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Average home price tops $300K in major markets
% y2 a9 r8 F( T8 ^+ y/ u# XLast Updated Wed, 14 Jun 2006 14:05:59 EDT 6 a6 X5 `8 S0 l/ X4 G) P: h t
CBC News </news/credit.html> , F5 q# g0 y9 P# V& B5 Z8 m3 L
The average sale price of an existing home in 25 of Canada's major markets topped $300,000 in May for the first time ever, according to the latest figures from the Canadian Real Estate Association.4 c- d8 L) @3 ]2 s. ]9 G
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Home sales are rising faster than new listings
Q" x9 i; J/ `' P( wMultiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.9 Z6 s8 y( C' H; }
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It was the biggest yearly increase recorded in two years.
* s, B/ o3 v5 T, J( XThe Greater Vancouver area continued to have the most expensive housing in the country. There, the average home resale was $518,176 in May, up 23.7 per cent from the same month a year ago.- k3 |) x7 W# |) x9 ?
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Red-hot Calgary experienced the highest year-over-year increase, with the average price for an existing home climbing 43.6 per cent to $358,214.
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"Recent price increases are resulting in a growing shortage of lower priced resale home listings in a number of markets," CREA chief economist Gregory Klump noted in a statement.
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e" T" s3 Y+ @' Y"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales." - i! T# D( I5 q. l
Overall, sales in the country's major markets rose 4.4 per cent to a record 37,460 units in May. On a year-to-date basis, sales activity broke records in 12 cities across the country.
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Here is a sampling of average MLS home prices in May (with year-over-year changes in brackets):
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Calgary: $358,214 (+43.6%) ( y/ p3 c, k2 z! y. }
Edmonton: $242,936 (+22.9%)
, a* l* o! u! ^: e$ KHalifax-Dartmouth: $210,225 (+7.6%)
0 K5 T0 m2 g& o- u) x" {Montreal: $219,433 (+8.2%) * I2 ^- ]: d# u" W4 S! v
Ottawa: $260,219 (+4.7%) 0 |1 r$ @( Q) p! G) T
Quebec City: $150,324 (+6.9%) % h4 U- X3 [8 [
Regina: $142,147 (+10.3%) 1 R( D8 C, x& l
Saint John, N.B.: $129,844 (+12.3%)
5 w4 x [7 |5 ?# ^1 KSaskatoon: $162,279 (+11.5%)
2 F' Z8 A/ P6 F. uNfld. & Lab.: $133,541 (-1.2%) 0 s+ R) a/ V( h% {- b, ?" ~8 G
Thunder Bay, Ont.: $118,804 (-9.0%)
/ t: i3 n; u% n/ S6 k% t. _" x$ WToronto: $365,537 (+5.5%)
/ t% c9 Z0 A* [9 B+ \* f( ^Vancouver: $518,176 (+23.7%) / P4 | h0 b4 i" }1 @
Winnipeg: $159,801 (+12.5%)
0 g) s* s3 o8 i; Y8 c7 Q/ C! uCanada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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