Edmonton leads Canada in housing-price jump

check

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

7 l0 w+ h5 I) V1 U3 c0 q' Q1 T6 W" ?EDMONTON - Homes in Edmonton jumped more in average price than anywhere in Canada over the past decade, says a new report by Re/max.
4 c) T& d% ^/ l" q2 O! R
" H7 ]& j( [1 P, u+ C, ^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.

( n) ^3 l8 P' i* v% aA 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.
. n, j+ H0 ~, x0 M8 z9 Z$ f& w
% |- G5 \# n9 ^1 _; cFirst-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.
- K9 _8 G; {1 V0 ~: Z
3 z+ p; j+ _, [! V2 ~In recent years, the report suggests move-down buyers, aging baby boomers, are driving the condo market.
- f/ H" W/ J* e( J- \
8 r. W" K* J- g5 N  H"While 2007 was a roller-coaster year for real estate activity in Edmonton, 2008 holds more promise," the report said.

" R5 C- f# V5 _3 e4 i- n& M! V, YIt points to falling numbers of homes for sale, predicted lower interest rates and continued strength in the oilpatch.
+ X* r; i# X6 a7 _9 g' r+ F4 V7 \
1 g+ m3 x& i/ p& }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。