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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
) m( j, c, s7 Z; {9 H# R4 l3 _+ S2 F
- Country's market poised to show growth throughout 2006 -0 G3 H3 M% ]1 I/ y) e6 h
1 E3 D2 i. _- ^/ X; ^  |% B
    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market; R$ C2 j! D2 k, t4 `* X5 C6 p
exhibited moderate price increases and stable unit sales during the third
# y, E6 x+ H- x, T. k2 e; c3 {quarter. Wide regional variances continued to be the dominant characteristic
' C2 C9 d' @4 b! `$ f+ p; i! sin the market, exemplified by frenzied levels of activity and double digit
) |! a: w" D# J) q0 X  Fprice gains observed in the energy and commodity rich Western provinces, and1 d) p0 L! f7 D
more reasonable sales volumes and moderate price appreciation in Ontario,
) u0 N; g+ S3 g8 t$ {3 \Quebec and Atlantic Canada, according to a report released today by Royal
' ~: F# W  `3 N. `LePage Real Estate Services.: [: F! x3 q9 ^+ Q0 h+ |+ d

. d7 o) }8 d  @* x6 k    Nationally, market trends established through the first three quarters# L1 B; U' E! |: Z# k
are forecast to continue for the remainder of the year. Robust economic4 w  j5 `$ t& @- `/ ?) L
conditions, low unemployment rates, modestly growing salaries and wages, and1 m, @- o! A- J# U6 t
sound consumer confidence contributed to the overall strength of the
$ J1 O6 k( [+ S. d, F2 |2 sresidential real estate sector.
, V) d+ z3 T8 W5 i
4 B% b, G8 U2 N. I6 Z. J    Of the housing types surveyed, the highest average price appreciation
, l+ E  `$ |# P5 Qoccurred in detached bungalows, which rose to $300,365 (+16.3%)
' U' |/ B/ c# Qyear-over-year, followed by standard condominiums, which rose to $211,5629 i5 a9 b# s* G5 y
(+14.2%), and standard two-storey properties, which increased to $365,380+ y  g! `: u3 h. Y
(+13.2%).
- g. r1 [7 I& v$ F6 K# O
) W8 c/ B/ y, }2 r4 k$ g    "Canada's sturdy housing market continued to demonstrate steady growth
4 [8 R6 M9 b, V0 |+ Gduring the third quarter. For all but the west, we have moved on from the
3 a: @7 A, h6 v$ U, V8 Y+ hfrenzied expansion that characterized the first half of this decade, and are" r+ n7 c6 _# ]2 Q
poised to show continued growth at a more moderate pace," said Phil Soper,/ {& I& u4 R- s# a7 I0 c
president and chief executive officer, Royal LePage Real Estate Services.
/ W3 U/ @- F" l. L! I! {7 M9 s6 B"Gone is the sellers' market that we have lived with for some years. We0 C+ w9 I& E0 {' v, n$ J
welcome the more reliable conditions that are characteristic of a healthy
0 B, O) ]& K: O; r$ w8 pbalanced market."
: H7 {1 x; e5 k$ X' ]8 t7 ]; k+ H; [$ n$ {8 X& V2 ^) v. I
    Despite the double-digit rise in average national house prices,
, @5 ?" m, M' Z3 E6 s, s0 m+ Uconsiderable regional variances were exhibited again this quarter. The shift; T; H' e3 r8 c4 n9 }
to balanced market conditions, which began in late 2005, has continued" `9 D! c4 o9 E3 ~/ z2 A9 `
throughout most of the Central and Eastern regions of the country. In the core+ O+ O2 H6 f* j; y8 T# Y
energy producing western provinces, the combination of very high in-migration,
6 |, |2 X: O; mmanageable affordability, and a shortage of inventory has driven record
* Z( R  o3 h+ ~/ x/ X  m0 Xbreaking price appreciations.7 ^! i! A" C/ h) d5 x7 f( M

- j5 G1 ]- j4 S    Echoing the second quarter and supported by Alberta's rapidly expanding6 p0 L# n8 l0 t1 a; C
economy, Calgary and Edmonton led the charge of Canadian cities with the( m: V& E+ O+ |  O; P
largest house price appreciation in all housing types surveyed.6 d" Y- o9 Y& q$ X, X. [" g

. |% W7 Z2 A" j5 o7 {    In Ottawa and Toronto, growth remained steady, supported by solid$ u( a4 G- n) N5 I4 a0 M
economic fundamentals, an increase in available inventory and strong consumer
9 ^/ N1 x" J9 c5 Nconfidence. While the pace of price appreciation in Ontario leveled off. t4 ~: d% H+ P& B, Z3 ^
slightly, the province's real estate market remains poised for modest growth.4 o* ~6 Q6 o& U. D6 L
In Atlantic Canada, new housing and condominium construction offered buyers
/ j) j9 V- l% t: Igreater selection at more competitive prices, resulting in a slower rate of
. L- Y, \! ^4 C0 k- N/ `price appreciation when compared with 2005.
7 ~6 @: Z0 t7 \1 {
3 O& G; a7 M  ~    While the pace of growth in Canada has slowed, the domestic housing9 m6 C! ]- F$ y+ h' ?% D  b1 s: I  d
market is expected to outperform the American market. The economic and
$ J) |2 `1 Z4 qfinancial fundamentals driving the residential real estate sector in Canada
$ v/ h/ d  W, Zare markedly different than those found in the United States.
& o/ l. L9 g/ b" R) S
' S: i" o0 W- z- ~& M1 C! ?    Added Soper: "Canada's housing market is likely to outperform the
8 o4 Y1 h) p3 g) @9 mAmerican market through 2007. A number of factors are working in Canada's" @8 x/ n. P2 J5 _
favour, including healthy personal and governmental debt levels, the
' `& T0 @2 T  O& l/ T) r# R  grelatively modest rise in interest rates in our country, and general
3 M3 _& D; }* O: W: S+ b* Kaffordability in our major cities. In addition, Americans are now seeing the
1 N& S' o5 G7 r4 _* Q: I/ r2 f( mdownside of a tax system that encourages maximum homeowner leverage, and
4 o% G9 f5 E- vaggressive financial products such as zero- and negative-amortization
0 V( ?2 t1 V+ I  e" \/ N9 amortgages that work only in a high price growth environment."3 g- N. Z' w* n+ [

( t& t0 _0 ^, N& Z2 J% W    <<0 h3 @# C$ N; b; q
                             REGIONAL SUMMARIES
% `  A1 t6 u" q! N. _0 H    >>
* |: f% I; i; V0 m- i1 R# j) N0 C8 q, Q
    Balanced conditions continued to characterize the housing market in
3 T6 h! R: _4 S* i( e$ ?2 F: w9 g' kHalifax, as significantly higher inventory levels helped to moderate the rate
3 B% j5 n1 h- x# {9 F) l# y$ t5 y. dof price appreciation. Buyers were increasingly choosy, taking more time
' r, F. d- T9 E, U0 Qlooking for newer, low-maintenance properties that were not in need of' _$ Q8 C/ K, Z$ `% s$ s
renovations.
) Z7 z8 s* p# l# h! b% u& V& I: i$ t% N( r6 D3 a, ~# }
    The housing market in Moncton remained healthy and strong as a slight4 o7 k% q  p: t* z0 J0 y
increase in inventory helped to moderate the rate of price appreciation
; i) {! \! L( x$ ?, \# Ccompared to the same period in 2005. Activity was brisk throughout August and5 k) u) r/ B0 ?8 K- C( c( n. H  U, W
September and is expected to remain this way through the fourth quarter.
1 v5 G4 z- G& U7 r  z2 J' i
; q7 A5 T+ ]: U* M/ [- k    The housing market in Saint John underwent its traditional summer/ A+ L+ B& ?' f2 g3 M. z8 n
slowdown in the third quarter, with activity picking up towards the end of the. v# E/ ]0 O5 D, G4 j9 U
quarter. The local economy continued to thrive, as construction on a new7 [6 _# x" T$ a' {  N5 _
600,000 square-foot shopping area has begun, bringing several new box stores3 B; W) J4 g7 Z" H
to the area. Buyers have begun seeking less expensive fixtures for their homes4 s% N# I. N8 o9 @3 y1 L/ \, |
and are instead opting for more affordable housing options.9 O- n$ m" Y$ d

0 h- I" O* `0 X8 w' d3 V6 }    In Charlottetown, the housing market started to move towards balanced
2 K: I; h4 x  s* C, N) [* n- p0 gconditions, as some sellers had to begin to lower the asking prices on their
  L5 V( P. i' o+ ], ?' @. khomes to make them more competitive. Activity from out-of-town and US buyers/ f2 }( k1 X7 V2 m4 |( M. v3 t
was down slightly compared to 2005, likely attributable to the strong Canadian4 m/ S& }. e9 |
dollar. Inventory levels began to creep up in the third quarter, providing+ I- z- y: w% d  v) z) m
buyers with more options when looking for a home.
8 `* k3 g6 U' F3 X
  |* q6 I: |* q/ u3 Z  v3 }: e  F    Activity in St. John's slowed slightly in the third quarter, particularly% X$ H9 j1 p+ A
among higher-priced properties, where there was a slight over-supply of homes
2 Y3 l& e: G' F! q/ ]priced over $200,000. Listing periods have increased when compared with 2005,3 w# E' q. E: Y+ A; h) ]0 @- A- V
as some of the pent-up demand that had characterized the market over the last2 ?  W/ m- I" `6 d0 m+ ?
few years has been satisfied, resulting in more normal, balanced conditions.
( S. X% p) J  f2 e# v
+ b2 {5 l) ^* V0 W: p$ |5 b    Montreal's housing market recorded modest increases in average house, l) p. _* c( w5 Z$ n& u
prices, due to a slight seasonal slowdown in the third quarter as inventory1 K, z! R7 |$ q9 }# ?( d8 u, ?% b' ^
levels rose. Part of this can be attributed to the fact that many renting
; Y. e: c8 R2 Kfirst-time buyers were motivated to close on the purchase of a home by July 1,
9 C% B' a$ ^1 Q8 Z0 \1 I7 E6 Vwhen rental leases expire in Quebec. Once this date has passed some of the( d* w+ k( b: N
pressure is taken off the market, allowing buyers to visit more homes before! c1 n, v3 N0 S1 E
making a purchase.
0 \7 ^% ^1 D* l7 o) j. F# }0 J3 F2 a% T5 ?& X# \$ q& I. Y
    Ottawa held its position as one of the country's most stable housing9 K1 w. r5 b+ |  U% @7 J) X, t
markets in the third quarter, reinforced by a vibrant local economy and strong
. P+ \; ~1 Y: f5 @confidence, resulting in modest increases in average house prices. The city0 A  ?$ u6 g2 q. e0 u( {1 G3 N
centre remained a bright spot in Ottawa, with homes in this area attracting
  o& L4 u1 `# s1 M3 u, [* dattention due to their convenient location and proximity to downtown
) {1 e* g7 K9 M/ A1 U3 @% camenities.5 U( b/ U" c. m9 p$ l

  l6 }8 i1 `9 y    The housing market in Toronto sustained healthy activity levels. J) s5 b1 t5 o6 W- G( p
throughout the third quarter, as a strong economy helped to maintain demand/ b) |2 M# `% _
across the city, causing average house prices to rise moderately. Toronto has
& v2 e. I5 v# E" Ocontinued to experience modest growth in average house prices, and has been% I0 f. h; Q& ?8 U
driven primarily by purchasers who are buying homes as their principle
: G! j/ \& d. M$ C" o0 rresidence, rather than for investment.6 a/ }7 `; C$ A9 n2 Y- s2 O5 E% Z
% r2 O5 Q$ A% |4 ~6 t9 c7 L
    The vibrant Winnipeg housing market continued to show its strength as. @& S7 j# N' }0 t8 D
house prices rose during the third quarter. The booming local economy resulted
( o8 b+ q: m: c5 I  j, }5 Zin a historically low unemployment rate, helping to bolster consumer
: s6 V. O! l* m) F+ R. M( h% b: rconfidence and Winnipeg's ranking as the city with the lowest capitalization! P3 e7 G% X, h+ E" I0 _: c! n! y
rate among the country's larger cities - helped to encourage buyers to enter
7 x% ?! v, x4 ~  _5 H5 Ithe market.  L, }0 s( Z; k! d  U
; o8 }  [& x3 |3 p2 L0 e
    In Regina, the market experienced a slight seasonal slowdown through
( M- c# r8 x1 M2 O3 o* j. ~2 q, YJuly, as there were fewer purchasers in the market due to summer vacations. In! m( W5 y7 S, q$ n$ o7 F$ o
August, activity resumed to the busy pace previously seen in the spring$ M# e/ ~- U( {/ r$ I0 U' |
months, as the influx of purchasers made it more difficult to find a home due( `* |. T; E0 X, |* }- G! A
to the shortage of available inventory.
) T. Y* V( i* ^: l$ w
1 ^# ^( g2 `1 Y    Activity in Saskatoon remained brisk as the market maintained its" S3 a. x) P; N+ d) E( f+ l6 z' a
momentum from the busy spring sales period. The economy in Saskatoon remains8 _- z+ ?9 Y# j$ E- X% q* C
vibrant, as employment opportunities are abundant with many businesses
2 q3 _9 C& H$ U  o6 P* v" ^struggling to make hires and having to recruit outside the province.
& L2 L/ v. T9 |6 N, f
8 n) A  m4 X/ ?! v- |( F  I    Calgary's housing market recorded blazing average house price increases1 F' Y/ V# o! Y" U9 c9 `1 f7 N+ \: o. c
in the third quarter, in all surveyed categories. The burgeoning economy, low
# V& j* A7 P0 o  d9 K' h5 r0 Iunemployment rates and low inventory levels remained the leading factors that- ]; N0 L9 \0 S- U1 Q+ C
pressured Calgary's house prices upwards. However, regardless of the soaring
+ W1 p+ N8 y+ q. U2 Mprices that characterized the market - even during the typically slower summer
7 u  q/ e0 {& h0 z( M2 ]9 F* Eseason - it is expected that activity will become slightly more balanced, as" _( }+ F- j5 w' ]9 m" \0 v4 C
buyers are becoming more reluctant to participate in the frenetic activity.
6 A6 x0 x: W* h( X

. r2 v; F7 H; r! T    Edmonton's booming local economy continued to thrive in the third quarter6 k7 \  T; F! R( I  F, N3 e
as activity in the oil sands north of the city continued to flourish. Edmonton2 e' b) ?, Q% c. e5 x) k9 [0 @
remained the hub of activity for those coming to work in the oil industry,. w$ z8 ]& B" u3 |# b& v: n
maintaining tight inventory levels across the city, resulting in prices6 H$ b0 U3 d: e, m& [- u1 \5 D
increasing at record levels. However, as inventory levels continued to improve
1 p. U4 x: |: A# ein the third quarter the rate of price appreciation should moderate slightly
' W% C# S/ `  O. D* i6 O3 \5 Jtowards the end of 2006.
   
' J. M9 B, X! `2 g( G4 N+ D- X* Z; [! k+ `& v4 c
While Vancouver has seen a slight reprieve from the severe shortage of1 S2 ^: q% v% K: K0 X3 I0 y
inventory that had previously characterized the market, supply is still unable$ t% D, U- r! ]! b  V3 ?" _" m
to meet demand, driving house prices upwards. Vancouver has a very diverse
0 Y6 K& E8 {& ~9 y7 D# O) Hgroup of active buyers - from first-time home buyers to baby-boomers to
3 K5 N! L- }( x! n+ uforeign investors - all of whom fuel the demand for houses, placing added- n4 i: c/ l% }' B/ e3 ]1 V
pressure on tight inventory levels.( ^$ W' ]' ~- M5 S% a: k

; b6 D2 j8 L# I  B& h5 f& y    Victoria's market is vibrant and supported by strong economic
% u8 @$ S( a4 ~; [6 Nfundamentals, fuelled by a booming tech sector and a migration of young people* {' Z) }& \8 e" D6 v4 N
into the city that has continued to support the area's house price increases;
/ n, x% S( l. L6 o3 C. Ewhile increased inventory levels have afforded buyers more time when searching
) P. X2 X5 `1 Y3 Jfor a home, helping to normalize the market's pace.0 a7 j+ L; ]) @; y  {
$ {- L- Q) G) A" \* R1 v
    <<! i5 t) G( z# H
      Survey of Canadian Average House Prices in the Third Quarter 2006( x, J& m0 h* S+ Q$ [

3 J- G9 n6 p9 B+ @3 Y7 @    -------------------------------------------------------------------------
/ B9 |8 `2 @( K, `4 w                 Detached Bungalows                Standard Two Storey
* M' l3 V0 [% U* ]& \4 N7 v    -------------------------------------------------------------------------! X. E: i  z% t1 H$ _
                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q3
% \) |8 J9 @, H2 X9 f! Y    Market           Average     Average    % Change     Average     Average2 d) i5 |" Q' u+ |
    -------------------------------------------------------------------------
: m4 R0 D4 Q3 B1 g    Halifax          186,333     173,333        7.5%     198,667     199,000: e! T# Z7 t$ E: a' d% M
    -------------------------------------------------------------------------
2 h8 F' W% v: l    Charlottetown    145,000     141,000        2.8%     175,000     170,000
& z5 S4 ^( `, m5 R& ^' c) F    -------------------------------------------------------------------------2 m# k3 n' E8 F5 {
    Moncton          135,000     127,000        6.3%     129,000     123,000- \3 c- @8 E& T2 @1 P( ]
    -------------------------------------------------------------------------) A' W* t+ H* L# n! l
    Saint John       141,200     142,900       -1.2%           -           -
5 r4 U3 i9 w) s0 W* ?8 L  E    -------------------------------------------------------------------------# Q5 z7 x4 ?# a7 z5 N
    St. John's       143,667     142,667        0.7%     200,667     202,333
( n  u7 H+ l  V0 ]2 g4 I% D! w# |; i7 W    -------------------------------------------------------------------------! e5 \( J- ?6 \
    Atlantic         150,240     145,380        3.3%     175,833     173,583$ `/ I) @/ f2 ], F# b9 D1 P
    -------------------------------------------------------------------------, ]' \; [  b& V& c9 n
    Montreal         213,691     203,500        5.0%     321,141     316,185
* D1 Z+ i8 T6 k! w    -------------------------------------------------------------------------" I2 A  {* _, w7 c
    Ottawa           290,083     278,417        4.2%     285,667     273,2500 @7 ~# t$ M' ~. K
    -------------------------------------------------------------------------
5 t0 d6 `- i' s: Q    Toronto          373,368     355,882        4.9%     481,523     474,766
/ [. |% |  W$ h' w) g3 L    -------------------------------------------------------------------------5 g. b# _4 P0 r. K' V& H
    Winnipeg         181,579     159,860       13.6%     202,337     180,707
( U$ O. r4 A. f  s    -------------------------------------------------------------------------: r4 @$ U) l4 m( ?# W
    Saskatchewan     170,667     156,083        9.3%     182,600     166,500
2 y, z2 k% w4 A    -------------------------------------------------------------------------
! E$ ~2 F; E2 N    Calgary          395,067     252,411       56.5%     405,778     264,389
3 a" X* L, v8 Y) g    -------------------------------------------------------------------------. Q- _, I8 C. f6 m
    Edmonton         286,857     194,857       47.2%     316,429     206,714: p, Y* F0 T; r; s) g/ _6 @
    -------------------------------------------------------------------------7 D" `$ D: F% S* b% y& I. z  X1 H7 K
    Vancouver        704,250     601,000       17.2%     794,000     697,500
# p! A8 j  z: [+ K1 p    -------------------------------------------------------------------------* k5 T! |0 n: \5 V
    Victoria         375,000     348,000        7.8%     403,000     391,000
4 d; p$ T! T  _$ w0 x/ A    -------------------------------------------------------------------------
1 g" v' n2 w+ F# p$ G) n    National         300,365     258,202       16.3%     365,380     322,860' b7 o$ {' z8 y' e' _! B
    -------------------------------------------------------------------------
* K3 _) [7 n- p( @: z
3 s9 i8 g* J, Z( Z1 a8 F9 y7 _  ^# S    -------------------------------------------------------------4 O4 x+ V5 _# e' {
                               Standard Condominium
0 k9 ~" C; ^& F8 x+ `. \    -------------------------------------------------------------
% @5 T) ]" D9 Y. k' Z                    2-Storey     2006 Q3     2005 Q3       Condo
7 l5 F7 g0 N( u8 F* J5 I    Market          % Change     Average     Average    % Change
: b  n3 t% y7 O' g0 L: d    -------------------------------------------------------------1 Q2 r  x2 `7 S0 p5 D. A) p
    Halifax            -0.2%     142,000     103,000       37.9%
6 g& X' [3 R$ p    -------------------------------------------------------------8 @& W7 h( d4 B( |* f7 R" N9 s: |4 Y
    Charlottetown       2.9%      98,000      98,000        0.0%# J+ b! \: V$ q( B7 |3 B  M6 s) d& N  D
    -------------------------------------------------------------
3 Q( z# }, m9 b) r/ g    Moncton             4.9%           -           -         N/A
9 `$ ~! W5 z" f    -------------------------------------------------------------
! O& ^1 g& R0 p) S: q, R9 A2 \    Saint John           N/A           -           -         N/A
- ^4 n$ o# @1 Z3 g/ u- Y0 l    -------------------------------------------------------------! v0 U( Q% r, D6 b
    St. John's         -0.8%     146,333     145,667        0.5%
8 v; b. e) D! P: I4 c- y, f$ @5 \0 k7 l    -------------------------------------------------------------
8 R/ N# j- U( i" [; q) w0 A    Atlantic            1.3%     128,778     115,556       11.4%3 V: @$ x, Y# k1 {& k* y
    -------------------------------------------------------------
( Q- O( X  h" E1 R  A' F5 p& y; Y    Montreal            1.6%     193,190     188,016        2.8%
1 y8 z% a2 v& G1 z; ?    -------------------------------------------------------------
" P" g3 h" i( X2 E& s" S' Y    Ottawa              4.5%     181,083     172,250        5.1%
# H. ]1 A9 a, f7 B, q4 {    -------------------------------------------------------------
8 K% H2 D0 Q% a7 H    Toronto             1.4%     252,088     242,918        3.8%
" r( A; F1 h) d( l4 @5 Y; y    -------------------------------------------------------------
! W  y2 e5 S( j    Winnipeg           12.0%     105,648      96,008       10.0%
# B8 t0 W- }& w9 `& j1 y& a# S    -------------------------------------------------------------
, k; Q+ S6 z& S& k% W6 [. w6 S% n8 {    Saskatchewan        9.7%     106,250     101,000        5.2%4 F0 Y/ E" U- B  s
    -------------------------------------------------------------- F; I% [5 c6 U, I
    Calgary            53.5%     245,844     153,867       59.8%
- g4 U7 M' ]# t: T: ~3 U    -------------------------------------------------------------/ c' x5 T8 ?* \% ~1 X
    Edmonton           53.1%     200,433     131,500       52.4%0 f8 q+ m, D4 o" r3 G
    -------------------------------------------------------------( P: n' P7 H% }7 r" @
    Vancouver          13.8%     366,250     323,250       13.3%* r: i* R9 o# k' k3 \# B6 F& D
    -------------------------------------------------------------. e  W3 Z! f; X
    Victoria            3.1%     229,000     220,000        4.1%' g: U4 e' O+ D7 N% l5 {* @
    -------------------------------------------------------------4 n- i1 w+ a8 F8 T7 E) u. B5 D, j: t& V
    National           13.2%     211,562     185,296       14.2%1 a. H8 m4 [/ A6 y/ X  p
    -------------------------------------------------------------9 E7 g7 {6 B9 h9 \" x  E
    >>
+ R) g, ^3 }9 Y  f4 D2 [( V: T4 {
    Average house prices are based on an average of all sub-markets examined" H& A( Q4 K- c% j
in the area, except for the smaller markets of Charlottetown, Moncton, Saint
( b6 m8 c# b( Q& G* u7 z# K* |John and Victoria.
% |; I- B! I" t) k
5 Q& C9 V/ i* m' P    The Royal LePage Survey of Canadian House Prices is the largest, most
' s) l$ u; g, K7 Acomprehensive study of its kind in Canada, with information on seven types of
% n" a& c" E3 q/ P& P: `0 W2 zhousing in over 250 neighbourhoods from coast to coast. This release
4 g/ R( i. I( E9 hreferences an abbreviated version of the survey, which highlights house price! h* D' ^3 i( u9 R) G
trends for the three most common types of housing in Canada in 80 communities, i8 O. S2 D. M8 B' L
across the country. A complete database of past and present surveys is5 ?6 k# p* J; f) f6 |
available on the Royal LePage Web site at www.royallepage.ca, and current
4 W& L7 [; ?$ b4 k0 yfigures will be updated following the end of the third quarter. A printable* M8 L( @9 \1 q$ t1 Y% y- j
version of the third quarter 2006 survey will be available online on
. {; M" P+ v3 c  a9 HNovember 15, 2006.& U! `/ L; C& M$ r6 Q
    Housing values in the Royal LePage Survey are Royal LePage opinions of) d; @) g: ~% |: o
fair market value in each location, based on local data and market knowledge
) `7 V; y1 c7 |  |. mprovided by Royal LePage residential real estate experts. Historical data is
* ^( S/ r0 Q8 A7 Oavailable for some areas back to the early 1970s.
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