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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 0 L$ B' a9 ]- E  [

" J5 o0 {3 i3 X+ p- ~- n- Country's market poised to show growth throughout 2006 -$ J+ g! u1 u' q( p6 ?) @. J  U* Y

7 _# r" H+ F8 M3 Z. N    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market
: S$ `: M6 O# Q# Dexhibited moderate price increases and stable unit sales during the third% i$ T5 t" r( U7 n
quarter. Wide regional variances continued to be the dominant characteristic
# ^3 z% T  n+ o; ?) yin the market, exemplified by frenzied levels of activity and double digit: e  J& Z2 x5 p4 u* ?
price gains observed in the energy and commodity rich Western provinces, and
& t0 v  S* f7 L$ S. B( [* h  Smore reasonable sales volumes and moderate price appreciation in Ontario,8 v4 @' I& ^5 a2 j
Quebec and Atlantic Canada, according to a report released today by Royal
' i- Y/ n- q; I5 h# w0 xLePage Real Estate Services.
) G4 T, N1 D8 ]2 k8 q* f3 k0 y5 J  ]0 [0 j/ a5 R5 H1 `1 C
    Nationally, market trends established through the first three quarters
, U4 l) J) n/ I0 c3 n' uare forecast to continue for the remainder of the year. Robust economic4 t" a/ @7 Z* k8 b, x9 m' w
conditions, low unemployment rates, modestly growing salaries and wages, and
, o- x9 K' _9 R3 X% V: @sound consumer confidence contributed to the overall strength of the
7 a- p2 ~- Q; n; e4 W9 Z* vresidential real estate sector.
+ B5 {) k/ U7 L, E+ t) \' n. |9 l) o1 n/ i8 ]/ |8 x6 o
    Of the housing types surveyed, the highest average price appreciation5 G/ L3 o2 j6 M4 [6 C
occurred in detached bungalows, which rose to $300,365 (+16.3%)6 @) w) G5 u9 p
year-over-year, followed by standard condominiums, which rose to $211,5627 Z& S1 n5 E/ h
(+14.2%), and standard two-storey properties, which increased to $365,3803 v/ [4 i# g3 L, E7 z' `+ d( O! x
(+13.2%).
/ t$ ~: h$ [5 ]5 M9 J- \# y2 ]' {5 D" I! M/ }! r$ o- p9 z% u
    "Canada's sturdy housing market continued to demonstrate steady growth
5 u, z7 K1 C$ g& Z/ v5 W# K& ~during the third quarter. For all but the west, we have moved on from the
( D( p5 L8 |* Gfrenzied expansion that characterized the first half of this decade, and are
* q" R. c# `; E5 spoised to show continued growth at a more moderate pace," said Phil Soper,
4 i. M6 |  D6 x" \1 s7 kpresident and chief executive officer, Royal LePage Real Estate Services.1 B+ U" O1 c) t- f% g: O
"Gone is the sellers' market that we have lived with for some years. We( T, P7 M: e1 |
welcome the more reliable conditions that are characteristic of a healthy
% ~8 f: V, Y9 V/ K! [balanced market."  P  i4 O1 @9 p0 l9 s# a
. S. h' l1 S/ l5 _& n$ Y  o
    Despite the double-digit rise in average national house prices,/ O# O9 t" E9 [
considerable regional variances were exhibited again this quarter. The shift
5 S( [$ s( Q3 j* E# g9 ato balanced market conditions, which began in late 2005, has continued
* s! p: R3 k5 c8 Pthroughout most of the Central and Eastern regions of the country. In the core; y  |: t5 g$ L2 C. I6 ?; x& Q; h
energy producing western provinces, the combination of very high in-migration,
" _7 s) C# L1 m; Z+ ^/ h$ \0 u$ e9 f6 Rmanageable affordability, and a shortage of inventory has driven record( Y) t, o, D1 Q$ q
breaking price appreciations.# ?5 R! V0 P4 U# _8 Y. Z; X

$ ]7 s8 ]' z) ^) ?& Y. Z; W    Echoing the second quarter and supported by Alberta's rapidly expanding1 Q. V5 t8 n0 I; \! d
economy, Calgary and Edmonton led the charge of Canadian cities with the
+ |$ m7 x  e: ~largest house price appreciation in all housing types surveyed.
8 K5 `: l- z4 e2 Q& {! @1 V! B  E& ?; o" b9 F
    In Ottawa and Toronto, growth remained steady, supported by solid
& l/ Z1 a/ k6 \. D* ~: leconomic fundamentals, an increase in available inventory and strong consumer
' s, S  F6 N! q" _confidence. While the pace of price appreciation in Ontario leveled off
& i) V' [3 M( q7 D2 o0 Mslightly, the province's real estate market remains poised for modest growth.1 s9 k; M9 Z! h6 L# M
In Atlantic Canada, new housing and condominium construction offered buyers2 j2 l3 C+ C+ d" p
greater selection at more competitive prices, resulting in a slower rate of
( a9 e5 p) l3 \  @- eprice appreciation when compared with 2005.
7 `1 |& B3 m* Q" ^7 g' r' H
- R2 f: L' y1 j, ^% i    While the pace of growth in Canada has slowed, the domestic housing
) M/ ]4 l) V3 B5 @8 \; emarket is expected to outperform the American market. The economic and: r2 o8 P$ y0 U0 C$ n
financial fundamentals driving the residential real estate sector in Canada
  d# j# u, K1 C7 [are markedly different than those found in the United States.
, O  _) H! I, b: z( X
3 x0 _6 I( M+ k( z6 ^    Added Soper: "Canada's housing market is likely to outperform the
) |6 }. w- F$ n3 r# @: ZAmerican market through 2007. A number of factors are working in Canada's
, m& O# ^' ]$ I, p& A5 `0 lfavour, including healthy personal and governmental debt levels, the
% ?/ ~; i3 Y6 M$ S- p1 orelatively modest rise in interest rates in our country, and general
, ?- _; `. y# C( O5 V4 E  Qaffordability in our major cities. In addition, Americans are now seeing the8 b. D2 H) ~" _. a5 ]
downside of a tax system that encourages maximum homeowner leverage, and3 {1 j: f* @. c. o3 ^4 ~% l" ?
aggressive financial products such as zero- and negative-amortization
: H2 y7 H* R* p& i' D+ Bmortgages that work only in a high price growth environment."
7 A' i3 C7 v* A# J: d6 W& C9 G& |, c; j0 }0 A
    <<7 o4 W8 B1 W! _3 \7 C' [
                             REGIONAL SUMMARIES
2 ^; h; q# s0 m* m    >>% Y$ L( C* i- \5 E  E' o
! a, V" m' u1 b% u+ o# D/ x+ y
    Balanced conditions continued to characterize the housing market in5 }9 f% D& [6 ~: C% T; E
Halifax, as significantly higher inventory levels helped to moderate the rate
% ?5 o! K9 v2 aof price appreciation. Buyers were increasingly choosy, taking more time2 l" H% V% g+ c+ r
looking for newer, low-maintenance properties that were not in need of
& Z% W$ G- \+ Urenovations.9 c% R  z8 \' F/ ^
# C3 C) G, Y/ H. C9 c
    The housing market in Moncton remained healthy and strong as a slight
$ v8 }, w" j+ qincrease in inventory helped to moderate the rate of price appreciation
; }; f$ f, n6 S4 B* kcompared to the same period in 2005. Activity was brisk throughout August and2 k0 y  f2 @: J8 f1 K
September and is expected to remain this way through the fourth quarter.0 [7 p$ f; ?9 D6 H0 E; F
; Z2 t  d8 `/ }2 U. s
    The housing market in Saint John underwent its traditional summer
- ^2 i* K# C1 L) V' \& ^slowdown in the third quarter, with activity picking up towards the end of the
3 O! |: @3 w9 Y) E6 W5 B6 b7 Wquarter. The local economy continued to thrive, as construction on a new0 Y! k& j; ^9 t# b$ D. V
600,000 square-foot shopping area has begun, bringing several new box stores( b/ m+ p4 x& J; g
to the area. Buyers have begun seeking less expensive fixtures for their homes
0 U- M; j! z, Z2 land are instead opting for more affordable housing options.7 p* v/ Y& m% p7 R, ?

9 K" M9 [6 R4 r8 ?    In Charlottetown, the housing market started to move towards balanced
& G0 O5 ~- g& O! }3 cconditions, as some sellers had to begin to lower the asking prices on their
0 N$ t! _5 C3 h+ H' x$ }" I9 X. lhomes to make them more competitive. Activity from out-of-town and US buyers- r. @6 L) ?& E0 w$ l
was down slightly compared to 2005, likely attributable to the strong Canadian* v4 W# o% ?. Q
dollar. Inventory levels began to creep up in the third quarter, providing
; `6 J1 I9 f+ ~2 ebuyers with more options when looking for a home.
2 `* z# @8 E( R4 |
5 [0 o; b# K5 t" ^# ]* [- Z6 Y3 d    Activity in St. John's slowed slightly in the third quarter, particularly! ^, W9 Y8 F( A) s; `8 o- R+ w  L
among higher-priced properties, where there was a slight over-supply of homes
6 Y7 M8 p! O* Y5 q0 ?priced over $200,000. Listing periods have increased when compared with 2005,
, K0 n$ k; L7 r: yas some of the pent-up demand that had characterized the market over the last
+ I4 e2 w9 g) e7 S  A1 xfew years has been satisfied, resulting in more normal, balanced conditions.
* {( S  V6 U5 r/ k! ^% Q+ \3 {. M  u# T6 C- E; k
    Montreal's housing market recorded modest increases in average house
: s4 m7 E' d# D; ]prices, due to a slight seasonal slowdown in the third quarter as inventory
/ Q7 X9 h2 i/ r% x& R5 @2 Slevels rose. Part of this can be attributed to the fact that many renting! T& z6 j2 X) u
first-time buyers were motivated to close on the purchase of a home by July 1,2 _5 l9 ?1 U1 l! o1 [- {
when rental leases expire in Quebec. Once this date has passed some of the3 B3 R" C5 P" ~3 A# ?
pressure is taken off the market, allowing buyers to visit more homes before
$ F1 v- a# {7 X6 P2 B) bmaking a purchase.
4 `2 {2 K; d; K( ]0 B3 b
; b* ~9 c/ w4 D3 v( B3 J% A; L0 P    Ottawa held its position as one of the country's most stable housing
" u$ p2 t) N7 a- E* z/ ^7 p! zmarkets in the third quarter, reinforced by a vibrant local economy and strong
+ }& H7 @! o) Oconfidence, resulting in modest increases in average house prices. The city
( i, ?0 T* V) c  A1 ^: jcentre remained a bright spot in Ottawa, with homes in this area attracting
; r1 X& T3 I% T6 |7 G- I; ~* w- {attention due to their convenient location and proximity to downtown$ m; Q$ \2 q+ A* Z, n7 ?( n
amenities.  A1 W& {$ B- k! n6 W0 G( K
3 y* s  W( J. ?! L+ a$ H& l
    The housing market in Toronto sustained healthy activity levels! A5 k3 S' D3 A- T
throughout the third quarter, as a strong economy helped to maintain demand6 ^) Q; o/ ~% D: X
across the city, causing average house prices to rise moderately. Toronto has
+ {1 F3 O. l" A# e' \continued to experience modest growth in average house prices, and has been' o* Z! p( K+ m/ `0 g
driven primarily by purchasers who are buying homes as their principle
" Z  ?: F" F- d# k. x/ [3 [1 I1 eresidence, rather than for investment.
* R' |& s6 T( r5 V
: f4 u6 s! F; ?! ?6 I& A9 g: S4 N    The vibrant Winnipeg housing market continued to show its strength as
# `9 c  l! [4 _; U( w: }: I  Uhouse prices rose during the third quarter. The booming local economy resulted
& k* H: z: l, Din a historically low unemployment rate, helping to bolster consumer
+ m2 Z, @& ?4 [; Y+ }/ xconfidence and Winnipeg's ranking as the city with the lowest capitalization* p* g! W$ E' Q1 k
rate among the country's larger cities - helped to encourage buyers to enter. g# u" {# w1 g; U* ]
the market.
8 L3 w+ h+ r" c" p
; }4 p, ?6 h; l    In Regina, the market experienced a slight seasonal slowdown through, c5 n, p- K3 N" v0 t2 M, Q- {
July, as there were fewer purchasers in the market due to summer vacations. In
, F9 l- r1 `# l1 eAugust, activity resumed to the busy pace previously seen in the spring4 i6 k6 b! w- Q! U
months, as the influx of purchasers made it more difficult to find a home due
3 e7 [! K6 E, p% u/ y" _2 Gto the shortage of available inventory.
' N8 J( z! u; L! }
( _& ?" }6 n" ]# C7 R1 c# U    Activity in Saskatoon remained brisk as the market maintained its' s0 ~0 w% N0 G
momentum from the busy spring sales period. The economy in Saskatoon remains9 P0 \- [, h$ O  F
vibrant, as employment opportunities are abundant with many businesses# }, G6 o' [- [
struggling to make hires and having to recruit outside the province.
8 T8 Q$ K9 q/ M/ _) i6 O3 {1 b) Z. }* ]! ^6 Z2 \. P# s4 R4 N3 I
    Calgary's housing market recorded blazing average house price increases
6 D% p2 _  A8 T# |; Jin the third quarter, in all surveyed categories. The burgeoning economy, low
. s# B9 S; s0 r% ?. j3 o2 f9 Eunemployment rates and low inventory levels remained the leading factors that8 H/ c9 }2 }# H8 G' Z) Z' [
pressured Calgary's house prices upwards. However, regardless of the soaring
: U- M( n# L2 C$ g% v/ w- R9 Xprices that characterized the market - even during the typically slower summer7 n' i, W+ [( Z- q* `5 C0 c
season - it is expected that activity will become slightly more balanced, as
* S; B3 Q7 J9 \; B7 ybuyers are becoming more reluctant to participate in the frenetic activity.
+ _: ~7 n. u9 H6 U3 A" g) P4 l

. v2 m8 R+ c$ i. F1 C3 ?/ w" A/ n( y2 B    Edmonton's booming local economy continued to thrive in the third quarter
, P3 D8 I5 l& w; J  Yas activity in the oil sands north of the city continued to flourish. Edmonton* L5 S% S5 d' l* w3 }4 X2 W
remained the hub of activity for those coming to work in the oil industry,
7 E2 S4 L' K9 A. cmaintaining tight inventory levels across the city, resulting in prices
  G$ B  s$ V6 u. D& E5 [. U" vincreasing at record levels. However, as inventory levels continued to improve' }# G5 R6 J6 v! Z$ ?, C  X
in the third quarter the rate of price appreciation should moderate slightly8 N! H. i6 H$ M# R6 l# m: q+ I5 r
towards the end of 2006.
    ' ^, \  z8 z5 g$ P# V
1 @, l' C9 [1 @0 S% m1 _
While Vancouver has seen a slight reprieve from the severe shortage of
" a6 D: P' H+ S% a( H7 Ninventory that had previously characterized the market, supply is still unable% E% J6 ?8 l7 R8 L9 F* L
to meet demand, driving house prices upwards. Vancouver has a very diverse
% L- x$ o: p4 D9 n" V, c% H* |9 Agroup of active buyers - from first-time home buyers to baby-boomers to2 o+ P1 y# m7 p$ w/ ~6 ^" }
foreign investors - all of whom fuel the demand for houses, placing added: {3 u* l. s) b1 M$ f
pressure on tight inventory levels.
: p4 X  J- I6 L  d
' t# H9 s; j0 Q8 e/ ^    Victoria's market is vibrant and supported by strong economic& X- D$ H# E- u5 r0 Y+ {6 `& d! N
fundamentals, fuelled by a booming tech sector and a migration of young people
: q# c" y) Z7 U. cinto the city that has continued to support the area's house price increases;
2 y& q9 p9 C2 i$ pwhile increased inventory levels have afforded buyers more time when searching/ u$ f: b- d# d
for a home, helping to normalize the market's pace.) W; E; [& g& Q# b0 A

  u7 c5 ?& [; f" E" h! @5 i    <<
3 \) @# B3 [' f6 k0 M  J5 H      Survey of Canadian Average House Prices in the Third Quarter 2006' G- y5 }. S5 k7 F

$ C0 n. ]( D* F0 b! L/ F! @$ G    -------------------------------------------------------------------------
) V& X; n- n$ C) a3 ?1 B" F" S                 Detached Bungalows                Standard Two Storey5 ^: x# o1 @& O7 d; O+ k' c3 ^, L
    -------------------------------------------------------------------------) h; y8 \; E/ |
                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q35 C/ B) m5 p# y' Y# y, m
    Market           Average     Average    % Change     Average     Average
  [( [$ s5 ]) u    -------------------------------------------------------------------------
" L' {% ]( s: M% V+ h  b7 z    Halifax          186,333     173,333        7.5%     198,667     199,0004 k  G- Q1 F  t- f
    -------------------------------------------------------------------------
/ t+ u# y0 u) R  x/ A    Charlottetown    145,000     141,000        2.8%     175,000     170,000$ U( k; p# Q% n0 k. w
    -------------------------------------------------------------------------
2 [- }6 M! X( U! U    Moncton          135,000     127,000        6.3%     129,000     123,0005 H- u* J1 T3 p, c( K
    -------------------------------------------------------------------------
0 p5 ~- s3 P% `. q7 t2 _9 W6 d    Saint John       141,200     142,900       -1.2%           -           -
5 o* E* \3 R/ W/ s$ _    -------------------------------------------------------------------------+ p) v8 e  f/ g
    St. John's       143,667     142,667        0.7%     200,667     202,333
7 L. y3 Y- H( {! X, f1 F. C9 C    -------------------------------------------------------------------------6 B8 q9 |! C7 G+ |9 h- |
    Atlantic         150,240     145,380        3.3%     175,833     173,583' f2 `+ b- X3 C
    -------------------------------------------------------------------------$ i% N4 t9 P( L4 ~( _( x
    Montreal         213,691     203,500        5.0%     321,141     316,185
1 u0 d) C4 {5 d/ \& T& W5 x. X4 n    -------------------------------------------------------------------------
( e; A" h# b$ E" F1 W6 u    Ottawa           290,083     278,417        4.2%     285,667     273,250% \1 B- l0 Q, [$ T7 e) n  D$ P
    -------------------------------------------------------------------------( k7 ]5 e% @2 Z& W' O) C, D2 ^( O
    Toronto          373,368     355,882        4.9%     481,523     474,766% S% R" {9 N3 n0 S, j2 O
    -------------------------------------------------------------------------2 Z  a0 `! f- y6 m
    Winnipeg         181,579     159,860       13.6%     202,337     180,707
; @( e3 E- ]3 j+ s  c/ g& e; W# c, _    -------------------------------------------------------------------------% h8 L# B+ u1 G2 H: {, |
    Saskatchewan     170,667     156,083        9.3%     182,600     166,500
& n7 N- y8 O/ x+ O2 Q/ B: C0 l" U    -------------------------------------------------------------------------; B% h; i' ?- K3 s& [5 `
    Calgary          395,067     252,411       56.5%     405,778     264,389
& m8 F" k3 \! Y    -------------------------------------------------------------------------
+ o0 q8 n' ^- M0 Q4 L. _' p5 j    Edmonton         286,857     194,857       47.2%     316,429     206,714
; W/ r* l. o# H, O7 l    -------------------------------------------------------------------------
$ K7 p1 ~0 x9 c2 E    Vancouver        704,250     601,000       17.2%     794,000     697,500
1 J3 U' K( Q  D0 n    -------------------------------------------------------------------------
) a% j# g( j1 E3 P    Victoria         375,000     348,000        7.8%     403,000     391,000* q7 s9 o$ {6 a
    -------------------------------------------------------------------------
0 K- B: X+ U! `0 B- Z! V2 y# B    National         300,365     258,202       16.3%     365,380     322,860
" D; V1 A. l. Y    -------------------------------------------------------------------------- Q- f" B9 ~6 ~8 M7 v# U1 Z' q
+ W, ~) m& B( v- ~% N
    -------------------------------------------------------------- O3 o; c0 h6 f( M  h  t+ ~2 R8 ~
                               Standard Condominium
0 R: n/ }- U# m# `; Q0 Q4 J1 B    -------------------------------------------------------------
1 A9 r! v* d' \9 J% {( v" [+ p9 O                    2-Storey     2006 Q3     2005 Q3       Condo: r( y) `/ I- g, o8 A2 P4 W
    Market          % Change     Average     Average    % Change# J8 k2 N( g: f9 w  o* b
    -------------------------------------------------------------
( ]" i! A0 f' W    Halifax            -0.2%     142,000     103,000       37.9%
# }1 p. c1 t. m8 X( ~6 @! ~; g    -------------------------------------------------------------$ ]* e* l; u" a. j% `0 q
    Charlottetown       2.9%      98,000      98,000        0.0%% K1 E: K- i- e! ~
    -------------------------------------------------------------1 E1 e. @( P) G" E6 a, T% ]
    Moncton             4.9%           -           -         N/A  E& S: L0 O: y$ H+ w" ?
    -------------------------------------------------------------
% P, ]; O. n% J! S    Saint John           N/A           -           -         N/A
: J" n+ a0 A0 _$ h7 D: Y2 b    -------------------------------------------------------------
0 A, I. K. S' n) f/ [    St. John's         -0.8%     146,333     145,667        0.5%
) h3 Q$ Z: V7 y( O    -------------------------------------------------------------
- D1 `$ W' l' k% p( H    Atlantic            1.3%     128,778     115,556       11.4%+ a5 M  a* |. n  G
    -------------------------------------------------------------* U8 q. U6 _1 |0 \! Z
    Montreal            1.6%     193,190     188,016        2.8%+ J% g$ _7 U0 ^9 Q, N
    -------------------------------------------------------------8 j0 ?9 c4 P& i: |
    Ottawa              4.5%     181,083     172,250        5.1%+ O8 n* e+ c6 ]. R/ d# y3 a3 Q' k
    -------------------------------------------------------------5 ]% @5 K8 t" s; O/ x9 R
    Toronto             1.4%     252,088     242,918        3.8%9 e! \" w5 W  d9 E6 l
    -------------------------------------------------------------, F4 s- }* }0 g- U  v5 w
    Winnipeg           12.0%     105,648      96,008       10.0%
" p7 V# d  s( d    -------------------------------------------------------------
0 O. q& ~3 V; X: w! E( l5 E    Saskatchewan        9.7%     106,250     101,000        5.2%
% T# k) Y$ {6 A5 {    -------------------------------------------------------------
+ K, t% u$ F' V6 I* k    Calgary            53.5%     245,844     153,867       59.8%; ^% Y- G6 t0 c/ X
    -------------------------------------------------------------6 B' R6 Q! u; h. }; m2 F* g
    Edmonton           53.1%     200,433     131,500       52.4%3 W$ d/ q4 w5 c) {
    -------------------------------------------------------------
' C# j$ o% P- |' ~# J: e! H    Vancouver          13.8%     366,250     323,250       13.3%
# N( q1 E! x/ H  y7 W% c3 Q    -------------------------------------------------------------
' V1 Y9 G, s) j* Z1 J    Victoria            3.1%     229,000     220,000        4.1%
8 p7 \% u) ]& X    -------------------------------------------------------------
9 D2 g- L, p6 \2 `    National           13.2%     211,562     185,296       14.2%
) ?* T6 C% m# b$ w    -------------------------------------------------------------4 Z8 H% u1 Y2 E4 Y
    >>
! u) s( b% \2 c0 Q: G- `9 j$ d
+ h& S4 e* e3 h    Average house prices are based on an average of all sub-markets examined
, u" P, ?4 K  I" h' u& {% P; {0 f0 n2 xin the area, except for the smaller markets of Charlottetown, Moncton, Saint
6 Q0 @* e/ a5 E: r% @3 ?+ W& E& EJohn and Victoria.: {5 b3 M. ?) n, F" k0 G/ C, i

3 J3 m- V) A" k3 S, O; I' ]    The Royal LePage Survey of Canadian House Prices is the largest, most' P/ [1 V, u2 L" x; ^1 X. x
comprehensive study of its kind in Canada, with information on seven types of' v9 C( j/ g) k1 a$ N
housing in over 250 neighbourhoods from coast to coast. This release
% o0 a" e, L( w3 Qreferences an abbreviated version of the survey, which highlights house price
& F& a3 E- G( S9 b' ~/ Ytrends for the three most common types of housing in Canada in 80 communities
; ~' F" ]! n% t) Aacross the country. A complete database of past and present surveys is
! I6 B$ }7 [( K" u/ [" x& lavailable on the Royal LePage Web site at www.royallepage.ca, and current$ y( Z$ V& {% H$ e( ~- R" y% J) W) G2 ?
figures will be updated following the end of the third quarter. A printable
, |; X, p& _8 S9 z+ t5 g' j( ?version of the third quarter 2006 survey will be available online on
3 ^0 g8 p, G5 H1 N* lNovember 15, 2006.
+ e5 o; \5 x8 N( h( U    Housing values in the Royal LePage Survey are Royal LePage opinions of
. E& |* f& Q& r7 w- K; Mfair market value in each location, based on local data and market knowledge- D9 _  O6 _9 b3 }# u$ V& r2 M; G
provided by Royal LePage residential real estate experts. Historical data is
( l1 p8 K  l2 ^5 d% \3 _available for some areas back to the early 1970s.
理袁律师事务所
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