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Average home price tops $300K in major markets 1 a) }$ A; _. a, S( }: g. ]/ w! M' a" n
Last Updated Wed, 14 Jun 2006 14:05:59 EDT
/ J8 ~( T3 e+ o9 T" w! NCBC News </news/credit.html> , O# s5 Q$ S+ U- G8 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.0 ^0 }3 x7 g" \* o+ {2 B
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Home sales are rising faster than new listings
( `8 G' T/ o& s' W" XMultiple 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.
2 M. s y+ e/ X* y' U" G; K# x( GThe 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.: g! i, l% Y; A) i3 E
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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 $358,214.1 n5 W" [5 b% E" \
9 v; F4 v* I& F- s# _# K"Recent price increases are resulting in a growing shortage of lower priced resale home listings in a number of markets," CREA chief economist Gregory Klump noted in a statement.
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"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales."
9 A/ }8 @% q4 @5 d6 ?+ BOverall, sales in the country's major markets rose 4.4 per cent to a record 37,460 units in May. On a year-to-date basis, sales activity broke records in 12 cities across the country.+ k* F( `( A; n, \, R7 f$ b* d
2 f" h, F: w! M, d- HHere is a sampling of average MLS home prices in May (with year-over-year changes in brackets): 7 U+ x% `4 ~7 D/ l( T: Q; m
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Calgary: $358,214 (+43.6%) - ]( o& J! ~+ c7 x* `
Edmonton: $242,936 (+22.9%) $ p+ @* G( o2 p$ Q4 v; q9 b
Halifax-Dartmouth: $210,225 (+7.6%) `1 v/ P. O9 j. z" g. s
Montreal: $219,433 (+8.2%) 9 s: t/ F% g; z
Ottawa: $260,219 (+4.7%) ! Q, z( `4 h9 @# D* v9 A
Quebec City: $150,324 (+6.9%) 7 V6 o: q6 j0 \1 A- ~: t/ a" U6 J
Regina: $142,147 (+10.3%) 5 P: o( N7 |6 z, p6 P5 ^
Saint John, N.B.: $129,844 (+12.3%)
7 I" c1 R( s- G6 H2 H" @- CSaskatoon: $162,279 (+11.5%)
. ]1 c( g8 o! i, s+ ~Nfld. & Lab.: $133,541 (-1.2%) : _" x, I$ q2 H- |/ N) Q
Thunder Bay, Ont.: $118,804 (-9.0%) . R0 Q6 b, R S3 o
Toronto: $365,537 (+5.5%)
2 u! f2 ~) Y! QVancouver: $518,176 (+23.7%) 9 g- l8 c, u' D" ~- c& h. o; P
Winnipeg: $159,801 (+12.5%) 8 I8 @3 J4 i( _- T* h" W# S/ k: W
Canada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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