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Average home price tops $300K in major markets + `7 g$ q D3 \5 n( e0 R! J, w
Last Updated Wed, 14 Jun 2006 14:05:59 EDT * N1 o2 \$ x9 n1 r2 x& q
CBC News </news/credit.html> 1 z- A* F$ g& Z7 B: C4 t
The average sale price of an existing home in 25 of Canada's major markets topped $300,000 in May for the first time ever, according to the latest figures from the Canadian Real Estate Association.& v5 b: X m1 ?" j
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2 F6 k u" [" R( e6 j c$ O8 qHome sales are rising faster than new listings ' _5 }+ N1 K! N6 v3 H8 f: M. }
Multiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005., ?& V2 d7 p) o1 Q2 n
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It was the biggest yearly increase recorded in two years. * R& J/ q$ w+ t5 I
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.- c2 y: x6 A" l; r) S" s! `
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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 $358,214.
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+ y2 U+ u8 e" q) f) \ ^9 m/ ^, B"Recent price increases are resulting in a growing shortage of lower priced resale home listings in a number of markets," CREA chief economist Gregory Klump noted in a statement.
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- S$ i& S8 p1 ~6 @# n2 z! R# ~"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales." 0 O, G$ h4 R0 v5 M# {
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): 0 s9 y$ ]2 W+ D' V0 V2 @! E' _
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Calgary: $358,214 (+43.6%)
& E4 B! a' ?' M0 u, {0 jEdmonton: $242,936 (+22.9%) ! A7 G( K" l% b
Halifax-Dartmouth: $210,225 (+7.6%)
/ _2 t8 q/ H# zMontreal: $219,433 (+8.2%) , [ a6 v; ~& V) T! b7 G
Ottawa: $260,219 (+4.7%)
2 T5 v' F0 }) ]$ H# F! NQuebec City: $150,324 (+6.9%)
( _3 h$ l* h. {) wRegina: $142,147 (+10.3%) . h, O O& c* v1 W
Saint John, N.B.: $129,844 (+12.3%)
4 z! }0 w8 i" @, QSaskatoon: $162,279 (+11.5%) - l: p- j# ^% c- d9 x6 O U
Nfld. & Lab.: $133,541 (-1.2%)
& C4 g" k* m5 RThunder Bay, Ont.: $118,804 (-9.0%) : w: l+ A" H4 Y# d5 ?/ R- g
Toronto: $365,537 (+5.5%) $ B0 s. j0 g3 l. [
Vancouver: $518,176 (+23.7%)
; O# A$ |8 u0 YWinnipeg: $159,801 (+12.5%) 2 Q( E( x d9 K) s& e: W9 [
Canada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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