 鲜花( 19)  鸡蛋( 0)
|
Average home price tops $300K in major markets
3 R, [) T7 w) }9 K* I, BLast Updated Wed, 14 Jun 2006 14:05:59 EDT ) E8 e) C. h) r9 j
CBC News </news/credit.html> ) K U# x' M& r' ~9 s
The average sale price of an existing home in 25 of Canada's major markets topped $300,000 in May for the first time ever, according to the latest figures from the Canadian Real Estate Association.
, G) B9 U( R7 o! \5 r2 v/ s# C1 X" Z3 @; @/ F' f1 P6 Q
& `- Q C( J1 W( E; m$ M1 Y: cHome sales are rising faster than new listings
4 }5 R+ Y) x) _1 Z# N2 lMultiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.. [( M/ D. j& ?! y6 A
$ T2 b; e+ X% M+ y* B; y# ^
It was the biggest yearly increase recorded in two years. 3 a3 M j5 z8 B! G' T; _+ N# u' }
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.9 V0 e. ^5 f+ W+ b3 g1 l5 d
$ s" B$ k8 j7 U3 h4 z$ x
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.
. w* {2 M! b' S# Q! e9 s+ c! y W' q- w% P
"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.
% v; b9 F D1 d8 s7 `5 M
7 |0 R4 c" R) S; f& B8 b"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales." 6 h2 k6 i+ n5 `1 T3 p
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.
6 W; ?/ d0 s4 z5 H
4 E+ u" ]7 z* Q5 AHere is a sampling of average MLS home prices in May (with year-over-year changes in brackets):
# ~& r# @: h0 h/ P3 k3 z! M
& k6 w: m1 o! a5 l) M5 fCalgary: $358,214 (+43.6%)
* W K6 n! P; w4 N+ U* ?$ IEdmonton: $242,936 (+22.9%)
8 o& n W, R% s" E8 n* g7 xHalifax-Dartmouth: $210,225 (+7.6%) ) E7 G% a4 @+ ?- {" @: O/ }5 u
Montreal: $219,433 (+8.2%) 9 h m; k) \' `, n$ R3 c
Ottawa: $260,219 (+4.7%) & {$ D' F* S. e9 t+ K1 n4 a+ |
Quebec City: $150,324 (+6.9%) : H/ j3 f" @ x0 _/ L
Regina: $142,147 (+10.3%)
' J- f0 h- S0 }/ dSaint John, N.B.: $129,844 (+12.3%)
( z! r- H* H/ X: |8 h9 m/ H& e0 L! dSaskatoon: $162,279 (+11.5%) . G. P' X3 O$ {: |1 f5 h
Nfld. & Lab.: $133,541 (-1.2%)
% g8 y4 P6 s0 @) fThunder Bay, Ont.: $118,804 (-9.0%)
, y' h; ] k0 y$ L( E: tToronto: $365,537 (+5.5%) ; c& O1 L4 o% d6 a4 d# F3 X
Vancouver: $518,176 (+23.7%) 0 u" n. F6 n: x0 I6 k5 X2 J
Winnipeg: $159,801 (+12.5%)
( j3 D) S+ F$ _1 I) GCanada: $303,836 (+12.9%) |
|