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Average home price tops $300K in major markets % p2 @: K: d( y$ m5 k# @" V
Last Updated Wed, 14 Jun 2006 14:05:59 EDT
% [: W- @$ s0 N: E; d' t( `8 Z! ECBC News </news/credit.html>
$ o* N( r: }; M4 u& d Q5 ^The average sale price of an existing home in 25 of Canada's major markets topped $300,000 in May for the first time ever, according to the latest figures from the Canadian Real Estate Association.' T' C" o( C; @9 B$ R
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' R9 E! u6 Z- x4 i: N5 h0 GHome sales are rising faster than new listings
7 Z3 M. `. [% sMultiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.9 C7 `- u: ]5 t. j+ X' l
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It was the biggest yearly increase recorded in two years.
; @) Z7 A( L+ T. w$ v' jThe 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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5 J3 t1 Q8 G. sRed-hot Calgary experienced the highest year-over-year increase, with the average price for an existing home climbing 43.6 per cent to $358,214.. [3 f2 b* B9 c1 E) [4 `
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"Recent price increases are resulting in a growing shortage of lower priced resale home listings in a number of markets," CREA chief economist Gregory Klump noted in a statement.
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"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales." : @& ?5 Q @- q, V' E8 K$ 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.+ a" K* x1 c5 M) r9 Q/ F. d6 s
# `# G4 n- y# w5 B! @Here is a sampling of average MLS home prices in May (with year-over-year changes in brackets):
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$ O2 u" b$ _; U4 _/ t% a3 [ o# hCalgary: $358,214 (+43.6%) 0 v" E: V: V' w; S
Edmonton: $242,936 (+22.9%)
( c" j' D3 C3 n% fHalifax-Dartmouth: $210,225 (+7.6%)
1 N( X+ M0 I/ HMontreal: $219,433 (+8.2%)
: D' u, @6 q1 k$ xOttawa: $260,219 (+4.7%) + R8 l. B( P* h" B8 W+ L% Q
Quebec City: $150,324 (+6.9%)
) o) B9 o: ]2 q8 D& dRegina: $142,147 (+10.3%) 1 _/ }5 M5 M( J& U. K3 c- M
Saint John, N.B.: $129,844 (+12.3%) # u/ s* P" g E2 f# l
Saskatoon: $162,279 (+11.5%) 0 j; m1 D7 x$ d2 W: o
Nfld. & Lab.: $133,541 (-1.2%) / n, X$ Q4 C, ^" L4 Y6 X
Thunder Bay, Ont.: $118,804 (-9.0%)
7 k0 y6 @( _7 J0 W8 G& }; ]5 QToronto: $365,537 (+5.5%) ' u* e4 q7 }; ]9 u0 ]$ n( R6 x3 q- r
Vancouver: $518,176 (+23.7%)
) I2 m3 j1 T$ c: tWinnipeg: $159,801 (+12.5%)
! \) s) s3 r! _" ^$ \Canada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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