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Canada's housing market both vigorous and stable `3 S8 H- k- C" q! I/ k3 u; |6 T
4 H6 I7 F2 {8 `1 o9 O3 r- Country's market poised to show growth throughout 2006 -
& W5 U8 g5 m d0 {
; b+ H) W/ w8 |( K8 ^5 M TORONTO, Sept. 28 /CNW/ - For most of Canada, the housing market7 H# N1 `* {7 Y4 y' I
exhibited moderate price increases and stable unit sales during the third1 i6 ? B- K' |1 ~7 s
quarter. Wide regional variances continued to be the dominant characteristic
$ a2 Y, g0 ?8 _# D, H' M0 Hin the market, exemplified by frenzied levels of activity and double digit7 K0 I4 [: o* E' G
price gains observed in the energy and commodity rich Western provinces, and. a7 ~ O/ c. z$ [: B
more reasonable sales volumes and moderate price appreciation in Ontario,7 E1 B% ^4 Y8 {7 s0 V
Quebec and Atlantic Canada, according to a report released today by Royal
! m6 g8 ^- G1 M" D" v' S( }$ NLePage Real Estate Services.
, K4 ~- p/ p2 }- ^, a! _! ?2 T
9 T B6 \+ e" d. y1 c Nationally, market trends established through the first three quarters! k# l0 _) `) M. c7 q5 f
are forecast to continue for the remainder of the year. Robust economic
* u9 ^* N! z; T( Aconditions, low unemployment rates, modestly growing salaries and wages, and
( k1 U$ b+ k, E* E: r/ vsound consumer confidence contributed to the overall strength of the
- Z e2 {4 }0 g8 I+ w! Y" hresidential real estate sector.8 j6 X# l+ {. b0 R0 O; |
0 C' u7 n k% _
Of the housing types surveyed, the highest average price appreciation) F. L2 U4 X3 Q$ R6 K7 H" Y$ b
occurred in detached bungalows, which rose to $300,365 (+16.3%)9 W. K2 B- W; }, c1 J$ w. c" T
year-over-year, followed by standard condominiums, which rose to $211,562
' y' n" M2 m5 U) G9 C" m' u(+14.2%), and standard two-storey properties, which increased to $365,380
8 t v* U* ^, [+ |. H9 b; W(+13.2%).
$ u( S* i) M; b, \+ O. l
4 r5 W) V6 K7 F8 j0 i4 o "Canada's sturdy housing market continued to demonstrate steady growth
4 H: F- k! h! _& c" qduring the third quarter. For all but the west, we have moved on from the
; ]- s" W* h% ^# h3 Q% i5 Nfrenzied expansion that characterized the first half of this decade, and are
9 J# c1 V: L2 m0 R) Upoised to show continued growth at a more moderate pace," said Phil Soper,$ p4 i( Q3 t) h
president and chief executive officer, Royal LePage Real Estate Services.9 N; a3 F: Y8 c- l2 m
"Gone is the sellers' market that we have lived with for some years. We
$ `" X% V/ C5 r3 w( mwelcome the more reliable conditions that are characteristic of a healthy& k. `! b3 f* V @& |
balanced market."& j' }" `3 |8 [. [
) P. D3 D* b7 k( Z' a; S Despite the double-digit rise in average national house prices,0 |$ K2 y0 L" ^0 }+ X
considerable regional variances were exhibited again this quarter. The shift$ A+ e8 C1 p3 m1 \0 @* Q0 W4 v
to balanced market conditions, which began in late 2005, has continued
- z" u5 V, }) C2 a9 ]$ qthroughout most of the Central and Eastern regions of the country. In the core
5 [7 E8 n) _' {; K& Kenergy producing western provinces, the combination of very high in-migration,- i# l: }7 n s' J; K* x4 h
manageable affordability, and a shortage of inventory has driven record; Q* L( W8 @6 o! E9 W4 d# E! w# _( [
breaking price appreciations.
+ t! {* s: c# v; j0 l1 _) B! I- F# i; L9 b. p% G7 A& W
Echoing the second quarter and supported by Alberta's rapidly expanding
* D. t Q, ^9 u) b0 |! I9 Xeconomy, Calgary and Edmonton led the charge of Canadian cities with the, W5 x8 k6 E f
largest house price appreciation in all housing types surveyed.
9 \% R8 x1 t* f- E6 i! P
2 o7 p# L$ n* X, h In Ottawa and Toronto, growth remained steady, supported by solid
6 v4 R7 ^1 ~- c* ~; k) G$ |5 @economic fundamentals, an increase in available inventory and strong consumer7 v) t [" Y; F4 ^2 Z! c! L9 s! F
confidence. While the pace of price appreciation in Ontario leveled off" E* ]& ^& E0 M7 c: X
slightly, the province's real estate market remains poised for modest growth.4 E' C* {0 V8 E# Q9 k: C3 D
In Atlantic Canada, new housing and condominium construction offered buyers
+ ?+ @7 p" w! A, Ogreater selection at more competitive prices, resulting in a slower rate of5 L7 @# O6 ]) v; ]: g( Y/ X8 A& ^
price appreciation when compared with 2005.
! n2 \! z6 s* _; a! W% D- V+ `! ]; t7 o- J8 d6 P
While the pace of growth in Canada has slowed, the domestic housing/ \2 B1 b. t) n5 J
market is expected to outperform the American market. The economic and2 _( ?7 H+ O8 [% v: N
financial fundamentals driving the residential real estate sector in Canada- S0 s2 y: D3 m n+ E
are markedly different than those found in the United States.
9 T" `# d+ V: V! f4 w M
. A4 }- H7 D7 `1 z! \ Added Soper: "Canada's housing market is likely to outperform the
3 \: ?" i8 b% P# B$ h6 G) NAmerican market through 2007. A number of factors are working in Canada's
* s1 L3 L; _7 R" D; xfavour, including healthy personal and governmental debt levels, the
4 S( T, B6 L5 V$ W9 q# Grelatively modest rise in interest rates in our country, and general
' m" P9 Y/ R. m. s0 baffordability in our major cities. In addition, Americans are now seeing the8 c" C- T D( H y
downside of a tax system that encourages maximum homeowner leverage, and
7 v' V+ r# O! g9 T! daggressive financial products such as zero- and negative-amortization( @( t8 N; k. o+ M" v
mortgages that work only in a high price growth environment."
8 @( _: l+ j' p! z' k4 ?3 |6 G" b$ c* r# ~ U0 L2 A
<<) ~1 m5 ?; ?0 @$ @7 p2 H6 C0 e* p; q
REGIONAL SUMMARIES5 R$ j. n5 R/ J
>>9 A; e4 K5 B; g
( h% s: x" Z2 o( a Balanced conditions continued to characterize the housing market in
& p F n4 b( g" j# o5 AHalifax, as significantly higher inventory levels helped to moderate the rate" V( O% T. P% L* L
of price appreciation. Buyers were increasingly choosy, taking more time
: P. {7 T/ L+ }" \5 Y, w: l3 Ulooking for newer, low-maintenance properties that were not in need of
H7 k+ A5 ~0 p& ~0 { \renovations.
3 W( y: J5 H ]( D6 O {3 ^' E% z6 @& g& R6 b5 f
The housing market in Moncton remained healthy and strong as a slight
2 H1 F, q! g5 ~# t5 ?increase in inventory helped to moderate the rate of price appreciation
* B4 r' r* [- X! Dcompared to the same period in 2005. Activity was brisk throughout August and
_) b D0 l6 V, v8 ?4 mSeptember and is expected to remain this way through the fourth quarter.
( _& B) y) s3 W1 f3 [$ P) ~
8 x: u: G: t' B W. @8 M The housing market in Saint John underwent its traditional summer
" l2 \; ^' w H! D q: Mslowdown in the third quarter, with activity picking up towards the end of the7 R. v, m5 W4 `$ ^# j v1 B
quarter. The local economy continued to thrive, as construction on a new
[! a' F. ?9 N3 ^8 c) G/ T600,000 square-foot shopping area has begun, bringing several new box stores
0 J" X% G9 ^" }6 `* ?: |4 H `to the area. Buyers have begun seeking less expensive fixtures for their homes* `" W$ U7 i( ~0 i" h
and are instead opting for more affordable housing options.
! k) }% y$ Q; K4 }
* b, x ^4 x2 u# O& a9 w In Charlottetown, the housing market started to move towards balanced
6 B, @. S. {% c3 U. Sconditions, as some sellers had to begin to lower the asking prices on their' Q( Z5 |) k/ d8 h# J
homes to make them more competitive. Activity from out-of-town and US buyers
/ u5 n! P% S- g- }* [' T. {* vwas down slightly compared to 2005, likely attributable to the strong Canadian) x8 M9 h' l) ?
dollar. Inventory levels began to creep up in the third quarter, providing+ {% u$ Y. w. b( y* q9 N; q2 U
buyers with more options when looking for a home.
$ _/ O8 `; O$ E6 e0 |, i2 L3 f8 U$ p$ _: o5 o
Activity in St. John's slowed slightly in the third quarter, particularly
6 j/ k. j: b2 d$ uamong higher-priced properties, where there was a slight over-supply of homes
& n2 h5 v1 u# r& z+ ]( o N1 Rpriced over $200,000. Listing periods have increased when compared with 2005,
% {8 b4 x- e* n& [4 `- ?as some of the pent-up demand that had characterized the market over the last, S5 k% W- N5 o1 Y8 m3 B7 @8 C
few years has been satisfied, resulting in more normal, balanced conditions.5 N! S3 \7 m5 p+ L4 \- j
! Z( \7 u. K! {: ]$ g+ i9 ^ Montreal's housing market recorded modest increases in average house
; _4 O/ \2 b" N+ L2 q* Vprices, due to a slight seasonal slowdown in the third quarter as inventory
4 W: o- I7 q% [* [3 Ylevels rose. Part of this can be attributed to the fact that many renting' O4 A6 r2 m0 |7 S
first-time buyers were motivated to close on the purchase of a home by July 1,- _1 ?, a* |# a, P! n# ]* k% A7 [/ A
when rental leases expire in Quebec. Once this date has passed some of the
# k# J' f9 g6 }" Z0 o( Hpressure is taken off the market, allowing buyers to visit more homes before% d% K2 L- W# i+ M" g
making a purchase.; B$ {, a8 M9 x. m
+ U' G$ C/ l3 q+ x( D6 D# e Ottawa held its position as one of the country's most stable housing, v+ e6 \7 D1 J I7 O4 n5 q
markets in the third quarter, reinforced by a vibrant local economy and strong9 p, E1 c0 x# n! E/ c3 ]
confidence, resulting in modest increases in average house prices. The city
5 O' C% G9 n/ l; Z; G* D2 Hcentre remained a bright spot in Ottawa, with homes in this area attracting5 E, i0 c) S a Z+ m N- h: c4 H
attention due to their convenient location and proximity to downtown
2 T& D. p3 Z& Z/ ^% ?9 p9 y' damenities.2 ^+ Y* v: k# i3 M. `8 c) a" f
7 M& ?( ]5 o: F8 Q0 ?/ {& M1 }
The housing market in Toronto sustained healthy activity levels% f# t* c) x% F* v3 t2 [" U4 t
throughout the third quarter, as a strong economy helped to maintain demand/ b( Y4 T; ]/ k* q
across the city, causing average house prices to rise moderately. Toronto has
) M- S. X0 C) v7 A* Bcontinued to experience modest growth in average house prices, and has been2 f/ W* d& v# j' n( z
driven primarily by purchasers who are buying homes as their principle$ ?! Z! H) u$ {! F- z, w. h
residence, rather than for investment.
8 W! t4 v6 U7 f2 W' N8 W7 m7 R, K0 ~4 ]! h) p- J! b: D
The vibrant Winnipeg housing market continued to show its strength as
6 y# b b$ Q; D0 z, ^6 Hhouse prices rose during the third quarter. The booming local economy resulted
; V5 Z+ s7 j9 Pin a historically low unemployment rate, helping to bolster consumer. b& M4 I J# M6 Q9 j
confidence and Winnipeg's ranking as the city with the lowest capitalization
9 F; U5 C! H1 Q0 j/ A! s5 mrate among the country's larger cities - helped to encourage buyers to enter/ u. A! F6 _' e% k3 X3 F* t
the market.2 A' [# E4 E7 C' s. n
: X# V' P5 {% f In Regina, the market experienced a slight seasonal slowdown through
0 Z2 Y. O( p2 J% o) Q/ @0 B }July, as there were fewer purchasers in the market due to summer vacations. In) S6 M1 p" `" \
August, activity resumed to the busy pace previously seen in the spring; l4 n E/ y1 B
months, as the influx of purchasers made it more difficult to find a home due
0 g: Y2 f1 `- ?! I* u; ^to the shortage of available inventory.
# n y# w# A; r% f* ~
- ]2 n2 [" b% l: o* C9 R Activity in Saskatoon remained brisk as the market maintained its
- R1 \3 o' |$ M; c; r1 Wmomentum from the busy spring sales period. The economy in Saskatoon remains
; @. G6 ^3 V6 o) U* O9 e. Wvibrant, as employment opportunities are abundant with many businesses) N+ C, K, L! c G0 g) t& W6 _9 l# g. C
struggling to make hires and having to recruit outside the province.; x$ A/ d8 I$ B! G) ?6 U8 U- w1 W
# L! U+ S$ Y F1 a
Calgary's housing market recorded blazing average house price increases! {* [* }" r. A& @" R
in the third quarter, in all surveyed categories. The burgeoning economy, low: j8 n1 b+ V/ J, q+ b" \ r
unemployment rates and low inventory levels remained the leading factors that" T7 q/ b+ \6 T; ?; S% f( y
pressured Calgary's house prices upwards. However, regardless of the soaring
s' x/ X4 p6 ]prices that characterized the market - even during the typically slower summer. a9 n9 {4 n# V, A" B
season - it is expected that activity will become slightly more balanced, as
7 J; s) T, n7 v) O. S7 Q$ Lbuyers are becoming more reluctant to participate in the frenetic activity.
( Y$ Y; U" _; x1 C2 x( o$ v# I! U5 g" q4 E- |. y0 Z H! G
Edmonton's booming local economy continued to thrive in the third quarter8 W3 b/ g: ]1 Y# Z1 x9 x
as activity in the oil sands north of the city continued to flourish. Edmonton- y& ` A# b" o) r) L# I
remained the hub of activity for those coming to work in the oil industry,; X `/ I! P6 V* a" ^( {7 |
maintaining tight inventory levels across the city, resulting in prices: [$ v; ?/ b; ]3 U+ b' S9 W! w9 G9 g" X
increasing at record levels. However, as inventory levels continued to improve
1 u& y; E, |5 I6 c% [7 N+ z6 n/ ein the third quarter the rate of price appreciation should moderate slightly y3 B1 p: L9 E5 Z6 e% N
towards the end of 2006. 8 z" J. s8 R8 n: Z/ i, R
- N( _% e! G( p& l4 ]8 h/ b1 C$ S
While Vancouver has seen a slight reprieve from the severe shortage of
1 }2 f* s* a: k U/ F( z' Dinventory that had previously characterized the market, supply is still unable( e3 ?8 A! N) d% ^' E
to meet demand, driving house prices upwards. Vancouver has a very diverse; ], s5 D; y% Z% h- @
group of active buyers - from first-time home buyers to baby-boomers to
& V' T) w) L0 B* E$ eforeign investors - all of whom fuel the demand for houses, placing added
; r# ?+ ]. k8 e% N) U/ Npressure on tight inventory levels.
' Y' E8 `: h9 U2 @- n1 f8 ^. X4 c0 ^' {$ M
Victoria's market is vibrant and supported by strong economic
. O2 m8 q7 `* [7 D: V0 B9 ?fundamentals, fuelled by a booming tech sector and a migration of young people
2 K5 Q3 s/ `5 I) [: V( Minto the city that has continued to support the area's house price increases;: O/ W) V/ k, M, w+ @8 t9 G
while increased inventory levels have afforded buyers more time when searching
3 G( g9 E0 Z7 W/ Qfor a home, helping to normalize the market's pace.
( [; w* X$ Y# K* i; o4 q/ I+ w) u. q4 C. E
<<
7 n( K w& l0 \$ J' z9 g% M8 L" ?( V Survey of Canadian Average House Prices in the Third Quarter 2006, \ A+ R8 W5 ^* [1 V
$ D6 S& k* }6 ]- e; l5 m" E* H -------------------------------------------------------------------------
* K' H; H& \8 A+ s9 P# F( l Detached Bungalows Standard Two Storey
|' Y: F6 u9 z -------------------------------------------------------------------------
7 i' P+ \7 k" n% S' x: s$ Z& [ P 2006 Q3 2005 Q3 Bungalow 2006 Q3 2005 Q39 Q# `: I; q, V! W9 g" E6 ^
Market Average Average % Change Average Average
I2 h7 j! Q/ p5 R- t -------------------------------------------------------------------------& e/ z" o( a& _; Q
Halifax 186,333 173,333 7.5% 198,667 199,000+ L0 w. _1 G* |( ]7 E
-------------------------------------------------------------------------
+ B& Q# V6 }% r Charlottetown 145,000 141,000 2.8% 175,000 170,000( g7 L$ v; A+ X" s V
-------------------------------------------------------------------------
( O/ g0 ?. q6 a5 y0 q Moncton 135,000 127,000 6.3% 129,000 123,000
5 k+ ^! @4 K& a- R' x& f) f -------------------------------------------------------------------------
9 H2 u7 |, E/ {! z! D& \9 v Saint John 141,200 142,900 -1.2% - -
+ Z2 e+ B" u3 Q( f" L -------------------------------------------------------------------------, ^' ^% X( i. ~+ g' P
St. John's 143,667 142,667 0.7% 200,667 202,3337 K. o( t; f# h- u' f
-------------------------------------------------------------------------
6 S5 K- \! O3 g. O" J5 b6 N4 z Atlantic 150,240 145,380 3.3% 175,833 173,583
$ r* P1 U3 [" O: M -------------------------------------------------------------------------
* T- i. I4 H+ I- O- n/ S Montreal 213,691 203,500 5.0% 321,141 316,1852 A7 _% S' G! h
-------------------------------------------------------------------------
+ `) F, |. \+ a8 ?0 E Ottawa 290,083 278,417 4.2% 285,667 273,250
0 A0 J5 g! ?1 v8 S. b8 B -------------------------------------------------------------------------
( _7 S- y+ Z6 \ Toronto 373,368 355,882 4.9% 481,523 474,766& [! n; |$ ~4 ?
-------------------------------------------------------------------------
A4 j. I+ V1 ]$ X# K4 y* I! k9 A( |2 c Winnipeg 181,579 159,860 13.6% 202,337 180,707
4 U. K6 k# L$ K5 X -------------------------------------------------------------------------
' ~+ B+ Z% z4 [7 n, g5 S6 X Saskatchewan 170,667 156,083 9.3% 182,600 166,500
/ ^- C% h; y9 W5 l -------------------------------------------------------------------------' r4 S& y* h3 B( u
Calgary 395,067 252,411 56.5% 405,778 264,389
{. i& o7 D2 g% I -------------------------------------------------------------------------/ _* @' z" S' b' A ?6 _6 e
Edmonton 286,857 194,857 47.2% 316,429 206,714
" O$ |6 C+ R& m' T2 A2 f0 Q -------------------------------------------------------------------------0 Y, X k" \1 m5 u. P5 }
Vancouver 704,250 601,000 17.2% 794,000 697,500# v* I+ T* x) J: \% v" J
-------------------------------------------------------------------------3 S$ T. g# S/ E5 t
Victoria 375,000 348,000 7.8% 403,000 391,000" i3 b# f$ `/ r. M
-------------------------------------------------------------------------! O' U4 ]- e( L$ x) ?
National 300,365 258,202 16.3% 365,380 322,860( ~0 Y1 X8 _0 y F2 w4 {
-------------------------------------------------------------------------7 o* o. j6 y$ ~5 J, i
, Z0 `" X+ ~$ d
-------------------------------------------------------------
3 h9 I4 W4 \9 S" C* L9 l& ^6 a Standard Condominium
& P7 p% f8 I, t) O, N- i5 L s) b# ` -------------------------------------------------------------& p: L$ @( v: x
2-Storey 2006 Q3 2005 Q3 Condo
8 L; S! V0 h: h8 f! u2 M6 Z9 w6 t Market % Change Average Average % Change
5 b! E w1 U1 X) k -------------------------------------------------------------8 O& Q- C* i! B5 ^/ c, [
Halifax -0.2% 142,000 103,000 37.9%/ m5 P, v2 x! d5 P( ^4 ~& J2 j
-------------------------------------------------------------. S* t+ q7 f O7 [
Charlottetown 2.9% 98,000 98,000 0.0%
% X K: M2 `% L6 U+ V -------------------------------------------------------------( u% d8 S6 s; ~
Moncton 4.9% - - N/A
, b3 P# @2 v r b: E6 l3 { [ -------------------------------------------------------------
$ g7 r) k W5 K+ y8 Q Saint John N/A - - N/A
/ @4 N7 C; g. a, O J- i: S -------------------------------------------------------------
/ [, R0 v* N5 q. ` St. John's -0.8% 146,333 145,667 0.5%' g# _( K1 R9 K8 f7 `
-------------------------------------------------------------
/ f1 P9 O4 a0 u D2 p$ C6 B! P Atlantic 1.3% 128,778 115,556 11.4%7 J- `- y# E! N$ S
-------------------------------------------------------------
$ j- f! n9 }& k# ~1 h# y Montreal 1.6% 193,190 188,016 2.8%$ C7 _* A! M- z" W
-------------------------------------------------------------
; H( a$ S1 g6 C/ U' }9 C Ottawa 4.5% 181,083 172,250 5.1%. t2 g4 N4 g4 R+ |
-------------------------------------------------------------) W: W2 y& w( s# |, A6 r
Toronto 1.4% 252,088 242,918 3.8%" c" f2 Q0 `& c8 r. v8 u, x
-------------------------------------------------------------: ^5 O. h, {6 ^8 p; E0 _% K& Z T
Winnipeg 12.0% 105,648 96,008 10.0%
) W$ E7 \! q! ~* d. {9 l+ c -------------------------------------------------------------
3 V+ m' K# s6 J y Saskatchewan 9.7% 106,250 101,000 5.2%$ A n# F% ?. q' s' e% R
-------------------------------------------------------------( j% T6 z% r. `* X6 `
Calgary 53.5% 245,844 153,867 59.8%
+ [! S' P# k- m( [+ G -------------------------------------------------------------
, Q, k1 y1 M! w( k; L- V9 ` Edmonton 53.1% 200,433 131,500 52.4%4 `7 A' s, d8 w1 j: [- K _
-------------------------------------------------------------
4 I/ g' Y; U) @: t- ?+ ? Vancouver 13.8% 366,250 323,250 13.3%
7 C) {8 g: e$ d9 C -------------------------------------------------------------' i* A/ f9 r# z4 P# a, x
Victoria 3.1% 229,000 220,000 4.1%
8 l- i% @7 m$ D% l -------------------------------------------------------------3 i/ e0 ~4 C4 W2 v; n. f
National 13.2% 211,562 185,296 14.2%
3 w1 x9 R0 c/ @0 K -------------------------------------------------------------/ O8 {) v% }4 n, F
>>
1 ^( I3 S& u* T) R2 a0 `5 B% M+ n7 a, b4 q) j
Average house prices are based on an average of all sub-markets examined: l* g+ t; H4 M' h
in the area, except for the smaller markets of Charlottetown, Moncton, Saint4 ?: s% b; C: M2 E0 ^3 q
John and Victoria.4 `0 A3 d0 H/ {& h' z) Z
& |3 ?( {4 V4 T2 m% n+ R! K The Royal LePage Survey of Canadian House Prices is the largest, most4 V, d# p. z5 I/ p3 R, n7 R9 G8 x
comprehensive study of its kind in Canada, with information on seven types of
, e/ x/ T k0 [# Uhousing in over 250 neighbourhoods from coast to coast. This release
& }& q: B" ]4 P* ]) kreferences an abbreviated version of the survey, which highlights house price
. I. y$ j, u2 c) ^5 Gtrends for the three most common types of housing in Canada in 80 communities
$ x& w. i ?) jacross the country. A complete database of past and present surveys is4 L- C/ E) e A: [, O
available on the Royal LePage Web site at www.royallepage.ca, and current
: ]& M: |+ p( e5 f6 r' bfigures will be updated following the end of the third quarter. A printable/ ~' k4 E, E- z d% i# a8 t
version of the third quarter 2006 survey will be available online on4 J' O* B& @8 @2 C3 E
November 15, 2006.1 _& x# q3 r4 _* ]1 y1 Q2 [" N' Y: N
Housing values in the Royal LePage Survey are Royal LePage opinions of/ e2 f a5 K2 f. Y2 p
fair market value in each location, based on local data and market knowledge
* K7 k9 Z: M2 Qprovided by Royal LePage residential real estate experts. Historical data is
3 ~# Q, e( U, G$ A$ o6 Y0 a1 Pavailable for some areas back to the early 1970s. |
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