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Average home price tops $300K in major markets * s- O" ~; j2 H7 P7 H! \* X
Last Updated Wed, 14 Jun 2006 14:05:59 EDT
; j+ a9 k+ R! [3 I3 k5 d& ACBC News </news/credit.html>
$ h: s# u+ G$ kThe 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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Home sales are rising faster than new listings % \; Y2 e& |. n4 h& L! d- c, K
Multiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.% `- }% B) x, _
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It was the biggest yearly increase recorded in two years. 7 v! K9 Q' }2 O2 @6 j$ B
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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9 z6 J Q& s7 b! v E1 ]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.* N3 _+ V; L1 a0 v9 W7 e. P0 ^
. h2 W' Y2 Z* p3 F. P& \"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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# {* X, r% _0 a# W( u P"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales."
+ I' u9 k( V- W Q0 o. p4 sOverall, 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):
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# x/ @# f3 z+ p W, g7 MCalgary: $358,214 (+43.6%) : I+ e6 A" t& ^) O& M
Edmonton: $242,936 (+22.9%)
* A3 g7 ^, ] @$ G5 J; p9 H$ }Halifax-Dartmouth: $210,225 (+7.6%)
% L; A, l$ @% f7 W, B+ j# nMontreal: $219,433 (+8.2%) + O8 g1 q; l# q, \& v& G; x
Ottawa: $260,219 (+4.7%)
) _/ m) n6 P' f, ~' R& ^Quebec City: $150,324 (+6.9%) # \: B, b* ~( ^! ]; b; t0 m
Regina: $142,147 (+10.3%)
, n7 {. ]+ L1 ~ C% M& J8 {( pSaint John, N.B.: $129,844 (+12.3%) $ N1 M9 M3 `6 t y; c4 X. b ^
Saskatoon: $162,279 (+11.5%) 6 I" Z1 k8 M: b, C6 o
Nfld. & Lab.: $133,541 (-1.2%)
1 s! ^! i9 p$ c5 Q0 k) TThunder Bay, Ont.: $118,804 (-9.0%) 5 D0 F) |# a' [" \1 R' E
Toronto: $365,537 (+5.5%)
- D) |( i1 w% k2 KVancouver: $518,176 (+23.7%) , {2 @# U, }8 H7 U" c' Z
Winnipeg: $159,801 (+12.5%)
) b8 `- U' E1 b3 U4 F# f- LCanada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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