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Average home price tops $300K in major markets |! b% z1 m0 B) u, i
Last Updated Wed, 14 Jun 2006 14:05:59 EDT
9 X) y* T3 S- GCBC News </news/credit.html>
' K7 e( n3 |3 hThe 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.- c) d0 S) W& P# }+ P; V. K3 |3 ]
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Home sales are rising faster than new listings " o1 X: U0 |7 A3 P
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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It was the biggest yearly increase recorded in two years.
- v' M/ k9 Z! RThe 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 $358,214.
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"Recent price increases are resulting in a growing shortage of lower priced resale home listings in a number of markets," CREA chief economist Gregory Klump noted in a statement.( |# T" `; }5 L) U i9 l, S
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"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales." 4 ]% [# X% x; K) B$ Z& ~
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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9 Y% g5 d0 T$ T1 \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%) ; L) S) @2 a; t4 Q5 c
Edmonton: $242,936 (+22.9%) 3 m' O' f1 l" g( | q+ t1 {
Halifax-Dartmouth: $210,225 (+7.6%) - e: {) s0 I* w. H, J$ A! ?
Montreal: $219,433 (+8.2%)
# |% F9 M6 H( Z; d& ?7 bOttawa: $260,219 (+4.7%) ( i2 d5 S- Y" j
Quebec City: $150,324 (+6.9%) 5 v4 p6 P! b( E# p) P; C
Regina: $142,147 (+10.3%)
/ N; r5 i& H' B. p) p1 iSaint John, N.B.: $129,844 (+12.3%)
" K _* |4 P! [& vSaskatoon: $162,279 (+11.5%)
& S+ }9 I" t. NNfld. & Lab.: $133,541 (-1.2%)
1 m T1 p" r0 v N% |/ _Thunder Bay, Ont.: $118,804 (-9.0%) ' P+ h% z: h% ?9 v8 A
Toronto: $365,537 (+5.5%)
A0 ~$ K5 I3 @, I5 o# cVancouver: $518,176 (+23.7%)
1 Q1 t# K: {7 _" x, NWinnipeg: $159,801 (+12.5%) 8 c! s! [5 n, f) ~2 K
Canada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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