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Average home price tops $300K in major markets & q, w# Q/ z$ e: b* W
Last Updated Wed, 14 Jun 2006 14:05:59 EDT
Z" ^4 ?/ S3 @& k; L: GCBC News </news/credit.html> . e4 P- v. G2 y* ]8 N' E; }$ o
The average sale price of an existing home in 25 of Canada's major markets topped $300,000 in May for the first time ever, according to the latest figures from the Canadian Real Estate Association.
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`, h8 H3 t0 b6 H3 M! tHome sales are rising faster than new listings
1 Y) s) ^, W$ xMultiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.4 I4 Y4 e7 Y8 U! {% e
# G: P8 L4 C# u3 O) C: `0 n: L7 eIt was the biggest yearly increase recorded in two years.
8 w( C- R1 E/ }* JThe 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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6 F" F& W- L3 n; h6 h5 V2 x: K9 DRed-hot Calgary experienced the highest year-over-year increase, with the average price for an existing home climbing 43.6 per cent to $358,214.
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+ s, `4 s- |/ Y6 _! c. B; j"Recent price increases are resulting in a growing shortage of lower priced resale home listings in a number of markets," CREA chief economist Gregory Klump noted in a statement." E4 ^% z! B0 T* M1 t+ D( L
5 _! e H$ O# x. j3 \"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales."
& G; G# R3 E' x+ COverall, 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.4 d2 D! x' E- l1 Z& G9 \. G( V! P
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Here is a sampling of average MLS home prices in May (with year-over-year changes in brackets): 2 G( m; G* M! S$ k9 B2 d- a
/ P' h& `! F* Q( s$ a+ J0 ^Calgary: $358,214 (+43.6%) # c4 q/ ^( ]- y
Edmonton: $242,936 (+22.9%) ! j: \/ C% [7 d' z2 D. \
Halifax-Dartmouth: $210,225 (+7.6%) ; r: k( H9 u8 r( Y! B& S
Montreal: $219,433 (+8.2%)
; Z+ R5 [9 Z# s/ r$ \/ S; WOttawa: $260,219 (+4.7%)
0 g* V8 W# p5 M& x3 eQuebec City: $150,324 (+6.9%)
5 r; y! q8 s |/ f5 S/ U1 kRegina: $142,147 (+10.3%)
: H8 j) ]0 @; w4 J: \5 sSaint John, N.B.: $129,844 (+12.3%) 9 ]8 ^( Z" U, L; G# q) z! j
Saskatoon: $162,279 (+11.5%) ! y7 B z" `$ E" Y4 R5 S3 S/ w( C
Nfld. & Lab.: $133,541 (-1.2%) 7 D( o! d9 q$ L% v* b
Thunder Bay, Ont.: $118,804 (-9.0%)
0 c0 A4 L1 ]8 ^! D- n4 p2 UToronto: $365,537 (+5.5%)
3 z: h- [+ x$ SVancouver: $518,176 (+23.7%) - T# Q. [- S2 l; Q) F
Winnipeg: $159,801 (+12.5%)
, u, B3 L( C- F7 \* ]* oCanada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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