 鲜花( 19)  鸡蛋( 0)
|
Average home price tops $300K in major markets
7 O& E8 F! v) B2 D: J- |Last Updated Wed, 14 Jun 2006 14:05:59 EDT 7 n8 U! @+ O8 |; n
CBC News </news/credit.html>
7 p2 t. T* M c' @# ?0 N: qThe average sale price of an existing home in 25 of Canada's major markets topped $300,000 in May for the first time ever, according to the latest figures from the Canadian Real Estate Association.) I0 X s" _3 O6 E, j C( q8 L; W# {
5 q' V, m% X' @$ z3 u
i) P' S* J$ e7 Q$ z% G" p2 j9 GHome sales are rising faster than new listings 9 W/ Z* G/ L( H: `
Multiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.% D( a' O) I# E; s( ~
8 A1 [) h* e+ n6 x$ I0 k
It was the biggest yearly increase recorded in two years.
1 u$ ~; F4 ^2 b# G9 zThe 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.
; \" e( r% Q9 M( _7 F0 c# j
: @# k! K" N" j6 Y- Y' E' Q7 hRed-hot Calgary experienced the highest year-over-year increase, with the average price for an existing home climbing 43.6 per cent to $358,214.
# ^" E/ z4 l. a/ a. ?% C& g- |9 R, T
"Recent price increases are resulting in a growing shortage of lower priced resale home listings in a number of markets," CREA chief economist Gregory Klump noted in a statement.
, T8 E ~7 y3 h, i5 v2 r: I9 h5 V. g* O2 t3 Y' s5 |8 ?
"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales."
5 ^$ D' d+ `+ f; W. U2 G6 JOverall, 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.
+ @) R0 R' u" \' }/ k2 t! W7 {$ D( r$ ^ {! R: X
Here is a sampling of average MLS home prices in May (with year-over-year changes in brackets): 0 d3 y D2 p5 P
/ ` _& ~- T3 {Calgary: $358,214 (+43.6%)
! _) M; k5 H0 g- X. ^8 vEdmonton: $242,936 (+22.9%) * M' T2 w7 {6 P0 J4 E: \1 u
Halifax-Dartmouth: $210,225 (+7.6%) - c- k7 R) F5 _ @6 v' L( V. p4 Q
Montreal: $219,433 (+8.2%)
# X* F% w& l, T( B% G, L4 m9 _Ottawa: $260,219 (+4.7%)
1 N/ R( N; F2 T9 mQuebec City: $150,324 (+6.9%)
3 B6 T5 ~9 y& QRegina: $142,147 (+10.3%)
) l ~. R( D: V+ a6 Z8 J* o1 OSaint John, N.B.: $129,844 (+12.3%) + M7 F, i# C: F" S# ?
Saskatoon: $162,279 (+11.5%) 9 ~6 s( g0 u) s8 K7 J; F
Nfld. & Lab.: $133,541 (-1.2%)
8 T, B/ m6 R9 w# q# n" kThunder Bay, Ont.: $118,804 (-9.0%)
$ u* Y$ L/ `' l- d0 T* M, QToronto: $365,537 (+5.5%) 6 F, t/ h1 ]* P. U
Vancouver: $518,176 (+23.7%)
! N- e6 {$ d, G/ t- E0 P5 |Winnipeg: $159,801 (+12.5%)
" n. S& @$ p8 o& N tCanada: $303,836 (+12.9%) |
|