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Average home price tops $300K in major markets ' Q/ @- ?) F) [' h$ M4 z
Last Updated Wed, 14 Jun 2006 14:05:59 EDT
: f& r7 e% P( u% d: |CBC News </news/credit.html> ' x7 K: n( }& W7 ]2 A1 G
The average sale price of an existing home in 25 of Canada's major markets topped $300,000 in May for the first time ever, according to the latest figures from the Canadian Real Estate Association.
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' B& i3 J$ v6 `" @9 NHome sales are rising faster than new listings 2 S {, e$ }- B5 E& L* g( q8 U
Multiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.3 [3 s0 q; K; c3 q6 b% w$ |6 {
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It was the biggest yearly increase recorded in two years. % Z$ j' J. J* a7 V( ?/ Y/ 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.& m& A2 S* E& f0 I& E! P& U
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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 $358,214.
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"Recent price increases are resulting in a growing shortage of lower priced resale home listings in a number of markets," CREA chief economist Gregory Klump noted in a statement.9 @) I6 N) O, g" F8 }/ `$ X
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"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales." & E) B0 s/ C# |; M( |% |* }
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 Y/ ]8 ]! O* z" ^5 q+ rHere is a sampling of average MLS home prices in May (with year-over-year changes in brackets):
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3 X, P' h. t/ F7 }Calgary: $358,214 (+43.6%)
$ B3 R/ q# M) c2 c( |& `. dEdmonton: $242,936 (+22.9%) ! T. D3 v1 `3 \1 L7 f% D) H
Halifax-Dartmouth: $210,225 (+7.6%) * L$ k8 X0 i+ \- A1 y/ i. ?. R& C
Montreal: $219,433 (+8.2%)
! c/ `# l" q1 ^' X4 w4 aOttawa: $260,219 (+4.7%)
( M. k u6 s* w: v# F! Z! r5 pQuebec City: $150,324 (+6.9%) 8 v' `; C/ |' e! G" P
Regina: $142,147 (+10.3%)
9 i5 I( L+ r$ D% j- a, [3 H: K {& HSaint John, N.B.: $129,844 (+12.3%) 8 r! N) u5 I; m' C$ D
Saskatoon: $162,279 (+11.5%) ; c, `9 O# \5 p1 ]4 N* F1 i
Nfld. & Lab.: $133,541 (-1.2%) ; F. t2 a; Y2 B% _% c7 _# F0 r
Thunder Bay, Ont.: $118,804 (-9.0%)
J E1 _% D6 Y" D- X) C4 e/ ]( OToronto: $365,537 (+5.5%) ) W r# E0 n+ G9 C9 q# i
Vancouver: $518,176 (+23.7%)
* `8 K: Z3 A2 l+ e8 WWinnipeg: $159,801 (+12.5%) $ N' W- }- L, Z1 m5 S! J
Canada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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