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记者的观察
The realities of real estate, \8 D% u# l& |6 Z$ A6 {) w( M, u
! {- G2 M8 D: U0 N1 X4 cPublished: Friday, October 06, 2006 " ^9 W8 ~) e0 |
EDMONTON - With her toolbox in hand and overalls on, newcomer Lisa Laas feels she can conquer the plumbing world in Edmonton.
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The 29-year-old plumber from Vancouver had no problem finding work in Edmonton with trades people high in demand in Alberta.
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* h' b0 T+ H L1 a. g7 jShe moved here in December with dreams of being a homeowner, something she could never afford in Vancouver despite four years of saving her money for a down payment.
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But she didn't expect Edmonton's world of hot housing where the law of successful buying seems to consist of three elements: speed, cash and no conditions.& J/ b2 }! n: j) J! X+ F0 j
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"It absolutely scared me," she says. "I moved here for a house, and all of a sudden a townhouse went from $105,000 to $155,000 and I'm going, 'Oh my gosh. I have to buy really quick.' I've seen it in Vancouver and now I'm starting to see it here and it's frustrating."
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Laas started looking in February. She had hoped to buy a house for $160,000, but soon realized she had to change her plans. A townhouse would have to do.
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% R' Y3 [* p W* K q4 C1 z1 fBut she has lost out on four places since beginning her search for a house.
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3 P, ^/ H3 Y7 m. d C+ R9 @$ v: oShe's been outbidded, "out-offered" and "outconditioned.") x% }+ `! O2 h# u9 @+ @4 M- l
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One house, the one she really wanted in the northwest neighbourhood of Calder, went on the market at 4 p.m. and had multiple offers by 6 p.m. so Laas walked away. In two other instances, other buyers had fewer conditions on their bid to purchase a townhouse, so her offer was dismissed.# E; }, C" w i, Z' K- B
& o& N. ]$ g3 V7 I( }+ R5 R+ q, R6 aLaas says she was in tears because of the experience. She has given up working with a real estate agent to look for a home. She says she's backed off the whole thing, but she keeps her eye open every now and then.# K9 ?! A+ n" L; M
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Forty-five-year-old Cheryl Daly is also having a tough time finding an affordable home for her 12-year-old son and a 16-year-old daughter.
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She left a 23-marriage and a 1,700-square-foot home last year. She works as an administrator and now rents a three-bedroom townhouse.
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Back in April, she started looking for a home, something in the $170,000 range. "I would like to have a half duplex even, but with the prices and with my status, I know that's not realistic," she says.
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4 d0 U+ U4 O+ I# m {3 |So Daly has been checking out townhouses, but even that has been difficult for her.: f* }; B! o5 S& ?# w
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"The places, when they come up, if they're at a decent price, they're gone really quickly," she says, "so it's a matter of timing."
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$ K: j: [( N) [& C ZTime has not been her friend. Every month the prices of homes in Edmonton climb higher., ^) p: l, v# J1 j4 S+ n
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An average single dwelling unit in Edmonton sold for $316, 480 in August this year. An average townhouse, which includes the price of duplexes, sold for $262,327 in the same month. Last year in August an average townhouse sold for $175,922.0 ^% R0 v6 u# b8 q$ l9 w; U
% I" A/ f9 [6 p' oThe president of the Edmonton Real Estate Board, Madeline Sarafinchan, says the hot market is tough for first-time homeowners and single people.$ _# @/ [9 q' F9 y; L
) }/ O# Y9 r6 o: n% w"It's definitely making people think about what their options are," Sarafinchan says. "They're having to look at things that maybe are not as what they would have termed as desirable."' d+ c7 j& e. s% p( l
* A; T+ l7 @5 _! aThat may mean sellers are not as open to "conditions" on offers as they used to be -- such as a house inspection before the deal is finalized. |
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