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Average home price tops $300K in major markets
# s! Y B E/ jLast Updated Wed, 14 Jun 2006 14:05:59 EDT
% y8 Q# m) `8 y- Q( c, I3 ]; n5 sCBC News </news/credit.html> , t n- T4 }- C$ ]+ @" D, q9 J
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.+ Q& l+ F# i0 M+ o% H" H. P2 G
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1 X( x' G; A7 B) ^+ o gHome sales are rising faster than new listings
9 L' j' W* K w) k( h) z' FMultiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.' x. d% n. C& c- Z1 a
- {4 e3 q7 r8 s$ Z, S* r2 s3 aIt was the biggest yearly increase recorded in two years. * H/ H' o& R3 l- ~2 R2 V2 D- H
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.9 L' \. _1 T/ k0 V
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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 $358,214.
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; s. ^1 B5 n; }$ z- p- z"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.2 t' Y3 `5 o& G! g' c( @
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"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales."
: J1 t( h5 x Q% IOverall, 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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Here is a sampling of average MLS home prices in May (with year-over-year changes in brackets):
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r n* {) R: K, S7 B* M: }Calgary: $358,214 (+43.6%) T7 R( @3 |% _# U6 m9 o. H
Edmonton: $242,936 (+22.9%)
% i5 D: c! N& O, aHalifax-Dartmouth: $210,225 (+7.6%)
2 Z' d1 S6 {3 f7 I; r5 uMontreal: $219,433 (+8.2%) 8 K: Q/ c! O" J
Ottawa: $260,219 (+4.7%)
; _- }* @: X: F0 ~" o* ~9 ]Quebec City: $150,324 (+6.9%)
- R- x1 a2 B# SRegina: $142,147 (+10.3%)
- r8 x- Y& F2 K( n( c2 Y1 W; ySaint John, N.B.: $129,844 (+12.3%) 5 `$ E9 i! @ K+ \# P/ y) f7 e5 i
Saskatoon: $162,279 (+11.5%)
. P2 Y& I0 g% w4 ?Nfld. & Lab.: $133,541 (-1.2%)
9 p% n9 K( ]$ u% e& NThunder Bay, Ont.: $118,804 (-9.0%) / N% b. E( M9 H; b% [ P
Toronto: $365,537 (+5.5%) 6 E/ w$ J, i4 M5 [. `5 H/ m2 s' K
Vancouver: $518,176 (+23.7%)
% Z, n( j% z( Y! \7 N( zWinnipeg: $159,801 (+12.5%) & p2 K& Y/ d6 H' x( L" Y
Canada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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