 鲜花( 0)  鸡蛋( 0)
|
Canada's housing market both vigorous and stable
# b, w* n) j" A' g0 w! ^/ k
+ f) c2 h' t, m3 o4 ]5 _- Country's market poised to show growth throughout 2006 -5 W. V4 d2 t& J* ?8 f* I$ I
8 C/ G+ J: S/ Y
TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market/ w. n0 U6 Z F0 Z! R8 V0 D
exhibited moderate price increases and stable unit sales during the third# F$ `2 B7 E4 l: r+ d. u
quarter. Wide regional variances continued to be the dominant characteristic3 ?7 R( v; ^+ G0 F4 y" A+ ]: t
in the market, exemplified by frenzied levels of activity and double digit
: u+ n$ q' t9 B) Q, e. L7 ~6 fprice gains observed in the energy and commodity rich Western provinces, and, n+ [5 D$ S6 ]3 v0 B
more reasonable sales volumes and moderate price appreciation in Ontario,
. y& z& _9 k0 o6 m- OQuebec and Atlantic Canada, according to a report released today by Royal
7 ~8 z0 I: {' R+ G# F2 L5 tLePage Real Estate Services.4 Z s; A2 l: g& Z
5 C1 N+ n& x! F6 f7 h
Nationally, market trends established through the first three quarters
& m6 T: u. v: h1 B9 V+ D Y- H& oare forecast to continue for the remainder of the year. Robust economic
( l- ^: m$ o6 G# hconditions, low unemployment rates, modestly growing salaries and wages, and9 a% I$ N# W6 l/ L8 P* w8 D0 t+ o
sound consumer confidence contributed to the overall strength of the, [$ _. \; g: }2 Z8 I) X) |* [* D
residential real estate sector.
5 y8 ?/ l4 [% L& {4 c% Y1 `* X. ~2 B, [2 S" V5 {# o6 k. P
Of the housing types surveyed, the highest average price appreciation1 X, B5 |' O) ]) C+ R
occurred in detached bungalows, which rose to $300,365 (+16.3%)
; r) c' Y2 V! syear-over-year, followed by standard condominiums, which rose to $211,5629 Z3 D0 f& [+ L1 D* N. O1 Q6 S9 K3 n
(+14.2%), and standard two-storey properties, which increased to $365,380) u3 K# k/ W# V# g) M! F2 b
(+13.2%).7 {4 L0 C" t% H2 Q$ I! C
K( X' r' ~1 e* q: L
"Canada's sturdy housing market continued to demonstrate steady growth. M" J( o. P' X+ ^- {& ~
during the third quarter. For all but the west, we have moved on from the
" h: |3 U5 \7 s! a, m2 Nfrenzied expansion that characterized the first half of this decade, and are6 P4 p6 o) V- y6 }1 x# ~* [
poised to show continued growth at a more moderate pace," said Phil Soper,
; }) p/ `. P9 ]/ o8 ]9 d% Gpresident and chief executive officer, Royal LePage Real Estate Services.4 o; v: N x/ |: Q$ y
"Gone is the sellers' market that we have lived with for some years. We
" H2 K, R& C6 _ c4 }" q& Jwelcome the more reliable conditions that are characteristic of a healthy( `: ]. H: b& h
balanced market."
3 D y( [, J, M! R. H9 L2 g( x4 v% p+ u5 @& N+ E. w
Despite the double-digit rise in average national house prices,& q2 ]5 v0 s1 u7 c7 U
considerable regional variances were exhibited again this quarter. The shift
; F" k+ i' ?. ?0 p2 `0 X- h: a9 Mto balanced market conditions, which began in late 2005, has continued' b4 w- H. X ~: [9 W/ A
throughout most of the Central and Eastern regions of the country. In the core6 P% O6 [& L5 r0 r& m, M1 `
energy producing western provinces, the combination of very high in-migration,$ e, V5 i- w) }' j, ~- u
manageable affordability, and a shortage of inventory has driven record8 r' J, P3 x6 u: w8 } ~0 q. x- E
breaking price appreciations.7 {* P1 ?5 B$ f+ l
1 J5 [$ e, E7 V6 {9 N0 f4 b: F
Echoing the second quarter and supported by Alberta's rapidly expanding H+ O0 a8 \( s: F7 s) \6 K
economy, Calgary and Edmonton led the charge of Canadian cities with the6 P3 R/ G$ z# V c4 z" o
largest house price appreciation in all housing types surveyed.% z7 p) C; {% C% ^1 {* d- U( l
' L3 E- h+ S) y3 k' ^/ [9 ^ In Ottawa and Toronto, growth remained steady, supported by solid4 W0 u! m2 a* k( Z
economic fundamentals, an increase in available inventory and strong consumer
/ R( ]8 ^: Q2 l! s8 W6 e7 Jconfidence. While the pace of price appreciation in Ontario leveled off
3 W7 p' P( I$ A: {slightly, the province's real estate market remains poised for modest growth.
8 d) u3 K- f' tIn Atlantic Canada, new housing and condominium construction offered buyers+ d, s" x6 X; L4 R- |3 ^
greater selection at more competitive prices, resulting in a slower rate of
x6 Y$ z2 p( L' `; B- }price appreciation when compared with 2005.
7 Z5 K4 x" }% n" I2 Q
2 i1 z8 J% M1 c7 B While the pace of growth in Canada has slowed, the domestic housing6 ^# B5 E% Z# u7 F; N5 i4 q9 I
market is expected to outperform the American market. The economic and7 d4 v4 Y8 m4 K6 \5 O
financial fundamentals driving the residential real estate sector in Canada
( `9 _) |2 j$ Z+ A) L( Fare markedly different than those found in the United States." t( U4 o, ~, I" B, i! p* {6 q
8 t5 q% Q/ R: K7 O4 C Added Soper: "Canada's housing market is likely to outperform the# a2 y, H7 V1 ?$ O
American market through 2007. A number of factors are working in Canada's
9 K1 H* V0 N. |4 xfavour, including healthy personal and governmental debt levels, the6 F) n: B. R/ [ o' t
relatively modest rise in interest rates in our country, and general
9 w4 I: [) V2 F) faffordability in our major cities. In addition, Americans are now seeing the
2 K8 j3 P, S) O: xdownside of a tax system that encourages maximum homeowner leverage, and3 w: R- S7 X# ~: r# u: ?/ V
aggressive financial products such as zero- and negative-amortization
) t5 d6 s# D8 [* ^6 A6 P: z3 k2 }# Imortgages that work only in a high price growth environment.", ^9 b0 N: f& b# S4 B/ R, g
4 i0 d' P* y+ t, P1 V <<. f" d a$ Z7 @2 X' @% I. @8 {7 z6 O
REGIONAL SUMMARIES! \7 `, y% a! q3 M; e: m; a
>>8 m+ m, P! F) j2 w1 J4 G0 y
; u$ J; u3 C# C/ N
Balanced conditions continued to characterize the housing market in
' }: O7 I! U: R6 q6 r) n( eHalifax, as significantly higher inventory levels helped to moderate the rate
5 Q+ J- O# U# `- A( U# dof price appreciation. Buyers were increasingly choosy, taking more time5 |( e) ?9 W% i0 p0 A0 ?1 e* D
looking for newer, low-maintenance properties that were not in need of# m' I5 r1 I% \" G( _* o
renovations.
7 T, Z& H) C2 V" Q* R C
1 R# s7 L: _2 j" D$ a N9 E0 n+ S The housing market in Moncton remained healthy and strong as a slight
) p, P3 W" }1 S- \increase in inventory helped to moderate the rate of price appreciation
, d6 R g5 G' Pcompared to the same period in 2005. Activity was brisk throughout August and& `- Z5 \! M2 ?$ w" c
September and is expected to remain this way through the fourth quarter.0 k% R7 x/ o7 C, k( Q* F* ?. f9 Z
' f4 T4 d5 s5 E. f0 J; { The housing market in Saint John underwent its traditional summer
. v6 C) d8 J U- @+ \7 {( zslowdown in the third quarter, with activity picking up towards the end of the0 k6 y x) `2 ?5 s" ?3 u7 q
quarter. The local economy continued to thrive, as construction on a new
' A( n# \0 W8 i4 j$ W600,000 square-foot shopping area has begun, bringing several new box stores
- K C1 K# D9 N, Rto the area. Buyers have begun seeking less expensive fixtures for their homes
- N! P& H9 l( ^8 H1 r2 {, cand are instead opting for more affordable housing options.0 V& j; v+ q' C7 D" [. O: @
/ \* Y: ^6 K4 q( P2 s# \6 U
In Charlottetown, the housing market started to move towards balanced
5 W( f2 O# A5 G; { ]$ tconditions, as some sellers had to begin to lower the asking prices on their
K- X5 ]. j& q# r1 M7 E1 Ghomes to make them more competitive. Activity from out-of-town and US buyers
6 I" K) h4 z" f2 F4 H3 bwas down slightly compared to 2005, likely attributable to the strong Canadian
9 N5 y. l; _) e0 o: zdollar. Inventory levels began to creep up in the third quarter, providing- V& ~7 E. w* n- y7 ~- r& ?* m' l
buyers with more options when looking for a home.
2 b" r; X4 F3 z3 a3 L9 w r) _$ t; J! r6 M
Activity in St. John's slowed slightly in the third quarter, particularly
* t& ^* Z. C- y4 \among higher-priced properties, where there was a slight over-supply of homes
) E% S. I. o W! N9 L; `priced over $200,000. Listing periods have increased when compared with 2005,
, h5 P5 O. E p$ _, w; kas some of the pent-up demand that had characterized the market over the last4 u* X$ k/ f: R1 ?4 r& s+ }/ ]
few years has been satisfied, resulting in more normal, balanced conditions.% Y& ~! \! f7 f" H$ |5 W
4 m% u% J( N7 F1 s/ J* `8 c
Montreal's housing market recorded modest increases in average house1 y: u4 B8 {, z$ F- U0 t
prices, due to a slight seasonal slowdown in the third quarter as inventory
6 x3 z0 Z# J# P5 [levels rose. Part of this can be attributed to the fact that many renting
, @: m6 W4 ^; ~+ C- z, I: t- B) Jfirst-time buyers were motivated to close on the purchase of a home by July 1,
$ ]+ C) k) M3 A( X6 ` Zwhen rental leases expire in Quebec. Once this date has passed some of the
5 D7 _# e' p* O9 V/ \& W! d0 j2 V# W6 xpressure is taken off the market, allowing buyers to visit more homes before0 q' s: [3 H ~0 \% ^
making a purchase.
% O* @. G9 z/ Z2 m5 g; V* h% [+ n5 U5 x. `8 S
Ottawa held its position as one of the country's most stable housing$ u2 F G5 H5 N
markets in the third quarter, reinforced by a vibrant local economy and strong2 B. }3 ?# w. F- Y0 N1 o
confidence, resulting in modest increases in average house prices. The city% U' A6 m" e8 ?$ {: k: w
centre remained a bright spot in Ottawa, with homes in this area attracting: k' R& ]9 R# H0 q) Z7 L
attention due to their convenient location and proximity to downtown
3 i! o4 E. M& N: ]6 q6 [ Mamenities.
g1 K }9 i8 }$ M" F
; D/ D1 @% V" q: o$ N0 z The housing market in Toronto sustained healthy activity levels
% s; @9 i; R) ^6 S) q4 n# @( M: \throughout the third quarter, as a strong economy helped to maintain demand
* l" e4 R. X2 d4 K8 Z) U$ Wacross the city, causing average house prices to rise moderately. Toronto has7 s2 f) S- S6 T7 E# |- F/ [ N$ [
continued to experience modest growth in average house prices, and has been; @! ~/ F2 D% M& I0 }$ R
driven primarily by purchasers who are buying homes as their principle& K; j% x3 k3 I3 i# J
residence, rather than for investment.- y; c+ ?3 [4 U. G! {
; K7 ?! p" n4 w, j7 j7 U& z The vibrant Winnipeg housing market continued to show its strength as
! E$ K' L" E, W8 jhouse prices rose during the third quarter. The booming local economy resulted
3 D) X$ O: `: d9 F# b$ S3 nin a historically low unemployment rate, helping to bolster consumer
* i5 B3 I% r# z! A' P" ^confidence and Winnipeg's ranking as the city with the lowest capitalization+ l+ \/ l* Z* L/ l) ^
rate among the country's larger cities - helped to encourage buyers to enter
0 V# b1 |, H8 h, Vthe market.5 o9 ?! x7 I7 H
- f& }) P7 A2 |8 J
In Regina, the market experienced a slight seasonal slowdown through
5 F9 F/ V* s% i, W/ c. h9 W0 NJuly, as there were fewer purchasers in the market due to summer vacations. In' G. V8 y+ T2 c& Z @1 ?1 `
August, activity resumed to the busy pace previously seen in the spring( z/ {2 z5 B* V7 @
months, as the influx of purchasers made it more difficult to find a home due# r. i" F2 `# V6 p* `7 R' T. D
to the shortage of available inventory.! S' k. u" x- m. M1 p- |0 d
) [, N( X, ~5 V1 m! w& \ Activity in Saskatoon remained brisk as the market maintained its/ `0 H0 Z! M. D) T
momentum from the busy spring sales period. The economy in Saskatoon remains
1 t' k: u* V( J0 w% Lvibrant, as employment opportunities are abundant with many businesses
* X n' g0 a( b- o, X8 x2 O; Wstruggling to make hires and having to recruit outside the province.
; p, d+ m3 D2 Q0 V- z/ o4 n+ r7 J* g6 Z1 S; M
Calgary's housing market recorded blazing average house price increases
7 W t9 h3 b$ r0 I6 ~8 ~( l# Win the third quarter, in all surveyed categories. The burgeoning economy, low& B+ W9 {% J! d, M2 r: K
unemployment rates and low inventory levels remained the leading factors that
$ n5 M0 v8 A3 H% _pressured Calgary's house prices upwards. However, regardless of the soaring
8 |. N- A, T# w. j6 b5 Sprices that characterized the market - even during the typically slower summer
1 z' O; J0 O$ iseason - it is expected that activity will become slightly more balanced, as
- [: f. ^$ T7 p. Bbuyers are becoming more reluctant to participate in the frenetic activity.
# o/ Z% E; F* F% ]/ B- d
1 _" {: w: y+ ~ O @) j Edmonton's booming local economy continued to thrive in the third quarter
4 |5 z" }, _4 s: l1 qas activity in the oil sands north of the city continued to flourish. Edmonton
& ?0 f8 m8 U6 ^. k' Tremained the hub of activity for those coming to work in the oil industry,/ Q, ^- {# `7 G8 x3 z" {
maintaining tight inventory levels across the city, resulting in prices3 m1 l* y3 \ e2 H ^0 m& z
increasing at record levels. However, as inventory levels continued to improve- G. U ~5 Z: W5 y7 `, s; C
in the third quarter the rate of price appreciation should moderate slightly8 f) U4 }4 p, P8 ^
towards the end of 2006. * O4 u$ R" n* I" Z
$ l6 H) Z, b! F8 ^1 AWhile Vancouver has seen a slight reprieve from the severe shortage of9 j& | k) \. R$ ` ?( A$ o/ a
inventory that had previously characterized the market, supply is still unable
2 d) k/ m9 f8 z N7 f3 Xto meet demand, driving house prices upwards. Vancouver has a very diverse. a$ G) T9 ?5 s( F9 l$ N
group of active buyers - from first-time home buyers to baby-boomers to* a1 _" o9 T% x# {& u+ w
foreign investors - all of whom fuel the demand for houses, placing added: O5 p% A$ G; C7 w) t' ~ D7 b1 @* a
pressure on tight inventory levels.( U9 ?8 w; U# V! \5 o( N
" r# e7 ?% r% N% Q" P h
Victoria's market is vibrant and supported by strong economic0 C$ A; {8 W; ^+ K+ Q* f
fundamentals, fuelled by a booming tech sector and a migration of young people
( J1 I2 O2 T! j+ W7 u w% W5 tinto the city that has continued to support the area's house price increases;9 | @& E9 j& e
while increased inventory levels have afforded buyers more time when searching
0 P; E7 L; k- o1 i2 @4 Q) W7 Ofor a home, helping to normalize the market's pace.
& G. S' k0 @ F$ c9 |; T( t
) z a9 X7 G. A: b6 K) F <<
% Z1 b4 z) |% O7 i1 c Survey of Canadian Average House Prices in the Third Quarter 20069 P- Q+ U. s' g; h
9 }9 V, p! U7 c2 v% H! X, i6 k7 s -------------------------------------------------------------------------# I( Y8 c& ?8 X) l; V1 S6 d
Detached Bungalows Standard Two Storey* u% Z+ Y5 T! W4 B$ I
-------------------------------------------------------------------------3 k t6 G$ c4 Y# P8 }% u4 U" m
2006 Q3 2005 Q3 Bungalow 2006 Q3 2005 Q3
) {, x. e2 [5 n' H( \( T( \* v Market Average Average % Change Average Average
. S! x) A: Z9 e( ^3 r -------------------------------------------------------------------------- a7 u# M+ l% w0 D2 u, `4 ?
Halifax 186,333 173,333 7.5% 198,667 199,000
8 y+ F3 e8 c) a' r -------------------------------------------------------------------------
* [$ I3 G2 o' o. g: C7 R Charlottetown 145,000 141,000 2.8% 175,000 170,000( r- i8 I" s& o0 S2 D0 ~
-------------------------------------------------------------------------
, \6 E8 m7 s3 ^" `) }: f Moncton 135,000 127,000 6.3% 129,000 123,0008 u8 _/ A, U) D# @/ J) R0 E
-------------------------------------------------------------------------4 X4 Y: N% Q: p6 P8 u; ~
Saint John 141,200 142,900 -1.2% - -
6 |, i" l! w; e/ j -------------------------------------------------------------------------0 ]( y# R2 O' F
St. John's 143,667 142,667 0.7% 200,667 202,333
5 B: e8 \. L5 o: A -------------------------------------------------------------------------# {- o" d- y! H& x" Z) h
Atlantic 150,240 145,380 3.3% 175,833 173,5838 V$ O+ t1 D$ T( R; T( z3 G
-------------------------------------------------------------------------+ t' K! p; l9 Y, {
Montreal 213,691 203,500 5.0% 321,141 316,1855 T2 N2 q- f. ~: P
-------------------------------------------------------------------------
) [; T+ A& E# U* P- a: z/ I* Z Ottawa 290,083 278,417 4.2% 285,667 273,250
" r( d& t2 {7 u/ i& t4 [! _; c1 p -------------------------------------------------------------------------
' J x( \4 o6 T0 |4 I9 l: ?* P Toronto 373,368 355,882 4.9% 481,523 474,7665 x" h8 @4 N9 {! L8 b7 B
-------------------------------------------------------------------------
' b: v& P' g- [, Q" V5 o Winnipeg 181,579 159,860 13.6% 202,337 180,7072 e% g& |8 m" c& \ ? O$ Y
-------------------------------------------------------------------------( u5 s1 s; \' I$ o& n
Saskatchewan 170,667 156,083 9.3% 182,600 166,500
& L/ ]+ s. B+ { -------------------------------------------------------------------------6 s& Z$ w: h! @! h9 i; ~ d4 e
Calgary 395,067 252,411 56.5% 405,778 264,389
: W, B' V! U* j, q8 b- N1 }4 Y O3 J -------------------------------------------------------------------------4 F7 x( k) u- f( c7 m3 E, }
Edmonton 286,857 194,857 47.2% 316,429 206,714* i1 b# \& \) f6 m1 Y
-------------------------------------------------------------------------; I% I$ A( N3 _% I' Z( ]
Vancouver 704,250 601,000 17.2% 794,000 697,500
, o) B: ?6 ^: | -------------------------------------------------------------------------
* \$ i- k; w# M7 C Victoria 375,000 348,000 7.8% 403,000 391,000
# B, [ t7 u. S- z# { -------------------------------------------------------------------------+ e) a& B% K4 r2 x# ? n
National 300,365 258,202 16.3% 365,380 322,8607 S& Q+ B8 Q2 P. N& c# s. |/ M
-------------------------------------------------------------------------
! x0 ~& I: y8 v( l. j) g6 q9 l1 s+ ?( p% f9 [
-------------------------------------------------------------/ Q6 d. |% ` ^7 M( q) t
Standard Condominium. t6 V* j* T- X2 L
-------------------------------------------------------------& i8 ~/ o" r; \; U
2-Storey 2006 Q3 2005 Q3 Condo
8 G" l, z: v. }2 s K8 I Market % Change Average Average % Change- g) y4 ` H% k& n1 x
-------------------------------------------------------------$ G* j6 m* A1 j% ]. @' m3 g
Halifax -0.2% 142,000 103,000 37.9%
$ u: a8 N+ s! W4 E0 k3 O' ^4 g -------------------------------------------------------------) ] g1 X/ G. O$ E# E$ o. l$ Y; ?6 R
Charlottetown 2.9% 98,000 98,000 0.0%& r0 h! q; |2 d& g6 u" f% E& y
-------------------------------------------------------------0 @$ d: W; x1 D$ _+ L3 ]
Moncton 4.9% - - N/A
$ m& M) Y5 c0 Y -------------------------------------------------------------
- ~8 u2 O) _9 ]" I. \$ q. O Saint John N/A - - N/A B- i) X) Y0 a1 w7 n
-------------------------------------------------------------2 h! n0 q; ^5 M7 j
St. John's -0.8% 146,333 145,667 0.5%
0 a) ]; m2 N. z( r -------------------------------------------------------------/ |" @5 {) _* \; f0 s1 g
Atlantic 1.3% 128,778 115,556 11.4%, Y$ i- Z; v5 V0 l
-------------------------------------------------------------( b# R& t: [7 a3 ?+ \
Montreal 1.6% 193,190 188,016 2.8%
3 }( n% h# ~* T" ]# V -------------------------------------------------------------
0 v5 u" p' s& G! _$ }7 D Ottawa 4.5% 181,083 172,250 5.1%8 p; l" r" Q/ u5 ]
-------------------------------------------------------------
7 T0 z) M0 a% h Toronto 1.4% 252,088 242,918 3.8%
) B2 O. Q6 d8 v" V0 T9 O -------------------------------------------------------------
; A3 L. B& p6 Y$ t$ x Winnipeg 12.0% 105,648 96,008 10.0%
& {. o7 l2 }/ q5 P- K" i- }* j -------------------------------------------------------------
; V3 _1 ~) s9 J6 K. u' z; q$ F! M, g Saskatchewan 9.7% 106,250 101,000 5.2%1 K+ N( w) j9 \3 h
-------------------------------------------------------------
$ |/ @: k$ N" N; S n& e' { Calgary 53.5% 245,844 153,867 59.8%
% ^9 ?( A4 G q- D -------------------------------------------------------------
/ M! f$ _* A% d) A Edmonton 53.1% 200,433 131,500 52.4%
5 \; S9 a: c5 g -------------------------------------------------------------
- p P$ q2 G: G; W( y Vancouver 13.8% 366,250 323,250 13.3%
5 ~+ K" ?9 }. U -------------------------------------------------------------
3 r! I4 `: b8 R Y$ }0 G8 A Victoria 3.1% 229,000 220,000 4.1%
* D7 b& c% z+ X2 a' ] -------------------------------------------------------------
& X& h! d' |, k2 D6 } National 13.2% 211,562 185,296 14.2%
) H$ k' f$ t$ m( w4 N: |+ C: } -------------------------------------------------------------
: q0 m" R# K! f6 r >>
) W9 Q) R1 y0 B% \% ?# N% ^9 d6 x
Average house prices are based on an average of all sub-markets examined' m( O `, c' {' [2 {
in the area, except for the smaller markets of Charlottetown, Moncton, Saint
h- x) ?( V& |John and Victoria.
* d9 U, \9 p# ^8 ?, d+ T7 y2 z, F. M0 i
4 ^9 R9 z2 m$ X' c- R" u) ^1 w The Royal LePage Survey of Canadian House Prices is the largest, most" w$ B. L. B0 w1 U0 J" V
comprehensive study of its kind in Canada, with information on seven types of% Y; k- t8 H: p+ _
housing in over 250 neighbourhoods from coast to coast. This release
+ G* }3 j* z, O# ereferences an abbreviated version of the survey, which highlights house price
9 B5 }6 k/ w4 Ztrends for the three most common types of housing in Canada in 80 communities
3 T: s2 X* f' Z% {" }across the country. A complete database of past and present surveys is
- w. `/ ` m, v' c% Gavailable on the Royal LePage Web site at www.royallepage.ca, and current
$ q& M; T! F$ E% G+ Y" O$ kfigures will be updated following the end of the third quarter. A printable
* ~- A' S6 L1 Z) kversion of the third quarter 2006 survey will be available online on/ M& c+ C/ u, D0 V8 E9 [8 z
November 15, 2006./ Y0 |* ~9 `! m9 @- d
Housing values in the Royal LePage Survey are Royal LePage opinions of
9 e; q b& @! w# D6 e7 hfair market value in each location, based on local data and market knowledge
: v* H4 A: L0 g0 Q2 ? A; dprovided by Royal LePage residential real estate experts. Historical data is1 b+ u! ~# P/ t1 y( d0 t* b
available for some areas back to the early 1970s. |
|