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Canadian home sales slide 15% in October

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发表于 2008-11-14 11:16 | 显示全部楼层 |阅读模式
老杨团队,追求完美;客户至上,服务到位!
A slowdown in some of the country's most expensive cities for housing continues to drag down the average sale price of a home in Canada, the Canadian Real Estate Association said.3 T- q5 u5 k! V1 V, ]3 |

- t) p# |- c* q6 \( t0 ZThe average sale price of a home last month was $281,133, a 9.9% decline from a year ago. It's the fifth straight month that prices have fallen in the country's major markets on a year over year basis, and each month the percentage decline has increased.0 x* S* {% k* c, v/ K

# F2 t$ j- p- j$ a* RSales also continue to decline across the country. In major markets, sales in October were down 15.1% from September. The 32,046 sales in October for the entire country were the lowest monthly level since July, 2002.
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1 ^* s! W& ?; ^) ^9 @"The breadth and depth of the drop in MLS activity suggests a major downshift in consumers psychology," said Gregory Klump, chief economist CREA. "That has moved many homebuyers to the sidelines until economic news begins to improve.") j  {8 y; E: Q7 J
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CREA said activity was down in 75% of the Canadian markets it surveys, including the five most active, Toronto, Montreal, Vancouver, Calgary and Edmonton. Toronto accounted for one third of the decline in the national sales figure.4 @. i0 u" K/ e  V9 a! t
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"Many homebuyers across Canada battened down the hatches in October as they were concerned with dire headlines about stock market volatility and a global economic downturn," said Mr. Klump.; U' n& g( S3 N

$ P1 h, O! V, L/ _, {  m" b1 HHe said the government's tougher restrictions on home buying played into the decline. New rules that came into effect last month have forced consumers to have at least 5% down on any home purchase. Mortgages can also be amortized over 35 years, down from 40 years, making for a larger monthly payment.3 o" u4 A+ j7 ]  |9 s% D8 S

7 n8 K' E4 u( p& UThe market is expected to get some relief from the fact that new listings are expected to decline, Mr. Klump says.  H0 C2 N6 _1 S9 x9 W- [1 [

8 B9 @3 g+ J0 G( M  e& b6 uCREA president Calvin Lindberg said consumer confidence has not been this low since the mid-1990s. "The major drop in consumer and a steady stream of economic bad news from the financial markets is taking its toll on the national housing market," he said.
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, N  H: Z# v5 {* g+ Q7 XThe association pointed out a decline in housing is bad news for the overall economy, saying spin off spending from MLS transaction is about $15.3-billion per year when you include moving and renovation costs and the purchase of new furniture and appliances.
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发表于 2008-11-14 11:20 | 显示全部楼层
好题如顶顶
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发表于 2008-11-14 12:02 | 显示全部楼层
地产协会这回是认衰了。9月份的时候嘴还很硬啊。
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发表于 2008-11-14 12:03 | 显示全部楼层
老杨团队 追求完美
原帖由 CO2 于 2008-11-14 12:02 发表 2 k. q7 r9 T/ [& S: `6 v- l
地产协会这回是认衰了。9月份的时候嘴还很硬啊。

9 t) q; P* h" h8 v" i嘴硬没用
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发表于 2008-11-14 17:05 | 显示全部楼层
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