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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 : M9 f) q0 |) j* a8 [3 E

9 C* [( C) x9 P# C2 D- {2 I- Country's market poised to show growth throughout 2006 -
: J6 B. m2 S1 R
! M& @- G! Y1 S. u. F    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market
) H' y2 y. t7 d6 \exhibited moderate price increases and stable unit sales during the third) P" t5 t* @3 I
quarter. Wide regional variances continued to be the dominant characteristic" \  p* Q* Y* g5 i, @* b
in the market, exemplified by frenzied levels of activity and double digit) ?: V+ p8 A+ C1 y3 C
price gains observed in the energy and commodity rich Western provinces, and1 M( D. c# `5 J8 x
more reasonable sales volumes and moderate price appreciation in Ontario,
# I9 c9 U- e4 p/ zQuebec and Atlantic Canada, according to a report released today by Royal* y$ p3 ?8 ^- i; w. Q  J5 t! [6 h5 S
LePage Real Estate Services.
- O3 T& L$ ?3 H' Y5 X# i% r" n8 @6 j- b3 L- \1 T6 W
    Nationally, market trends established through the first three quarters
& b* I* D, T7 _2 Iare forecast to continue for the remainder of the year. Robust economic# I9 e& y) O# ]" W6 g( t
conditions, low unemployment rates, modestly growing salaries and wages, and: c' ]/ F5 E6 k  K3 G
sound consumer confidence contributed to the overall strength of the6 {5 C$ k+ K* `/ g7 T. r; c$ h0 T
residential real estate sector.
5 m- S- Q. U5 [, _4 C; S5 p" g. r+ x
    Of the housing types surveyed, the highest average price appreciation
. q: _& p" X0 ^occurred in detached bungalows, which rose to $300,365 (+16.3%)
3 E; K7 [# a- @) n" ]1 \8 byear-over-year, followed by standard condominiums, which rose to $211,562$ o) o4 H: x0 H! s) V8 R
(+14.2%), and standard two-storey properties, which increased to $365,380
; w0 e" \' ?1 ]) j& ?(+13.2%).% y! r, [/ ?1 H' m: f  Q( ?: k
; ^+ o& g# i3 A: D
    "Canada's sturdy housing market continued to demonstrate steady growth
$ f* B0 Z7 J4 E) j- x/ kduring the third quarter. For all but the west, we have moved on from the4 U) @, ^# F" f2 ?6 P7 a
frenzied expansion that characterized the first half of this decade, and are& ^! R. i9 X$ v' C
poised to show continued growth at a more moderate pace," said Phil Soper,- j8 S2 Z' R/ Q" L( F2 U. E& l
president and chief executive officer, Royal LePage Real Estate Services.
8 O% V. K+ M; O"Gone is the sellers' market that we have lived with for some years. We, M" ?6 x/ E" K; ^' ?* j
welcome the more reliable conditions that are characteristic of a healthy
: l" x* F' I, z* Lbalanced market."' h% m4 I+ K+ N2 y4 K2 s
* J2 X( J  f" \6 h/ r  }
    Despite the double-digit rise in average national house prices,
# }& e2 v( O$ x' u  V: x# tconsiderable regional variances were exhibited again this quarter. The shift
9 O" Y# Z* M# S/ f. \) y% tto balanced market conditions, which began in late 2005, has continued' I: T& O" n" G2 L9 U8 Z8 ?
throughout most of the Central and Eastern regions of the country. In the core
* O; F/ ^( q& G9 |2 I6 ^2 q7 jenergy producing western provinces, the combination of very high in-migration,
$ i$ c$ ]2 i1 D7 W' e  Kmanageable affordability, and a shortage of inventory has driven record) T: ]4 J* c9 r+ o3 S9 G7 v
breaking price appreciations.
; c* V; y  r0 Z- q& U/ w. ?7 ]
  g( P% \/ ^! \6 B. I; I% A! ~    Echoing the second quarter and supported by Alberta's rapidly expanding2 ?* q2 [. o- K7 U6 S# V8 C' q5 g
economy, Calgary and Edmonton led the charge of Canadian cities with the' ?! O8 E, O' f
largest house price appreciation in all housing types surveyed.
: W7 D8 w2 ^8 I& z0 S
2 t5 J5 e% W" ]4 h' p    In Ottawa and Toronto, growth remained steady, supported by solid' i1 C7 I; o  Y1 n1 y2 Z; m
economic fundamentals, an increase in available inventory and strong consumer4 I" b5 \# |- M6 C4 a4 u
confidence. While the pace of price appreciation in Ontario leveled off
$ h' F% n+ o4 bslightly, the province's real estate market remains poised for modest growth.
4 j6 r$ ~! C2 f% B/ VIn Atlantic Canada, new housing and condominium construction offered buyers
9 O1 A; y2 W) I5 G; [/ l% Pgreater selection at more competitive prices, resulting in a slower rate of
2 H+ N  |0 C9 E# jprice appreciation when compared with 2005.% A) V/ ?* @- M. h7 y7 O

3 a- l9 v- J* w    While the pace of growth in Canada has slowed, the domestic housing# }, x4 m( V" _9 y9 \
market is expected to outperform the American market. The economic and* @" o- S, J* k' `0 w
financial fundamentals driving the residential real estate sector in Canada
" p3 t0 B8 x; b( V) b- \! eare markedly different than those found in the United States.
! `  Y  M3 ]+ W9 h2 \, C2 w
$ v8 U5 u" y" }, J    Added Soper: "Canada's housing market is likely to outperform the/ P" K& k, ^& d" ?3 P2 K! v* ~
American market through 2007. A number of factors are working in Canada's
- [. Z5 u2 r+ u; B$ G: A& Ifavour, including healthy personal and governmental debt levels, the. C, H, t9 p+ T6 U& k. u6 c4 r
relatively modest rise in interest rates in our country, and general3 M7 E' Q" U" k! X8 i. m+ f( ~. z
affordability in our major cities. In addition, Americans are now seeing the
4 p- Q8 \9 H8 e2 B  P5 v0 B$ Ydownside of a tax system that encourages maximum homeowner leverage, and
# n! K! U/ G2 `$ C( k; o/ haggressive financial products such as zero- and negative-amortization
8 E# T) G' E0 Nmortgages that work only in a high price growth environment."7 Q7 H7 ~& f" N: E

( ~- R, [# d9 r8 m. j" Q    <<0 K6 c5 T% L! q# S5 _
                             REGIONAL SUMMARIES0 ~6 z) S2 w; n0 [( D7 H
    >>
. ^$ P% j; f4 U/ F7 o& T0 }$ P9 o/ V& v. g% {& M1 o- P7 `$ C" U6 q
    Balanced conditions continued to characterize the housing market in& f/ `5 [# O$ M! t  a) T$ U
Halifax, as significantly higher inventory levels helped to moderate the rate
% w7 ?2 S$ m( Z" g- ^2 zof price appreciation. Buyers were increasingly choosy, taking more time% J1 `) _" m1 j' @5 h- u! `$ u  g
looking for newer, low-maintenance properties that were not in need of
" `$ R5 ?0 s" \2 j6 I# srenovations.
6 \! Z* f- c/ U) a8 I7 O
- [# Z- N8 ]$ u3 |1 e    The housing market in Moncton remained healthy and strong as a slight3 }8 e. d( {' `; }* _
increase in inventory helped to moderate the rate of price appreciation* G# I9 l1 A' F) H% [
compared to the same period in 2005. Activity was brisk throughout August and
, o. H" ?6 K' z- }  w" D( Z2 oSeptember and is expected to remain this way through the fourth quarter.; D. w% b& r5 d; ~+ ^* r
2 x; [! P! }: ~' d
    The housing market in Saint John underwent its traditional summer8 j1 s0 X3 h: V8 ]
slowdown in the third quarter, with activity picking up towards the end of the+ c; I4 ~$ m* M" m& Z8 S, U
quarter. The local economy continued to thrive, as construction on a new
3 V$ a* _& F# v  f600,000 square-foot shopping area has begun, bringing several new box stores0 q/ U- ^  h/ Q# r* J
to the area. Buyers have begun seeking less expensive fixtures for their homes3 J, r7 q0 a* Y5 u4 H% O
and are instead opting for more affordable housing options.: j3 p, v4 q+ H' L/ Y% X& Z& S
- W( m+ C" S! V
    In Charlottetown, the housing market started to move towards balanced
/ z/ E7 \3 J" W# |& _5 P9 Wconditions, as some sellers had to begin to lower the asking prices on their
# @$ M$ y, k0 Q  ?7 J, Yhomes to make them more competitive. Activity from out-of-town and US buyers0 d* d- G- b/ p, F+ @" _4 Y, L
was down slightly compared to 2005, likely attributable to the strong Canadian
$ S3 g8 H  j; D, y7 d& hdollar. Inventory levels began to creep up in the third quarter, providing# Z3 p% V; ?6 W8 T' ]
buyers with more options when looking for a home.
$ H! }' F& g3 Y1 Y2 k- H' \
( Z4 {* ^' w$ n  Q9 e. r7 U  [    Activity in St. John's slowed slightly in the third quarter, particularly# ?+ e3 s( c: V% L0 m" L: t
among higher-priced properties, where there was a slight over-supply of homes
) a- k8 I/ v1 R) {- \priced over $200,000. Listing periods have increased when compared with 2005,
0 Q: \7 j5 B1 _as some of the pent-up demand that had characterized the market over the last* a; }/ k1 W6 K' z0 N4 o2 T
few years has been satisfied, resulting in more normal, balanced conditions.% \' v# `$ s/ ]3 A+ a" A. x
, `9 {, q: T* _2 Q: Y- P
    Montreal's housing market recorded modest increases in average house
9 Z6 w: N/ K! |0 d1 f# \prices, due to a slight seasonal slowdown in the third quarter as inventory
. z$ S( v- O% B, Y: U) t9 G0 Alevels rose. Part of this can be attributed to the fact that many renting- I" X! F6 Z: |' L1 [0 v
first-time buyers were motivated to close on the purchase of a home by July 1,! y7 v  [$ K) A
when rental leases expire in Quebec. Once this date has passed some of the2 k. o, h  E/ B& X( t1 n
pressure is taken off the market, allowing buyers to visit more homes before, C9 x7 `1 Z; K/ I5 ~8 k
making a purchase.
0 v( }- N; W( _6 T9 V4 P7 Q2 ~* q
- L4 H6 B" k4 {- Z. {7 h    Ottawa held its position as one of the country's most stable housing
0 t9 a2 X) H- X5 cmarkets in the third quarter, reinforced by a vibrant local economy and strong& f* Z% {  @0 @" ~+ d
confidence, resulting in modest increases in average house prices. The city4 S, a) Y5 b) H; ?4 p& g  k$ i' ?
centre remained a bright spot in Ottawa, with homes in this area attracting
, E) `* u1 T8 ]+ F; Yattention due to their convenient location and proximity to downtown
- V& d! {, v/ damenities.' g3 J% [$ h1 K2 |
  u9 {0 J; J# L7 f8 _
    The housing market in Toronto sustained healthy activity levels
3 K- y  j, @- Lthroughout the third quarter, as a strong economy helped to maintain demand! B8 o- h+ P* k2 C7 Z5 h
across the city, causing average house prices to rise moderately. Toronto has( |, ~/ ^) m" b  J
continued to experience modest growth in average house prices, and has been
8 J' a+ f- P' z  L6 `1 Zdriven primarily by purchasers who are buying homes as their principle" Z0 w9 G9 o" G3 X$ P  n
residence, rather than for investment.0 {- |" T$ u4 f5 J

8 D- s) Y, R6 W3 k" Y' |% W: i6 M    The vibrant Winnipeg housing market continued to show its strength as. H$ c' H8 }0 c$ F  N* N
house prices rose during the third quarter. The booming local economy resulted
% G" \! ?  H' |in a historically low unemployment rate, helping to bolster consumer5 g3 b5 }8 l# f& p) [$ }: S( b& t
confidence and Winnipeg's ranking as the city with the lowest capitalization& `/ p, W- f" W) U9 f
rate among the country's larger cities - helped to encourage buyers to enter
; O2 G& x$ t, Othe market.
# d' k4 W! _6 e: o2 n1 c5 z5 n& Q$ a
    In Regina, the market experienced a slight seasonal slowdown through+ J" Y" J9 G8 ]( k, y
July, as there were fewer purchasers in the market due to summer vacations. In
7 e8 i. V% ^( `+ y/ N$ \: O6 NAugust, activity resumed to the busy pace previously seen in the spring' q8 T4 d0 x, U
months, as the influx of purchasers made it more difficult to find a home due
2 E+ e/ h, p1 g9 ^to the shortage of available inventory.. _" W7 A& L" g# }; W

: m6 b, |% {" S5 m* k6 d  x    Activity in Saskatoon remained brisk as the market maintained its
" ~, Y. Y. T- G- }momentum from the busy spring sales period. The economy in Saskatoon remains+ P- o: h: d  @4 R3 |
vibrant, as employment opportunities are abundant with many businesses
; K! ]8 {& L, y  {. r8 {; dstruggling to make hires and having to recruit outside the province.
: i  k' |4 H' `$ ^, l4 X9 ~$ t9 e) f; G7 g3 u
    Calgary's housing market recorded blazing average house price increases
3 K: s" f- y* `1 p' Ein the third quarter, in all surveyed categories. The burgeoning economy, low- V( b+ Q' K8 z1 _* k
unemployment rates and low inventory levels remained the leading factors that
% V) [& a$ w3 z  v1 s  ?0 j: Xpressured Calgary's house prices upwards. However, regardless of the soaring
1 C# ]- t; p, J: @2 Mprices that characterized the market - even during the typically slower summer% o7 J& W; k/ I7 M
season - it is expected that activity will become slightly more balanced, as. X. d' H4 S8 `6 W) U& B
buyers are becoming more reluctant to participate in the frenetic activity.

# B( a5 m& M2 d* f3 O, r( W
7 a7 M- l- c5 i1 P  k    Edmonton's booming local economy continued to thrive in the third quarter% o4 w3 a6 [$ p$ T+ z$ U& [' D
as activity in the oil sands north of the city continued to flourish. Edmonton
7 k# N& ~6 Q* w, kremained the hub of activity for those coming to work in the oil industry,
5 h8 R5 t; w. d9 U9 _maintaining tight inventory levels across the city, resulting in prices
+ F3 L2 O. `) }" X7 r1 s. W' Jincreasing at record levels. However, as inventory levels continued to improve
7 ^3 u0 y% O" z+ Hin the third quarter the rate of price appreciation should moderate slightly5 T& y( A7 D! ^8 T5 E, S  `
towards the end of 2006.
   
, B/ c$ `' _  v5 o- c+ v' h1 t; ?- q. [2 d1 `8 F
While Vancouver has seen a slight reprieve from the severe shortage of+ z) h' m1 o/ F2 Z$ ^- }
inventory that had previously characterized the market, supply is still unable
* m+ m) g" N5 j# g/ B  q. xto meet demand, driving house prices upwards. Vancouver has a very diverse* y2 P+ K8 E' i) d1 c
group of active buyers - from first-time home buyers to baby-boomers to
7 T& d0 B, |( w8 L6 o( y6 Pforeign investors - all of whom fuel the demand for houses, placing added% I) d7 b5 {( y" P# t+ `2 C8 U
pressure on tight inventory levels.; k; U( e! r# \5 m" K6 \- B4 |

- \0 F' ^6 K" l% X+ B    Victoria's market is vibrant and supported by strong economic
- y: E' _: s2 S- ~fundamentals, fuelled by a booming tech sector and a migration of young people$ t+ ^7 J2 I6 f5 o+ {# H. o
into the city that has continued to support the area's house price increases;
7 m" w2 O5 ^5 j9 swhile increased inventory levels have afforded buyers more time when searching
# _3 L1 m) T9 n9 z- Gfor a home, helping to normalize the market's pace.. K, \' z- E' S4 \- `/ h

* l  i/ @1 g- l- Z# ~" i    <<
3 h, f; z2 O( w: A4 E6 `      Survey of Canadian Average House Prices in the Third Quarter 2006, V5 \7 P* I8 F: N  e! I& o
6 k3 G+ Y& g' p2 I9 y; A) K2 J, N) r
    -------------------------------------------------------------------------' K( F1 [* {1 j9 _  ~
                 Detached Bungalows                Standard Two Storey+ I( p# Z8 D, v* q- _
    -------------------------------------------------------------------------/ z7 C2 l5 ~. o+ B) {
                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q3
- U/ `0 n: g/ z3 Q    Market           Average     Average    % Change     Average     Average
; f2 c. k6 F* i4 i  ]2 v    -------------------------------------------------------------------------9 ^8 t; e* |: C' e
    Halifax          186,333     173,333        7.5%     198,667     199,000
, K1 ]+ k: r6 D8 h7 a& \) k( Z2 z    -------------------------------------------------------------------------/ v) X. y  j" }
    Charlottetown    145,000     141,000        2.8%     175,000     170,000
8 |' F, Q) S( g    -------------------------------------------------------------------------/ Q) A4 j9 \2 H" o" L
    Moncton          135,000     127,000        6.3%     129,000     123,000
* @2 o# z4 v  X" j    -------------------------------------------------------------------------
4 k* X7 Z  c" i1 C& T    Saint John       141,200     142,900       -1.2%           -           -/ [: `2 P# _/ |/ Z  j
    -------------------------------------------------------------------------$ o) q4 j$ l: f
    St. John's       143,667     142,667        0.7%     200,667     202,333
& G5 m! K% x* I2 P    -------------------------------------------------------------------------+ S# d3 Q- C, S
    Atlantic         150,240     145,380        3.3%     175,833     173,583% J8 G4 T! ^- ?" Y8 k
    -------------------------------------------------------------------------
* y/ x1 J0 [, {/ r; D1 m$ d    Montreal         213,691     203,500        5.0%     321,141     316,185
7 I0 D8 m+ `; m. S" F$ R7 f& F2 L    -------------------------------------------------------------------------$ [- @  m, K" R; A
    Ottawa           290,083     278,417        4.2%     285,667     273,250" X; T5 v8 m, J
    -------------------------------------------------------------------------' Z9 c$ k2 @8 G/ f5 b% K" ^
    Toronto          373,368     355,882        4.9%     481,523     474,766
+ m; n2 Y0 \; \( ]" K5 B    -------------------------------------------------------------------------
' _) X. j; S: j    Winnipeg         181,579     159,860       13.6%     202,337     180,707
2 x; _+ J0 R" h4 \" X+ N    -------------------------------------------------------------------------
# @; f5 z( \" d, l& l    Saskatchewan     170,667     156,083        9.3%     182,600     166,5009 W6 c. ^+ `2 ?9 w8 e- M$ X
    -------------------------------------------------------------------------) q5 {8 {* _  ^
    Calgary          395,067     252,411       56.5%     405,778     264,389
! G8 V- ~  u& d! O" q6 b! o- |    -------------------------------------------------------------------------
( o2 T, r, K- l% ^1 [8 \    Edmonton         286,857     194,857       47.2%     316,429     206,714: M6 B) d8 N5 A5 \! V
    -------------------------------------------------------------------------3 t6 x7 O" l, i/ ?+ c) F
    Vancouver        704,250     601,000       17.2%     794,000     697,5005 Y+ i/ q/ u4 f
    -------------------------------------------------------------------------
$ o8 \1 ^) v+ Z3 P* @2 T    Victoria         375,000     348,000        7.8%     403,000     391,000  F+ L* R  h) E2 u0 g% u
    -------------------------------------------------------------------------7 _+ m  ^/ m% I$ O8 {7 X
    National         300,365     258,202       16.3%     365,380     322,860
2 V  b1 ^/ b4 k, l+ Y    -------------------------------------------------------------------------
0 r: j0 D; P. Q6 x/ f$ }  P3 N; ^) w' T2 F2 b
    -------------------------------------------------------------3 v+ l) D% A& W- x; i$ k) I9 L
                               Standard Condominium6 {1 }4 k! F* r" s4 B' f! Q$ d2 D+ Y
    -------------------------------------------------------------
& f' o( g3 U: [                    2-Storey     2006 Q3     2005 Q3       Condo- J3 n; I+ B9 U) z4 `7 c1 U7 O
    Market          % Change     Average     Average    % Change" J% }9 M; d. Y4 Y* m6 i6 A, K
    -------------------------------------------------------------7 ?4 N- F4 Y5 d, s2 s: n$ d, w" M
    Halifax            -0.2%     142,000     103,000       37.9%
9 R; i6 O: ?) G4 V    -------------------------------------------------------------
8 d% t; d' w# L) Q9 V: P$ U; V    Charlottetown       2.9%      98,000      98,000        0.0%
& a2 F2 T; ~4 M4 d1 R" ~    -------------------------------------------------------------
, ?2 a- o6 D, }2 v" X+ }    Moncton             4.9%           -           -         N/A( o/ J" ?: e1 S- Q& I
    -------------------------------------------------------------
5 k7 q+ _2 P+ [0 {, {    Saint John           N/A           -           -         N/A
  ?) E0 E1 I* V4 T2 {9 _    -------------------------------------------------------------
- o( f4 ^8 Q4 Y5 m) k2 L* D    St. John's         -0.8%     146,333     145,667        0.5%" P: ~2 ]) T: \$ n- y0 ?& R
    -------------------------------------------------------------7 ~. f) B4 N+ g& k& T7 D: W" p  @
    Atlantic            1.3%     128,778     115,556       11.4%
1 d' f( \) `: _0 z( b& P/ H    -------------------------------------------------------------% I! g" E" j0 G, F
    Montreal            1.6%     193,190     188,016        2.8%' W6 m) V/ @: j
    -------------------------------------------------------------
2 z, U) ?" W1 u5 i! g    Ottawa              4.5%     181,083     172,250        5.1%
' @7 j. T2 H7 J* L    -------------------------------------------------------------
3 x8 r$ b  k' x    Toronto             1.4%     252,088     242,918        3.8%5 l' t& r' N9 W0 P" z
    -------------------------------------------------------------
! o: R# O. r5 b$ T! E    Winnipeg           12.0%     105,648      96,008       10.0%# G) [% u5 L+ n; Z
    -------------------------------------------------------------
* h' m  _) ~& \, i5 U& a/ X    Saskatchewan        9.7%     106,250     101,000        5.2%
* z  t- r7 J7 S& U5 i    -------------------------------------------------------------
2 `$ Z  ?$ r0 f, Y- A1 R7 d    Calgary            53.5%     245,844     153,867       59.8%! Q; h: `8 ?3 @3 ]/ F
    -------------------------------------------------------------" k/ N% y2 j) X* A+ P( ?8 t
    Edmonton           53.1%     200,433     131,500       52.4%
/ v2 C% e8 }5 U2 x% h    -------------------------------------------------------------
, R. W8 D8 u, m3 T+ X+ ^8 ^" l    Vancouver          13.8%     366,250     323,250       13.3%
% A! m' n5 A1 c8 }; `    -------------------------------------------------------------4 H# w* h/ y  n; I1 H$ M& K( a
    Victoria            3.1%     229,000     220,000        4.1%
# T. h7 a: B" ~    -------------------------------------------------------------
5 B2 o4 t+ N8 W" {$ x  D    National           13.2%     211,562     185,296       14.2%
8 u% b5 Y$ N1 v/ N/ S3 U# B4 [    -------------------------------------------------------------5 q  y% P3 z' S/ e6 L
    >>/ x& v2 s8 p6 J( n/ Z- I6 M
" {, K! L4 V% b* @
    Average house prices are based on an average of all sub-markets examined
! x: S2 f* G& M+ h$ ~& R+ w2 gin the area, except for the smaller markets of Charlottetown, Moncton, Saint$ d( f+ X/ d* V5 ^4 x: S- {; o
John and Victoria.
) S. G* [- {% l) \; B6 ^( `, E3 k; v
    The Royal LePage Survey of Canadian House Prices is the largest, most
* F& w1 a7 j5 m# i7 Tcomprehensive study of its kind in Canada, with information on seven types of
! j$ D4 }6 G& x- Y3 nhousing in over 250 neighbourhoods from coast to coast. This release
) Z2 C0 x  z0 b1 mreferences an abbreviated version of the survey, which highlights house price
0 F! a' b, w/ @, p8 o1 Otrends for the three most common types of housing in Canada in 80 communities
4 f& _4 R+ H5 B" bacross the country. A complete database of past and present surveys is* d4 y8 g$ k  }" k4 T! t. Y1 P
available on the Royal LePage Web site at www.royallepage.ca, and current* ?0 w( A0 t) c  d
figures will be updated following the end of the third quarter. A printable2 y" p+ `0 o& U1 ?! ~2 i
version of the third quarter 2006 survey will be available online on3 @, j, X- E7 x: p- E
November 15, 2006.
- Z! ?2 f7 G( }# U3 M* ]* H    Housing values in the Royal LePage Survey are Royal LePage opinions of
2 {3 Z3 U, m' W2 ]$ @2 `fair market value in each location, based on local data and market knowledge2 g1 O0 K! S4 a* h* _6 a' E
provided by Royal LePage residential real estate experts. Historical data is
1 L! x8 F+ l% V: J6 S1 A% Pavailable for some areas back to the early 1970s.
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