Survey of Canadian Average House Prices in the First Quarter 2007
| Detached Bungalows | Standard Two Storey | Standard Condominium | ||||||
Market | Q1 2007 Average | Q1 2006 Average | Bungalow % Change | Q1 2007 Average | Q1 2006 Average | 2 Storey % Change | Q1 2007 Average | Q1 2006 Average | Condo % Change |
Halifax | 190,000 | 173,333 | 9.6% | 200,000 | 197,000 | 1.5% | 144,000 | 113,000 | 27.4% |
Charlottetown | 145,000 | 142,000 | 2.1% | 175,000 | 170,000 | 2.9% | 100,000 | 98,000 | 2.0% |
Moncton | 138,000 | 128,000 | 7.8% | 132,000 | 125,000 | 5.6% | - | - | N/A |
Fredericton | 156,000 | 156,000 | 0.0% | 187,000 | 191,000 | -2.1% | 131,000 | 130,000 | 0.8% |
Saint John | 161,700 | 142,500 | 13.5% | 210,400 | 188,700 | 11.5% | - | - | N/A |
St. John's | 145,000 | 143,667 | 0.9% | 200,000 | 203,333 | -1.6% | 148,333 | 146,333 | 1.4% |
Atlantic | 155,950 | 147,583 | 5.7% | 176,750 | 173,833 | 1.7% | 130,778 | 119,111 | 9.8% |
Montreal | 221,583 | 210,167 | 5.4% | 338,857 | 328,214 | 3.2% | 204,929 | 193,857 | 5.7% |
Ottawa | 298,083 | 281,333 | 6.0% | 294,667 | 277,500 | 6.2% | 187,333 | 175,333 | 6.8% |
Toronto | 387,744 | 366,979 | 5.7% | 489,889 | 467,742 | 4.7% | 269,210 | 251,150 | 7.2% |
Winnipeg | 191,375 | 171,109 | 11.8% | 220,714 | 196,264 | 12.5% | 109,250 | 97,559 | 12.0% |
Regina | 158,500 | 141,125 | 12.3% | 159,500 | 145,930 | 9.3% | 102,500 | 94,500 | 8.5% |
Saskatoon | 226,250 | 171,000 | 32.3% | 257,500 | 189,000 | 36.2% | 155,000 | 108,500 | 42.9% |
Calgary | 402,933 | 311,878 | 29.2% | 411,456 | 322,853 | 27.4% | 261,336 | 188,167 | 38.9% |
Edmonton | 350,000 | 225,500 | 55.2% | 384,750 | 249,167 | 54.4% | 261,600 | 151,999 | 72.1% |
Vancouver | 758,000 | 668,500 | 13.4% | 837,500 | 757,750 | 10.5% | 403,500 | 353,000 | 14.3% |
Victoria | 384,500 | 352,000 | 9.2% | 418,000 | 399,900 | 4.5% | 248,000 | 223,000 | 11.2% |
National | 316,993 | 275,850 | 14.9% | 378,148 | 338,228 | 11.8% | 230,146 | 197,954 | 16.3% |
Average house prices are based on an average of all sub-markets examined in the area, except for the smaller markets of Charlottetown, Moncton, Fredericton, Saint John and Victoria.
The Royal LePage Survey of Canadian House Prices is the largest, most comprehensive study of its kind in Canada, with information on seven types of housing in over 250 neighbourhoods from coast to coast. This release references an abbreviated version of the survey, which highlights house price trends for the three most common types of housing in Canada in 80 communities across the country. A complete database of past and present surveys is available on the Royal LePage Web site at www.royallepage.ca, and current figures will be updated following the end of the first quarter. A printable version of the first quarter 2007 survey will be available online on May 15, 2007.
Housing values in the Royal LePage Survey are Royal LePage opinions of fair market value in each location, based on local data and market knowledge provided by Royal LePage residential real estate experts. Historical data is available for some areas back to the early 1970s.
For more specific information on Prince George Real Estate visit www.DeanBirks.com and click on "PG in the News" tab.
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