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Average home price tops $300K in major markets
- o# o D" z m GLast Updated Wed, 14 Jun 2006 14:05:59 EDT / v3 s+ W# G/ r$ B# A, n
CBC News </news/credit.html> _6 n/ Z, e6 \! j6 Y( F' Q0 }" O' r
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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Home sales are rising faster than new listings
; P- z& N% M! X' R2 {+ X5 bMultiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.
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+ d6 i( Y i9 G4 s( vIt was the biggest yearly increase recorded in two years.
# i% ] L r& Z2 Z( {2 _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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"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales." $ F% T5 N; p6 z8 J# R5 K9 S
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): ) W v$ \% S' _# r. m6 \/ z+ ]$ j! Z
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Calgary: $358,214 (+43.6%) ) q- a1 G4 j' [( E e# \
Edmonton: $242,936 (+22.9%)
% U: g- }. k9 R. v3 B' WHalifax-Dartmouth: $210,225 (+7.6%)
3 e) S9 i. @3 W& O1 n$ SMontreal: $219,433 (+8.2%)
6 p5 Z4 r5 [: S/ IOttawa: $260,219 (+4.7%)
5 i& U# S/ K% ?. W7 ^) s5 QQuebec City: $150,324 (+6.9%)
% v, d q1 l+ m8 z L$ y* X& zRegina: $142,147 (+10.3%)
* X. ?) l/ s/ i( h, B) X- mSaint John, N.B.: $129,844 (+12.3%)
6 h$ a' v N- ~3 pSaskatoon: $162,279 (+11.5%)
+ G& b9 `4 r! y( O1 X* a' d3 FNfld. & Lab.: $133,541 (-1.2%)
3 G6 _, p$ J% I' b1 ?7 I9 {1 P$ {Thunder Bay, Ont.: $118,804 (-9.0%) 3 \% {0 l% c& _# N, s+ J$ W
Toronto: $365,537 (+5.5%)
2 y9 Y6 y2 v0 ` |! bVancouver: $518,176 (+23.7%)
2 o" }0 `5 M8 y! r5 ?* c/ n$ iWinnipeg: $159,801 (+12.5%) + }& O8 j R5 h/ r& j
Canada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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