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Average home price tops $300K in major markets
# D1 \4 h" w$ E( t+ XLast Updated Wed, 14 Jun 2006 14:05:59 EDT
' \1 V4 q1 F' |% g, Y# _3 UCBC News </news/credit.html> 8 R% {6 j) p* r- n9 `
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.+ D/ c" W |' f6 r( r6 y. Z G% V2 K
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Home sales are rising faster than new listings
1 N) D. k7 X/ I2 i' F% o. eMultiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.
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It was the biggest yearly increase recorded in two years.
0 D% }) s4 y3 C7 S" vThe 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." C! t* B+ X& d+ n; M6 E, V( ?( `
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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 $358,214.
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; Z/ c/ Q7 N, w"Recent price increases are resulting in a growing shortage of lower priced resale home listings in a number of markets," CREA chief economist Gregory Klump noted in a statement.
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) n1 v, G! V: ^& G"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales."
+ D$ a! I8 M: l8 wOverall, 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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* f: g% ], b) l) HHere 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%) ( M% P! U6 s" X. Q4 W
Edmonton: $242,936 (+22.9%)
3 ^- t# j; i/ w/ C3 tHalifax-Dartmouth: $210,225 (+7.6%) ' d2 J" u% m# V- p9 {/ m. e; \
Montreal: $219,433 (+8.2%)
$ W* S0 B1 s$ R E' J, n6 MOttawa: $260,219 (+4.7%)
L; S$ Q% d% `, ]) JQuebec City: $150,324 (+6.9%)
0 ~6 K# C- g9 i& u- eRegina: $142,147 (+10.3%) 4 x2 l7 W- D( y/ m9 [5 i2 P
Saint John, N.B.: $129,844 (+12.3%)
( P3 \" k9 W2 M' ]Saskatoon: $162,279 (+11.5%)
. t& _* o# R2 K, [6 pNfld. & Lab.: $133,541 (-1.2%) 9 |1 X) k9 q4 R& k' e+ c
Thunder Bay, Ont.: $118,804 (-9.0%) + S6 ?) i$ S6 Y$ F& L4 S8 j
Toronto: $365,537 (+5.5%) & m) m6 _" e' V8 A5 j) \5 S
Vancouver: $518,176 (+23.7%)
) _7 g3 k: ~6 b0 d# M7 M, c7 zWinnipeg: $159,801 (+12.5%) / R+ t+ `3 f8 o
Canada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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