鲜花( 19) 鸡蛋( 0)
|
Average home price tops $300K in major markets
( e! v. @3 s- u( j$ ~, |. rLast Updated Wed, 14 Jun 2006 14:05:59 EDT $ g% B% n" C, Y( c I6 ?) D
CBC News </news/credit.html>
4 k! t' |% k3 J% e: Q3 _7 CThe average sale price of an existing home in 25 of Canada's major markets topped $300,000 in May for the first time ever, according to the latest figures from the Canadian Real Estate Association.
* b- ? L# t& R2 m$ @* |# L0 J) q* |+ u( q# r% v8 u
0 J; X7 i' `- ~5 eHome sales are rising faster than new listings 0 I# S0 r; v- A
Multiple Listing Service (MLS) figures show that the average home sold for a record $303,836, up 12.9 per cent from May 2005.) z0 x$ c0 r: W# \5 @8 b
0 w: d( Z( g" ]
It was the biggest yearly increase recorded in two years. , [6 N7 h- C+ }8 x, r
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.1 C# M9 a: H9 {+ k1 U4 ?) f1 g
* L8 F1 \1 g+ ~! L
Red-hot Calgary experienced the highest year-over-year increase, with the average price for an existing home climbing 43.6 per cent to $358,214.2 V* W3 R: u$ c: h! V$ L5 E c8 ]/ Z# I' u, e
+ w0 M3 w9 ~( E2 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.
+ q/ v# T! @1 _: M% {; I$ L9 d: M' W4 s) p
"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales." 5 W9 W- \/ F+ a9 q. Y
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.
, u4 s7 J) p5 |( k! W
/ p0 y' z- g6 u) k! r8 p" _ zHere is a sampling of average MLS home prices in May (with year-over-year changes in brackets): 9 i4 l" {# h- ?8 T- y" I+ G2 T
/ _8 a4 `6 k( o7 ~9 R; y& NCalgary: $358,214 (+43.6%) # ^& @1 N$ ~* b
Edmonton: $242,936 (+22.9%)
5 t2 I' D8 z0 A1 `# rHalifax-Dartmouth: $210,225 (+7.6%) 5 Y% z3 x. i0 p1 E8 [* G) |: m
Montreal: $219,433 (+8.2%)
7 r& J3 u' I8 K4 {Ottawa: $260,219 (+4.7%) ; U" D" k0 K' Y6 G
Quebec City: $150,324 (+6.9%)
7 \- {# E! ~+ W4 r, _3 ^Regina: $142,147 (+10.3%)
* @ ^7 d/ j R. Z: JSaint John, N.B.: $129,844 (+12.3%)
+ n: c* q4 [& F9 V1 _6 F3 R9 ZSaskatoon: $162,279 (+11.5%)
+ P' n/ H2 E0 jNfld. & Lab.: $133,541 (-1.2%) + i! D( [$ U( }6 x8 d8 n
Thunder Bay, Ont.: $118,804 (-9.0%) : b, H ]( ]/ U( W: S
Toronto: $365,537 (+5.5%) 1 P4 f5 _" B# W! P: U3 K2 D
Vancouver: $518,176 (+23.7%)
* h# s/ `5 \6 @Winnipeg: $159,801 (+12.5%) , \) F- H; r l/ W5 z
Canada: $303,836 (+12.9%) |
|