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Average home price tops $300K in major markets
! P+ g' b$ y' @5 y9 lLast Updated Wed, 14 Jun 2006 14:05:59 EDT 3 ^2 ^: g6 A$ G
CBC News </news/credit.html> 4 b7 T! N# |4 X7 L6 @
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 7 |" `& q8 i' S/ A+ q; s: j; C
Multiple 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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% y. C+ I# k4 _% n0 r; w/ @/ jIt was the biggest yearly increase recorded in two years. " G& ]; T9 a% Z+ ]8 Y; T* W
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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* c; Z7 R" P( V8 U: HRed-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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" b e0 q& s1 p; F0 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.( z0 A6 J6 o3 p3 V/ A. J
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"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales."
% S1 _0 r" R/ _" o- L5 hOverall, 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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" k# W! t* c3 L- UCalgary: $358,214 (+43.6%) 8 I: G* D. X, l0 \7 K$ k2 _6 }1 ~0 E( {
Edmonton: $242,936 (+22.9%) . @$ J9 N* S. l- d2 p
Halifax-Dartmouth: $210,225 (+7.6%)
2 K- l, y3 P8 | uMontreal: $219,433 (+8.2%) : x% `! K/ @! G3 C9 o, [( k
Ottawa: $260,219 (+4.7%) + o- n8 [/ N9 \* M* P& Z
Quebec City: $150,324 (+6.9%)
2 J0 ~% T4 M5 p; t: H$ o+ jRegina: $142,147 (+10.3%)
2 _; _* S/ V# p. Q9 Z' }Saint John, N.B.: $129,844 (+12.3%) : i6 Q( W) W' }- `' ^) h6 o
Saskatoon: $162,279 (+11.5%)
9 L S1 F) _2 p+ gNfld. & Lab.: $133,541 (-1.2%) 4 O/ n. {0 d$ m8 ^2 \" W
Thunder Bay, Ont.: $118,804 (-9.0%)
! S) R8 b0 _% e8 b2 @Toronto: $365,537 (+5.5%)
2 F: b7 t. A3 d! a2 wVancouver: $518,176 (+23.7%)
/ q0 W' L3 I' m! m* o& _ ?Winnipeg: $159,801 (+12.5%)
+ D3 c) Z) F' c# @* P! SCanada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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