Alberta real estate slump leads country

小福鸟

http://www.canada.com/calgaryher ... c0f5f3e4&k=8050

# f' X1 K0 P' J* }7 BCALGARY - Alberta led the country with the biggest drop in resale housing activity in the first quarter of this year while at the same time outpacing the rest of the provinces in new MLS listings.

- w( L, ]( O+ hA report released Tuesday by the Canadian Real Estate Association says MLS sales in the province were down 30.5 per cent compared with the first quarter of 2007, new listings increased by 36.2 per cent, total dollar volume of all transactions dropped by 26.7 per cent but the average sale price increased by 5.4 per cent to $361,544.
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5 V0 Z, {7 J* M* L) u- f% G. K0 BAnd the report also showed a similar real estate scenario during the month of March with the province experiencing the biggest yearly drop in sales across the country at 34.3 compared with March 2007 and a 25.1 per cent hike in new listings for the month - again topping all other provinces.
The average MLS sale price in Alberta increased by 3.7 per cent in March from a year ago to $365,888 but total dollar volume of all transactions was down by 31.9 per cent.

At a national level, MLS sales in the first quarter of 2008 were down 13.2 per cent compared with the same period last year and new listings were up six per cent. The average resale price in Canada increased by 6.4 per cent to $312,583. This is the smallest year-over-year price increase since the fourth quarter of 2001.
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7 @" |- k7 z: _- ?$ H9 K9 }On a monthly basis, MLS sales dropped by 19.1 per cent compared with March 2007 and new listings decreased by 0.6 per cent. The average national resale price in March was up 4.8 per cent to $314,279. It was the smallest increase since October 2001.

"Resale housing activity is trending lower in the four most active provinces," said CREA chief economist Gregory Klump. "Housing markets are becoming more balanced and price gains are becoming more modest as a result. This trend is forecast to continue as rising mortgage carrying costs and property taxes erode affordability."

[ 本帖最后由 小福鸟 于 2008-4-29 17:52 编辑 ]

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