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Average home price tops $300K in major markets ) S$ T* d' y: G( t1 Y! S% n* A( ]4 t
Last Updated Wed, 14 Jun 2006 14:05:59 EDT
0 c- b4 A7 w$ D3 U ICBC News </news/credit.html>
K$ I9 ~0 G" p( XThe average sale price of an existing home in 25 of Canada's major markets topped $300,000 in May for the first time ever, according to the latest figures from the Canadian Real Estate Association.
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/ q9 s' Y$ x- J* ?% q' dHome sales are rising faster than new listings
2 M, X4 _( P, f5 D# I; v, `% |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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It was the biggest yearly increase recorded in two years.
/ N: N7 _) X8 i- 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.
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X) Y) b# d2 O" TRed-hot Calgary experienced the highest year-over-year increase, with the average price for an existing home climbing 43.6 per cent to $358,214.1 F: ~, M: S" A
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"Recent price increases are resulting in a growing shortage of lower priced resale home listings in a number of markets," CREA chief economist Gregory Klump noted in a statement.% s* K$ D- [* Y: s
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"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales." ; _6 `; r. O, z- e" o
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.
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4 T! |' T U' I! M& x( j+ j, G3 E2 VHere 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%) + O. y% f. i0 A/ z+ _% v/ n/ s
Edmonton: $242,936 (+22.9%)
7 P4 h( E7 h# oHalifax-Dartmouth: $210,225 (+7.6%)
/ n' U- z4 z8 m# n0 J+ t4 H+ xMontreal: $219,433 (+8.2%) ' R, F! A5 v* L6 T9 y. D- }
Ottawa: $260,219 (+4.7%)
. ~- ^* ^; ?7 ?7 j& H C% X0 FQuebec City: $150,324 (+6.9%) 2 b/ n& f# I- E
Regina: $142,147 (+10.3%)
2 ]$ l; y0 _5 L( ~0 w+ XSaint John, N.B.: $129,844 (+12.3%)
' J$ h; A* M/ g' l2 ?+ }& ASaskatoon: $162,279 (+11.5%) : L4 U7 ]# D' v0 Y e
Nfld. & Lab.: $133,541 (-1.2%) 6 `, s0 L- Y; Q2 u9 L3 s9 Q
Thunder Bay, Ont.: $118,804 (-9.0%) - y: G- a5 P4 l3 @: ^3 h
Toronto: $365,537 (+5.5%)
% F* j! J8 ~ q9 Z: l) |Vancouver: $518,176 (+23.7%)
, W( s$ E; L' l! ~' vWinnipeg: $159,801 (+12.5%) ( ~9 J+ j6 [& y; D0 q
Canada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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