 鲜花( 19)  鸡蛋( 0)
|
Average home price tops $300K in major markets 3 R( w- w0 z+ s: m% D' D( X
Last Updated Wed, 14 Jun 2006 14:05:59 EDT
; N4 N Z; T& W" W' q0 B ~CBC News </news/credit.html>
( @! n4 y+ v* Z3 a) d4 c- |0 \The average sale price of an existing home in 25 of Canada's major markets topped $300,000 in May for the first time ever, according to the latest figures from the Canadian Real Estate Association.
- b1 m$ d3 x) m) q: d' }7 f) Q+ G3 @
: Y/ X9 c7 N T% P3 U7 ?Home sales are rising faster than new listings
' i/ V& J9 U3 Z6 P; qMultiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.
! Y* P3 A* |7 l3 C9 _7 Q" W/ W3 z' S* a ?/ d+ g% Q8 i) J
It was the biggest yearly increase recorded in two years.
S! G0 o/ n+ E. U4 o g+ s. _8 TThe 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.
" [- F3 S" V+ L: [# x3 q, N/ f# H: L0 U9 n! s9 j1 |% ~1 s7 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 $358,214.
1 Q3 A, Z9 [2 D. T: t' Y( M8 R6 N4 W
"Recent price increases are resulting in a growing shortage of lower priced resale home listings in a number of markets," CREA chief economist Gregory Klump noted in a statement.
: `1 Y7 P+ {4 M4 j2 r4 I* v
* s- e: f9 G+ N"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales."
[; O' h" J0 e! u- ^& EOverall, sales in the country's major markets rose 4.4 per cent to a record 37,460 units in May. On a year-to-date basis, sales activity broke records in 12 cities across the country.
: R% V: v: H9 v2 I% }( e* c+ b! H" R0 S, g
Here is a sampling of average MLS home prices in May (with year-over-year changes in brackets):
% w3 t' I) f# F0 X- ]" f+ h3 M) B* C$ Z' m, f9 ~# h: _3 N1 e
Calgary: $358,214 (+43.6%) R: v x: _1 p0 X9 B2 p2 ?. \
Edmonton: $242,936 (+22.9%) ( b& @# a7 R- y# y+ W# K: _3 k
Halifax-Dartmouth: $210,225 (+7.6%) $ s, g7 z# E3 I5 |9 y
Montreal: $219,433 (+8.2%) ; ]3 N( V1 q/ }
Ottawa: $260,219 (+4.7%)
" p3 i! m6 z6 Q+ f$ fQuebec City: $150,324 (+6.9%)
. [% A+ N1 S+ m& D0 ?' y) w! GRegina: $142,147 (+10.3%) 1 n( k r3 `6 S3 U
Saint John, N.B.: $129,844 (+12.3%) + n! x' y/ q, g; m" S2 r
Saskatoon: $162,279 (+11.5%) , ]% i3 { I# H! M" a- |
Nfld. & Lab.: $133,541 (-1.2%) # [% P2 i+ a$ F$ ?, i
Thunder Bay, Ont.: $118,804 (-9.0%) 1 Z$ t/ J& M7 o/ ?( B3 Z
Toronto: $365,537 (+5.5%) ! D C* B/ [& y4 m/ D O
Vancouver: $518,176 (+23.7%)
! X5 d+ K0 X U, Y* CWinnipeg: $159,801 (+12.5%)
. s( ?3 z$ r0 T, Z/ ^Canada: $303,836 (+12.9%) |
|