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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
+ j3 {: \! s4 X% G. a; g3 C& `1 h/ u1 O) O& I$ K/ g7 d) i
- Country's market poised to show growth throughout 2006 -$ W8 Y9 E6 q5 C9 n0 d9 k$ ?2 j0 U

7 C! q- @, _4 m$ F. @    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market
3 D5 h! u  m  y2 l# }) ]2 oexhibited moderate price increases and stable unit sales during the third% r: n; F/ e/ D# y3 A5 `0 m
quarter. Wide regional variances continued to be the dominant characteristic
( |& p& ]! `: R; d; a  d4 win the market, exemplified by frenzied levels of activity and double digit+ Y( ?& G- [( T, k0 z
price gains observed in the energy and commodity rich Western provinces, and. x) G/ {% P* ^% j3 n0 b
more reasonable sales volumes and moderate price appreciation in Ontario,
* b5 g! R& z, hQuebec and Atlantic Canada, according to a report released today by Royal# o7 g: _8 G' S5 ^* ?
LePage Real Estate Services.
- {( `5 V" {) k# j8 V2 N8 c4 X0 Z$ D4 h  ]9 U9 Z
    Nationally, market trends established through the first three quarters
& b4 z8 U  ~* i" uare forecast to continue for the remainder of the year. Robust economic
, [- e1 g- M# S' c0 lconditions, low unemployment rates, modestly growing salaries and wages, and
! O8 l; `- q3 S0 D' Esound consumer confidence contributed to the overall strength of the
# m8 m( Q* @) n7 g2 O4 x. Fresidential real estate sector.
9 p6 Q* I2 y( O
8 D4 R4 Z9 u: ]. V6 b" \    Of the housing types surveyed, the highest average price appreciation
" v  y/ o9 h7 noccurred in detached bungalows, which rose to $300,365 (+16.3%)
2 k' [* g6 e' w& g3 o5 h1 ?: Kyear-over-year, followed by standard condominiums, which rose to $211,562
) G7 b5 `4 `0 e(+14.2%), and standard two-storey properties, which increased to $365,380
1 d1 l( i) O; C(+13.2%).
5 C% W4 j% o# M4 d0 P: X  F4 D/ U* _( Q& q) @
    "Canada's sturdy housing market continued to demonstrate steady growth
" w4 _  g" g& a- l5 N- o# G% w) T! Pduring the third quarter. For all but the west, we have moved on from the
# ~% _% K  }( E# A/ k3 Lfrenzied expansion that characterized the first half of this decade, and are9 a, s% C- S. t% ~  K$ R2 v
poised to show continued growth at a more moderate pace," said Phil Soper,- D" I" t/ G0 T5 b
president and chief executive officer, Royal LePage Real Estate Services.
) @; s" y3 j2 h& H"Gone is the sellers' market that we have lived with for some years. We
3 z! z. N2 b+ y& F( Z2 Qwelcome the more reliable conditions that are characteristic of a healthy
" Y. |( f& b! F# mbalanced market."
; O0 `/ e* D: T- e' S7 Y
' Y. u4 N/ @, L) R0 Y    Despite the double-digit rise in average national house prices,
( f+ q1 _! K! D  K: [% Yconsiderable regional variances were exhibited again this quarter. The shift
/ R0 _3 a* `! F( w# s# Wto balanced market conditions, which began in late 2005, has continued
5 }0 A: @8 O! x8 xthroughout most of the Central and Eastern regions of the country. In the core
+ u' D3 N6 F) U: \; Q9 O+ G& e; xenergy producing western provinces, the combination of very high in-migration,
8 k3 E% i7 O7 N8 ^" e+ tmanageable affordability, and a shortage of inventory has driven record
* E4 G9 |$ N# L8 bbreaking price appreciations.
4 B( k9 m2 ]$ e5 c6 C* r) j: D! v9 a2 r* M1 p
    Echoing the second quarter and supported by Alberta's rapidly expanding9 F/ F0 Z1 x; l1 p/ h* c, S  H
economy, Calgary and Edmonton led the charge of Canadian cities with the1 a5 L( H' M5 a0 O8 j9 V
largest house price appreciation in all housing types surveyed.
0 Q) Z& v! X0 S4 V# D+ Z/ X. V9 n9 M1 u! F
    In Ottawa and Toronto, growth remained steady, supported by solid1 Z+ S: J" q- W2 v
economic fundamentals, an increase in available inventory and strong consumer6 R/ V& e, D8 W$ E; I
confidence. While the pace of price appreciation in Ontario leveled off
- Z* i: b0 p# n9 {4 t/ q, K& r8 o6 cslightly, the province's real estate market remains poised for modest growth.. i4 r' G2 ~6 g
In Atlantic Canada, new housing and condominium construction offered buyers
% p& @; B, [: {4 p4 [. u- Y2 ^greater selection at more competitive prices, resulting in a slower rate of( c* |" l1 H9 y
price appreciation when compared with 2005.
- F8 @1 ?, q& O8 p3 m6 m* R) |
  {5 w* g* G. r$ j+ G' u. U7 I( @    While the pace of growth in Canada has slowed, the domestic housing
8 m5 ?6 ~6 r. `+ T' f3 amarket is expected to outperform the American market. The economic and
; d0 q7 |( e4 C) P3 kfinancial fundamentals driving the residential real estate sector in Canada8 V1 }8 G; d+ Q7 h
are markedly different than those found in the United States.+ h6 o$ A5 O! @
1 F, x) M" n/ V# n/ i: S* T
    Added Soper: "Canada's housing market is likely to outperform the! X; l& F2 L' t  O' F9 I1 G
American market through 2007. A number of factors are working in Canada's3 K& {! v. C0 W4 r+ j" Y
favour, including healthy personal and governmental debt levels, the4 T! U. g% J$ t$ M7 B! N
relatively modest rise in interest rates in our country, and general: v  d1 a) X. k
affordability in our major cities. In addition, Americans are now seeing the
2 J+ V2 \4 i  [/ Y  j4 o$ R" cdownside of a tax system that encourages maximum homeowner leverage, and
' w5 E1 F4 K6 w) i  Z  baggressive financial products such as zero- and negative-amortization
0 R, }7 R3 T( S2 F) u8 \mortgages that work only in a high price growth environment."8 S2 W" H5 {4 k
5 E( u1 q: n- j
    <<4 g( q: w2 W1 e$ s, o0 ?
                             REGIONAL SUMMARIES" M3 E: O! w/ |: _2 }% w
    >>! X" _3 o- r0 m! |3 B

' m: ?1 F8 [+ ?    Balanced conditions continued to characterize the housing market in
1 C$ r( y: S/ W1 m2 Z7 u/ |Halifax, as significantly higher inventory levels helped to moderate the rate
! T. N7 T! Q9 e' [; cof price appreciation. Buyers were increasingly choosy, taking more time
% S/ Y3 s" A5 {4 f. Jlooking for newer, low-maintenance properties that were not in need of
, e$ L1 J( {9 H, P3 X" R# hrenovations.9 x6 O/ A8 @& ^* e7 ]; t; n1 q
& t5 J+ Z$ N) _% C: c& E
    The housing market in Moncton remained healthy and strong as a slight
. m# a5 e7 A) D* i6 C( @1 qincrease in inventory helped to moderate the rate of price appreciation
8 y/ ?2 ?) D- H" d% X4 N3 g, {$ H4 s  Ocompared to the same period in 2005. Activity was brisk throughout August and
4 v. c' {! k9 ?" [September and is expected to remain this way through the fourth quarter.
0 K$ G$ c8 E9 U
: J2 }& M& a: k. O5 c/ H    The housing market in Saint John underwent its traditional summer
, L" `2 a+ L9 J% d' \4 vslowdown in the third quarter, with activity picking up towards the end of the8 n- Z$ k6 c8 Q" T! s
quarter. The local economy continued to thrive, as construction on a new
3 ^# p+ X2 T8 {/ }  b3 M/ R600,000 square-foot shopping area has begun, bringing several new box stores
, F! Z+ y* ^- g* }1 n. @" gto the area. Buyers have begun seeking less expensive fixtures for their homes
; D, Y- ?- V1 d5 g- u/ uand are instead opting for more affordable housing options.( Y! f% v  [/ J' q. y6 I6 }, t

" B+ y, y2 K) }    In Charlottetown, the housing market started to move towards balanced' s4 ^3 v' |; ?+ a' Q  I2 E% U4 H
conditions, as some sellers had to begin to lower the asking prices on their
( \; b: |$ j6 N+ b- h9 lhomes to make them more competitive. Activity from out-of-town and US buyers
- \! g1 o" {4 X& w7 o1 S, {. Vwas down slightly compared to 2005, likely attributable to the strong Canadian( t: Q8 `) b7 u- l3 o+ i
dollar. Inventory levels began to creep up in the third quarter, providing7 ?5 f7 @0 A" J9 M5 T# B
buyers with more options when looking for a home., _: a: I' p8 g! q1 s$ H% q
1 i' @+ n" j2 p1 ~
    Activity in St. John's slowed slightly in the third quarter, particularly2 a: f; c+ ~2 O" b' S
among higher-priced properties, where there was a slight over-supply of homes- S) y4 S8 g9 l2 `
priced over $200,000. Listing periods have increased when compared with 2005,. Z) b  z" A5 K3 Q6 }0 L/ t. r* y( i
as some of the pent-up demand that had characterized the market over the last+ v$ P" a# D. M* ], o( `
few years has been satisfied, resulting in more normal, balanced conditions.9 w$ Y% z6 s8 D

0 o3 \2 G6 _: r& M$ _    Montreal's housing market recorded modest increases in average house
4 v; ^7 H* I0 v* Nprices, due to a slight seasonal slowdown in the third quarter as inventory
& a( _  A' G+ ^8 U  R" _levels rose. Part of this can be attributed to the fact that many renting
$ e$ w+ U: ^7 V$ t: x- h2 Cfirst-time buyers were motivated to close on the purchase of a home by July 1,
# A1 y3 i( o+ V' z, twhen rental leases expire in Quebec. Once this date has passed some of the
: S2 \0 u! E. kpressure is taken off the market, allowing buyers to visit more homes before3 f' W2 j3 p9 P
making a purchase.) S4 Y  l# ?# y  c; L4 O4 f
( Y+ l4 i2 `2 q7 e
    Ottawa held its position as one of the country's most stable housing4 N; j% \# k% \" M% T2 A" i
markets in the third quarter, reinforced by a vibrant local economy and strong
2 R) r, t& Q, sconfidence, resulting in modest increases in average house prices. The city
5 b( L" O) h' C* W: F) O: C. Z9 V% Xcentre remained a bright spot in Ottawa, with homes in this area attracting0 J- q7 w+ ?5 T  E/ j  c2 u% G
attention due to their convenient location and proximity to downtown( o* W, @: m. [9 j* g7 F
amenities.+ A! q' o! f( e& T8 k5 _
; ^* F7 x+ e* T5 i0 i
    The housing market in Toronto sustained healthy activity levels
' Y  c# b% Y) t" J1 Ethroughout the third quarter, as a strong economy helped to maintain demand5 Q/ u1 @3 f0 ^& p$ Y2 b" W
across the city, causing average house prices to rise moderately. Toronto has+ g5 d( g& L. I% X! S  L' @! B
continued to experience modest growth in average house prices, and has been
2 q$ T% G* b5 X" ]3 c; sdriven primarily by purchasers who are buying homes as their principle
# [" b, S6 q4 v- R/ f! [residence, rather than for investment.
  F$ d& _% _% Y$ [+ P9 l$ p
4 R- l& x8 [! x5 }  w    The vibrant Winnipeg housing market continued to show its strength as5 F3 x8 L; O3 l: k
house prices rose during the third quarter. The booming local economy resulted
$ Y2 L6 Y- B" H- P. _! Z6 [in a historically low unemployment rate, helping to bolster consumer7 {# `! Y  Y$ B. b7 R: M) x
confidence and Winnipeg's ranking as the city with the lowest capitalization
' @+ T1 a; a! R  h# F2 a, T  crate among the country's larger cities - helped to encourage buyers to enter
+ M( _" G* h% G- Athe market.
! p+ l7 c& m; R$ D  E& [6 k; I( [5 L% t' @
    In Regina, the market experienced a slight seasonal slowdown through
( {2 l5 s1 T( E+ w1 wJuly, as there were fewer purchasers in the market due to summer vacations. In
: o: w/ f# i' l1 {$ q9 H& vAugust, activity resumed to the busy pace previously seen in the spring& E6 p3 h" o0 m2 u$ S
months, as the influx of purchasers made it more difficult to find a home due% k. ~5 S6 u9 o* F& J" q$ g
to the shortage of available inventory.) O' S2 B8 E' K' U

  [2 X  g+ i  k/ Y) [! r! W    Activity in Saskatoon remained brisk as the market maintained its
1 p6 A' i& `+ k9 Q/ Kmomentum from the busy spring sales period. The economy in Saskatoon remains
  c% g' `9 Q, nvibrant, as employment opportunities are abundant with many businesses" ?/ L2 \- r7 B. u! q5 n
struggling to make hires and having to recruit outside the province.; Q# S* Q4 q  t7 V; X
7 M# ]9 V! K8 y6 w8 t* n( G. g1 Z
    Calgary's housing market recorded blazing average house price increases
# g+ R0 D* g# ?& U! f- y# Kin the third quarter, in all surveyed categories. The burgeoning economy, low( D4 R  w. b" S1 F+ P, S1 `
unemployment rates and low inventory levels remained the leading factors that3 u5 k6 n2 A1 ^6 Z4 f
pressured Calgary's house prices upwards. However, regardless of the soaring' Q) |' M5 A# h
prices that characterized the market - even during the typically slower summer
8 c. S! e! U" _9 Nseason - it is expected that activity will become slightly more balanced, as& [: O+ R7 X% h* k9 {
buyers are becoming more reluctant to participate in the frenetic activity.

3 f. A8 W  i( o) a. W# [( t0 N0 }  a5 L8 `1 z
    Edmonton's booming local economy continued to thrive in the third quarter  E6 X# h# n: _" `0 z4 K! J+ S; `
as activity in the oil sands north of the city continued to flourish. Edmonton
8 n0 y2 @- Z( y0 Y# Wremained the hub of activity for those coming to work in the oil industry,
2 _# |) M2 r' E0 m9 y9 O) u( G, Nmaintaining tight inventory levels across the city, resulting in prices
4 o: ~+ v& f! ?+ Pincreasing at record levels. However, as inventory levels continued to improve8 [: O2 {8 n1 ~7 g7 k" [4 H
in the third quarter the rate of price appreciation should moderate slightly4 e( E  e/ t5 g% ]/ k1 L8 u! F
towards the end of 2006.
    & \: _: b' y' P8 r6 c
7 t% G) o8 @. D- O" E& J3 F
While Vancouver has seen a slight reprieve from the severe shortage of' }- q7 W6 W' m9 `# ?8 Q
inventory that had previously characterized the market, supply is still unable
/ z2 ?5 L' Q, |8 q# o; ?  b  zto meet demand, driving house prices upwards. Vancouver has a very diverse* k4 k  E6 P; Y9 e6 L+ r
group of active buyers - from first-time home buyers to baby-boomers to. Y: L: E( D( ]  M
foreign investors - all of whom fuel the demand for houses, placing added
& G! b8 Z3 z0 v7 i0 p; ~9 epressure on tight inventory levels.
# g! D5 E; S7 I# \9 Z- l/ l, ^' D- i. O$ S) h- N" F8 p8 H( }
    Victoria's market is vibrant and supported by strong economic
& ^* Y" y4 ~  X& y- B3 t$ Rfundamentals, fuelled by a booming tech sector and a migration of young people5 R2 X6 y" c7 h$ l
into the city that has continued to support the area's house price increases;% S) G! p3 l3 w* N3 `
while increased inventory levels have afforded buyers more time when searching/ E# e5 K. K+ l, D5 G! m2 U. Z
for a home, helping to normalize the market's pace.& o* g' o/ u0 |2 s5 u4 E; w6 j

- D! l6 e" O/ _- w    <<  }+ R1 Y: \/ L
      Survey of Canadian Average House Prices in the Third Quarter 2006
1 E: I+ [4 g( G2 x8 L$ f6 S) C. b
; e. ~2 ]/ d3 R1 Y& A6 w9 D# Q    -------------------------------------------------------------------------
  `% u& @3 k$ }9 d                 Detached Bungalows                Standard Two Storey! u' R: P: Y, ?  P
    -------------------------------------------------------------------------
6 ^$ h, B% O0 K  k                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q3
. N" Y; X+ Y6 N. o; Y. f    Market           Average     Average    % Change     Average     Average
' j( Y, }; v. e) h8 i    -------------------------------------------------------------------------
$ G: [; x! `+ L) _8 z3 y    Halifax          186,333     173,333        7.5%     198,667     199,000
; r6 I/ i0 @6 B; j    -------------------------------------------------------------------------
" W' x3 i# `  d$ g, N' ^+ o; R$ n    Charlottetown    145,000     141,000        2.8%     175,000     170,000
1 m- L8 r; A" w! o4 o5 C- E3 i    -------------------------------------------------------------------------" o, O- {8 g" m1 G
    Moncton          135,000     127,000        6.3%     129,000     123,000+ i: y4 ?6 h5 W7 @$ t
    -------------------------------------------------------------------------
, ^4 u8 Y2 `2 h* n, E* H    Saint John       141,200     142,900       -1.2%           -           -
2 s  J0 j/ y5 J6 x6 s$ n    -------------------------------------------------------------------------6 ?8 H  t+ [' \0 ^  B5 z! q
    St. John's       143,667     142,667        0.7%     200,667     202,3331 j/ h0 w+ }  i6 A; C$ a
    -------------------------------------------------------------------------
4 x3 H5 C  U- Z! l& m8 `    Atlantic         150,240     145,380        3.3%     175,833     173,583
1 d2 p# ?: y3 n" B' m  u) E0 z# G    -------------------------------------------------------------------------
2 M6 ~+ c0 o+ w1 ?    Montreal         213,691     203,500        5.0%     321,141     316,1858 h8 @+ `+ S' P* r% v5 k$ A
    -------------------------------------------------------------------------
% |5 S/ e1 x1 `: b% Q6 I    Ottawa           290,083     278,417        4.2%     285,667     273,250/ @) K4 S% x. K1 y
    -------------------------------------------------------------------------
7 Z; ~( k# r2 d* @7 E% X" u    Toronto          373,368     355,882        4.9%     481,523     474,766
& S8 B1 Y. L: s' N- _! I5 O    -------------------------------------------------------------------------
' P- Z: }/ x- A6 O2 Q    Winnipeg         181,579     159,860       13.6%     202,337     180,707( y4 V0 ?$ }9 J7 S: f; n
    -------------------------------------------------------------------------" Z7 z6 i( t! Q' A
    Saskatchewan     170,667     156,083        9.3%     182,600     166,500/ g9 z' q7 C' v2 k# I5 A
    -------------------------------------------------------------------------
( W1 j/ T/ m8 \# N& S    Calgary          395,067     252,411       56.5%     405,778     264,389- X) ~4 V( @7 l6 O/ l$ s% H$ N& Z
    -------------------------------------------------------------------------
) s1 l5 Q# f' Q$ Z! ^    Edmonton         286,857     194,857       47.2%     316,429     206,714
3 @: ~4 @6 k: H    -------------------------------------------------------------------------1 g8 _( D- [% H  F0 p3 }) G+ e3 O
    Vancouver        704,250     601,000       17.2%     794,000     697,5003 P2 o6 g! t) k3 S" H# r  a' u! U
    -------------------------------------------------------------------------- d4 {7 {4 l2 N4 p# f+ q
    Victoria         375,000     348,000        7.8%     403,000     391,0007 K: @# @/ j* k$ Z2 t2 @: p+ r
    -------------------------------------------------------------------------8 O9 |9 q; ^- s; g
    National         300,365     258,202       16.3%     365,380     322,860  a$ N" e+ V+ {3 n3 x( o; U1 u) B! l
    -------------------------------------------------------------------------3 T. ^/ [9 G7 P2 y+ y' U

, r' n  p) u; [    -------------------------------------------------------------7 j% z- H( X9 i1 T0 \
                               Standard Condominium# g. S8 o( y) z/ i; Y! n
    -------------------------------------------------------------8 R$ S, v6 X- [" K
                    2-Storey     2006 Q3     2005 Q3       Condo
% ^9 c- A+ Y* ^9 @, m1 T" M( s    Market          % Change     Average     Average    % Change, F: B: b; Y9 Q0 A
    -------------------------------------------------------------! P* h& _& d2 U" H: d$ M' Y
    Halifax            -0.2%     142,000     103,000       37.9%4 M: d! `% E0 _  ^1 T) y  T+ B
    -------------------------------------------------------------; t5 V% D/ C2 r! K: a
    Charlottetown       2.9%      98,000      98,000        0.0%
- d" O+ N0 P; E) |  S# E( p    -------------------------------------------------------------
/ d' o2 q- c# `5 n1 h5 c    Moncton             4.9%           -           -         N/A
2 T$ b( g! j: o    -------------------------------------------------------------$ w' G! o  m) `4 F
    Saint John           N/A           -           -         N/A7 t- |/ f  K, q* E; t5 b6 B
    -------------------------------------------------------------8 q$ @& Q( c1 C0 e; R6 a+ A
    St. John's         -0.8%     146,333     145,667        0.5%  {# @, ^( C# k2 D- S9 L
    -------------------------------------------------------------  B% p2 @3 I0 k8 s- f
    Atlantic            1.3%     128,778     115,556       11.4%
& h& u) E6 j7 @, O$ t1 x    -------------------------------------------------------------* ~7 b0 C* \2 ]6 h) t# p
    Montreal            1.6%     193,190     188,016        2.8%- K6 Z  K8 I2 o  Q  b8 W0 V  L" n
    -------------------------------------------------------------
% U9 G% ?+ }7 X! q) F+ S8 B    Ottawa              4.5%     181,083     172,250        5.1%8 a( s3 ^" [6 _8 I
    -------------------------------------------------------------' R; Q! ]: N1 e8 j: N! A  @
    Toronto             1.4%     252,088     242,918        3.8%  z7 P. i; Z9 U. f9 m
    -------------------------------------------------------------* Z5 q" O2 X+ V- O, V2 W
    Winnipeg           12.0%     105,648      96,008       10.0%  I8 S* [! ~, Y' R' E8 R% X
    -------------------------------------------------------------
/ u; ?+ [. T0 X4 m3 e+ O3 @    Saskatchewan        9.7%     106,250     101,000        5.2%/ j8 T3 l. k/ B2 \
    -------------------------------------------------------------& J2 D' r0 U( b- E
    Calgary            53.5%     245,844     153,867       59.8%: c, K- m9 m  q4 V9 w: r
    -------------------------------------------------------------
, ^5 E" ]+ A# o$ a! }. }2 u    Edmonton           53.1%     200,433     131,500       52.4%
9 n* L& t8 ?/ O6 V5 q+ }8 n, m    -------------------------------------------------------------* ^" e3 y# {/ }7 y, N  b
    Vancouver          13.8%     366,250     323,250       13.3%
" N: M+ D( X% w! P5 m" a; z    -------------------------------------------------------------
- }3 U, G2 \0 n$ l2 D  N    Victoria            3.1%     229,000     220,000        4.1%
2 f7 l1 o5 s- v6 Q$ ]1 T( o    -------------------------------------------------------------' D* T% v' c- o
    National           13.2%     211,562     185,296       14.2%
1 a$ ^) N; L; y    -------------------------------------------------------------
0 k9 V4 h* W3 ?% U, m9 \    >>5 m6 l5 r3 p; J: P% W$ B

0 z! n3 k0 {3 ]* {$ y# [    Average house prices are based on an average of all sub-markets examined
' ?$ ^5 ~8 Q& @' |! {in the area, except for the smaller markets of Charlottetown, Moncton, Saint
, N9 |- N- r( A% w: Q  k7 QJohn and Victoria.4 ?) c& c, ~' O
1 e" V6 q( \" s+ [5 x% u) [
    The Royal LePage Survey of Canadian House Prices is the largest, most
- k4 _5 a$ V/ x% Q" ~) |, @  ?% Scomprehensive study of its kind in Canada, with information on seven types of
3 _) \! U: z6 \; \9 thousing in over 250 neighbourhoods from coast to coast. This release8 N4 X( z' _, e1 |. C  |
references an abbreviated version of the survey, which highlights house price
' [6 _, |! Y/ C5 e0 I9 t+ R# }trends for the three most common types of housing in Canada in 80 communities7 n2 u4 \7 z" I
across the country. A complete database of past and present surveys is
2 U& h& X% D8 e3 E# I1 Kavailable on the Royal LePage Web site at www.royallepage.ca, and current; ^- U2 _! W4 d" a9 s5 O& H6 C
figures will be updated following the end of the third quarter. A printable
+ S8 W8 X) L; M& I$ X8 _5 \  X5 \version of the third quarter 2006 survey will be available online on  }" q/ H; z7 [& n) K) c
November 15, 2006.
! U$ k/ ]; q/ |, V* o. p+ Y  S    Housing values in the Royal LePage Survey are Royal LePage opinions of3 [* ^6 _! [) f, b
fair market value in each location, based on local data and market knowledge
7 o: g6 N* _7 q6 w* {( f8 [; Wprovided by Royal LePage residential real estate experts. Historical data is
) h  C' V2 ?" Wavailable for some areas back to the early 1970s.
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