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Average home price tops $300K in major markets
) T) G6 a; B5 x8 S- o6 W* l- G1 vLast Updated Wed, 14 Jun 2006 14:05:59 EDT
9 h. `8 @+ p- }+ i& Z( iCBC News </news/credit.html> + L$ z |7 c8 Q0 H 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.
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; m% }0 d, d" t; a( }" XHome sales are rising faster than new listings
7 _: ]; M/ m8 I5 K: L; H- dMultiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.& g: o9 o) Z1 x$ I8 _
" g4 F% r. X+ x7 a# |% H3 b4 KIt was the biggest yearly increase recorded in two years. 0 v2 L3 n$ [5 X
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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- N7 a2 J* L; k- aRed-hot Calgary experienced the highest year-over-year increase, with the average price for an existing home climbing 43.6 per cent to $358,214.6 a' W8 ?. y8 b! b/ f- z9 [
/ U5 a1 `5 D3 }/ g% \! R3 X: ^& h"Recent price increases are resulting in a growing shortage of lower priced resale home listings in a number of markets," CREA chief economist Gregory Klump noted in a statement.
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) y, v- a4 B3 W5 n7 i"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales."
/ T* R* r' r$ c! }) n: |Overall, 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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# g+ H, B+ [1 i5 r& _. ^Here 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%)
" \2 s& _6 \5 D+ mEdmonton: $242,936 (+22.9%)
+ ~* [+ u* Q: P2 [) ]/ D9 g3 i8 MHalifax-Dartmouth: $210,225 (+7.6%) 5 I/ t6 T4 }5 K2 O
Montreal: $219,433 (+8.2%) 7 t8 J6 M6 t2 C. g- w( i
Ottawa: $260,219 (+4.7%) % h# C- w% D! A
Quebec City: $150,324 (+6.9%) g# D4 h2 E$ ^% \
Regina: $142,147 (+10.3%)
, d. Q; h& S7 p. W \Saint John, N.B.: $129,844 (+12.3%) * g/ E d$ r; g3 k0 W
Saskatoon: $162,279 (+11.5%)
( h( z+ u- {* vNfld. & Lab.: $133,541 (-1.2%)
5 \$ ?5 t% X4 n [7 bThunder Bay, Ont.: $118,804 (-9.0%)
* m; a. I/ V6 \3 O( K% D3 JToronto: $365,537 (+5.5%) ( S4 S# F4 N$ t( U+ ]/ j
Vancouver: $518,176 (+23.7%) - L* Y+ k1 |8 v: u6 M
Winnipeg: $159,801 (+12.5%) 7 ?8 a. a7 ~5 u2 c1 Q: @1 p! v
Canada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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