 鲜花( 19)  鸡蛋( 0)
|
Average home price tops $300K in major markets 5 `# B6 J; e9 N4 b
Last Updated Wed, 14 Jun 2006 14:05:59 EDT 7 j2 g/ u3 B/ l( t
CBC News </news/credit.html> ( _8 M' I' M! P. n4 q
The average sale price of an existing home in 25 of Canada's major markets topped $300,000 in May for the first time ever, according to the latest figures from the Canadian Real Estate Association.
. T- ~7 e* d! X2 L
2 F ?4 b L! L
( `0 Y9 K$ @" zHome sales are rising faster than new listings
( O8 K$ M2 g, b1 [. qMultiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.. _/ p, @' {6 d$ r- [3 d7 t
' X9 d. {! D8 a; g, `; D* iIt was the biggest yearly increase recorded in two years.
! `: s4 J3 f0 n& b! ~) _' pThe Greater Vancouver area continued to have the most expensive housing in the country. There, the average home resale was $518,176 in May, up 23.7 per cent from the same month a year ago.: ^5 E% @- a, m* H/ c% K
+ T# \4 l& Z% G$ n. [, o
Red-hot Calgary experienced the highest year-over-year increase, with the average price for an existing home climbing 43.6 per cent to $358,214.% k+ B. V2 e! ?* c3 ~
' O. L! P- L1 B8 P
"Recent price increases are resulting in a growing shortage of lower priced resale home listings in a number of markets," CREA chief economist Gregory Klump noted in a statement.' X9 M3 v( x/ w/ r
% V) G. Y ], @8 J1 G( W, q
"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales." % g9 Y. B [& H% `$ p8 w+ k |
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.6 ^- r7 f. N7 D4 c
4 H1 ?/ Q# ^- k+ d: x; x; ?
Here is a sampling of average MLS home prices in May (with year-over-year changes in brackets):
" U1 E9 N7 p* `) ]; P$ a5 A6 ~# m( Y g5 D6 A, u
Calgary: $358,214 (+43.6%) & }0 l( K# I- B5 S4 a8 F
Edmonton: $242,936 (+22.9%)
/ ^9 g, p( U% K% ^Halifax-Dartmouth: $210,225 (+7.6%) , S+ l, A* z h( [. H' c1 S
Montreal: $219,433 (+8.2%) 0 E- n/ K! S2 v2 _7 m3 D
Ottawa: $260,219 (+4.7%) " }2 I7 R+ a# s/ T) \2 t
Quebec City: $150,324 (+6.9%)
% I2 j2 ^* R t5 Q) g3 U |0 y W5 ERegina: $142,147 (+10.3%) + d; C! B4 B) L
Saint John, N.B.: $129,844 (+12.3%) , ?4 F& J- g) x7 I$ F
Saskatoon: $162,279 (+11.5%) 5 L- {8 f+ Q0 d6 g" z
Nfld. & Lab.: $133,541 (-1.2%)
+ P- Z5 J; U( xThunder Bay, Ont.: $118,804 (-9.0%)
7 F% C- ~* y; s* kToronto: $365,537 (+5.5%) 0 [* g- m0 P# o9 Q; w. R
Vancouver: $518,176 (+23.7%) 2 \1 P. f9 ^% j% K; O0 X
Winnipeg: $159,801 (+12.5%) * h( O2 Z! R8 B1 d
Canada: $303,836 (+12.9%) |
|