 鲜花( 19)  鸡蛋( 0)
|
Average home price tops $300K in major markets
! V4 L" o) X/ I0 p! dLast Updated Wed, 14 Jun 2006 14:05:59 EDT . B$ \3 l! B/ f8 R
CBC News </news/credit.html> & @) L' ^6 W, p" E r k- t3 @
The average sale price of an existing home in 25 of Canada's major markets topped $300,000 in May for the first time ever, according to the latest figures from the Canadian Real Estate Association.
4 F/ D3 R9 z4 M9 Y; B' `( H. P$ C+ O: ^+ q# J
8 l8 Y: b D$ H# U! U; v
Home sales are rising faster than new listings 7 e' k" q2 f5 T( `$ Q8 z8 y
Multiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.
1 [" K% U4 R, H! H
( r! \8 N6 L: n$ B; o. |& ?9 IIt was the biggest yearly increase recorded in two years.
" Y! R& l- d# h) [4 ]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.# y5 q) j. O& ~5 G1 e
! C- l6 K- K( N+ N! J, |' X* ?Red-hot Calgary experienced the highest year-over-year increase, with the average price for an existing home climbing 43.6 per cent to $358,214.3 }( L7 Z+ L# y: D' J& i
$ d+ j! ^# {3 z7 O* K, Z"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.
, M# T( I' K1 Y8 u% v4 e; i
/ ~8 {2 k* S: y( R"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales." . T* _* V5 V) ^
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.( ?: c/ x' q6 t3 I6 a8 D4 e5 U* ^, A
& E) i6 u1 s4 l/ ^/ jHere is a sampling of average MLS home prices in May (with year-over-year changes in brackets):
9 Y6 g( Q' A7 z* f k
! G& e2 w! f$ v" a& Y/ ]0 DCalgary: $358,214 (+43.6%) 9 ]. z1 ?% ^3 D9 K. u: q
Edmonton: $242,936 (+22.9%) . F+ O: G* J' C# Y7 A# f
Halifax-Dartmouth: $210,225 (+7.6%) 9 r0 s+ a) O* o
Montreal: $219,433 (+8.2%)
5 F" P4 ^2 i q3 K8 y; D( HOttawa: $260,219 (+4.7%) : _, E( u. g8 M
Quebec City: $150,324 (+6.9%)
& F% W- R. f; O* VRegina: $142,147 (+10.3%) [& k; T# m1 E7 F
Saint John, N.B.: $129,844 (+12.3%)
! o5 U) E4 d2 H3 M7 O" dSaskatoon: $162,279 (+11.5%)
8 k5 p; J9 M" J) }Nfld. & Lab.: $133,541 (-1.2%) * s. E$ D: K( h/ ]0 X7 a
Thunder Bay, Ont.: $118,804 (-9.0%)
9 u; {6 q) \' pToronto: $365,537 (+5.5%) " g" Q! n) ]# e: q: P6 d
Vancouver: $518,176 (+23.7%)
5 | u$ h* ^5 X& C) O$ z# AWinnipeg: $159,801 (+12.5%)
3 j1 F: a4 X4 n2 f+ C8 UCanada: $303,836 (+12.9%) |
|