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Average home price tops $300K in major markets : s5 H4 h- J3 {4 R3 C7 `/ W
Last Updated Wed, 14 Jun 2006 14:05:59 EDT
% V( q4 w, y8 X8 ~CBC News </news/credit.html>
/ G1 m. H: i8 dThe average sale price of an existing home in 25 of Canada's major markets topped $300,000 in May for the first time ever, according to the latest figures from the Canadian Real Estate Association.
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" E4 t4 X% J8 Y; xHome sales are rising faster than new listings 0 B5 \, D: T7 M$ O% [+ _+ c2 b
Multiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.3 y D* a7 \1 G! W: T+ D+ O
# A% {) Q T" N0 O& o3 V7 {, HIt was the biggest yearly increase recorded in two years.
" W; V* ^: c0 ~) mThe Greater Vancouver area continued to have the most expensive housing in the country. There, the average home resale was $518,176 in May, up 23.7 per cent from the same month a year ago.4 w6 a/ w* H; N3 G) s$ N- N4 h1 y
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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 $358,214.
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$ V$ R( n9 P 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 w: j1 p6 F9 E8 `. POverall, 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.- |: }* V* D' x+ [
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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%) 1 R% K. a2 G# Z6 n4 Z+ i1 \! w; G
Edmonton: $242,936 (+22.9%)
" v( I& H" U5 W8 @& KHalifax-Dartmouth: $210,225 (+7.6%)
. q8 e* Y% F4 B2 j# O* [Montreal: $219,433 (+8.2%)
* S+ z8 T) a- y( }Ottawa: $260,219 (+4.7%) 4 X# @6 `$ W. W2 p. H
Quebec City: $150,324 (+6.9%) # ~; d8 B4 l; Z. }
Regina: $142,147 (+10.3%) # n) ]7 k! Z3 V# U
Saint John, N.B.: $129,844 (+12.3%) 1 Q. r9 ~( M& x5 S0 K
Saskatoon: $162,279 (+11.5%) 9 ~1 V' p* K* T' h. n
Nfld. & Lab.: $133,541 (-1.2%) 0 S+ C' \/ b4 C# V1 v$ n
Thunder Bay, Ont.: $118,804 (-9.0%) % a% x' W0 K# o: U0 O$ ~: n
Toronto: $365,537 (+5.5%)
0 n# }( L0 T0 X- x' g8 d. mVancouver: $518,176 (+23.7%) ! {3 T" }4 T8 ~+ `3 n
Winnipeg: $159,801 (+12.5%) ( Q4 A, Z' F+ A1 h7 g! o
Canada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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