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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
1 g4 i. ~) x1 R2 `! O) C2 D5 Z6 s( P( [8 u2 d3 D5 Q
- Country's market poised to show growth throughout 2006 -
6 E1 s3 @2 `- Y" g) S; D2 a; [8 d+ |; _9 @  a8 `5 ^1 c- i, ?
    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market
& M) e+ `* r& i; ~exhibited moderate price increases and stable unit sales during the third
1 U" w4 r3 v& c* e/ U6 ~" k2 ?; @0 K% oquarter. Wide regional variances continued to be the dominant characteristic3 ~! K& [2 o9 T$ O+ M3 H& a; I) K
in the market, exemplified by frenzied levels of activity and double digit
4 M0 A6 a3 V% [, e7 iprice gains observed in the energy and commodity rich Western provinces, and
" T) Q! a7 f4 Lmore reasonable sales volumes and moderate price appreciation in Ontario,
& \6 N- I' N3 \2 M. LQuebec and Atlantic Canada, according to a report released today by Royal4 ]" [( v: g4 A+ C
LePage Real Estate Services.
  M% N) T) k! r1 B" J/ K' W- @1 o% u% `1 J
    Nationally, market trends established through the first three quarters( t* I) b8 s9 ~& f
are forecast to continue for the remainder of the year. Robust economic: d0 V. d2 E& f3 q+ r4 j& k4 E( S) m
conditions, low unemployment rates, modestly growing salaries and wages, and
! a7 z  J1 C) R8 qsound consumer confidence contributed to the overall strength of the5 A9 ]$ j. |' Q. e# G4 y4 y
residential real estate sector.
/ Y9 e1 S4 N: P7 ?
& Y) }8 i1 \$ s1 U/ q    Of the housing types surveyed, the highest average price appreciation
- F' h6 N9 b  G- Xoccurred in detached bungalows, which rose to $300,365 (+16.3%); T9 h  n8 u: h. s; N
year-over-year, followed by standard condominiums, which rose to $211,562
% K7 G& X- z- {(+14.2%), and standard two-storey properties, which increased to $365,380
' {% L  z  ?. ?. R9 d8 Q+ o: ~! h: [(+13.2%).- X; C6 ]7 `- U: q1 `+ p0 h4 P

# o! J1 K. K1 s8 U# c    "Canada's sturdy housing market continued to demonstrate steady growth7 k& G! t- m+ c% j
during the third quarter. For all but the west, we have moved on from the/ F( l- R/ b9 q. z
frenzied expansion that characterized the first half of this decade, and are6 |  V9 Q4 @" Z- [* K% F
poised to show continued growth at a more moderate pace," said Phil Soper,) m' g5 J, q* N7 Z6 `
president and chief executive officer, Royal LePage Real Estate Services.
' j1 L, Q, u3 M7 |7 a6 }! s7 @"Gone is the sellers' market that we have lived with for some years. We
2 c) A% n  t9 L* h9 j5 Q# O, i; Uwelcome the more reliable conditions that are characteristic of a healthy* @+ h$ G: `5 H8 \1 u+ S6 B
balanced market."
5 \( \  m5 Q1 ~5 D
+ j0 `, s3 V2 |    Despite the double-digit rise in average national house prices,
2 y8 u0 e- q; U7 qconsiderable regional variances were exhibited again this quarter. The shift
) U* J9 U4 |) c1 q0 B' ^to balanced market conditions, which began in late 2005, has continued
2 j) @& z3 H# }throughout most of the Central and Eastern regions of the country. In the core* j, J, T3 F/ h9 y: l
energy producing western provinces, the combination of very high in-migration,  g% J+ H4 ]1 a, H- {" ^4 e; A
manageable affordability, and a shortage of inventory has driven record% k) q! h: c' {; W/ q
breaking price appreciations.
# A+ ?6 {4 @  ^  e  s/ P' p9 t
    Echoing the second quarter and supported by Alberta's rapidly expanding
9 J+ i" \. o  \7 S3 Geconomy, Calgary and Edmonton led the charge of Canadian cities with the" I) l: ~0 w; I/ Q$ e. b
largest house price appreciation in all housing types surveyed.; p/ v6 q# p0 P1 B, r' j

7 Y6 Q% J" C  c% W" p8 ~    In Ottawa and Toronto, growth remained steady, supported by solid
5 D- X: E  ]1 jeconomic fundamentals, an increase in available inventory and strong consumer, l! @, Q/ l3 S% U7 H3 F+ t# ?; O
confidence. While the pace of price appreciation in Ontario leveled off
# y0 S  M. n9 ?0 d3 `5 rslightly, the province's real estate market remains poised for modest growth.
% |) x, C( M: I9 }8 LIn Atlantic Canada, new housing and condominium construction offered buyers
: y! J, `8 B  y& s5 ogreater selection at more competitive prices, resulting in a slower rate of
7 r* s) A( S4 x" F/ [price appreciation when compared with 2005.; j& ~1 M+ \  h, ]( X, \% S& r' V$ x

6 i/ i0 R& _3 b+ S9 V6 c! w    While the pace of growth in Canada has slowed, the domestic housing
0 y0 _: m# P. i" Q: p  ~market is expected to outperform the American market. The economic and
3 X( P7 z; |' p' J0 hfinancial fundamentals driving the residential real estate sector in Canada- L4 ^1 J# T! G3 Y0 O! c
are markedly different than those found in the United States.( h7 N/ V$ ]- w
  N' l1 T6 q. _$ ?
    Added Soper: "Canada's housing market is likely to outperform the, S" k( ]$ |8 R% ~
American market through 2007. A number of factors are working in Canada's' {4 T7 u  v' [# ], N! P' k# s
favour, including healthy personal and governmental debt levels, the$ n7 u) u* V( O9 `5 `0 x% v7 \
relatively modest rise in interest rates in our country, and general2 K! @4 Q: |/ T
affordability in our major cities. In addition, Americans are now seeing the# N% B. w! I& @+ t: D
downside of a tax system that encourages maximum homeowner leverage, and- _  C9 Z/ Z1 A
aggressive financial products such as zero- and negative-amortization, C9 z: Q/ [* E6 j5 d
mortgages that work only in a high price growth environment."
9 y9 ^$ a/ y4 }% X+ r' P3 v) O. q8 e( X. e3 f, N# b6 b6 ?0 K! d
    <<
0 j+ r8 T0 m/ Y: _! u* z                             REGIONAL SUMMARIES) S5 C3 u" [, V; C4 [) b
    >>% ]4 b. g; U$ s5 B- A- V7 U4 k

3 b( I, [. d5 j2 b8 y4 v    Balanced conditions continued to characterize the housing market in
. Y: V( M7 U' U. b- |+ A. UHalifax, as significantly higher inventory levels helped to moderate the rate' Y9 ~1 y6 H3 q5 S$ o7 m
of price appreciation. Buyers were increasingly choosy, taking more time
9 C  T) w; {& \5 e0 \0 P3 Xlooking for newer, low-maintenance properties that were not in need of
0 t4 g6 h2 B) a6 K% v; }* Frenovations.. O, O/ G7 i  ], y& D5 t
: _% X. o( u# b/ W. }6 ^4 b4 M
    The housing market in Moncton remained healthy and strong as a slight
+ a& w, n0 D+ l7 ^* q. N& }8 ]$ {increase in inventory helped to moderate the rate of price appreciation
( f# g9 V/ h  J/ O) F( f1 e) Jcompared to the same period in 2005. Activity was brisk throughout August and
: T( t6 E% k7 W2 |September and is expected to remain this way through the fourth quarter.
2 w1 m5 f* E/ f3 _
  g# t+ b& R1 U$ a* p    The housing market in Saint John underwent its traditional summer
) i5 K% V  G4 }2 s; i6 u% Sslowdown in the third quarter, with activity picking up towards the end of the
6 Z: L9 A7 M8 o$ F' Yquarter. The local economy continued to thrive, as construction on a new4 [5 ?* O2 [0 T# b9 E' ]
600,000 square-foot shopping area has begun, bringing several new box stores# ^* G. w; s4 Z
to the area. Buyers have begun seeking less expensive fixtures for their homes# v- T; P5 v2 @9 N+ O, ?
and are instead opting for more affordable housing options.. I' d/ o7 F1 e8 O# F

& r. f" V( q9 J6 R9 _; D& c    In Charlottetown, the housing market started to move towards balanced3 R2 a" A# `6 {2 G# ^( ~: _
conditions, as some sellers had to begin to lower the asking prices on their
) h5 V+ @6 [8 a- |# W( jhomes to make them more competitive. Activity from out-of-town and US buyers
1 x) n( L0 x( Y' t, {$ Awas down slightly compared to 2005, likely attributable to the strong Canadian" E/ z* E6 A, j- Z( B5 [
dollar. Inventory levels began to creep up in the third quarter, providing% D4 w! ]! k* `& J" {/ k
buyers with more options when looking for a home.
. p2 J" P. m2 d0 W
: [" @5 q* g# ]    Activity in St. John's slowed slightly in the third quarter, particularly! Y* F2 N/ O. f& T
among higher-priced properties, where there was a slight over-supply of homes& G  y9 {2 _( ?/ @6 t/ }
priced over $200,000. Listing periods have increased when compared with 2005,  c& h+ S8 o7 Q' n" j6 V. q2 v
as some of the pent-up demand that had characterized the market over the last
, }1 f$ F: _% }$ Jfew years has been satisfied, resulting in more normal, balanced conditions.8 a4 F3 \! {" f

. q7 o  T* h# U& R9 W" w    Montreal's housing market recorded modest increases in average house+ M5 B5 H8 h& u3 I8 w: Q4 z
prices, due to a slight seasonal slowdown in the third quarter as inventory6 O+ ]6 Q* q2 Q9 k
levels rose. Part of this can be attributed to the fact that many renting# Q: H9 W5 z1 S- X$ D2 y2 s3 b
first-time buyers were motivated to close on the purchase of a home by July 1,  p& g- k( H0 g$ {/ p9 Z
when rental leases expire in Quebec. Once this date has passed some of the
' y+ v; z: \% v$ V+ spressure is taken off the market, allowing buyers to visit more homes before% w$ F4 E# {' c9 A; M- m
making a purchase.
! N8 h9 E# y: P. x1 g- G$ i# q
/ p( ~1 H; r" U- d% G    Ottawa held its position as one of the country's most stable housing5 @3 Q$ b0 h  ~& R, S# H- a1 j
markets in the third quarter, reinforced by a vibrant local economy and strong$ N& R* x, H0 |' i$ j
confidence, resulting in modest increases in average house prices. The city/ p( L  Y7 D% [" T4 ]( t
centre remained a bright spot in Ottawa, with homes in this area attracting8 i0 M/ R' Q( _+ @
attention due to their convenient location and proximity to downtown
% ^3 J. ^1 l9 y1 b2 zamenities.! c2 T* }% _. p$ U: k

6 K% }3 p" `( O7 e) E% S: b    The housing market in Toronto sustained healthy activity levels. {. m. v- \3 R0 f: Y
throughout the third quarter, as a strong economy helped to maintain demand
' Z. n" M( ^; M3 ~across the city, causing average house prices to rise moderately. Toronto has' ]' F' O1 n! M  Z" ?$ A4 H, Y
continued to experience modest growth in average house prices, and has been4 Q" r  a7 t8 `7 I
driven primarily by purchasers who are buying homes as their principle
5 {* |) D% x7 ?; c4 m( T) ^residence, rather than for investment.
( i5 q, ~" w" k0 M, h& |
3 L4 n5 G  m8 r2 w4 N  Z    The vibrant Winnipeg housing market continued to show its strength as
; {+ A$ s0 B0 F' ^$ ^# G9 y, p7 jhouse prices rose during the third quarter. The booming local economy resulted
+ X; T: @5 l* I+ T# S/ x5 q  x/ O7 a7 win a historically low unemployment rate, helping to bolster consumer; u6 p& Z5 |' q' x+ ^3 F0 D
confidence and Winnipeg's ranking as the city with the lowest capitalization
3 V" `. A1 ~0 o' J9 ~# C7 v5 h! Qrate among the country's larger cities - helped to encourage buyers to enter
* r# n5 K8 h$ u8 U  y% ?2 Nthe market.
; W( \! M1 z+ J/ ~( B3 v5 e& w  z! v: K
    In Regina, the market experienced a slight seasonal slowdown through
' V0 X) I( F! t5 x2 ~8 ]. [July, as there were fewer purchasers in the market due to summer vacations. In/ A: d0 v% o! H' E- D+ K. ^3 |
August, activity resumed to the busy pace previously seen in the spring
1 f% h( D* O% m* g  t9 E0 q3 |. Y3 v! Smonths, as the influx of purchasers made it more difficult to find a home due' S/ Y- a5 V, [* \
to the shortage of available inventory.$ P- i0 G1 Q( J/ V6 V- Z
& E/ r/ P+ _2 o
    Activity in Saskatoon remained brisk as the market maintained its
8 \- @* U- p( [" f$ q1 g  S/ a) Ymomentum from the busy spring sales period. The economy in Saskatoon remains
7 J% r" \; [% G8 `vibrant, as employment opportunities are abundant with many businesses
4 L, T' D) \. {) b* l; bstruggling to make hires and having to recruit outside the province.: D( c' Q2 L  Y0 p7 W
* s9 w: [7 e( e, }0 a& D3 B& p% ~+ d
    Calgary's housing market recorded blazing average house price increases
( l6 Q/ g1 A$ H* j& Ain the third quarter, in all surveyed categories. The burgeoning economy, low( o' A2 L* _$ q+ M/ Q2 p: J
unemployment rates and low inventory levels remained the leading factors that
6 i$ r  T! b2 ?+ J! A6 xpressured Calgary's house prices upwards. However, regardless of the soaring
. D% ^+ H+ n3 t% n( a6 vprices that characterized the market - even during the typically slower summer5 F! X" y; F9 i2 Z0 ?& O
season - it is expected that activity will become slightly more balanced, as
6 o- S+ s8 E' k7 Q* m+ Zbuyers are becoming more reluctant to participate in the frenetic activity.

+ ~( v- t3 v: @0 ?  T& W, S8 `  H- m! O+ v* m
    Edmonton's booming local economy continued to thrive in the third quarter
0 J) ^( f, e& P6 Y# O% bas activity in the oil sands north of the city continued to flourish. Edmonton1 z) P5 T$ {- k9 [# X; j9 `
remained the hub of activity for those coming to work in the oil industry,
4 ?/ Z% n8 B, Emaintaining tight inventory levels across the city, resulting in prices
. ~/ V1 ^1 Q  a) jincreasing at record levels. However, as inventory levels continued to improve
9 X) o+ \  i- I: Jin the third quarter the rate of price appreciation should moderate slightly6 l+ L% j8 p. N9 `# v' q" W
towards the end of 2006.
    9 q9 d) o2 j# Z( J/ b/ E; X
% v7 D" p3 Z+ m/ a9 D5 W6 `  v
While Vancouver has seen a slight reprieve from the severe shortage of
5 z4 H7 c$ C; e6 O$ Ginventory that had previously characterized the market, supply is still unable
* h. S+ z) I5 Kto meet demand, driving house prices upwards. Vancouver has a very diverse
3 x% [/ }6 `4 W6 z" ugroup of active buyers - from first-time home buyers to baby-boomers to1 q! n* O( ~) E4 J7 b2 K
foreign investors - all of whom fuel the demand for houses, placing added
, I# K1 [: `. opressure on tight inventory levels.* ?) j! P3 o* G/ e/ ?7 Z( s8 q
6 o2 m& @5 ]) L' y8 q6 r
    Victoria's market is vibrant and supported by strong economic+ Y2 y% A7 Z0 p+ H
fundamentals, fuelled by a booming tech sector and a migration of young people; G  \6 f! O3 W7 L& a2 A
into the city that has continued to support the area's house price increases;& F# g) F& @8 \
while increased inventory levels have afforded buyers more time when searching( P' C5 z" ~9 E4 M. h9 O' E
for a home, helping to normalize the market's pace.7 c* h# Q4 `6 z. \* Y/ E
- R2 l) p1 ]+ f0 Q7 J7 Q
    <<: s- D7 S% L, J' P5 c
      Survey of Canadian Average House Prices in the Third Quarter 20064 \. Z6 i  R8 r8 [

+ s& |0 ]0 p: t9 X7 Q% W    -------------------------------------------------------------------------
' Y' M8 [6 \& e6 I7 A2 b/ M                 Detached Bungalows                Standard Two Storey
3 I' }! f; ^: Z4 z, c7 Z2 W    -------------------------------------------------------------------------# W6 m, W1 Y9 h; ~& {
                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q3# ^, g% k' V. U& ~7 u7 P, D& E0 @$ [
    Market           Average     Average    % Change     Average     Average) K7 U" z2 }. _& [% R: q( v% w& K) S. b
    -------------------------------------------------------------------------
9 g. d: H0 |) Y  O    Halifax          186,333     173,333        7.5%     198,667     199,0008 R7 ~+ r5 r) f$ @9 R; I7 \% M6 N
    -------------------------------------------------------------------------, `$ s8 ^$ e5 k; C
    Charlottetown    145,000     141,000        2.8%     175,000     170,000  ?# y" H6 Q$ I) M2 l
    -------------------------------------------------------------------------
$ n) m3 d: D: ?  e2 U2 X6 o    Moncton          135,000     127,000        6.3%     129,000     123,000
1 X7 }7 S. f4 }- S& E6 I5 V    -------------------------------------------------------------------------- e$ }1 f7 o3 v7 ^- f9 I
    Saint John       141,200     142,900       -1.2%           -           -+ R3 f. E7 ?# b4 H
    -------------------------------------------------------------------------
, [9 T1 s  V9 p" \. w. W: f    St. John's       143,667     142,667        0.7%     200,667     202,333
: n" S8 A7 k) w! X) Y    -------------------------------------------------------------------------
- |- |' E4 G' Z6 N% f0 O8 ]    Atlantic         150,240     145,380        3.3%     175,833     173,583$ Y. |2 x* y- W" R$ e, p6 j9 P; }
    -------------------------------------------------------------------------
8 n( e2 c" v( V: {$ D+ H    Montreal         213,691     203,500        5.0%     321,141     316,185  x7 [6 g# q( b$ j7 ?6 Q
    -------------------------------------------------------------------------
9 }0 [1 k$ v9 i" M' l. V3 U* Z    Ottawa           290,083     278,417        4.2%     285,667     273,250
! n+ f1 p% ^/ j( p6 Z! ?0 Q    -------------------------------------------------------------------------$ c  m0 J  c! p
    Toronto          373,368     355,882        4.9%     481,523     474,7666 |5 u+ l* D8 v, P( [3 e
    -------------------------------------------------------------------------
; I4 T: Q* H: ]5 J/ u5 u: O# [    Winnipeg         181,579     159,860       13.6%     202,337     180,707# u9 z- _" q! A; i/ k# f* X
    -------------------------------------------------------------------------4 B* I$ o- H) `6 i- ^
    Saskatchewan     170,667     156,083        9.3%     182,600     166,500, l& d! ?4 u) j9 F) Z6 s0 R* l) X
    -------------------------------------------------------------------------
: E8 X' x; n' D7 w- |; x1 X    Calgary          395,067     252,411       56.5%     405,778     264,3891 W3 d3 _* d3 X* _2 o& Z" m
    -------------------------------------------------------------------------% Z* E! m0 [" A7 {
    Edmonton         286,857     194,857       47.2%     316,429     206,7141 [$ A$ O. V9 k! ~( F1 A+ Y/ }
    -------------------------------------------------------------------------
8 T* Y2 _: ~# O    Vancouver        704,250     601,000       17.2%     794,000     697,5009 N5 ?# _) _6 h7 @& N- z( [0 v
    -------------------------------------------------------------------------) W5 f7 e4 R4 Z; }: D* t
    Victoria         375,000     348,000        7.8%     403,000     391,000
* c( I7 D1 G3 x' c! i" |    -------------------------------------------------------------------------8 d* i0 n0 g# n$ M! g& ?
    National         300,365     258,202       16.3%     365,380     322,8607 n/ A6 L) ]0 q! s, g( J
    -------------------------------------------------------------------------
: j# C0 f0 ^- m9 q
3 m) U2 F; ~& T1 r    -------------------------------------------------------------% N0 ]' _+ M8 a+ B3 [; Q  f6 r' h
                               Standard Condominium3 w+ k' K" E# [- m1 z
    -------------------------------------------------------------) n$ g5 I. H, Z) W. c  s. ?% F# g9 @
                    2-Storey     2006 Q3     2005 Q3       Condo2 F; G2 i+ o" @9 ]0 _1 q
    Market          % Change     Average     Average    % Change% F' l: i! x) p, L2 v
    -------------------------------------------------------------7 \* D9 c5 o0 h" V3 h3 Y% u
    Halifax            -0.2%     142,000     103,000       37.9%' L+ m6 F/ c2 C& e0 I& ]
    -------------------------------------------------------------
. U% p; [+ t: t( C/ {9 d    Charlottetown       2.9%      98,000      98,000        0.0%
* Q1 x% s* p/ _* z* D    -------------------------------------------------------------
0 {  }; B1 W1 v  b! K    Moncton             4.9%           -           -         N/A
& ^3 k$ X3 |) b) [$ p  |8 z2 @0 c8 d' R7 o    -------------------------------------------------------------! V6 i7 E$ [% c0 q2 t
    Saint John           N/A           -           -         N/A! ^! X  A' e9 p) V% J9 ^; x7 }
    -------------------------------------------------------------) N0 N# E7 ?3 _* A. {
    St. John's         -0.8%     146,333     145,667        0.5%0 Y! m3 s6 F" K
    -------------------------------------------------------------
' n* ?5 T* V7 t0 l0 f, R    Atlantic            1.3%     128,778     115,556       11.4%! ^) A: e. r4 Y/ q
    -------------------------------------------------------------/ j% W7 n, X. S. J# Z2 N
    Montreal            1.6%     193,190     188,016        2.8%
( |' X9 b" g' b* ~    -------------------------------------------------------------
( ~; k; w% _5 k3 \    Ottawa              4.5%     181,083     172,250        5.1%* c/ q  C$ i0 l; ~+ f# u& j0 l, n
    -------------------------------------------------------------0 }/ E8 h( w! c& G& S# q: |
    Toronto             1.4%     252,088     242,918        3.8%, x# j' w4 ?& X% F( }: l
    -------------------------------------------------------------4 r3 u/ }& g& G! b
    Winnipeg           12.0%     105,648      96,008       10.0%# A& q' i( F& }* F) j
    -------------------------------------------------------------
9 K9 i7 u* o: T! b1 U' D    Saskatchewan        9.7%     106,250     101,000        5.2%
+ V8 c3 G6 ]% m* J( W    -------------------------------------------------------------4 x7 e- c! j6 h$ o3 ~1 E4 Z0 s
    Calgary            53.5%     245,844     153,867       59.8%" j$ l) d) B: v- R% [
    -------------------------------------------------------------
& W4 H% L% v, R3 Y    Edmonton           53.1%     200,433     131,500       52.4%
2 a7 M8 H* T3 _3 Y2 m    -------------------------------------------------------------
3 N9 \- J, D! ~; O    Vancouver          13.8%     366,250     323,250       13.3%
6 F2 P( Z( e$ f( D    -------------------------------------------------------------
% K% A2 E5 s, b3 Z    Victoria            3.1%     229,000     220,000        4.1%2 \' ~$ G' s! [
    -------------------------------------------------------------# @) q' U# v6 P+ J& J; i0 P
    National           13.2%     211,562     185,296       14.2%7 U8 T8 {/ G/ N) G3 s$ P0 }
    -------------------------------------------------------------( C+ u$ t3 |' n  N6 E3 s# S; n4 j/ I
    >>3 ]3 i& r5 [, ]0 r2 K, T

% d2 e# P; C# a# Y+ n    Average house prices are based on an average of all sub-markets examined. C) G2 Q9 e6 T9 O7 i5 _
in the area, except for the smaller markets of Charlottetown, Moncton, Saint
) b! x& P2 b" I% BJohn and Victoria.
/ M) \" v, I2 o9 ~5 d) s+ n3 x# ?" A6 p2 t
    The Royal LePage Survey of Canadian House Prices is the largest, most3 ?- F; R* s, X& m& n. E. q
comprehensive study of its kind in Canada, with information on seven types of
( t8 U$ k+ I0 Hhousing in over 250 neighbourhoods from coast to coast. This release+ d! _% @% P7 _0 Q
references an abbreviated version of the survey, which highlights house price3 v9 ^# F* u$ D) P- k3 K4 _
trends for the three most common types of housing in Canada in 80 communities
% v; M& ^, e$ p( B8 A! v3 T" \4 eacross the country. A complete database of past and present surveys is* M+ W' j, a+ w4 b
available on the Royal LePage Web site at www.royallepage.ca, and current
7 }- g( i/ ~+ C6 m# Jfigures will be updated following the end of the third quarter. A printable- [6 P" g5 ^6 d8 e- _6 X( Z6 w, [3 ?
version of the third quarter 2006 survey will be available online on
( |. J+ j7 N1 @0 G4 N. TNovember 15, 2006.
- E5 ]6 g. W- ^$ M' l# j+ P7 Q' h    Housing values in the Royal LePage Survey are Royal LePage opinions of5 E' h/ i" R4 o- H2 L$ i) K
fair market value in each location, based on local data and market knowledge# [, }0 B1 p% G1 ]$ E: Y
provided by Royal LePage residential real estate experts. Historical data is
  v1 ]: x% r) L) c9 ~4 Eavailable for some areas back to the early 1970s.
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