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Average home price tops $300K in major markets J( y; n/ \& p6 V4 ?: ]
Last Updated Wed, 14 Jun 2006 14:05:59 EDT
, Z4 N3 I* L: [0 e9 q& {CBC News </news/credit.html>
2 a; ^& t8 U4 y4 e$ W: s3 a. nThe average sale price of an existing home in 25 of Canada's major markets topped $300,000 in May for the first time ever, according to the latest figures from the Canadian Real Estate Association.) H$ q; d5 H2 H& g+ W2 M) V: ^; Y
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Home sales are rising faster than new listings
% V) I3 n2 y1 \; X' eMultiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.2 O3 r/ {( \5 s4 X0 z1 B) f
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It was the biggest yearly increase recorded in two years.
) @) Z) }+ j( M b+ QThe 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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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." E, X! B5 O7 A
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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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/ r! P: H: X: q: `0 G' r"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales."
6 Y9 c) S- @1 E( n. x: hOverall, 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.6 H# s% b4 I, x7 a, [. C2 F
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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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; F* R; f* U; g" \ HCalgary: $358,214 (+43.6%)
5 ?4 x8 g: q. PEdmonton: $242,936 (+22.9%)
0 }8 e! B- p% d' f7 @0 | @Halifax-Dartmouth: $210,225 (+7.6%) 8 Z1 h9 U, v1 X5 U% _. ]
Montreal: $219,433 (+8.2%) ; Z. e% V# n* ?6 o9 Q$ k& F
Ottawa: $260,219 (+4.7%) + ~2 q- v( w4 L$ g- p6 `& s
Quebec City: $150,324 (+6.9%)
, I1 ]9 x1 O. v& ~, XRegina: $142,147 (+10.3%)
9 C7 a* |5 [) F: {+ Q( t- D% B/ YSaint John, N.B.: $129,844 (+12.3%)
* T2 r2 Q) _4 M1 \* c* d% aSaskatoon: $162,279 (+11.5%)
, @ ^+ j3 i" FNfld. & Lab.: $133,541 (-1.2%)
* i* }8 ^! y4 J2 nThunder Bay, Ont.: $118,804 (-9.0%) . P4 C& p/ r4 l$ _2 d0 G
Toronto: $365,537 (+5.5%) / K. A0 _4 c% F9 g2 p
Vancouver: $518,176 (+23.7%) + |8 j# K8 W1 \# Y$ a
Winnipeg: $159,801 (+12.5%)
1 C5 C$ K- S5 m& V. ?( D/ jCanada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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