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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
# ]* Y6 w. x& E: ]- ~6 [5 b- U4 l3 C/ P8 Z: N
- Country's market poised to show growth throughout 2006 -
0 @7 y1 I6 I* ]3 S6 V+ ~5 U
7 d( B; z1 p( R9 N- z    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market/ F# E- H) A  P8 T' N" N
exhibited moderate price increases and stable unit sales during the third$ P- B' Q+ t: f0 }4 n
quarter. Wide regional variances continued to be the dominant characteristic; R, s( h) {: x- _
in the market, exemplified by frenzied levels of activity and double digit
7 b2 P+ R. E" f7 Dprice gains observed in the energy and commodity rich Western provinces, and
, s3 L' ~# V2 ^8 C) z; l: o$ tmore reasonable sales volumes and moderate price appreciation in Ontario,
% [1 Z4 i4 K: x$ M; q& Y$ }2 IQuebec and Atlantic Canada, according to a report released today by Royal+ X' F6 G# |9 R7 S8 m
LePage Real Estate Services.5 m0 S) w. g5 f3 P
! M" z. z. ]0 e& G$ x  [
    Nationally, market trends established through the first three quarters
+ q; {& x8 \; I: E8 E8 _# O0 |are forecast to continue for the remainder of the year. Robust economic
* }, D( B8 b& lconditions, low unemployment rates, modestly growing salaries and wages, and7 {: R2 v$ }. D  X
sound consumer confidence contributed to the overall strength of the
$ W2 b! u& N+ Aresidential real estate sector.
' }% h+ x  O! G2 h' ]! |$ W2 ^9 y: U8 l" A
    Of the housing types surveyed, the highest average price appreciation7 D. J: x% r% P% c- O9 a
occurred in detached bungalows, which rose to $300,365 (+16.3%)
' M4 \9 y; }; jyear-over-year, followed by standard condominiums, which rose to $211,5620 `9 e2 I1 ?; l2 m
(+14.2%), and standard two-storey properties, which increased to $365,380
1 W0 T1 X% D8 |4 U7 Y) i! {(+13.2%).
4 ?/ ~) j  t; P/ u) p  t% H, t4 e9 e8 N; D5 P: L% t- @3 K, Y9 h, i
    "Canada's sturdy housing market continued to demonstrate steady growth
5 M$ O+ `1 N* H0 `- {during the third quarter. For all but the west, we have moved on from the' Y, W+ `2 T' c: z5 Z2 T6 x
frenzied expansion that characterized the first half of this decade, and are! m; c( L; O/ v
poised to show continued growth at a more moderate pace," said Phil Soper,
2 D  ?2 Z" Y. z, f$ }1 `president and chief executive officer, Royal LePage Real Estate Services.! e7 o1 E. ~: [4 W! j& d
"Gone is the sellers' market that we have lived with for some years. We
! j8 G# C( @! p. V: o$ Lwelcome the more reliable conditions that are characteristic of a healthy, D" M' ^3 ~1 w8 n+ m
balanced market."
, r5 r9 M: ]6 ?* F$ Q9 ?: M+ W. e; I# g3 @5 o7 R& L
    Despite the double-digit rise in average national house prices,
* }* S' T7 g4 Aconsiderable regional variances were exhibited again this quarter. The shift
4 J6 t0 h* ^7 e2 \6 cto balanced market conditions, which began in late 2005, has continued) A+ V4 Y* S% ]8 Q
throughout most of the Central and Eastern regions of the country. In the core
- a; d) }( u( I. denergy producing western provinces, the combination of very high in-migration,: ~. i$ b* n2 g: b- l2 ~/ `9 ~
manageable affordability, and a shortage of inventory has driven record( j1 M4 A7 A9 x2 |& Y' X, h7 a$ o6 C
breaking price appreciations.
3 t4 e+ }* j! m8 y4 y. R
2 ]. \' V, Q* N    Echoing the second quarter and supported by Alberta's rapidly expanding
1 c4 t0 ?1 @- eeconomy, Calgary and Edmonton led the charge of Canadian cities with the$ K& F" I8 W) t
largest house price appreciation in all housing types surveyed." M, \8 _6 _  y. r  H* f+ `. M! d

9 t/ D* J' u& k, @# r% J    In Ottawa and Toronto, growth remained steady, supported by solid
- X& f2 {! Z/ \economic fundamentals, an increase in available inventory and strong consumer: w/ _7 y3 X" D" D: c% l& v. h
confidence. While the pace of price appreciation in Ontario leveled off
' O! |3 M8 s/ X  R: b$ \slightly, the province's real estate market remains poised for modest growth.% z4 \- Y" i+ ^3 Q
In Atlantic Canada, new housing and condominium construction offered buyers- Y/ {; \$ T$ s( M! {4 C, S. L) y
greater selection at more competitive prices, resulting in a slower rate of. t6 t/ P+ S5 R8 K% [+ V
price appreciation when compared with 2005.
: l- ~' D9 N3 I% L
+ X4 R0 B/ v: i+ K  _# K! N    While the pace of growth in Canada has slowed, the domestic housing0 B' ~5 n: D3 A" K
market is expected to outperform the American market. The economic and1 u- ^2 F0 t( i" x/ P$ j
financial fundamentals driving the residential real estate sector in Canada
3 E' k  o# k8 n) F9 ^! Care markedly different than those found in the United States.
- _8 _% i6 `, l% Q3 x9 r. D0 S; K9 I5 d" J- v
    Added Soper: "Canada's housing market is likely to outperform the) p- a" ~) D4 P- j
American market through 2007. A number of factors are working in Canada's
8 W  o5 z: v  d. b1 }5 Efavour, including healthy personal and governmental debt levels, the
  H+ Z8 C' B5 _& d& G+ L2 nrelatively modest rise in interest rates in our country, and general: U  `- ~4 W6 a
affordability in our major cities. In addition, Americans are now seeing the; o% x# \7 L* s
downside of a tax system that encourages maximum homeowner leverage, and" H# |, f5 J* x8 C. n
aggressive financial products such as zero- and negative-amortization' N5 e, J3 q$ {
mortgages that work only in a high price growth environment."
& {. d/ g+ _& M3 `& g' W. D& o" g5 g" d6 C- \% a
    <<
1 l0 U# n2 u6 {( ^                             REGIONAL SUMMARIES3 ^# x9 g! ?9 B$ L8 s& n
    >>
% ]7 _/ Q3 [. Y8 F3 p) c  T. K: J  `7 \0 q
    Balanced conditions continued to characterize the housing market in" D6 {0 h! S! d/ r+ A
Halifax, as significantly higher inventory levels helped to moderate the rate
/ f: V1 U' k( s# J3 @of price appreciation. Buyers were increasingly choosy, taking more time1 |: |" C2 q+ ~$ Z' `( }; b) j
looking for newer, low-maintenance properties that were not in need of% L1 K, N# m' R" d
renovations.
) i9 e( X- I, f% `5 n! [. F% ^) ?" W4 \) B5 P: {4 k+ }8 U
    The housing market in Moncton remained healthy and strong as a slight
: }! s- A: y  J9 Kincrease in inventory helped to moderate the rate of price appreciation
! \! {, w+ x: }. Y; ecompared to the same period in 2005. Activity was brisk throughout August and' ?& N* {$ s" N& q; }4 i
September and is expected to remain this way through the fourth quarter.
9 d3 `# d8 M  X$ i: l" `
5 t9 U! C. G8 ~    The housing market in Saint John underwent its traditional summer
- d& h) A! u( ]# |slowdown in the third quarter, with activity picking up towards the end of the# @# F( }/ E5 A1 i1 l% h) M
quarter. The local economy continued to thrive, as construction on a new" J. s* B+ y) Z0 D9 ~; y8 W
600,000 square-foot shopping area has begun, bringing several new box stores) L+ p7 i5 V# P" Z  m. Q
to the area. Buyers have begun seeking less expensive fixtures for their homes1 I, t& ~/ F/ j1 ~; }
and are instead opting for more affordable housing options.
5 x3 G8 d6 ~, t/ m! e7 t1 R8 t
3 m7 y- G, c! x) N    In Charlottetown, the housing market started to move towards balanced
4 i, ]; z4 e! S" l; a, ^/ R. |. Vconditions, as some sellers had to begin to lower the asking prices on their0 H) V/ c6 E+ r9 C3 Z& w. W
homes to make them more competitive. Activity from out-of-town and US buyers
8 e. E; ^, w/ |+ C, j' q/ H8 Mwas down slightly compared to 2005, likely attributable to the strong Canadian
# L( S! G2 q+ ^8 ddollar. Inventory levels began to creep up in the third quarter, providing7 N. S6 [$ }. T7 d2 Y0 f7 o
buyers with more options when looking for a home.
8 Y! Q! D: h1 {" ~; [9 X
: j& P% p- T' N$ C3 R    Activity in St. John's slowed slightly in the third quarter, particularly
* ^8 e9 T9 \' ]5 {  K- c/ damong higher-priced properties, where there was a slight over-supply of homes
/ N  t8 q1 L7 C6 L- z4 Qpriced over $200,000. Listing periods have increased when compared with 2005,
1 V9 W% p* |" [as some of the pent-up demand that had characterized the market over the last" C" |) Z- D: `# `- i% Q
few years has been satisfied, resulting in more normal, balanced conditions.
; b0 d) \! N$ e' w9 Z. W
. T3 O3 |8 ?' c% G3 ~) y    Montreal's housing market recorded modest increases in average house
/ I# H- H8 z8 i: Oprices, due to a slight seasonal slowdown in the third quarter as inventory
# U$ D- Q6 e/ D  w3 u) l4 _# Tlevels rose. Part of this can be attributed to the fact that many renting
+ s, R8 M3 _' }first-time buyers were motivated to close on the purchase of a home by July 1,1 N. B! o1 A/ d) d2 l8 R  q5 S
when rental leases expire in Quebec. Once this date has passed some of the' e3 O! k1 y5 x4 |; K8 v2 s
pressure is taken off the market, allowing buyers to visit more homes before8 Z& k6 V( z( F/ q" q
making a purchase.) q+ H1 m/ G& `: o" P7 k- S

* U$ B( U. @+ D6 g% D5 i4 {1 i9 e+ |    Ottawa held its position as one of the country's most stable housing- I1 Z& F$ g9 ~4 G- ^
markets in the third quarter, reinforced by a vibrant local economy and strong# O3 u. I) }5 F; m
confidence, resulting in modest increases in average house prices. The city; {& g' b) x: D5 _$ C2 l
centre remained a bright spot in Ottawa, with homes in this area attracting
# G( x) k/ Z% s3 w1 `! mattention due to their convenient location and proximity to downtown
: ^7 @' i$ w- [  J3 G( Damenities.
% P6 L( y0 g' d  S. h; a* z1 y& ^
    The housing market in Toronto sustained healthy activity levels
4 R! E2 N9 Y9 S0 a2 V% [6 k2 nthroughout the third quarter, as a strong economy helped to maintain demand8 w) m# h) _4 i; `& ]0 V+ {
across the city, causing average house prices to rise moderately. Toronto has! I# l1 X4 S# r% j2 n
continued to experience modest growth in average house prices, and has been
* d' o& H8 o5 b; `7 Z* d* E& xdriven primarily by purchasers who are buying homes as their principle3 T1 ~7 A7 L! @: I8 f
residence, rather than for investment.
: o" N" b* J) e  M! a, Y6 B6 Q& ]4 V5 W  K. f; x+ P- M
    The vibrant Winnipeg housing market continued to show its strength as
9 I3 G6 l0 I6 q4 p) Z2 T& m+ Ehouse prices rose during the third quarter. The booming local economy resulted4 A7 P4 \" \1 u! a+ E
in a historically low unemployment rate, helping to bolster consumer! X4 F) m, i8 |* r
confidence and Winnipeg's ranking as the city with the lowest capitalization
" L: }( e3 c0 y* @3 {rate among the country's larger cities - helped to encourage buyers to enter* }  W" R: b* ~
the market.
; ^7 L1 k! B% g( ~( a  j: r! n' B5 e
5 W% w" ]* d" j4 a2 N. A/ U5 f    In Regina, the market experienced a slight seasonal slowdown through
) Z4 \% [& k8 I6 i' g& x& B' YJuly, as there were fewer purchasers in the market due to summer vacations. In4 @/ h" z) F4 @3 S! G
August, activity resumed to the busy pace previously seen in the spring
3 ?5 D% G1 l/ E; ~5 C, I- b/ {months, as the influx of purchasers made it more difficult to find a home due( A5 H- l9 B; D4 Z4 a% c
to the shortage of available inventory.  g% a7 N4 y, N3 F
. I- D- h% H* B6 H! r# N
    Activity in Saskatoon remained brisk as the market maintained its9 D6 x4 x3 o$ i( S2 h+ i5 D
momentum from the busy spring sales period. The economy in Saskatoon remains2 b5 u- r2 \9 g( x
vibrant, as employment opportunities are abundant with many businesses: J! E) u3 Q6 |" V" h$ w- L. v: u
struggling to make hires and having to recruit outside the province.
& [* \3 h  Q( m1 n; M  O( i/ I# y
$ ?6 n! j: |! X) [, c& D& J6 n, |5 I5 @    Calgary's housing market recorded blazing average house price increases
- D- d) g# h5 Y) E  ^! t6 P$ nin the third quarter, in all surveyed categories. The burgeoning economy, low
" G8 e) `0 z0 [. w: q4 }unemployment rates and low inventory levels remained the leading factors that
" T# R3 s1 l7 @$ X. E# Qpressured Calgary's house prices upwards. However, regardless of the soaring7 o* f0 }  B& V- s/ R- \
prices that characterized the market - even during the typically slower summer
0 @, j5 }  _8 \# j/ K! aseason - it is expected that activity will become slightly more balanced, as' c& G9 D$ m/ G+ S7 K
buyers are becoming more reluctant to participate in the frenetic activity.

; r1 I( J; A! e6 M3 [/ L6 W+ t+ _" h2 I# u8 f# R' \6 |, X7 Z
    Edmonton's booming local economy continued to thrive in the third quarter
; M8 ?( n7 v+ T/ W4 fas activity in the oil sands north of the city continued to flourish. Edmonton8 J1 I- ~0 p& v9 d( ]( u
remained the hub of activity for those coming to work in the oil industry,
4 Y8 l. \9 r2 F& Y' {maintaining tight inventory levels across the city, resulting in prices
/ u# q, G4 s0 Z. T5 ]increasing at record levels. However, as inventory levels continued to improve; o7 I% a1 G8 u7 [9 o' `  L9 l
in the third quarter the rate of price appreciation should moderate slightly
% K2 H' g& m1 t6 `* vtowards the end of 2006.
   
8 _8 E2 j3 x# N
) K( s6 g$ m3 fWhile Vancouver has seen a slight reprieve from the severe shortage of( v2 J. Q% e. z" G5 J/ X7 g) w
inventory that had previously characterized the market, supply is still unable. G3 d' R7 e% K7 p$ }
to meet demand, driving house prices upwards. Vancouver has a very diverse. H( i- y0 V$ g2 H) \& x3 o
group of active buyers - from first-time home buyers to baby-boomers to
. ?- L2 ]/ F4 dforeign investors - all of whom fuel the demand for houses, placing added" g. n( x/ B8 M! d" e. O
pressure on tight inventory levels.
8 P1 ]3 Z: h6 s  U: |
% ~4 j- D' J; z5 Q    Victoria's market is vibrant and supported by strong economic; S- L/ u8 k2 i. |9 p* k2 M+ Q: ]  F9 r
fundamentals, fuelled by a booming tech sector and a migration of young people* `9 y9 `: u: j
into the city that has continued to support the area's house price increases;7 a( j" K" o: y% ?0 q: c' `
while increased inventory levels have afforded buyers more time when searching3 Y7 ^7 a6 u8 }/ ]
for a home, helping to normalize the market's pace., X$ t2 \' X0 I0 U

6 l6 x3 @% x2 W9 D# ~, @    <<
7 l! v) n# @# G& z- ]      Survey of Canadian Average House Prices in the Third Quarter 2006
/ M6 a$ Z2 y7 p8 N# c
8 l7 w$ b2 y. v+ N! X( r( W0 R    -------------------------------------------------------------------------
# E+ W2 z6 j" ^7 I4 G* N  |3 k  G- l4 _                 Detached Bungalows                Standard Two Storey* \) I5 U( l' c7 w
    -------------------------------------------------------------------------7 D, M# k* X: J! t
                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q3$ t  p0 i% m% M* k
    Market           Average     Average    % Change     Average     Average
+ a: u0 X' J( Q6 X; V0 R% b    -------------------------------------------------------------------------/ |) z5 I* ?& t# `" z# N7 _
    Halifax          186,333     173,333        7.5%     198,667     199,0008 k2 H& C' T. Q1 I8 o& _2 H
    -------------------------------------------------------------------------
/ y' Q" W2 S  y* g6 \7 T$ W1 I9 W    Charlottetown    145,000     141,000        2.8%     175,000     170,000+ d8 i; x. F, F9 p' a9 r
    -------------------------------------------------------------------------
% s1 k. R: L, R    Moncton          135,000     127,000        6.3%     129,000     123,000& j/ s! R, p* Z6 Z6 X8 R
    -------------------------------------------------------------------------, Y: V' N; o8 Z( c  @, F& d+ m
    Saint John       141,200     142,900       -1.2%           -           -' R3 o0 l: W  g( B
    -------------------------------------------------------------------------
! U0 d. W, ]9 l0 X5 k; S    St. John's       143,667     142,667        0.7%     200,667     202,3332 r- h4 j) o6 ^" P
    -------------------------------------------------------------------------
9 g8 j5 |3 f: h6 D6 I: o    Atlantic         150,240     145,380        3.3%     175,833     173,5830 {! c" l( {9 U3 O8 ?% P. ^
    -------------------------------------------------------------------------  K9 |. q' X5 n) }
    Montreal         213,691     203,500        5.0%     321,141     316,185
1 ?2 l8 X& Q4 d9 }) p6 \% k. [    -------------------------------------------------------------------------
- _: V! x& {& U* X, A8 {    Ottawa           290,083     278,417        4.2%     285,667     273,250* b" L1 j1 x; R& B1 }
    -------------------------------------------------------------------------0 u+ [' v# o. H( a! r. v
    Toronto          373,368     355,882        4.9%     481,523     474,766
5 X' c0 ^& l$ U( V2 |' |0 [; s    -------------------------------------------------------------------------$ I/ k4 ~7 b" X
    Winnipeg         181,579     159,860       13.6%     202,337     180,7073 ~+ V$ Z" ^/ A8 s) A
    -------------------------------------------------------------------------
- O9 U0 y: G& Z# [, R    Saskatchewan     170,667     156,083        9.3%     182,600     166,500
: g. `3 ?) x; x! b    -------------------------------------------------------------------------, q# N1 H& d1 s3 T% J. {$ j
    Calgary          395,067     252,411       56.5%     405,778     264,389# w8 t! c4 u  I. p
    -------------------------------------------------------------------------: l4 J" H* ?' _
    Edmonton         286,857     194,857       47.2%     316,429     206,714
9 `. ^9 w/ f3 v. P. \3 @" O* X    -------------------------------------------------------------------------
+ h2 d9 ]  D! U5 G- z4 z2 g    Vancouver        704,250     601,000       17.2%     794,000     697,500. `- C* J: I: j! e5 ^# _
    -------------------------------------------------------------------------
* y: C# r8 J1 @# p8 I+ a    Victoria         375,000     348,000        7.8%     403,000     391,0007 X5 F5 H0 m$ r' k8 l
    -------------------------------------------------------------------------' S( L6 I! m6 Z# E2 k/ k7 z1 x
    National         300,365     258,202       16.3%     365,380     322,860& `! L* i  `) ?- b9 F& K( G2 f
    -------------------------------------------------------------------------* E$ l3 K, C. D' W
: s: C+ X7 T0 L0 _; W: N6 c
    -------------------------------------------------------------
; U1 @; I6 v0 B5 K                               Standard Condominium
+ v; b+ D+ Y5 ?! ?# A% u    -------------------------------------------------------------
& _; F+ a3 C2 s8 h# z+ o% r                    2-Storey     2006 Q3     2005 Q3       Condo  j" V: u9 B- z
    Market          % Change     Average     Average    % Change- P4 k" t; @+ q6 H( ~# i, H4 [
    -------------------------------------------------------------; j3 |( x9 W9 ]/ U
    Halifax            -0.2%     142,000     103,000       37.9%0 H2 Y$ G& M  e2 n. a: K' u' ^/ _8 ~
    -------------------------------------------------------------* D4 ]8 r. v) B: n$ i9 p" X
    Charlottetown       2.9%      98,000      98,000        0.0%
! e7 A% G5 Y2 X" L    -------------------------------------------------------------3 I. T3 e/ p$ R' r. h
    Moncton             4.9%           -           -         N/A9 n! Y- A4 T* M, ~, U+ f2 V
    -------------------------------------------------------------. j# n. C" k9 y/ ]% d
    Saint John           N/A           -           -         N/A" _4 u6 W/ h0 x$ `1 T( ?
    -------------------------------------------------------------
0 Z6 i) j6 Y) C& f! S' D: Y    St. John's         -0.8%     146,333     145,667        0.5%
* S4 a3 y* N0 H( C# s% W$ X" G    -------------------------------------------------------------. x# [$ u# F1 b8 W+ C/ v8 j
    Atlantic            1.3%     128,778     115,556       11.4%) t. u9 ~# ?) J. v7 {6 S
    -------------------------------------------------------------
$ [8 K! |9 V( o8 |( P+ t2 s    Montreal            1.6%     193,190     188,016        2.8%. {. I. L9 q3 o. q( g% ?
    -------------------------------------------------------------1 ]5 `3 M0 p; J5 j6 \3 X
    Ottawa              4.5%     181,083     172,250        5.1%' A: `5 r/ ?+ {; B; s
    -------------------------------------------------------------
, X" `0 f$ l! z; f9 ^    Toronto             1.4%     252,088     242,918        3.8%6 ?! i: ~4 r0 I& b7 z& k1 x4 q$ w, R3 R
    -------------------------------------------------------------
/ S# Q# l% n; g/ n0 @    Winnipeg           12.0%     105,648      96,008       10.0%
6 Y+ s) a9 `9 L, _1 j    -------------------------------------------------------------
( V# g/ _- q, W, m/ j" K. h% \    Saskatchewan        9.7%     106,250     101,000        5.2%
! \; ?. T: G# l8 r1 b    -------------------------------------------------------------7 `, N. C% b0 E& q5 S  _; w& Y
    Calgary            53.5%     245,844     153,867       59.8%9 Z# f: [8 r! V2 B2 r0 ?
    -------------------------------------------------------------: C+ P' l4 J3 ]5 g. X
    Edmonton           53.1%     200,433     131,500       52.4%; |0 \: Q9 ], @5 q. u+ L
    -------------------------------------------------------------
' C) e* K/ j$ a& _! @) s/ F$ Z8 C, \    Vancouver          13.8%     366,250     323,250       13.3%0 d$ p1 w1 g& j
    -------------------------------------------------------------8 Z& Q/ L! H: l$ m; O2 i. L9 s
    Victoria            3.1%     229,000     220,000        4.1%, m- D. B2 {# j$ E! _2 g) t
    -------------------------------------------------------------- w! G0 H6 q) |+ R( f
    National           13.2%     211,562     185,296       14.2%$ \( B& h5 }. v0 X$ F. v
    -------------------------------------------------------------1 |8 U+ s* p6 r, G6 J) i
    >>& f8 u2 ~- a9 M

, ~: P) c8 o  s9 O# t    Average house prices are based on an average of all sub-markets examined8 F" d% W. z9 k0 J9 g. Q
in the area, except for the smaller markets of Charlottetown, Moncton, Saint
" {9 t9 ?: y& g6 IJohn and Victoria.
/ c$ M# o$ b) ~1 ?+ `6 e; g3 D- f! U
    The Royal LePage Survey of Canadian House Prices is the largest, most, D# }( k3 {( v9 f* N3 I
comprehensive study of its kind in Canada, with information on seven types of
) t% |6 E+ Z" _2 m  b5 L5 {2 y2 N+ N6 phousing in over 250 neighbourhoods from coast to coast. This release
6 _; z. N' P" T& q! l& Treferences an abbreviated version of the survey, which highlights house price
3 t$ _/ r/ D/ \/ k0 \% B0 B3 Vtrends for the three most common types of housing in Canada in 80 communities+ Y2 U( R/ q8 K' C6 M% b9 Z
across the country. A complete database of past and present surveys is
! _/ p' G, t/ y5 }4 T% u/ C/ I/ ^available on the Royal LePage Web site at www.royallepage.ca, and current
. w- ?4 Q: S+ w5 j$ t& ffigures will be updated following the end of the third quarter. A printable! P  M0 [5 c3 a/ f; q0 O4 A
version of the third quarter 2006 survey will be available online on
7 i( a: B) B7 Y2 ?' P' B' ]November 15, 2006.( ]8 x9 a5 G* L3 a
    Housing values in the Royal LePage Survey are Royal LePage opinions of
# U, k# B6 T+ u. U% R/ ufair market value in each location, based on local data and market knowledge
$ ]6 Y' S, V5 S2 yprovided by Royal LePage residential real estate experts. Historical data is
- r# P8 m% L5 @! M$ zavailable for some areas back to the early 1970s.
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