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Average home price tops $300K in major markets 2 K# [5 R( W2 g% l
Last Updated Wed, 14 Jun 2006 14:05:59 EDT
( p' N+ W7 `: Z" U1 UCBC News </news/credit.html> ) M) Q5 I8 N8 x
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.
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1 d! U# \3 U8 a! I% y- o0 z. OHome sales are rising faster than new listings
; O0 u7 L+ i, R F2 b. JMultiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.3 g/ D6 t$ q/ e* j+ i
$ K. `/ {& z/ ]It was the biggest yearly increase recorded in two years.
+ q5 w i4 Y4 B; | lThe Greater Vancouver area continued to have the most expensive housing in the country. There, the average home resale was $518,176 in May, up 23.7 per cent from the same month a year ago.
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$ o. n7 l$ i5 N' V LRed-hot Calgary experienced the highest year-over-year increase, with the average price for an existing home climbing 43.6 per cent to $358,214.9 q& `& a9 `! E! }
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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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/ G9 X4 V7 g& h: t7 I"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales."
# X) B5 J5 Z, ^ X7 _. M. IOverall, 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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8 q9 w* ~; w* _9 v0 D+ bHere is a sampling of average MLS home prices in May (with year-over-year changes in brackets):
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# {& d: c. q. [/ ]Calgary: $358,214 (+43.6%) ) |: N0 t* U+ Z% k( G) C2 S
Edmonton: $242,936 (+22.9%) ' R: _$ l, z+ z
Halifax-Dartmouth: $210,225 (+7.6%)
2 G. ?5 G8 @; dMontreal: $219,433 (+8.2%)
) }8 N) d/ v, I: j/ J& K0 {0 B8 {Ottawa: $260,219 (+4.7%) " J8 M( R2 ]% K
Quebec City: $150,324 (+6.9%) 7 J# K( W y+ R% K' t1 q- t# F
Regina: $142,147 (+10.3%) + B# s. L# L; ^ F5 @
Saint John, N.B.: $129,844 (+12.3%)
, X; l/ V# o, E' S3 a5 `Saskatoon: $162,279 (+11.5%)
6 h T/ r+ s0 G! q0 tNfld. & Lab.: $133,541 (-1.2%)
1 Y! L0 m" p) ?6 N3 [. H- OThunder Bay, Ont.: $118,804 (-9.0%) - m+ g& q9 b# V
Toronto: $365,537 (+5.5%) 3 Z0 S1 x( G3 f
Vancouver: $518,176 (+23.7%)
& k2 U0 v2 E4 A1 sWinnipeg: $159,801 (+12.5%) # P9 }+ U4 o5 S/ g) M8 s# r- u
Canada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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