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Average home price tops $300K in major markets ( }* C P) X E. Q+ g: W! Y
Last Updated Wed, 14 Jun 2006 14:05:59 EDT
1 ?1 t7 ?3 p* F( U/ P& HCBC News </news/credit.html> 7 W& y/ v) _3 f0 f
The average sale price of an existing home in 25 of Canada's major markets topped $300,000 in May for the first time ever, according to the latest figures from the Canadian Real Estate Association.% O t! J" o# Y5 q
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Home sales are rising faster than new listings % O5 Q' |, [5 t, N9 {$ h: I& c
Multiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005. @+ t% v% n9 N. e' \3 N/ ^
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It was the biggest yearly increase recorded in two years.
, Y1 y% M: S. Y E* fThe 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.0 f5 ~; `5 W- I6 _& G6 i8 d4 j! r8 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./ X6 i% B J; H2 {3 k( z3 d
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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."
! B6 m V: H. f& xOverall, 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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6 t1 J6 j6 Z* W2 Z' qHere is a sampling of average MLS home prices in May (with year-over-year changes in brackets): 2 f6 i6 k, p) a3 D' R8 Q9 R4 d
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Calgary: $358,214 (+43.6%) " s2 H6 y. n5 E" O, l
Edmonton: $242,936 (+22.9%) / K8 k& P! d8 |0 q& x
Halifax-Dartmouth: $210,225 (+7.6%)
; }% o7 v( W( C* oMontreal: $219,433 (+8.2%)
: ]* j8 C/ n* D. n1 n$ p( P$ UOttawa: $260,219 (+4.7%) ; Z0 a7 _3 K$ S& b6 G; f
Quebec City: $150,324 (+6.9%)
R, o5 z4 o- m# f" tRegina: $142,147 (+10.3%)
7 K& q# K% B+ A+ f. F/ VSaint John, N.B.: $129,844 (+12.3%)
1 C, w5 W/ H4 o+ ~ j% L& b2 DSaskatoon: $162,279 (+11.5%) 1 ]$ l1 B* X' @* k D- |
Nfld. & Lab.: $133,541 (-1.2%) 0 d G, v; E" K3 L; k
Thunder Bay, Ont.: $118,804 (-9.0%)
. _2 }1 q5 G" g2 _7 |' S7 w5 G: C/ cToronto: $365,537 (+5.5%)
1 J8 @# G- K/ y2 R3 y) M) U FVancouver: $518,176 (+23.7%)
% H7 w6 u% V: p, `/ I9 kWinnipeg: $159,801 (+12.5%)
o2 U4 w9 j u' `- `3 @+ DCanada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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