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Average home price tops $300K in major markets ! _( ], |+ S/ {5 x3 G6 h) ]
Last Updated Wed, 14 Jun 2006 14:05:59 EDT 4 b! p W/ H( U- t2 X! v
CBC News </news/credit.html>
- R, z9 \2 o4 Y nThe 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., M) B0 B4 ] a/ _; ~
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Home sales are rising faster than new listings
( Z( g- z: w4 j& D3 e! iMultiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.$ ?. P4 o% y. ~2 J
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It was the biggest yearly increase recorded in two years.
3 w+ U) n* R7 N% {4 |1 x8 A) ^$ [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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; u# l% \/ u+ e"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." 2 B% [+ R, O- e! `9 D! w: j }
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.0 @) ~% Y# `1 k9 `
0 T6 Z2 y* M& p0 v! UHere is a sampling of average MLS home prices in May (with year-over-year changes in brackets):
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Calgary: $358,214 (+43.6%) : s" V `% w$ }, L. d- q. f' y
Edmonton: $242,936 (+22.9%) L6 V8 j! I7 a$ r" Y, t& e
Halifax-Dartmouth: $210,225 (+7.6%) : J( a; N4 w' [8 s6 h
Montreal: $219,433 (+8.2%) 1 u: K9 z1 _' R/ f9 F
Ottawa: $260,219 (+4.7%) 3 E& k# u4 i/ O. q4 r/ U
Quebec City: $150,324 (+6.9%)
* A8 u9 |4 K) P* l8 yRegina: $142,147 (+10.3%)
$ K2 T$ @' M8 A" ESaint John, N.B.: $129,844 (+12.3%)
, B7 @) ]- H" p7 rSaskatoon: $162,279 (+11.5%)
/ G: k3 _ Y! p+ i9 A zNfld. & Lab.: $133,541 (-1.2%) ! o% q7 g3 T) J% A" b# R/ G
Thunder Bay, Ont.: $118,804 (-9.0%)
& Y! Q8 u% q: x# Z% s+ Y1 JToronto: $365,537 (+5.5%)
8 X0 X) p6 F7 Q& k6 U9 N5 FVancouver: $518,176 (+23.7%)
0 C( {4 h1 t2 nWinnipeg: $159,801 (+12.5%)
9 w8 Y& d: H- L) X& cCanada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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