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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
" j0 @7 d; t8 L" F
5 d) C" F0 E9 l: m  Y- Country's market poised to show growth throughout 2006 -
- @" ~; |( G1 ~* }0 b, s$ [+ Q
( Z. ]9 G, V% a2 O* F    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market, [1 U/ G5 u8 R* j
exhibited moderate price increases and stable unit sales during the third
, d0 a( s% D) W0 ?" aquarter. Wide regional variances continued to be the dominant characteristic+ c% f- j& }$ _9 L  z
in the market, exemplified by frenzied levels of activity and double digit
) q- q: ]+ y& vprice gains observed in the energy and commodity rich Western provinces, and. [- \' ?5 ^& R  Z$ [; \) [
more reasonable sales volumes and moderate price appreciation in Ontario,6 N% |" L5 M) }. N2 \, @, j3 d
Quebec and Atlantic Canada, according to a report released today by Royal
8 @9 @, m( F# o" s" J4 ?LePage Real Estate Services.
0 A/ v4 i: A* B+ [& C) g
4 n8 |1 ~  i: E+ C& E" Q    Nationally, market trends established through the first three quarters4 ]: `, E, l2 N9 j. ^3 P* Z
are forecast to continue for the remainder of the year. Robust economic4 f: b, {% Q, z; e  R' ~3 W
conditions, low unemployment rates, modestly growing salaries and wages, and
3 t" k- ^! s, y: U+ csound consumer confidence contributed to the overall strength of the6 a$ e6 G" S/ K9 r* e5 M
residential real estate sector.
. d( q* V2 T& G' \* |# ^- l1 N- i, k$ }
    Of the housing types surveyed, the highest average price appreciation
3 @) j9 Q7 y( h7 |3 S) b  |' _# poccurred in detached bungalows, which rose to $300,365 (+16.3%)
" u6 X8 U2 B/ a  G. Byear-over-year, followed by standard condominiums, which rose to $211,562, C- s: Z3 k, d1 E* s# v
(+14.2%), and standard two-storey properties, which increased to $365,380
5 o2 S. l+ ^/ F) E6 _" N0 A& Y" k' V; N(+13.2%).. f) ~+ h. ~* m- N3 o& q2 C' q. y' G
/ N. F9 @3 l2 h5 Q3 P( {( E7 r
    "Canada's sturdy housing market continued to demonstrate steady growth3 [& x$ R/ N% _0 B& K( j
during the third quarter. For all but the west, we have moved on from the
' c" Q( _: y2 J" s5 Ifrenzied expansion that characterized the first half of this decade, and are
* j! u" l  A0 m" n5 F8 @poised to show continued growth at a more moderate pace," said Phil Soper,1 h8 L9 b" x( o* ~5 Y8 [3 }: n% S
president and chief executive officer, Royal LePage Real Estate Services.3 P! l; k+ f- G( O
"Gone is the sellers' market that we have lived with for some years. We" d; p0 X9 G. ?$ Q6 _% [
welcome the more reliable conditions that are characteristic of a healthy; g2 }) s* Z8 m
balanced market."# R; |# R8 g# @( W

! L7 V( U* X9 X' E    Despite the double-digit rise in average national house prices,( ~9 G* f/ Z6 H
considerable regional variances were exhibited again this quarter. The shift
# U1 y3 ]2 p4 E! p% j& Fto balanced market conditions, which began in late 2005, has continued
; C1 S* k% T  gthroughout most of the Central and Eastern regions of the country. In the core
8 k7 B. \+ Q1 f2 B& _& fenergy producing western provinces, the combination of very high in-migration,+ M: b- a- a  ]8 b7 K, k; F
manageable affordability, and a shortage of inventory has driven record' o4 L( K8 M8 h% q4 e6 r' q
breaking price appreciations.! `$ w, o' a$ w
1 g' A7 \4 l, T8 S
    Echoing the second quarter and supported by Alberta's rapidly expanding0 ~1 r( f2 H+ Z. C1 [( F1 i
economy, Calgary and Edmonton led the charge of Canadian cities with the: _/ E# |# Q; V: t1 \2 C* \4 A8 i
largest house price appreciation in all housing types surveyed.0 u9 u/ B% G7 b. w
: B% n& V' l4 z, {( N3 B5 v
    In Ottawa and Toronto, growth remained steady, supported by solid/ w( \/ ^) a& a% P' a- p$ c# n! c
economic fundamentals, an increase in available inventory and strong consumer* P6 O- J9 R* v6 `: k% q7 H- I
confidence. While the pace of price appreciation in Ontario leveled off
' n- f, ?' x: w8 B* P; Gslightly, the province's real estate market remains poised for modest growth.! H3 r5 s1 L+ D4 ^  u, m
In Atlantic Canada, new housing and condominium construction offered buyers
- d8 E2 N' K* g, q4 z7 r( S* Jgreater selection at more competitive prices, resulting in a slower rate of  \* f/ }- _; k* {. S
price appreciation when compared with 2005.
: ]. d( O6 G: q! f; k" Z+ K) u& v/ T2 l* z7 M0 L4 U: A
    While the pace of growth in Canada has slowed, the domestic housing
6 e# W3 T$ j5 ~' E+ P7 L2 L* P5 Xmarket is expected to outperform the American market. The economic and
* I5 K. R# `2 x4 ]  r3 g, kfinancial fundamentals driving the residential real estate sector in Canada" X0 T( o6 h2 |; T. j# _
are markedly different than those found in the United States.
0 z) A0 k3 @# a5 ~+ w
# m) S6 r: Q; u, f! m5 @' C    Added Soper: "Canada's housing market is likely to outperform the
* G; M- @6 Z: @( ?American market through 2007. A number of factors are working in Canada's
7 E6 n3 P1 L: i) y- cfavour, including healthy personal and governmental debt levels, the
' c% M8 Q! }( F6 G0 @relatively modest rise in interest rates in our country, and general
1 g" l  T( p" g6 y+ yaffordability in our major cities. In addition, Americans are now seeing the
2 T7 ?$ Y6 d0 M- h9 Mdownside of a tax system that encourages maximum homeowner leverage, and
5 R9 [0 z6 j5 g) d5 xaggressive financial products such as zero- and negative-amortization0 O& F# n5 k5 Q# H# W
mortgages that work only in a high price growth environment."
# W1 T) i. A8 t5 j
9 f3 ?( v' x- e* G2 Z    <<& u! U' O9 N0 P6 U6 N5 [4 P
                             REGIONAL SUMMARIES! S( _  O% P( z4 K4 d& l
    >>
7 u( K2 u" G) y& [# m9 _: a/ F7 ~, L9 z  r
    Balanced conditions continued to characterize the housing market in
" o! y4 Z- ]' }2 hHalifax, as significantly higher inventory levels helped to moderate the rate
. }% m6 L: u5 S6 g  A- pof price appreciation. Buyers were increasingly choosy, taking more time$ C7 a3 u6 v% i/ }% A
looking for newer, low-maintenance properties that were not in need of
: u, e" Y( N0 w4 [: srenovations.
' Y9 K4 ]; I6 \: g* E+ C+ n1 w6 L5 c7 z
    The housing market in Moncton remained healthy and strong as a slight
) \& V) c/ O# W8 n# Q/ C2 {, d- ~8 ?increase in inventory helped to moderate the rate of price appreciation
' @4 P' Z7 Z7 ?3 D3 t7 rcompared to the same period in 2005. Activity was brisk throughout August and$ X: }' x$ ?% F6 q& f6 u2 O$ j
September and is expected to remain this way through the fourth quarter.
$ r; w; Q! s( V& e
( D8 C5 c$ z3 A' B    The housing market in Saint John underwent its traditional summer
# a6 y  i; q3 U( M; ]slowdown in the third quarter, with activity picking up towards the end of the
! g+ ~& R# {! N- }# Mquarter. The local economy continued to thrive, as construction on a new) I( r3 E4 t; h) @
600,000 square-foot shopping area has begun, bringing several new box stores6 s, G/ P+ X' |" M7 U7 T
to the area. Buyers have begun seeking less expensive fixtures for their homes
% T7 `) a) I9 S. L& Kand are instead opting for more affordable housing options.6 @9 N6 z' N4 b+ g: h7 D
# l7 r6 }7 i; H+ P
    In Charlottetown, the housing market started to move towards balanced6 X3 G) M5 y$ C' a1 N! `, k  z
conditions, as some sellers had to begin to lower the asking prices on their" K9 V4 \. i, q7 ]9 |! h! F
homes to make them more competitive. Activity from out-of-town and US buyers" j( I- Z( f  {' P# h* e+ N+ k3 i- L
was down slightly compared to 2005, likely attributable to the strong Canadian
+ \; L/ C8 M& ]: sdollar. Inventory levels began to creep up in the third quarter, providing1 _/ ^' ?3 X; g' P! k, \, r
buyers with more options when looking for a home." h# {, C6 e+ g8 k
8 d7 ~4 L9 T% l6 q
    Activity in St. John's slowed slightly in the third quarter, particularly
3 V9 M3 O6 V3 Samong higher-priced properties, where there was a slight over-supply of homes
1 k$ U" w6 A  N2 q  Qpriced over $200,000. Listing periods have increased when compared with 2005,
/ n0 K( B4 i/ |9 ias some of the pent-up demand that had characterized the market over the last
) h+ q7 ]: _/ ], i' C2 Jfew years has been satisfied, resulting in more normal, balanced conditions.0 e$ ]9 O( m- A# R6 d% i: N1 a: u% Z

! N9 [' i# p5 c" R3 n, L    Montreal's housing market recorded modest increases in average house
! @! a' @3 I% U  f/ ~# uprices, due to a slight seasonal slowdown in the third quarter as inventory
# P5 K9 L; r$ w4 \" Glevels rose. Part of this can be attributed to the fact that many renting
3 h, P: o& r% I, |" Wfirst-time buyers were motivated to close on the purchase of a home by July 1,7 E: L* @- e, k5 a' f6 ?0 X2 T( n
when rental leases expire in Quebec. Once this date has passed some of the; i( n2 ~! {3 L9 n; h' I4 [
pressure is taken off the market, allowing buyers to visit more homes before
4 C( `# l, L# P7 emaking a purchase.
5 G  t, X8 _+ W) u% I/ o' M
( q$ V7 [& q- `3 [( n$ u    Ottawa held its position as one of the country's most stable housing
" v! v% x. B9 H: d' n5 cmarkets in the third quarter, reinforced by a vibrant local economy and strong. |- f( r" J4 r
confidence, resulting in modest increases in average house prices. The city
  b1 H$ {9 [$ j5 n5 O* }; bcentre remained a bright spot in Ottawa, with homes in this area attracting
* C# |. X% B5 r; Hattention due to their convenient location and proximity to downtown0 w: k, m' M8 M3 b  b3 l& p% }/ t
amenities.
. R7 [. v6 U7 z& @" |1 v4 K
, t* ?( E) ^  R7 N    The housing market in Toronto sustained healthy activity levels4 `/ p; K$ _# _9 W! S( V( H
throughout the third quarter, as a strong economy helped to maintain demand9 m7 I5 |5 D: N9 r  m" `1 ?% x
across the city, causing average house prices to rise moderately. Toronto has3 c, \1 q* g2 B5 N. u! Z' p, L) a
continued to experience modest growth in average house prices, and has been
9 D1 j% B) B$ O% `1 x. Xdriven primarily by purchasers who are buying homes as their principle
; |( n6 C% n' q, I) Wresidence, rather than for investment.
' d# p6 v% l* v' F) C# n- L# D* V& Q% {4 X
    The vibrant Winnipeg housing market continued to show its strength as# g5 F4 u; O  Q3 ]
house prices rose during the third quarter. The booming local economy resulted
% Y% e6 \' R; ~# J( V5 G3 sin a historically low unemployment rate, helping to bolster consumer: P7 K& J) N1 |% F6 z6 S& Q( D* _
confidence and Winnipeg's ranking as the city with the lowest capitalization) n) Q) m) t/ X1 B) b0 c$ n
rate among the country's larger cities - helped to encourage buyers to enter
3 b: N6 W3 b6 U( k2 Q% z! hthe market.
5 N8 O3 Y* B" a4 _3 A, l, k, E: b# U& o$ s/ ]
    In Regina, the market experienced a slight seasonal slowdown through. S; P4 A& }* `9 [. @/ v+ ?
July, as there were fewer purchasers in the market due to summer vacations. In
" s. Y( v3 Y, F% E# \0 ?, |5 ZAugust, activity resumed to the busy pace previously seen in the spring# i, J& ]1 Z, X% f! O
months, as the influx of purchasers made it more difficult to find a home due& G  N% G: i" `, z5 t
to the shortage of available inventory.
, j5 W3 Q7 h' a7 V- X- [$ G
5 L: z9 c' k/ w0 `) }7 E    Activity in Saskatoon remained brisk as the market maintained its( P, p( X5 _8 m, l* \' B. |
momentum from the busy spring sales period. The economy in Saskatoon remains
1 Y& J9 D& e' R1 ~vibrant, as employment opportunities are abundant with many businesses5 f2 S% E" w. Z, ]$ N. E) ?
struggling to make hires and having to recruit outside the province.4 F, Y6 I, W$ p% ~/ P) u- C
( J6 u5 ]% C! Q' `4 {$ K
    Calgary's housing market recorded blazing average house price increases- w5 r0 v: j* W+ {5 L; N  X4 J; {/ n
in the third quarter, in all surveyed categories. The burgeoning economy, low
) o$ i+ k/ b, d2 E. Junemployment rates and low inventory levels remained the leading factors that+ W( H/ |; @; w" V- |) @
pressured Calgary's house prices upwards. However, regardless of the soaring8 ]. R/ w' m* f2 x4 v6 `* p
prices that characterized the market - even during the typically slower summer3 x7 \' M- ^1 C* C& r; I
season - it is expected that activity will become slightly more balanced, as7 }  z3 j( {/ }. O
buyers are becoming more reluctant to participate in the frenetic activity.

) U9 e8 R; b% C) U( s
1 u  T( X  X5 k+ ?3 P5 F( ~    Edmonton's booming local economy continued to thrive in the third quarter  X: V$ ~  w( R! M9 ]
as activity in the oil sands north of the city continued to flourish. Edmonton
3 b: g- l7 l4 O" D- z; u" Tremained the hub of activity for those coming to work in the oil industry,5 L/ y- q/ `! e+ T0 |) X. e
maintaining tight inventory levels across the city, resulting in prices# u% @! A9 p- Y3 P
increasing at record levels. However, as inventory levels continued to improve
0 k9 ]1 V6 @! ]8 L& t+ Hin the third quarter the rate of price appreciation should moderate slightly1 N3 J1 r4 [  a# ^# \7 f( ]
towards the end of 2006.
   
) T# F4 j* H4 x
$ t" ?5 C6 G. r; H4 w+ G8 fWhile Vancouver has seen a slight reprieve from the severe shortage of
3 U  Z, }1 C4 _( o  T# y4 z5 \9 kinventory that had previously characterized the market, supply is still unable0 T1 L/ M. `, x, d  F8 w
to meet demand, driving house prices upwards. Vancouver has a very diverse
' Z3 {4 S" X5 L9 J/ l( Mgroup of active buyers - from first-time home buyers to baby-boomers to% h" |" V6 B. r  j
foreign investors - all of whom fuel the demand for houses, placing added
8 S  N# J- O" o, ?8 M3 E3 u7 Qpressure on tight inventory levels.
6 b- s$ n! d' m
8 f; U# w5 V. k( ?8 {, [    Victoria's market is vibrant and supported by strong economic
! K! l# B! Q0 ^3 K; X2 a6 jfundamentals, fuelled by a booming tech sector and a migration of young people
1 G* F2 J' `" Rinto the city that has continued to support the area's house price increases;
7 @  j. I  N# m+ e. K6 e/ ^% ?while increased inventory levels have afforded buyers more time when searching. R# S1 F$ m9 f
for a home, helping to normalize the market's pace.
# h, m- U& b+ x! T7 c/ Y- ]
# K' x: Q. h1 I9 q* d    <<3 v% J  E" A" [* x. f2 u, u
      Survey of Canadian Average House Prices in the Third Quarter 20065 D+ R) N! M. ^# P+ J0 n+ U7 c

3 a1 T1 l$ }9 v0 M5 }    -------------------------------------------------------------------------
! w" ?* F7 U; |                 Detached Bungalows                Standard Two Storey- u) D+ A; R8 ~5 y* a( D" E) h7 j
    -------------------------------------------------------------------------
2 J% R, q1 P  B) l! x+ p3 V  V5 p                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q3
3 h( ~% c4 ^7 U: a7 |    Market           Average     Average    % Change     Average     Average7 R# p! ~; `, i" d/ D
    -------------------------------------------------------------------------& U8 |" k5 x7 r
    Halifax          186,333     173,333        7.5%     198,667     199,000
4 Z  L  v4 G1 i4 {6 s1 Y5 \/ [    -------------------------------------------------------------------------% |  T8 |4 u! a" w& }- [: Z  B, C: D
    Charlottetown    145,000     141,000        2.8%     175,000     170,0000 k; Q; Y' {, b4 Q+ V9 W" ^! B
    -------------------------------------------------------------------------- f7 P7 w. F9 o5 J8 U( @
    Moncton          135,000     127,000        6.3%     129,000     123,000) K3 S8 ?# Z* A" [6 Y/ H9 u
    -------------------------------------------------------------------------
( C% V2 `  u5 v# l    Saint John       141,200     142,900       -1.2%           -           -
* z8 [3 k' K7 J& N, ~3 v    -------------------------------------------------------------------------- [1 D! P& `- f4 F
    St. John's       143,667     142,667        0.7%     200,667     202,333" [0 s7 d+ g( r0 c
    -------------------------------------------------------------------------
6 \( ]3 N. e* L/ c: B    Atlantic         150,240     145,380        3.3%     175,833     173,583
# I$ e8 q, g2 K    -------------------------------------------------------------------------$ M: J* W0 h6 n3 a, c
    Montreal         213,691     203,500        5.0%     321,141     316,185
5 e$ T, G5 `6 Y( P# D- D1 J$ y1 q    -------------------------------------------------------------------------
" z# s1 I. [3 h    Ottawa           290,083     278,417        4.2%     285,667     273,250
0 I: u7 N/ ]! i6 N. {5 O  t! w    -------------------------------------------------------------------------
0 s2 S+ {& X2 Y8 e: _    Toronto          373,368     355,882        4.9%     481,523     474,766
6 t6 x! x  c6 D    -------------------------------------------------------------------------2 j8 r) x5 x8 F
    Winnipeg         181,579     159,860       13.6%     202,337     180,707# _  V4 E0 R# b1 D" E7 A
    -------------------------------------------------------------------------
) N  q9 o% c! b- X& w0 v    Saskatchewan     170,667     156,083        9.3%     182,600     166,500& z' l( T- o9 I+ `% u
    -------------------------------------------------------------------------
( n" G/ O3 P! y    Calgary          395,067     252,411       56.5%     405,778     264,389
1 ~. u6 f8 T. M% K- y; v    -------------------------------------------------------------------------
* f, R/ G& l6 H1 \1 D7 K' _7 t    Edmonton         286,857     194,857       47.2%     316,429     206,714
$ U- q" u1 E7 \  _    -------------------------------------------------------------------------3 ]- ^# S/ E$ W5 E' v; o2 [6 ]+ Q
    Vancouver        704,250     601,000       17.2%     794,000     697,500) T/ n: k& n2 f7 q, e
    -------------------------------------------------------------------------
  X' j9 f1 X' Q4 ^- H! `# r# s    Victoria         375,000     348,000        7.8%     403,000     391,000
# P( l  l, O$ M6 r0 A: c2 m8 u    -------------------------------------------------------------------------
/ G: x# j2 d5 e! a" E9 }    National         300,365     258,202       16.3%     365,380     322,860/ U! Z- r6 G& i( X* _
    -------------------------------------------------------------------------1 ?. f) s% n% }
( Y( N! O/ v4 N* y$ a
    -------------------------------------------------------------
7 h  t$ s" p, o7 L- o3 R" P                               Standard Condominium  H% U4 {9 h. u5 g% K9 O
    -------------------------------------------------------------
/ ~0 r. i: W0 W- J                    2-Storey     2006 Q3     2005 Q3       Condo
( |& l! O  Z" h( z9 W0 a* }    Market          % Change     Average     Average    % Change  o+ C9 ~  r' g7 r+ y
    -------------------------------------------------------------& C: S( V* j* g
    Halifax            -0.2%     142,000     103,000       37.9%9 x6 D% _5 l6 d+ M% q2 s! O
    -------------------------------------------------------------6 B$ P) [! K  u) H9 x9 c: q
    Charlottetown       2.9%      98,000      98,000        0.0%. @0 D- t/ N/ L$ K7 A1 N
    -------------------------------------------------------------
/ L+ B! y) L/ m" \. k2 {( s    Moncton             4.9%           -           -         N/A
4 l) ^5 x6 g: f8 ~6 K; `5 A    -------------------------------------------------------------, p1 `9 y, ~2 D5 U9 i
    Saint John           N/A           -           -         N/A9 n$ s! l6 r% @- C8 k$ d# x
    -------------------------------------------------------------. \4 G9 G% f! K" g) ^! _, \& D
    St. John's         -0.8%     146,333     145,667        0.5%- K/ ~& @0 q; @7 n
    -------------------------------------------------------------
2 o& c) w' u4 T! R& u    Atlantic            1.3%     128,778     115,556       11.4%  p3 l2 F! j3 S+ ^$ N* ]) p4 G) ^5 G
    -------------------------------------------------------------
2 v# E$ D; C! O. N- Z. d' t    Montreal            1.6%     193,190     188,016        2.8%' i9 d& ]( O8 x# m
    -------------------------------------------------------------
3 S2 ]0 F- ]9 a6 W- Y    Ottawa              4.5%     181,083     172,250        5.1%
1 v1 i8 D. c' T    -------------------------------------------------------------9 L5 |, l) l( ]9 t) K5 S
    Toronto             1.4%     252,088     242,918        3.8%( ?1 z: `0 l4 R5 u( I
    -------------------------------------------------------------$ e9 L+ e9 _! T- K4 M
    Winnipeg           12.0%     105,648      96,008       10.0%
' K! b) |* ]* H0 H4 ]9 x# ]    -------------------------------------------------------------' B; O# ~4 F. N* h* V2 n( O
    Saskatchewan        9.7%     106,250     101,000        5.2%
2 j) `2 A7 S+ ^2 p& h    -------------------------------------------------------------
1 d" u  c2 C+ z    Calgary            53.5%     245,844     153,867       59.8%6 b' {. |/ p! k2 |
    -------------------------------------------------------------, I2 C4 \( P# h# \0 u0 {- L
    Edmonton           53.1%     200,433     131,500       52.4%
/ o; c( X5 U& ~8 D# C    -------------------------------------------------------------
* }  l$ f- |; x9 J    Vancouver          13.8%     366,250     323,250       13.3%
# v1 ^( c4 r; c% t    -------------------------------------------------------------  v) ?  H3 Y$ m! K
    Victoria            3.1%     229,000     220,000        4.1%! s, E$ H% z1 Z" L. {: _9 O9 |- I
    -------------------------------------------------------------
8 g: u1 T/ f- G- T- ?: t# ^) }    National           13.2%     211,562     185,296       14.2%
; `* P' A3 D- H+ D6 z3 b7 U; Y    -------------------------------------------------------------
- v4 \! [/ @# j' }    >>; Y4 y5 U+ F9 j
/ b7 L0 b2 W( R
    Average house prices are based on an average of all sub-markets examined
9 Y/ P5 E7 o4 |( I& p7 Nin the area, except for the smaller markets of Charlottetown, Moncton, Saint# I- i# N" i3 n& |! _" E* S( ]' c. y
John and Victoria.! M( b5 g, O* U0 w+ G% `  |& D0 N  u; i2 [

, Y" F0 u  b: o    The Royal LePage Survey of Canadian House Prices is the largest, most# [2 {! ^( Y/ U2 `6 V" m7 Q' b6 c
comprehensive study of its kind in Canada, with information on seven types of
3 {7 p' B, N5 shousing in over 250 neighbourhoods from coast to coast. This release$ M* L) F- y, Y( Z* F: }, p) ]  I
references an abbreviated version of the survey, which highlights house price
. `) _6 M6 A# N- v$ R3 K  N+ ?trends for the three most common types of housing in Canada in 80 communities
2 u+ T+ A( ?; p  ?$ Vacross the country. A complete database of past and present surveys is
/ x6 s8 @) L' c5 W, n  A3 P# ?available on the Royal LePage Web site at www.royallepage.ca, and current
% K, z: w" j5 @( }& r; R; rfigures will be updated following the end of the third quarter. A printable1 ?9 f& E/ ~- e0 {" |
version of the third quarter 2006 survey will be available online on
2 w9 n1 O4 R- `/ Z) U8 ]. WNovember 15, 2006.- W9 o' Q# K4 N; B* ~
    Housing values in the Royal LePage Survey are Royal LePage opinions of
& u# ?; e/ c6 H  _) _8 {0 Ifair market value in each location, based on local data and market knowledge
1 Y# L" X/ i# c7 G. Jprovided by Royal LePage residential real estate experts. Historical data is
  ?: ^# V8 a: y% h4 a* `available for some areas back to the early 1970s.
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