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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
0 U5 f1 L* F7 @# u# Y% V: S: s- d' G
- Country's market poised to show growth throughout 2006 -5 ?7 a% D6 d+ Y$ _4 @7 @  p
3 m. |. P8 b) U- n& _
    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market
" r$ O. ]' Y8 t8 C  wexhibited moderate price increases and stable unit sales during the third
) R. K6 M+ T3 t6 K. Dquarter. Wide regional variances continued to be the dominant characteristic/ ~4 Y: s. {  T( U& }6 _
in the market, exemplified by frenzied levels of activity and double digit9 c) |  [, i0 X$ u% n6 H& I0 u
price gains observed in the energy and commodity rich Western provinces, and
2 {& M' l+ Z' h/ \/ N4 pmore reasonable sales volumes and moderate price appreciation in Ontario,# G/ U; f) l) k. I6 [
Quebec and Atlantic Canada, according to a report released today by Royal
, M% N0 p. H$ e' H" ~LePage Real Estate Services.; ?+ e7 p2 i3 J1 f) E' P2 H

# C! ^, r2 Q6 l2 J9 _! _* ]9 @6 ]. P    Nationally, market trends established through the first three quarters0 f/ p: q+ N- h
are forecast to continue for the remainder of the year. Robust economic+ u% q, |. ~  e5 a
conditions, low unemployment rates, modestly growing salaries and wages, and
* h. \# l2 \0 D8 u# v% k- `sound consumer confidence contributed to the overall strength of the
, Z, m9 e: F( W. _, A, |residential real estate sector.
; `( T; o  ^# L) x# V7 N' C! f, W# \
  c# u( ]" L  h& T0 {    Of the housing types surveyed, the highest average price appreciation. G4 V4 ~, Y; J" L! `2 c. y" f
occurred in detached bungalows, which rose to $300,365 (+16.3%)  e0 ^2 B, _& v6 x) J7 x2 v
year-over-year, followed by standard condominiums, which rose to $211,562
; T( r; J) e5 C3 U# P(+14.2%), and standard two-storey properties, which increased to $365,380
$ Z3 W# l" q3 L: _(+13.2%).6 J$ T  q( U. x# A$ H0 n

. p+ |, _9 Q+ x# \: J& {) w    "Canada's sturdy housing market continued to demonstrate steady growth
$ P; o* Z  T8 c7 Z$ uduring the third quarter. For all but the west, we have moved on from the
( ^, t2 v- {% S, P* E9 U& H- mfrenzied expansion that characterized the first half of this decade, and are
* H# T* X) [! x5 _5 ?poised to show continued growth at a more moderate pace," said Phil Soper,
; P6 ~: A( }( j" Q' mpresident and chief executive officer, Royal LePage Real Estate Services.) i* w9 }2 ]! h4 V4 H
"Gone is the sellers' market that we have lived with for some years. We
) c7 \: ^3 a" |3 a" Y! r, dwelcome the more reliable conditions that are characteristic of a healthy5 d3 I4 U) Y. @8 w
balanced market."
+ U2 c6 e9 e+ {4 G% [# @' Z
' B/ Q% z9 I1 a; K' G0 E, Q    Despite the double-digit rise in average national house prices,+ W4 e! e* P" S" O! v
considerable regional variances were exhibited again this quarter. The shift
: O2 p) n! f# t5 yto balanced market conditions, which began in late 2005, has continued/ @! y$ `( U! g2 ?! P- Q( |
throughout most of the Central and Eastern regions of the country. In the core, E8 I# v% L8 q. j
energy producing western provinces, the combination of very high in-migration,
3 F' W! d  v& L/ U2 M7 omanageable affordability, and a shortage of inventory has driven record2 c* g/ l7 J" j% E
breaking price appreciations.
& N( f; r( p  N9 H- A% q# z5 T8 @/ e  ?0 a) l! j5 {6 |" C5 \5 A
    Echoing the second quarter and supported by Alberta's rapidly expanding
& Q" N0 e+ E7 I" A- @1 zeconomy, Calgary and Edmonton led the charge of Canadian cities with the# l2 s: T# ]3 @0 l! q
largest house price appreciation in all housing types surveyed.( l# g% D$ H( {+ p6 V1 d: ]4 j

: p8 k" M4 j% J; ~3 s    In Ottawa and Toronto, growth remained steady, supported by solid
/ R- |  [- ^4 N5 keconomic fundamentals, an increase in available inventory and strong consumer
# J" y1 B2 |6 t; X5 Pconfidence. While the pace of price appreciation in Ontario leveled off
3 l5 C* Z! x+ C) h- T) x5 \slightly, the province's real estate market remains poised for modest growth.( Q5 o4 o4 a" O: W4 B% y8 M
In Atlantic Canada, new housing and condominium construction offered buyers9 u5 D% d" T: Q/ m% y3 P& S+ f
greater selection at more competitive prices, resulting in a slower rate of
( X+ s( r. B+ I! b- h# s. b7 hprice appreciation when compared with 2005.
5 u2 V. w4 {2 m
6 e& o8 d+ a; I& J( ^8 c' J    While the pace of growth in Canada has slowed, the domestic housing+ a% p% C( c% z+ ~; _' I. d
market is expected to outperform the American market. The economic and( |' F- p/ v) M- t. a# W# }( d/ h
financial fundamentals driving the residential real estate sector in Canada' E! U2 D* Z5 o2 f: d4 K+ r
are markedly different than those found in the United States.* l7 x( {4 C( A2 i

" u* u: X+ y9 G    Added Soper: "Canada's housing market is likely to outperform the+ K' M3 w" P0 h2 Z  W0 G. i1 z
American market through 2007. A number of factors are working in Canada's
$ ?. P* u% M, s" Z! sfavour, including healthy personal and governmental debt levels, the
& M' b' R' A4 H( [relatively modest rise in interest rates in our country, and general8 L+ z9 @: i9 |2 q2 p; ~
affordability in our major cities. In addition, Americans are now seeing the
* [% Z# j$ n2 \& c, `' {downside of a tax system that encourages maximum homeowner leverage, and# s1 K3 y6 P& {& Q' n9 Y
aggressive financial products such as zero- and negative-amortization
- ^; B& I4 f) D5 _mortgages that work only in a high price growth environment."/ a* R( D) u1 t) \& m

  u8 W& j9 \, Z1 }    <<
8 ]1 W1 P( ~( I8 u7 D5 R8 Z, L                             REGIONAL SUMMARIES
. K8 e9 H3 q; ~    >>; a7 j" i: j8 m: V9 R+ t

' p% _, C7 h, t. l    Balanced conditions continued to characterize the housing market in2 o* ]6 |+ U, j/ c4 V- @3 F
Halifax, as significantly higher inventory levels helped to moderate the rate
  V' O' f+ D% s- C  H+ cof price appreciation. Buyers were increasingly choosy, taking more time
6 u6 W& p+ [. Glooking for newer, low-maintenance properties that were not in need of
! V9 j5 l5 H8 S6 Rrenovations.7 G+ u1 k. h8 J: H1 A3 ]3 h
8 {% j' Q$ T1 k8 u3 ]' M( r- O3 g# Q
    The housing market in Moncton remained healthy and strong as a slight; e# Y0 c; }  Y6 f7 i# [! ]
increase in inventory helped to moderate the rate of price appreciation
# f. l, u3 N8 |/ bcompared to the same period in 2005. Activity was brisk throughout August and# v# s, F( I7 @. a+ H* M/ T" Y; d
September and is expected to remain this way through the fourth quarter.* f5 e$ i- z0 k2 m- i1 q
* _8 S& G) A( D3 K' n% a& p
    The housing market in Saint John underwent its traditional summer% C, M6 @' u1 Y" V& C' \
slowdown in the third quarter, with activity picking up towards the end of the; K" v5 j+ H/ g
quarter. The local economy continued to thrive, as construction on a new( V2 S- P  d8 E$ G: d
600,000 square-foot shopping area has begun, bringing several new box stores9 d8 K0 M) _4 L3 E3 f- n% x- }
to the area. Buyers have begun seeking less expensive fixtures for their homes
: H3 M; z7 B) x  [and are instead opting for more affordable housing options.
7 P  m- C4 z; x4 y3 f8 n  O$ l! I) ^3 v
    In Charlottetown, the housing market started to move towards balanced3 i0 l; \+ d$ n2 Y9 M
conditions, as some sellers had to begin to lower the asking prices on their0 R) x; w$ r; e6 D& d# h
homes to make them more competitive. Activity from out-of-town and US buyers
) L; n4 x5 B3 }8 S5 m) G' Qwas down slightly compared to 2005, likely attributable to the strong Canadian! \% D( H& T+ b8 k' l
dollar. Inventory levels began to creep up in the third quarter, providing
& ]" m; Q- v. _buyers with more options when looking for a home.
. A3 e' U- s# T1 L& x/ q1 @* |6 D: N. K+ p" y9 l9 m
    Activity in St. John's slowed slightly in the third quarter, particularly
0 o3 j1 Z; L6 ^among higher-priced properties, where there was a slight over-supply of homes/ `) E8 Z) E; h, {
priced over $200,000. Listing periods have increased when compared with 2005,# c: d1 I- J3 _$ s8 T3 u. {$ I
as some of the pent-up demand that had characterized the market over the last
6 A  b4 H1 O2 nfew years has been satisfied, resulting in more normal, balanced conditions.
' o4 C, M) Q. t: u, w) t: N% V& |8 g
    Montreal's housing market recorded modest increases in average house. k& L6 j+ l5 t4 E
prices, due to a slight seasonal slowdown in the third quarter as inventory
" O* a% u$ e% N/ V4 clevels rose. Part of this can be attributed to the fact that many renting
: h5 B! W" ~+ L4 wfirst-time buyers were motivated to close on the purchase of a home by July 1,
% p+ k2 N% k; f7 [8 C( {when rental leases expire in Quebec. Once this date has passed some of the6 J1 f3 T+ t! o* O6 j
pressure is taken off the market, allowing buyers to visit more homes before
' \0 \3 o( f. N7 l; s8 u8 wmaking a purchase.
) s8 @' u, Z  K: @5 u8 W7 r7 S& g9 g9 c
    Ottawa held its position as one of the country's most stable housing7 ?9 z  q( K- y
markets in the third quarter, reinforced by a vibrant local economy and strong
) K9 N, m8 I+ l0 o' ?confidence, resulting in modest increases in average house prices. The city# Z% r1 D2 _$ S; o0 `) C
centre remained a bright spot in Ottawa, with homes in this area attracting
, b, d4 e. v. B& s. Nattention due to their convenient location and proximity to downtown
) }+ P5 g9 A2 ^  L$ k/ vamenities.
; `+ O5 I( |) `/ {$ B
4 A' _7 E+ K. `" [    The housing market in Toronto sustained healthy activity levels  S1 J8 @' q. K, f; A
throughout the third quarter, as a strong economy helped to maintain demand
2 D# z0 S* l$ F& N. ?# Hacross the city, causing average house prices to rise moderately. Toronto has
& z& `, y/ n- g4 econtinued to experience modest growth in average house prices, and has been
$ q) y3 l' Y; X) e  [; M" udriven primarily by purchasers who are buying homes as their principle' u. r3 S7 P" @
residence, rather than for investment.( w/ A  i/ r8 D. p6 M) J

8 q# T" x( I  a( C    The vibrant Winnipeg housing market continued to show its strength as
; ^1 f4 A3 a) m8 u! l/ w/ whouse prices rose during the third quarter. The booming local economy resulted
* ~9 M8 \$ G" M# p- t- I/ Oin a historically low unemployment rate, helping to bolster consumer
; k( R* b8 L# ]& \) R8 Aconfidence and Winnipeg's ranking as the city with the lowest capitalization7 Q% n: L3 w3 E
rate among the country's larger cities - helped to encourage buyers to enter( ~* S5 T8 b1 i) V
the market./ w( X+ d8 ?) d' B# c5 x

, m; z$ e* b0 A- h3 J    In Regina, the market experienced a slight seasonal slowdown through
) m2 \; F: c0 U3 B0 |July, as there were fewer purchasers in the market due to summer vacations. In
7 k- w. e9 ^3 LAugust, activity resumed to the busy pace previously seen in the spring: e  N& x5 F3 V' q4 U
months, as the influx of purchasers made it more difficult to find a home due
: {* O# u0 l! Nto the shortage of available inventory.9 |; M* C/ b0 B& i* v, H$ `

* o+ q- F3 Z* X  D' H    Activity in Saskatoon remained brisk as the market maintained its
/ C7 i9 i. m6 J6 Bmomentum from the busy spring sales period. The economy in Saskatoon remains$ H2 z" K( j% a0 ~/ @3 k
vibrant, as employment opportunities are abundant with many businesses
# n% n" f! W1 u; h: S( Bstruggling to make hires and having to recruit outside the province.
$ O# H7 {; I; Y+ ?- g% P9 z7 n
' `& Q6 q5 O# n    Calgary's housing market recorded blazing average house price increases
; j0 H) W5 s1 ?1 R( A1 rin the third quarter, in all surveyed categories. The burgeoning economy, low& ?9 H- B- ]0 d9 Y& p! d
unemployment rates and low inventory levels remained the leading factors that' i7 N, ~; L( l
pressured Calgary's house prices upwards. However, regardless of the soaring
( C# A  f+ X$ n0 Nprices that characterized the market - even during the typically slower summer
, l3 A0 T1 k$ e8 Hseason - it is expected that activity will become slightly more balanced, as
# o' Q; s; ?9 N! Y, M1 a3 Kbuyers are becoming more reluctant to participate in the frenetic activity.

7 w3 k0 f& L% R2 f  r; A( r9 @; A. L
: k7 T8 o- k) _% K: J    Edmonton's booming local economy continued to thrive in the third quarter/ \6 @; `! J1 q1 M! @! d
as activity in the oil sands north of the city continued to flourish. Edmonton+ z7 Z4 L, b! I) n( O
remained the hub of activity for those coming to work in the oil industry,$ g' k% h4 u- L
maintaining tight inventory levels across the city, resulting in prices- R4 i1 p, e8 C) K6 D
increasing at record levels. However, as inventory levels continued to improve
# Y8 Q* Y# ^1 L1 [1 nin the third quarter the rate of price appreciation should moderate slightly1 X& ~, G- Z' V3 l
towards the end of 2006.
    : j- [+ n3 T: g8 [5 y2 v

5 l- e" P# T; k5 d* f  D& L" tWhile Vancouver has seen a slight reprieve from the severe shortage of" Y9 Z( o$ \/ Q; D6 t) C
inventory that had previously characterized the market, supply is still unable4 }5 u( D0 |6 X6 h
to meet demand, driving house prices upwards. Vancouver has a very diverse
1 |! \# t$ X, }3 B2 sgroup of active buyers - from first-time home buyers to baby-boomers to* a! X" N- e4 s" v7 u
foreign investors - all of whom fuel the demand for houses, placing added
$ K9 W) g( ]7 s4 A$ N) Npressure on tight inventory levels.( r  C5 h4 T! w8 O* m
# Z0 i- A6 i1 Q! Q/ e- _9 T
    Victoria's market is vibrant and supported by strong economic$ ^( G2 t+ Y- I- Y! i" c
fundamentals, fuelled by a booming tech sector and a migration of young people+ w0 s7 }2 D" z3 y6 C0 T5 T
into the city that has continued to support the area's house price increases;
; r6 u0 V% ^' K2 e5 awhile increased inventory levels have afforded buyers more time when searching
* C: |" T& C2 g  e  nfor a home, helping to normalize the market's pace.
  \- p  U# {. j# _9 h* r. R* {1 h  F2 k, s4 B4 V8 B. f
    <<
* n3 k4 a3 z3 o1 y$ r- S      Survey of Canadian Average House Prices in the Third Quarter 2006
' f0 l* O- \6 U9 u8 J% V" o) C* w2 Y  J: g( L
    -------------------------------------------------------------------------
" h9 c. V2 y5 M1 S8 F/ Z2 d                 Detached Bungalows                Standard Two Storey  Q, c+ S! p# ~# @
    -------------------------------------------------------------------------
8 h% p+ t; ~- u" ?) Q                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q3
* _4 b8 _- ^4 b/ `7 F    Market           Average     Average    % Change     Average     Average
" O/ [; s$ o9 V    -------------------------------------------------------------------------
  X5 S' h8 j% M' X# q    Halifax          186,333     173,333        7.5%     198,667     199,000
5 v0 V( e& i; m) k6 E    -------------------------------------------------------------------------, ^& B6 T& }+ L- _4 q' A4 F# I
    Charlottetown    145,000     141,000        2.8%     175,000     170,000
" C; f" x5 l1 O! v, {! I    -------------------------------------------------------------------------: ?4 V# p0 a) r
    Moncton          135,000     127,000        6.3%     129,000     123,000
! k7 F( b$ l- G1 ~    -------------------------------------------------------------------------* @4 U0 C0 i$ {# g
    Saint John       141,200     142,900       -1.2%           -           -1 ]2 K: \8 M8 q4 l7 a
    -------------------------------------------------------------------------/ ]9 K' v& `5 K, R
    St. John's       143,667     142,667        0.7%     200,667     202,333
1 H3 r' x* M# ^$ G. ?    -------------------------------------------------------------------------" w6 ]# K) U% U1 l
    Atlantic         150,240     145,380        3.3%     175,833     173,583
# Y5 X& I* a9 y: B    -------------------------------------------------------------------------
. u* m1 Z6 _2 a5 g4 h4 Z    Montreal         213,691     203,500        5.0%     321,141     316,1850 O; O( N9 M' W% {' c0 Q- k
    -------------------------------------------------------------------------
' t- e' n7 J  M) c( B% K. z. p    Ottawa           290,083     278,417        4.2%     285,667     273,250
" y5 P' u" L# V0 X1 l4 ^. w9 }3 ~    -------------------------------------------------------------------------/ c; N# T" ~* ~3 S% l' M
    Toronto          373,368     355,882        4.9%     481,523     474,766
+ {# h3 D" e6 J9 U* e/ G- Z    -------------------------------------------------------------------------% J( P4 V6 p$ ?9 v: t7 z+ _6 `' C
    Winnipeg         181,579     159,860       13.6%     202,337     180,707" K5 ?4 o5 Q, B
    -------------------------------------------------------------------------$ f. X, Q- _1 d  e4 \4 y
    Saskatchewan     170,667     156,083        9.3%     182,600     166,500
$ ]/ y; x* j; b7 o/ q    -------------------------------------------------------------------------
/ ^1 z4 N% _" P. t9 H( e    Calgary          395,067     252,411       56.5%     405,778     264,389
  J! `9 @! W6 @% G1 H* ~8 i2 \1 A    -------------------------------------------------------------------------
% D' K2 H9 h, ]* N3 Q    Edmonton         286,857     194,857       47.2%     316,429     206,714
1 C: Z; U/ m- j) c) s    -------------------------------------------------------------------------
* R9 U" C9 `$ ?: v$ G& m; Q" v    Vancouver        704,250     601,000       17.2%     794,000     697,500. ^/ S) ]; B" ?. a5 C7 y( v6 T
    -------------------------------------------------------------------------0 \/ Z7 l- x( t6 e" g
    Victoria         375,000     348,000        7.8%     403,000     391,0007 V. X6 P6 I- y
    -------------------------------------------------------------------------9 M0 g* G4 Z& v
    National         300,365     258,202       16.3%     365,380     322,860
- ]; |: P9 ^! @* E    -------------------------------------------------------------------------) A7 ^" x% V( |/ h$ t1 ~. V3 h
% Q0 Y9 u8 i$ c& J! _2 P3 p& c
    -------------------------------------------------------------
9 `; s# Y) p( d6 I" W, D5 h/ z% t                               Standard Condominium! D8 b+ Z  G7 N2 U  m9 {( c9 A4 w) N: N
    -------------------------------------------------------------: ^8 b+ \) O! B
                    2-Storey     2006 Q3     2005 Q3       Condo0 F* b8 O/ ?6 Z) H  S4 d
    Market          % Change     Average     Average    % Change
- T' f* J/ b4 |2 F    -------------------------------------------------------------
+ W! ^2 D5 s/ i* U    Halifax            -0.2%     142,000     103,000       37.9%' m1 O) m+ o3 Z& y
    -------------------------------------------------------------$ m4 `+ l  x. l0 _
    Charlottetown       2.9%      98,000      98,000        0.0%: l; z0 e& W2 R$ \5 H
    -------------------------------------------------------------
  q( a; K) X# e% v  k- ]    Moncton             4.9%           -           -         N/A
$ g1 q  I% m4 s! v. E    -------------------------------------------------------------
" A$ _+ @6 ^7 F+ s& a6 _; L5 |! Q    Saint John           N/A           -           -         N/A
1 W& x7 a9 j, t) G; x# _0 L; U& m    -------------------------------------------------------------5 [( I1 l# J9 _7 ]
    St. John's         -0.8%     146,333     145,667        0.5%
% B2 e, t  s  `- e$ f0 z/ l    -------------------------------------------------------------
- F+ E3 B* M$ \- Q# h4 {/ H    Atlantic            1.3%     128,778     115,556       11.4%$ B9 ^7 j2 \0 M8 j! h
    -------------------------------------------------------------, E) Q1 O  [7 e
    Montreal            1.6%     193,190     188,016        2.8%
' c' `8 S, m/ l; v    -------------------------------------------------------------" k9 A4 c. J4 A5 `
    Ottawa              4.5%     181,083     172,250        5.1%" A& ]% s3 ~5 o" L
    -------------------------------------------------------------
" t  D7 w! e' [- J; ?4 j    Toronto             1.4%     252,088     242,918        3.8%6 P  y$ f! `( N$ w+ i: r
    -------------------------------------------------------------
( i2 W% L/ }9 j2 Y8 H5 N    Winnipeg           12.0%     105,648      96,008       10.0%
: R/ F: B$ b$ M& b    -------------------------------------------------------------
) _% Q" q3 y( S# B* C' N* a    Saskatchewan        9.7%     106,250     101,000        5.2%
: {  {# G3 w! q/ C5 Q1 d& t    -------------------------------------------------------------
5 V* c: [1 g! j/ g    Calgary            53.5%     245,844     153,867       59.8%
. m  J, q" n% e. a    -------------------------------------------------------------# x& I# s. Y4 M2 q1 S- R' k
    Edmonton           53.1%     200,433     131,500       52.4%/ ^. a8 j6 N. {, j" I6 @
    -------------------------------------------------------------
  |" }( t! F% q' O- m) \% z7 u' y    Vancouver          13.8%     366,250     323,250       13.3%( J( S# W: f1 i2 X* B6 Q7 O: X" B
    -------------------------------------------------------------
5 ^! W) ]( t5 d! [# j    Victoria            3.1%     229,000     220,000        4.1%
5 t' n' o. i0 ]5 b4 C" @! Z" b    -------------------------------------------------------------2 s" f3 [% k2 S( f8 {- F5 ?
    National           13.2%     211,562     185,296       14.2%, `/ h: }6 A0 }- V; d$ @. a# c
    -------------------------------------------------------------
! Z( U8 Q$ s& S. u' `* c    >>( q4 r" n! p0 g+ v- w- o
! w* ?% ~" V: v; X
    Average house prices are based on an average of all sub-markets examined; l, f) k! Q$ ?. j, n2 H
in the area, except for the smaller markets of Charlottetown, Moncton, Saint
  z: s2 z6 L1 U  a: C' J0 h; AJohn and Victoria.7 n2 S5 F- T% s+ W6 `( ?( W8 R6 x
' L! E) z2 D9 s! o; |
    The Royal LePage Survey of Canadian House Prices is the largest, most
1 }0 t/ ?$ v, ~8 V2 ^' s0 ycomprehensive study of its kind in Canada, with information on seven types of
0 {5 b. F2 N8 E$ p0 {7 m5 Ahousing in over 250 neighbourhoods from coast to coast. This release
7 ]  G, L0 B+ w# U; wreferences an abbreviated version of the survey, which highlights house price  i8 n2 w/ g  Y  [" t# C2 _
trends for the three most common types of housing in Canada in 80 communities+ u( t7 Q# \3 S- V5 E) [9 X" O
across the country. A complete database of past and present surveys is
6 ^6 o( }5 a) {4 ~available on the Royal LePage Web site at www.royallepage.ca, and current
0 S2 D* E8 b) K; ufigures will be updated following the end of the third quarter. A printable$ x1 O+ Q  p! T/ `# \) S
version of the third quarter 2006 survey will be available online on/ v: U( [# t+ C( D& p. f6 ?+ C
November 15, 2006.
% u6 Q1 ]5 L# w: Q" ^    Housing values in the Royal LePage Survey are Royal LePage opinions of
, J' q% o& u3 ^8 J* ?, q* ~fair market value in each location, based on local data and market knowledge
4 ]- v; O5 O2 W2 C1 ~2 `provided by Royal LePage residential real estate experts. Historical data is, Q9 e; g' y8 J+ u; i4 V$ j& w6 f
available for some areas back to the early 1970s.
理袁律师事务所
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