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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 4 a/ _6 [" b3 K" e' G* \2 k4 E$ h
: _# ?% T7 y! m* G* @# y
- Country's market poised to show growth throughout 2006 -
4 P/ B6 D. w/ I: N: e3 i" l4 M1 j$ V/ B1 ^' u
    TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market+ f6 b- Z+ e) |' t6 _; O7 C
exhibited moderate price increases and stable unit sales during the third! ^- T- n4 I- J& F* }/ z$ M
quarter. Wide regional variances continued to be the dominant characteristic
* n/ C2 K6 F: X8 Z! I( r  G+ gin the market, exemplified by frenzied levels of activity and double digit" k. ?/ c4 m2 x% b2 q: g
price gains observed in the energy and commodity rich Western provinces, and
# {3 u' s0 e$ g0 x1 Q& n, @( J+ jmore reasonable sales volumes and moderate price appreciation in Ontario,# R; z1 g5 T0 j$ g! |8 ]
Quebec and Atlantic Canada, according to a report released today by Royal
, H! U& n* X; V3 c) ZLePage Real Estate Services.
' T0 b) u4 Z, h
3 F: _1 F" I: i$ Y! l    Nationally, market trends established through the first three quarters
& u' P: K7 q1 F: y& u7 Sare forecast to continue for the remainder of the year. Robust economic
0 F2 ^$ Y6 n9 q  K4 I2 Z) D+ o. N% rconditions, low unemployment rates, modestly growing salaries and wages, and8 |$ \! [6 V/ h4 U4 X& q7 A
sound consumer confidence contributed to the overall strength of the2 A3 c4 u6 T: O2 u
residential real estate sector.; {+ V" ?( q% {1 {1 r, V
; t7 M# p) t7 Y1 f6 r
    Of the housing types surveyed, the highest average price appreciation5 c1 c2 t& ]6 Q6 G
occurred in detached bungalows, which rose to $300,365 (+16.3%)
" P$ K0 q0 B6 Z  p5 B4 r, vyear-over-year, followed by standard condominiums, which rose to $211,5621 B+ w- s4 f0 r6 j
(+14.2%), and standard two-storey properties, which increased to $365,380- B) g6 W: e5 R4 d
(+13.2%).
9 D+ x# e9 j0 e) v' U( Q
, M" r9 T- z$ W5 q    "Canada's sturdy housing market continued to demonstrate steady growth2 t8 D: K' B! o" o& O7 z+ W8 X
during the third quarter. For all but the west, we have moved on from the
% E& p* d4 e, j+ e2 k' _! Dfrenzied expansion that characterized the first half of this decade, and are
% J+ V; J; r2 Dpoised to show continued growth at a more moderate pace," said Phil Soper,
. R& @7 n" G1 ~5 Y- w4 P  }, Opresident and chief executive officer, Royal LePage Real Estate Services.
) M( Q5 p6 h2 @$ w; O4 }, {$ Q9 q4 j+ |"Gone is the sellers' market that we have lived with for some years. We
; b& i" m; F1 s0 G8 C1 l/ Iwelcome the more reliable conditions that are characteristic of a healthy. Y7 o, U3 c' d, v% M2 x; K: l; C
balanced market."
- I/ Q  c( M, Z: |) Y4 X
- ]$ D; O' k5 d$ K& a' `    Despite the double-digit rise in average national house prices,
9 n4 E  c  B: S; X! Bconsiderable regional variances were exhibited again this quarter. The shift
$ l$ q" b7 j( xto balanced market conditions, which began in late 2005, has continued
% o$ q* j; w( A1 {& `# Athroughout most of the Central and Eastern regions of the country. In the core: x. v8 q3 \+ R2 r
energy producing western provinces, the combination of very high in-migration,& }: F6 z* k3 C# k, C
manageable affordability, and a shortage of inventory has driven record
2 r$ o7 A- u' _9 J- o- \0 s: P$ jbreaking price appreciations.
+ |) |5 O; X! F3 ~. y
+ V8 }# }) T2 f7 Q    Echoing the second quarter and supported by Alberta's rapidly expanding( e! J5 l/ y9 \% P4 d" b' @
economy, Calgary and Edmonton led the charge of Canadian cities with the
8 f2 j( K; E% D! d+ llargest house price appreciation in all housing types surveyed.7 {. m- J& p! h

1 R' i  ]1 I6 F) g# F. T    In Ottawa and Toronto, growth remained steady, supported by solid) Q# Z+ I% |4 h" k- ^+ a
economic fundamentals, an increase in available inventory and strong consumer  A( m# K! H" K; D" \% Y
confidence. While the pace of price appreciation in Ontario leveled off
% U5 |! k8 l. Fslightly, the province's real estate market remains poised for modest growth.4 W; j0 z9 J$ P6 ^3 c
In Atlantic Canada, new housing and condominium construction offered buyers8 M" J+ m  p+ y# G$ J$ }
greater selection at more competitive prices, resulting in a slower rate of
1 `" J1 G* H# G" q# |" s6 Q8 nprice appreciation when compared with 2005.# k  N  B) W# n5 I) a

3 G! W/ i" ^$ F% X) p& }' w9 Y    While the pace of growth in Canada has slowed, the domestic housing& P# R% ], o: \: [% h
market is expected to outperform the American market. The economic and- W: E" c4 {: N2 s" C4 {$ S: S
financial fundamentals driving the residential real estate sector in Canada: n* C' `1 i& u6 K2 j$ a3 |/ E/ }
are markedly different than those found in the United States.: d5 b( K" m; A# r5 e
8 f7 ^- U  g9 e) b( F$ C
    Added Soper: "Canada's housing market is likely to outperform the
$ }/ V. |% M5 X6 f, [American market through 2007. A number of factors are working in Canada's  {7 @8 \& Z& P
favour, including healthy personal and governmental debt levels, the. m& Q+ r* a% x% Q
relatively modest rise in interest rates in our country, and general
8 V" _1 s# T2 J% c3 @# zaffordability in our major cities. In addition, Americans are now seeing the
3 A+ |2 B( b: q! Y+ ^+ ^3 ^downside of a tax system that encourages maximum homeowner leverage, and
" B2 V/ `7 r# F. K) {% k% e% Laggressive financial products such as zero- and negative-amortization
% y3 S0 r. ^) X/ S; r4 E  tmortgages that work only in a high price growth environment."5 b/ ]5 s5 w  c4 I

9 a9 ^6 F: n( X; E' [# A# k" v    <<
% F2 t8 F  d& P/ s                             REGIONAL SUMMARIES
0 W3 R! X7 a4 O& p9 A    >>
% \  q" U  {3 J
7 Y  a: |3 c7 x3 T1 r5 ]    Balanced conditions continued to characterize the housing market in. b) J$ S( l3 e0 A8 Y
Halifax, as significantly higher inventory levels helped to moderate the rate
& H5 |: D7 S7 ^5 G; Bof price appreciation. Buyers were increasingly choosy, taking more time
7 G, d0 K) A0 w. {' _4 w  l- P/ ]0 mlooking for newer, low-maintenance properties that were not in need of
  l# ]5 n9 N1 _5 r# C& Srenovations.
. G$ }" q7 D  I
% z0 k$ b. u- k8 _2 u    The housing market in Moncton remained healthy and strong as a slight
& }5 r& H4 O" D8 R; d$ Z: }increase in inventory helped to moderate the rate of price appreciation
; j2 U% ~4 Q! n. Wcompared to the same period in 2005. Activity was brisk throughout August and
5 ^3 H% R. l7 k3 A& l" DSeptember and is expected to remain this way through the fourth quarter.
3 q5 @- x, B' @- }
1 ^. T! D5 X; K+ l1 c    The housing market in Saint John underwent its traditional summer. e" j  S) k; a" H& u* W9 Z( j& v# A
slowdown in the third quarter, with activity picking up towards the end of the( z0 L, e- j! n/ \# C6 a
quarter. The local economy continued to thrive, as construction on a new# [$ e# y8 w3 ?
600,000 square-foot shopping area has begun, bringing several new box stores/ J9 }% p: C/ U) ~/ g& c
to the area. Buyers have begun seeking less expensive fixtures for their homes
1 p) d/ e4 ~# u, d7 M' y* xand are instead opting for more affordable housing options." E* T" E. Y- C7 P5 `* p( {
( ?3 Z2 ~# l" B+ W% ?  N8 ?/ l; V
    In Charlottetown, the housing market started to move towards balanced
5 l7 H: g6 O5 N; A  Kconditions, as some sellers had to begin to lower the asking prices on their
# Y- d% U8 T( xhomes to make them more competitive. Activity from out-of-town and US buyers) E) V9 U* l9 e
was down slightly compared to 2005, likely attributable to the strong Canadian1 [; [) o3 u. w. I* |
dollar. Inventory levels began to creep up in the third quarter, providing1 w  H4 Q) ]4 \$ I
buyers with more options when looking for a home.% a1 D$ u! U+ a$ K; N5 ]( Q3 Z5 j
0 l! d7 w, r$ U
    Activity in St. John's slowed slightly in the third quarter, particularly+ H1 N* T1 @4 _5 q2 k
among higher-priced properties, where there was a slight over-supply of homes
+ X. V6 u4 |, M0 u9 @7 Ypriced over $200,000. Listing periods have increased when compared with 2005,
3 ^2 y- @* @5 o4 J, O  I/ jas some of the pent-up demand that had characterized the market over the last( M: Z  W8 n" Y' u' A
few years has been satisfied, resulting in more normal, balanced conditions.
% p' W8 j) f) [8 @
' q. v* a2 Z0 F  p  A    Montreal's housing market recorded modest increases in average house- l2 o& u% i( V0 b6 ?8 B' `
prices, due to a slight seasonal slowdown in the third quarter as inventory
* q, b6 n& \+ |4 ?1 ?. I$ hlevels rose. Part of this can be attributed to the fact that many renting
& P& r' `, z# lfirst-time buyers were motivated to close on the purchase of a home by July 1,
2 E' \" x# x' i) twhen rental leases expire in Quebec. Once this date has passed some of the( a  q  v0 \9 ~. P( T: D
pressure is taken off the market, allowing buyers to visit more homes before" p0 a( E- ?7 r" T
making a purchase.
! E  u! K1 P' d! Q( b0 n& e. o, q4 @9 G% }
    Ottawa held its position as one of the country's most stable housing" [+ o& \' I6 ?+ a2 v
markets in the third quarter, reinforced by a vibrant local economy and strong
0 u# `* c% }" F" K$ Pconfidence, resulting in modest increases in average house prices. The city; P0 g0 t* o4 ]0 ]4 K/ B
centre remained a bright spot in Ottawa, with homes in this area attracting
( E, v- ~  s$ C; r5 Battention due to their convenient location and proximity to downtown! _( {  l* |+ C- y
amenities.5 D$ X1 _) T" M* \: v
4 Y3 |7 L& U# ?; U
    The housing market in Toronto sustained healthy activity levels* m3 R+ w% D+ i2 ^4 P
throughout the third quarter, as a strong economy helped to maintain demand% K3 W+ ~, h! Z) V- W: p
across the city, causing average house prices to rise moderately. Toronto has
& Z! b# b2 P5 ^2 {+ y9 ^% X8 tcontinued to experience modest growth in average house prices, and has been
. x. @- U% v3 [driven primarily by purchasers who are buying homes as their principle
/ I3 J: @4 v% ~6 `( R, J+ b/ b) U- Fresidence, rather than for investment.5 a  P6 \. {5 A/ V- C  E) f* i
3 }' }/ A& C1 z9 u4 ~4 ]8 X
    The vibrant Winnipeg housing market continued to show its strength as
- e9 _6 j1 s% ^1 [' Thouse prices rose during the third quarter. The booming local economy resulted( C" D9 u0 N+ `1 |6 D1 T
in a historically low unemployment rate, helping to bolster consumer: C' B: b9 D6 \! R: ^: o
confidence and Winnipeg's ranking as the city with the lowest capitalization% ~# {& O4 F6 ^% O6 t3 z( b  G5 Y  J$ {
rate among the country's larger cities - helped to encourage buyers to enter( P& K# }# ^% S# Y' h- m
the market.
6 K" F& R& N" j+ ~
# a0 ~% g7 q0 I' `    In Regina, the market experienced a slight seasonal slowdown through$ _- \  J' h9 X6 k( x' x
July, as there were fewer purchasers in the market due to summer vacations. In5 Z) Z8 t. D9 ?+ ]
August, activity resumed to the busy pace previously seen in the spring
" r! y8 l( I- p/ J) k, G5 dmonths, as the influx of purchasers made it more difficult to find a home due# |; {) {) O3 B5 u8 m! x& [: I
to the shortage of available inventory.4 l% l& ~9 R: f

# v1 A. ]% a; V8 N% ?) R- {    Activity in Saskatoon remained brisk as the market maintained its
$ n9 h7 a( ^. Q: s7 vmomentum from the busy spring sales period. The economy in Saskatoon remains
9 K5 v. d0 _. \vibrant, as employment opportunities are abundant with many businesses
$ t! A, J8 h1 Q% O" R7 R% b2 wstruggling to make hires and having to recruit outside the province.6 n  ?/ o' ]8 L: l  y

8 l0 v% {2 B; h    Calgary's housing market recorded blazing average house price increases
6 Z& ^5 q/ [3 k- T# K/ a* nin the third quarter, in all surveyed categories. The burgeoning economy, low1 @/ j% @# y6 N& i6 c* e
unemployment rates and low inventory levels remained the leading factors that! l: k  F+ q4 g# g& ]& p% [1 I4 N
pressured Calgary's house prices upwards. However, regardless of the soaring
( u9 z2 O; ^% E% B+ D0 pprices that characterized the market - even during the typically slower summer
' ~, P4 d: o7 }% [; Cseason - it is expected that activity will become slightly more balanced, as
) \( q, n0 O2 w- n  ~. R+ S: d! U5 @: c# `buyers are becoming more reluctant to participate in the frenetic activity.
. i9 ^; r7 \$ m9 F/ ?( c( G8 Q

$ y  L( {3 B5 i- k    Edmonton's booming local economy continued to thrive in the third quarter' k/ N$ U4 y0 X5 w: z
as activity in the oil sands north of the city continued to flourish. Edmonton. r8 B0 Y% c, y' e4 r, e- G: ?
remained the hub of activity for those coming to work in the oil industry,
7 U6 ~- z# r- r, t7 ?4 amaintaining tight inventory levels across the city, resulting in prices9 k9 m, I9 i  ?( o, i. H9 f3 g  S
increasing at record levels. However, as inventory levels continued to improve$ n' |) v, E9 L2 e9 {' @. z
in the third quarter the rate of price appreciation should moderate slightly
# a! W6 l( m5 Z. L- `! ytowards the end of 2006.
   
1 l# c- n- C* O- i5 ?% o- U) q/ o+ U, \% @
While Vancouver has seen a slight reprieve from the severe shortage of
: R7 H+ s0 o" ^% @: vinventory that had previously characterized the market, supply is still unable# g* J& Q; G5 A$ a* u
to meet demand, driving house prices upwards. Vancouver has a very diverse
% ^" T0 y. v- F  v9 b- q% S3 hgroup of active buyers - from first-time home buyers to baby-boomers to
0 \' |6 H3 H1 v$ P1 |foreign investors - all of whom fuel the demand for houses, placing added
- W9 q$ a8 i% [pressure on tight inventory levels.
9 q5 T( `6 ]) a, O. x, h9 R
8 D; o! {  [! Q/ ?6 u% E    Victoria's market is vibrant and supported by strong economic
* n4 ~$ j  M# _$ ~* Afundamentals, fuelled by a booming tech sector and a migration of young people/ Y3 T2 s* \+ b2 }: _6 q5 C* I
into the city that has continued to support the area's house price increases;
8 {3 p. i* |5 N) ?% B: k: k2 d) Mwhile increased inventory levels have afforded buyers more time when searching! l  ^  `6 ~$ A2 V5 s
for a home, helping to normalize the market's pace.
/ R0 e: i- p9 ~4 E
3 N% g( t' D3 i0 y8 ~, t  ?    <<9 {9 ]% p% u9 _, V4 N4 }4 B
      Survey of Canadian Average House Prices in the Third Quarter 2006
4 D/ G! J% J8 S' e( _4 s9 A  H  e. Y
    -------------------------------------------------------------------------
- E+ Z( o' L  p0 F5 b% E0 {2 `" A0 s9 A                 Detached Bungalows                Standard Two Storey
) ^3 i7 ]5 G3 C; m    -------------------------------------------------------------------------% @! l( _" e  g+ U1 c8 \
                     2006 Q3     2005 Q3    Bungalow     2006 Q3     2005 Q3
2 Z2 p2 O" x# t    Market           Average     Average    % Change     Average     Average. D$ [% @/ R2 j* I$ F( Y, Q
    -------------------------------------------------------------------------
4 ]# L/ ^- U* e/ V    Halifax          186,333     173,333        7.5%     198,667     199,000/ c$ v# i' l; b2 Y0 v2 D4 j1 \
    -------------------------------------------------------------------------
; R9 t& h# e$ a: Y& J    Charlottetown    145,000     141,000        2.8%     175,000     170,0005 n' x! @* H) a) ?9 h/ s, k  u
    -------------------------------------------------------------------------
  H' s/ S- C9 u5 o& X1 L  x2 k2 E    Moncton          135,000     127,000        6.3%     129,000     123,000) |( x" N* O, E- ~* i) R- E
    -------------------------------------------------------------------------: D8 d# c0 n- r- j
    Saint John       141,200     142,900       -1.2%           -           -
& @0 e. A! p+ J: W( ?: t    -------------------------------------------------------------------------
( c5 k+ y7 h4 D4 P# J2 \) J% S    St. John's       143,667     142,667        0.7%     200,667     202,333
; s1 e; E  |: ^) Q: V6 D4 U    -------------------------------------------------------------------------& l; O4 Q; a# S4 S, g
    Atlantic         150,240     145,380        3.3%     175,833     173,583% G0 U* ~/ t8 m6 U( w; \' t
    -------------------------------------------------------------------------
4 ~) V! L, h2 P8 V" V    Montreal         213,691     203,500        5.0%     321,141     316,185
% f9 f' z1 T' h  E4 v9 X$ B    -------------------------------------------------------------------------( k& ?  R' k/ N# R$ c) e- f
    Ottawa           290,083     278,417        4.2%     285,667     273,250
2 U7 |8 J2 S0 y- n; h2 A: N, i: b/ s+ G    -------------------------------------------------------------------------
1 }2 |1 g1 N% D. ~    Toronto          373,368     355,882        4.9%     481,523     474,766
0 c( k6 P# Z: {# F, J! N- F& q/ g9 @    -------------------------------------------------------------------------9 N5 e' q) R3 }' h8 L3 `  O
    Winnipeg         181,579     159,860       13.6%     202,337     180,707
6 a( ~1 e) W8 ?6 ?$ U- E    -------------------------------------------------------------------------5 y; c# s2 L$ f
    Saskatchewan     170,667     156,083        9.3%     182,600     166,500- E# x2 Q( w7 S8 [6 q$ w
    -------------------------------------------------------------------------
2 Z+ C% O2 V& S" p    Calgary          395,067     252,411       56.5%     405,778     264,389/ c0 K/ V  S! ]6 ]
    -------------------------------------------------------------------------) W/ p1 T: r' d. m4 C: C
    Edmonton         286,857     194,857       47.2%     316,429     206,714
* e7 f1 q; i; v# G4 H    -------------------------------------------------------------------------0 C. R/ H7 C- S2 l) u
    Vancouver        704,250     601,000       17.2%     794,000     697,500
' a' P0 S" Q; B% {: I- |    -------------------------------------------------------------------------
' x- d) f% U& I5 z( _2 `    Victoria         375,000     348,000        7.8%     403,000     391,000
' L. Z* S& Y( K. c: K) P, j" w8 S    -------------------------------------------------------------------------, f0 F% x$ J8 c7 C0 a4 S
    National         300,365     258,202       16.3%     365,380     322,860, s' p" E% {: L( q" ^8 \+ h! T* I8 c
    -------------------------------------------------------------------------
$ m( I& @  r& L3 z
: t; Z1 u0 R. d/ l    -------------------------------------------------------------, S6 e- X! J# A/ e
                               Standard Condominium, S- c& v$ `* t9 v' D: S% A
    -------------------------------------------------------------
% R! ^. r# @# r& P: q# }                    2-Storey     2006 Q3     2005 Q3       Condo5 E3 d; g5 g3 N! a/ R, c
    Market          % Change     Average     Average    % Change; E: m1 w5 i% u/ x
    -------------------------------------------------------------
0 L- ~: P$ `* r    Halifax            -0.2%     142,000     103,000       37.9%$ U# R, q. N9 g- `
    -------------------------------------------------------------
  Z8 s7 ~5 O/ ]' x1 J+ ?) r4 R) U4 K    Charlottetown       2.9%      98,000      98,000        0.0%! y) C# @& S9 O
    -------------------------------------------------------------
: y( n* C6 Y* R" n" U    Moncton             4.9%           -           -         N/A
2 A0 p$ T3 F9 q$ W4 ~    -------------------------------------------------------------( b$ T9 Z, J. S5 x- w6 E4 @' X5 W
    Saint John           N/A           -           -         N/A
3 M; B& F2 r+ a    -------------------------------------------------------------0 O/ H* T& h! `; f! B, C+ Q
    St. John's         -0.8%     146,333     145,667        0.5%
2 B3 U5 a0 H0 l0 s    -------------------------------------------------------------
# q1 _% i1 R- ^4 L    Atlantic            1.3%     128,778     115,556       11.4%7 j) }2 X; N! }4 S# ]$ n
    -------------------------------------------------------------
  W6 b6 f% U6 `6 j6 Y    Montreal            1.6%     193,190     188,016        2.8%
  U/ o- w' p5 z) n3 x    -------------------------------------------------------------
2 `# E( V3 g/ s, q; F    Ottawa              4.5%     181,083     172,250        5.1%
- U& M, d( I( {, I    -------------------------------------------------------------
8 f9 ]' ~! F+ g- i" H    Toronto             1.4%     252,088     242,918        3.8%
3 U; \* W5 k6 n- g( a6 b6 J- N    -------------------------------------------------------------' k( z! P1 a! o* ~) v, e0 c( }
    Winnipeg           12.0%     105,648      96,008       10.0%$ N; y! |$ ]- X  }* |/ Z6 B
    -------------------------------------------------------------
. d4 q# x. _4 w    Saskatchewan        9.7%     106,250     101,000        5.2%
; t  _! O- |1 U( x( i    -------------------------------------------------------------! T$ E- I, R# y9 q% {' `
    Calgary            53.5%     245,844     153,867       59.8%
0 p/ t; _& s9 R: }9 J9 J6 q& P    -------------------------------------------------------------
4 o) \! L9 b& m5 s    Edmonton           53.1%     200,433     131,500       52.4%
3 D0 `. O. X7 j" ?+ x, ^# P; C1 _    -------------------------------------------------------------- O, h: Y$ u- L, V# Y# v: H
    Vancouver          13.8%     366,250     323,250       13.3%
$ k( {5 L3 Q; q6 b$ C5 [    -------------------------------------------------------------
2 n1 x; H% H4 P    Victoria            3.1%     229,000     220,000        4.1%) [& j4 ]) d* b. o& O! x2 i$ n
    -------------------------------------------------------------
% U. e1 T* v) u, i5 E' S+ j5 H4 t    National           13.2%     211,562     185,296       14.2%
* Q0 f$ z2 K6 t+ a# [    -------------------------------------------------------------
. Z8 [" S2 x7 Y/ R! v7 q; D    >># J+ b) g0 b4 Q- B6 {! e

% W! L! z$ T/ r! o, F9 {: g/ p    Average house prices are based on an average of all sub-markets examined
, r2 x* j' K( v' E* y* i0 ?1 [in the area, except for the smaller markets of Charlottetown, Moncton, Saint, `6 f, f4 _9 P8 K4 ~( d) r9 s
John and Victoria.
7 ]* x  N& a' Z  K: b/ |8 E& @0 V. k7 l8 k4 P# M
    The Royal LePage Survey of Canadian House Prices is the largest, most
1 s' {2 K/ }: [* U' [. lcomprehensive study of its kind in Canada, with information on seven types of
, H0 J0 _; f  y/ Nhousing in over 250 neighbourhoods from coast to coast. This release
/ `" s* z- E( L0 \. Yreferences an abbreviated version of the survey, which highlights house price
: i; q0 r/ A" c  {) i( _trends for the three most common types of housing in Canada in 80 communities
# K! m5 y4 o+ U; Qacross the country. A complete database of past and present surveys is
8 w# K" L0 p4 qavailable on the Royal LePage Web site at www.royallepage.ca, and current
7 f* M9 D( l" g4 j' o9 bfigures will be updated following the end of the third quarter. A printable; @4 W! y1 }1 Y, O0 z6 v
version of the third quarter 2006 survey will be available online on
# n$ c3 P* R4 _( o% y) bNovember 15, 2006.
- [- ?8 x- u* U6 t    Housing values in the Royal LePage Survey are Royal LePage opinions of
% c9 U1 m+ R5 i/ H- R2 L! E- M1 Gfair market value in each location, based on local data and market knowledge8 }' P) H+ ?; q- A
provided by Royal LePage residential real estate experts. Historical data is! m# C, x5 ~) Q2 T7 i2 ]6 s
available for some areas back to the early 1970s.
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