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Canada's housing market both vigorous and stable
0 h8 s8 b5 o" K0 j' K3 L: }6 h
+ u8 S9 h1 f) {/ ^$ p2 V% E- k- Country's market poised to show growth throughout 2006 -8 c0 R& B" r2 ~; o9 l
& e A2 V! F9 n! K0 ~ TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market4 `7 _' a; W# h: f& b) ~
exhibited moderate price increases and stable unit sales during the third
, D" X0 X- e" xquarter. Wide regional variances continued to be the dominant characteristic
$ v# S+ O& [- r1 e8 Jin the market, exemplified by frenzied levels of activity and double digit
! `2 G' v. [7 e9 z' |# Y, } uprice gains observed in the energy and commodity rich Western provinces, and+ z. ?7 n- K5 C
more reasonable sales volumes and moderate price appreciation in Ontario,
1 g4 F& p; j6 z9 k" v& IQuebec and Atlantic Canada, according to a report released today by Royal( I2 _3 }3 f+ ~
LePage Real Estate Services.
6 U5 _) C5 Z$ i- D; G6 ?" O
4 x4 T) f. u2 c. n% D' P } Nationally, market trends established through the first three quarters
, K, l$ O5 T! {, m3 `1 x) @, B2 Bare forecast to continue for the remainder of the year. Robust economic
+ ?$ x! p% A6 k, d: `conditions, low unemployment rates, modestly growing salaries and wages, and i9 s) l3 E6 J5 ~
sound consumer confidence contributed to the overall strength of the
( j* Q7 X: F# P) u+ J; c- F) ]% T4 c2 Aresidential real estate sector.9 S" n. l, H' b) |- U" Y
7 r4 v" j j6 U' u
Of the housing types surveyed, the highest average price appreciation
2 ^, i, x l3 Y' V$ Poccurred in detached bungalows, which rose to $300,365 (+16.3%)
, K' m% H! e3 I) |5 I0 Hyear-over-year, followed by standard condominiums, which rose to $211,562& ^& O$ W" r# ]" O) n
(+14.2%), and standard two-storey properties, which increased to $365,380; @8 T4 D* O" y) I- `& M$ m
(+13.2%).
& m [! V I7 E7 D }" }1 Z$ T' J3 G0 x2 ?& K) X+ c
"Canada's sturdy housing market continued to demonstrate steady growth s0 M& @1 z! [* i! k. y5 N1 Z( o
during the third quarter. For all but the west, we have moved on from the
; y; @1 f+ j! D1 A( C* Z( X# Y+ Rfrenzied expansion that characterized the first half of this decade, and are
( ]3 k; q, x3 J/ [ Dpoised to show continued growth at a more moderate pace," said Phil Soper,3 E# u) S1 O, _' d# [& _7 ]
president and chief executive officer, Royal LePage Real Estate Services.2 n3 y/ r" J% u; r1 B
"Gone is the sellers' market that we have lived with for some years. We
, f* E0 |+ L# s% J. u! A* ^welcome the more reliable conditions that are characteristic of a healthy6 q3 m1 F- m1 j( G
balanced market."0 Z9 A& Q; m$ u! G
. W3 ^, d- ?; T, L, W l Despite the double-digit rise in average national house prices,& t; y0 y2 N1 e7 e1 i! Q
considerable regional variances were exhibited again this quarter. The shift
6 b- ^2 E! ^6 o3 k* u: f7 p' Eto balanced market conditions, which began in late 2005, has continued6 G, c, e @* p g) w D6 {7 o$ i
throughout most of the Central and Eastern regions of the country. In the core
/ K3 Q) Y8 P( w# e+ u4 W3 oenergy producing western provinces, the combination of very high in-migration,/ K- y1 j: U6 N5 s3 W$ Y
manageable affordability, and a shortage of inventory has driven record
; O! Q. q# U" k: B- e2 u- \breaking price appreciations.% O. L$ l; ~3 W+ f
+ E$ X; e9 `6 g
Echoing the second quarter and supported by Alberta's rapidly expanding
( a3 K% @! G) C6 g( T2 d( ~* S$ Qeconomy, Calgary and Edmonton led the charge of Canadian cities with the4 l8 j% U. X: t1 T. n+ V
largest house price appreciation in all housing types surveyed.
: L# s6 X5 U( R/ s- z
% Y) [9 z: Y1 I* E% K2 B3 R# {2 |3 F8 c In Ottawa and Toronto, growth remained steady, supported by solid: K* m2 Z+ z7 Q
economic fundamentals, an increase in available inventory and strong consumer$ V' i8 {& M# I# P& b
confidence. While the pace of price appreciation in Ontario leveled off
* s. I, b. w b/ qslightly, the province's real estate market remains poised for modest growth.
. M5 S# ]- ]% S1 I+ q6 NIn Atlantic Canada, new housing and condominium construction offered buyers
( Q% l9 i9 X! @% }' ]3 o# Zgreater selection at more competitive prices, resulting in a slower rate of# U0 E B& ]$ K6 Z+ c
price appreciation when compared with 2005.
: G2 T; C* @* K% ~' \/ P& P
, a f% v h2 {$ W While the pace of growth in Canada has slowed, the domestic housing; s |4 G2 p+ f1 O
market is expected to outperform the American market. The economic and
) x( u) [! h8 T( x. P' f1 Lfinancial fundamentals driving the residential real estate sector in Canada, H0 M# ?; S% V1 L8 w8 P" E* k; M3 D
are markedly different than those found in the United States.
: E7 ?8 O( k' B) a. C9 }/ _6 v) m
Added Soper: "Canada's housing market is likely to outperform the
; C& g, _1 T c& GAmerican market through 2007. A number of factors are working in Canada's
M) S' ~/ [+ |% z3 I7 mfavour, including healthy personal and governmental debt levels, the" D, S' ^7 k( X+ _5 a# B. ~( Q
relatively modest rise in interest rates in our country, and general6 ~ j3 b- F& q7 T9 c+ H5 Y0 Y1 Y
affordability in our major cities. In addition, Americans are now seeing the" G* o+ D. Y3 z4 p
downside of a tax system that encourages maximum homeowner leverage, and' k i( O; T3 z! y
aggressive financial products such as zero- and negative-amortization2 F- z" J k3 u2 l
mortgages that work only in a high price growth environment.". w4 @( a' a! E4 R0 B
4 h$ _, f4 _+ g3 o% {# y" @3 R
<<
: `1 y. J& k; {4 y" W REGIONAL SUMMARIES: L) s& Z: A: T. t+ \# m a
>>& J; [2 f4 @) y, q+ m
# \5 C1 k" y& y. g8 E* @- h
Balanced conditions continued to characterize the housing market in: e% c9 L5 N/ U( V7 x
Halifax, as significantly higher inventory levels helped to moderate the rate
9 a# F% Q8 J* Q$ Sof price appreciation. Buyers were increasingly choosy, taking more time
7 N. J c) @& ulooking for newer, low-maintenance properties that were not in need of
- [* X2 I+ x0 w4 I9 ?- B( jrenovations.3 S a6 }4 O; F; e
8 [3 K8 D& X( H+ U/ M! Z! [; I0 k The housing market in Moncton remained healthy and strong as a slight5 E6 p m6 N. f4 q( A& G6 i1 e# z9 A- g
increase in inventory helped to moderate the rate of price appreciation M, ~9 O5 W' N# W
compared to the same period in 2005. Activity was brisk throughout August and
- a \0 c# R( j* PSeptember and is expected to remain this way through the fourth quarter.
# }0 W7 f H1 ^" t5 E
: o2 }& t# x1 H The housing market in Saint John underwent its traditional summer- H7 h) { {9 r& I- F" p2 s
slowdown in the third quarter, with activity picking up towards the end of the/ e" J0 A% C {
quarter. The local economy continued to thrive, as construction on a new
' [6 _% X# F" w3 f, i600,000 square-foot shopping area has begun, bringing several new box stores3 V2 B: F- ?0 m: T
to the area. Buyers have begun seeking less expensive fixtures for their homes
; c. {& t) m& ?8 ^5 ^and are instead opting for more affordable housing options.
% j6 H! f2 ~" J7 b7 K* S
1 v( A3 `6 d' I/ y/ z5 I/ W In Charlottetown, the housing market started to move towards balanced. c- y# {' g6 O3 L" K0 W6 s
conditions, as some sellers had to begin to lower the asking prices on their w; a) p' F0 `9 V; j3 b- G3 l
homes to make them more competitive. Activity from out-of-town and US buyers
8 m8 i; V V. q! V, _6 ~was down slightly compared to 2005, likely attributable to the strong Canadian- T5 E+ @+ a: e0 ]$ M5 |. h1 p: K* L! P. B
dollar. Inventory levels began to creep up in the third quarter, providing
$ e3 F8 z' B2 V+ M1 Ubuyers with more options when looking for a home.8 y9 B/ T! E1 t' {( W
J: S2 b+ G8 }% {1 o! n/ d/ E
Activity in St. John's slowed slightly in the third quarter, particularly+ {" ^: m; _0 \/ Y7 A9 s( N' Y
among higher-priced properties, where there was a slight over-supply of homes, \+ f+ G% T$ u
priced over $200,000. Listing periods have increased when compared with 2005,# K$ {( d5 @, K; _) A* F
as some of the pent-up demand that had characterized the market over the last
( _0 F+ u; j# }7 H6 kfew years has been satisfied, resulting in more normal, balanced conditions.; y4 k/ V0 t" ], t: d& L+ m
& E1 a' Y& r; Z, W Montreal's housing market recorded modest increases in average house
; R! R8 {9 r# D. ^+ fprices, due to a slight seasonal slowdown in the third quarter as inventory0 L$ }1 A2 B& w% e, t( c2 N
levels rose. Part of this can be attributed to the fact that many renting! x# ~- Z- U% v4 O& x9 Y$ |
first-time buyers were motivated to close on the purchase of a home by July 1,
' P' u& Q: i+ Gwhen rental leases expire in Quebec. Once this date has passed some of the3 T! N1 h& q) }/ y0 @ H9 ?- Y
pressure is taken off the market, allowing buyers to visit more homes before
) C! B9 @; I1 ymaking a purchase.- a6 m$ b: n4 L3 B; a
1 Y4 D+ Q: K" o# [" M5 }
Ottawa held its position as one of the country's most stable housing f2 @: f7 J& v9 M
markets in the third quarter, reinforced by a vibrant local economy and strong
, e6 w9 d9 o N8 H4 c1 K9 pconfidence, resulting in modest increases in average house prices. The city/ z8 g* h# ^4 T( g9 `3 b ]
centre remained a bright spot in Ottawa, with homes in this area attracting1 ?0 V; ^+ _, s8 p6 @1 Y! y; d
attention due to their convenient location and proximity to downtown
. |' E' g' p$ Eamenities.: W1 k, N; _) o4 T4 l
$ H' w# ` m: b0 `/ F1 `' ? O
The housing market in Toronto sustained healthy activity levels; D: K+ I9 f. C2 S# U
throughout the third quarter, as a strong economy helped to maintain demand2 u# t$ ?5 U. j S! c$ w" i
across the city, causing average house prices to rise moderately. Toronto has
3 ~) A. |3 K. P& w! Pcontinued to experience modest growth in average house prices, and has been L; ~' F& q; n- K( k2 v- {
driven primarily by purchasers who are buying homes as their principle
7 Z5 i3 H4 g/ }/ L" [. n" X$ d% Sresidence, rather than for investment.4 K" d' O! R1 T& X9 f% I8 o9 s1 Z
& n7 u. N0 \8 M) u
The vibrant Winnipeg housing market continued to show its strength as
" v! G- R$ ^% I% Chouse prices rose during the third quarter. The booming local economy resulted
; b$ n+ P' J$ R( v# t$ uin a historically low unemployment rate, helping to bolster consumer
- G+ }$ c5 a5 H N% [# t" d# ?2 T; econfidence and Winnipeg's ranking as the city with the lowest capitalization5 v) A5 U, k7 L+ I$ @0 K
rate among the country's larger cities - helped to encourage buyers to enter
6 s, D! Q' e. p( Othe market./ {7 v8 |2 N% l& R; |" {
7 j/ t- q$ h' e6 h% _" w) Q In Regina, the market experienced a slight seasonal slowdown through
7 v: F+ a5 ~# a8 UJuly, as there were fewer purchasers in the market due to summer vacations. In/ e& L3 k T1 i; R
August, activity resumed to the busy pace previously seen in the spring! K* ]+ F3 G( D/ q+ d
months, as the influx of purchasers made it more difficult to find a home due+ T3 A, P7 B5 H5 [4 G, E* h
to the shortage of available inventory.6 n' E0 g% j! W% P; u6 y
+ a2 P; B- f/ b5 b6 d( L- t u# i
Activity in Saskatoon remained brisk as the market maintained its
$ e& R2 K+ E! q" y6 L9 {( d8 _momentum from the busy spring sales period. The economy in Saskatoon remains
6 b! S6 Q0 x- s* avibrant, as employment opportunities are abundant with many businesses
( u+ H2 B& \/ C, Vstruggling to make hires and having to recruit outside the province.
; z% D& L. }. _7 n3 j$ } q% K% T6 R4 \" j2 L" [
Calgary's housing market recorded blazing average house price increases6 |: s' G4 d; {2 m" d& J/ \
in the third quarter, in all surveyed categories. The burgeoning economy, low
) O) C5 G4 F! Junemployment rates and low inventory levels remained the leading factors that' Y4 d0 Q. D' u) U# p! J& l5 H
pressured Calgary's house prices upwards. However, regardless of the soaring
7 X+ o1 m+ V" t! ~prices that characterized the market - even during the typically slower summer% W& M* C I, r+ K* b& h- V
season - it is expected that activity will become slightly more balanced, as5 [1 ~2 I8 U( G% Y0 I
buyers are becoming more reluctant to participate in the frenetic activity.0 i, V8 _1 z& Q6 u
- l1 ]" ~2 Q. {% d. M, ^& y; W Edmonton's booming local economy continued to thrive in the third quarter
3 d! ^2 _1 v" ]# R d( M8 b' vas activity in the oil sands north of the city continued to flourish. Edmonton
' e3 ]8 M& I- b! r* uremained the hub of activity for those coming to work in the oil industry,3 l7 g$ Y9 j: Z2 a4 w
maintaining tight inventory levels across the city, resulting in prices8 e( K2 X T2 S) {
increasing at record levels. However, as inventory levels continued to improve
W6 F3 H$ w6 l0 U0 @8 p& m+ Oin the third quarter the rate of price appreciation should moderate slightly9 j" i) k5 T- ^: b0 m7 z4 F z- ]
towards the end of 2006.
" S: E: Q7 p& l
4 |/ l( H n. t6 C6 qWhile Vancouver has seen a slight reprieve from the severe shortage of
$ q# ?. T- @- h, ~% X* _2 T2 g1 xinventory that had previously characterized the market, supply is still unable
9 R* ?+ g; H4 N4 Nto meet demand, driving house prices upwards. Vancouver has a very diverse
, V/ D$ g6 u# H# tgroup of active buyers - from first-time home buyers to baby-boomers to
: e0 e9 ^2 }+ [" F4 ]5 y! Vforeign investors - all of whom fuel the demand for houses, placing added+ w' @3 N8 Y! w8 K2 P) `8 o
pressure on tight inventory levels.! Z+ y- O1 n2 C# o3 c& J! F
1 ?8 F0 H1 Y8 a) h% w
Victoria's market is vibrant and supported by strong economic5 k. N# B0 w( L6 x9 D9 ~# z1 w
fundamentals, fuelled by a booming tech sector and a migration of young people6 ^. L/ i/ W! y1 y' s2 }+ C
into the city that has continued to support the area's house price increases;! G5 o- G, j% p
while increased inventory levels have afforded buyers more time when searching
0 ?# h& F3 b) i5 [- qfor a home, helping to normalize the market's pace.
1 @, C6 P& B8 ~! k5 O$ i! g
8 }% x2 S$ h! O ]9 ^& C <<
s X$ O- `/ j! D' H. z Survey of Canadian Average House Prices in the Third Quarter 2006
% H, Z. i% X' `9 s7 _! z* ]6 \0 {+ v: x$ O- U
-------------------------------------------------------------------------' U7 ^& J: ]! |/ K- f# x
Detached Bungalows Standard Two Storey
4 E7 S( {1 t l( R6 @" N6 F -------------------------------------------------------------------------: v: g) P6 M9 T2 S& x: ~: K
2006 Q3 2005 Q3 Bungalow 2006 Q3 2005 Q3
4 J- b* y8 E# i3 K7 r; T, h& o Market Average Average % Change Average Average
! Z2 j# t G z/ s8 ]5 g2 |+ |9 R -------------------------------------------------------------------------
0 l* m4 Y6 g. F! a3 |7 L Halifax 186,333 173,333 7.5% 198,667 199,000+ B" G' H* K. z- G
-------------------------------------------------------------------------
1 Z- j& M- E5 u Charlottetown 145,000 141,000 2.8% 175,000 170,000
. z( {! Q( u# |9 B -------------------------------------------------------------------------2 j2 S5 J) x0 i" V* r9 B
Moncton 135,000 127,000 6.3% 129,000 123,0009 ~9 E; i% T% t8 Q' B
-------------------------------------------------------------------------
2 ?; ^$ x3 \+ W* x- W Saint John 141,200 142,900 -1.2% - -
: z% i' Q0 w1 S4 f- r5 ]* l) j -------------------------------------------------------------------------
5 G y0 @' Q4 A* L( G; m St. John's 143,667 142,667 0.7% 200,667 202,333
% I I/ q) M& u6 Z R -------------------------------------------------------------------------- C6 ]5 f& }) r; q3 a- Q2 A0 }
Atlantic 150,240 145,380 3.3% 175,833 173,583% L9 J: i2 o2 J
-------------------------------------------------------------------------( K8 A& h2 p& I( f1 v, V/ n2 }: ~
Montreal 213,691 203,500 5.0% 321,141 316,185
8 w$ o' u7 A& f) ~ -------------------------------------------------------------------------
1 o% B" A6 y$ N7 \7 L1 T Ottawa 290,083 278,417 4.2% 285,667 273,2509 D7 q9 D) Q' t/ k b2 r2 t
-------------------------------------------------------------------------; j, n, ]! o- Z7 } p H- Q
Toronto 373,368 355,882 4.9% 481,523 474,7664 x; m, q5 a) z6 \. Y+ n0 c
-------------------------------------------------------------------------* v6 [% u0 f* V( F! U0 n
Winnipeg 181,579 159,860 13.6% 202,337 180,707
9 i. S$ g+ V7 O: ^7 o# n# D -------------------------------------------------------------------------0 G7 ?+ a9 q/ I, _2 P
Saskatchewan 170,667 156,083 9.3% 182,600 166,500
0 c g/ A, b) `/ ]. m, S* } -------------------------------------------------------------------------
- K0 s( H) Q3 ~' Z, _ Calgary 395,067 252,411 56.5% 405,778 264,389
" N& k# a N9 _, `0 T- k" P' `+ E9 M -------------------------------------------------------------------------
5 o' a: Z5 P2 E Edmonton 286,857 194,857 47.2% 316,429 206,714
, C# w' N1 f/ ~4 [9 s -------------------------------------------------------------------------
* S& q1 k6 U4 @& P4 E Vancouver 704,250 601,000 17.2% 794,000 697,5002 \2 {- a; H) H3 i
-------------------------------------------------------------------------$ k0 r6 ]9 j5 s; @3 _
Victoria 375,000 348,000 7.8% 403,000 391,000
4 y3 f: w: F6 ]4 G: k% U) D5 q* E -------------------------------------------------------------------------
! E9 L$ f+ k( W- B4 \ National 300,365 258,202 16.3% 365,380 322,860
8 z/ t: W7 t+ l+ o6 g$ ^, k -------------------------------------------------------------------------
. A) E" z: F/ B1 N5 k% l
" ?6 Y8 m5 |* c4 E -------------------------------------------------------------
2 y0 P) X1 b$ d- a/ r- } Standard Condominium. S. l' ~' f8 C0 q
-------------------------------------------------------------
% E( v: Y7 Q: p/ y 2-Storey 2006 Q3 2005 Q3 Condo- N+ |* T; M* X/ O8 z1 m3 @, @6 z" L
Market % Change Average Average % Change! M% H# p8 X5 W e
-------------------------------------------------------------
2 t2 y* a- Z, |. n% K7 f* f Halifax -0.2% 142,000 103,000 37.9%
& S% P1 L. Z! v+ u! }4 X -------------------------------------------------------------
7 \3 k6 N* ~. F2 g8 I" o Charlottetown 2.9% 98,000 98,000 0.0%& ?' Z: S+ b, w5 w
-------------------------------------------------------------" i2 P) {' n$ q" f" {. L
Moncton 4.9% - - N/A6 a0 c! F9 l: _ p" e: O$ P" t
-------------------------------------------------------------& ^! e/ k# C4 d4 [
Saint John N/A - - N/A/ ~6 r! m! k8 N+ p l' @/ e
-------------------------------------------------------------
0 C6 H4 o1 r ^/ T4 t, ` St. John's -0.8% 146,333 145,667 0.5%/ {4 M0 h9 w- i5 u
-------------------------------------------------------------' K0 B7 y ]% s3 s. E; O
Atlantic 1.3% 128,778 115,556 11.4%
5 Y! v" t L8 h: v% w8 g' A; i -------------------------------------------------------------
g4 M8 Z' w+ Y4 L5 l' o; t Montreal 1.6% 193,190 188,016 2.8% F. d1 `9 I$ r; V
-------------------------------------------------------------6 i# O7 [: u2 D
Ottawa 4.5% 181,083 172,250 5.1%
. g6 o, f( V& u) V9 f5 p; C -------------------------------------------------------------
; b9 a) ]" ^" s Toronto 1.4% 252,088 242,918 3.8%
2 P! V- O, B& w! D5 I5 D9 H -------------------------------------------------------------% Q7 u) g5 z0 C. Q. H: A5 G
Winnipeg 12.0% 105,648 96,008 10.0%
0 M/ e$ d* T8 p+ b: | -------------------------------------------------------------
" A& l. Z7 f7 S0 K$ i' v- E2 { Saskatchewan 9.7% 106,250 101,000 5.2%% V# j7 I; v& K* d) S5 Z: L
-------------------------------------------------------------! m0 }% M& t7 l( L* Q
Calgary 53.5% 245,844 153,867 59.8%
& F: k& g( o) q. G -------------------------------------------------------------
: g N: p' M) R( o8 T Edmonton 53.1% 200,433 131,500 52.4%
0 b; i6 Z1 o! z! ~/ u -------------------------------------------------------------: h8 g; H& o4 M% x
Vancouver 13.8% 366,250 323,250 13.3%+ Z3 g( Z( W2 m
-------------------------------------------------------------
5 M1 Y9 R, M/ F. W( o0 H) p! Z Victoria 3.1% 229,000 220,000 4.1%
, D8 S, v; D1 q* ? -------------------------------------------------------------4 r3 C9 A5 T' P* R5 Z' k
National 13.2% 211,562 185,296 14.2%
; h5 {) c! Z. S7 Y) j( x" w -------------------------------------------------------------! i+ b. S ?% x: `, y& S
>>
6 d6 K8 `# R0 b. N" }: T7 o
- ^6 O; W( M$ h# L, p2 a Average house prices are based on an average of all sub-markets examined5 T& k7 Y" l5 q- w
in the area, except for the smaller markets of Charlottetown, Moncton, Saint
0 P, {* J# I7 D# Z* N# r2 n1 KJohn and Victoria.
6 ^9 W! o/ W$ o1 L2 N/ K) k
2 M1 x/ `$ _+ _) P6 F; ]8 Z The Royal LePage Survey of Canadian House Prices is the largest, most8 w3 B( H7 ]4 ^5 _$ ~
comprehensive study of its kind in Canada, with information on seven types of; I4 D/ K5 ]) t3 g% R# q
housing in over 250 neighbourhoods from coast to coast. This release% c* p+ A7 X2 `, \
references an abbreviated version of the survey, which highlights house price
* `8 f9 B9 u1 ?$ c* ^1 Ntrends for the three most common types of housing in Canada in 80 communities/ @7 R5 d4 M b) W! z6 @
across the country. A complete database of past and present surveys is
+ u9 b% Y' L# G4 J. Y5 u) D& J& uavailable on the Royal LePage Web site at www.royallepage.ca, and current; K% ^( ^* S) V9 ~/ T# Z
figures will be updated following the end of the third quarter. A printable
7 Z, V" a$ y2 Y) dversion of the third quarter 2006 survey will be available online on+ ?2 n* y, P/ `! T/ r& G; e0 P/ y
November 15, 2006.
' X! F6 o G8 u. J% _ Housing values in the Royal LePage Survey are Royal LePage opinions of. _( `! @$ J4 v: Y
fair market value in each location, based on local data and market knowledge
N, v5 k" Q$ a. x2 uprovided by Royal LePage residential real estate experts. Historical data is
+ \: i" k# J$ u" I! Ravailable for some areas back to the early 1970s. |
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