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Average home price tops $300K in major markets
) u H3 V) p. T+ ~5 d" ELast Updated Wed, 14 Jun 2006 14:05:59 EDT
; r7 Z- t! j2 Z0 LCBC News </news/credit.html> 3 C+ P3 R [7 l) C' X
The average sale price of an existing home in 25 of Canada's major markets topped $300,000 in May for the first time ever, according to the latest figures from the Canadian Real Estate Association.
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" d' K. X& v% N2 ^: j7 QHome sales are rising faster than new listings
3 s; N* n3 |$ H4 s, OMultiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.
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' h& q$ B( U e% jIt was the biggest yearly increase recorded in two years.
; K* ]! q( M3 j# bThe 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.
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6 l9 p. V1 H# s j( L G+ `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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( i8 C3 z+ x/ ?, ~, z/ n"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.6 n, S* o) k. N9 e" k
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"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales."
7 J# d( N. S5 J# |& w5 |1 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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6 H5 S9 \( C: S2 |Here is a sampling of average MLS home prices in May (with year-over-year changes in brackets): 9 x$ o. \1 {8 b* Z5 Q k
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Calgary: $358,214 (+43.6%)
1 @# p! g* d$ q. q+ p) F- tEdmonton: $242,936 (+22.9%)
- F' a+ a9 `* UHalifax-Dartmouth: $210,225 (+7.6%)
7 _ l o# v3 |! e+ L4 e! o% ?$ VMontreal: $219,433 (+8.2%)
1 q2 V, W' l( j5 F9 Q/ nOttawa: $260,219 (+4.7%) ' R) _* z- c+ _3 v1 \0 e& \
Quebec City: $150,324 (+6.9%)
1 M8 o2 i! V4 z! FRegina: $142,147 (+10.3%)
) Z7 G# \; J$ T; Y8 C. s2 B+ xSaint John, N.B.: $129,844 (+12.3%) 3 ]! D. Q/ b4 x/ ^8 \
Saskatoon: $162,279 (+11.5%) 9 i' C1 Z2 Z. A+ w. L1 ?
Nfld. & Lab.: $133,541 (-1.2%)
( z" H0 @0 y* q2 ]$ i% R2 i2 YThunder Bay, Ont.: $118,804 (-9.0%)
' R# A9 }9 Z( B1 lToronto: $365,537 (+5.5%)
2 ]3 D) ^ M: X# t$ I1 fVancouver: $518,176 (+23.7%) - W. ?/ x( X6 C/ ]& }
Winnipeg: $159,801 (+12.5%)
4 u; e0 e0 }2 N9 T) E; GCanada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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