------------------------------------------7 d4 R6 n& }3 q; b$ w$ D
    Charlottetown    145,000     141,000        2.8%     175,000     170,0001 g+ c. u% M0 F. w3 q: j
    -------------------------------------------------------------------------
7 Q2 ]0 W2 M0 d/ {. A8 `    Moncton          135,000     127,000        6.3%     129,000     123,000; t/ Q  g# X; r) ?1 Z/ G9 |! _3 O
    -------------------------------------------------------------------------* i) l, g. e3 d& v, g2 R
    Saint John       141,200     142,900       -1.2%           -           -  u( [, _( B4 `1 A' E1 G1 z
    -------------------------------------------------------------------------4 O3 [( g6 q2 D) B
    St. John's       143,667     142,667        0.7%     200,667     202,333
+ y2 L. X! e3 k8 K3 K    -------------------------------------------------------------------------
* i" ^  ?1 W) A6 M0 @    Atlantic         150,240     145,380        3.3%     175,833     173,583
# ], k- z+ f0 m% h, b    -------------------------------------------------------------------------
% ]  S- |5 i( x# u    Montreal         213,691     203,500        5.0%     321,141     316,185$ {& \) m" m  [. f6 x
    -------------------------------------------------------------------------9 W3 W, o% c& i1 _
    Ottawa           290,083     278,417        4.2%     285,667     273,250
* L: o! B8 h+ C* i$ L9 R  G    -------------------------------------------------------------------------3 `% }0 A# b$ c3 f# O
    Toronto          373,368     355,882        4.9%     481,523     474,766  V( b; ?5 ^" ?& ^8 ^: p
    -------------------------------------------------------------------------
" I3 Z0 T$ Q# M: J* C    Winnipeg         181,579     159,860       13.6%     202,337     180,707
) y+ X  H( t- T( V    -------------------------------------------------------------------------/ }& X: i* M1 Y" V
    Saskatchewan     170,667     156,083        9.3%     182,600     166,500
9 e3 w7 J: R; A' w1 \, |. j6 n6 R    -------------------------------------------------------------------------0 ?- E$ H4 l0 A+ [' t: U  W
    Calgary          395,067     252,411       56.5%     405,778     264,389
" Q7 j3 K3 Y' A  w    -------------------------------------------------------------------------' M2 r% z6 r! O! s6 I7 X$ l: m8 `
    Edmonton         286,857     194,857       47.2%     316,429     206,7147 v0 P, x4 P, v
    -------------------------------------------------------------------------7 i: t# t6 |0 ~; I
    Vancouver        704,250     601,000       17.2%     794,000     697,500
9 l, V6 I! g, @( }    -------------------------------------------------------------------------: }- y2 v+ l9 c6 @4 @
    Victoria         375,000     348,000        7.8%     403,000     391,000
+ a( `! ?1 [" D+ O    -------------------------------------------------------------------------
* I- q: K% U6 T/ M. B, ~5 n    National         300,365     258,202       16.3%     365,380     322,860
  r5 [" F( U6 `1 E, D( S+ [    -------------------------------------------------------------------------7 W+ o6 }9 J1 U3 o& p6 r3 b1 D
6 s2 y  F: q/ a% \4 R( e0 Q: O, i
    -------------------------------------------------------------3 ^6 H1 O6 K" y+ i8 d5 n8 i! D/ ]( s% S
                               Standard Condominium: d* m6 L5 l: B& T
    -------------------------------------------------------------
0 w2 Z1 X% |* V; _- }0 ]0 T                    2-Storey     2006 Q3     2005 Q3       Condo, x& v" ]3 E) j. j/ n8 n
    Market          % Change     Average     Average    % Change
0 j3 M% J) Q2 G# X: l9 ~* K9 Z) }    -------------------------------------------------------------0 m' I* b- u' Z% s+ ^
    Halifax            -0.2%     142,000     103,000       37.9%1 B/ `( O. ]# N! p$ a$ a( w
    -------------------------------------------------------------
* r! z" w9 o. T    Charlottetown       2.9%      98,000      98,000        0.0%, g: l# P8 M5 L4 |; u. b
    -------------------------------------------------------------7 h  u7 z6 f* c! n
    Moncton             4.9%           -           -         N/A
; H3 X0 M4 S/ }/ f" h    -------------------------------------------------------------
' x0 ]0 l7 N# ]/ Z6 {    Saint John           N/A           -           -         N/A
  w' u3 B  ^0 g. F  B9 q    -------------------------------------------------------------
2 ^, Y9 o# @1 n" R! r* }    St. John's         -0.8%     146,333     145,667        0.5%6 K8 t$ t7 C( k( ?" s# H
    -------------------------------------------------------------. I6 x/ L& X7 S; x; t8 u
    Atlantic            1.3%     128,778     115,556       11.4%
9 ]+ [' f' b3 y* l) M) i$ e4 J    -------------------------------------------------------------% X& X) V# ?) l4 D! @
    Montreal            1.6%     193,190     188,016        2.8%
7 A& h% q* y, \) G% [1 D; e, |    -------------------------------------------------------------
$ s2 k% x7 Y4 B% ~    Ottawa              4.5%     181,083     172,250        5.1%! g" _$ ]' A9 v" C: |
    -------------------------------------------------------------. f0 j/ k! l% S+ O* M& v3 d7 x
    Toronto             1.4%     252,088     242,918        3.8%
7 @- U8 u' y) e" \, Y7 N    -------------------------------------------------------------* v1 r' a6 A$ z
    Winnipeg           12.0%     105,648      96,008       10.0%
! ]1 i- N  Q8 b- r' w3 Q3 U$ ?    -------------------------------------------------------------7 o& R$ a1 s/ z. Y
    Saskatchewan        9.7%     106,250     101,000        5.2%. e$ |; S# w) w* O0 E; A
    -------------------------------------------------------------( v4 ], z. ~% }" Z( y
    Calgary            53.5%     245,844     153,867       59.8%+ Z4 ~" {+ }# i" I' ~3 Y! C
    -------------------------------------------------------------5 u0 n' N9 Y9 s- W
    Edmonton           53.1%     200,433     131,500       52.4%) z) {  w0 y1 ^/ u& A. R" x- h
    -------------------------------------------------------------
( l8 K7 {: @/ K    Vancouver          13.8%     366,250     323,250       13.3%( Y; ?, S9 Y# A: a4 Z
    -------------------------------------------------------------- }) p3 H* Z# D; s
    Victoria            3.1%     229,000     220,000        4.1%: x7 i* \; r$ v5 b
    -------------------------------------------------------------. n' l$ |, x. v8 [" ?6 ^7 A
    National           13.2%     211,562     185,296       14.2%
7 v2 N+ F' M- Q! a5 h2 q    -------------------------------------------------------------
! o' n4 f: r. }4 d: @    >>
9 S' E, m: I  I8 L. F0 a* \4 k0 A( Y
    Average house prices are based on an average of all sub-markets examined
+ L) s7 j6 w& I; w& ^in the area, except for the smaller markets of Charlottetown, Moncton, Saint
* V% L* A' s3 _# J  O4 tJohn and Victoria.
6 ?3 e1 c2 u8 F, @) T5 ^: u# w: X5 i, K
    The Royal LePage Survey of Canadian House Prices is the largest, most/ W' t# Q/ ?$ |# D9 p7 w! F- K
comprehensive study of its kind in Canada, with information on seven types of( v7 T& t& D- l4 c
housing in over 250 neighbourhoods from coast to coast. This release
4 g- u' U0 k8 R2 yreferences an abbreviated version of the survey, which highlights house price# X% B( p( P- `; V) v
trends for the three most common types of housing in Canada in 80 communities$ h% q1 P, g6 i
across the country. A complete database of past and present surveys is& d* f/ z1 M( U7 R' ^2 r
available on the Royal LePage Web site at www.royallepage.ca, and current" T8 f" g, n. ^  |
figures will be updated following the end of the third quarter. A printable% }9 w% P4 h' K, ]- B
version of the third quarter 2006 survey will be available online on
' R" f$ F. c( ?% U( d7 ^November 15, 2006.
7 O4 s" v. ^$ D4 D% P* J    Housing values in the Royal LePage Survey are Royal LePage opinions of
) n. t9 `7 R7 A% ffair market value in each location, based on local data and market knowledge
( c( w- @7 o7 x# fprovided by Royal LePage residential real estate experts. Historical data is
% }7 d6 n* H, D9 E0 ]" Vavailable for some areas back to the early 1970s.
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