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Average home price tops $300K in major markets 5 ^6 }5 T) p/ P9 r( H( x
Last Updated Wed, 14 Jun 2006 14:05:59 EDT
0 b+ s% J& |: y9 z& C# RCBC News </news/credit.html>
9 z' m" h% w) y8 F, B6 t9 MThe average sale price of an existing home in 25 of Canada's major markets topped $300,000 in May for the first time ever, according to the latest figures from the Canadian Real Estate Association.9 Z& Y3 t% p$ a2 y4 Z# e) q, w$ P
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Home sales are rising faster than new listings
; v- s) ^+ w' k0 h, N( r% UMultiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.7 e1 |- W" Z( G
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It was the biggest yearly increase recorded in two years. : z2 \, |# ^ I5 A1 q# H' Z: r
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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, @% Z0 t# W, N1 oRed-hot Calgary experienced the highest year-over-year increase, with the average price for an existing home climbing 43.6 per cent to $358,214.1 n& F% s$ g7 e! N6 c7 E( j
& [- I+ p; H# Q* }9 M% `# ?"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." - e2 [) t: e/ k, ^
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.2 [- J5 `3 f% J/ E# B
3 a9 S/ j) o- z! rHere is a sampling of average MLS home prices in May (with year-over-year changes in brackets): & T5 L1 {( |9 k6 ], i
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Calgary: $358,214 (+43.6%)
& f0 r3 [, P4 W7 X: ?3 j; qEdmonton: $242,936 (+22.9%) * k- M; \5 g0 e# z6 h
Halifax-Dartmouth: $210,225 (+7.6%) - |9 i9 P" u! i0 W+ R% z
Montreal: $219,433 (+8.2%) % q: h* F2 n. Q! [# B
Ottawa: $260,219 (+4.7%)
7 i: z8 Z0 s) P( F6 e% YQuebec City: $150,324 (+6.9%)
, X( d. d- ^6 T3 q" v NRegina: $142,147 (+10.3%)
6 c2 y& E+ F8 BSaint John, N.B.: $129,844 (+12.3%) ! a0 Y1 P) f, ?+ f
Saskatoon: $162,279 (+11.5%) 4 _" w) S* A3 I- D
Nfld. & Lab.: $133,541 (-1.2%) ) V$ x \8 w9 {" }5 k% H* a
Thunder Bay, Ont.: $118,804 (-9.0%) 5 k' E1 K6 U/ u( n- v& l1 n
Toronto: $365,537 (+5.5%) 1 n1 _% Z. [4 [1 c
Vancouver: $518,176 (+23.7%) & E: P2 i! B3 a, Z' z2 E8 N
Winnipeg: $159,801 (+12.5%) , p5 t: l6 {* N/ V8 J& j
Canada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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