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Average home price tops $300K in major markets , l2 _' Y1 e, m5 ?* M! |
Last Updated Wed, 14 Jun 2006 14:05:59 EDT - L* o) d1 {- N$ _% y" G/ e# ~
CBC News </news/credit.html> : s9 }# F" X8 U/ p/ ?! g
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.
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2 u6 T' Z3 _4 e/ W' h6 G) LHome sales are rising faster than new listings % P) h2 ~3 M/ X& q
Multiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.' s+ g7 |+ w" }& ~6 H9 E$ B' ]
: M* @0 y0 D' W0 DIt was the biggest yearly increase recorded in two years. - M/ ]/ C$ W: c! d+ d
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 $358,214.% D( T- M# p/ D) Q1 }
; Z; c$ @" q, u$ r4 R"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.% _$ O* ~1 y1 H- q6 O5 X
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"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales." + ?8 Z& w* G2 X- w8 C% H
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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Here is a sampling of average MLS home prices in May (with year-over-year changes in brackets): ( {5 j) x& y J, Q7 d
" z5 r) b8 P' b+ {- |* K* jCalgary: $358,214 (+43.6%) / a2 {5 F% d" J# X8 P% e( V" m9 f
Edmonton: $242,936 (+22.9%)
: W0 |( j% C+ X: cHalifax-Dartmouth: $210,225 (+7.6%) 0 L9 l+ H/ o& H: W% x& G
Montreal: $219,433 (+8.2%)
0 r/ L1 |+ y. D( t/ f! e1 g+ gOttawa: $260,219 (+4.7%) : b3 r' ], t! p- J# E* W* C! G S
Quebec City: $150,324 (+6.9%) 1 c, r3 R- y& i* d6 U
Regina: $142,147 (+10.3%)
5 o& d" C# K; a! QSaint John, N.B.: $129,844 (+12.3%)
' l4 p; r Y8 |6 |Saskatoon: $162,279 (+11.5%)
7 m) F3 p& [# O8 X/ V% MNfld. & Lab.: $133,541 (-1.2%) ( b0 D" Z- v: H4 \1 v' ~
Thunder Bay, Ont.: $118,804 (-9.0%) ( F: _( d) r( a) b; m
Toronto: $365,537 (+5.5%)
0 x: @; k. h& \# aVancouver: $518,176 (+23.7%) ; T; I2 e" k. H7 @ v0 [7 T% C
Winnipeg: $159,801 (+12.5%) : O& @. Q# ]) g, _; f
Canada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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