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Average home price tops $300K in major markets a" K: e& }/ K' N
Last Updated Wed, 14 Jun 2006 14:05:59 EDT
! k6 ]9 H6 s9 _- N0 X; ^. TCBC News </news/credit.html>
5 \6 Y* e' E9 b _/ D/ dThe 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
- `" G* h0 ]5 V' X4 cMultiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.( ]1 Z1 L; F" R" d# w
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It was the biggest yearly increase recorded in two years. 7 ^1 y2 j' u2 z9 V
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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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.6 o4 X; d' `7 [6 d' u( a
4 @ V+ _( i* {3 W* w"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales."
$ D/ V4 s6 I! P+ vOverall, 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.- \, [% O0 e' ^- }, ~4 z$ a4 j
* P% [4 B0 U$ [0 D5 S# q GHere is a sampling of average MLS home prices in May (with year-over-year changes in brackets): . E; C, o% ~) ]& Q, }( A7 n1 R
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Calgary: $358,214 (+43.6%) 7 J; H! g9 A4 ^' b2 P' O p3 e
Edmonton: $242,936 (+22.9%)
3 L+ ^9 ]$ v4 ^Halifax-Dartmouth: $210,225 (+7.6%) $ y+ l5 y' w3 @2 E6 s2 l# s n
Montreal: $219,433 (+8.2%) / d3 K0 d2 {* E% @
Ottawa: $260,219 (+4.7%)
+ v: a3 f0 ^( N: l: F; ^Quebec City: $150,324 (+6.9%) ( ]3 p$ G1 A% ?5 W( {; Z
Regina: $142,147 (+10.3%)
$ l- u8 U' b3 Z: z$ gSaint John, N.B.: $129,844 (+12.3%)
: q& d \7 a; [! _* q. n1 JSaskatoon: $162,279 (+11.5%)
- r( y% a: X: V- tNfld. & Lab.: $133,541 (-1.2%) 6 ]/ a! D8 M0 n, I! q9 G1 u
Thunder Bay, Ont.: $118,804 (-9.0%)
0 r5 [" C" X, ?Toronto: $365,537 (+5.5%)
" m5 v* x) u0 W! RVancouver: $518,176 (+23.7%)
6 m" ]* ?5 k+ s6 {5 j, D7 D3 `2 sWinnipeg: $159,801 (+12.5%)
+ Z+ u: {: m( G' t4 l3 p. }Canada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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