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Average home price tops $300K in major markets 6 X6 U/ Q# X7 t# x3 r, M
Last Updated Wed, 14 Jun 2006 14:05:59 EDT 5 Z0 ^5 h8 _+ V( c z9 G
CBC News </news/credit.html> ( J, @6 Q4 [+ S. H8 Q0 }4 q- ]
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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Home sales are rising faster than new listings
$ q* p4 W8 O6 w' L+ Y7 K/ qMultiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.
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; M1 K4 ]: r# Z1 S$ F/ g. ?# CIt was the biggest yearly increase recorded in two years. h$ L# F, w5 n! o) x- m+ }
The Greater Vancouver area continued to have the most expensive housing in the country. There, the average home resale was $518,176 in May, up 23.7 per cent from the same month a year ago.1 ^ u8 x8 C1 n( z; d
9 _% H$ U4 |4 HRed-hot Calgary experienced the highest year-over-year increase, with the average price for an existing home climbing 43.6 per cent to $358,214.) K+ l0 K% l* D1 Z
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"Recent price increases are resulting in a growing shortage of lower priced resale home listings in a number of markets," CREA chief economist Gregory Klump noted in a statement./ c( U4 g+ a3 M
; R; n6 D* U& U" g' s; p; `1 P; d"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales."
5 R$ C7 D) m- d" `% r t% NOverall, 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.* d8 y" N+ @* C, q9 B8 M
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Here is a sampling of average MLS home prices in May (with year-over-year changes in brackets): 2 P$ y# W, h) H8 G
) U8 ~4 g& m7 s" @. cCalgary: $358,214 (+43.6%)
( m; Z8 b; ~9 S9 gEdmonton: $242,936 (+22.9%)
" E; E( V# f; s7 MHalifax-Dartmouth: $210,225 (+7.6%) 6 h; V# ^, }' `; U) u
Montreal: $219,433 (+8.2%)
8 t1 c) `1 c1 m* [0 G* {+ ?Ottawa: $260,219 (+4.7%)
% c2 C4 M- w) p) O( J$ U' tQuebec City: $150,324 (+6.9%)
" G# p) S/ p! v) F2 f7 \9 cRegina: $142,147 (+10.3%)
6 B" x) N( z- } k w# X$ X/ ^Saint John, N.B.: $129,844 (+12.3%) ! i6 d- @9 {" ^/ d6 K5 f& R8 f
Saskatoon: $162,279 (+11.5%)
$ k$ l. [" h+ N7 B7 q/ Y1 V: d' KNfld. & Lab.: $133,541 (-1.2%) 4 E& f! a M* K
Thunder Bay, Ont.: $118,804 (-9.0%) ; H' ~( R8 m$ ]
Toronto: $365,537 (+5.5%)
' j+ |: t) ~7 ^& c! nVancouver: $518,176 (+23.7%) # t2 [% ~( F+ g1 i8 U8 y
Winnipeg: $159,801 (+12.5%) / f" Y5 J8 x# F) @
Canada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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