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Average home price tops $300K in major markets 2 ]0 s$ J; ]0 ]" T
Last Updated Wed, 14 Jun 2006 14:05:59 EDT
* k6 s& g" A& d! [$ x, Y6 FCBC News </news/credit.html> ; \" Z8 [$ e! z
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.
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3 H# o5 b [* ?3 r. k! u! I; I# CHome sales are rising faster than new listings 6 o/ m7 s0 c, x1 S9 L0 n
Multiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.: U1 Y. X2 F/ G
0 M6 C+ b! n; D+ G; ?It was the biggest yearly increase recorded in two years.
( }( S! B% o* c8 t3 X" VThe 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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3 r# x6 P) M8 @4 G: mRed-hot Calgary experienced the highest year-over-year increase, with the average price for an existing home climbing 43.6 per cent to $358,214.
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& h7 G: I+ j$ C3 {"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.: ~8 B( K) r' b& g. `
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"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales."
: @+ y% q0 k8 B2 {" ^7 T2 j- j6 t) ^$ mOverall, 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.; b5 Q& l6 U9 a( A1 v; l" @3 L/ b h
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Here 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%) W& g8 S( Y B2 d0 Q
Edmonton: $242,936 (+22.9%)
# e; e/ B3 ?" p* ^+ [0 \Halifax-Dartmouth: $210,225 (+7.6%) 7 P3 |$ P/ ]% }2 E: _. i
Montreal: $219,433 (+8.2%) & c8 e/ T) N: u, c5 t: a! D4 W, W
Ottawa: $260,219 (+4.7%) c* m# d) u! F; q+ b
Quebec City: $150,324 (+6.9%) % M8 j; V6 @* C% [& H
Regina: $142,147 (+10.3%)
3 p. S. [. d/ T6 OSaint John, N.B.: $129,844 (+12.3%) 3 T% w% j% F5 x. q* b+ h8 F' t) ]3 k
Saskatoon: $162,279 (+11.5%) ; ] I3 m" j0 X. f3 Y- m
Nfld. & Lab.: $133,541 (-1.2%)
! A! |; r6 E2 j6 J& wThunder Bay, Ont.: $118,804 (-9.0%)
2 Q7 \; {8 E1 _& B) f4 r: L7 gToronto: $365,537 (+5.5%)
& ]" T7 V- v# R' iVancouver: $518,176 (+23.7%)
& m& f: v( @( d, SWinnipeg: $159,801 (+12.5%)
. Z! d; U& T6 mCanada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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