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Average home price tops $300K in major markets
# s' I) e3 D+ ?2 i; z0 r& B6 U! K: BLast Updated Wed, 14 Jun 2006 14:05:59 EDT : b+ {( x% Q; I
CBC News </news/credit.html>
) Y1 f; b0 j; p" D# y) t7 x, u6 UThe average sale price of an existing home in 25 of Canada's major markets topped $300,000 in May for the first time ever, according to the latest figures from the Canadian Real Estate Association.4 p! ^/ U/ d0 R" N# |7 Y6 H
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Home sales are rising faster than new listings 3 I$ a* H6 O z5 C! K' d
Multiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005., Z+ p4 {5 Z5 m( Q! M: V
) B/ R" b0 f# q% z3 {7 p$ o" cIt was the biggest yearly increase recorded in two years. # }( h0 Y6 |0 X) k4 A
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.: A5 P" f# C; [* Y- f8 y
L. m# L2 ?% x) a# GRed-hot Calgary experienced the highest year-over-year increase, with the average price for an existing home climbing 43.6 per cent to $358,214.. F, v) r) _+ {+ ]) E
# v. a; O& s, C4 x0 ]5 a% U8 [9 t# J"Recent price increases are resulting in a growing shortage of lower priced resale home listings in a number of markets," CREA chief economist Gregory Klump noted in a statement.
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& A5 C6 Z* E' n) N& E"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales." 9 R6 ?, Y# |; `! r, h0 P: f
Overall, sales in the country's major markets rose 4.4 per cent to a record 37,460 units in May. On a year-to-date basis, sales activity broke records in 12 cities across the country.
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% C8 n k& G, @. yHere is a sampling of average MLS home prices in May (with year-over-year changes in brackets): ! a8 I5 n4 M$ r
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Calgary: $358,214 (+43.6%)
" j6 V5 h. O' o, `/ p1 qEdmonton: $242,936 (+22.9%) 4 S- J; F9 \ ?0 a( ~7 `( b% O7 U
Halifax-Dartmouth: $210,225 (+7.6%) ! I- K+ m. m; B- S4 p
Montreal: $219,433 (+8.2%)
9 E/ I* a: f# _+ D7 v4 {Ottawa: $260,219 (+4.7%)
) A3 Y# ~5 m4 ~7 @1 ^( qQuebec City: $150,324 (+6.9%) 3 S3 ^* K- D3 c" L0 ^4 [+ O: C
Regina: $142,147 (+10.3%)
* I3 }, T( \( ?8 X! I! \: gSaint John, N.B.: $129,844 (+12.3%) 8 }3 |; }, W: K0 P2 H
Saskatoon: $162,279 (+11.5%) + h3 Z$ A$ u, g" @ {
Nfld. & Lab.: $133,541 (-1.2%) . \# Q) z. }1 P" X
Thunder Bay, Ont.: $118,804 (-9.0%) 6 M2 c6 V# y; w+ C# |
Toronto: $365,537 (+5.5%)
9 t6 K6 F1 ]7 U4 r' i& OVancouver: $518,176 (+23.7%)
7 {8 x0 Y" Y$ m# ^' WWinnipeg: $159,801 (+12.5%) : N+ p X, P+ Y. H! z3 O% O _
Canada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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