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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! t4 _/ b7 f0 _4 \
" p7 R! Z" p* b2 z5 @+ F* F- Country's market poised to show growth throughout 2006 -1 L5 x& O+ S1 W9 _' n

% Y5 w+ Z1 v& Z" `1 X* o; u  t. f, ?    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market
  e0 v& I& c" Oexhibited moderate price increases and stable unit sales during the third
  E+ S+ j7 x0 Y, T8 i8 Wquarter. Wide regional variances continued to be the dominant characteristic
, E& h% F& L4 P5 i% Tin the market, exemplified by frenzied levels of activity and double digit- p5 l: p7 y$ |! b* v4 D
price gains observed in the energy and commodity rich Western provinces, and
6 u8 {, p8 S- z8 I* `, p2 N, q# M" s+ Emore reasonable sales volumes and moderate price appreciation in Ontario,
+ h: j0 ]4 Q& `, Q3 J) d$ rQuebec and Atlantic Canada, according to a report released today by Royal1 H, P$ B5 o- b+ a  l/ N4 B
LePage Real Estate Services.
' D8 E% Z( E. ]$ [# r0 H! U  {, S/ z) T2 J
    Nationally, market trends established through the first three quarters
; K1 A3 h) I! D6 Ware forecast to continue for the remainder of the year. Robust economic
3 ]% R) t0 w$ \/ B& Mconditions, low unemployment rates, modestly growing salaries and wages, and+ g+ V6 i' |& h! z/ w0 n# v
sound consumer confidence contributed to the overall strength of the
( u  K  W& ?" S5 {! F, o0 |1 y- fresidential real estate sector.% G' U/ _5 n+ ^% m6 c( F+ |. e
  n3 o0 m0 R4 h
    Of the housing types surveyed, the highest average price appreciation
5 R; I9 U4 `& boccurred in detached bungalows, which rose to $300,365 (+16.3%)
( u4 @+ ]' ]8 g  a: M* \year-over-year, followed by standard condominiums, which rose to $211,5622 w, O4 o$ h  B8 f' N" t9 C: ]
(+14.2%), and standard two-storey properties, which increased to $365,380& r: m: Q! d) X( \2 H3 H; p* Q$ _
(+13.2%).; B3 j% `- }6 f! P& a5 I
$ @& W$ G' {% B* N" [" @
    "Canada's sturdy housing market continued to demonstrate steady growth
/ O# C1 s0 Z0 I. b" r& L( [0 H; oduring the third quarter. For all but the west, we have moved on from the
; i3 F  o+ H+ ]3 X, _$ ^frenzied expansion that characterized the first half of this decade, and are
4 b5 |* R5 m2 |. Spoised to show continued growth at a more moderate pace," said Phil Soper,
; u! U" A8 S" I1 e& H) ppresident and chief executive officer, Royal LePage Real Estate Services.# G' H9 v* z+ x0 A3 H$ }5 t
"Gone is the sellers' market that we have lived with for some years. We
# U0 |9 s6 a8 Y5 v; A! g. Mwelcome the more reliable conditions that are characteristic of a healthy* R1 i. u' _% O0 d' l! U
balanced market."; T! [; M$ z" x
4 P1 x, j5 ?5 E9 j. W3 S* S0 A- X
    Despite the double-digit rise in average national house prices,1 N! Z/ F0 |( w" [9 @8 @* e
considerable regional variances were exhibited again this quarter. The shift% G& y$ {6 Y7 @3 ?" p
to balanced market conditions, which began in late 2005, has continued
' ^% @) \! c: l/ u- |  Sthroughout most of the Central and Eastern regions of the country. In the core" U0 ^3 J" G: M* v3 G) G/ j4 }
energy producing western provinces, the combination of very high in-migration,
! \- b) G' m4 x3 }manageable affordability, and a shortage of inventory has driven record  G6 o" }. _9 ~) [) Q9 g
breaking price appreciations.
# g+ Q! n, c* G. w/ }
: i  k0 u8 r: x% Y! X" C$ Z4 ^4 t9 h    Echoing the second quarter and supported by Alberta's rapidly expanding5 {& x/ l- H# A* ]9 E
economy, Calgary and Edmonton led the charge of Canadian cities with the
) ^- q/ }' A2 j5 I! c- hlargest house price appreciation in all housing types surveyed.
( d9 e1 B% ]& _- @- O" N" K
) R" {- S- f/ k: T3 P    In Ottawa and Toronto, growth remained steady, supported by solid
$ L7 J# T$ D4 r9 a+ Leconomic fundamentals, an increase in available inventory and strong consumer  {- \# v& C7 Y+ l
confidence. While the pace of price appreciation in Ontario leveled off
6 V% o* i4 L  v* a- z# Z( x% |: d7 dslightly, the province's real estate market remains poised for modest growth.
( S2 F6 Y) q7 f6 m, N1 |( LIn Atlantic Canada, new housing and condominium construction offered buyers
6 m) H% M1 ]. mgreater selection at more competitive prices, resulting in a slower rate of% `9 z5 @  ?* q6 @3 Q# j+ m
price appreciation when compared with 2005.
. B1 p1 x" j! M  {7 f9 G2 e: n5 v  `( W
    While the pace of growth in Canada has slowed, the domestic housing
# K3 m! ?' g6 D& D! _. fmarket is expected to outperform the American market. The economic and
0 Q; N; |) p) P2 Wfinancial fundamentals driving the residential real estate sector in Canada
$ {  s* u6 U  B1 i7 k0 i& ]are markedly different than those found in the United States.4 B5 f' _/ l0 M* Y& }' \
" G/ r' T2 @+ J2 X. |& B
    Added Soper: "Canada's housing market is likely to outperform the
2 t# C% `) J7 w3 d8 lAmerican market through 2007. A number of factors are working in Canada's
# F" Y% m" T0 Q: mfavour, including healthy personal and governmental debt levels, the
/ J3 u) ^+ W' x+ crelatively modest rise in interest rates in our country, and general# [9 p0 ~1 H7 M
affordability in our major cities. In addition, Americans are now seeing the
. l0 L- C1 d7 M/ P& z8 e8 m: jdownside of a tax system that encourages maximum homeowner leverage, and
% j4 N' Z0 h" f3 ]( y% ^aggressive financial products such as zero- and negative-amortization
' Z% u: u. O! q9 r0 ^4 a& pmortgages that work only in a high price growth environment."4 t" K0 i4 ^; Z- {% t/ S" Z
9 V4 r" C3 K3 V6 d
    <<
2 I' L2 W% R+ \- Y3 f                             REGIONAL SUMMARIES
& _: H3 S0 T4 m* z) Z    >>
$ i% x- _, v5 {" |: }+ {" y* \8 q7 m5 X% Y. Y5 ^2 A& [
    Balanced conditions continued to characterize the housing market in
3 `/ X+ i9 r) w* ]3 r0 l/ H) qHalifax, as significantly higher inventory levels helped to moderate the rate
; M( e/ r. p  y! _' f7 Bof price appreciation. Buyers were increasingly choosy, taking more time
2 n; T0 |% L( X4 g+ l6 vlooking for newer, low-maintenance properties that were not in need of" b! r* M% T# i
renovations.8 z' a; `4 x; t; N: X0 w& a) R
2 H( v0 d7 |4 z0 J3 k7 A% e. n5 D5 I
    The housing market in Moncton remained healthy and strong as a slight
$ J) h7 ~7 H8 f* U- T/ oincrease in inventory helped to moderate the rate of price appreciation
& i5 M" |% ]* ~2 n3 ?- ?  R( Wcompared to the same period in 2005. Activity was brisk throughout August and
) p! T6 _- t/ l9 A8 P, TSeptember and is expected to remain this way through the fourth quarter.
  j/ Q0 ?8 S- O% L
# I/ o& u, w$ u' P& A# p) |5 N3 F+ @    The housing market in Saint John underwent its traditional summer* b% t6 r0 m3 T' s. f; b) Z
slowdown in the third quarter, with activity picking up towards the end of the
' {9 F, `5 q% x) Aquarter. The local economy continued to thrive, as construction on a new
" B* ~/ Q1 o7 K/ m& q$ Z600,000 square-foot shopping area has begun, bringing several new box stores$ k  u( m4 ~' u9 q7 ~1 c1 Z
to the area. Buyers have begun seeking less expensive fixtures for their homes* i: R0 U- `% q  r
and are instead opting for more affordable housing options.! h$ ]. e; [5 K3 H
8 P+ c/ U6 E  @: }( d( Y; h
    In Charlottetown, the housing market started to move towards balanced
1 ~" f- ?8 y6 a; L5 K7 Iconditions, as some sellers had to begin to lower the asking prices on their  m8 n6 {! W2 ?7 P" A! m6 G, v/ @
homes to make them more competitive. Activity from out-of-town and US buyers
5 L0 m+ I* K! rwas down slightly compared to 2005, likely attributable to the strong Canadian
: Q9 `  i7 i" s$ M4 s  jdollar. Inventory levels began to creep up in the third quarter, providing
+ C- `& z# v2 l! E1 M" Bbuyers with more options when looking for a home., V5 U7 ^5 _: ^
2 t9 E, z2 Z5 b' k) B) G( n% H
    Activity in St. John's slowed slightly in the third quarter, particularly2 M1 q5 a# V5 J# x. ]4 \% K
among higher-priced properties, where there was a slight over-supply of homes  }( c/ V0 G' d' x6 @
priced over $200,000. Listing periods have increased when compared with 2005,& s/ R8 P; a* n2 C2 n& a; C% [, O
as some of the pent-up demand that had characterized the market over the last* M" y1 Q% p- S3 a3 ^. V. H
few years has been satisfied, resulting in more normal, balanced conditions.
0 w6 f( z  u, T: W
8 p2 a8 C( [% q$ W8 @9 p    Montreal's housing market recorded modest increases in average house4 L; w  G7 @/ O* x
prices, due to a slight seasonal slowdown in the third quarter as inventory' B5 l5 F1 W4 d; j1 f' l6 z4 [
levels rose. Part of this can be attributed to the fact that many renting: e4 o+ a$ h4 f
first-time buyers were motivated to close on the purchase of a home by July 1,
# m1 z1 w; v- G, Q: Y1 qwhen rental leases expire in Quebec. Once this date has passed some of the, K. u, g6 {4 s9 Z, _
pressure is taken off the market, allowing buyers to visit more homes before+ ~& g. G4 q% m$ K
making a purchase.( d) J5 N- a4 z

! R- q8 P6 H6 J9 ^: X# @$ z6 H    Ottawa held its position as one of the country's most stable housing) D6 H) _3 {+ |: \2 h
markets in the third quarter, reinforced by a vibrant local economy and strong
$ Y: G4 Y# p: [* X/ Y/ w! Uconfidence, resulting in modest increases in average house prices. The city
" \: s! p" e( R" pcentre remained a bright spot in Ottawa, with homes in this area attracting
5 ~# a3 |' d2 i; H+ d# K) u; Tattention due to their convenient location and proximity to downtown' Z/ R& _  m2 F9 L! ?: j$ w; X
amenities.
, ^( G# p, T+ c1 i- U8 B5 u9 p2 i( u$ \; B( [  }, m
    The housing market in Toronto sustained healthy activity levels+ s0 D* H4 z+ J" {; u$ \
throughout the third quarter, as a strong economy helped to maintain demand' s) H# @8 }8 n" {
across the city, causing average house prices to rise moderately. Toronto has) L- e6 I+ F; o: O, n2 j
continued to experience modest growth in average house prices, and has been
: r5 O) Z% N1 S$ `  k' Mdriven primarily by purchasers who are buying homes as their principle" B0 T0 w, @/ J% n( R/ L0 K
residence, rather than for investment.
% _/ m7 q1 G! z
$ ~$ a6 b; v9 v4 v8 E( `    The vibrant Winnipeg housing market continued to show its strength as
( a+ A- Z7 t( x& Z$ U0 M( Phouse prices rose during the third quarter. The booming local economy resulted
0 E; D% |5 M8 P2 s8 M7 q) Win a historically low unemployment rate, helping to bolster consumer
4 m$ L" L$ V- V) x1 Vconfidence and Winnipeg's ranking as the city with the lowest capitalization
8 L. x( o& O3 Prate among the country's larger cities - helped to encourage buyers to enter
7 B0 m- Z, _% @6 T1 P) [the market.. e2 |* g& b& L' ~6 J! _
; B7 c+ c+ e7 T2 L! F
    In Regina, the market experienced a slight seasonal slowdown through
& x5 V  O; Q0 ~6 {9 E# ?July, as there were fewer purchasers in the market due to summer vacations. In, a  u, z4 Q( y  H7 U( k' p+ U5 c
August, activity resumed to the busy pace previously seen in the spring
1 ^) [+ A% ^1 P6 |; y* o# Zmonths, as the influx of purchasers made it more difficult to find a home due1 v* ~/ I1 h5 _$ L$ P' X3 Z- K' K
to the shortage of available inventory.3 \) j0 `5 J$ l6 ~  W- S
0 m; b+ |2 n! D* J, ]: _+ c% E/ N
    Activity in Saskatoon remained brisk as the market maintained its
  f! X7 B' ]0 c  t5 |momentum from the busy spring sales period. The economy in Saskatoon remains
: R, K/ ~( d1 {3 xvibrant, as employment opportunities are abundant with many businesses
5 D4 {. x8 g2 s+ z7 gstruggling to make hires and having to recruit outside the province.1 I0 V' B! |, X" W5 ^

/ O/ ~: z0 M. y. r, E  B3 i; A    Calgary's housing market recorded blazing average house price increases
, ~- a2 i3 P7 }" S$ P0 hin the third quarter, in all surveyed categories. The burgeoning economy, low0 {8 B* [+ W2 r9 h
unemployment rates and low inventory levels remained the leading factors that* K0 `/ A$ e% r6 \( t8 L$ A
pressured Calgary's house prices upwards. However, regardless of the soaring
9 F' B: {. s$ Z# y! R. aprices that characterized the market - even during the typically slower summer
* J( O) f, I3 v- i$ xseason - it is expected that activity will become slightly more balanced, as" M& ^2 O$ Z" o5 H+ p, k
buyers are becoming more reluctant to participate in the frenetic activity.

. k1 a2 d) b$ r- G; H
% e' j* O: l, O  F( }' F% r& q. \    Edmonton's booming local economy continued to thrive in the third quarter& O6 R& e' w9 h- ^) ~
as activity in the oil sands north of the city continued to flourish. Edmonton8 X; W( L' y& g+ }1 c# |
remained the hub of activity for those coming to work in the oil industry,* j; p2 \" l; o/ }+ c1 `  I
maintaining tight inventory levels across the city, resulting in prices
2 l, J0 u5 ~4 f0 C' L9 J! d2 ~. V# h# Oincreasing at record levels. However, as inventory levels continued to improve
! y) L! J" U6 ~in the third quarter the rate of price appreciation should moderate slightly
6 R" V8 i! W. G( dtowards the end of 2006.
   
+ x  [' S% y: V5 B% u2 D! s
" K! {  R- p" n! T9 [6 tWhile Vancouver has seen a slight reprieve from the severe shortage of
# L" |/ {  G( |/ minventory that had previously characterized the market, supply is still unable1 ?6 V$ O" k* ^5 Z( N, [
to meet demand, driving house prices upwards. Vancouver has a very diverse1 A) {8 k0 K7 S9 j
group of active buyers - from first-time home buyers to baby-boomers to  U! C" ?  b( s3 a) q3 f" t
foreign investors - all of whom fuel the demand for houses, placing added' Z: X9 E" h9 m" V
pressure on tight inventory levels.
; _; i! q, ^3 ^+ n6 |0 S# P( b- R# {* p. m$ i
    Victoria's market is vibrant and supported by strong economic
/ V; |9 |! J2 R' D0 rfundamentals, fuelled by a booming tech sector and a migration of young people: v1 w1 K, ^2 s4 Z1 B# h8 C9 b1 m
into the city that has continued to support the area's house price increases;
, P0 ?$ G: \" _& @/ Ewhile increased inventory levels have afforded buyers more time when searching) W) ]  o( }% l, r( V. l
for a home, helping to normalize the market's pace.8 L2 d( L( t) j) }* c) Q. [( f

) z) S% r. p$ _$ ^3 C  v! W" v    <<
& g. j6 R$ D+ I! V2 u      Survey of Canadian Average House Prices in the Third Quarter 2006
  ^$ _& {) V/ ^1 }4 u( b# }0 r/ P5 B) ]6 W& s: |4 E5 ^+ k
    -------------------------------------------------------------------------' t- F# Z3 q' L* G. h" x, C
                 Detached Bungalows                Standard Two Storey
' L/ n5 J. {! I& O1 t5 g, c* q    -------------------------------------------------------------------------
! d& A" c  U8 z1 B' E) \# ]. n. c- h                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q3! o2 X2 W( k, A# G
    Market           Average     Average    % Change     Average     Average
" O# K3 K" l& C1 V* L# @    -------------------------------------------------------------------------
+ R0 a* k7 i) s) v4 w0 y5 g    Halifax          186,333     173,333        7.5%     198,667     199,000
* a! t! P5 v# v5 o    -------------------------------------------------------------------------/ [9 s1 [, `5 ^  c3 S
    Charlottetown    145,000     141,000        2.8%     175,000     170,000
: I  |1 Q* g7 [4 u    -------------------------------------------------------------------------% q1 x' q  E+ J
    Moncton          135,000     127,000        6.3%     129,000     123,000) ?' N) J8 P2 k9 f5 @& T
    -------------------------------------------------------------------------6 p7 x9 \2 S5 \/ c- L" @
    Saint John       141,200     142,900       -1.2%           -           -0 V, G; Y& m. z8 ^( _
    -------------------------------------------------------------------------
' h; t/ F; l5 X8 T, e8 K" U/ F. \    St. John's       143,667     142,667        0.7%     200,667     202,333  _: @, X' h! \+ d# v6 W: i- b
    -------------------------------------------------------------------------
0 n2 H0 j$ r9 S% O# c    Atlantic         150,240     145,380        3.3%     175,833     173,583
- ^, @: A/ C5 l$ R7 R    -------------------------------------------------------------------------
5 }2 |3 q0 ]. p# F6 c, r  G    Montreal         213,691     203,500        5.0%     321,141     316,1854 p( m. L7 K: {8 U
    -------------------------------------------------------------------------) P" z$ P3 u0 v; _6 s
    Ottawa           290,083     278,417        4.2%     285,667     273,250
! L0 v4 v' E/ R- Y    -------------------------------------------------------------------------" t4 Y- u. S8 ^& w- m
    Toronto          373,368     355,882        4.9%     481,523     474,766
4 `5 e& |3 N8 C, U1 Y0 K7 T" S' Q    -------------------------------------------------------------------------/ q1 O* a8 C: D; ?1 h
    Winnipeg         181,579     159,860       13.6%     202,337     180,707# F: F& d0 ?6 F3 p  z3 T1 y
    -------------------------------------------------------------------------
$ z5 B( r" ?0 F* N& c" x    Saskatchewan     170,667     156,083        9.3%     182,600     166,500
- ]* o: I  r1 ]; Z5 e2 Q    -------------------------------------------------------------------------
0 t! s. S- N  j    Calgary          395,067     252,411       56.5%     405,778     264,389
6 I$ G1 N2 ?: R    -------------------------------------------------------------------------% N. b! \6 Y( [. x" B
    Edmonton         286,857     194,857       47.2%     316,429     206,714* M% ?4 @' I' K1 Z
    -------------------------------------------------------------------------- {5 {- B2 w# e5 U7 S7 Y0 |
    Vancouver        704,250     601,000       17.2%     794,000     697,500
7 @# m9 u+ d2 D1 F) l  ^    -------------------------------------------------------------------------# V; s* g2 d+ r3 J0 v$ U
    Victoria         375,000     348,000        7.8%     403,000     391,0001 o* e2 Z" V0 a
    -------------------------------------------------------------------------
6 L; Y9 ~+ i; r- Z2 a& h0 j    National         300,365     258,202       16.3%     365,380     322,8602 v, G7 G" C; D( M- y  {
    -------------------------------------------------------------------------+ I7 D0 d* W2 y. @: [
0 f) ~  f5 t1 x+ P# j, w* P
    -------------------------------------------------------------
  q, N$ _* T# ]" p3 B2 q                               Standard Condominium) i8 y, a1 a- D# A5 `& ?
    -------------------------------------------------------------  x  `, g5 b9 R" J' B
                    2-Storey     2006 Q3     2005 Q3       Condo
- K% H0 ?* H8 ^" H+ ~    Market          % Change     Average     Average    % Change3 W! {5 T% J; ~4 A  t8 J" w
    -------------------------------------------------------------7 w: m# z  F: t
    Halifax            -0.2%     142,000     103,000       37.9%
/ Q1 W3 Z! @2 N% W! l    -------------------------------------------------------------6 ]& {6 b. b5 @. B8 V, F5 {
    Charlottetown       2.9%      98,000      98,000        0.0%
! ?, E# @' R- X2 r# g5 D2 ]7 P/ [    -------------------------------------------------------------
; F5 l- G' j! N2 c7 a1 \7 t    Moncton             4.9%           -           -         N/A; u7 ?# T- N: c$ M9 w3 B, C) t
    -------------------------------------------------------------
1 {1 N' i  G: L& h7 d6 h0 s2 s) J# q    Saint John           N/A           -           -         N/A2 Y0 J/ B& [) i& ~9 s9 G
    -------------------------------------------------------------
% a8 @! y, g: d: v* |* t    St. John's         -0.8%     146,333     145,667        0.5%
) i8 e% o! F8 D6 \! M( W    -------------------------------------------------------------1 f* H. @' ?2 ]7 n# K! h1 j
    Atlantic            1.3%     128,778     115,556       11.4%5 E* }' p+ c# X' i) Q( h
    -------------------------------------------------------------
& V8 `( u5 X8 m  M    Montreal            1.6%     193,190     188,016        2.8%5 w1 m2 F% i, x
    -------------------------------------------------------------
2 K: e6 e5 x* R% y    Ottawa              4.5%     181,083     172,250        5.1%$ z  i6 J5 U0 y* r# f  J" b& h' `0 n1 R
    -------------------------------------------------------------
/ d" }1 @: F. u    Toronto             1.4%     252,088     242,918        3.8%* R0 q4 K% [3 v
    -------------------------------------------------------------
; S5 G3 E8 c, f4 n$ _    Winnipeg           12.0%     105,648      96,008       10.0%& Q) G) G  H( k, H7 s3 A+ V* R- S" u
    -------------------------------------------------------------# e; d$ }# L( M: Y, [% w2 S6 t
    Saskatchewan        9.7%     106,250     101,000        5.2%$ W# R5 F- u( @
    -------------------------------------------------------------: H+ a( x( ]% ]" _& s* q0 h
    Calgary            53.5%     245,844     153,867       59.8%# E; n& b" x$ C0 f
    -------------------------------------------------------------2 ~9 [1 F' Y  }. L
    Edmonton           53.1%     200,433     131,500       52.4%' n2 s! B3 \" q9 ^8 Z
    -------------------------------------------------------------
* l' A+ ^) X  w) Y    Vancouver          13.8%     366,250     323,250       13.3%: u5 Y9 B1 a- Z  K
    -------------------------------------------------------------% l$ V+ @6 w0 u8 n2 n
    Victoria            3.1%     229,000     220,000        4.1%( ]4 Y$ q: t- `# K& l
    -------------------------------------------------------------# ?! K( U2 N, x" Z2 [0 W) a
    National           13.2%     211,562     185,296       14.2%! D6 t) T2 l4 A7 d, m; u4 B
    -------------------------------------------------------------' f% R( r; J2 i1 [
    >>& ~9 j& F0 k6 `. f( D3 w

  e- j9 c4 c. A& ?; _+ h) o$ x9 W    Average house prices are based on an average of all sub-markets examined2 A6 I+ Q/ d) T- ^+ t0 F, {$ d
in the area, except for the smaller markets of Charlottetown, Moncton, Saint
/ n# B- y% n2 I4 TJohn and Victoria.
2 D# I! x7 f3 K
& d" O" J* F/ V! [' a" I    The Royal LePage Survey of Canadian House Prices is the largest, most* q- }/ s1 M$ ?  |5 j; E* s9 O, J7 a9 R
comprehensive study of its kind in Canada, with information on seven types of
+ [! k) \4 c& W3 ^$ G7 d3 h+ rhousing in over 250 neighbourhoods from coast to coast. This release% k. ^1 u- v' b4 G+ m
references an abbreviated version of the survey, which highlights house price% B' Y) @$ l- I
trends for the three most common types of housing in Canada in 80 communities! s8 |% a) Q+ C
across the country. A complete database of past and present surveys is
4 n% x- h* |$ o+ S, Mavailable on the Royal LePage Web site at www.royallepage.ca, and current% ]9 O/ Z( `6 C8 `! A2 n: u, I
figures will be updated following the end of the third quarter. A printable3 h, k, Y$ N* \
version of the third quarter 2006 survey will be available online on/ [4 g2 R( j7 `0 A; q* m" o
November 15, 2006.
; Q2 m. N* ?3 `$ @7 S- g    Housing values in the Royal LePage Survey are Royal LePage opinions of
, g& ?# h! ~% _fair market value in each location, based on local data and market knowledge
+ R/ [) ?& R& o/ Pprovided by Royal LePage residential real estate experts. Historical data is
5 C' _$ a' u# M3 x) V) |available for some areas back to the early 1970s.
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