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Average home price tops $300K in major markets : M4 {. Y' ^; p8 b
Last Updated Wed, 14 Jun 2006 14:05:59 EDT 0 K* E, x( h. ?: h& m
CBC News </news/credit.html>
; }( N5 s% D, t1 I% }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.
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) `! I- H% f) ]! d \Home sales are rising faster than new listings 3 I: \' `* A0 e; R
Multiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.
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4 K" z. X8 W+ T: ?& dIt was the biggest yearly increase recorded in two years.
3 B# ^ w: h* @; J! D9 ~7 K$ D. ~The Greater Vancouver area continued to have the most expensive housing in the country. There, the average home resale was $518,176 in May, up 23.7 per cent from the same month a year ago.
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0 q' D$ V* M; A+ uRed-hot Calgary experienced the highest year-over-year increase, with the average price for an existing home climbing 43.6 per cent to $358,214.
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) h8 ]4 e* a( _& p, s7 E"Recent price increases are resulting in a growing shortage of lower priced resale home listings in a number of markets," CREA chief economist Gregory Klump noted in a statement.
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"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales."
7 q" r$ U$ Y b/ d# NOverall, 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.5 G2 E2 R2 x8 t2 y0 w
/ C, q" ]" X1 f# w3 l6 V' p: d% f8 c% @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%) ; d- I7 \2 v" I9 c
Edmonton: $242,936 (+22.9%)
: z! X1 X9 k6 DHalifax-Dartmouth: $210,225 (+7.6%)
" m0 M+ T/ w. ]9 ]+ g! UMontreal: $219,433 (+8.2%) - l3 k% f& j7 T% U/ j/ p4 n+ u( N& a
Ottawa: $260,219 (+4.7%) . g3 k* z' i* F6 r; k# B4 K
Quebec City: $150,324 (+6.9%) 6 f- c A- H% L# o
Regina: $142,147 (+10.3%)
7 i9 A7 u+ g3 K; pSaint John, N.B.: $129,844 (+12.3%)
Y% A" w9 [; GSaskatoon: $162,279 (+11.5%) ! _9 S) \* w. W/ D, F
Nfld. & Lab.: $133,541 (-1.2%) ; e6 u+ k6 |$ h# i) q9 q" C3 C- f. b
Thunder Bay, Ont.: $118,804 (-9.0%) 8 O; p0 p1 H4 N$ w' {) w; e) Q
Toronto: $365,537 (+5.5%)
4 l" `' V$ u5 xVancouver: $518,176 (+23.7%)
! Z+ a5 L) `9 z) o; QWinnipeg: $159,801 (+12.5%)
9 V, o, V" K4 k+ ACanada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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