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Average home price tops $300K in major markets
' M7 N" c2 a, A {8 w8 M1 ]1 H& uLast Updated Wed, 14 Jun 2006 14:05:59 EDT
9 B' }" y( b" X4 { GCBC News </news/credit.html> $ j7 ` J/ i" T8 h9 [7 s/ `
The average sale price of an existing home in 25 of Canada's major markets topped $300,000 in May for the first time ever, according to the latest figures from the Canadian Real Estate Association.
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Home sales are rising faster than new listings
, [. o3 [! Y! K+ B$ `$ K0 v3 M4 eMultiple 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. . w. B' M) K& t( L
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." n9 J- T1 m" a7 [9 j
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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 $358,214.
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4 n3 D# Q3 Q, m! F& D! A"Recent price increases are resulting in a growing shortage of lower priced resale home listings in a number of markets," CREA chief economist Gregory Klump noted in a statement.
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"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales."
' _5 x# t" I+ p0 q, T; lOverall, sales in the country's major markets rose 4.4 per cent to a record 37,460 units in May. On a year-to-date basis, sales activity broke records in 12 cities across the country.
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' u* n) M) J+ X. U6 c# rHere is a sampling of average MLS home prices in May (with year-over-year changes in brackets): , R+ Y2 }" c# a, e4 x
4 o% O' z- q( x$ i, M k9 f, E9 BCalgary: $358,214 (+43.6%)
5 C' |. m) ]) C' xEdmonton: $242,936 (+22.9%) 8 N+ B4 [8 C% \
Halifax-Dartmouth: $210,225 (+7.6%)
7 K2 m$ P- L5 `2 qMontreal: $219,433 (+8.2%) 1 [0 ]9 V0 m: _) w0 _
Ottawa: $260,219 (+4.7%) 7 t9 r5 A$ @% A
Quebec City: $150,324 (+6.9%)
+ w, u7 U0 \" R& R7 G/ _! LRegina: $142,147 (+10.3%)
" v- ?) f' ~ v; w3 z& L& BSaint John, N.B.: $129,844 (+12.3%) - \ L2 ^! r: H" X) C0 o' Y
Saskatoon: $162,279 (+11.5%)
: A# y5 l. M) ]" f( i6 NNfld. & Lab.: $133,541 (-1.2%)
2 a6 `7 u4 T/ P, W, U" ?4 ?# i0 qThunder Bay, Ont.: $118,804 (-9.0%) 8 Q* Y: |) |* H& ?& R& h
Toronto: $365,537 (+5.5%) 6 m# K0 b3 m1 V* l4 M) ]: C
Vancouver: $518,176 (+23.7%)
( s* F6 c0 Y( B0 ]! A3 y4 J6 rWinnipeg: $159,801 (+12.5%) 9 A" S# n# _1 l3 B, F$ K
Canada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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