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Average home price tops $300K in major markets
& R, T3 V4 v) \ kLast Updated Wed, 14 Jun 2006 14:05:59 EDT
R1 G, s c6 X* j9 TCBC News </news/credit.html> : p- B" y) e. n# k! C d* U
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.; _5 Y2 s! I3 \
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6 m! M5 ~ D8 ^1 V& D4 p" rHome sales are rising faster than new listings % [/ n, F0 \) F7 D
Multiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.& P& |5 }- S& \
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It was the biggest yearly increase recorded in two years.
& Z9 O4 I. n+ I' KThe 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 $358,214.8 F1 r. k, P! m
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"Recent price increases are resulting in a growing shortage of lower priced resale home listings in a number of markets," CREA chief economist Gregory Klump noted in a statement.( h% e5 Q: |) q3 R7 D
% e$ p' ]' k0 I"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales." 3 ^5 M: p8 L4 h; Y8 ^3 t& r
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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v8 Q G# y$ i: aHere 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%) 4 b) u9 l4 ^6 P2 ]4 G
Edmonton: $242,936 (+22.9%)
n' L, k- s" R) yHalifax-Dartmouth: $210,225 (+7.6%) " S% Q: K- e' g. S
Montreal: $219,433 (+8.2%) 7 I1 h/ o. |' l1 N2 t
Ottawa: $260,219 (+4.7%)
9 |; V0 t* U; _$ p/ p$ ?Quebec City: $150,324 (+6.9%)
) g. b C& P* q r$ q4 LRegina: $142,147 (+10.3%) % e# c- S6 W5 P$ I, C
Saint John, N.B.: $129,844 (+12.3%) - V8 l) x3 L' N1 H$ M$ y
Saskatoon: $162,279 (+11.5%) 6 {. n$ j, W2 d! [4 [) n
Nfld. & Lab.: $133,541 (-1.2%) ( M' x/ N% F" r* o* X" z
Thunder Bay, Ont.: $118,804 (-9.0%)
. C9 Z( r5 [1 D2 l5 b" P/ J$ N) YToronto: $365,537 (+5.5%)
5 |; |2 U) n% x7 P! ZVancouver: $518,176 (+23.7%) / H; R2 ?6 u8 u! I4 [% s2 G
Winnipeg: $159,801 (+12.5%) ' X0 C+ |0 o! e; Y2 {1 m3 ~
Canada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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