Edmonton leads Canada in housing-price jump

check

Home values up more than 200 per cent between 1997 and 2007
1 {0 C  a  s! `2 m# `
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.
  L+ [4 C4 }- k8 O8 K
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.
; q% D5 H' M, C; H- _+ k2 [% `
A home's average price in Alberta's capital rose to $338,636 in 2007 from $111,587 a decade ago.

" {* 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.
9 H& h, L( Q( B$ R1 e$ D! h
- 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.

In recent years, the report suggests move-down buyers, aging baby boomers, are driving the condo market.
. W! R. ]+ y% f, F: Q9 W
& {! 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.
; W! H: d$ O% v8 n1 s9 v1 G
. e4 f0 I% @/ @' IIt points to falling numbers of homes for sale, predicted lower interest rates and continued strength in the oilpatch.

+ 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.

Eunice.kk

老杨

您这则新闻不是中文的，所以转移到英文栏目。