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不止是有点暖,是高烧~7 i E; P8 v$ `" S4 v2 N6 r+ A7 G
4 [+ b# B& p0 W, g: Ohttp://www.edmontonjournal.com/b ... ?cid=megadrop_story- p& i: B% Q. }' O% S2 N( U) a
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Edmonton sees 26% spike in luxury-home sales7 b& f; K" A' `) f' t7 N
High-end houses defy real estate cooling trend
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EDMONTON — While homebuying activity is cooling in Edmonton, luxury-home sales are picking up, says a new national report by ReMax.3 u4 o& {; L8 o0 f# X8 m+ l4 p) J3 L
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“One area of the market that has outperformed all others is the upper end,” said the ReMax Market Trends Report Fall 2010 released Tuesday.: `( V- l- @/ |( g
6 ?; j% N# I! p9 v( a! Q- m: RSales of homes priced more than $700,000 are up 26 per cent over 2009, with 240 upscale properties changing hands as of August, compared to 190 units for the same period last year, it said. 4 [( |1 C1 H% y
$ r- i1 s5 e6 RFifty-five homes in the Edmonton area have sold for more than $1 million.3 \. G& T. Z+ ] ^, @
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The urgency in Edmonton’s residential housing market — prompted by tighter lending policies and the threat of higher interest rates earlier in the year — has given way to more stable conditions heading into the fourth quarter of 2010, the report said.
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“Positive announcements in the oil and gas sector should spur renewed activity in residential real estate — as evidenced in the first few weeks of September. & [8 F' q1 o7 R# v0 j( C( w
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“Despite recent hikes, interest rates remain attractive with a five-year closed hovering at four per cent. The outlook for the remainder of the year is stable, with no real fluctuations in either sales or price.”* }: y, y8 S( h6 N3 c
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Year-to-date sales have slipped 14 per cent to 11,773 units, compared to 13,694 during the same period a year earlier, the report said.. P) C: M: @! \! V7 u/ C
8 v- i3 B, ~' q4 s; N r5 fThe sales-to-listing ratio is now 47 per cent, down from 59 per cent in 2009, but up from 42 per cent in 2008.# A9 P: R: w, i9 \4 A; h8 s, Z
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Average price is holding steady, up about four cent to $332,789 in 2010, about $12,500, or 3.9 per cent, higher than a year ago when the residential average was $320,289, the report said.
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Inventory levels are up marginally over last year, but down from peak levels reached in 2007 and 2008, ReMax said.1 f6 a$ j, ?/ g) L( K6 \4 K7 Z% L
6 A1 Z- w: ]) n- M6 e1 T“As a result, the housing market has been characterized as balanced, slightly favouring the buyer,” the report said.
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8 U C1 a$ v6 b0 c' O8 r$ `First-time buyers in Edmonton remain most active, driving sales of single-family homes between $250,000 and $350,000. Condos represent 34 per cent of residential sales.
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3 w5 H: e% G- ~, K% nAn influx of new units recently has pushed up supply, putting downward pressure on condo prices, according to the report. Tighter lending rules, requiring a 20-per-cent down payment, “is proving to be detrimental to investment activity.”1 P' C" C: L: Q& U: V, H2 S& X
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The report, which covered trends and developments in 19 major centres from January to August, found year-to-date sales ahead of 2009 levels in 11 markets.
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Prices were up year-over-year in all cities, with five experiencing double-digit gains in 2010: Vancouver, St. John’s, Sudbury, Winnipeg and the Greater Toronto Area.: }8 M/ Y/ X( G$ b! e4 ~( z$ \; k
0 R( r5 I; j$ f2 W“We cleaned up in the first quarter of 2010 because housing activity during the same period one year earlier was dismal,” said Elton Ash, regional executive vice-president of ReMax, Western Canada.
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4 W& [0 E: o, c/ O, L“We’re now comparing the second half of the year to 2009 and falling short of expectations. Looking at the big picture however, the market remains healthy.” |
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