本文发表在 rolia.net 枫下论坛Stable resale market predicted
The average price of a resale home in Canada will rise 4.5 per cent next year, but sales will fall as the market calms down from a red-hot 2004, real estate broker Royal LePage predicts in a report released this week.
The average price of a house will be $236,588, from a projected $226,400 for 2004, the company said in its forecast on housing trends. However, overall sales will slip 1 per cent to 457,325 units.
The past year represented a record pace of sales volume and price increases, but 2005 will represent a market "in equilibrium, where both buyers and sellers will equally share the benefits," Royal LePage predicted.
Buyers will continue to benefit from historically low interest rates as the cheap cost of borrowing money extends homeownership to a majority of Canadians, the company said. The most affordable cities in Canada to find houses will be Regina, Winnipeg and Halifax, while the most expensive will be Vancouver, Toronto and Ottawa.
New-home sales in U.S.
may hit record in 2005
New homes sold at a 1.2 million annual rate in the U.S. last month, remaining near record highs as low mortgage rates and employment growth encouraged buyers, economists forecast ahead of U.S. Commerce Department report.
The projected sales, the median estimate of 59 economists surveyed by Bloomberg News, follows a 1.22 million rate reported for October and would be the fifth-highest on record. Sales reached an all-time high of a 1.27 million rate in March.
"Sub-6 per cent mortgage rates and the ready availability of mortgage credit continue to support home buying," said Steven Wood, president of Insight Economics LLC in California.
Sales of new homes may reach a record in 2005, helped by mortgage rates that largely stayed near last year's record low and an improving economy.
Property boom fizzles
in the United Kingdom
An index measuring changes in U.K. house prices fell in the three months through November to the lowest since 1992, suggesting a decline in the nation's property market is deepening.
The Bank of England's Monetary Policy Committee, which has raised interest rates to a three-year high of 4.75 per cent, forecast declines in house prices amid evidence that a five-year property boom is fizzling out.
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The average price of a resale home in Canada will rise 4.5 per cent next year, but sales will fall as the market calms down from a red-hot 2004, real estate broker Royal LePage predicts in a report released this week.
The average price of a house will be $236,588, from a projected $226,400 for 2004, the company said in its forecast on housing trends. However, overall sales will slip 1 per cent to 457,325 units.
The past year represented a record pace of sales volume and price increases, but 2005 will represent a market "in equilibrium, where both buyers and sellers will equally share the benefits," Royal LePage predicted.
Buyers will continue to benefit from historically low interest rates as the cheap cost of borrowing money extends homeownership to a majority of Canadians, the company said. The most affordable cities in Canada to find houses will be Regina, Winnipeg and Halifax, while the most expensive will be Vancouver, Toronto and Ottawa.
New-home sales in U.S.
may hit record in 2005
New homes sold at a 1.2 million annual rate in the U.S. last month, remaining near record highs as low mortgage rates and employment growth encouraged buyers, economists forecast ahead of U.S. Commerce Department report.
The projected sales, the median estimate of 59 economists surveyed by Bloomberg News, follows a 1.22 million rate reported for October and would be the fifth-highest on record. Sales reached an all-time high of a 1.27 million rate in March.
"Sub-6 per cent mortgage rates and the ready availability of mortgage credit continue to support home buying," said Steven Wood, president of Insight Economics LLC in California.
Sales of new homes may reach a record in 2005, helped by mortgage rates that largely stayed near last year's record low and an improving economy.
Property boom fizzles
in the United Kingdom
An index measuring changes in U.K. house prices fell in the three months through November to the lowest since 1992, suggesting a decline in the nation's property market is deepening.
The Bank of England's Monetary Policy Committee, which has raised interest rates to a three-year high of 4.75 per cent, forecast declines in house prices amid evidence that a five-year property boom is fizzling out.
Star wire services更多精彩文章及讨论，请光临枫下论坛 rolia.net