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Average home price tops $300K in major markets X/ r ^/ T+ i
Last Updated Wed, 14 Jun 2006 14:05:59 EDT
6 O8 p* |) _# n# y8 \# sCBC News </news/credit.html> : V! N+ R5 n/ R! 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.) B& O6 T" A: T4 x+ K" r6 g
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Home sales are rising faster than new listings
* `. G _3 Z; O0 d* X2 GMultiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.4 x) n! J! h% x
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It was the biggest yearly increase recorded in two years. , w+ E3 ]% \6 B5 E {9 x- f$ h
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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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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. a/ z% {, X& l, t! R% |"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales." 5 E) V* p+ ], t, Q
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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Here is a sampling of average MLS home prices in May (with year-over-year changes in brackets): 8 V( F' p. V+ `: v
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Calgary: $358,214 (+43.6%) 6 w5 k. }0 @3 w" ~+ y: H
Edmonton: $242,936 (+22.9%)
& z* G: l) @; uHalifax-Dartmouth: $210,225 (+7.6%) ) s% N; L& K' q- v. h/ U. D
Montreal: $219,433 (+8.2%) 6 e- h: v, O+ p( ]4 |. Z
Ottawa: $260,219 (+4.7%)
5 @0 j7 f( z4 U8 D/ WQuebec City: $150,324 (+6.9%)
# k8 ]( `" D- V9 ?4 n. z4 i `Regina: $142,147 (+10.3%)
0 u( A l* h2 X3 u: f3 G( _Saint John, N.B.: $129,844 (+12.3%) / s1 x( y5 D# w0 a T$ m6 j1 R
Saskatoon: $162,279 (+11.5%)
1 f& o; ~- `) y5 nNfld. & Lab.: $133,541 (-1.2%) 8 ~2 J+ p3 t/ \; F @* T* y9 ~
Thunder Bay, Ont.: $118,804 (-9.0%) 5 ]# g; T& v: x" j* Z
Toronto: $365,537 (+5.5%)
. G4 O/ g- U( ~6 V3 ` B+ U2 ^Vancouver: $518,176 (+23.7%)
3 C. t8 n1 @5 o. \% L/ n) L1 a3 m( M3 L% DWinnipeg: $159,801 (+12.5%) 6 U/ J; c" t. }/ i4 M: K
Canada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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