 鲜花( 19)  鸡蛋( 0)
|
Average home price tops $300K in major markets + X3 |& k+ Y" s/ F% i
Last Updated Wed, 14 Jun 2006 14:05:59 EDT , e% P# D% O K* \, k: q& a
CBC News </news/credit.html>
6 O. r9 ^5 }1 R1 j" rThe average sale price of an existing home in 25 of Canada's major markets topped $300,000 in May for the first time ever, according to the latest figures from the Canadian Real Estate Association.+ k, n/ }) l. z. t7 a( `: u ?
1 ~( ~. S3 ` U% M) B c! v& j- u
( h6 \1 W6 N) W! v" ?) K$ Y/ o4 h0 nHome sales are rising faster than new listings
. ~! y6 Q+ l; B% R9 A0 m1 @Multiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.
& {( d* I/ S! P9 U p3 x/ n* j. M$ a% x& [. j" ?" I5 S
It was the biggest yearly increase recorded in two years. . o4 a- I7 ?! T( v, _; W
The 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.
- E4 S# Q3 P# J* L
/ c9 M0 X. b# m, \# h" @Red-hot Calgary experienced the highest year-over-year increase, with the average price for an existing home climbing 43.6 per cent to $358,214.
k0 u# ^0 l5 g2 V2 I/ p" i: W$ a; w/ X2 @) ]6 v
"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.
5 R# ]/ [+ ^3 w2 v
# q5 @# w( J& O: H2 p- T"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales."
0 }0 X/ a j: v! B4 tOverall, 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.
0 O9 j3 n; P: @; q+ ]4 I* R7 A4 y! f
Here is a sampling of average MLS home prices in May (with year-over-year changes in brackets):
- X$ M% B1 c4 |$ |% \% }% U6 V: {0 o+ ~
Calgary: $358,214 (+43.6%) : l2 _4 w* m9 `+ {7 D
Edmonton: $242,936 (+22.9%)
9 T8 J; Z* V. U* THalifax-Dartmouth: $210,225 (+7.6%)
5 f# b& k8 R% s7 \Montreal: $219,433 (+8.2%) * }5 ~( k0 M, g7 P0 }
Ottawa: $260,219 (+4.7%)
% w6 n* ~( s# Z! v0 [$ c9 P( rQuebec City: $150,324 (+6.9%) ' j+ R( Q. u- N$ j
Regina: $142,147 (+10.3%)
/ R! t7 [6 L/ f5 j; BSaint John, N.B.: $129,844 (+12.3%) & e ]: \9 x# ~( E; L* B( d+ [
Saskatoon: $162,279 (+11.5%) - j1 t! X( g2 P3 M% w6 t
Nfld. & Lab.: $133,541 (-1.2%) * |2 u, r0 P7 J% @
Thunder Bay, Ont.: $118,804 (-9.0%) / j5 ^7 o3 @9 R1 i1 L$ f
Toronto: $365,537 (+5.5%)
4 e4 F4 b4 ]. D7 ^& }7 sVancouver: $518,176 (+23.7%)
?5 h, h, B. oWinnipeg: $159,801 (+12.5%) 0 ^+ S7 \& e, l
Canada: $303,836 (+12.9%) |
|