Calgary housing prices mark milestone

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Last updated Apr 12 2006 12:28 PM MDT
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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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The president of the Calgary Real Estate Board, Kevin Clark, says he's never seen anything like it before.

7 D, i& V" b7 Z! k, N2 I0 WThe 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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Vancouver is the still the hottest market at nearly $500,000 for a single-family home.

0 v# F  Z2 Z6 A" {* cClark says there's one reason Calgary's market has shot up so quickly.

/ U8 V1 ~4 H9 J, K"The numbers of our average sales prices are certainly indicative of the strength of the local economy and the Alberta area," says Clark.

0 g9 \. H% Z6 b7 p* I" q"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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5 M/ g" N6 T, D, X* c3 P. w- H; hGeorgiana 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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注意是苦笑噢。