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Canada's housing market both vigorous and stable
- [. h/ t- F5 e: [6 |
) @7 ?, |: C. a4 U- Country's market poised to show growth throughout 2006 -" n& c/ @. q; r
E2 V5 Z) y( m* |3 a8 z2 k TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market! u5 h0 C5 w$ \3 M; G
exhibited moderate price increases and stable unit sales during the third7 K: J4 x- D4 F1 }9 e; B; S5 D6 r5 l
quarter. Wide regional variances continued to be the dominant characteristic0 F6 q- n4 G' B6 E ]
in the market, exemplified by frenzied levels of activity and double digit
+ m% H& s/ v# @price gains observed in the energy and commodity rich Western provinces, and) c8 w8 r# X B' ]: a4 T
more reasonable sales volumes and moderate price appreciation in Ontario,& M0 }- p. Z1 y" E+ U1 U( E; r8 \
Quebec and Atlantic Canada, according to a report released today by Royal+ n; d3 i/ K }. G6 G
LePage Real Estate Services.% i6 y" h6 u% J+ h1 t
5 j0 j1 R% i j' r Nationally, market trends established through the first three quarters( P' K9 U, Z A1 w
are forecast to continue for the remainder of the year. Robust economic1 ]9 ?4 T4 D5 b% q/ b
conditions, low unemployment rates, modestly growing salaries and wages, and) o4 l* ]! @2 e3 C/ W9 p- [. W
sound consumer confidence contributed to the overall strength of the' p: L% ~: _$ v6 [( s; d6 W9 |' S+ S
residential real estate sector.
- a6 O% S: l3 \$ k
: e$ _, r2 {6 N' ~ Of the housing types surveyed, the highest average price appreciation
2 _7 v2 ~- [! ?" I# x. b. _; r0 ooccurred in detached bungalows, which rose to $300,365 (+16.3%)2 |4 `6 A& S2 P$ Y+ B
year-over-year, followed by standard condominiums, which rose to $211,562" m$ _) W" i2 y# N# E7 ~ h1 p
(+14.2%), and standard two-storey properties, which increased to $365,380
/ R5 Z: q$ A7 e! ^( O(+13.2%).
9 |# e: v6 ?2 T+ ~& J
8 l$ N) u# ?! x* W, o A "Canada's sturdy housing market continued to demonstrate steady growth
% }& T3 _: T# |' j; _& ?during the third quarter. For all but the west, we have moved on from the0 Q2 p/ y) @! a) V# b) J
frenzied expansion that characterized the first half of this decade, and are: n% Z9 M3 x% @4 Q
poised to show continued growth at a more moderate pace," said Phil Soper,) Z1 u0 X* |* E/ L/ O
president and chief executive officer, Royal LePage Real Estate Services.
$ e1 ~+ E* X7 \, T8 v( E* f" ~- G# G"Gone is the sellers' market that we have lived with for some years. We
$ V0 M+ I* K( {5 ^2 ]# L0 P+ Owelcome the more reliable conditions that are characteristic of a healthy
8 v- x, Y- A, m! D! Gbalanced market."
/ ~3 V0 e/ {: n N* Z, c: o5 ]3 C
$ a% R% \5 c8 O7 a4 J( N Despite the double-digit rise in average national house prices,$ q% }+ V. s/ |0 U- ~
considerable regional variances were exhibited again this quarter. The shift
* c8 `+ p) d0 D) J# y7 |to balanced market conditions, which began in late 2005, has continued* s7 F! Y4 _$ v- K5 k5 D
throughout most of the Central and Eastern regions of the country. In the core& n0 Z+ s; ^) g% e5 O9 s
energy producing western provinces, the combination of very high in-migration,
- A# W9 J- N" p l0 Z( pmanageable affordability, and a shortage of inventory has driven record; J# f [+ w1 G1 W2 r
breaking price appreciations.7 H. {: i1 {: y8 M# n2 [- q
6 ~4 E7 J" N3 G1 B6 d# w, K6 ?
Echoing the second quarter and supported by Alberta's rapidly expanding( P- ^: s5 V4 ]" A
economy, Calgary and Edmonton led the charge of Canadian cities with the
1 [! D; G2 x0 L alargest house price appreciation in all housing types surveyed.- y: S/ Y2 A' i2 [, T
8 g; |4 W! N) _4 X/ w' O4 ]
In Ottawa and Toronto, growth remained steady, supported by solid
8 _$ i* ^+ J' _( O1 X: {economic fundamentals, an increase in available inventory and strong consumer0 t3 J5 \4 q6 Z5 y
confidence. While the pace of price appreciation in Ontario leveled off
1 S! C5 N, C1 _; q0 d" U! V8 Pslightly, the province's real estate market remains poised for modest growth.
2 `* V. w8 @2 ~% yIn Atlantic Canada, new housing and condominium construction offered buyers2 A/ u4 _7 o, Z% j; n+ ?, W
greater selection at more competitive prices, resulting in a slower rate of
% u/ d! M: ?7 Z6 f/ Z& X. z0 p) uprice appreciation when compared with 2005.7 t( P$ \9 j1 J- t4 A
" U" w- ~, E) j! p1 c. P
While the pace of growth in Canada has slowed, the domestic housing
% i3 q: l( o: z" \& Cmarket is expected to outperform the American market. The economic and
* W: x1 U9 e( N2 bfinancial fundamentals driving the residential real estate sector in Canada' o3 l+ c) D5 X
are markedly different than those found in the United States.+ T6 m1 o+ o# [ H0 O6 g! W0 k% C
6 C, Y( O% b7 {4 b; M' j
Added Soper: "Canada's housing market is likely to outperform the
1 ^. M" _0 V6 V1 k7 c4 e5 _American market through 2007. A number of factors are working in Canada's
( a+ N# ]$ H! F/ Q% Wfavour, including healthy personal and governmental debt levels, the
/ T) r9 G5 c _$ o. orelatively modest rise in interest rates in our country, and general5 o' F7 v$ F3 e5 z8 `
affordability in our major cities. In addition, Americans are now seeing the
" ~) z( ^& f( A+ e5 ]downside of a tax system that encourages maximum homeowner leverage, and
# Z0 T7 x$ K; w( z9 saggressive financial products such as zero- and negative-amortization- y% F# S0 k# O
mortgages that work only in a high price growth environment."5 t( T8 I+ C }7 Y' [9 `
5 K7 k7 u9 _4 Q; D' f <<
9 @+ ~) O! Q* c: Q) k REGIONAL SUMMARIES
7 Y" t6 V+ x6 ]) f5 j: p% { >>$ t7 X; z0 o0 {0 O) R# i
) |' \9 r: }; `+ d- I
Balanced conditions continued to characterize the housing market in" n8 e$ F5 N" L! @' f' \
Halifax, as significantly higher inventory levels helped to moderate the rate
% o$ k e1 u9 z0 } k$ H) b3 mof price appreciation. Buyers were increasingly choosy, taking more time
. c5 ] x) T8 y; L: n+ Blooking for newer, low-maintenance properties that were not in need of* L1 [# r( B. }5 u) E
renovations.: U, Y; z/ `3 P1 i; x" N$ o0 p$ W
# |+ v. D3 J& L, B& I( l The housing market in Moncton remained healthy and strong as a slight* Q* g5 m. p7 O; a2 T
increase in inventory helped to moderate the rate of price appreciation+ B) ]7 J, l# N
compared to the same period in 2005. Activity was brisk throughout August and! R Y5 V% M6 f0 u6 p- W; i% t
September and is expected to remain this way through the fourth quarter." o& F5 F- F5 |- h5 i
7 k- j' O$ b" w9 [2 B6 O" q9 [+ O9 _ The housing market in Saint John underwent its traditional summer
( g5 l' h; z& Oslowdown in the third quarter, with activity picking up towards the end of the
5 N: h# C8 d; m& I8 {! `2 Mquarter. The local economy continued to thrive, as construction on a new
/ {9 q+ ]( H" ~# o. E6 p1 N) A7 b" _. J600,000 square-foot shopping area has begun, bringing several new box stores; c& S. S2 ]% [& _( t* z2 \
to the area. Buyers have begun seeking less expensive fixtures for their homes$ Q+ X6 g' t( ?6 ~
and are instead opting for more affordable housing options.; |8 \1 ^ S, E
) T( ^) _3 ^4 q1 P& ]
In Charlottetown, the housing market started to move towards balanced6 C/ w T( U: H2 m* p
conditions, as some sellers had to begin to lower the asking prices on their
; r9 l, Q! W5 L. A5 K; x ?8 }homes to make them more competitive. Activity from out-of-town and US buyers2 V% t0 B/ I7 j1 A" P
was down slightly compared to 2005, likely attributable to the strong Canadian
! t4 g9 ]+ B# C6 o I8 N# f" x1 Pdollar. Inventory levels began to creep up in the third quarter, providing+ P! ?5 a. f! r/ w( ~" t% C. V" b6 m! q
buyers with more options when looking for a home." v B* }/ s% G" b
, O7 H( R2 g/ k. a8 P7 m6 @ Activity in St. John's slowed slightly in the third quarter, particularly
! y) U3 D( X7 n* E! {& B7 Qamong higher-priced properties, where there was a slight over-supply of homes
& _, t- k! ?. D0 t: spriced over $200,000. Listing periods have increased when compared with 2005,0 d/ k2 U4 E! }+ v6 H
as some of the pent-up demand that had characterized the market over the last
, V9 J b7 h6 U, hfew years has been satisfied, resulting in more normal, balanced conditions.: ?" Y- s1 _6 v. K
$ g! b+ z% J1 q& Z0 a* M" E+ B3 @ Montreal's housing market recorded modest increases in average house% K& k0 b9 P0 \; }5 [/ L. ] ]
prices, due to a slight seasonal slowdown in the third quarter as inventory3 O% `- I6 ?- F; d
levels rose. Part of this can be attributed to the fact that many renting1 h, j$ v" Y' r
first-time buyers were motivated to close on the purchase of a home by July 1,
; s% S) Z- ]+ E* @when rental leases expire in Quebec. Once this date has passed some of the" a2 |! C0 Z6 H4 A! N. }: y
pressure is taken off the market, allowing buyers to visit more homes before E" G; ^2 ~4 u0 {/ g, M
making a purchase.6 g4 Z7 g4 Z p8 @ h# T M4 ]" ~, E" P
& ~% ]+ H/ @+ K0 U Ottawa held its position as one of the country's most stable housing3 L$ i3 H, R, }+ |- }& l# A
markets in the third quarter, reinforced by a vibrant local economy and strong
$ g' ]& w5 j' F' |4 C' ^confidence, resulting in modest increases in average house prices. The city
1 a( Q; g7 e9 [. ]$ t, N/ f5 Ocentre remained a bright spot in Ottawa, with homes in this area attracting
) N6 w/ ?, \+ Yattention due to their convenient location and proximity to downtown
* E+ ]2 |$ V/ `" ?1 [4 yamenities.
3 j* T, }8 W% E" k# W" a1 S3 W9 i
% n* p7 \' P. |5 ~/ @. ^' @& f& p; O' T The housing market in Toronto sustained healthy activity levels0 |5 r/ e7 [1 h4 U
throughout the third quarter, as a strong economy helped to maintain demand
' w4 b. L e% Pacross the city, causing average house prices to rise moderately. Toronto has
9 k& [, F; U: K9 g( ^! o' m3 Hcontinued to experience modest growth in average house prices, and has been5 G9 q) F0 F/ H4 I
driven primarily by purchasers who are buying homes as their principle/ M% i8 K" T3 P+ T! ~7 {0 l7 l5 C0 I
residence, rather than for investment.2 |9 C7 t, k( F! `+ c. {
1 E- l! x( p4 |" \2 O8 C" C
The vibrant Winnipeg housing market continued to show its strength as
/ E, j$ R* O* i* ghouse prices rose during the third quarter. The booming local economy resulted% n; `- {* g5 M" e+ ]
in a historically low unemployment rate, helping to bolster consumer6 g5 Q* v: a) |+ A& e
confidence and Winnipeg's ranking as the city with the lowest capitalization$ d* D% Z7 ]- n9 [9 m
rate among the country's larger cities - helped to encourage buyers to enter/ n! i4 j& S+ Z5 s# X9 q! r5 E
the market.
1 f+ N9 [% Z7 t3 \
9 `0 @4 ^ C; L' a2 c In Regina, the market experienced a slight seasonal slowdown through
1 n5 I; c) ?, p2 A$ H" \- ?& |July, as there were fewer purchasers in the market due to summer vacations. In$ R% `! ^3 N9 S7 }; U4 @' n
August, activity resumed to the busy pace previously seen in the spring5 y' w7 G+ L( N9 q A- K
months, as the influx of purchasers made it more difficult to find a home due! N7 k" b" H- r; g) J5 Y
to the shortage of available inventory.
/ X! d: R9 d4 }# t. ?5 o1 \: q9 w, L5 O7 G, Q
Activity in Saskatoon remained brisk as the market maintained its
3 \$ R; `; P# j5 |momentum from the busy spring sales period. The economy in Saskatoon remains
( O; X, ?, d0 gvibrant, as employment opportunities are abundant with many businesses
5 I5 P- s) d: e- J+ E: x. m: K( c+ G' mstruggling to make hires and having to recruit outside the province.
/ H8 W! }4 z/ r; p( v
, c! Q1 l/ ?2 ~- D* a% f Calgary's housing market recorded blazing average house price increases
! R- T# j3 [( X1 f/ P" rin the third quarter, in all surveyed categories. The burgeoning economy, low$ q6 L3 U. D% a/ q: R
unemployment rates and low inventory levels remained the leading factors that, I% [, W/ ?. K( [7 D h
pressured Calgary's house prices upwards. However, regardless of the soaring
2 Q3 X; [9 M7 v ^& rprices that characterized the market - even during the typically slower summer
3 ^% K% I1 ^4 p1 n% x `; F2 J$ zseason - it is expected that activity will become slightly more balanced, as
! I+ l: }8 c7 \6 c2 ]# cbuyers are becoming more reluctant to participate in the frenetic activity.
1 z! P; ~* W/ y- V
+ r1 p3 U7 E' z! t0 u! h5 q Edmonton's booming local economy continued to thrive in the third quarter8 ` v% t4 \9 I$ l! b
as activity in the oil sands north of the city continued to flourish. Edmonton
i" G h. R5 tremained the hub of activity for those coming to work in the oil industry,9 K" O, m0 A, l' e% C/ i9 @
maintaining tight inventory levels across the city, resulting in prices
9 ?: B& ~- V+ r: _increasing at record levels. However, as inventory levels continued to improve
$ _$ G4 ~" l9 O& z1 g$ Z. Cin the third quarter the rate of price appreciation should moderate slightly- L4 e4 v1 O# K% f5 W& V
towards the end of 2006.
K. \0 ?" V; p& ?) n2 @$ o7 h
' w6 `; R: Q0 W0 X/ L" y6 TWhile Vancouver has seen a slight reprieve from the severe shortage of
3 ~, d' s8 N( iinventory that had previously characterized the market, supply is still unable
! Z: |- a9 N7 }, E$ g9 o% l ` Eto meet demand, driving house prices upwards. Vancouver has a very diverse, {8 w9 n# J2 e$ d8 b6 s U b: H
group of active buyers - from first-time home buyers to baby-boomers to( N$ j& {; r4 x) G+ Z7 a$ T
foreign investors - all of whom fuel the demand for houses, placing added
9 ~& p9 w3 I' b) Opressure on tight inventory levels.; b/ c( Q; z& P: b7 G+ W6 s# g
: [: ?$ E: ~' B: Z Victoria's market is vibrant and supported by strong economic% r& f! {) z4 n- B0 G) U
fundamentals, fuelled by a booming tech sector and a migration of young people
& O, P$ V2 i7 A9 ninto the city that has continued to support the area's house price increases;
- k4 K* z% K: \9 n( j) O6 @while increased inventory levels have afforded buyers more time when searching! m) c( S+ z" Q" ]6 |+ B# V
for a home, helping to normalize the market's pace.
* @! \6 K+ G4 t! K- ]% c
2 m. r( ]% @6 H' N6 l3 G% Q <<
( M/ ?( G3 K6 }* i3 j/ Z Survey of Canadian Average House Prices in the Third Quarter 2006! {% ~8 D, s! U
; x& z5 W5 D' u$ n; F% X -------------------------------------------------------------------------
6 F. @6 S. Z9 i9 G Detached Bungalows Standard Two Storey
1 f5 V8 F! W8 _3 c4 B" @" Y -------------------------------------------------------------------------
9 n% {7 [2 L* w) ` 2006 Q3 2005 Q3 Bungalow 2006 Q3 2005 Q3% |9 B2 p" K) s6 `$ _/ G& Z
Market Average Average % Change Average Average
2 }9 O3 a9 c) n" J; j- y -------------------------------------------------------------------------
; C# f$ v u+ s3 r' x8 d8 X Halifax 186,333 173,333 7.5% 198,667 199,000
6 ^8 B% ]. K# ~6 R -------------------------------------------------------------------------, g- w* y0 p; P3 s
Charlottetown 145,000 141,000 2.8% 175,000 170,0009 n2 R: ?: r9 o
-------------------------------------------------------------------------5 N! Y8 h. k3 ]) h7 l) Y
Moncton 135,000 127,000 6.3% 129,000 123,000. Y- g" q/ o5 S
-------------------------------------------------------------------------: x- ^$ b9 T/ x
Saint John 141,200 142,900 -1.2% - -
# L! o# W! f. ?/ |. E/ o3 b -------------------------------------------------------------------------0 I$ p* t! j9 I4 R, N$ U3 C+ ^6 t
St. John's 143,667 142,667 0.7% 200,667 202,333
0 ]* a3 ^- O1 L7 D8 J1 W0 p -------------------------------------------------------------------------
4 v5 b7 {0 ]; S2 A0 ]' Y Atlantic 150,240 145,380 3.3% 175,833 173,583
- i" L C) } | f* h/ t! h- p -------------------------------------------------------------------------6 v, X- s; a, R! j& ~- E
Montreal 213,691 203,500 5.0% 321,141 316,1858 I) q6 B1 b8 V. I7 A; E' b
-------------------------------------------------------------------------
5 K7 Z6 X, h6 G Ottawa 290,083 278,417 4.2% 285,667 273,250$ ?/ \( O6 Q& f9 b- f
-------------------------------------------------------------------------
# `& J0 y5 k& V$ D2 K) X Toronto 373,368 355,882 4.9% 481,523 474,766* H5 C1 K% r* g, p
-------------------------------------------------------------------------$ @# d8 W- ]2 h" D" z3 n1 G
Winnipeg 181,579 159,860 13.6% 202,337 180,707: ]. D3 y. P1 _/ ^
-------------------------------------------------------------------------# y; v/ }: @- v8 t8 x E! @
Saskatchewan 170,667 156,083 9.3% 182,600 166,500, v) Y: v1 ^ o& a C7 e R
-------------------------------------------------------------------------
7 d" s% f/ F# d Calgary 395,067 252,411 56.5% 405,778 264,389$ |8 a0 @* Z: q4 |' `
-------------------------------------------------------------------------/ n9 @: n8 W6 Y# D8 J
Edmonton 286,857 194,857 47.2% 316,429 206,714) l* b: P Y8 x. u. c
------------------------------------------------------------------------- W) V, J3 k1 R) u: k, R4 B$ }
Vancouver 704,250 601,000 17.2% 794,000 697,500
$ h/ K4 \+ @1 ^4 L -------------------------------------------------------------------------
, G7 t0 O$ l* O, j7 r! d; V' k# w Victoria 375,000 348,000 7.8% 403,000 391,0003 J. c& Y# R# o# @4 }6 r& C
-------------------------------------------------------------------------: _: n3 X% y/ t6 [
National 300,365 258,202 16.3% 365,380 322,860
: l8 Q5 ~: o7 ], A! Y -------------------------------------------------------------------------
$ N& J$ p9 I& c1 v' t& l% M- V X% m8 ~7 ^
-------------------------------------------------------------
( M3 G9 E7 n5 s2 T' y4 o. o; m Standard Condominium; P. D, ?0 u2 A9 m, N$ H
-------------------------------------------------------------
+ b) {3 ^- G4 S0 q' R 2-Storey 2006 Q3 2005 Q3 Condo
) I& J S/ Y1 F3 K$ B" L) m Market % Change Average Average % Change
6 b) e' S; J- e -------------------------------------------------------------1 D6 f4 R% l r
Halifax -0.2% 142,000 103,000 37.9%
5 t" r' z$ ]2 N -------------------------------------------------------------
2 u/ \! [4 v- y5 Y" l+ z2 o Charlottetown 2.9% 98,000 98,000 0.0%
, r+ N: j3 G) M k -------------------------------------------------------------
/ U. V$ Q1 T" W1 ~ Moncton 4.9% - - N/A6 e- g, U% {4 I3 Y5 J3 n
-------------------------------------------------------------
0 P" I8 |8 X: u8 A5 E Saint John N/A - - N/A
- |3 o) Y$ ?! n P& ^# Y6 h -------------------------------------------------------------% d# O) p# A: {
St. John's -0.8% 146,333 145,667 0.5%- `, |! Z+ M" h* a7 Q, O
-------------------------------------------------------------
# D& I* V9 c2 j' @0 o, s: U Atlantic 1.3% 128,778 115,556 11.4%8 S/ e/ p' ?2 X
-------------------------------------------------------------! G- C) k1 O$ X* r* W1 l9 r
Montreal 1.6% 193,190 188,016 2.8%
: g* g2 W- y A" @2 Y3 E -------------------------------------------------------------& p8 R& B4 n* T# K' J
Ottawa 4.5% 181,083 172,250 5.1%
6 h" P0 D: T8 w8 T+ _% d -------------------------------------------------------------
2 _$ A4 d& v* t4 Q Toronto 1.4% 252,088 242,918 3.8%
! N% h( V4 T9 G/ W# q4 [ -------------------------------------------------------------1 J$ n1 c7 c3 w1 t @9 A
Winnipeg 12.0% 105,648 96,008 10.0%
' J" f Y |+ v1 C' [8 X -------------------------------------------------------------9 Y0 l# m3 q+ o& z
Saskatchewan 9.7% 106,250 101,000 5.2%, R4 {9 n* K; q' d0 `+ e
-------------------------------------------------------------# V5 O o6 K+ H/ Q; B: k1 `
Calgary 53.5% 245,844 153,867 59.8%" d8 V9 S: ~6 R3 O& d& F+ |
-------------------------------------------------------------0 M: a( m9 \/ Q' `
Edmonton 53.1% 200,433 131,500 52.4%
% b* P, P: e8 G! n" t$ R -------------------------------------------------------------' j k5 @/ P; b5 l) b( B+ o! A0 R4 h
Vancouver 13.8% 366,250 323,250 13.3%3 k9 i g! Y* x/ A
-------------------------------------------------------------. `, N; Q p( \7 X
Victoria 3.1% 229,000 220,000 4.1%
$ ?% a% B/ D* ?% D! Q -------------------------------------------------------------& D8 M8 a* j: r7 ~- ~ O
National 13.2% 211,562 185,296 14.2%
8 K7 W- c! C# V' b6 p D8 Q -------------------------------------------------------------
6 w. G! a5 [: j; j5 J >>' ] i) Q& Q! e7 E- Z/ w: l5 K9 X
) |- K3 b4 I5 ~1 L0 ]/ M4 |0 C
Average house prices are based on an average of all sub-markets examined( n( s: v8 F* i
in the area, except for the smaller markets of Charlottetown, Moncton, Saint1 @+ B [/ f' U& e
John and Victoria.
v8 ^+ q0 S. D
) T: \' Q+ L( Q' [2 o3 L The Royal LePage Survey of Canadian House Prices is the largest, most
1 y7 G: ]2 [% g: m' Fcomprehensive study of its kind in Canada, with information on seven types of
+ a$ Z2 F" E4 h% I% c3 Zhousing in over 250 neighbourhoods from coast to coast. This release
. u+ ?# n/ `5 y% Y3 S; V0 }! ]+ ^references an abbreviated version of the survey, which highlights house price) S1 b8 P1 N8 Q4 }! \9 L3 K7 o
trends for the three most common types of housing in Canada in 80 communities
, ]+ g, g) S8 Bacross the country. A complete database of past and present surveys is5 n: A; Y/ w3 y$ w m+ y8 P
available on the Royal LePage Web site at www.royallepage.ca, and current) L, Y- s' T- ^ i n& `
figures will be updated following the end of the third quarter. A printable- x, @. w( r6 n& P2 f* l2 A- _* p
version of the third quarter 2006 survey will be available online on' [8 W* g( {! S
November 15, 2006.
9 Q0 Z G" w+ r h Housing values in the Royal LePage Survey are Royal LePage opinions of) c, {* h7 ^$ k/ V3 w, T H
fair market value in each location, based on local data and market knowledge
* c7 e5 m" \2 m. Xprovided by Royal LePage residential real estate experts. Historical data is3 S* X: k }1 G/ `/ j- ~* \
available for some areas back to the early 1970s. |
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