埃德蒙顿华人社区-Edmonton China

 找回密码
 注册
查看: 1556|回复: 4

Canadian home sales slide 15% in October

[复制链接]
鲜花(7) 鸡蛋(0)
发表于 2008-11-14 11:16 | 显示全部楼层 |阅读模式
老杨团队,追求完美;客户至上,服务到位!
A slowdown in some of the country's most expensive cities for housing continues to drag down the average sale price of a home in Canada, the Canadian Real Estate Association said.9 ~; e; W* A( q- C7 K1 I. a

8 x; q* M' [8 z0 ]The average sale price of a home last month was $281,133, a 9.9% decline from a year ago. It's the fifth straight month that prices have fallen in the country's major markets on a year over year basis, and each month the percentage decline has increased.
2 A; z/ h0 N; q" g+ M3 ^
5 C- N' u! ]; F( OSales also continue to decline across the country. In major markets, sales in October were down 15.1% from September. The 32,046 sales in October for the entire country were the lowest monthly level since July, 2002.. f& k$ f% v' `0 T

/ E1 {% t, i3 J  @& e+ L8 f"The breadth and depth of the drop in MLS activity suggests a major downshift in consumers psychology," said Gregory Klump, chief economist CREA. "That has moved many homebuyers to the sidelines until economic news begins to improve."9 |5 J' o; D. n& N. I* Z

" X& ]+ f) b- W: f6 Q( sCREA said activity was down in 75% of the Canadian markets it surveys, including the five most active, Toronto, Montreal, Vancouver, Calgary and Edmonton. Toronto accounted for one third of the decline in the national sales figure.! |. l  |6 Y, \9 ?2 H

( q' U2 V; f; `6 v) t"Many homebuyers across Canada battened down the hatches in October as they were concerned with dire headlines about stock market volatility and a global economic downturn," said Mr. Klump." X8 ~% V# y- V/ O$ ]/ t5 i, D" W

; v3 y  O, p, D5 M) O2 CHe said the government's tougher restrictions on home buying played into the decline. New rules that came into effect last month have forced consumers to have at least 5% down on any home purchase. Mortgages can also be amortized over 35 years, down from 40 years, making for a larger monthly payment.
6 \" \- l$ `, p6 T5 C& S: f0 B9 ?
. v% Z7 H% Y& j* |% Q( mThe market is expected to get some relief from the fact that new listings are expected to decline, Mr. Klump says.9 \- F0 T% P- t
% z- b/ K, l& y( J# B) Y
CREA president Calvin Lindberg said consumer confidence has not been this low since the mid-1990s. "The major drop in consumer and a steady stream of economic bad news from the financial markets is taking its toll on the national housing market," he said.
5 i* b4 y3 Y+ s% Q, b; Y9 I% l/ e! Y
The association pointed out a decline in housing is bad news for the overall economy, saying spin off spending from MLS transaction is about $15.3-billion per year when you include moving and renovation costs and the purchase of new furniture and appliances.
理袁律师事务所
鲜花(0) 鸡蛋(0)
发表于 2008-11-14 11:20 | 显示全部楼层
好题如顶顶
鲜花(0) 鸡蛋(0)
发表于 2008-11-14 12:02 | 显示全部楼层
地产协会这回是认衰了。9月份的时候嘴还很硬啊。
鲜花(0) 鸡蛋(0)
发表于 2008-11-14 12:03 | 显示全部楼层
老杨团队 追求完美
原帖由 CO2 于 2008-11-14 12:02 发表
, [2 U5 ~, u  r) m地产协会这回是认衰了。9月份的时候嘴还很硬啊。

- Y6 ?. \. P. E5 b嘴硬没用
鲜花(15) 鸡蛋(66)
发表于 2008-11-14 17:05 | 显示全部楼层
您需要登录后才可以回帖 登录 | 注册

本版积分规则

联系我们|小黑屋|手机版|Archiver|埃德蒙顿中文网

GMT-7, 2026-2-18 05:25 , Processed in 0.166340 second(s), 19 queries , Gzip On, APC On.

Powered by Discuz! X3.4

Copyright © 2001-2021, Tencent Cloud.

快速回复 返回顶部 返回列表