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Average home price tops $300K in major markets
# n9 i! r3 [' K; b( q, SLast Updated Wed, 14 Jun 2006 14:05:59 EDT
5 W" P. d' i5 `" c" |; TCBC News </news/credit.html> # a+ K6 K# K8 D @4 y, G9 l
The average sale price of an existing home in 25 of Canada's major markets topped $300,000 in May for the first time ever, according to the latest figures from the Canadian Real Estate Association.
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. ]5 W0 j, S0 E; ^, G7 qHome sales are rising faster than new listings
) Y5 {9 j$ P/ a* [; m( \. E. P0 nMultiple 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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! v+ b1 S) J6 V6 J7 BIt was the biggest yearly increase recorded in two years.
/ Q/ ^: ?/ O" i5 I" L1 lThe 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.! U5 m; x4 @5 R( ~
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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 $358,214.. F: r N! q6 A% Y( q u: r2 W
) S0 p% ]/ ^$ k"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.' u- r \4 Q& g# y8 _9 f
: A. E! d L5 J' H( N0 o# t"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales." + l. k; M1 w& Z* {
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.' n. A5 A$ {: Z
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Here is a sampling of average MLS home prices in May (with year-over-year changes in brackets): % D, L# f- b, h" E7 O
7 O5 } s5 V4 q! P/ m+ f' {Calgary: $358,214 (+43.6%)
2 Z8 C0 p1 g* d; u1 [" S# fEdmonton: $242,936 (+22.9%) ) X+ j, f4 t6 I! w) W6 s8 Z) C
Halifax-Dartmouth: $210,225 (+7.6%) 7 d9 R2 T, ?( g* ~: r" w3 [* M
Montreal: $219,433 (+8.2%) 8 {" p0 [7 ]% E3 r
Ottawa: $260,219 (+4.7%)
* \, Z% U# P6 G0 `; W7 sQuebec City: $150,324 (+6.9%) 0 t7 K2 }- r* D5 _0 R8 R
Regina: $142,147 (+10.3%)
: f, e' ]6 ?* {3 C( `# m8 e0 @/ NSaint John, N.B.: $129,844 (+12.3%) . p8 F# u& L6 y- o5 o- k
Saskatoon: $162,279 (+11.5%)
( K. I1 s L# w. n9 g7 `Nfld. & Lab.: $133,541 (-1.2%)
' R7 y' Y# Z1 p5 ~Thunder Bay, Ont.: $118,804 (-9.0%)
* Z1 w% l. l( X: {4 F9 YToronto: $365,537 (+5.5%)
$ U3 c. Z8 H( D) o0 vVancouver: $518,176 (+23.7%) ' r( ^% ^4 O y% [9 c, x
Winnipeg: $159,801 (+12.5%) ; p2 `# `( r m. L6 {
Canada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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