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Canadian home sales slide 15% in October

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发表于 2008-11-14 11:16 | 显示全部楼层 |阅读模式
老杨团队,追求完美;客户至上,服务到位!
A slowdown in some of the country's most expensive cities for housing continues to drag down the average sale price of a home in Canada, the Canadian Real Estate Association said.
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The average sale price of a home last month was $281,133, a 9.9% decline from a year ago. It's the fifth straight month that prices have fallen in the country's major markets on a year over year basis, and each month the percentage decline has increased.
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Sales also continue to decline across the country. In major markets, sales in October were down 15.1% from September. The 32,046 sales in October for the entire country were the lowest monthly level since July, 2002.
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"The breadth and depth of the drop in MLS activity suggests a major downshift in consumers psychology," said Gregory Klump, chief economist CREA. "That has moved many homebuyers to the sidelines until economic news begins to improve."6 f9 d' D8 x( q2 ^+ U) Q! `

: C* G9 E- H, \0 V) mCREA said activity was down in 75% of the Canadian markets it surveys, including the five most active, Toronto, Montreal, Vancouver, Calgary and Edmonton. Toronto accounted for one third of the decline in the national sales figure.
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( U+ t0 N8 J. Z# k"Many homebuyers across Canada battened down the hatches in October as they were concerned with dire headlines about stock market volatility and a global economic downturn," said Mr. Klump.9 d" ?8 }" M, T; F/ \! T
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He said the government's tougher restrictions on home buying played into the decline. New rules that came into effect last month have forced consumers to have at least 5% down on any home purchase. Mortgages can also be amortized over 35 years, down from 40 years, making for a larger monthly payment.# P. f1 z: A. j( v, w

$ ^* o9 P9 \5 j! a5 NThe market is expected to get some relief from the fact that new listings are expected to decline, Mr. Klump says.3 t2 W. G! q" f4 I0 O

! u' P6 a" s1 l9 ?9 s/ r: TCREA president Calvin Lindberg said consumer confidence has not been this low since the mid-1990s. "The major drop in consumer and a steady stream of economic bad news from the financial markets is taking its toll on the national housing market," he said.
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# v* d- n8 O. e; v; @8 F& mThe association pointed out a decline in housing is bad news for the overall economy, saying spin off spending from MLS transaction is about $15.3-billion per year when you include moving and renovation costs and the purchase of new furniture and appliances.
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发表于 2008-11-14 11:20 | 显示全部楼层
好题如顶顶
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发表于 2008-11-14 12:02 | 显示全部楼层
地产协会这回是认衰了。9月份的时候嘴还很硬啊。
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发表于 2008-11-14 12:03 | 显示全部楼层
老杨团队 追求完美
原帖由 CO2 于 2008-11-14 12:02 发表 % ^1 p- ]  k3 Z4 f9 y2 F
地产协会这回是认衰了。9月份的时候嘴还很硬啊。

: v* y1 ]- Y9 p嘴硬没用
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发表于 2008-11-14 17:05 | 显示全部楼层
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