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Average home price tops $300K in major markets
1 P, J# I% g Z8 zLast Updated Wed, 14 Jun 2006 14:05:59 EDT
6 n, L3 t- q+ K) ?+ U- WCBC News </news/credit.html>
" d9 K1 V3 O3 F Y/ m' Q7 D/ {. LThe 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 9 H# @/ I: h4 \! v8 ~
Multiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.5 q/ Z/ X% w h# y+ g2 q3 t
$ B R; L' D q1 G1 OIt was the biggest yearly increase recorded in two years. ; a" V% _0 F E
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.
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' l9 U8 b( a; S( HRed-hot Calgary experienced the highest year-over-year increase, with the average price for an existing home climbing 43.6 per cent to $358,214.
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"Recent price increases are resulting in a growing shortage of lower priced resale home listings in a number of markets," CREA chief economist Gregory Klump noted in a statement.
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"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales."
3 k4 b$ O0 J( \" K+ h/ p9 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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( R/ x; X; \8 i! P: y' zHere is a sampling of average MLS home prices in May (with year-over-year changes in brackets):
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Calgary: $358,214 (+43.6%) 8 \/ r& a2 i" D" U: q, d4 L6 z
Edmonton: $242,936 (+22.9%)
2 c! W- q% C, L1 E' `% @' GHalifax-Dartmouth: $210,225 (+7.6%)
4 i' V! i/ m% t% EMontreal: $219,433 (+8.2%) - h! |# | N. s3 [) t* w
Ottawa: $260,219 (+4.7%)
* z& ]5 Q u! b6 a9 ]& i% a: _, q- {7 `Quebec City: $150,324 (+6.9%) * z! P9 L# n, s j F) {
Regina: $142,147 (+10.3%) ' I; z! r# ^" c8 S
Saint John, N.B.: $129,844 (+12.3%)
- l' x' i2 t) r f2 aSaskatoon: $162,279 (+11.5%) 3 g& K) B0 n& @0 M
Nfld. & Lab.: $133,541 (-1.2%)
( S2 q3 p3 h/ B# u4 w2 X- ], xThunder Bay, Ont.: $118,804 (-9.0%) , D& _, V6 ~3 k G* a' V
Toronto: $365,537 (+5.5%)
- s4 A6 r# [' z- CVancouver: $518,176 (+23.7%)
2 D: Z3 e1 ?% ?5 u: ?' t4 MWinnipeg: $159,801 (+12.5%)
: F* W, M# S5 P& ?2 kCanada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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