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Average home price tops $300K in major markets / n7 z, b4 u a0 l# F
Last Updated Wed, 14 Jun 2006 14:05:59 EDT
8 t8 ?3 f: ^% L" V* U* B+ ICBC News </news/credit.html> , _% N1 F% n( M/ E1 A" X. K
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.1 {" V- M# U: _7 D
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Home sales are rising faster than new listings
- z8 w2 |' K8 ~% k/ h `Multiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.6 n P) O- Y& G6 A+ g
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It was the biggest yearly increase recorded in two years.
+ p2 b& B/ N& V! j2 ]; 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.# Z( F* p1 L8 T; _! p
6 I0 ?: }, ~) l }2 I( [* C4 WRed-hot Calgary experienced the highest year-over-year increase, with the average price for an existing home climbing 43.6 per cent to $358,214.
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"Recent price increases are resulting in a growing shortage of lower priced resale home listings in a number of markets," CREA chief economist Gregory Klump noted in a statement.! J. q$ W" j' I- E# J/ F
% r* p3 G \: s* u0 B$ D7 x"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales."
, Y& c) ]7 V! ?/ _$ X! B8 s. dOverall, 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.* j* K S2 ~6 I' q6 \
" x3 v( [ ]" c, q( w" dHere is a sampling of average MLS home prices in May (with year-over-year changes in brackets):
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Calgary: $358,214 (+43.6%)
8 t, W! a }3 q$ w. F xEdmonton: $242,936 (+22.9%) ) \0 N0 S4 ?5 \* {) [
Halifax-Dartmouth: $210,225 (+7.6%) ! V- g0 B; r1 T: H% t0 D0 V
Montreal: $219,433 (+8.2%) ( Y8 w0 ^% t( e) N
Ottawa: $260,219 (+4.7%) 2 F, o6 P9 H3 z j. ~
Quebec City: $150,324 (+6.9%) 1 R) u" `5 o$ Y4 X
Regina: $142,147 (+10.3%)
8 [5 ~( f" O) j% l! w- WSaint John, N.B.: $129,844 (+12.3%) 6 q) B4 n& Q! M P' S# d" P9 R
Saskatoon: $162,279 (+11.5%)
' e: ?7 i0 D& v$ `; A9 M+ gNfld. & Lab.: $133,541 (-1.2%)
% P! I j6 |9 j) BThunder Bay, Ont.: $118,804 (-9.0%) 6 w8 V' { N8 y5 D3 H2 i; A. ]( D `3 V
Toronto: $365,537 (+5.5%)
2 Z* a+ G% G/ L" q" FVancouver: $518,176 (+23.7%)
: O1 t* h v8 {' b' FWinnipeg: $159,801 (+12.5%)
. F4 M% r) X/ v8 Z5 ZCanada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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