 鲜花( 19)  鸡蛋( 0)
|
Average home price tops $300K in major markets $ I; ^7 Z6 S$ i9 T1 Y6 ~: i
Last Updated Wed, 14 Jun 2006 14:05:59 EDT ' ~( B- i3 I Q: _. t; {
CBC News </news/credit.html>
2 x7 [" O0 [9 B6 a; x JThe 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.
6 i9 c! j4 e& n8 w y! {: L4 [" P3 {5 h+ M
6 U. r7 L+ | I4 I5 uHome sales are rising faster than new listings
* I! L# G) b" w l# jMultiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.1 y6 V# s" T7 R
/ F, [, a7 }4 L! b" X4 W
It was the biggest yearly increase recorded in two years.
. X% a7 S& I2 W! }1 X! e; n9 Q3 {The Greater Vancouver area continued to have the most expensive housing in the country. There, the average home resale was $518,176 in May, up 23.7 per cent from the same month a year ago.
( D- R% N8 j* ~! M j: L' b1 r' k/ {$ ~
Red-hot Calgary experienced the highest year-over-year increase, with the average price for an existing home climbing 43.6 per cent to $358,214.
- ~" t9 T; {5 x# ]: B |) C# A H$ ~" Q1 E; X. 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 y* O) h6 [0 ~2 j2 q5 ]: T+ X( ^: w- Q2 P# a: z& b6 W
"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales." 0 |' D, O/ {3 A7 L! P
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.: A5 ^) ~+ j8 Q
& o4 e( H2 k$ ?% \Here is a sampling of average MLS home prices in May (with year-over-year changes in brackets):
4 M# J, b( h* f" y) F: }; J. { l+ f- R8 T5 R# L- m8 ~' R
Calgary: $358,214 (+43.6%)
$ U- Y' H* D( [! i$ J- lEdmonton: $242,936 (+22.9%)
" l4 F+ U7 @6 T3 s9 f- w3 hHalifax-Dartmouth: $210,225 (+7.6%) 4 B9 `# U9 I) z( u
Montreal: $219,433 (+8.2%)
D0 \8 p5 M. j l' i; ?Ottawa: $260,219 (+4.7%) & n7 s: d- ]4 y& D; \0 a+ i
Quebec City: $150,324 (+6.9%)
) o! q5 k3 X9 x G( t" M RRegina: $142,147 (+10.3%) ( X% _7 s0 B2 P0 @; e
Saint John, N.B.: $129,844 (+12.3%) ! |/ B7 Y- C" j8 ~; a5 G* X. x( S N
Saskatoon: $162,279 (+11.5%)
0 n" i5 X! S) z- \Nfld. & Lab.: $133,541 (-1.2%)
. K+ ~! J% F6 U; H$ ^Thunder Bay, Ont.: $118,804 (-9.0%)
) x: i2 N* k7 qToronto: $365,537 (+5.5%)
8 _, D% e: W/ E- H* E Y! hVancouver: $518,176 (+23.7%) 9 k. ?/ `. L, R/ ?2 I) O
Winnipeg: $159,801 (+12.5%)
9 K# u A- ^ L8 @) u% rCanada: $303,836 (+12.9%) |
|