Edmonton leads Canada in housing-price jump

check

Home values up more than 200 per cent between 1997 and 2007

/ Q" L, t" N1 B/ kEDMONTON - Homes in Edmonton jumped more in average price than anywhere in Canada over the past decade, says a new report by Re/max.
5 b$ Y. I9 B! H3 e
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.

A home's average price in Alberta's capital rose to $338,636 in 2007 from $111,587 a decade ago.

Booming population, limited inventory of homes and a hot economy are behind some of the tightest market conditions in the country, the report said.
; W7 d* f( o, h! m8 e% l+ o. a
3 B, F: j/ I0 v, mFirst-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.

"While 2007 was a roller-coaster year for real estate activity in Edmonton, 2008 holds more promise," the report said.
1 @, J6 w5 A8 D# J
/ v' H" ~1 T8 B0 r: `2 V+ [& M' bIt points to falling numbers of homes for sale, predicted lower interest rates and continued strength in the oilpatch.

& L1 b5 H; C% M; ~" ^In 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。