 鲜花( 19)  鸡蛋( 0)
|
Average home price tops $300K in major markets
, r: ]! b2 \1 _! F( D# lLast Updated Wed, 14 Jun 2006 14:05:59 EDT # ], h5 s" W0 f7 x$ o4 I% j A
CBC News </news/credit.html>
) a4 i. `2 B; Q! X1 k1 o* X3 uThe 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 \& \( @1 ~& ~" L c _
7 K+ P% k/ G6 V2 B; a$ t t1 A/ }0 k & f" ~, E& K, U
Home sales are rising faster than new listings
9 U$ D6 B( s+ Y, VMultiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.
. m' I3 v9 G- d, `% [% M% L7 x7 `
It was the biggest yearly increase recorded in two years.
f" T% E, }* j5 WThe 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! m5 \: `, l+ {8 O4 e4 X) k8 K- `3 D" v u- A
Red-hot Calgary experienced the highest year-over-year increase, with the average price for an existing home climbing 43.6 per cent to $358,214.
2 x; S; ]" S! ~" S5 E7 V4 ~+ h# I L2 \& _8 [2 T* Q d
"Recent price increases are resulting in a growing shortage of lower priced resale home listings in a number of markets," CREA chief economist Gregory Klump noted in a statement.
8 W8 Z3 f1 p" ?; T3 r
& E$ q7 [% s. d"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales." 5 g3 Y3 \* M/ }5 }; v4 b
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.
. }/ d x& d! _3 y, s/ E, F& Q0 ~$ K" n g* e) D" w8 I0 `
Here is a sampling of average MLS home prices in May (with year-over-year changes in brackets):
3 t* c2 ^# n2 w
; T* B' ~( l. X( b$ d% v" HCalgary: $358,214 (+43.6%) 2 s! G2 a6 E0 |) B0 C! V' u
Edmonton: $242,936 (+22.9%) . W) t% d9 e3 {1 W8 r
Halifax-Dartmouth: $210,225 (+7.6%) 1 C! A, ^, n. @# c- f
Montreal: $219,433 (+8.2%) $ ~6 _7 T, A9 V) B
Ottawa: $260,219 (+4.7%) 1 U" K$ f- z. q* y8 D
Quebec City: $150,324 (+6.9%)
4 _8 f' C5 a0 h7 P8 h6 C" {4 t9 HRegina: $142,147 (+10.3%) 1 Z; w- Z& q; W. d9 g4 h6 d
Saint John, N.B.: $129,844 (+12.3%)
* K W* v5 D% p; ~Saskatoon: $162,279 (+11.5%) 1 u7 k( N6 m% v! n
Nfld. & Lab.: $133,541 (-1.2%)
% p1 l0 S6 \7 [* b$ X2 t& NThunder Bay, Ont.: $118,804 (-9.0%)
0 ~# V, ]# C6 V9 I4 ?: S, }0 d Q* ]Toronto: $365,537 (+5.5%)
, b* b# P; O1 }, Y. r6 `8 n f6 HVancouver: $518,176 (+23.7%) * P; O6 @' z6 H7 O2 C; g" U% | M
Winnipeg: $159,801 (+12.5%)
. P9 i/ s( x1 KCanada: $303,836 (+12.9%) |
|