 鲜花( 19)  鸡蛋( 0)
|
Average home price tops $300K in major markets : k3 f7 F1 t' i% h2 T
Last Updated Wed, 14 Jun 2006 14:05:59 EDT . B5 Y, ]3 V- V; o0 F$ w" A% a
CBC News </news/credit.html>
1 V0 m! m7 x. `# d) O& B" 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.5 V% N# J. G& O9 }# ^
7 {+ H) Y- [4 z! C7 o7 C
- I* d; ]# F" {. p6 z+ b. BHome sales are rising faster than new listings
5 _' ^9 U. S N3 F2 L3 fMultiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.
; w7 l2 P. O1 v# s9 C" O% y/ d# V& s: q0 t) ]% Q
It was the biggest yearly increase recorded in two years. 5 a: P& E6 h) w% n# a; p7 {
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.0 p; G) F7 Q" P6 L' n! _
, X- C' J O, J+ B) E
Red-hot Calgary experienced the highest year-over-year increase, with the average price for an existing home climbing 43.6 per cent to $358,214.
4 c# t( ]) w; C! h6 k' V
. O$ Y3 _1 L7 f# A( j) q"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.
* Z0 \0 Q8 F9 x7 M5 |5 g7 m$ q: w) ]. z1 G/ T9 {
"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales." " k5 z. K. V, h5 n" z2 @ \$ W
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.. b- U& O$ P7 a- c- h' i
8 V5 I0 ~/ T o4 S# O' VHere is a sampling of average MLS home prices in May (with year-over-year changes in brackets):
. E. R+ I6 ]( B- D/ a+ |, |
* j. C( O9 w" G9 g' k5 x7 W/ \, LCalgary: $358,214 (+43.6%)
4 {! o1 @% G! U5 \+ ^5 K. p+ kEdmonton: $242,936 (+22.9%) - l4 Q# w" W4 d5 h5 N; O
Halifax-Dartmouth: $210,225 (+7.6%)
( W& _; B1 t, \' H" ^Montreal: $219,433 (+8.2%) 4 {3 w7 G( A+ h1 m/ A
Ottawa: $260,219 (+4.7%) " K/ E# k! ]) ?
Quebec City: $150,324 (+6.9%)
: c7 I7 O* v) q6 g1 m5 c: URegina: $142,147 (+10.3%) 5 Y9 u" x- u& {9 I
Saint John, N.B.: $129,844 (+12.3%)
2 Z* J7 K1 Y; A3 U3 d r+ w" ASaskatoon: $162,279 (+11.5%)
+ u5 N4 `# F- {6 rNfld. & Lab.: $133,541 (-1.2%) + F: L# r L4 m
Thunder Bay, Ont.: $118,804 (-9.0%) . g9 L. E2 y# K: I
Toronto: $365,537 (+5.5%)
6 Y* h/ C) @- q1 ~' } GVancouver: $518,176 (+23.7%)
7 u1 Z- U4 w" g4 Q7 ] u7 sWinnipeg: $159,801 (+12.5%)
: l7 c. k# |5 X# Q+ d8 [Canada: $303,836 (+12.9%) |
|