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Average home price tops $300K in major markets
8 {) _9 U& S- b( a u+ w7 e8 ~Last Updated Wed, 14 Jun 2006 14:05:59 EDT
4 F0 c. y$ k: I- A& V- x- }2 i$ bCBC News </news/credit.html>
4 \( W# d2 `: ~9 z7 OThe 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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Home sales are rising faster than new listings
7 B0 c2 ]1 i8 P( v8 uMultiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.
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It was the biggest yearly increase recorded in two years. ( V0 k" U0 x0 r' d8 a# A- o
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.% e( a" U; F) P( z# l1 g
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Red-hot Calgary experienced the highest year-over-year increase, with the average price for an existing home climbing 43.6 per cent to $358,214.' C! ~% H* \; P) ]' g0 [5 T% p
7 p7 o, D. A# [0 O& f: ^# n"Recent price increases are resulting in a growing shortage of lower priced resale home listings in a number of markets," CREA chief economist Gregory Klump noted in a statement.. k) D) C" J) E" Z9 f7 i8 Q# @, W
& v3 v- f! C0 D9 q3 h"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales." , b$ x1 \+ D$ t3 c" Z; h
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.
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; q# l: M4 s7 H% ~- N' ?( aHere is a sampling of average MLS home prices in May (with year-over-year changes in brackets):
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; _' s1 P: Z& W1 o/ GCalgary: $358,214 (+43.6%) % N; o6 s! s$ S3 j
Edmonton: $242,936 (+22.9%)
" n' b4 J6 E( w" u0 WHalifax-Dartmouth: $210,225 (+7.6%)
4 a, j, {/ w1 uMontreal: $219,433 (+8.2%)
2 o8 b9 r+ ^9 i" D2 jOttawa: $260,219 (+4.7%) 6 u8 ^! h4 R- ~ N
Quebec City: $150,324 (+6.9%)
1 M- V8 u5 U; @; u# sRegina: $142,147 (+10.3%)
c& p0 Q+ x OSaint John, N.B.: $129,844 (+12.3%) . L) I, |+ S- p5 ? J5 H+ p
Saskatoon: $162,279 (+11.5%)
. Z# m, T7 b& Q" j- `Nfld. & Lab.: $133,541 (-1.2%)
$ _8 B5 Q% ? r, N" PThunder Bay, Ont.: $118,804 (-9.0%) 8 o9 t6 B- _2 f! @ j* M0 f" A
Toronto: $365,537 (+5.5%)
5 s* k) G. V" JVancouver: $518,176 (+23.7%) 5 V# n# s6 X) W7 Z) `
Winnipeg: $159,801 (+12.5%) ! q1 z2 W7 m* w/ s
Canada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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