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Average home price tops $300K in major markets
& ]) z+ y. S0 w/ x9 U1 ]" v% ?/ g5 gLast Updated Wed, 14 Jun 2006 14:05:59 EDT
p% O0 |9 r0 i$ @8 K( dCBC News </news/credit.html> - K$ v8 ]3 a8 D& @
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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8 a6 s8 e* O+ c8 L# eHome sales are rising faster than new listings 0 B1 b4 h5 W+ R; X8 ?; X
Multiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.
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# `( O6 X: ]; q- M5 vIt was the biggest yearly increase recorded in two years. % w& l5 Z2 A. k/ g7 y7 j
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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: H& c7 o' a. T4 dRed-hot Calgary experienced the highest year-over-year increase, with the average price for an existing home climbing 43.6 per cent to $358,214.% j% [/ a9 O+ }
d- J0 b1 w) Z# I# ^- Q"Recent price increases are resulting in a growing shortage of lower priced resale home listings in a number of markets," CREA chief economist Gregory Klump noted in a statement.3 o) v: W% j! @' Y# Y7 Z
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"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales."
/ e- X2 Q e" M+ \+ M# ZOverall, sales in the country's major markets rose 4.4 per cent to a record 37,460 units in May. On a year-to-date basis, sales activity broke records in 12 cities across the country.
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9 V, ~' x9 f- n) S$ CHere is a sampling of average MLS home prices in May (with year-over-year changes in brackets):
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Calgary: $358,214 (+43.6%) 6 w8 J5 [' r+ @: P, v: u7 r
Edmonton: $242,936 (+22.9%)
& u$ P7 D" {( q& n" } D5 \Halifax-Dartmouth: $210,225 (+7.6%) 7 K, A0 t+ H2 d5 ]" B. O
Montreal: $219,433 (+8.2%)
6 n; e/ D* D% K% h, x2 kOttawa: $260,219 (+4.7%)
7 O+ ?' _2 x# w: B; T% ?1 OQuebec City: $150,324 (+6.9%)
3 w. r; f/ @' g+ {Regina: $142,147 (+10.3%)
; [& D% \3 T3 [Saint John, N.B.: $129,844 (+12.3%)
8 r+ E; Y3 [" y$ Z) a1 {Saskatoon: $162,279 (+11.5%)
0 Z. d" C$ T) s7 X/ ZNfld. & Lab.: $133,541 (-1.2%) $ K8 j' ^) z8 P4 W. @+ I. I! e0 F
Thunder Bay, Ont.: $118,804 (-9.0%)
% Z, Y5 G3 T( j( d) nToronto: $365,537 (+5.5%)
* t& q/ j% a, ?( ^" l$ Q1 sVancouver: $518,176 (+23.7%)
6 v0 J0 Z& ^; ^( }- {Winnipeg: $159,801 (+12.5%)
6 e i z/ X- G) b7 fCanada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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