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Edmonton leads Canada in housing-price jump

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发表于 2008-2-21 10:59 | 显示全部楼层 |阅读模式
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Home values up more than 200 per cent between 1997 and 2007
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8 ~4 |' }; G* \' h& lEDMONTON - Homes in Edmonton jumped more in average price than anywhere in Canada over the past decade, says a new report by Re/max.
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Home values soared 203 per cent between 1997 and 2007 - "making Edmonton the best return on investment in the country at an annually compounded rate of 11.7 per cent," said the report.
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A home's average price in Alberta's capital rose to $338,636 in 2007 from $111,587 a decade ago.; E* a- s- \) @9 S

" {* g9 |) z# y" c: c6 [) nBooming population, limited inventory of homes and a hot economy are behind some of the tightest market conditions in the country, the report said.
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- A* a% Y) l) u% S; J: ?1 `+ j  ^First-time homebuyers sparked the explosion in 1996-97 and have powered the market since then, Re/max said. Buyers trading up, meanwhile, have stimulated sales at the high end of the market., w1 h* i7 o0 o2 h- ]
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In recent years, the report suggests move-down buyers, aging baby boomers, are driving the condo market.
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& {! c7 `& B* Z/ P; ^3 x"While 2007 was a roller-coaster year for real estate activity in Edmonton, 2008 holds more promise," the report said.
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. e4 f0 I% @/ @' IIt points to falling numbers of homes for sale, predicted lower interest rates and continued strength in the oilpatch.$ P$ B! _' y6 I+ ?9 t1 w# G6 |

+ W- f0 q% i  g; h8 `3 Y$ oIn Calgary, housing values nearly tripled, climbing to $414,066 from $143,305 in the same period.
理袁律师事务所
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发表于 2008-2-21 21:28 | 显示全部楼层
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发表于 2008-2-21 22:29 | 显示全部楼层
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