 鲜花( 7)  鸡蛋( 0)
|
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.
8 i* L5 ?4 Q3 g* A3 q: g3 {
) x2 V2 |$ T6 v3 A& JThe average sale price of a home last month was $281,133, a 9.9% decline from a year ago. It's the fifth straight month that prices have fallen in the country's major markets on a year over year basis, and each month the percentage decline has increased." C" U' G; Q* X( o6 N2 t
; y0 K+ P! @) o3 Y! ^7 CSales also continue to decline across the country. In major markets, sales in October were down 15.1% from September. The 32,046 sales in October for the entire country were the lowest monthly level since July, 2002.
, Z$ u. C" d$ H1 m- Y- {6 T$ R& S
$ l5 |& A" p: _# `"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."% v, h# I& e3 d) Y4 T9 h
4 ]1 F0 {# b; X9 S7 W5 z$ a$ ?" hCREA 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.
) |" m& k1 d8 y. b& L6 [- a: X ^* [2 r4 x+ a2 z+ v
"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.
. ]) C6 k/ p2 H0 l- D" E( l' l
5 G/ m& d/ p3 A4 H! o& NHe 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.1 W6 b3 }0 Q" ~+ A
5 H9 P: W$ I t7 B' i5 k N0 b+ LThe market is expected to get some relief from the fact that new listings are expected to decline, Mr. Klump says.
' a& \8 w( F. i0 v" f7 o3 G( o" }3 [# s3 f
CREA 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.
* Y8 L3 f. V% O4 o8 q
- t6 O. W$ s) ]( C- F# R$ H* H% JThe 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. |
|
狗仔卡
发表于 2008-11-14 11:16
提升卡
置顶卡
沉默卡
喧嚣卡
变色卡
显身卡
发表于 2008-11-14 17:05
