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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
: \; k7 {1 w7 J! K8 t0 }7 B$ I
6 v" j  P+ Q/ K8 z) |  x, O- Country's market poised to show growth throughout 2006 -3 Z* c' P& j3 l( @4 V% i  B  H
& y% F6 t+ h  {7 y/ E3 f' a
    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market0 ?6 `3 p+ {1 \2 x* b# T3 Z5 a
exhibited moderate price increases and stable unit sales during the third' H) Z% o. e3 @
quarter. Wide regional variances continued to be the dominant characteristic
$ {  {" h; y4 I+ f& z9 c$ A/ win the market, exemplified by frenzied levels of activity and double digit. K% ]! Z& s2 N# o! B3 e& Y9 Q
price gains observed in the energy and commodity rich Western provinces, and8 \6 _; _2 K8 F6 N' l7 M/ a3 I
more reasonable sales volumes and moderate price appreciation in Ontario,+ C* L% v" K6 K
Quebec and Atlantic Canada, according to a report released today by Royal3 ^' C5 G5 h1 M' H0 P0 |9 Y
LePage Real Estate Services.
5 R! ?4 Q& `9 q; |: t& ]" H6 A% g6 k( K8 g
    Nationally, market trends established through the first three quarters
/ n! c) p1 m+ K4 ^( _4 R2 k  n! pare forecast to continue for the remainder of the year. Robust economic
! ?; U( V7 q/ y/ }5 Z8 h0 qconditions, low unemployment rates, modestly growing salaries and wages, and
1 t4 i% R0 r* O: z) d) |sound consumer confidence contributed to the overall strength of the
# p1 G7 A( k; i# o8 f% aresidential real estate sector.. L5 K( I0 T5 E8 V) P( U
% c! Y( h7 ~% p; N' Q
    Of the housing types surveyed, the highest average price appreciation5 A& e3 X" y4 V& @& `4 l1 m1 O2 i  ]
occurred in detached bungalows, which rose to $300,365 (+16.3%)2 [' a# \( W* r+ Q' Y- }/ L
year-over-year, followed by standard condominiums, which rose to $211,562( Y8 S8 _5 @! Y; U) D) H3 w
(+14.2%), and standard two-storey properties, which increased to $365,380
* v% W3 K/ y, O, B0 q( h0 U(+13.2%).* `- n: X6 m# `

- `% \' z) _4 D/ _3 c! T    "Canada's sturdy housing market continued to demonstrate steady growth- R8 g* E8 X* O8 [$ \. h
during the third quarter. For all but the west, we have moved on from the
) U9 Y. q; `7 d- yfrenzied expansion that characterized the first half of this decade, and are
/ ^8 ]# Z  P6 E! R; \; x) @" Gpoised to show continued growth at a more moderate pace," said Phil Soper,, M- \5 A1 E( H# C. a  X3 U% \. j
president and chief executive officer, Royal LePage Real Estate Services.4 O# F% k2 z7 x: }3 y" E& t' Y
"Gone is the sellers' market that we have lived with for some years. We6 ?/ }* S5 K: O' l
welcome the more reliable conditions that are characteristic of a healthy
1 a/ H1 I  Z* f0 A8 E7 I2 fbalanced market."3 u) i8 J, W$ T4 K1 c, n/ a* v! \

. I, W* d+ T/ p$ r( U    Despite the double-digit rise in average national house prices,
  Q, V; w8 e! A9 z$ P$ }considerable regional variances were exhibited again this quarter. The shift6 k8 v4 B7 x0 y! z' M  B2 q
to balanced market conditions, which began in late 2005, has continued
0 v9 X/ x- O/ P0 l! h4 Nthroughout most of the Central and Eastern regions of the country. In the core
) @, z/ ~+ P8 g- K) S2 x4 Uenergy producing western provinces, the combination of very high in-migration,) _% P# h! M1 M) J' t
manageable affordability, and a shortage of inventory has driven record
" @4 w7 c" O9 x' sbreaking price appreciations.  n( Y# Q5 b+ j; P- B& J6 m0 ~
6 G! B, O# z1 K2 \% B( A
    Echoing the second quarter and supported by Alberta's rapidly expanding
; A9 p1 ~: x% l: ?7 R8 Neconomy, Calgary and Edmonton led the charge of Canadian cities with the/ k  m( r+ f0 P+ `) M  R
largest house price appreciation in all housing types surveyed.3 O; w7 C  B: e; n. [
: V5 g# U. @2 \, _
    In Ottawa and Toronto, growth remained steady, supported by solid. P/ S' z* G# M$ [) I1 `; [) I
economic fundamentals, an increase in available inventory and strong consumer
3 Z0 h: \& Y* M' Lconfidence. While the pace of price appreciation in Ontario leveled off- [  q9 e  S/ y9 ~$ L  |: |5 g
slightly, the province's real estate market remains poised for modest growth.
( r* T: G$ Q0 w4 p& m$ ]In Atlantic Canada, new housing and condominium construction offered buyers
1 ~% {2 F6 u# s6 Y% w. `, l( L7 sgreater selection at more competitive prices, resulting in a slower rate of" S) C6 A/ i# h1 {9 D3 \8 Y* ^
price appreciation when compared with 2005.
0 M) k6 F9 n" b4 L- o4 E' G' P1 a  h4 c) ~; U4 d* l+ Q1 W4 p. u' D* S
    While the pace of growth in Canada has slowed, the domestic housing9 h* ]% I$ k' d* a
market is expected to outperform the American market. The economic and
( M1 g1 `+ ^, r' sfinancial fundamentals driving the residential real estate sector in Canada
$ \$ ?; d. e/ [( gare markedly different than those found in the United States.9 Z: K- k8 y4 h" \7 _7 _

; d" q7 B' A+ n    Added Soper: "Canada's housing market is likely to outperform the) c! E% G. B9 R9 y) c9 G/ q
American market through 2007. A number of factors are working in Canada's+ A7 L% k; F9 @2 G2 D5 q5 K$ F
favour, including healthy personal and governmental debt levels, the- t$ H# ?: a' d% c
relatively modest rise in interest rates in our country, and general
4 d( d- k7 d& f& `" Zaffordability in our major cities. In addition, Americans are now seeing the
7 {' q: h5 n- n( G4 z$ Ndownside of a tax system that encourages maximum homeowner leverage, and1 W, ~& `/ W5 d+ X: D' k
aggressive financial products such as zero- and negative-amortization7 f) _* h1 g! P7 d2 O
mortgages that work only in a high price growth environment."
* w: b5 q& X, V
4 u: ~8 R) d: h2 k    <<' M9 w. z9 |, }
                             REGIONAL SUMMARIES
3 `+ x3 ?( Y3 @* t& E- U3 K    >>
0 F' q0 E" x) x9 x1 ~* h& n
1 h& ~6 X+ E" }% t    Balanced conditions continued to characterize the housing market in
+ k: k! c0 e9 n2 V0 h9 ZHalifax, as significantly higher inventory levels helped to moderate the rate5 N; O2 g/ P, v% `! B6 g
of price appreciation. Buyers were increasingly choosy, taking more time
0 r7 K7 E: M" ]/ Mlooking for newer, low-maintenance properties that were not in need of
# X1 j5 o- L1 i, ?' {" n3 crenovations.
' f/ [' E: p  a
3 F3 v  p# b: p) [7 S# X    The housing market in Moncton remained healthy and strong as a slight
3 e. f% q: \6 v9 @- q1 iincrease in inventory helped to moderate the rate of price appreciation1 J; @; o5 g/ D$ t9 M/ F4 \. H
compared to the same period in 2005. Activity was brisk throughout August and
- a0 c" L& O( r! sSeptember and is expected to remain this way through the fourth quarter.
6 ]. m3 x+ x, h; u2 ?7 R: k: Q. `% E6 E5 n6 L
    The housing market in Saint John underwent its traditional summer, n# Z2 `, D- \3 }- R0 g
slowdown in the third quarter, with activity picking up towards the end of the! V+ O) O  ]* E5 Z( e% W4 }. W
quarter. The local economy continued to thrive, as construction on a new
* l0 T. \, v& a, Q) U/ A* V' \600,000 square-foot shopping area has begun, bringing several new box stores
- q1 M9 i5 e. Y2 B+ B" Mto the area. Buyers have begun seeking less expensive fixtures for their homes
! s1 R" t- e3 g. A! W6 rand are instead opting for more affordable housing options.
! h2 `) b: g7 \# P+ g1 |1 w! J% R) ]/ o/ Z8 `1 H" T
    In Charlottetown, the housing market started to move towards balanced* \' L2 I0 A9 K3 r# Z4 x$ ~
conditions, as some sellers had to begin to lower the asking prices on their
" n6 o0 h& P  Z+ Ihomes to make them more competitive. Activity from out-of-town and US buyers
( t6 b3 c* K/ G3 |was down slightly compared to 2005, likely attributable to the strong Canadian
6 k$ w8 }# m4 ddollar. Inventory levels began to creep up in the third quarter, providing; R" u. S, J( z3 t: d8 m
buyers with more options when looking for a home.8 F) V3 p4 r5 y6 f

& J  a" A* {  V    Activity in St. John's slowed slightly in the third quarter, particularly
  k. @0 G% W7 D2 Y- S3 ~) Y+ Namong higher-priced properties, where there was a slight over-supply of homes
2 U2 Z, [* ]) @) I& \' Zpriced over $200,000. Listing periods have increased when compared with 2005,3 ]+ [9 a( a0 a: M
as some of the pent-up demand that had characterized the market over the last" n, g  o/ `- c  K7 i+ L
few years has been satisfied, resulting in more normal, balanced conditions.* E7 p  _' I( A2 N! [

- v# w4 L$ o$ z6 e% j    Montreal's housing market recorded modest increases in average house# }$ g4 D- z. R$ ~% [% N7 K( B! Y
prices, due to a slight seasonal slowdown in the third quarter as inventory
! `# z7 S# W; w2 r3 `7 elevels rose. Part of this can be attributed to the fact that many renting
* S( O% }% r: N4 Kfirst-time buyers were motivated to close on the purchase of a home by July 1,3 f# j$ G+ S# r. O: r# P  Q
when rental leases expire in Quebec. Once this date has passed some of the
# B4 e/ ?- R# e9 w1 h5 Kpressure is taken off the market, allowing buyers to visit more homes before
6 S% Y. [% z- Xmaking a purchase.
8 I8 {/ p1 D6 X& h
$ o# `) ^& y+ `& H  O9 ]0 ^    Ottawa held its position as one of the country's most stable housing
* j# l: d" r' u" W) s+ v" S) y4 bmarkets in the third quarter, reinforced by a vibrant local economy and strong5 {$ s7 }# H$ [" {6 ~/ f
confidence, resulting in modest increases in average house prices. The city- W8 Q# p- p  U0 Q  d- |* t+ X5 \. G
centre remained a bright spot in Ottawa, with homes in this area attracting
$ W5 G7 e# Y  t3 n2 ]" Sattention due to their convenient location and proximity to downtown
0 i1 D# R2 F5 O7 v# Iamenities.
) v% C/ b; c6 l4 \5 C! K. F# a# k: q0 S
    The housing market in Toronto sustained healthy activity levels. e2 o$ G, w  g4 j7 N
throughout the third quarter, as a strong economy helped to maintain demand/ d0 C0 Z  Q1 q; H4 |; A
across the city, causing average house prices to rise moderately. Toronto has$ G: D8 U' R5 Y/ q" T7 [+ L0 g
continued to experience modest growth in average house prices, and has been1 y! V8 R0 U  z! B
driven primarily by purchasers who are buying homes as their principle% u4 w$ h% m( I$ s1 y
residence, rather than for investment.
) K" F6 E  M; e* Y$ v/ O9 g# G' y; |$ T
    The vibrant Winnipeg housing market continued to show its strength as
8 x% b0 f$ u% `" U2 Q; @house prices rose during the third quarter. The booming local economy resulted# ?  d  A) O: R7 I: W0 \
in a historically low unemployment rate, helping to bolster consumer
/ D; X* a; l' kconfidence and Winnipeg's ranking as the city with the lowest capitalization  M6 k) b/ x, B, F( ?- a5 y
rate among the country's larger cities - helped to encourage buyers to enter. S1 ?& i6 v3 i6 h
the market.$ m' _; v1 I! e$ u. w
# u1 M$ t/ s2 K- @# H/ f  L
    In Regina, the market experienced a slight seasonal slowdown through; x9 {9 P3 n. S6 ?% g6 M+ m$ _' M
July, as there were fewer purchasers in the market due to summer vacations. In- O+ I$ k. z$ d) g: X  \* U  {
August, activity resumed to the busy pace previously seen in the spring/ q3 _- U2 t, w- C: Z0 ?$ u" {; g
months, as the influx of purchasers made it more difficult to find a home due* P( J* [1 `$ U4 A" s& O9 I
to the shortage of available inventory.' l, [+ m/ q% n0 d6 ]5 L  u7 ?
* n! q  m6 p6 D" j: p* C
    Activity in Saskatoon remained brisk as the market maintained its
9 R; R" p, j; L0 v9 l# j. K( Bmomentum from the busy spring sales period. The economy in Saskatoon remains& E# H1 @( I* G9 R
vibrant, as employment opportunities are abundant with many businesses
5 X! ~3 z* i: H4 w4 ystruggling to make hires and having to recruit outside the province.
. ~9 c, v: P, Q2 h8 {0 B' ^/ U! v& k2 K/ I* ~) N* T
    Calgary's housing market recorded blazing average house price increases6 ?* Z. M1 _; u5 s1 @' m7 n
in the third quarter, in all surveyed categories. The burgeoning economy, low
8 s* q) N, @+ X9 \/ L; [! w0 R' Runemployment rates and low inventory levels remained the leading factors that
9 c9 J( b2 x% c- U  Cpressured Calgary's house prices upwards. However, regardless of the soaring' X% v$ `& |0 G7 i
prices that characterized the market - even during the typically slower summer" ^% T: ~8 ?9 ~: _& o
season - it is expected that activity will become slightly more balanced, as
* D; b/ n2 U% n. T/ xbuyers are becoming more reluctant to participate in the frenetic activity.

2 ~% I) f2 L" d9 X  l  [( y4 j% m# \. V( U) ]$ |
    Edmonton's booming local economy continued to thrive in the third quarter
$ R' g' Z* O/ Q8 Bas activity in the oil sands north of the city continued to flourish. Edmonton# N# X; V3 g/ ^$ R1 L# l: m4 S
remained the hub of activity for those coming to work in the oil industry,1 e2 q- e3 t, v: U" U
maintaining tight inventory levels across the city, resulting in prices6 e3 V8 ]4 B& {' @1 C- }
increasing at record levels. However, as inventory levels continued to improve( J+ M- y: X' }/ Y' S+ q  w
in the third quarter the rate of price appreciation should moderate slightly9 e( N( ?8 j" G# r( W( z8 L
towards the end of 2006.
   
# y$ L+ `! g! E7 Y4 T! c7 T/ B. w# n
While Vancouver has seen a slight reprieve from the severe shortage of4 C0 _. Z) f# G$ W3 O. m5 V
inventory that had previously characterized the market, supply is still unable
% l* o  K4 O: L% q9 n( jto meet demand, driving house prices upwards. Vancouver has a very diverse
" a6 m7 }" k, W7 }& A9 B0 A) D, ~group of active buyers - from first-time home buyers to baby-boomers to$ P9 R7 R: }: U, m1 J; j7 g8 e& W% b
foreign investors - all of whom fuel the demand for houses, placing added
0 P9 E0 L$ i, ?% p3 r6 G/ e( ^pressure on tight inventory levels.! ?: Q/ F; |- d* N% y$ K

$ A% W, k( u/ G" m; o    Victoria's market is vibrant and supported by strong economic
: O/ E7 ~7 M; Qfundamentals, fuelled by a booming tech sector and a migration of young people
! t6 D) U. U0 k! ~5 ]0 k# L) p2 yinto the city that has continued to support the area's house price increases;( Y# B; ?, T* x+ ~
while increased inventory levels have afforded buyers more time when searching
" P, a" l4 n9 a1 o/ Nfor a home, helping to normalize the market's pace.
5 u5 |# C. n4 K* y% D) R, Q: i2 D+ s- H
    <<- v) G+ U' G7 N3 Y
      Survey of Canadian Average House Prices in the Third Quarter 20062 q& a# _& |: ]1 B3 i; u2 v
8 W, O3 S# y4 r  C
    -------------------------------------------------------------------------+ E, p; U% M* U' }
                 Detached Bungalows                Standard Two Storey$ N7 c' U: b' {- m  h
    -------------------------------------------------------------------------
$ l  w. q' L- C+ H3 R- L" M  x                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q3
- b1 n/ N# l0 c    Market           Average     Average    % Change     Average     Average
; w; z8 Y- m% J1 e    -------------------------------------------------------------------------5 ~/ A: N/ o7 q- y% l0 c5 L4 u
    Halifax          186,333     173,333        7.5%     198,667     199,000
8 }2 B# m  n# O/ r    -------------------------------------------------------------------------4 G1 j( v% B7 _  l4 P  `& R
    Charlottetown    145,000     141,000        2.8%     175,000     170,000) W: ^/ G3 y- J* @  u5 w3 e6 ^
    -------------------------------------------------------------------------. J8 }) o1 a- S$ c( |/ l8 X& U
    Moncton          135,000     127,000        6.3%     129,000     123,000
! A7 g$ T3 }% a, o, Z7 g; I    -------------------------------------------------------------------------/ B+ t* O% z9 L* B4 A5 _: ~
    Saint John       141,200     142,900       -1.2%           -           -( b3 V+ H) _: p4 L& O4 R3 q
    -------------------------------------------------------------------------% @0 i% \4 }* q, N( [+ W) Y% ]
    St. John's       143,667     142,667        0.7%     200,667     202,3334 Q9 p4 m3 l4 \
    -------------------------------------------------------------------------
# s. c, ^/ E* ~( v3 Y6 q    Atlantic         150,240     145,380        3.3%     175,833     173,5832 |5 P7 {# @, p1 c0 D
    -------------------------------------------------------------------------
3 p+ {' M: B, \1 G    Montreal         213,691     203,500        5.0%     321,141     316,185) V; y* {; V4 R, K
    -------------------------------------------------------------------------* G" Q, J9 Z$ p
    Ottawa           290,083     278,417        4.2%     285,667     273,250* O. K7 \/ H3 Y0 s: b) M
    -------------------------------------------------------------------------: P! y. n0 L( h, O
    Toronto          373,368     355,882        4.9%     481,523     474,7667 y& _) d. A7 ^, M( b: g6 ~
    -------------------------------------------------------------------------
1 {+ X' L# k" \( A# Q; @: x    Winnipeg         181,579     159,860       13.6%     202,337     180,707
, g/ G& Y6 W6 J* F# `& z6 r    -------------------------------------------------------------------------
! f3 A* P3 X9 j    Saskatchewan     170,667     156,083        9.3%     182,600     166,500
% A4 R$ k4 Z2 Z2 R# ^    -------------------------------------------------------------------------3 u2 r- r9 j# V1 g
    Calgary          395,067     252,411       56.5%     405,778     264,389
( @8 z3 Y8 ~+ |    -------------------------------------------------------------------------- T3 Q9 e" Y1 o. _6 u/ G
    Edmonton         286,857     194,857       47.2%     316,429     206,714/ g) M! A- T4 x2 [! e! e' x4 y
    -------------------------------------------------------------------------. [0 R( \( n) A4 R+ A6 O5 c" f! d
    Vancouver        704,250     601,000       17.2%     794,000     697,500" \/ H. e+ j5 n4 R2 I: ?
    -------------------------------------------------------------------------- z+ Q  [/ j  q! U
    Victoria         375,000     348,000        7.8%     403,000     391,000; M; \; ~+ C2 r& s/ s2 W: l
    -------------------------------------------------------------------------
" V* `* r8 }: M  `* ~. c- ?  L    National         300,365     258,202       16.3%     365,380     322,860
: ^* ^. w3 u% `$ w1 B4 i    -------------------------------------------------------------------------& V) G. G5 _( R8 l0 D1 M
2 y# q( T  U3 ?9 I
    -------------------------------------------------------------& F. Z" V. q# A( j
                               Standard Condominium
7 L  `9 s7 p  j: s8 O7 I    -------------------------------------------------------------
" C4 u  E/ f& K( d8 h# g" f& Q                    2-Storey     2006 Q3     2005 Q3       Condo: `7 ~/ l9 A1 [  W9 G
    Market          % Change     Average     Average    % Change
! q) i+ Z" L; h, N% E    -------------------------------------------------------------9 T& e, ]' T; D  \
    Halifax            -0.2%     142,000     103,000       37.9%' b8 o& q. G: E3 t6 P
    -------------------------------------------------------------
4 j% k0 Z: m! b* g    Charlottetown       2.9%      98,000      98,000        0.0%
# W# c: P* X' U$ w1 f) D7 I    -------------------------------------------------------------
% ~9 }" w( i6 V3 \1 _    Moncton             4.9%           -           -         N/A+ x3 `0 V# h( N1 U
    -------------------------------------------------------------
$ @* Q+ y5 V7 L, K% f. c! D9 @. f5 z    Saint John           N/A           -           -         N/A
* K( K1 K( A8 }% ~) R    -------------------------------------------------------------3 H1 @- B7 k7 Q) [, ?& P
    St. John's         -0.8%     146,333     145,667        0.5%
! f. D$ G2 |8 A- U1 b% J    -------------------------------------------------------------
3 V0 m% f- W- H    Atlantic            1.3%     128,778     115,556       11.4%
0 g" e+ @) R* f1 Y8 i9 u    -------------------------------------------------------------
" r2 L4 y$ Q: n" }8 u' g) i    Montreal            1.6%     193,190     188,016        2.8%
* v! ]+ S5 K" `' N! A, f; s    -------------------------------------------------------------
( {) S, F5 p! S- G0 S    Ottawa              4.5%     181,083     172,250        5.1%
8 c- [( u$ n) D% ?    -------------------------------------------------------------
1 K+ v) F7 X% p, g6 W# J7 N) c# s! f3 T    Toronto             1.4%     252,088     242,918        3.8%
+ O$ G; Q' b) T3 i* F% g- t    -------------------------------------------------------------# K# N- [4 ]# J8 n
    Winnipeg           12.0%     105,648      96,008       10.0%" A* d, i) A6 m# R/ x0 Y8 ^. F9 ~
    -------------------------------------------------------------
3 n7 Y8 ]$ D6 T: J9 p    Saskatchewan        9.7%     106,250     101,000        5.2%
1 d( C2 e6 N; v6 o0 T' q3 X) o5 x    -------------------------------------------------------------5 Q' d+ }9 h& t* U- q. U# K+ @
    Calgary            53.5%     245,844     153,867       59.8%2 N4 n1 C% b, N  @  J2 c3 J
    -------------------------------------------------------------
9 p/ V8 G7 l  f9 R9 C7 J    Edmonton           53.1%     200,433     131,500       52.4%
2 D% r/ G; Z# D' N9 u, d6 J    -------------------------------------------------------------/ H7 i( a+ A8 {% W
    Vancouver          13.8%     366,250     323,250       13.3%, t9 H* g) t: p  [0 l9 G# P7 j
    -------------------------------------------------------------* r1 n( K7 r" {7 F
    Victoria            3.1%     229,000     220,000        4.1%! g+ H1 ?, z2 u  w( g2 P
    -------------------------------------------------------------
6 R' S& P  }7 ^" \    National           13.2%     211,562     185,296       14.2%+ X( @* c" f1 _( E
    -------------------------------------------------------------
* \0 g1 B1 |" q& }2 X& v7 C    >>
6 h3 S  _2 Y- |0 v$ e
% d7 K$ ^5 ~" W( G* a- x# \. T+ d    Average house prices are based on an average of all sub-markets examined- B; h3 j2 `6 k1 U
in the area, except for the smaller markets of Charlottetown, Moncton, Saint4 h9 ?3 Z) o' R
John and Victoria.
# P' ~  u  ^; l( }2 n3 Y1 H' M! s; [8 V$ h- R2 A. y
    The Royal LePage Survey of Canadian House Prices is the largest, most
' @4 z* d1 \6 vcomprehensive study of its kind in Canada, with information on seven types of* F0 ]- i. f+ m0 S2 A- c
housing in over 250 neighbourhoods from coast to coast. This release
( c9 ?$ V" U5 ^6 G7 @  Nreferences an abbreviated version of the survey, which highlights house price
  T( ^# z1 Z& J. }6 H0 }trends for the three most common types of housing in Canada in 80 communities
/ |6 O% P8 a' N& `5 _8 L/ p/ Kacross the country. A complete database of past and present surveys is* ]4 z/ l+ B" [/ \9 d; i
available on the Royal LePage Web site at www.royallepage.ca, and current2 X( p& Y' M* z% T( }0 y
figures will be updated following the end of the third quarter. A printable
& `% O& D" f2 i; {" Aversion of the third quarter 2006 survey will be available online on
; c; E- z: c# W. F9 Y" fNovember 15, 2006.
5 g4 ~9 Y6 M$ N. w; T    Housing values in the Royal LePage Survey are Royal LePage opinions of) s" B6 k& g2 D( w9 u
fair market value in each location, based on local data and market knowledge
$ u* K5 P7 i; e0 R0 uprovided by Royal LePage residential real estate experts. Historical data is
6 f: F; H2 V% g( b7 b: p; }available for some areas back to the early 1970s.
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