Edmonton leads Canada in housing-price jump

check

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

1 G6 N& v. K2 X& \0 q* g9 ~EDMONTON - Homes in Edmonton jumped more in average price than anywhere in Canada over the past decade, says a new report by Re/max.

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.
) p$ H; P3 e( j# M2 ?  Y
! h8 O% M: w6 |/ b: T7 q+ I2 sA home's average price in Alberta's capital rose to $338,636 in 2007 from $111,587 a decade ago.

. R7 b' c! z4 YBooming population, limited inventory of homes and a hot economy are behind some of the tightest market conditions in the country, the report said.

' L% i$ _+ \! U# @* \& QFirst-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.
* _1 H  Q$ @+ G& o+ p
. \  y7 y9 h7 N" k: E1 }" KIn recent years, the report suggests move-down buyers, aging baby boomers, are driving the condo market.

4 ^% v( W# }+ d6 t, u# I"While 2007 was a roller-coaster year for real estate activity in Edmonton, 2008 holds more promise," the report said.

' W, m2 L' ~$ m$ ^* }6 kIt points to falling numbers of homes for sale, predicted lower interest rates and continued strength in the oilpatch.
+ F. c' u& H- u- i7 m& [& G- v: W% P
( A0 P( J8 }$ t9 C* u. EIn 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。