Total New Housing Starts (Seasonable adjusted and annualized)
Province
July 2006
August 2006
September 2006
Newfoundland/Labrador
2,300
2,500
2,700
PEI
600
1,200
400
Nova Scotia
5,600
3,200
4,200
New Brunswick
4,300
4,000
4,700
Quebec
42,100
47,900
43,600
Ontario
79,400
66,900
64,200
Manitoba
4,300
4,900
3,900
Saskatchewan
4,500
3,200
4,100
Alberta
51,400
47,000
47,300
British Columbia
41,200
33,400
33,900
CANADA
235,700
214,200
209,000
Source: CMHC Housing Now – October 2006
Canadian Major Market Residential MLS® System Summary
Seasonally Adjusted September 2006
Seasonally Adjusted August 2006
Unadjusted Data September 2006
Unadjusted Data September 2005
Dollar Volume ($ millions)
8,006.8
8,106.3
7,590.7
7,609.1
Unit Sales
27,220
27,649
25,659
28,028
Average Price ($)
295,830
271,482
New Listings
48,945
47,275
52,638
49,795
Source: Canadian Real Estate Association
Average MLS resale price for local markets
City
September 2005
September 2006
Halifax
$188,046
$213,900
Quebec City
$140,349
$150,019
Montreal
$205,751
$219,645
Ottawa
$248,128
$255,631
Toronto
$338,267
$349,149
Hamilton/Burlington
$230,956
$248,787
Calgary
$253,944
$369,928
Edmonton
$190,654
$278,732
Vancouver
$451,111
$527,504
CANADA
$253,933
$277,470
Source: Canadian Real Estate Association
Housing Affordability Index
Detached Bungalows
Standard Two Storey
Standard Condominium
Market
2006 Q3 Average
2005 Q3 Average
Bungalow % Change
2006 Q3 Average
2005 Q3 Average
2 Storey % Change
2006 Q3 Average
2005 Q3 Average
Condo % Change
Halifax
186,333
173,333
7.5%
198,667
199,000
-0.2%
142,000
103,000
37.9%
Charlottetown
145,000
141,000
2.8%
175,000
170,000
2.9%
98,000
98,000
0.0%
Moncton
135,000
127,000
6.3%
129,000
123,000
4.9%
-
-
N/A
Saint John
141,200
142,900
-1.2%
-
-
N/A
-
-
N/A
St. John's
143,667
142,667
0.7%
200,667
202,333
-0.8%
146,333
145,667
0.5%
Atlantic
150,240
145,380
3.3%
175,833
173,583
1.3%
128,778
115,556
11.4%
Montreal
213,691
203,500
5.0%
321,141
316,185
1.6%
193,190
188,016
2.8%
Ottawa
290,083
278,417
4.2%
285,667
273,250
4.5%
181,083
172,250
5.1%
Toronto
373,368
355,882
4.9%
481,523
474,766
1.4%
252,088
242,918
3.8%
Winnipeg
181,579
159,860
13.6%
202,337
180,707
12.0%
105,648
96,008
10.0%
Saskatchewan
170,667
156,083
9.3%
182,600
166,500
9.7%
106,250
101,000
5.2%
Calgary
395,067
252,411
56.5%
405,778
264,389
53.5%
245,844
153,867
59.8%
Edmonton
286,857
194,857
47.2%
316,429
206,714
53.1%
200,433
131,500
52.4%
Vancouver
704.250
601,000
17.2%
794,000
697,500
13.8%
366,250
323,250
13.3%
Victoria
375,000
348,000
7.8%
403,000
391,000
3.1%
229,000
220,000
4.1%
National
300,365
258,202
16.3%
365,380
322,860
13.2%
211,562
185,296
14.2%
Average house prices are based on an average of all sub-markets examined in the area, except for the smaller markets of Charlottetown, Moncton, Saint John and Victoria. Source: Royal LePage Survey of Average House Prices — Quarterly Review (As with first and second quarters, Calgary lead the country in having the largest percentage increases year over year.)