Calgary housing prices mark milestone

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Last updated Apr 12 2006 12:28 PM MDT
4 {( s# }( P  a! ICBC News
The cost of a single-family dwelling in Calgary has surpassed the average price of a similar home in Toronto by about $5,000.
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9 u" T- m4 }0 T; A  }2 WThe president of the Calgary Real Estate Board, Kevin Clark, says he's never seen anything like it before.
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The average price of a home in Toronto is still higher than Calgary but the cost of a single-family dwelling – the most sought-after type of property – is about $363,000 in Calgary compared to $358,000 in Toronto.
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+ j- T) s4 |0 E! EVancouver is the still the hottest market at nearly $500,000 for a single-family home.

6 I% ]: K- `- J: m2 XClark says there's one reason Calgary's market has shot up so quickly.

" A! \4 l5 T, d"The numbers of our average sales prices are certainly indicative of the strength of the local economy and the Alberta area," says Clark.
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"The market place remains to be a strong market place and economy remains strong so the numbers are reflective of that."
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Realtors in both Calgary and Toronto say they've seen inner city homes go for as much as $200,000 more than the asking price.
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! i" [0 Q+ c; \( Z& T# W& qGeorgiana Woods, who sells real estate in Toronto, believes that market will cool off while analysts in Calgary expect the city's unprecedented growth to continue.

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$ C4 R2 p" ]5 {- c注意是苦笑噢。