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Average home price tops $300K in major markets - V5 ? f8 ^/ [* i! Q) H
Last Updated Wed, 14 Jun 2006 14:05:59 EDT
, @2 M: P3 x+ d5 H% k! C UCBC News </news/credit.html>
$ y$ x1 _( z$ i6 @8 p+ TThe average sale price of an existing home in 25 of Canada's major markets topped $300,000 in May for the first time ever, according to the latest figures from the Canadian Real Estate Association.
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Home sales are rising faster than new listings / n H. E$ ^# G% L+ V n* a
Multiple 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.
+ P+ H0 w: r. O0 k5 |4 X; a; LThe 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.; j! q X% x' d% j; K& X# C8 s
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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 $358,214.6 a% l6 J W5 Z/ l& |, J' L' W
1 \7 d) p+ ?- J! f5 h# b"Recent price increases are resulting in a growing shortage of lower priced resale home listings in a number of markets," CREA chief economist Gregory Klump noted in a statement.0 u$ X7 F3 P! L# }
0 k: o2 ?/ ?6 {( Z9 q1 B" L3 _"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales."
: K! i7 u: B/ A2 F5 tOverall, 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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Calgary: $358,214 (+43.6%) # `) g4 X0 p7 u0 e: W
Edmonton: $242,936 (+22.9%) ; t5 w2 p- ? k! h6 G2 b' N
Halifax-Dartmouth: $210,225 (+7.6%) 0 d$ x7 r L/ Z. C% [5 n- I
Montreal: $219,433 (+8.2%)
$ H# O3 \( z' U- z NOttawa: $260,219 (+4.7%)
" J& x4 R$ O, g4 S: R4 S7 p; jQuebec City: $150,324 (+6.9%)
7 A7 T4 e$ j% H yRegina: $142,147 (+10.3%)
+ A5 I5 J5 Y2 V( g6 B# z6 nSaint John, N.B.: $129,844 (+12.3%) $ X6 h0 H; h* v/ u% g& v' |& ?
Saskatoon: $162,279 (+11.5%) ! G v! w2 \! C: O# F; I1 G K
Nfld. & Lab.: $133,541 (-1.2%) . ]3 D! j. s! s6 P" Y) u
Thunder Bay, Ont.: $118,804 (-9.0%)
* K8 V' E( T6 q8 ^) o; i3 iToronto: $365,537 (+5.5%) 2 t$ v- r& |; @
Vancouver: $518,176 (+23.7%) 3 U% p% c) k k2 d8 y
Winnipeg: $159,801 (+12.5%) $ c9 \" N( v8 j5 Y7 B/ r
Canada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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