 鲜花( 19)  鸡蛋( 0)
|
Average home price tops $300K in major markets . |* X O% b# ^
Last Updated Wed, 14 Jun 2006 14:05:59 EDT
8 o. P; m. F# H9 p6 zCBC News </news/credit.html>
! A$ l u! g% VThe average sale price of an existing home in 25 of Canada's major markets topped $300,000 in May for the first time ever, according to the latest figures from the Canadian Real Estate Association.7 \; F) x* M* d) q
! Y& K4 L Q7 o2 j$ L1 q8 x0 D& [# B - {4 D; S, b1 M$ ?" d& j
Home sales are rising faster than new listings
* S& q' W e' L; @Multiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.
[- ^/ w. y/ _. e5 m- S1 ~% H+ T0 l; w; y' ?# h& T( ^
It was the biggest yearly increase recorded in two years. 2 t3 |; u; J' w6 ] R
The Greater Vancouver area continued to have the most expensive housing in the country. There, the average home resale was $518,176 in May, up 23.7 per cent from the same month a year ago.. L$ u$ `8 b9 a) @* ]; W
, _4 L+ B/ N& g3 nRed-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.# v9 x. K+ D& N0 X' u4 o
G! k/ U3 ?) \6 W2 }3 A
"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.
0 U. Y; e) X g* J' ~/ e+ x! m7 r4 n9 _8 Z- [5 s2 S
"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales." $ Z) L) H* w1 A& A* F
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.' I" g7 X j C
. B3 x6 n# ~, }: j+ j( k
Here is a sampling of average MLS home prices in May (with year-over-year changes in brackets):
8 G% f6 x9 O* O" o+ y( x# r, z4 d) ^ t3 R! o x7 I4 j
Calgary: $358,214 (+43.6%) 9 W1 B6 L" I1 w$ T
Edmonton: $242,936 (+22.9%)
3 H% X) ~0 L+ b3 {- XHalifax-Dartmouth: $210,225 (+7.6%) 0 v4 e0 e2 j! n) r4 a
Montreal: $219,433 (+8.2%)
3 C" r/ A2 d- t0 V9 v: KOttawa: $260,219 (+4.7%) - j+ i6 N) s" _% S1 f; s
Quebec City: $150,324 (+6.9%)
2 q2 o' l; I4 z, Z9 [/ nRegina: $142,147 (+10.3%) % x' L5 j: T# _6 }7 s: j- g
Saint John, N.B.: $129,844 (+12.3%) 6 G1 _% H: J$ A4 K, T: a
Saskatoon: $162,279 (+11.5%)
) @+ f& W" y% a, ENfld. & Lab.: $133,541 (-1.2%)
6 Y- D4 [1 p; n& R* M# n$ ]% QThunder Bay, Ont.: $118,804 (-9.0%)
" Q/ Y% I" e( CToronto: $365,537 (+5.5%) B' V( w' j- ^5 G+ u
Vancouver: $518,176 (+23.7%)
0 h. Y9 Z5 Q% |Winnipeg: $159,801 (+12.5%)
( O1 S: f3 O- J+ E' G+ L- }$ j2 ZCanada: $303,836 (+12.9%) |
|