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Average home price tops $300K in major markets
3 N3 s% K6 w6 M- _Last Updated Wed, 14 Jun 2006 14:05:59 EDT
0 t1 s. ?1 a% H) v6 V# WCBC News </news/credit.html> ( ~% J( M5 |2 }$ ]# W: c
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.% Y' M; @+ _! p4 Z3 A+ L6 ?
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Home sales are rising faster than new listings
% y/ l6 O* P: `+ c/ j6 nMultiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.* G2 u0 m' D- s/ o1 d
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It was the biggest yearly increase recorded in two years. 8 L. l2 b0 [) I* m
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.6 R# m' n* b1 C
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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 $358,214.
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"Recent price increases are resulting in a growing shortage of lower priced resale home listings in a number of markets," CREA chief economist Gregory Klump noted in a statement.
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"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales." ) g( n4 u9 Z9 l- P% t; U& S, u' H% B
Overall, sales in the country's major markets rose 4.4 per cent to a record 37,460 units in May. On a year-to-date basis, sales activity broke records in 12 cities across the country.
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% C8 ?' |! e9 bHere is a sampling of average MLS home prices in May (with year-over-year changes in brackets):
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$ j* R2 F2 ]# G5 GCalgary: $358,214 (+43.6%) 5 x- T) G4 o+ n+ K! e/ |5 _
Edmonton: $242,936 (+22.9%)
$ i; M4 x4 n/ T+ H. s% cHalifax-Dartmouth: $210,225 (+7.6%)
* r% c. M& b! q" b- yMontreal: $219,433 (+8.2%)
- A Y8 F! h8 K) V6 i4 R2 xOttawa: $260,219 (+4.7%)
9 L9 s L; K, A9 U2 E( h$ n2 lQuebec City: $150,324 (+6.9%) + u' R% y$ i- t) }
Regina: $142,147 (+10.3%) 0 J2 G: N4 c ?/ p% P3 r+ y
Saint John, N.B.: $129,844 (+12.3%)
; R4 Z! L1 [7 Y9 W( iSaskatoon: $162,279 (+11.5%) - N# F* z% z: F; q8 Y
Nfld. & Lab.: $133,541 (-1.2%)
^, A6 Z( p( k! iThunder Bay, Ont.: $118,804 (-9.0%)
* ~8 { [0 p0 D9 w- R# lToronto: $365,537 (+5.5%) 2 F! S: J- c1 [6 S7 Y" Y7 p T
Vancouver: $518,176 (+23.7%)
- Y! W& a' l# A( e; s) yWinnipeg: $159,801 (+12.5%)
" v( F7 D: n% N+ P3 hCanada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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