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Average home price tops $300K in major markets
9 h! m7 \* C6 T! M; ~1 x; YLast Updated Wed, 14 Jun 2006 14:05:59 EDT 7 o8 `. j- k$ _& q$ u2 c) W
CBC News </news/credit.html> % a6 f, P9 u# t
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./ d9 A# W& Q5 R/ y# r' [
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Home sales are rising faster than new listings " v4 @+ ~1 L# F, r
Multiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.+ F& D# \- V: m* {% r5 A3 @& q% Q
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It was the biggest yearly increase recorded in two years.
( M% M- h- X1 X9 R- |* o' g3 BThe 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 $358,214.* x4 p. K% @% Q3 s
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"Recent price increases are resulting in a growing shortage of lower priced resale home listings in a number of markets," CREA chief economist Gregory Klump noted in a statement.! f2 M7 S) y* Z% `$ o
0 {% P4 k7 w. z"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales."
+ q) {: s! l( B. F/ I0 uOverall, 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):
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6 ^; S$ O2 f! X& o. eCalgary: $358,214 (+43.6%)
- Q! f: f- A9 N# c5 q* `, ]Edmonton: $242,936 (+22.9%) ) Y( Z) Y, ]0 f; @
Halifax-Dartmouth: $210,225 (+7.6%) + |4 I* |2 b& F0 k
Montreal: $219,433 (+8.2%) 3 e9 c* u" u% j% ^+ y
Ottawa: $260,219 (+4.7%) + o: I1 p0 Y5 c3 h5 j( q" c
Quebec City: $150,324 (+6.9%) + W& B6 E }2 p7 u
Regina: $142,147 (+10.3%)
+ w3 H8 d, T( A* D3 _* g# d* OSaint John, N.B.: $129,844 (+12.3%) ' l7 r% a7 ?% \% `# k4 H
Saskatoon: $162,279 (+11.5%) ' w% i7 P& A$ I/ m$ g( R3 L' Y) E$ b
Nfld. & Lab.: $133,541 (-1.2%)
5 }8 R2 D$ G8 [- r6 t1 q& F3 iThunder Bay, Ont.: $118,804 (-9.0%) . g8 q4 G- {- Z$ T: i ?
Toronto: $365,537 (+5.5%) / A, F i, k3 Y6 Q
Vancouver: $518,176 (+23.7%) * n6 [1 [& F+ ]' s( a
Winnipeg: $159,801 (+12.5%)
; i" \" ^6 P% p9 R" G& CCanada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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