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Canada's housing market both vigorous and stable " ~. q7 G5 ~' V6 V: J
( D( l$ N3 ], G: D: g) b( b3 G- Country's market poised to show growth throughout 2006 -1 B K' }& W9 [3 F
4 E0 L' p8 C5 R/ n7 y* t( p( r TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market) @; K: K; Y; p* O
exhibited moderate price increases and stable unit sales during the third2 S/ n9 }+ ]2 Q( X
quarter. Wide regional variances continued to be the dominant characteristic
" w9 L2 f4 ?0 oin the market, exemplified by frenzied levels of activity and double digit
5 {! [+ Y* ]2 k( sprice gains observed in the energy and commodity rich Western provinces, and9 I0 ]1 e/ H% o4 J8 y D2 S
more reasonable sales volumes and moderate price appreciation in Ontario,
& |# r8 _( x `: P# l9 lQuebec and Atlantic Canada, according to a report released today by Royal% ^% W+ z- j! n2 n" K
LePage Real Estate Services.* x0 k, |$ B4 E: `. i
3 k# k. Q5 R! W, \. i* M0 E6 L/ h: L
Nationally, market trends established through the first three quarters
( B/ t: U" A c6 L$ uare forecast to continue for the remainder of the year. Robust economic1 U+ p- V# s1 z5 i0 U! T2 d4 l6 Y; o
conditions, low unemployment rates, modestly growing salaries and wages, and! b0 ?" I( u- H0 z- Z
sound consumer confidence contributed to the overall strength of the7 u* E3 V7 J! M* h- o0 m! E; J( r
residential real estate sector.+ x* T# Y! Q. G, _
) s* T8 X1 ^/ X0 ] h; y
Of the housing types surveyed, the highest average price appreciation
) @% n0 P# A0 n9 [8 c& ?$ noccurred in detached bungalows, which rose to $300,365 (+16.3%)) v, D6 X6 T* z4 Y2 `# S3 e; R1 Q
year-over-year, followed by standard condominiums, which rose to $211,562: E0 D+ Z0 @' u$ T% M0 E
(+14.2%), and standard two-storey properties, which increased to $365,380
8 k* n% f3 K2 e3 U(+13.2%).) R: S6 u8 s# s4 x, F
' u- n! {1 c$ o+ N; a( R "Canada's sturdy housing market continued to demonstrate steady growth
$ U+ Y( C5 P7 gduring the third quarter. For all but the west, we have moved on from the
, j K2 e* O& C% F. A3 C8 W6 [frenzied expansion that characterized the first half of this decade, and are
# y* T( i# P1 M$ G& _' r& spoised to show continued growth at a more moderate pace," said Phil Soper,
1 u/ m0 i, X! Fpresident and chief executive officer, Royal LePage Real Estate Services.+ ?. Z1 D1 b8 j- Z" {; q
"Gone is the sellers' market that we have lived with for some years. We
; x' |3 K6 T$ H9 A" _/ vwelcome the more reliable conditions that are characteristic of a healthy9 }: L* q! }% {* b4 q9 B2 _
balanced market."( @# K* X: k* y
0 v/ C1 @+ p% U0 U: ?/ X: g Despite the double-digit rise in average national house prices,4 j2 b% h1 d, B* C) o- q
considerable regional variances were exhibited again this quarter. The shift
4 x# W0 Q$ R% u1 Kto balanced market conditions, which began in late 2005, has continued; ~0 j6 {/ Q8 S4 [# u: @# [
throughout most of the Central and Eastern regions of the country. In the core
( G" W- y0 _( M5 v/ }; T uenergy producing western provinces, the combination of very high in-migration,0 D- ~* M! q* N
manageable affordability, and a shortage of inventory has driven record
* ]$ X8 J: a3 ?* x* Q& P) ibreaking price appreciations.$ I- V3 O* i: Y4 y
8 i7 C0 O0 W ^/ ] |
Echoing the second quarter and supported by Alberta's rapidly expanding
, {. m2 g3 T' S$ Meconomy, Calgary and Edmonton led the charge of Canadian cities with the+ ~7 P2 D& F3 q& L0 f+ N8 N
largest house price appreciation in all housing types surveyed.
0 a1 F" h3 [/ K& ^9 C4 o8 V
0 L) h: P1 E3 r- U" j In Ottawa and Toronto, growth remained steady, supported by solid
/ G& y, o' a* V0 a; [, N' G7 ~economic fundamentals, an increase in available inventory and strong consumer0 U- C: f/ f; B$ ?
confidence. While the pace of price appreciation in Ontario leveled off
+ R& l2 B8 ?4 D* L+ p) jslightly, the province's real estate market remains poised for modest growth.
$ t# v- u# f; C2 K% F1 pIn Atlantic Canada, new housing and condominium construction offered buyers
6 l1 p, M$ A% k' p5 K+ X! Ogreater selection at more competitive prices, resulting in a slower rate of2 s0 R- h2 y. p4 z5 ^) ^, A
price appreciation when compared with 2005.
4 L$ i) j" e. u8 b. v L2 c% p" G$ e( Q! }2 y
While the pace of growth in Canada has slowed, the domestic housing
6 Y3 \! ?7 R& f( w0 ~! ^( zmarket is expected to outperform the American market. The economic and
7 Q! X$ `# u4 {- M2 l5 U+ A0 hfinancial fundamentals driving the residential real estate sector in Canada! p8 Y0 |! \% T0 F* _3 g2 B
are markedly different than those found in the United States.
, B7 M1 S/ o1 l( U6 {1 Q
+ A; J7 I# [" N; D4 O% Q Added Soper: "Canada's housing market is likely to outperform the0 r3 d5 C9 a( g' \! ^. z
American market through 2007. A number of factors are working in Canada's, O9 I+ G: ^' p
favour, including healthy personal and governmental debt levels, the1 x t) K0 T% o1 @
relatively modest rise in interest rates in our country, and general
# @: W! m+ x' j, Oaffordability in our major cities. In addition, Americans are now seeing the
% X( P1 ]# }" d; S. H; Sdownside of a tax system that encourages maximum homeowner leverage, and
" Z( N' o$ [; k9 ?( Aaggressive financial products such as zero- and negative-amortization
8 O) r* z. Y0 k' mmortgages that work only in a high price growth environment."
M/ o3 A, n5 P0 U% ? \9 ?0 J
" J0 P2 H3 ]( u% L- j2 D1 B <<
/ ~* h# q4 b% ?$ j d6 T$ t" ? REGIONAL SUMMARIES
* Y8 h; C& l9 r/ l! o >>1 d$ k% i/ v) i1 P
9 g h9 L1 h3 }2 g+ H8 M n. P5 f Balanced conditions continued to characterize the housing market in# w3 a9 W8 w, I: `7 V$ E, j
Halifax, as significantly higher inventory levels helped to moderate the rate9 s* Z( K: @4 i$ C4 ~5 a& ]& n8 }$ t
of price appreciation. Buyers were increasingly choosy, taking more time- B. \; G& p5 j& `( k& J
looking for newer, low-maintenance properties that were not in need of: h6 \# p. c. x/ D9 J/ D
renovations.
0 x) h9 ]2 l# r' R% Z! E4 G9 e
& h: h. W7 m- u8 Q+ x- U' I The housing market in Moncton remained healthy and strong as a slight
8 j: r% D$ c! Aincrease in inventory helped to moderate the rate of price appreciation
3 x+ m; ^3 Q; K9 |, ecompared to the same period in 2005. Activity was brisk throughout August and
% J- I1 q: G( J9 i, r0 oSeptember and is expected to remain this way through the fourth quarter.
3 z+ W$ d$ a# t* m8 t3 J6 ^
$ M- F2 e) ?' ? The housing market in Saint John underwent its traditional summer% G, ]+ m; R8 r& W( M
slowdown in the third quarter, with activity picking up towards the end of the
$ V# |, L6 g R) Y, Pquarter. The local economy continued to thrive, as construction on a new( `+ r! a. D$ b+ H
600,000 square-foot shopping area has begun, bringing several new box stores
6 {3 p7 l, U/ t* Tto the area. Buyers have begun seeking less expensive fixtures for their homes
, D& D: T. \8 |, j8 Zand are instead opting for more affordable housing options.
" E) ]$ H/ J/ I+ K7 c5 ?5 R
% i, l/ s3 X# c3 R3 N4 n In Charlottetown, the housing market started to move towards balanced( j3 f% o( M' Q
conditions, as some sellers had to begin to lower the asking prices on their" Q2 b- E3 S, Z$ d# X5 E
homes to make them more competitive. Activity from out-of-town and US buyers
6 v1 }' V; l( o) j' twas down slightly compared to 2005, likely attributable to the strong Canadian
, y* S( N$ H' f/ w6 s- y. W* `dollar. Inventory levels began to creep up in the third quarter, providing
. Z5 l; |/ j, K6 g9 Vbuyers with more options when looking for a home.
. L4 ?( A2 r! I3 T- v* Z
L6 k; O5 |* U8 q) u6 o, z Activity in St. John's slowed slightly in the third quarter, particularly
9 U& Q8 |* r- D' t$ K, s" k. k5 Camong higher-priced properties, where there was a slight over-supply of homes
) X8 E2 Y& e7 l% V( ]priced over $200,000. Listing periods have increased when compared with 2005,
7 j3 l! W3 J" ^( t7 A1 O2 Z4 Tas some of the pent-up demand that had characterized the market over the last
. D# O! ]" @* f9 l; L6 A& g2 afew years has been satisfied, resulting in more normal, balanced conditions.
: p, l" U' ]% b3 M3 t/ ?# ]" E, E9 d$ r6 h5 g- T
Montreal's housing market recorded modest increases in average house
3 R3 U9 k3 t- Z* h3 P$ fprices, due to a slight seasonal slowdown in the third quarter as inventory* X" I4 z9 Y& ~: @/ l. J2 l
levels rose. Part of this can be attributed to the fact that many renting, S N2 }# U5 p, {6 x, q
first-time buyers were motivated to close on the purchase of a home by July 1,2 O1 L2 g& l3 ^ x3 U
when rental leases expire in Quebec. Once this date has passed some of the, b2 |) J, e- }
pressure is taken off the market, allowing buyers to visit more homes before
% ?. W' i, m! qmaking a purchase.
! y& Q& H" y- d: O: `/ z) D# `) v, X3 x
Ottawa held its position as one of the country's most stable housing
6 x7 Y) y( \ N6 `$ n8 Bmarkets in the third quarter, reinforced by a vibrant local economy and strong$ I; l, O4 L' ]2 t! G
confidence, resulting in modest increases in average house prices. The city7 X# G$ e$ J2 ?* g& y. E& H" y; h
centre remained a bright spot in Ottawa, with homes in this area attracting
. d- e: f7 `) k# h# gattention due to their convenient location and proximity to downtown
4 e/ M# c: D* d. N$ i; {amenities.
/ Y- [8 m# _4 A' a2 n
) W3 E; f0 C a9 A' Q The housing market in Toronto sustained healthy activity levels
5 L( ?: `- w( Uthroughout the third quarter, as a strong economy helped to maintain demand2 ]+ [1 d6 W& l7 t) Q2 T- `! G
across the city, causing average house prices to rise moderately. Toronto has w" f! a" y* R4 U: w! n4 C
continued to experience modest growth in average house prices, and has been/ Y* v2 a" ^% t+ Z7 H2 |
driven primarily by purchasers who are buying homes as their principle/ m; h X: h9 R& j. W; Z
residence, rather than for investment.
2 p4 {8 e7 f5 \) w
) l( Q8 D. F. K$ `2 A% C2 B The vibrant Winnipeg housing market continued to show its strength as
' Y& z" k; n ~4 j7 H- V z) hhouse prices rose during the third quarter. The booming local economy resulted3 H. V+ M, O+ r: a" X
in a historically low unemployment rate, helping to bolster consumer
7 O" G" i) A0 B6 v9 F2 S, V+ `confidence and Winnipeg's ranking as the city with the lowest capitalization
# L h# o# c5 B2 N# brate among the country's larger cities - helped to encourage buyers to enter3 V- X+ v6 t. \2 `. v
the market.
+ n. w& @, G5 M' ?, c; F) {* H1 A! w7 {4 c6 e# \5 W' q2 H2 m4 k
In Regina, the market experienced a slight seasonal slowdown through5 P( G) V( o. e- C! a" A& W( o, ~
July, as there were fewer purchasers in the market due to summer vacations. In8 Z& v2 F8 X8 h3 B# }
August, activity resumed to the busy pace previously seen in the spring# q' B1 e' h; b$ k4 A
months, as the influx of purchasers made it more difficult to find a home due
4 e# v" [0 ]2 [# u' A7 M6 Zto the shortage of available inventory.7 |) S$ v/ K$ a- J; A$ I
) \5 n- O& Q7 L Activity in Saskatoon remained brisk as the market maintained its6 i {2 J' j9 L9 a7 Q; c4 ~
momentum from the busy spring sales period. The economy in Saskatoon remains4 H3 S6 F% _/ e
vibrant, as employment opportunities are abundant with many businesses2 E; n4 ~7 r/ P& c+ h; c
struggling to make hires and having to recruit outside the province.
% n( n) ?5 D' @9 P3 n e( L8 ^' z. f" }4 \( G/ ]1 h
Calgary's housing market recorded blazing average house price increases
; U0 g4 ~: Y. l5 h3 ]# Z3 w: xin the third quarter, in all surveyed categories. The burgeoning economy, low/ E1 W& Q( s9 b( }
unemployment rates and low inventory levels remained the leading factors that; G' S0 A- V: e' W3 p* k" ~* R5 y
pressured Calgary's house prices upwards. However, regardless of the soaring
* |- G A/ M0 n% F' n! vprices that characterized the market - even during the typically slower summer* c" X. |2 P& {5 w
season - it is expected that activity will become slightly more balanced, as g5 c8 Z# a' `( x. b5 m9 _6 v
buyers are becoming more reluctant to participate in the frenetic activity.
8 P4 W8 U0 u& l. m( } s* g' S' q
Edmonton's booming local economy continued to thrive in the third quarter# {" w7 ~; T$ @4 s
as activity in the oil sands north of the city continued to flourish. Edmonton
! J1 z" @4 t }3 v; @remained the hub of activity for those coming to work in the oil industry,) H. p8 K, z4 m% z1 K+ T
maintaining tight inventory levels across the city, resulting in prices
# ^' I& e+ z2 L: A$ v) J0 ?6 o2 Vincreasing at record levels. However, as inventory levels continued to improve# i2 B4 b9 @! R V* h4 y X
in the third quarter the rate of price appreciation should moderate slightly5 N( Z2 \; Y6 ^1 m! J* H
towards the end of 2006.
- E! r/ ~& f' z2 r3 v! F) z' Y: u& I: X& C% u2 L: N
While Vancouver has seen a slight reprieve from the severe shortage of
$ t9 s+ K7 }; sinventory that had previously characterized the market, supply is still unable; w" P0 B% F8 R2 j8 g7 f
to meet demand, driving house prices upwards. Vancouver has a very diverse
8 D. O/ B+ q5 D. p6 N+ w2 ~: ogroup of active buyers - from first-time home buyers to baby-boomers to
" q- y5 }# t R2 J. bforeign investors - all of whom fuel the demand for houses, placing added. I# E" ~1 ]* T5 n% X
pressure on tight inventory levels.* b+ r8 r) ]4 z! ?: i% V$ n/ H/ |
9 n" N. C, E/ V( i( [
Victoria's market is vibrant and supported by strong economic
V) s* C2 {1 Dfundamentals, fuelled by a booming tech sector and a migration of young people5 y3 X' ]8 R( s- O: `: |
into the city that has continued to support the area's house price increases;
$ F. G$ B% [' ~3 W% P& A, gwhile increased inventory levels have afforded buyers more time when searching
1 r' R& v& U0 {for a home, helping to normalize the market's pace.
' O& q' @4 w- ?, C6 d# E
9 s4 q) U% b; z7 ` m7 x# ~1 { <<
2 o6 M# ]2 u3 D" s Survey of Canadian Average House Prices in the Third Quarter 20064 P3 k* a' G' L; Z* ?( H. L
% M' m) @% A9 D. ]
-------------------------------------------------------------------------7 D) d- _! K: b6 r) Y2 I5 a
Detached Bungalows Standard Two Storey
$ Y' m! }1 x2 A4 T1 ~% S -------------------------------------------------------------------------
6 |8 D6 J' ]) L 2006 Q3 2005 Q3 Bungalow 2006 Q3 2005 Q3
$ d1 o; ]0 J! r% ~3 z Market Average Average % Change Average Average
! X: d3 w" @7 y. i -------------------------------------------------------------------------
1 [0 s9 V( N" [! D" h1 X Halifax 186,333 173,333 7.5% 198,667 199,000
! h* p' M- n; C; c6 \0 r -------------------------------------------------------------------------$ ?+ r" c4 u) _/ b
Charlottetown 145,000 141,000 2.8% 175,000 170,000
8 I% g& L/ t! j" @% [, U -------------------------------------------------------------------------
5 R h* P& o6 f: ?5 i3 M, l1 T Moncton 135,000 127,000 6.3% 129,000 123,000' l: [1 F7 ^& R( a3 ?
-------------------------------------------------------------------------+ [0 n9 a$ z' V _# p, R6 v' E
Saint John 141,200 142,900 -1.2% - -& t0 I6 @; y- t z4 S2 z6 D* B8 N
-------------------------------------------------------------------------
3 G% @/ `& z/ e. s, l) h" _- [7 T0 a St. John's 143,667 142,667 0.7% 200,667 202,333% V) h* R0 U9 H6 ? ?. Y7 I
-------------------------------------------------------------------------8 u/ k9 X, a: F! z, n
Atlantic 150,240 145,380 3.3% 175,833 173,583
1 z# ]4 j( ]4 ] -------------------------------------------------------------------------
# N$ n" N1 ~4 R: y9 Q* R' e! _4 u* Z Montreal 213,691 203,500 5.0% 321,141 316,185) S( Q$ m3 D; g7 t8 V
-------------------------------------------------------------------------, b, A+ S9 Z% C# \( I: E4 i; r
Ottawa 290,083 278,417 4.2% 285,667 273,250% Z I! m( i. L- b5 k
-------------------------------------------------------------------------
1 b. Y' M1 J6 f% y# q Toronto 373,368 355,882 4.9% 481,523 474,7668 l7 J2 o# ?) N) L! n- g5 O+ B
-------------------------------------------------------------------------# p( I5 i$ ?$ Q: h8 z% l: i
Winnipeg 181,579 159,860 13.6% 202,337 180,707
v2 B" S9 g) J+ X -------------------------------------------------------------------------! I4 ~7 ~! F: a
Saskatchewan 170,667 156,083 9.3% 182,600 166,500
( H. ]6 f- @0 A' r -------------------------------------------------------------------------
, q& k {- n# Y) b! I7 J0 [, |/ f Calgary 395,067 252,411 56.5% 405,778 264,389, @. ?: H" M9 z) D2 S
-------------------------------------------------------------------------
2 B3 N; k" [: L+ R6 {6 b* L: P Edmonton 286,857 194,857 47.2% 316,429 206,714' y; u' E4 W3 Q# I# G
-------------------------------------------------------------------------
$ ?1 g2 _: Z8 V3 M: ^3 q Vancouver 704,250 601,000 17.2% 794,000 697,500
7 _/ D( n0 H' q, K9 n# X -------------------------------------------------------------------------( p) K, B9 L9 [' S" A+ l
Victoria 375,000 348,000 7.8% 403,000 391,000
, i7 Y" J, r( @" f -------------------------------------------------------------------------
3 r) u0 M4 z" A- j National 300,365 258,202 16.3% 365,380 322,860" c' S% F1 r& r) B$ v0 Q$ M* x9 E
-------------------------------------------------------------------------
: [' ], V0 a, y; U! J1 B F0 c/ D/ I3 R+ ]( c: Z4 a; V5 p
-------------------------------------------------------------" J* `" \& z1 Z5 l
Standard Condominium
: J6 u, u0 r# k w f& j7 N% C2 q -------------------------------------------------------------
7 m0 P- N8 d* ]% C$ G- S4 k) o 2-Storey 2006 Q3 2005 Q3 Condo/ H! C. ?! D& d9 G! `5 d. m- U
Market % Change Average Average % Change
& h; l7 S, ^$ ^& | z -------------------------------------------------------------. P; P, [. n, J4 p0 V: `( K
Halifax -0.2% 142,000 103,000 37.9%; O+ Z) C" `. P) m9 {$ W
-------------------------------------------------------------9 N+ X J& j" W6 s# Q8 R. B
Charlottetown 2.9% 98,000 98,000 0.0%
( |2 u, `) O5 O/ q6 m; N -------------------------------------------------------------
/ U h: b) q6 p& Y% W/ a% n3 X. y: z& E Moncton 4.9% - - N/A, y4 c$ q& [3 |1 T
-------------------------------------------------------------& C' G/ a6 l9 ]6 n* U8 c4 `3 i
Saint John N/A - - N/A
; m' b- i5 F. N+ p1 b5 S2 [ -------------------------------------------------------------4 Y9 Q9 [- w; q
St. John's -0.8% 146,333 145,667 0.5%9 B! B! a7 J$ u# S
-------------------------------------------------------------
( v! w4 D+ e' ?7 J Atlantic 1.3% 128,778 115,556 11.4%
. h% I/ U- R. I. Z$ c/ x -------------------------------------------------------------
! R @$ u" Z9 ? Montreal 1.6% 193,190 188,016 2.8%3 t0 T1 z) C/ S
-------------------------------------------------------------3 S; m) T" V ]+ C) B' n
Ottawa 4.5% 181,083 172,250 5.1%
. y2 Q+ t W9 I' G f8 u -------------------------------------------------------------
- L& o( o5 J8 N7 R3 w Toronto 1.4% 252,088 242,918 3.8%
1 P6 \/ O. P4 X6 z -------------------------------------------------------------
: z+ S/ \$ p( ` k6 o Winnipeg 12.0% 105,648 96,008 10.0%
' s! _8 N S8 t+ g5 p -------------------------------------------------------------; {" r1 n+ ^, {! i4 Z
Saskatchewan 9.7% 106,250 101,000 5.2%0 ^* Y$ P# O4 @8 w
-------------------------------------------------------------1 v) n7 a3 p' B: o
Calgary 53.5% 245,844 153,867 59.8%+ X2 [0 O, O4 }% ?' g: A0 b
-------------------------------------------------------------
0 c& n9 H) Y1 {: A Edmonton 53.1% 200,433 131,500 52.4%( ?; y U+ T; I; d7 r% }+ Q- U3 G: z1 J
-------------------------------------------------------------
4 | r: w# q/ Y# ^, b Vancouver 13.8% 366,250 323,250 13.3%
2 P# x1 B* U8 _8 d3 a: V -------------------------------------------------------------2 F9 @8 B e9 |, O' N8 J
Victoria 3.1% 229,000 220,000 4.1%
: ]. a+ g$ O9 s% D! i' w# ` -------------------------------------------------------------. _( c7 ?$ D+ w1 m2 t. o3 r
National 13.2% 211,562 185,296 14.2%
- X4 l, I; P% K# v; |% Z: S -------------------------------------------------------------
2 H; c& Y( ~& } >>
$ m" J, H& N# B/ b. W
* q2 a" z: d: n' p/ r/ S7 Y Average house prices are based on an average of all sub-markets examined
, F: F7 p A1 _7 ein the area, except for the smaller markets of Charlottetown, Moncton, Saint
1 [$ F( k) R# Z1 dJohn and Victoria.0 G& }- ?! `" | a
3 B4 ~' y, Y% j* u9 {' J
The Royal LePage Survey of Canadian House Prices is the largest, most' G9 f8 A7 C( k* {/ ^3 B
comprehensive study of its kind in Canada, with information on seven types of
5 a$ R. z# f$ }housing in over 250 neighbourhoods from coast to coast. This release
. ^/ o1 X' T+ ?# P4 i' n, c' z2 g& Zreferences an abbreviated version of the survey, which highlights house price
+ `( N# C( i+ y/ N) ^7 ctrends for the three most common types of housing in Canada in 80 communities
% `( M R9 G$ F5 z1 _/ aacross the country. A complete database of past and present surveys is0 V2 _1 \+ V: X( Z3 L
available on the Royal LePage Web site at www.royallepage.ca, and current
7 P; s, ~9 I+ \; M$ J6 Ffigures will be updated following the end of the third quarter. A printable1 s9 ~) m8 Y1 u8 b. z1 X: g
version of the third quarter 2006 survey will be available online on
/ I$ Q- K0 m, lNovember 15, 2006.
# r; `2 Z6 c' _! u% s Housing values in the Royal LePage Survey are Royal LePage opinions of5 y1 w" I. U7 t$ q. ^, M8 r$ [9 ^
fair market value in each location, based on local data and market knowledge/ u5 _ p, a2 m/ |. Y' @
provided by Royal LePage residential real estate experts. Historical data is$ n+ F" ^0 l. F/ Q
available for some areas back to the early 1970s. |
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