Edmonton leads Canada in housing-price jump

check

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

& P, V6 z" ?0 ^/ kEDMONTON - Homes in Edmonton jumped more in average price than anywhere in Canada over the past decade, says a new report by Re/max.

, L# Y( n8 j5 A9 ZHome 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.

! [+ E* j8 L  ]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.

, @- a0 ^! V# m% e+ h- o& vFirst-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.

! v9 `; F/ a, D0 p- gIt points to falling numbers of homes for sale, predicted lower interest rates and continued strength in the oilpatch.
/ J- s* B- K; s% n4 p5 w& B, v( X
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。