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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 + b& W7 J$ Z/ v  g' T6 e; L
" e9 R, h: |  _
- Country's market poised to show growth throughout 2006 -
1 `$ K( v" r$ _3 p$ S7 x# ^3 S1 F* v# {9 J$ N: @6 C( e
    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market! [& c! Q$ L& Y) z! S9 r* T
exhibited moderate price increases and stable unit sales during the third
0 S! n$ L' Y, w" f9 vquarter. Wide regional variances continued to be the dominant characteristic% P' y& e/ z/ T% u8 ?% A
in the market, exemplified by frenzied levels of activity and double digit
6 h1 i1 O* Q. Y9 Y/ Q1 }  y6 Wprice gains observed in the energy and commodity rich Western provinces, and- R! W$ ^' L* v0 T" D
more reasonable sales volumes and moderate price appreciation in Ontario,
7 _3 ~3 j$ b4 M% W; F3 GQuebec and Atlantic Canada, according to a report released today by Royal" c8 g+ ?" S8 M
LePage Real Estate Services.  n  S) E$ R/ g
' J3 I3 d, l' r0 F8 ~
    Nationally, market trends established through the first three quarters
7 G5 B) K' M3 f2 l2 l1 w5 Y% p! Vare forecast to continue for the remainder of the year. Robust economic
0 Z. {+ J; X( e1 s2 R, jconditions, low unemployment rates, modestly growing salaries and wages, and
. x% f) a  i4 Q+ B- q% W4 isound consumer confidence contributed to the overall strength of the
" G0 i+ O" u$ L; W/ L& P. aresidential real estate sector.
8 ~/ v# O  {# i* [4 ~
1 A# M  a4 Z) x/ f    Of the housing types surveyed, the highest average price appreciation1 Y' z& B) t4 ]5 G/ O+ b
occurred in detached bungalows, which rose to $300,365 (+16.3%)
$ d$ m, a; h5 Iyear-over-year, followed by standard condominiums, which rose to $211,562
3 g; F) I, J# a. f2 |5 z" P( L1 t(+14.2%), and standard two-storey properties, which increased to $365,380
3 w/ X# q7 {; K& L2 h(+13.2%).' B6 i- z! g& g1 N( g
  }. r3 m) {5 `7 J0 N* G/ c
    "Canada's sturdy housing market continued to demonstrate steady growth! ?0 g7 y- t1 g# V2 {6 U) N% \
during the third quarter. For all but the west, we have moved on from the
, s3 \  `) a2 Z9 v3 X- x' gfrenzied expansion that characterized the first half of this decade, and are! j8 `* J+ f  q* w  F
poised to show continued growth at a more moderate pace," said Phil Soper,
3 S' r; ]1 ~. Upresident and chief executive officer, Royal LePage Real Estate Services.4 p$ X% n, f3 p& }. h
"Gone is the sellers' market that we have lived with for some years. We. t) F% F, K4 d  O
welcome the more reliable conditions that are characteristic of a healthy/ |4 H% C7 S9 b# R! ]: B5 i& [
balanced market.", U1 \* M2 w, c: I. q6 M- ~

* O* Z# n) j0 F+ ]    Despite the double-digit rise in average national house prices,
0 s7 ?: {. A1 u. C9 cconsiderable regional variances were exhibited again this quarter. The shift
8 O& Q7 r1 {/ cto balanced market conditions, which began in late 2005, has continued% e/ I7 y0 ?" z4 l9 |! y. U
throughout most of the Central and Eastern regions of the country. In the core' R; D! t% {; p  w" s) ^6 e& U3 J
energy producing western provinces, the combination of very high in-migration,3 i9 A1 O$ c/ v2 s& b4 g0 R+ [
manageable affordability, and a shortage of inventory has driven record8 k8 f9 q" C9 ?  r: j  P7 R
breaking price appreciations.
9 a& C8 E) V; i. V% h2 _- e7 @) X8 b5 g6 k
    Echoing the second quarter and supported by Alberta's rapidly expanding! G$ ^2 a/ [9 S! r4 N* R( y
economy, Calgary and Edmonton led the charge of Canadian cities with the/ }! s, n; ?2 D7 K6 \
largest house price appreciation in all housing types surveyed.
% j8 M2 V8 _1 u1 b& D
$ k. ^3 E! m  G" |: V: T/ h    In Ottawa and Toronto, growth remained steady, supported by solid$ N% ^  Q2 h. z3 P( ~8 |, u
economic fundamentals, an increase in available inventory and strong consumer
, _4 d5 T7 ?# `) o: sconfidence. While the pace of price appreciation in Ontario leveled off  G$ j$ g* p0 k& S1 C. z, p! \- ]
slightly, the province's real estate market remains poised for modest growth.
7 t" \3 k( B4 hIn Atlantic Canada, new housing and condominium construction offered buyers
/ z. ~3 ?% q" l6 Q; b4 [0 mgreater selection at more competitive prices, resulting in a slower rate of
6 B4 p9 y$ t6 F4 |3 X! Qprice appreciation when compared with 2005.1 f5 }6 z+ k+ L* k5 N% K/ _+ k

; t/ o" O! l/ G5 |* c4 j9 D! h    While the pace of growth in Canada has slowed, the domestic housing
6 F, Y1 v4 p! M5 ?0 v- f4 c% o9 Zmarket is expected to outperform the American market. The economic and5 D0 |' {% T: n& V: w% |
financial fundamentals driving the residential real estate sector in Canada; K! w3 [7 x+ q+ E( g# x
are markedly different than those found in the United States.
: l. o- I' [( Y9 N; I
* J" G6 ]) I- ]+ b  X1 f6 V0 h    Added Soper: "Canada's housing market is likely to outperform the
# x& F: Y2 t7 R& R0 h% H( [American market through 2007. A number of factors are working in Canada's/ _4 p7 M. E% l( G- n" o! B" x, }
favour, including healthy personal and governmental debt levels, the4 R( w* u! U$ r$ c5 q. c
relatively modest rise in interest rates in our country, and general) `6 v" J  q1 m# P+ Z
affordability in our major cities. In addition, Americans are now seeing the
: g$ o# D8 A0 ]' v# c5 G/ X4 jdownside of a tax system that encourages maximum homeowner leverage, and7 r6 n" m( Z" P
aggressive financial products such as zero- and negative-amortization
8 O3 F4 g! {7 n* l8 u0 F* Omortgages that work only in a high price growth environment."
9 K. O& S9 Y5 k+ |4 V/ C+ X/ Q2 E' d% K9 {
    <<
1 ?7 D" h2 C5 ]  j: Q1 z1 `% y, v                             REGIONAL SUMMARIES3 S# L: f- a  ]
    >>
3 l- j+ ]* Z: |$ `4 _4 X, [( v% `1 K- J
    Balanced conditions continued to characterize the housing market in. b& N! S7 j' |
Halifax, as significantly higher inventory levels helped to moderate the rate
+ e6 C4 i% Q8 t) `) z0 i7 y  gof price appreciation. Buyers were increasingly choosy, taking more time
6 e3 K4 |0 Y; i5 ~/ x0 blooking for newer, low-maintenance properties that were not in need of& g$ a+ @. M/ C: s, P
renovations.# C$ K( E, y2 A2 l& _

0 r' X8 y/ C+ |4 E3 O    The housing market in Moncton remained healthy and strong as a slight  {5 h  P$ ?; n; v* x: ~
increase in inventory helped to moderate the rate of price appreciation% D5 P' b; |1 h  x8 K2 l
compared to the same period in 2005. Activity was brisk throughout August and
( G, c) s/ [  l/ OSeptember and is expected to remain this way through the fourth quarter.
2 ~' e* N7 W) |6 {+ f: Z
' |0 H" U+ P# \7 S    The housing market in Saint John underwent its traditional summer
. b+ {6 z: K0 \- ]$ s( _slowdown in the third quarter, with activity picking up towards the end of the' t! Q* l6 a6 Z/ C) U# f
quarter. The local economy continued to thrive, as construction on a new- B8 v/ \2 g7 c4 F  T
600,000 square-foot shopping area has begun, bringing several new box stores
2 n! n  [4 u3 q6 n; Fto the area. Buyers have begun seeking less expensive fixtures for their homes
: k+ x! |2 F8 l# D1 i* }8 Cand are instead opting for more affordable housing options.
; }8 S5 U; z8 a3 [8 _1 t* M( |; s( E& N
    In Charlottetown, the housing market started to move towards balanced
+ J3 T' }1 Y& K$ Jconditions, as some sellers had to begin to lower the asking prices on their3 P/ e  U1 i6 m  T# L
homes to make them more competitive. Activity from out-of-town and US buyers
+ F' C. z# Q9 o" b' `& Awas down slightly compared to 2005, likely attributable to the strong Canadian
& v" t% B9 N% }- Pdollar. Inventory levels began to creep up in the third quarter, providing4 M- Q# ^$ G- P  U- x, d
buyers with more options when looking for a home.
2 F% P* z; K9 k7 F
( G" N4 {; \; S7 ?    Activity in St. John's slowed slightly in the third quarter, particularly8 D% J& a; W- \: U+ g
among higher-priced properties, where there was a slight over-supply of homes1 e' {; S1 f' o7 Z  N1 z+ o" _
priced over $200,000. Listing periods have increased when compared with 2005,
; k& O2 C) p0 Y- f( A, las some of the pent-up demand that had characterized the market over the last9 T/ A. ?( v. g3 }$ |# u4 `
few years has been satisfied, resulting in more normal, balanced conditions.8 R8 `+ ^8 \, o7 @

$ v; e1 W- G: d    Montreal's housing market recorded modest increases in average house
9 g0 f+ n7 i( L4 yprices, due to a slight seasonal slowdown in the third quarter as inventory; Z+ X! ]3 c+ V! [
levels rose. Part of this can be attributed to the fact that many renting
/ \/ ^. Z  v5 k: W  I  u$ V: R7 V" vfirst-time buyers were motivated to close on the purchase of a home by July 1,
( |6 J/ |( D7 q% G2 L, Ewhen rental leases expire in Quebec. Once this date has passed some of the$ y7 G9 V7 S0 r/ l9 M& S
pressure is taken off the market, allowing buyers to visit more homes before, \7 D9 f/ |$ |4 w  _
making a purchase.
( H4 L& X; Z, S' P4 n9 x3 K3 q5 X- n  @3 L
    Ottawa held its position as one of the country's most stable housing9 B7 J, e- X) G+ t" ^3 A
markets in the third quarter, reinforced by a vibrant local economy and strong$ _& q# j2 w  D
confidence, resulting in modest increases in average house prices. The city
8 t) ?" `1 _( b6 Ocentre remained a bright spot in Ottawa, with homes in this area attracting
3 I5 }  m" |  @4 }$ e; F- h" eattention due to their convenient location and proximity to downtown+ s  \; ^) C3 G
amenities.# i# ^3 g! `- C2 y- Y4 a
6 a2 ~9 i% T3 F% e+ H
    The housing market in Toronto sustained healthy activity levels
0 w# M/ H9 H5 _throughout the third quarter, as a strong economy helped to maintain demand5 R- ~$ d( R8 j3 H; j: \$ Z6 J
across the city, causing average house prices to rise moderately. Toronto has) n7 r1 ?. b9 f& j- C3 Y" s1 p
continued to experience modest growth in average house prices, and has been, R+ `2 w7 t  h# S* J" Q: c
driven primarily by purchasers who are buying homes as their principle
  r# L5 K& Q4 s, ]8 r) Mresidence, rather than for investment.
3 [8 _7 q* h* C* @5 U$ o5 H& ?8 B$ G- v, l  g0 v
    The vibrant Winnipeg housing market continued to show its strength as8 l. b! f" k% y9 f
house prices rose during the third quarter. The booming local economy resulted; O0 W) i9 G1 L5 P' n% j0 v. G
in a historically low unemployment rate, helping to bolster consumer6 a) |( C( {- H' W; J9 L, f& E
confidence and Winnipeg's ranking as the city with the lowest capitalization
  z% Q  q, L! y* i1 trate among the country's larger cities - helped to encourage buyers to enter3 A/ f, ~4 r: }+ B- o
the market.9 V( @8 q$ d5 c# ]8 i

5 k# i( `3 h' K. U2 G3 z! ^    In Regina, the market experienced a slight seasonal slowdown through# x9 w( O2 [, U. q+ b' L) k0 o
July, as there were fewer purchasers in the market due to summer vacations. In
" r. f, u! ?) q! B( m& oAugust, activity resumed to the busy pace previously seen in the spring
& r& ]" x& C$ xmonths, as the influx of purchasers made it more difficult to find a home due
4 B) C9 a. s$ n3 b+ s% x: Hto the shortage of available inventory.
) z# G: F5 n. V' I5 }
' x. b  j, H+ P* {: r! X- B    Activity in Saskatoon remained brisk as the market maintained its; a8 S( f" [& y" B& U$ L4 i
momentum from the busy spring sales period. The economy in Saskatoon remains) s! K* J: s9 R/ O6 ~. l
vibrant, as employment opportunities are abundant with many businesses
- l/ k7 N. c* X$ X7 tstruggling to make hires and having to recruit outside the province.3 I. d- O9 z& R3 Y

" Y1 A- P1 F$ {# _" P5 W$ M5 P    Calgary's housing market recorded blazing average house price increases3 y0 q+ G, h% t% f9 A2 D: |; {
in the third quarter, in all surveyed categories. The burgeoning economy, low/ E, G! `6 u$ X. t6 @
unemployment rates and low inventory levels remained the leading factors that
. u. h" h) \9 M9 D# J4 \% f$ epressured Calgary's house prices upwards. However, regardless of the soaring
3 g2 N2 V3 `0 |+ S0 Hprices that characterized the market - even during the typically slower summer
" j0 f- q4 L( P6 a% q+ n6 \( P* qseason - it is expected that activity will become slightly more balanced, as5 q' k5 w2 h" Y# o
buyers are becoming more reluctant to participate in the frenetic activity.

2 _3 c' Y  U  D6 Z" @: f
2 w1 p) I6 h3 k! A( W. V: L    Edmonton's booming local economy continued to thrive in the third quarter1 l7 J" z' Y5 A& d4 P
as activity in the oil sands north of the city continued to flourish. Edmonton
* m0 Z% ~5 |; v2 Yremained the hub of activity for those coming to work in the oil industry,+ v+ X1 P. ]3 D
maintaining tight inventory levels across the city, resulting in prices4 y+ g( ]2 ]7 ]$ w: m9 {+ Q
increasing at record levels. However, as inventory levels continued to improve
2 ^2 w' ~8 `4 a3 C9 B' x% ?% @7 uin the third quarter the rate of price appreciation should moderate slightly& `3 f; [: V; O) z+ J, Y2 `
towards the end of 2006.
    $ E9 q: a& O+ B& ~9 b

" K, c2 \0 c6 ~; YWhile Vancouver has seen a slight reprieve from the severe shortage of, B; N* F# r. W# i' ~+ v. D+ i* k4 v
inventory that had previously characterized the market, supply is still unable- E* V8 j0 {/ O  r3 d6 T; E  N
to meet demand, driving house prices upwards. Vancouver has a very diverse
1 s+ X2 f4 ?; F  Dgroup of active buyers - from first-time home buyers to baby-boomers to
# p: W0 R+ O" X1 K% Eforeign investors - all of whom fuel the demand for houses, placing added
0 l6 g* F0 D( T- Epressure on tight inventory levels.  `6 i! ?! y' g8 f* b

& \5 L6 y# G  f( [0 {    Victoria's market is vibrant and supported by strong economic
( L" _) B7 O8 E5 r( K2 |$ z3 n4 Xfundamentals, fuelled by a booming tech sector and a migration of young people: @& m3 T# E. C4 `" B1 j
into the city that has continued to support the area's house price increases;
0 N7 T$ @+ X3 Swhile increased inventory levels have afforded buyers more time when searching9 k  e- P. b; H0 \( R3 w& I, I
for a home, helping to normalize the market's pace.: `! K1 [# H: i( t( T
! P: j6 G% r2 ~4 `
    <<
% q0 r% |' S. M, n2 Y      Survey of Canadian Average House Prices in the Third Quarter 20066 q% [* x, h; a

7 F; C: O2 w  e' U    -------------------------------------------------------------------------+ E7 ~% U: y8 ?$ m& m8 R0 b6 m; Q
                 Detached Bungalows                Standard Two Storey- b0 ~/ T$ X& _7 P
    -------------------------------------------------------------------------2 o+ z7 ~5 B- L+ N4 T% B, K
                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q3: B; ?; K& d( x6 h
    Market           Average     Average    % Change     Average     Average
; q4 F9 @5 C) [( Y( b& i( ]    -------------------------------------------------------------------------
. L5 e% m2 F. l6 {! X, `    Halifax          186,333     173,333        7.5%     198,667     199,000
2 [" |9 f( n  K  e+ M  y    -------------------------------------------------------------------------6 O" N3 l. a& {7 `( m0 _, v& X. k
    Charlottetown    145,000     141,000        2.8%     175,000     170,000
: n4 k) T* [4 x; Y# T$ j    -------------------------------------------------------------------------
, C0 W# \' N" @+ V$ t: {9 J3 f" I6 L9 P    Moncton          135,000     127,000        6.3%     129,000     123,000  S6 V5 W- ?7 R$ X- A
    -------------------------------------------------------------------------1 K! q* b7 y8 d  u0 l1 n  z
    Saint John       141,200     142,900       -1.2%           -           -' W& }  G5 E% B0 ]
    -------------------------------------------------------------------------9 a* j" N" X8 S  U
    St. John's       143,667     142,667        0.7%     200,667     202,333
1 D; W. `" [8 h% t! V7 ]* u! B$ U0 c  [5 L    -------------------------------------------------------------------------
% e4 I- P( p$ y# I+ ]- T9 j    Atlantic         150,240     145,380        3.3%     175,833     173,583$ o- J0 m) V+ K$ }
    -------------------------------------------------------------------------
, A1 H+ @6 Y8 o    Montreal         213,691     203,500        5.0%     321,141     316,185% d* T- Z- ]! _; F; Y- _
    -------------------------------------------------------------------------
8 Y8 t1 x6 H) ~    Ottawa           290,083     278,417        4.2%     285,667     273,250
9 s& n* t) j* y) M) _5 X9 ^" S, r    -------------------------------------------------------------------------
3 c! m; s+ R4 v: k# [6 y" E+ S. Z    Toronto          373,368     355,882        4.9%     481,523     474,766
0 ^1 U$ {0 p2 I8 c    -------------------------------------------------------------------------
0 i# i- n' R/ \& `: y6 ^/ j; }    Winnipeg         181,579     159,860       13.6%     202,337     180,707) S+ A: z& q: u% P4 c& B
    -------------------------------------------------------------------------
$ f. C4 n: S+ H; j0 U) f2 @% l6 G7 T    Saskatchewan     170,667     156,083        9.3%     182,600     166,500
( G: K# R# [' K# g+ @0 J    -------------------------------------------------------------------------- W8 }" A( x- Z6 L5 d& [, P$ d
    Calgary          395,067     252,411       56.5%     405,778     264,389$ R; i* a8 i4 N( J% l. y
    -------------------------------------------------------------------------" h9 D0 B% N4 P& e
    Edmonton         286,857     194,857       47.2%     316,429     206,7145 Q9 N# ^! y! ^  v, W9 x' Z8 }- y
    -------------------------------------------------------------------------3 @  G8 _& }& |6 m
    Vancouver        704,250     601,000       17.2%     794,000     697,500
; Y: @0 ^, Y' z, I& I; S$ M    -------------------------------------------------------------------------
% S: ~& o" r$ ?+ a1 C5 f    Victoria         375,000     348,000        7.8%     403,000     391,000
& h5 v* [/ v- o8 |$ D  L7 }, |' x    -------------------------------------------------------------------------
$ J2 j# J+ l8 \, }- P1 H    National         300,365     258,202       16.3%     365,380     322,8608 N6 N' ~+ X  E/ n
    -------------------------------------------------------------------------! w3 m3 ?5 o! L+ @3 N
& ]% l( g) m* P. A. g/ ~7 E: w& H' ]
    -------------------------------------------------------------
  Q/ H1 o& ^* K                               Standard Condominium# V& j0 n" c& w
    -------------------------------------------------------------# k2 U1 P3 N8 O3 o' Z9 n  L  `
                    2-Storey     2006 Q3     2005 Q3       Condo
1 z. l% a; y9 D! r: s  [% ]    Market          % Change     Average     Average    % Change
8 h- T9 J& g& n7 K    -------------------------------------------------------------
& s, m  o, ~7 i, h* }6 h7 Z    Halifax            -0.2%     142,000     103,000       37.9%
3 e+ {# s6 s( i4 s  j, p3 M# a6 H7 q    -------------------------------------------------------------
$ Z; @8 R" S$ O    Charlottetown       2.9%      98,000      98,000        0.0%, `) H! i: @& I2 ?. S
    -------------------------------------------------------------
" p1 K% e. ]5 a7 E7 t& p% z- Y; f    Moncton             4.9%           -           -         N/A6 r6 h, H1 B2 R. b
    -------------------------------------------------------------0 t4 P0 m3 y6 G% C/ I
    Saint John           N/A           -           -         N/A
1 U0 x& b+ f, U) V1 F. Q    -------------------------------------------------------------
2 K$ N6 [$ l+ [6 ?1 F    St. John's         -0.8%     146,333     145,667        0.5%
) o9 j7 J- Q2 t1 A* H; f    -------------------------------------------------------------! a( x( i6 M5 t& @4 D& t5 E
    Atlantic            1.3%     128,778     115,556       11.4%
( k0 j  J, b/ Z+ u6 J    -------------------------------------------------------------1 u8 [; I  c+ s
    Montreal            1.6%     193,190     188,016        2.8%" p# `8 Y. J$ F
    -------------------------------------------------------------
$ t- J  @6 O: x4 }9 k( Y    Ottawa              4.5%     181,083     172,250        5.1%* @" Y. j/ ?/ H# I' n* R/ [
    -------------------------------------------------------------
. k& q8 u7 G' C" Z/ J7 b: E    Toronto             1.4%     252,088     242,918        3.8%
" c: W5 ]) j: m- l# N" k    -------------------------------------------------------------
1 y0 }6 S$ x0 H" q5 C& d    Winnipeg           12.0%     105,648      96,008       10.0%
. s  p7 e! b/ T# C    -------------------------------------------------------------
! ^7 |& c/ _4 y+ R    Saskatchewan        9.7%     106,250     101,000        5.2%
( G6 {& H; c' E( S& V    -------------------------------------------------------------
/ f7 S1 [2 F$ h6 R  j; o( ?. _    Calgary            53.5%     245,844     153,867       59.8%9 x  Y( d% `, @/ \" @  l+ y. T2 _
    -------------------------------------------------------------
$ l8 v* t- \1 w( i& N! a    Edmonton           53.1%     200,433     131,500       52.4%. F# @2 B2 O/ e' E4 T, ~
    -------------------------------------------------------------
( i. a4 k: {2 p+ C! E    Vancouver          13.8%     366,250     323,250       13.3%
$ s* Z, }8 {+ D. V% I* u- G    -------------------------------------------------------------
1 G- S" S3 t% b    Victoria            3.1%     229,000     220,000        4.1%5 d1 m1 W! d. w+ `' Z5 @; W8 F$ ~& U
    -------------------------------------------------------------
& ?& m3 x- P3 H$ }2 c" P- h2 C  A    National           13.2%     211,562     185,296       14.2%5 I( x, ~' X# w
    -------------------------------------------------------------
6 a$ ~  k: f: J9 [" J. I' u    >>& ?* U" w4 G% z: |

/ `5 Q$ y, ^' C- E& D    Average house prices are based on an average of all sub-markets examined" w! K+ y0 Z- O. s' Z
in the area, except for the smaller markets of Charlottetown, Moncton, Saint
' h: R) `/ e& u0 [# wJohn and Victoria.' ?6 \+ B* {6 M: A- V! K
2 B7 a0 a. I2 S8 U$ w5 \+ U: e1 Q5 o
    The Royal LePage Survey of Canadian House Prices is the largest, most; U/ b9 M: a+ P. t: q; r7 ^
comprehensive study of its kind in Canada, with information on seven types of  C) [& V6 |6 u
housing in over 250 neighbourhoods from coast to coast. This release
- a4 D, l( l. breferences an abbreviated version of the survey, which highlights house price! x  j4 ]3 @4 k
trends for the three most common types of housing in Canada in 80 communities
4 S: {  K1 b8 K! b* _7 e! l# f$ ?* ?across the country. A complete database of past and present surveys is
' _8 I+ W- ~2 b# [/ Cavailable on the Royal LePage Web site at www.royallepage.ca, and current. H7 ^" d& Q$ f- M, h/ s$ W
figures will be updated following the end of the third quarter. A printable
( ?. k; W, `) S2 n- T, mversion of the third quarter 2006 survey will be available online on
3 Q9 U2 g, l$ cNovember 15, 2006.
) v0 V* b( g* I6 J0 r# t& e    Housing values in the Royal LePage Survey are Royal LePage opinions of! W) Q5 ~- l' A
fair market value in each location, based on local data and market knowledge
4 c, B+ q! h0 E+ ?$ {( K3 u, aprovided by Royal LePage residential real estate experts. Historical data is% F" K/ l7 a) F8 Z; n& ?
available for some areas back to the early 1970s.
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