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Average home price tops $300K in major markets 3 r- Z9 ^0 W7 h& s3 p
Last Updated Wed, 14 Jun 2006 14:05:59 EDT
6 c9 H! z& `7 {: gCBC News </news/credit.html>
# r1 t0 c0 b( v& l; m) e; iThe average sale price of an existing home in 25 of Canada's major markets topped $300,000 in May for the first time ever, according to the latest figures from the Canadian Real Estate Association.) u0 {( T2 g$ g+ Z0 T/ j! h) R( X
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Home sales are rising faster than new listings
8 c7 ?& d4 B+ B. Q6 `Multiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.- z. P1 t; T( Y
4 v9 ?3 u s) p7 \) U# Q( XIt was the biggest yearly increase recorded in two years.
! P, K! w2 Y( h4 Y- w) SThe Greater Vancouver area continued to have the most expensive housing in the country. There, the average home resale was $518,176 in May, up 23.7 per cent from the same month a year ago.$ f2 d' K; [. Z2 C5 }' m
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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 $358,214.* T! @: w! f, l- a
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"Recent price increases are resulting in a growing shortage of lower priced resale home listings in a number of markets," CREA chief economist Gregory Klump noted in a statement.
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+ R9 U# F" }2 z& k$ N- P% A"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales." 3 N1 Z5 L( U! U& z/ V4 {: f* P
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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! M9 l9 T6 \# H* n: z) e. g0 p$ [! LHere is a sampling of average MLS home prices in May (with year-over-year changes in brackets): * m1 K+ h& ?' T0 W# _0 A! K
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Calgary: $358,214 (+43.6%)
' Z* z0 `* C, s- Z4 b3 I; m. k. REdmonton: $242,936 (+22.9%)
) D1 d; S' E5 T4 g4 hHalifax-Dartmouth: $210,225 (+7.6%)
* |6 e! K m) F( bMontreal: $219,433 (+8.2%) $ i7 _# Z, j- w
Ottawa: $260,219 (+4.7%)
1 Y4 q& b" L" ~7 R. S: i: I8 xQuebec City: $150,324 (+6.9%) % \( n1 S8 j) b; b- N4 D: M7 t
Regina: $142,147 (+10.3%)
: h% l3 C" k' ]- k- BSaint John, N.B.: $129,844 (+12.3%)
' F; e5 |1 `" `, f- h/ mSaskatoon: $162,279 (+11.5%)
0 f# t, S* j; }2 Z: t' LNfld. & Lab.: $133,541 (-1.2%)
# q7 L. r# O* n7 A R$ Z- E4 JThunder Bay, Ont.: $118,804 (-9.0%) 9 [+ r ?3 H1 C. W. S
Toronto: $365,537 (+5.5%)
& D8 f. U0 q& e( a( X$ N6 c( yVancouver: $518,176 (+23.7%)
% a8 x9 o, n8 ?9 \! Q6 m3 G0 z/ qWinnipeg: $159,801 (+12.5%) . d: S- s: n, j2 ^" q
Canada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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