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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 " ^3 [. Y4 V7 ^+ X0 F/ a
) ]4 w- j& T5 w0 q: A7 ?6 x' v3 }
- Country's market poised to show growth throughout 2006 -; M1 s+ Y6 ^4 F& |6 ^9 F

9 h0 a" \  j" N+ ?. ?    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market* r( O. y' J1 U+ p
exhibited moderate price increases and stable unit sales during the third
8 D/ X" k: f0 Oquarter. Wide regional variances continued to be the dominant characteristic
% Z  y; L8 |. W0 h; C6 win the market, exemplified by frenzied levels of activity and double digit
3 Z' L0 d2 I0 n& ~  w' o' `price gains observed in the energy and commodity rich Western provinces, and
4 p) m. X; |9 Lmore reasonable sales volumes and moderate price appreciation in Ontario,
+ C1 Q$ l5 o5 ^Quebec and Atlantic Canada, according to a report released today by Royal; B8 {- N# I4 `
LePage Real Estate Services.
! C2 G9 e, x' C  v, ?) D
) @5 x' X! z+ \5 ^9 I0 k2 T    Nationally, market trends established through the first three quarters
# Q: ]% M( _- E9 P/ j- ware forecast to continue for the remainder of the year. Robust economic. y1 U' I; E$ w: Z3 L, e
conditions, low unemployment rates, modestly growing salaries and wages, and
- M; \; R( h0 ~* t7 b1 osound consumer confidence contributed to the overall strength of the
' Z" t5 V( A7 @2 ^% o7 b7 |1 vresidential real estate sector.
$ n+ g! s! u- ^* o* V5 G/ C
& `! d. Y- }$ i+ c6 ]% N- H    Of the housing types surveyed, the highest average price appreciation; j, K% Z* g; N
occurred in detached bungalows, which rose to $300,365 (+16.3%)6 R% \" \1 o5 v- e# A9 k
year-over-year, followed by standard condominiums, which rose to $211,562! }, I1 R& z" ?+ D% S8 ]3 L
(+14.2%), and standard two-storey properties, which increased to $365,3809 ^9 ?  _7 x" r) r( {
(+13.2%).1 _% Z9 C' }! D5 I5 u" `0 ?/ O

# L8 L3 i. p1 B: A* p% C    "Canada's sturdy housing market continued to demonstrate steady growth
, ^( d7 y4 \' Oduring the third quarter. For all but the west, we have moved on from the& V7 Y5 O4 ]3 O1 y+ J4 c
frenzied expansion that characterized the first half of this decade, and are" P3 ~# @( q' r
poised to show continued growth at a more moderate pace," said Phil Soper,) u! D- Q4 ~+ p$ }9 U9 P, S
president and chief executive officer, Royal LePage Real Estate Services.7 f2 n' u+ h* G3 V( t2 }% u
"Gone is the sellers' market that we have lived with for some years. We: l  T) K& f6 D, p8 I7 H3 F+ d
welcome the more reliable conditions that are characteristic of a healthy
& \6 l/ |& ^: I9 R6 S$ X9 W$ zbalanced market."$ p. `" @/ ?' C( D: A' t# U

; i( ]; q! C, P- `    Despite the double-digit rise in average national house prices,3 n7 A3 a; W* Q$ _  }
considerable regional variances were exhibited again this quarter. The shift3 ^9 Z1 i- A$ |) ?
to balanced market conditions, which began in late 2005, has continued
4 Y: o% B0 I& Ethroughout most of the Central and Eastern regions of the country. In the core
' Y* b: h7 }' _, Y6 H; ^energy producing western provinces, the combination of very high in-migration,2 D- I( c7 i' D: Y8 L% K4 L
manageable affordability, and a shortage of inventory has driven record
9 U$ G8 c( X$ N, S, pbreaking price appreciations.  j' r, N- X4 \+ e9 P0 b# h

9 q1 R  _) e5 M    Echoing the second quarter and supported by Alberta's rapidly expanding- }+ u- I$ S# X. B& T4 T7 _/ n
economy, Calgary and Edmonton led the charge of Canadian cities with the
1 n8 M( B/ W5 X6 tlargest house price appreciation in all housing types surveyed.
3 V! s4 C" V5 F' S" m
1 N+ {7 f+ L) v& ]    In Ottawa and Toronto, growth remained steady, supported by solid
9 \3 R, U9 C3 p0 Zeconomic fundamentals, an increase in available inventory and strong consumer
; t7 F" ^. p( v+ h" J! n% E: Tconfidence. While the pace of price appreciation in Ontario leveled off$ Y) J% `( h4 E
slightly, the province's real estate market remains poised for modest growth., g8 w+ K$ S: ~: k
In Atlantic Canada, new housing and condominium construction offered buyers
% S6 K5 I4 w- Qgreater selection at more competitive prices, resulting in a slower rate of, m" M8 ?; u. M- r
price appreciation when compared with 2005.4 ^7 L1 W# w3 n1 |& I* V3 I
- i) H+ Z9 A! Q# a4 Q
    While the pace of growth in Canada has slowed, the domestic housing
" K- K3 {$ K. u  j$ ]0 bmarket is expected to outperform the American market. The economic and
1 I9 d0 M8 ~) G3 I/ G; P- b, Ffinancial fundamentals driving the residential real estate sector in Canada
( g1 a4 h' H, _( X8 f3 lare markedly different than those found in the United States.% ?0 g# y  C: J4 b' T( ]4 z

$ E8 i# ~6 B* D* d5 l    Added Soper: "Canada's housing market is likely to outperform the! F1 q5 b' I2 D# W) a/ d  O2 ]
American market through 2007. A number of factors are working in Canada's  {' Q: [% d/ x/ X7 n$ J7 i" ~' t
favour, including healthy personal and governmental debt levels, the
# v4 `$ h2 i  ?  t+ ^' P0 O" nrelatively modest rise in interest rates in our country, and general- P' F0 t* |! |* V- N1 m. R
affordability in our major cities. In addition, Americans are now seeing the+ p4 ]; @" ^# m7 t
downside of a tax system that encourages maximum homeowner leverage, and# y% j+ v) ~3 c2 S7 i: [
aggressive financial products such as zero- and negative-amortization
# b, [. K5 b$ ymortgages that work only in a high price growth environment."
% [3 B8 A  `- K' |4 g2 |  g  p) r7 @9 W( E4 L, O9 \" `
    <<
* X" a! ]. q; J, e0 s                             REGIONAL SUMMARIES
: l5 [2 Q: |0 O0 M, C3 m/ l    >>
* d) T' i* I4 B+ E; k  W$ N6 V- Z, b# {2 P/ ]
    Balanced conditions continued to characterize the housing market in! R  C' W5 b) {* m+ }
Halifax, as significantly higher inventory levels helped to moderate the rate
! b1 {; T1 L6 yof price appreciation. Buyers were increasingly choosy, taking more time
" U0 ^% s6 A2 o: g& J4 rlooking for newer, low-maintenance properties that were not in need of0 |. L+ ^6 [5 P
renovations.% t6 L$ e& J$ N8 d6 K" V( i
# m  N7 {2 s6 d, f; B# ^
    The housing market in Moncton remained healthy and strong as a slight
# n: s( j1 J; D; M3 m* w  `+ d! dincrease in inventory helped to moderate the rate of price appreciation7 t& y4 E. }8 S: J( r% p' D
compared to the same period in 2005. Activity was brisk throughout August and$ o& ^! T+ R+ _9 M9 z' ]! F
September and is expected to remain this way through the fourth quarter.
2 e( p3 w7 j7 `7 B1 R, f5 g/ Q% H" w4 H, _
    The housing market in Saint John underwent its traditional summer
9 F6 u! l/ X3 |( d' Lslowdown in the third quarter, with activity picking up towards the end of the
+ e8 k; K( M4 u3 }- u- q5 p4 d$ |quarter. The local economy continued to thrive, as construction on a new
7 b7 s- _$ [! g; a; P1 B600,000 square-foot shopping area has begun, bringing several new box stores- Y& s* n6 ]2 `* f6 z; P+ R
to the area. Buyers have begun seeking less expensive fixtures for their homes/ F3 K& P& ^3 U% ]4 f; T
and are instead opting for more affordable housing options.+ x  Y! Q$ s1 Y! j0 M
, P) ^1 i6 V( B& `1 A  @; K* b$ Z/ E
    In Charlottetown, the housing market started to move towards balanced& y& c' [* S5 h
conditions, as some sellers had to begin to lower the asking prices on their" z: q5 F2 p; m5 ^- v
homes to make them more competitive. Activity from out-of-town and US buyers
" W" o3 c, _# N8 o2 D5 ?1 ?was down slightly compared to 2005, likely attributable to the strong Canadian
- v1 m5 }: ]( ^4 e/ Ldollar. Inventory levels began to creep up in the third quarter, providing
8 R$ H) n- w: O5 r9 ~; V3 M, m9 t  o3 ubuyers with more options when looking for a home.) H4 l0 z6 z) X4 H
: b) L0 C2 r5 w2 F0 y
    Activity in St. John's slowed slightly in the third quarter, particularly, v1 U3 K( O$ s6 c1 N
among higher-priced properties, where there was a slight over-supply of homes9 g! C, E; j$ ]0 e$ u
priced over $200,000. Listing periods have increased when compared with 2005,- R; X' r# ?/ b  }2 @
as some of the pent-up demand that had characterized the market over the last
1 o* E: o; L* M. cfew years has been satisfied, resulting in more normal, balanced conditions.* C- E( P! |, B# L% A

. T6 _6 Q0 p( C# }$ t; X  V  y    Montreal's housing market recorded modest increases in average house
+ o0 L; J2 s- L, u' Yprices, due to a slight seasonal slowdown in the third quarter as inventory1 E0 I6 }, k9 U$ W* s0 k4 S
levels rose. Part of this can be attributed to the fact that many renting
2 p: V0 }, M8 @/ Ifirst-time buyers were motivated to close on the purchase of a home by July 1,7 y! r1 q. f! J) t7 k0 j
when rental leases expire in Quebec. Once this date has passed some of the
' G( x$ g6 W7 l  P6 }- spressure is taken off the market, allowing buyers to visit more homes before
/ I& n& H! g, e) T! F& S8 U) Nmaking a purchase.
) b6 O+ b% s0 S# b. ?% F
" e! [8 N( w+ P+ B. D7 Q    Ottawa held its position as one of the country's most stable housing
6 B+ q0 f, V+ w- r# A- N1 u0 ?markets in the third quarter, reinforced by a vibrant local economy and strong
! y0 W1 P: i5 K" rconfidence, resulting in modest increases in average house prices. The city
5 A) i. `1 U* ~: ?+ W% C; d& D+ N: Bcentre remained a bright spot in Ottawa, with homes in this area attracting
; f+ ~' N, d, g' T  f4 cattention due to their convenient location and proximity to downtown! `' z7 C  a% E* z7 h: K4 M
amenities.
$ T7 x" J" q8 j( G9 _6 }) c4 M4 S+ q- Z1 }/ l6 t) [# W- n
    The housing market in Toronto sustained healthy activity levels
% F0 ]: `1 y' S% g: z7 A! Uthroughout the third quarter, as a strong economy helped to maintain demand- \- F7 v/ y3 f3 v
across the city, causing average house prices to rise moderately. Toronto has  u! s) q& t- z  \8 _  u
continued to experience modest growth in average house prices, and has been
4 u2 h/ v2 \! J, H# Y4 Z3 Z# v9 xdriven primarily by purchasers who are buying homes as their principle- o1 R' d# K* P. P4 D
residence, rather than for investment.
  p( T& x% g/ ~+ d# K# w9 [8 e' j/ K+ W/ X; H  f4 Q: R9 k3 e, \) H1 D
    The vibrant Winnipeg housing market continued to show its strength as+ r* X) u$ g( `9 x) m( a7 i
house prices rose during the third quarter. The booming local economy resulted% {5 t1 E2 t, k: @5 S
in a historically low unemployment rate, helping to bolster consumer1 `" q7 e0 R0 B( D) i
confidence and Winnipeg's ranking as the city with the lowest capitalization
/ s' Q# N' U4 i3 W$ Q# P# z) I  grate among the country's larger cities - helped to encourage buyers to enter
; T0 Q* `3 A$ N6 Z6 u" Mthe market.' v$ w3 S8 o5 x( T

6 P8 e2 y0 |  Y$ c6 T) U9 ~    In Regina, the market experienced a slight seasonal slowdown through' a. C1 l, J8 \1 w1 Y4 {; v( C! Z1 ]
July, as there were fewer purchasers in the market due to summer vacations. In  X# l1 Q$ v8 C; ?0 ?+ f, p- E8 Q0 b
August, activity resumed to the busy pace previously seen in the spring: D* T& y/ D- L) r9 v: K; Q( Z7 g
months, as the influx of purchasers made it more difficult to find a home due
% }4 [* R6 O5 Yto the shortage of available inventory.% i1 v# ^2 z. p% K' N

% i: Q8 i  u; ~5 K/ H* y! ]    Activity in Saskatoon remained brisk as the market maintained its0 |6 R" Z& f0 N
momentum from the busy spring sales period. The economy in Saskatoon remains
7 x+ Z/ u2 t/ |; Z; }3 i8 gvibrant, as employment opportunities are abundant with many businesses+ t; b  `7 \1 |: }" A
struggling to make hires and having to recruit outside the province.
- ^& g& @" h) i8 _7 F1 U
9 A; E, z, |3 ~) L2 f    Calgary's housing market recorded blazing average house price increases
# X8 {/ m- }2 j0 R, P* u% T2 r4 Tin the third quarter, in all surveyed categories. The burgeoning economy, low
7 D  p  v, D* W# }1 R3 l$ nunemployment rates and low inventory levels remained the leading factors that7 ?3 y$ \7 p( }' }
pressured Calgary's house prices upwards. However, regardless of the soaring# c8 G; I0 j1 W
prices that characterized the market - even during the typically slower summer
" @0 U" G+ S7 u# Y  Y4 K9 @season - it is expected that activity will become slightly more balanced, as0 m5 O  ^' ~# k! B9 `! l
buyers are becoming more reluctant to participate in the frenetic activity.

7 q9 T/ S. ^1 m  `
0 U, b3 H# L% Y* ^4 w7 E    Edmonton's booming local economy continued to thrive in the third quarter
0 B1 }" a9 p9 A# Fas activity in the oil sands north of the city continued to flourish. Edmonton, x' ^7 A$ r; A4 a
remained the hub of activity for those coming to work in the oil industry,5 w" Y! q9 e- _. m5 \# v
maintaining tight inventory levels across the city, resulting in prices6 k5 A) a3 _' K% ^, ?
increasing at record levels. However, as inventory levels continued to improve+ F; d* H- y( T
in the third quarter the rate of price appreciation should moderate slightly( Q4 B6 y4 l/ N. Z6 C$ Y$ a
towards the end of 2006.
    / k' C- s& A6 V. k/ X$ `* o0 ]/ ~
5 {( `6 w- c& [/ H; b$ F
While Vancouver has seen a slight reprieve from the severe shortage of
  I+ {2 W6 O6 H- B# _0 L* r: Zinventory that had previously characterized the market, supply is still unable
- x0 c/ s& z- k+ y7 Xto meet demand, driving house prices upwards. Vancouver has a very diverse4 M" L  z' S/ P( N/ U% R5 k
group of active buyers - from first-time home buyers to baby-boomers to
% F7 r  i. \4 A; k/ Zforeign investors - all of whom fuel the demand for houses, placing added# a2 @) p- |2 a3 [, Q
pressure on tight inventory levels.3 ?( p) K: a0 {, O- f) O, W

* W/ ?) ?& a* m    Victoria's market is vibrant and supported by strong economic
( |5 s! o# ^* s- P, [fundamentals, fuelled by a booming tech sector and a migration of young people
. U+ W1 j& A2 u# {6 s. w4 E' Winto the city that has continued to support the area's house price increases;% |$ e5 i7 X1 a% _/ [
while increased inventory levels have afforded buyers more time when searching
6 w- x+ E) ~" l7 @9 C2 _& K  Ffor a home, helping to normalize the market's pace.! D; U" K: J' Y: o& p

, ~' c$ p) Z( m9 r9 ~0 @: D* Y' ?: e    <<6 x' z' N7 f' s" S& D$ m
      Survey of Canadian Average House Prices in the Third Quarter 20063 o' |4 w) [6 Z* K

! j% I  c/ a  ~) S! f5 b7 i4 l    -------------------------------------------------------------------------
5 x% {+ b' ^: ~- M& `                 Detached Bungalows                Standard Two Storey
" o  @8 t2 i/ H! a, E    -------------------------------------------------------------------------
7 v; `( Z8 @, h) P1 t( ?                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q39 U2 T4 U4 T6 c5 H
    Market           Average     Average    % Change     Average     Average
5 G4 Z0 M' X' w4 ?    -------------------------------------------------------------------------3 Q6 i* Z( n/ L6 s& ?
    Halifax          186,333     173,333        7.5%     198,667     199,000* X" Q( I) Z' D$ _. u- r% x/ C8 W0 O
    -------------------------------------------------------------------------8 d4 Z9 V  }3 `0 M0 N9 P5 Z
    Charlottetown    145,000     141,000        2.8%     175,000     170,000% w0 i+ L. ^+ J. i+ u/ O
    -------------------------------------------------------------------------) G, h% \1 N: L5 k4 A! H3 K- {  g
    Moncton          135,000     127,000        6.3%     129,000     123,000
. |9 m0 D5 p5 b    -------------------------------------------------------------------------: u5 W" H5 Y! Y
    Saint John       141,200     142,900       -1.2%           -           -4 D6 q# H$ \$ j. ]' n
    -------------------------------------------------------------------------4 U# z7 g, H/ I
    St. John's       143,667     142,667        0.7%     200,667     202,333* \& w8 K; e& L9 }; A& Q4 ~: _! K2 h
    -------------------------------------------------------------------------7 `  r# R$ ]/ l+ {3 g8 p9 Y0 s
    Atlantic         150,240     145,380        3.3%     175,833     173,583
! s: O3 Y& }& ?4 r0 U    -------------------------------------------------------------------------
3 z4 `% O, C2 n+ o0 i    Montreal         213,691     203,500        5.0%     321,141     316,185
7 a: I& E) b) }' j8 D    -------------------------------------------------------------------------
+ P3 c* \. y# e+ @$ M" P) u    Ottawa           290,083     278,417        4.2%     285,667     273,250$ `- e& D8 Z; b* c$ |
    -------------------------------------------------------------------------
$ ^  {3 S3 n5 O) e    Toronto          373,368     355,882        4.9%     481,523     474,7666 z" d& G) B0 A
    -------------------------------------------------------------------------- V2 f) {8 ^- o# E' L$ c9 O- C
    Winnipeg         181,579     159,860       13.6%     202,337     180,707. B: z  L# E+ W) C0 b
    -------------------------------------------------------------------------
) U& ^1 l" I: E2 N    Saskatchewan     170,667     156,083        9.3%     182,600     166,500# [. R5 ?: N- P7 {' M& ^
    -------------------------------------------------------------------------
. `$ g0 m8 K/ s    Calgary          395,067     252,411       56.5%     405,778     264,389
& F& h; C9 k& G  I    -------------------------------------------------------------------------) F8 m1 m! t, H- w( Q+ d/ j  R
    Edmonton         286,857     194,857       47.2%     316,429     206,714
  c. u% r2 B- d/ v2 `, {2 g8 B    -------------------------------------------------------------------------2 j3 O' Q. q) G9 m$ M: h' r
    Vancouver        704,250     601,000       17.2%     794,000     697,500
" N9 g( q( Q3 e, Y( p/ C    -------------------------------------------------------------------------0 X% B+ v* {, h! i/ b8 f& O. _
    Victoria         375,000     348,000        7.8%     403,000     391,0003 {! S3 V+ ~+ w1 q9 A4 r
    -------------------------------------------------------------------------  [6 w# a2 `1 I! a; N
    National         300,365     258,202       16.3%     365,380     322,860& v# x* {: g9 ^7 d6 R8 v
    -------------------------------------------------------------------------2 X- t! I1 D7 `6 W0 ?% H

( l7 o8 i+ U, h    -------------------------------------------------------------  j# X: F; i8 Z
                               Standard Condominium+ V/ ^8 b- O  \2 y3 Y2 f" |) Y
    -------------------------------------------------------------# X# o* Z) n% Y  W5 }5 u6 |9 x0 J
                    2-Storey     2006 Q3     2005 Q3       Condo
3 ~# _( U% i, e2 A8 {4 \    Market          % Change     Average     Average    % Change9 D8 p! Y* Y$ |3 K
    -------------------------------------------------------------" h" x/ E& N$ j* {+ N
    Halifax            -0.2%     142,000     103,000       37.9%. J- m% h5 h) n5 ^. O- M
    -------------------------------------------------------------
; Y/ Y* u) Q+ J% [$ Q, k7 Z1 _1 f    Charlottetown       2.9%      98,000      98,000        0.0%
' Y. M8 b! o2 S2 m1 _6 A    -------------------------------------------------------------5 H" r4 w# u& w8 o
    Moncton             4.9%           -           -         N/A& J, b2 r% f0 v. F7 E
    -------------------------------------------------------------, m; D! H) ]& Q; H; d6 p0 z
    Saint John           N/A           -           -         N/A
& p4 K" A7 C# @    -------------------------------------------------------------; W! ~3 U( ]( B  N) l
    St. John's         -0.8%     146,333     145,667        0.5%
7 I) {) I1 O- i& k4 C    -------------------------------------------------------------
/ ~" U) ]# o& @( j9 z, R    Atlantic            1.3%     128,778     115,556       11.4%9 c. i8 x6 {7 S* d2 h. v
    -------------------------------------------------------------4 n6 w1 b& t# ?; P6 y4 {: V+ @! V' H
    Montreal            1.6%     193,190     188,016        2.8%
3 |3 I- p0 v8 y5 C6 O    -------------------------------------------------------------* j6 w( ^3 n0 C/ M$ W* \" M
    Ottawa              4.5%     181,083     172,250        5.1%
2 d/ K9 [! W# j( h. G/ q- o    -------------------------------------------------------------
1 A: M" r1 c7 N' I+ i$ |) b    Toronto             1.4%     252,088     242,918        3.8%
( d" F! a9 x4 ^4 m7 [    -------------------------------------------------------------
' e% Z) n4 Z) }+ o7 o- o5 p    Winnipeg           12.0%     105,648      96,008       10.0%- {" N2 S- X+ i! G
    -------------------------------------------------------------  j  `! i6 k  n5 V) `
    Saskatchewan        9.7%     106,250     101,000        5.2%" p: c; E* ^8 U1 ~: _" G9 G
    -------------------------------------------------------------
- I6 V$ ]" T! X6 ?  h    Calgary            53.5%     245,844     153,867       59.8%6 |& t, r( f9 M! B+ `3 p4 T' r8 e
    -------------------------------------------------------------$ Z9 `$ N/ h- M" X& T* J
    Edmonton           53.1%     200,433     131,500       52.4%* _8 x! ]+ M1 W- y% Z; A2 O5 `
    -------------------------------------------------------------3 S$ e! b  |7 ^9 x- d
    Vancouver          13.8%     366,250     323,250       13.3%6 N7 |* J1 ?2 ?& B, B
    -------------------------------------------------------------: ^  O* S+ w5 u% o, C- F4 f% {
    Victoria            3.1%     229,000     220,000        4.1%
' k2 ?+ J1 K: V5 J$ b. t1 m4 C    -------------------------------------------------------------
3 A1 w1 z6 F0 c    National           13.2%     211,562     185,296       14.2%& a. S8 U3 A0 I, P& K
    -------------------------------------------------------------% J  R7 U2 k  Q' ?: d7 |- g  O
    >>
" N0 B) R; R+ o: ]: w. i' \7 w8 [+ @+ p+ U
    Average house prices are based on an average of all sub-markets examined5 f- o% H# G& h4 Q" Q: M+ n
in the area, except for the smaller markets of Charlottetown, Moncton, Saint
! d* }/ R1 q- z. kJohn and Victoria.
' v% Q* X% g% \- E
) L% {9 m5 n9 }/ t# I, g4 Z5 W' l    The Royal LePage Survey of Canadian House Prices is the largest, most, I$ p! B$ I: g* U+ V
comprehensive study of its kind in Canada, with information on seven types of5 u2 t& _0 F, K& N  e, {: H0 j6 x: z
housing in over 250 neighbourhoods from coast to coast. This release
9 K- o  E" p! n+ R3 |references an abbreviated version of the survey, which highlights house price
* z+ _3 s: T9 H; B$ a/ Z) rtrends for the three most common types of housing in Canada in 80 communities
8 l2 f6 C. ?# D! U, W3 m, ^2 vacross the country. A complete database of past and present surveys is
; R+ k. |  c1 x! H8 Iavailable on the Royal LePage Web site at www.royallepage.ca, and current
+ w. S  z) v2 e3 b0 X0 lfigures will be updated following the end of the third quarter. A printable
" ~* p$ t( o+ I! l9 Dversion of the third quarter 2006 survey will be available online on
- }0 S7 `3 W5 |& f& A- z0 oNovember 15, 2006.
% ~& `% K' s) L! K8 h# w    Housing values in the Royal LePage Survey are Royal LePage opinions of
  D8 Z' C) f8 k$ a5 \& X9 r" {/ Ifair market value in each location, based on local data and market knowledge4 G) K, }5 L! u4 i* ~
provided by Royal LePage residential real estate experts. Historical data is; P$ S1 G( J% k9 J
available for some areas back to the early 1970s.
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