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Average home price tops $300K in major markets
; t/ n9 T! L. JLast Updated Wed, 14 Jun 2006 14:05:59 EDT , w) P7 a/ G* \( G6 t6 j; _: F
CBC News </news/credit.html> 3 y2 b/ r" j4 L* q" }# @! z
The average sale price of an existing home in 25 of Canada's major markets topped $300,000 in May for the first time ever, according to the latest figures from the Canadian Real Estate Association.
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/ ?% F4 e( P& t3 J6 wHome sales are rising faster than new listings 5 j% V7 A: j' H+ f4 p$ \2 r
Multiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.: o9 }( p% n2 ?5 {4 K. r+ H: `
$ X6 J# i% ]3 {. T$ O. C: HIt was the biggest yearly increase recorded in two years. ! e) m- {% ^# G$ @6 a% E
The Greater Vancouver area continued to have the most expensive housing in the country. There, the average home resale was $518,176 in May, up 23.7 per cent from the same month a year ago.
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5 x' g$ T0 q1 `/ S. wRed-hot Calgary experienced the highest year-over-year increase, with the average price for an existing home climbing 43.6 per cent to $358,214.
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3 b+ @+ S! {. k"Recent price increases are resulting in a growing shortage of lower priced resale home listings in a number of markets," CREA chief economist Gregory Klump noted in a statement.% [' ^2 z6 [. |
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"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales."
/ V3 A$ P. {0 @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.# t4 @2 F1 t1 d7 E- A
* p3 m1 j* u! k& w) V. ^. s- sHere is a sampling of average MLS home prices in May (with year-over-year changes in brackets): $ x {* [: E3 p, k6 u4 X
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Calgary: $358,214 (+43.6%) / Q' E, G" u% @& V! Z3 e" `
Edmonton: $242,936 (+22.9%)
1 G$ u$ Z- e7 i8 }Halifax-Dartmouth: $210,225 (+7.6%)
6 Z6 M$ Z6 M( X- fMontreal: $219,433 (+8.2%) * N L* U5 w( I% O3 C0 c
Ottawa: $260,219 (+4.7%) 3 I9 r1 Z( H. ^7 i) Y$ H8 J' w4 i( l
Quebec City: $150,324 (+6.9%) / l: F0 x1 b1 a; R
Regina: $142,147 (+10.3%)
6 c$ O. a8 x6 u; h; X# WSaint John, N.B.: $129,844 (+12.3%)
O7 D/ d* L7 C% [" B, cSaskatoon: $162,279 (+11.5%) 8 j. X+ O4 Q+ c5 \! o
Nfld. & Lab.: $133,541 (-1.2%) $ N- C4 ~( ^5 f
Thunder Bay, Ont.: $118,804 (-9.0%)
; w/ h* _( S R7 W* KToronto: $365,537 (+5.5%) 4 x) X# z7 `' e
Vancouver: $518,176 (+23.7%)
6 r2 @0 x) D) {: AWinnipeg: $159,801 (+12.5%)
0 ~, _4 w5 L* |4 n1 p- GCanada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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