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Average home price tops $300K in major markets 0 c% E8 U( ?* o. _ C* g _
Last Updated Wed, 14 Jun 2006 14:05:59 EDT - F6 R1 a( Z7 [: x8 e8 v
CBC News </news/credit.html> # ]) G1 e# u( J# T$ m9 Q" j* u
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
; B9 f% x) j @. b& Y5 \Multiple 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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4 E0 f5 L- ? U: E% m9 v+ N% V( c7 sIt was the biggest yearly increase recorded in two years.
/ A C' g9 a8 \" 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.- t# E/ J7 P2 Q" @) m+ S* |; C
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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 $358,214.5 x0 }" N! A$ Y8 u
) B& m1 E- e$ e" {- q: a& z! h% R4 L3 g"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. E$ `1 U! h- h+ R4 k. d, c% P9 U5 K
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"This is crimping sales in lower price ranges and pushing up the average price for MLS home sales."
2 q4 b* A9 Z) q$ E6 a8 }4 ?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.# E* h+ H! E" Z1 `1 @6 {, O# [8 v, a
5 }2 b& e1 [$ v; k9 ?; Y2 oHere is a sampling of average MLS home prices in May (with year-over-year changes in brackets):
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5 B4 A6 V7 B# h$ s" f. n' \. ECalgary: $358,214 (+43.6%)
1 N" Q4 w- E, s4 E0 M7 OEdmonton: $242,936 (+22.9%) 0 k0 X5 T3 t- A! A N# g7 ^. v
Halifax-Dartmouth: $210,225 (+7.6%) 2 g4 J" r+ z8 O! U2 n
Montreal: $219,433 (+8.2%)
1 i; Q3 i K2 i! J0 ^. IOttawa: $260,219 (+4.7%)
6 T+ Y" l* m3 [7 Q3 RQuebec City: $150,324 (+6.9%) + s. g$ v6 f1 U0 Y
Regina: $142,147 (+10.3%) # A y- T8 v8 o' V: } Y$ O, k D
Saint John, N.B.: $129,844 (+12.3%)
7 b) w% B6 I0 O2 y9 VSaskatoon: $162,279 (+11.5%)
* h$ i E$ G5 I0 I U7 c, tNfld. & Lab.: $133,541 (-1.2%)
$ o, R8 {3 k8 P* t& ~3 DThunder Bay, Ont.: $118,804 (-9.0%)
: h5 j( i" M& k2 d& y0 AToronto: $365,537 (+5.5%) ( L- q- d: |. P/ o7 R; V
Vancouver: $518,176 (+23.7%)
, N4 x6 }( x) `# I; V/ HWinnipeg: $159,801 (+12.5%)
/ q8 l9 L& l; Q+ X3 ACanada: $303,836 (+12.9%) |
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发表于 2006-6-14 22:02
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