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Canada's housing market both vigorous and stable $ W j+ _, p2 g
" I J; f! b. Q0 S+ R9 r2 P
- Country's market poised to show growth throughout 2006 -
' d3 ]0 p% }4 Y; G4 m) p- a+ v; e9 M3 R8 ^& {# h: P
TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market
7 q5 v& ^: V' V oexhibited moderate price increases and stable unit sales during the third9 h1 ~& _, Z0 `! h( L4 z" o
quarter. Wide regional variances continued to be the dominant characteristic ~2 a2 b( q* X
in the market, exemplified by frenzied levels of activity and double digit
$ u, `; N D; ]4 c$ lprice gains observed in the energy and commodity rich Western provinces, and+ I9 k3 z3 n8 G" R& ~2 _
more reasonable sales volumes and moderate price appreciation in Ontario,7 ?. Z- V5 c7 V
Quebec and Atlantic Canada, according to a report released today by Royal- W0 P4 P- F6 H- \
LePage Real Estate Services.% ?- \- T5 J, W1 \
0 p# H& y+ O; G( t4 e
Nationally, market trends established through the first three quarters
+ t0 ?( M9 i( Z$ g8 Dare forecast to continue for the remainder of the year. Robust economic
; ~% ~& E, X h+ C& ~4 `conditions, low unemployment rates, modestly growing salaries and wages, and
- D5 `- s2 D0 n! dsound consumer confidence contributed to the overall strength of the8 _0 f' l! t" d- u0 r0 \; n$ x
residential real estate sector.
' R% n2 ~4 y5 n$ V) I
: ~' y! R* X% l o7 b: K Of the housing types surveyed, the highest average price appreciation1 D {3 M0 k! y; r' {# ~" V) n5 Y
occurred in detached bungalows, which rose to $300,365 (+16.3%)* D' P+ {3 ?+ f& d1 i: z% g9 {
year-over-year, followed by standard condominiums, which rose to $211,562* ^, K: |' Y) Z! b) g, N
(+14.2%), and standard two-storey properties, which increased to $365,3804 W6 }5 j) U- V+ v6 K0 l
(+13.2%).& v, d+ \, L7 N( u1 ~! F& ?
4 I$ m3 B0 Q ^* G4 f
"Canada's sturdy housing market continued to demonstrate steady growth" A$ C) ^! T6 f& L! C' x6 ^
during the third quarter. For all but the west, we have moved on from the( w4 `6 {5 G9 l. k( J
frenzied expansion that characterized the first half of this decade, and are
4 p+ d7 p) l A' kpoised to show continued growth at a more moderate pace," said Phil Soper,
: C9 U/ x3 c5 Q/ W ^' jpresident and chief executive officer, Royal LePage Real Estate Services.
8 m! w( V- ]! M& ^1 y# C- {- y"Gone is the sellers' market that we have lived with for some years. We
' u% R, ?1 N8 q- N* ?welcome the more reliable conditions that are characteristic of a healthy
3 t1 c$ B" @; l& ^7 I, Vbalanced market."6 k: @% A2 C* D% X+ w
3 |$ y2 Z9 Y# q! Z* X
Despite the double-digit rise in average national house prices,
+ Q, m1 ?) P0 P! ]1 C! tconsiderable regional variances were exhibited again this quarter. The shift2 o& q1 r0 b0 l2 l$ e
to balanced market conditions, which began in late 2005, has continued( ?: N; M2 v6 r9 p5 O7 y/ Y. {
throughout most of the Central and Eastern regions of the country. In the core
5 _) r: t4 H, B6 B2 Aenergy producing western provinces, the combination of very high in-migration,. U1 L- }: l+ G8 y6 z
manageable affordability, and a shortage of inventory has driven record5 x5 @! K4 x2 F& K c: E
breaking price appreciations.
7 v3 _+ G/ r/ b! ]; Y2 i$ ?1 E8 a9 Q# Q1 O# q5 D
Echoing the second quarter and supported by Alberta's rapidly expanding9 T1 h. l/ C: {( w4 a ^
economy, Calgary and Edmonton led the charge of Canadian cities with the
& P5 V& D! t- w4 {7 T" Rlargest house price appreciation in all housing types surveyed.9 R6 V1 c( B: f5 J
1 x" b, S7 t0 W, [$ Q9 S3 J1 v
In Ottawa and Toronto, growth remained steady, supported by solid
4 P3 t# F$ l3 L7 i; C9 Geconomic fundamentals, an increase in available inventory and strong consumer: N, b0 C; r" L/ {9 a
confidence. While the pace of price appreciation in Ontario leveled off0 g4 s9 {9 i( C( C' \' P
slightly, the province's real estate market remains poised for modest growth.
+ J7 z5 Q; y; e5 u! ^In Atlantic Canada, new housing and condominium construction offered buyers/ K. _0 M' D% g
greater selection at more competitive prices, resulting in a slower rate of* u8 K- c& @* H+ S. w: l
price appreciation when compared with 2005., t d' D8 G2 ^. Q5 P4 l
5 j8 I c4 i- r& r+ c While the pace of growth in Canada has slowed, the domestic housing. I0 ^4 A+ `- K% V5 Z) D
market is expected to outperform the American market. The economic and5 M. M- ]$ |1 ]* m, H& y
financial fundamentals driving the residential real estate sector in Canada- J7 O! N+ Q6 ? m/ |+ |9 b4 @
are markedly different than those found in the United States.
% `+ H% H8 x- D- A J0 f3 X3 f$ D6 A( D; K3 Y) V
Added Soper: "Canada's housing market is likely to outperform the4 z+ y" M4 l f/ k, R% w
American market through 2007. A number of factors are working in Canada's1 E; e$ u6 _! V7 {3 v* I! D! H
favour, including healthy personal and governmental debt levels, the' Q# P9 `& Y$ l# E3 E8 N
relatively modest rise in interest rates in our country, and general
% u- q6 R2 m) V% z& [& T% vaffordability in our major cities. In addition, Americans are now seeing the, L+ q2 [; r$ m, }. P
downside of a tax system that encourages maximum homeowner leverage, and8 u6 m+ @% V2 N6 b6 k
aggressive financial products such as zero- and negative-amortization
' v2 m |! N) i& \ F* n; G9 gmortgages that work only in a high price growth environment."
& I8 y: j; V3 M, l" w7 w
, k; K) R0 k7 c7 E+ F; N <<
( T$ W: n( @ r3 k1 O REGIONAL SUMMARIES
% q" q3 Z' Q# T, ^- h >>
# d8 u! f! ]2 ?9 ^7 F! i
$ p- V( z* o! Y( H# Y Balanced conditions continued to characterize the housing market in
) ]! k6 R. v, _) yHalifax, as significantly higher inventory levels helped to moderate the rate- `6 }; V* a' b# t W4 v3 ~
of price appreciation. Buyers were increasingly choosy, taking more time
' a6 t& P, ~4 Flooking for newer, low-maintenance properties that were not in need of
9 z" k, f1 @& v. V( B" `/ g4 m' grenovations.
" w) Q. Q$ |# m0 B. d. ^/ V3 i
# y: r# c! a# P: z The housing market in Moncton remained healthy and strong as a slight
* y, v! a+ D4 _, d( Q3 y- `increase in inventory helped to moderate the rate of price appreciation2 W; [" v [8 ^/ V2 m7 P$ v8 N
compared to the same period in 2005. Activity was brisk throughout August and. u0 o# a# T7 E+ |& z
September and is expected to remain this way through the fourth quarter.
. @4 t) d% z u; Y/ @5 l
2 N: Z/ {8 Q! ?& F4 f: W' P- z The housing market in Saint John underwent its traditional summer
5 p9 m# N, N: J, U- Y; c, _) Vslowdown in the third quarter, with activity picking up towards the end of the
4 \4 J% ^" {" M! j4 U3 l/ S( Vquarter. The local economy continued to thrive, as construction on a new9 N3 T3 ], {6 f' @3 x7 ~/ M$ ?. V
600,000 square-foot shopping area has begun, bringing several new box stores, j2 v9 d) m! M2 M- m% Z
to the area. Buyers have begun seeking less expensive fixtures for their homes9 G( D6 D$ K9 E" e4 F
and are instead opting for more affordable housing options.
) }5 ~7 b( K( R6 A' q/ c6 E# E) f$ C. f) a, ]3 j
In Charlottetown, the housing market started to move towards balanced6 ]( o- i! f* K2 o2 C7 I
conditions, as some sellers had to begin to lower the asking prices on their
9 W. b. @ P0 P: h& zhomes to make them more competitive. Activity from out-of-town and US buyers. L. O$ A# ^) b! B7 e* A2 k
was down slightly compared to 2005, likely attributable to the strong Canadian) A h. h' @. @" r2 g
dollar. Inventory levels began to creep up in the third quarter, providing
1 O# ~% L' W. x3 t1 Pbuyers with more options when looking for a home. O7 @5 I- J$ C* t5 y
8 f+ R# I3 V( { Activity in St. John's slowed slightly in the third quarter, particularly
6 j% w7 D6 ~, o( O; M6 h; Mamong higher-priced properties, where there was a slight over-supply of homes0 F( F' C$ X! T4 ?0 j- [1 c
priced over $200,000. Listing periods have increased when compared with 2005,
7 _1 Q& r$ r9 Q9 n' Vas some of the pent-up demand that had characterized the market over the last' {5 i% g& m( T1 z
few years has been satisfied, resulting in more normal, balanced conditions./ {# ]/ s; t# b. \
1 n1 }6 D& \+ G) y+ W% n9 V
Montreal's housing market recorded modest increases in average house( Q2 h0 G+ I8 x, H9 V1 l8 U
prices, due to a slight seasonal slowdown in the third quarter as inventory: V1 |# S7 w* a4 F9 `& f! Q, p
levels rose. Part of this can be attributed to the fact that many renting
& D5 X6 M l+ Z6 H6 Y. W# Sfirst-time buyers were motivated to close on the purchase of a home by July 1,; J2 l) [: m( ^* A
when rental leases expire in Quebec. Once this date has passed some of the% r$ O6 u- }5 R8 X% L* `
pressure is taken off the market, allowing buyers to visit more homes before* o x$ z( } ?
making a purchase.
& w* G7 l: B1 r1 q; ^5 {" q, h3 I) K9 I! W/ V
Ottawa held its position as one of the country's most stable housing
# w) m& c5 `0 }8 T$ smarkets in the third quarter, reinforced by a vibrant local economy and strong
) c) X$ E! @5 ^5 kconfidence, resulting in modest increases in average house prices. The city
x/ B9 S& n/ t1 v! }centre remained a bright spot in Ottawa, with homes in this area attracting
1 m2 g! v- j% K! E4 N4 ?: s9 N# @+ S& Qattention due to their convenient location and proximity to downtown. @9 I) ~8 Y4 S3 B9 }
amenities.
/ N# |# i# I2 g$ p2 X1 o/ y* G, ~) J& P* j' T) B# I
The housing market in Toronto sustained healthy activity levels
3 q* p. `( ^4 b& Y$ E% l1 Gthroughout the third quarter, as a strong economy helped to maintain demand0 O# t0 t. }8 d7 q
across the city, causing average house prices to rise moderately. Toronto has
& o7 y( b2 [- d- V6 Z+ jcontinued to experience modest growth in average house prices, and has been( O$ C! |: o$ |, `/ g3 c
driven primarily by purchasers who are buying homes as their principle
5 N! Y2 P7 R4 B, G; V; Qresidence, rather than for investment.
2 Z+ S$ [. z' d0 I' ~5 A7 o1 \" A* {& r3 y: ?' d
The vibrant Winnipeg housing market continued to show its strength as
) k* d( M/ L9 Z* Z4 C1 K. Zhouse prices rose during the third quarter. The booming local economy resulted
& y3 f( F/ `/ q, b2 Q) }4 d! i# Cin a historically low unemployment rate, helping to bolster consumer! b# O4 L6 \" ^) c' u2 Y! J
confidence and Winnipeg's ranking as the city with the lowest capitalization
& N; g, r0 o" c' y% W& }5 T' mrate among the country's larger cities - helped to encourage buyers to enter5 f# ~8 X8 r7 Q3 i/ Q5 }2 U; b
the market.
9 ^3 X" M. R+ b+ \* T
- F+ x0 v. N" q6 B, I P8 R8 F% @ In Regina, the market experienced a slight seasonal slowdown through
/ R- b, l; p4 f* R9 MJuly, as there were fewer purchasers in the market due to summer vacations. In
/ \1 W! E7 \9 c8 Y1 n8 K) yAugust, activity resumed to the busy pace previously seen in the spring
- u3 o6 c/ ~/ r0 @months, as the influx of purchasers made it more difficult to find a home due
6 A4 ]' R* O, wto the shortage of available inventory.
- l; U- @; L5 ]8 l: o" L7 o4 s( b% [0 c
Activity in Saskatoon remained brisk as the market maintained its
- O: O0 {$ b2 {' imomentum from the busy spring sales period. The economy in Saskatoon remains
: c7 `2 X/ i. c$ G6 r% Kvibrant, as employment opportunities are abundant with many businesses
5 |. T+ K( O p' C1 B% f+ |* ~" i5 kstruggling to make hires and having to recruit outside the province.; k. Y8 E( j- S
# `3 L& F0 U! `, X' e! B3 ^ Calgary's housing market recorded blazing average house price increases
7 H9 H: T# ~) k5 O7 g( i# gin the third quarter, in all surveyed categories. The burgeoning economy, low
% C% j% N2 t7 p& e) h2 v Q( w9 ^unemployment rates and low inventory levels remained the leading factors that: n) u8 m9 d) A: f
pressured Calgary's house prices upwards. However, regardless of the soaring
8 T5 S/ k. F" L ?prices that characterized the market - even during the typically slower summer: f* A* I: o0 G: R
season - it is expected that activity will become slightly more balanced, as
/ ]' d+ y8 o4 `+ q/ G4 sbuyers are becoming more reluctant to participate in the frenetic activity.
1 d9 Q: p1 b8 h, e. c& N4 ]6 ]3 m! x+ ^9 x2 n+ ]+ \$ ~5 }
Edmonton's booming local economy continued to thrive in the third quarter
% {6 L; ?0 X" M% L9 J6 Zas activity in the oil sands north of the city continued to flourish. Edmonton- G8 F& R# q1 w; J, \9 e8 w, y
remained the hub of activity for those coming to work in the oil industry,
3 F1 X( g$ L1 t( l7 Ymaintaining tight inventory levels across the city, resulting in prices
* C; |* I" m" _9 S1 C- }" t6 ^increasing at record levels. However, as inventory levels continued to improve% ]7 ^( l% D. z0 W4 o5 Q1 {) O
in the third quarter the rate of price appreciation should moderate slightly% `" Q" ^7 E& f$ E2 |* X5 d
towards the end of 2006.
' Z0 \( {9 V% l7 q8 \7 G. \
% ^" j9 J0 x/ ^: q) o. i( ^While Vancouver has seen a slight reprieve from the severe shortage of% N# h1 |. r# R7 Q/ M0 J0 x- E
inventory that had previously characterized the market, supply is still unable4 @9 C& g2 U. j0 f! x7 S
to meet demand, driving house prices upwards. Vancouver has a very diverse
* S y/ f+ B3 [8 |& U4 w g9 ?group of active buyers - from first-time home buyers to baby-boomers to0 X! E( H/ Y2 Z( b/ ]
foreign investors - all of whom fuel the demand for houses, placing added- D# }; C0 `- D" u e4 e# D
pressure on tight inventory levels.8 m6 ^1 b3 ]. R' S/ b( l
7 [. S6 q' r5 ~
Victoria's market is vibrant and supported by strong economic
. F& {$ o( M9 x8 U4 kfundamentals, fuelled by a booming tech sector and a migration of young people
1 x0 g; O4 n# l' b) B$ Xinto the city that has continued to support the area's house price increases;3 b' Y* U/ A0 d+ p* l
while increased inventory levels have afforded buyers more time when searching7 x& E: z1 G2 u4 U
for a home, helping to normalize the market's pace.
+ E- B- t6 }% s4 [. {( b9 I0 _3 J* F6 b2 `# O
<<
: P$ I( ^7 g9 ^2 d1 ~! v- s* T Survey of Canadian Average House Prices in the Third Quarter 20065 D2 C G h" O- G& V* w
) z, r( K6 T" M
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8 o' N ^" Z: p7 A3 Z( v0 E, l Detached Bungalows Standard Two Storey( e& _1 [/ u/ J2 V
-------------------------------------------------------------------------3 a8 l |) w" H- _
2006 Q3 2005 Q3 Bungalow 2006 Q3 2005 Q3* r3 ]7 y9 u0 t% P/ B
Market Average Average % Change Average Average
4 K! V) c1 K# S* d -------------------------------------------------------------------------
' s& Z, G0 E& \8 T+ ^2 l Halifax 186,333 173,333 7.5% 198,667 199,0002 H' b, f9 Q$ u$ h2 P# y' @: u2 Q
-------------------------------------------------------------------------
J! {* Q7 L# J/ J7 C& r+ ^ Charlottetown 145,000 141,000 2.8% 175,000 170,000
) m3 K; ]+ G' V, P( \ -------------------------------------------------------------------------
3 ~7 F& \- \& Q: @9 ~9 i7 K% ] Moncton 135,000 127,000 6.3% 129,000 123,000$ w8 a; a6 |, y6 q- d7 E1 W1 S2 V$ D
-------------------------------------------------------------------------
* W( t" S, c( @9 b" A! H) W- _# W Saint John 141,200 142,900 -1.2% - -
, ? i. K8 x) o i7 [2 \) _! ^7 @5 V' v -------------------------------------------------------------------------
& ~2 ?6 A7 o8 l0 z5 a- `- l St. John's 143,667 142,667 0.7% 200,667 202,333
4 E# q3 t$ y& C$ R -------------------------------------------------------------------------# Z3 R7 Y% n9 s' P+ |! B$ |
Atlantic 150,240 145,380 3.3% 175,833 173,583
3 ]. x/ B. Q; X4 I, S; C) n* q -------------------------------------------------------------------------
* ]: ~7 F! d2 T Montreal 213,691 203,500 5.0% 321,141 316,1854 e( S# h& q6 G- l; s5 G" E6 M r
-------------------------------------------------------------------------
; W2 X, X. o+ Q0 a Ottawa 290,083 278,417 4.2% 285,667 273,250$ \9 d x1 \ D$ T. n
-------------------------------------------------------------------------- c5 K- `6 O; _( N) z, ~. v2 [: s- l
Toronto 373,368 355,882 4.9% 481,523 474,766
0 [" D& A/ M. m; T2 g- W& D -------------------------------------------------------------------------
$ }: _/ N5 t8 v* e8 A Winnipeg 181,579 159,860 13.6% 202,337 180,707
# ^: @0 G4 m7 |8 D, W# ~- k, z -------------------------------------------------------------------------
; A9 y3 }# e1 }* W6 D* P, v R Saskatchewan 170,667 156,083 9.3% 182,600 166,500% @/ q+ g' {9 {0 z7 Q" r& X: E
-------------------------------------------------------------------------
5 a- [, T% X7 q+ i Calgary 395,067 252,411 56.5% 405,778 264,389
1 [! x2 O/ f" i; B2 a -------------------------------------------------------------------------( C4 ~. o, j9 y: p8 Q! a
Edmonton 286,857 194,857 47.2% 316,429 206,714( \" f2 s) g3 O B! l' t
-------------------------------------------------------------------------
B9 i$ ]6 K% n% }% ?4 y, F) J Vancouver 704,250 601,000 17.2% 794,000 697,500
3 R# R: s) H& U5 Y% r' C' C8 \( E -------------------------------------------------------------------------
: o% G& t; H1 ^. x Victoria 375,000 348,000 7.8% 403,000 391,000/ U, T! l4 T5 p/ T. h9 | a2 U
-------------------------------------------------------------------------
8 a5 V8 a N7 X7 Z' \3 g National 300,365 258,202 16.3% 365,380 322,860" W+ F% t6 F$ c8 C9 d, \
-------------------------------------------------------------------------. i- T) W0 r3 K2 I1 B
+ O$ V- f( v! p3 A6 D' ~: H
-------------------------------------------------------------
8 h6 e8 o8 e8 _ Standard Condominium, S9 o0 l r5 O9 `- ^4 P9 S7 N
-------------------------------------------------------------
, }5 s# |! g' v( X 2-Storey 2006 Q3 2005 Q3 Condo. @$ p9 i. P Q O
Market % Change Average Average % Change) N# u- r2 p5 X5 s
-------------------------------------------------------------
" Q9 X7 N4 Y; O$ x6 m3 o, W5 d, z Halifax -0.2% 142,000 103,000 37.9%. v: y8 n5 ?2 K; S6 b+ @- B+ L
-------------------------------------------------------------+ p' R9 T$ C% i% }+ z2 E! }
Charlottetown 2.9% 98,000 98,000 0.0%( c5 C7 y4 U {0 T' Y% @
-------------------------------------------------------------
* z& \9 ~; U5 k J* r9 n; t Moncton 4.9% - - N/A0 M( q9 G2 ?8 D" O
-------------------------------------------------------------2 f& F. x( @1 A' Q7 c4 d5 P' @
Saint John N/A - - N/A0 }6 {8 @' g* V1 l7 X( t
-------------------------------------------------------------/ ]# P( g- Z/ w. Q
St. John's -0.8% 146,333 145,667 0.5%2 j% E- o2 C8 M0 I
-------------------------------------------------------------% T5 {1 @# C$ |
Atlantic 1.3% 128,778 115,556 11.4% i% Z5 G$ V2 \7 f1 k( ]
-------------------------------------------------------------
+ g1 y0 l' T) N* X5 | @/ Y Montreal 1.6% 193,190 188,016 2.8%
/ R' E: w& V* K. S -------------------------------------------------------------
- `. R( |/ Z: e' i, q Ottawa 4.5% 181,083 172,250 5.1%
5 ^; b8 d; U f -------------------------------------------------------------) W3 K( R, @( |. R' N+ m
Toronto 1.4% 252,088 242,918 3.8%! m, t) m5 s; u$ K6 [$ X- w5 K$ F
-------------------------------------------------------------
7 y8 ]7 A: K. z Winnipeg 12.0% 105,648 96,008 10.0%
. k1 P# A1 A1 v/ ?) B -------------------------------------------------------------" A Q# f0 J5 }2 c
Saskatchewan 9.7% 106,250 101,000 5.2%$ T7 z' K4 m; Z7 `
-------------------------------------------------------------& ]6 J* D# _+ x/ N1 [! r! }4 A
Calgary 53.5% 245,844 153,867 59.8%
" ]0 \: Z3 T9 {, R) z ~/ v -------------------------------------------------------------
9 `" B# }. S+ T5 O8 r: w Edmonton 53.1% 200,433 131,500 52.4%! ?% l# ] _! A0 f( B, s
-------------------------------------------------------------
3 `( u; b/ R) U! t2 `( f1 B" H! N+ e x Vancouver 13.8% 366,250 323,250 13.3% P9 l. X5 z! s( y; O$ p
-------------------------------------------------------------& g7 G: C5 ~& \# P! a1 g) M
Victoria 3.1% 229,000 220,000 4.1%* ^# |" q5 ^8 f& F# k7 q- w. K
-------------------------------------------------------------
- E+ D t4 H* g1 d7 R; e1 r/ C National 13.2% 211,562 185,296 14.2%) T' f% O+ S& [2 T, {
-------------------------------------------------------------
9 ~ ^ S! u+ w/ ]: Y >>: c- h5 @: y- e, {
4 B- w7 v# s2 \6 n( S
Average house prices are based on an average of all sub-markets examined
8 a3 E5 R! W2 l1 X7 u8 }. Z- Pin the area, except for the smaller markets of Charlottetown, Moncton, Saint
/ L7 }" @( i' g5 n0 }$ _2 I4 n) TJohn and Victoria.
% o/ ^% ^/ u2 ^- V# _; V
5 P$ e+ [+ |4 V! ~/ o The Royal LePage Survey of Canadian House Prices is the largest, most
. u$ W0 g$ ]; q6 r1 F- a. zcomprehensive study of its kind in Canada, with information on seven types of
; E; F6 x3 d2 O# M- j5 phousing in over 250 neighbourhoods from coast to coast. This release; o* n1 T& o5 A2 q6 X
references an abbreviated version of the survey, which highlights house price
2 A" ^; k0 p& |6 H" v( Z# |trends for the three most common types of housing in Canada in 80 communities7 j- f# F6 P) }; V0 A7 K
across the country. A complete database of past and present surveys is; s' s, t( [9 n$ M3 [) u# u
available on the Royal LePage Web site at www.royallepage.ca, and current
" k: H: @9 E9 A3 y0 ^% Dfigures will be updated following the end of the third quarter. A printable- D1 `% A) @- m6 C! W
version of the third quarter 2006 survey will be available online on
) T4 ]" C, f; s/ _) z# LNovember 15, 2006.
+ Q8 ]/ S, r! F4 i0 w4 E: \8 Z Housing values in the Royal LePage Survey are Royal LePage opinions of
) y7 H0 y: g, j$ yfair market value in each location, based on local data and market knowledge# f: Y7 A% H3 i$ x( |% k
provided by Royal LePage residential real estate experts. Historical data is
9 e3 F, O0 U$ q$ S2 d; savailable for some areas back to the early 1970s. |
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