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Average home price tops $300K in major markets # E. \: |. X- L( `
Last Updated Wed, 14 Jun 2006 14:05:59 EDT
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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
/ t: I+ R+ R: u% OMultiple 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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It was the biggest yearly increase recorded in two years.
* J0 Q, G( ]+ j% P' aThe 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.+ D/ h/ D# c- l0 P" Q8 l) o
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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 $358,214.
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"Recent price increases are resulting in a growing shortage of lower priced resale home listings in a number of markets," CREA chief economist Gregory Klump noted in a statement.
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! A. o) V3 c: h7 G"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales."
! Q# s9 g9 j' l$ V8 C# a, g7 h9 kOverall, 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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9 p+ L) D0 |2 [$ l3 bHere is a sampling of average MLS home prices in May (with year-over-year changes in brackets):
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Calgary: $358,214 (+43.6%) & t8 G9 D8 H% G# u$ K
Edmonton: $242,936 (+22.9%) 4 H% M+ e. G9 e# ?9 z
Halifax-Dartmouth: $210,225 (+7.6%) 8 c' j A' @+ G! a$ e" ~: {
Montreal: $219,433 (+8.2%)
' V" p% E$ Y1 A7 a J4 [! kOttawa: $260,219 (+4.7%)
1 ` q9 G7 Q) N, t1 CQuebec City: $150,324 (+6.9%)
" z% T$ D4 |8 u+ c* Z6 aRegina: $142,147 (+10.3%)
' x3 ?+ j8 ~4 I, q- {- P6 zSaint John, N.B.: $129,844 (+12.3%) # Q; u4 E0 u. S% ~
Saskatoon: $162,279 (+11.5%)
9 P- n* ~& }& D/ j5 INfld. & Lab.: $133,541 (-1.2%)
k, Q: T! o+ G& I7 y j# V+ xThunder Bay, Ont.: $118,804 (-9.0%) 1 X! L9 v4 l* K* C; Y% [
Toronto: $365,537 (+5.5%) ( u) m% J' D: r4 |4 ?; R
Vancouver: $518,176 (+23.7%) ( a& L. i7 y6 J ] i
Winnipeg: $159,801 (+12.5%) 8 z- U; z+ o" F' }3 H
Canada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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