 鲜花( 7)  鸡蛋( 0)
|
A slowdown in some of the country's most expensive cities for housing continues to drag down the average sale price of a home in Canada, the Canadian Real Estate Association said. |5 _ q& ?/ s: u/ C8 n3 x
2 \6 T, b4 _! N6 S s, eThe average sale price of a home last month was $281,133, a 9.9% decline from a year ago. It's the fifth straight month that prices have fallen in the country's major markets on a year over year basis, and each month the percentage decline has increased.- E9 \3 S1 ?7 N) g# @
) ?7 i* _* ?3 a: }& Z, ]
Sales also continue to decline across the country. In major markets, sales in October were down 15.1% from September. The 32,046 sales in October for the entire country were the lowest monthly level since July, 2002.2 E& G, d! q6 i* p. ^
0 Z0 [+ ~/ c) t. f1 I"The breadth and depth of the drop in MLS activity suggests a major downshift in consumers psychology," said Gregory Klump, chief economist CREA. "That has moved many homebuyers to the sidelines until economic news begins to improve."0 ]4 Y5 ?# H7 i6 p; s9 p0 H' Z6 {* i
2 }/ ~! }0 n I2 ^CREA said activity was down in 75% of the Canadian markets it surveys, including the five most active, Toronto, Montreal, Vancouver, Calgary and Edmonton. Toronto accounted for one third of the decline in the national sales figure.
, M/ u# K$ N( I( d+ L# v0 K2 h- ?6 p" D; ^8 T" F
"Many homebuyers across Canada battened down the hatches in October as they were concerned with dire headlines about stock market volatility and a global economic downturn," said Mr. Klump.0 A0 t* r8 _8 G8 _6 R
5 q. A, b1 @+ s) V+ f X
He said the government's tougher restrictions on home buying played into the decline. New rules that came into effect last month have forced consumers to have at least 5% down on any home purchase. Mortgages can also be amortized over 35 years, down from 40 years, making for a larger monthly payment.
* R/ \8 ]+ S3 I& L4 i
+ b7 O# b) j2 D- m( _3 A5 _The market is expected to get some relief from the fact that new listings are expected to decline, Mr. Klump says.
4 x; {8 _7 I- O+ Z' b
6 f3 D9 c) J. G+ vCREA president Calvin Lindberg said consumer confidence has not been this low since the mid-1990s. "The major drop in consumer and a steady stream of economic bad news from the financial markets is taking its toll on the national housing market," he said.* F; `/ s4 d% o" z x( u7 V" x
+ H" g u' ]8 w) {5 b' K
The association pointed out a decline in housing is bad news for the overall economy, saying spin off spending from MLS transaction is about $15.3-billion per year when you include moving and renovation costs and the purchase of new furniture and appliances. |
|
狗仔卡
发表于 2008-11-14 11:16
提升卡
置顶卡
沉默卡
喧嚣卡
变色卡
显身卡
发表于 2008-11-14 17:05
