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Average home price tops $300K in major markets 7 I& U+ G1 M6 y' |0 \$ L
Last Updated Wed, 14 Jun 2006 14:05:59 EDT
) W7 b1 y0 b" y O8 ^- H/ n/ A3 RCBC News </news/credit.html> + s/ |5 L2 n* Y7 S
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.) _+ N- f7 f& J' H- ]
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1 L' Z! F9 I8 f0 B }; NHome sales are rising faster than new listings 0 w6 Q; B6 b3 L! M
Multiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.- S! L, [( }3 S: U# {
8 k: n* x; ~' u2 J% rIt was the biggest yearly increase recorded in two years. 2 k! H$ ~, V1 {. d- B! V$ d3 q+ J
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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Red-hot Calgary experienced the highest year-over-year increase, with the average price for an existing home climbing 43.6 per cent to $358,214.
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7 X- x# } s9 Z- H' t0 B"Recent price increases are resulting in a growing shortage of lower priced resale home listings in a number of markets," CREA chief economist Gregory Klump noted in a statement.5 D9 Z( R- p Z
5 h5 x2 r" j4 V5 `' F$ ?"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales." . k( e; A! G4 D: E* C- a4 x
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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% k5 n3 I2 ?4 ?7 f R w$ aHere is a sampling of average MLS home prices in May (with year-over-year changes in brackets):
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: v& N" l3 n+ H. {3 T) cCalgary: $358,214 (+43.6%) ' T7 g, u0 R8 o6 Z, p
Edmonton: $242,936 (+22.9%)
6 q$ k( f! I8 r3 eHalifax-Dartmouth: $210,225 (+7.6%)
, |4 V- S3 \( M6 hMontreal: $219,433 (+8.2%) 1 P. w! P' `/ T0 ^$ V& B( |; i7 D
Ottawa: $260,219 (+4.7%)
# j8 K" w ^( f8 a1 C q( o: YQuebec City: $150,324 (+6.9%)
) o/ t! M3 O6 ^ ?Regina: $142,147 (+10.3%)
6 U; r& Y4 B8 n1 u# C! y# r9 OSaint John, N.B.: $129,844 (+12.3%) $ m3 r, `7 B9 d+ P+ F
Saskatoon: $162,279 (+11.5%)
+ `" b. y- @* S4 }& n( ENfld. & Lab.: $133,541 (-1.2%)
: K& Q6 A% X$ v6 |Thunder Bay, Ont.: $118,804 (-9.0%)
. ^* A# N6 _" f; D, [4 ~" l7 ~Toronto: $365,537 (+5.5%)
9 h. u- d' J& O3 L' bVancouver: $518,176 (+23.7%)
1 [3 e6 I) {3 y3 L3 ]Winnipeg: $159,801 (+12.5%) 7 Z# _& Q/ P, E/ y1 a
Canada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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