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Average home price tops $300K in major markets
# y' k/ ^6 i; I( C9 X* ILast Updated Wed, 14 Jun 2006 14:05:59 EDT
" U" |1 T! b/ Q2 i$ W- Y# oCBC News </news/credit.html>
, c& \% r+ y% K, aThe 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.
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- N2 v+ a* u' ]( _Home sales are rising faster than new listings
5 L P* O, E( C2 `( C6 M- W9 U/ XMultiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.1 C( e* b3 a2 F6 N3 Z& \
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It was the biggest yearly increase recorded in two years. " V8 c, E$ L% A" Y" ?# M, U
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.6 B& g( P) T# T0 H" S
& z' S1 p0 E2 w7 U" XRed-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.
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"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.
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2 ]4 B- e" P3 {9 f! D"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales."
! W6 C( E1 b- d( 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.
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Here is a sampling of average MLS home prices in May (with year-over-year changes in brackets):
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) w4 n1 K0 C" S+ k( \4 K. {9 \Calgary: $358,214 (+43.6%)
, R( _. }( b, JEdmonton: $242,936 (+22.9%) 4 M- r, ^' z1 B! G5 Y
Halifax-Dartmouth: $210,225 (+7.6%)
, F2 j c0 P4 D& D7 vMontreal: $219,433 (+8.2%)
- d8 N' K. j7 A. X& J% COttawa: $260,219 (+4.7%)
! R- f4 [' E" YQuebec City: $150,324 (+6.9%) ) I0 ], P9 K4 K' Z5 g( C) a9 |
Regina: $142,147 (+10.3%)
2 i, n- p: O* @Saint John, N.B.: $129,844 (+12.3%) 0 i& u* C& ]" Q# o6 H
Saskatoon: $162,279 (+11.5%) 1 j2 H, Q5 R/ Z% i
Nfld. & Lab.: $133,541 (-1.2%) 1 E0 J$ x" }( L. ?8 c* D1 H
Thunder Bay, Ont.: $118,804 (-9.0%) * s- @! ? S! E8 L) k
Toronto: $365,537 (+5.5%)
5 c& h l4 r1 N5 z6 SVancouver: $518,176 (+23.7%)
& w; Y; r2 X, B8 ?Winnipeg: $159,801 (+12.5%) 5 U2 J( o1 c( B
Canada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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