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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 20077 I. O6 U* |1 ^& c( _

& r' [) r; I6 I! S  ~* `EDMONTON - Homes in Edmonton jumped more in average price than anywhere in Canada over the past decade, says a new report by Re/max.$ x4 E7 I0 i( [5 ~, e# J

" c' S) A- z. e; THome 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.: L5 N# X9 L6 u/ W
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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.6 V3 t: q2 m- Z0 w

' r( r9 f% ^. P% E+ C' \& o9 pBooming 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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$ l" F0 U; [* N' Y2 @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.' N- T: P& V! P! r3 g
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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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! m# s( T  W& \"While 2007 was a roller-coaster year for real estate activity in Edmonton, 2008 holds more promise," the report said." ~9 \# L' K' u, K0 `& d) U5 A
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It points to falling numbers of homes for sale, predicted lower interest rates and continued strength in the oilpatch.7 [/ M1 |0 Y7 M! l4 O6 n( M: b- q; p
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In Calgary, housing values nearly tripled, climbing to $414,066 from $143,305 in the same period.
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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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