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Canada's housing market both vigorous and stable 6 O$ G8 M7 j6 Z) i0 x
* N4 T1 @) S1 U1 g- F" R- {
- Country's market poised to show growth throughout 2006 -8 q. X8 m% q: r/ Z- i: D( L- F
3 a( [" T0 ~8 M# O: ^- E) p I TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market3 L6 F% m- G: h1 k+ \
exhibited moderate price increases and stable unit sales during the third
4 Y% M" \ E8 F& a$ wquarter. Wide regional variances continued to be the dominant characteristic" O' X, y6 U8 L8 X/ f9 n' n. ^5 V
in the market, exemplified by frenzied levels of activity and double digit
) H3 d4 n0 P+ M9 g; d' y1 ?8 }9 Lprice gains observed in the energy and commodity rich Western provinces, and
5 [8 z8 g9 u1 f. t# |5 U* G, ~more reasonable sales volumes and moderate price appreciation in Ontario,) i( W6 F# E; H# K* H+ P
Quebec and Atlantic Canada, according to a report released today by Royal* j5 m+ F* O8 v1 H3 f9 I8 M
LePage Real Estate Services.
. [2 F2 ?# \4 T8 N4 g5 v$ O9 f$ a Y7 e: l" `. u$ J
Nationally, market trends established through the first three quarters
3 V7 x T6 T) }' n# C% ~* tare forecast to continue for the remainder of the year. Robust economic
" \4 j5 m. ^. econditions, low unemployment rates, modestly growing salaries and wages, and
5 x( C( X6 m, } ], Wsound consumer confidence contributed to the overall strength of the
[9 {: t/ l, j$ [7 f1 Bresidential real estate sector.* q( \7 G F8 {! R$ F
+ W- o+ t; `* C4 n Of the housing types surveyed, the highest average price appreciation
Q. ]( N! }: k0 F3 u% B: Ooccurred in detached bungalows, which rose to $300,365 (+16.3%)- x/ R7 A4 M8 F& c1 A4 s3 T
year-over-year, followed by standard condominiums, which rose to $211,562
Z. `7 }* Y" ]& B(+14.2%), and standard two-storey properties, which increased to $365,3804 L" l7 P, n g# x0 M
(+13.2%).+ P. S8 p ]9 v O5 F8 I' _
- s+ v: C2 f" P1 |# X8 L7 x% y "Canada's sturdy housing market continued to demonstrate steady growth6 f* G6 `: F- W: f; O
during the third quarter. For all but the west, we have moved on from the$ ^+ m# `; N s* F. I, P k! |
frenzied expansion that characterized the first half of this decade, and are3 F: J" l* ]) ~% ]
poised to show continued growth at a more moderate pace," said Phil Soper,
! M4 A7 Q! j% p4 v2 Epresident and chief executive officer, Royal LePage Real Estate Services.
1 ^- J6 l# T. a"Gone is the sellers' market that we have lived with for some years. We4 M+ o, k' } R& M% h4 ^: j# ]
welcome the more reliable conditions that are characteristic of a healthy* h( S& ], j! g) ]; ]
balanced market."
" _( J: s+ |4 K7 L1 Q4 O, y
: h* F- Z( y3 `! U& a* _ X3 r' s Despite the double-digit rise in average national house prices,
4 i/ }1 J4 M4 e, L# Econsiderable regional variances were exhibited again this quarter. The shift' ]+ c/ |; |# R
to balanced market conditions, which began in late 2005, has continued5 R! Q+ Z( h" A8 q" j7 A0 [
throughout most of the Central and Eastern regions of the country. In the core; r$ b1 E" `- F+ E2 E7 |
energy producing western provinces, the combination of very high in-migration,- d2 y3 K& D$ i# j- n( I5 @
manageable affordability, and a shortage of inventory has driven record0 g. r7 ]! k7 s, V; ^! \0 O: O
breaking price appreciations.
* c) z- I$ [' J, |- m5 P
5 ~- Y0 e+ @ G( [4 d9 M Echoing the second quarter and supported by Alberta's rapidly expanding
+ k% _. a3 D% jeconomy, Calgary and Edmonton led the charge of Canadian cities with the
* n* L/ {( X5 w% Dlargest house price appreciation in all housing types surveyed.
+ ^' f6 C3 W( O7 ~
( ~/ {5 H- T$ `3 Q In Ottawa and Toronto, growth remained steady, supported by solid" y, ~6 V" p6 }# t% }
economic fundamentals, an increase in available inventory and strong consumer
6 A5 F" A) z# D' v5 d" x6 m! xconfidence. While the pace of price appreciation in Ontario leveled off
1 f: _6 h" ^0 R2 | v; j" M: q8 ?slightly, the province's real estate market remains poised for modest growth.
; E8 g+ m1 Y8 Q0 @In Atlantic Canada, new housing and condominium construction offered buyers+ r9 K9 Q2 y" d2 S
greater selection at more competitive prices, resulting in a slower rate of3 C* g q9 k- u0 v6 y
price appreciation when compared with 2005.9 g, q, s" I+ o+ j0 g
, L3 z9 }! R5 I4 r2 m: }1 b' z
While the pace of growth in Canada has slowed, the domestic housing2 ^- M7 r' }0 n+ }6 J& C: t
market is expected to outperform the American market. The economic and
4 d/ F+ I5 O- C9 S' ]' afinancial fundamentals driving the residential real estate sector in Canada
- j7 v+ H e1 r' u' [are markedly different than those found in the United States.3 c& d2 F' }* p$ D
B' Z$ I6 V% p+ |/ Q. u g
Added Soper: "Canada's housing market is likely to outperform the; u K. e) u; y" L$ s; e1 y
American market through 2007. A number of factors are working in Canada's
9 Q5 e3 A8 L }- ^6 H8 Vfavour, including healthy personal and governmental debt levels, the% ?. h# O- t0 w! Q. `8 a
relatively modest rise in interest rates in our country, and general; b3 s$ S% Y" k" J2 S! d
affordability in our major cities. In addition, Americans are now seeing the/ E0 b# X2 U) ?/ M$ o" ?" s' |' q
downside of a tax system that encourages maximum homeowner leverage, and0 z* Z/ v& S: m6 p/ h
aggressive financial products such as zero- and negative-amortization
! N1 _! _, h: X4 ~# X- Ymortgages that work only in a high price growth environment."# E) {" M% a* ?- x% V
! D1 Y! t& F* g: H/ _ <<
8 h$ G& x, k E9 f h, F REGIONAL SUMMARIES5 E: }6 N$ _; c3 h
>>
' F8 q5 ` u; N( @$ U
9 G. N0 Y3 S3 W3 ^) Y6 t' |& { Balanced conditions continued to characterize the housing market in
. [- D T8 I7 W7 ^0 SHalifax, as significantly higher inventory levels helped to moderate the rate
H7 D# @! q% _+ yof price appreciation. Buyers were increasingly choosy, taking more time
, y7 E5 x w2 x% T& C$ m* llooking for newer, low-maintenance properties that were not in need of) ?4 @4 D M* Y( Z% [7 w
renovations.
3 T6 l- `+ n0 n# p- @) N0 b8 v8 u* P* G4 o8 t J# C
The housing market in Moncton remained healthy and strong as a slight
. K5 Z% x8 D' a! C) I) ?increase in inventory helped to moderate the rate of price appreciation$ w; b" _9 l! z* I+ C$ j; @6 J! V2 q
compared to the same period in 2005. Activity was brisk throughout August and
% d; A# k( y1 o5 i5 \! E* z- WSeptember and is expected to remain this way through the fourth quarter.2 h7 S' ], l* P: d0 K6 |" |( V# i
3 G9 P' T/ J8 D, x3 F1 A8 ~9 [
The housing market in Saint John underwent its traditional summer
& _, U, ~. |2 {# Rslowdown in the third quarter, with activity picking up towards the end of the7 F. K: V7 i% j; C6 y, ?
quarter. The local economy continued to thrive, as construction on a new* B/ N7 ?% Q: M& D' M7 _
600,000 square-foot shopping area has begun, bringing several new box stores
1 T+ A+ B4 E% g: f: E8 M8 [' eto the area. Buyers have begun seeking less expensive fixtures for their homes$ `/ B4 u2 T# p6 W/ T" P( ^: M
and are instead opting for more affordable housing options.
8 X: _; J% \6 Y8 T4 B* @# V1 H. U$ m4 d; l, Q8 ^; \
In Charlottetown, the housing market started to move towards balanced9 b! p6 d( Q3 q/ b$ P# m! L
conditions, as some sellers had to begin to lower the asking prices on their
) `3 D" K8 v: I |& [; bhomes to make them more competitive. Activity from out-of-town and US buyers- C1 V% _" r1 g% _+ E6 g
was down slightly compared to 2005, likely attributable to the strong Canadian) l% h1 ~* }' A$ F( E1 A0 a
dollar. Inventory levels began to creep up in the third quarter, providing
( Z: F j( I' S9 x: \" fbuyers with more options when looking for a home.
- H6 J; w6 F& q, @* l7 y0 V2 p( a% x" F) s \, L2 Y
Activity in St. John's slowed slightly in the third quarter, particularly: ~7 E1 R m0 p3 l& e5 M/ o1 u8 p
among higher-priced properties, where there was a slight over-supply of homes- C% _' F0 H5 K9 [9 C! C
priced over $200,000. Listing periods have increased when compared with 2005,- g6 e/ r! k; Z4 q1 E- w7 K% G
as some of the pent-up demand that had characterized the market over the last4 C' O7 H& p- @8 W% Q+ q& U
few years has been satisfied, resulting in more normal, balanced conditions.: [$ j2 g7 u/ q8 l2 ?0 z; N' V9 N
. S5 f- _% i4 G1 X) e Montreal's housing market recorded modest increases in average house
" F) w, m5 k: Y7 C L2 W$ v- @$ zprices, due to a slight seasonal slowdown in the third quarter as inventory( \: A3 n! ?3 Q9 |1 X4 L
levels rose. Part of this can be attributed to the fact that many renting$ O* r( i1 i& Q+ x1 X ~$ U
first-time buyers were motivated to close on the purchase of a home by July 1,
) l* a% x8 [' x2 i9 Pwhen rental leases expire in Quebec. Once this date has passed some of the
+ w5 \4 \1 s' ~3 {& b/ u1 B" Ypressure is taken off the market, allowing buyers to visit more homes before* b5 H; S# P4 Q/ S+ g
making a purchase.5 d, h) P. q* W
6 w% D4 s3 p9 B3 F8 M& I9 i5 c Ottawa held its position as one of the country's most stable housing
7 a9 |9 [1 S5 L. q0 \- Dmarkets in the third quarter, reinforced by a vibrant local economy and strong) A( T& r. p/ N) I
confidence, resulting in modest increases in average house prices. The city( S4 ^3 n4 e( C$ E ]3 ^& Z, q/ ~
centre remained a bright spot in Ottawa, with homes in this area attracting
9 w$ d) n$ K# W: |7 ]6 C/ h; ~attention due to their convenient location and proximity to downtown/ b& B7 J3 Q/ p. ]* p5 N; D7 I8 x
amenities.- T9 ^; i" m6 `: G- E! ?
" O3 W: P! K; r( S
The housing market in Toronto sustained healthy activity levels
8 L) H, e! M1 |) O' V! uthroughout the third quarter, as a strong economy helped to maintain demand2 A6 M- E/ N7 K: C" i
across the city, causing average house prices to rise moderately. Toronto has
# b0 M' ~3 r4 `7 Fcontinued to experience modest growth in average house prices, and has been
0 C& H" C" d/ U9 @9 Tdriven primarily by purchasers who are buying homes as their principle$ e: m! E$ `$ y1 E9 k$ H
residence, rather than for investment.
- _5 N+ D( A6 l }+ E) B. N) j
7 h, D2 P/ X0 o2 E3 [9 x9 u( l The vibrant Winnipeg housing market continued to show its strength as
( n/ a9 q3 \, e B* ]! Zhouse prices rose during the third quarter. The booming local economy resulted4 Y5 ~ f! p3 R& D' m& M
in a historically low unemployment rate, helping to bolster consumer
, v! Z) w6 H' Y+ Sconfidence and Winnipeg's ranking as the city with the lowest capitalization
`2 y1 `5 @1 i' O) s. ]& srate among the country's larger cities - helped to encourage buyers to enter
0 x; H! x8 }2 V. g% @& }the market.
; \+ ~8 f0 ?1 w; ]* c+ [. T* H* {+ }. b8 e6 ]9 j
In Regina, the market experienced a slight seasonal slowdown through( V, h+ ?& V! s5 g, _: ]4 n
July, as there were fewer purchasers in the market due to summer vacations. In
0 i$ ~) m- j V5 p2 PAugust, activity resumed to the busy pace previously seen in the spring
) h8 I: W+ D* q# D8 u8 n# _months, as the influx of purchasers made it more difficult to find a home due
# A5 R+ Q: {4 F; b5 A, sto the shortage of available inventory.3 L/ u, w6 u6 p0 j% Q. X
* f& }6 W( Y' {5 {" O0 C Activity in Saskatoon remained brisk as the market maintained its
; g0 ~# z+ [2 {# `9 q1 _momentum from the busy spring sales period. The economy in Saskatoon remains
) W# F; l' ^! N: evibrant, as employment opportunities are abundant with many businesses( W% x2 O" B U8 [6 O H
struggling to make hires and having to recruit outside the province.' C o# R+ K; }) f e
0 E2 _ a4 [5 n5 z
Calgary's housing market recorded blazing average house price increases
' N( l& O7 c. ^0 T0 O; I9 r1 Vin the third quarter, in all surveyed categories. The burgeoning economy, low j. j# A; u: W [4 T* @
unemployment rates and low inventory levels remained the leading factors that# S7 D1 ^ z+ c: x" W
pressured Calgary's house prices upwards. However, regardless of the soaring
* k+ K' z8 K1 S& ?& T' R1 Wprices that characterized the market - even during the typically slower summer
- b" w/ G4 A: l# }, n9 nseason - it is expected that activity will become slightly more balanced, as L9 h2 d$ R) G) u
buyers are becoming more reluctant to participate in the frenetic activity.. A& V. m3 Z% L x0 M
5 C9 z2 D; F' O0 _
Edmonton's booming local economy continued to thrive in the third quarter9 w- e' N# }. K0 p# y
as activity in the oil sands north of the city continued to flourish. Edmonton3 B2 ~. A& l( v* v: u( G
remained the hub of activity for those coming to work in the oil industry," T1 L- J' z4 _, o
maintaining tight inventory levels across the city, resulting in prices
8 P% |# T Q- ^# ]1 xincreasing at record levels. However, as inventory levels continued to improve4 W J Y; }% I+ M
in the third quarter the rate of price appreciation should moderate slightly7 G' |/ \, S: R u+ _
towards the end of 2006.
- t5 G# U1 \, L0 z8 _7 \
$ |( `0 X4 W4 sWhile Vancouver has seen a slight reprieve from the severe shortage of
* b( E. k; a$ s5 |; a8 C0 I9 h" Ainventory that had previously characterized the market, supply is still unable
6 i9 C$ M0 K H4 F- bto meet demand, driving house prices upwards. Vancouver has a very diverse4 f8 j; o* O5 T) C/ c) u
group of active buyers - from first-time home buyers to baby-boomers to
+ z" O o. d8 l) X6 I( q. j8 Y) pforeign investors - all of whom fuel the demand for houses, placing added# A+ o7 a: W& s( f
pressure on tight inventory levels.8 h0 B5 x# a8 C6 l0 y& d
% X3 P( F# i0 A" \; J/ W) S
Victoria's market is vibrant and supported by strong economic. x' |, V: u) _
fundamentals, fuelled by a booming tech sector and a migration of young people) \) a' E+ Y9 O3 y5 `* m1 n3 V8 ?; T
into the city that has continued to support the area's house price increases;- K4 X* `. p, ~) \" r
while increased inventory levels have afforded buyers more time when searching, T! F+ F# H% \% p
for a home, helping to normalize the market's pace./ W1 u6 T9 _" Z5 ]# g: Y
( l( n' o B. v
<<
, o, d2 b2 F6 v& w* b/ T Survey of Canadian Average House Prices in the Third Quarter 2006( z* L- k/ M% R2 L' v
6 \8 F% f# [2 g& H -------------------------------------------------------------------------
( E, j" ^+ h! [* ] f( `/ p Detached Bungalows Standard Two Storey
+ l' m9 R7 ~% {. W" r. k -------------------------------------------------------------------------/ q/ ~. H ?7 J$ a1 {; v# \
2006 Q3 2005 Q3 Bungalow 2006 Q3 2005 Q3
8 u& e- G/ a; | e Market Average Average % Change Average Average
' k, f8 u+ R1 m; A( `. @5 z% c -------------------------------------------------------------------------
0 n, O7 v% v. ^* H4 d( q0 h Halifax 186,333 173,333 7.5% 198,667 199,000
* L7 M8 z* C, `' p4 z -------------------------------------------------------------------------
4 k; W Y' ^! B7 e5 B' o3 G Charlottetown 145,000 141,000 2.8% 175,000 170,0008 z9 ]3 j" v4 B& @) ~6 d6 `
-------------------------------------------------------------------------' o" p' o3 \1 ~
Moncton 135,000 127,000 6.3% 129,000 123,0006 O4 N$ y. l) e- F% \% {
-------------------------------------------------------------------------
5 w, H: e# F$ t# D Saint John 141,200 142,900 -1.2% - -
5 @2 O1 j* o+ v! s6 P$ k0 W6 U l( \ -------------------------------------------------------------------------
5 N7 e3 X+ k! s6 w2 S% L St. John's 143,667 142,667 0.7% 200,667 202,3332 g2 T! f+ t; z
-------------------------------------------------------------------------" U/ ~5 t* {$ O# B
Atlantic 150,240 145,380 3.3% 175,833 173,583+ ^! `) r3 F) E$ L0 e
-------------------------------------------------------------------------
% }7 _6 T. J8 q) F2 N& c: X# o: q- ] Montreal 213,691 203,500 5.0% 321,141 316,1852 V, e- B4 p0 U) H& |% g$ K
-------------------------------------------------------------------------
. g5 q% L- o0 `/ F) i Ottawa 290,083 278,417 4.2% 285,667 273,250
6 z; o4 B! B Y% e+ x; y M+ _2 R -------------------------------------------------------------------------
5 D* G: ^% j. t5 t Toronto 373,368 355,882 4.9% 481,523 474,766' t, J+ I! s, F( {% t
-------------------------------------------------------------------------
J# t( g2 i# E5 r6 u3 w" O1 p Winnipeg 181,579 159,860 13.6% 202,337 180,707
, b2 P( V& p) I3 w4 X" p -------------------------------------------------------------------------
/ Q! {4 n. C5 R" {4 M6 O Saskatchewan 170,667 156,083 9.3% 182,600 166,500
3 i y X, w! E; S7 O -------------------------------------------------------------------------
9 i2 }, c$ ?7 L Calgary 395,067 252,411 56.5% 405,778 264,389
# {1 ~% Z/ p2 O4 M# m2 m+ M; [7 P -------------------------------------------------------------------------
" U1 |2 U, Q7 i* [ Edmonton 286,857 194,857 47.2% 316,429 206,714
3 |0 y/ }4 W! ]1 A' y3 ` -------------------------------------------------------------------------3 E, }' r7 ~( m! g
Vancouver 704,250 601,000 17.2% 794,000 697,5002 z7 ~; ~$ [ t5 R6 R
-------------------------------------------------------------------------3 Y' q* M9 ]: ?& {7 ^# N, o
Victoria 375,000 348,000 7.8% 403,000 391,0000 O, A ]/ V6 m1 _3 f
-------------------------------------------------------------------------
1 ^+ L" }6 c: S3 I! s3 j/ A National 300,365 258,202 16.3% 365,380 322,860
* L6 c' |$ L/ _" x -------------------------------------------------------------------------
+ T. ^5 h- a x" L+ Z4 g2 W) R$ |0 z7 J5 F- c3 j. b% s- z$ v
-------------------------------------------------------------
: K; I1 a" E2 l! g Standard Condominium
8 S5 L! R. z. N# E; H: G/ U -------------------------------------------------------------- r! A7 A) @5 ~& @+ @% B. |2 H
2-Storey 2006 Q3 2005 Q3 Condo
( y" g- D2 W6 D( R% s3 F5 f Market % Change Average Average % Change+ R a1 V1 C9 c# s* z- T5 ]
-------------------------------------------------------------
: m7 T; u& B7 c$ S* g/ v& n, s Halifax -0.2% 142,000 103,000 37.9%
( Y- ?0 R4 s6 W n$ p, e -------------------------------------------------------------
/ @" i" u, D- t* V4 ` Charlottetown 2.9% 98,000 98,000 0.0%
) J# _' V: \1 ~: |6 U# O X -------------------------------------------------------------2 D9 M) X- {8 B/ g) m( y
Moncton 4.9% - - N/A& @* |% T# c( h
-------------------------------------------------------------% X0 y0 T8 [/ m- J! i
Saint John N/A - - N/A y0 z7 F" b8 _% @
-------------------------------------------------------------5 v0 b5 X, t& ^3 c
St. John's -0.8% 146,333 145,667 0.5%
! n2 X1 N3 X" v1 b7 g. w" b) e -------------------------------------------------------------+ l" _- w3 c7 ]
Atlantic 1.3% 128,778 115,556 11.4%
0 p# v. L! Q8 [& v2 h% R( S8 O8 a' k -------------------------------------------------------------
* s% [$ K' W- c Montreal 1.6% 193,190 188,016 2.8%7 x! ^) K! J k: Y. Q+ Z' F
-------------------------------------------------------------: C- T2 }! O; c3 U) A' g+ c* x
Ottawa 4.5% 181,083 172,250 5.1%
7 C' X, L9 i+ p% K -------------------------------------------------------------( v+ C, U6 Y) {! |1 E$ @3 ^) _
Toronto 1.4% 252,088 242,918 3.8%5 z: s) f4 |; `$ E9 {2 O
-------------------------------------------------------------
! f5 x! Y; j: l8 z# ~" l; C Winnipeg 12.0% 105,648 96,008 10.0% U/ E* z, H4 O9 i; @- \
-------------------------------------------------------------
$ n8 p2 f8 F# g& W5 }; V3 j Saskatchewan 9.7% 106,250 101,000 5.2%4 n8 `* ]# @3 \4 z. W' m5 ?0 t% c
-------------------------------------------------------------/ p8 u7 b0 o5 |; f5 t5 B$ O
Calgary 53.5% 245,844 153,867 59.8%: E0 d/ Y( h! y/ `8 Z
-------------------------------------------------------------
6 t c3 Q" |* i Edmonton 53.1% 200,433 131,500 52.4%' ^8 J4 M. r' x$ w2 n T N
-------------------------------------------------------------2 T" \. a& @5 j; j; M+ l2 Z g
Vancouver 13.8% 366,250 323,250 13.3%
$ ~2 F' M E' L3 c+ }2 r -------------------------------------------------------------
% N) X+ _' D/ o# Z# x8 q Victoria 3.1% 229,000 220,000 4.1%$ h. N" M. ^; @
-------------------------------------------------------------- ^3 \( G' _0 Y$ J
National 13.2% 211,562 185,296 14.2%( E4 P5 ~+ R1 i+ d
-------------------------------------------------------------! x3 N+ x3 G) ]% g+ K6 V
>>5 [3 H7 ]7 X% w& L
) q4 }, o% @9 ^
Average house prices are based on an average of all sub-markets examined
+ B# d( o: C/ `; s5 uin the area, except for the smaller markets of Charlottetown, Moncton, Saint
0 q) n2 `; L4 T5 w, @John and Victoria." u% Y- @ B$ n% @2 e; }; X
9 S8 u& u5 T0 G8 w: R. i& v The Royal LePage Survey of Canadian House Prices is the largest, most
8 [% H2 Z: R5 t+ [comprehensive study of its kind in Canada, with information on seven types of U6 |8 H- h' j
housing in over 250 neighbourhoods from coast to coast. This release. W* l. h( ]5 v! D
references an abbreviated version of the survey, which highlights house price
$ U' ~2 ~ b8 @ c* E. J5 L/ E; ttrends for the three most common types of housing in Canada in 80 communities
4 S7 g- Q9 u5 N0 ]across the country. A complete database of past and present surveys is* A R: N7 W* `6 i9 ]* W
available on the Royal LePage Web site at www.royallepage.ca, and current
3 t( R" X8 N3 h% U5 p2 cfigures will be updated following the end of the third quarter. A printable& I" \0 Q. `$ C( Y
version of the third quarter 2006 survey will be available online on( s- D( a8 L$ I9 t
November 15, 2006.% J) `8 w# b0 _ I
Housing values in the Royal LePage Survey are Royal LePage opinions of% a1 N/ K' E1 L4 u' S
fair market value in each location, based on local data and market knowledge8 s5 e% G' Z' j# @
provided by Royal LePage residential real estate experts. Historical data is% q/ M. h2 `& `
available for some areas back to the early 1970s. |
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