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Home values up more than 200 per cent between 1997 and 20075 b) i# A$ C7 E& h1 J8 O l |& J
" W R" W# h2 @, @2 w4 L. qEDMONTON - Homes in Edmonton jumped more in average price than anywhere in Canada over the past decade, says a new report by Re/max.+ b% h/ [# |" |! P% H# G. ?
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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.4 M9 P( ^) n& S- Z
; a) D. q$ d+ }0 w0 }1 h6 T9 J" mA home's average price in Alberta's capital rose to $338,636 in 2007 from $111,587 a decade ago.& u3 A5 ~5 k1 y: Y4 ]8 V0 `
* J* g! L, g1 I, IBooming population, limited inventory of homes and a hot economy are behind some of the tightest market conditions in the country, the report said., ^3 A2 @5 I- k$ i
1 j" E$ ~1 Z/ _8 w0 W$ V8 F, g( rFirst-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.' u- J6 i) J" ]
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In recent years, the report suggests move-down buyers, aging baby boomers, are driving the condo market.2 z/ n1 U" v3 P! ~8 H
; E2 n& ^/ F; Z5 F: l"While 2007 was a roller-coaster year for real estate activity in Edmonton, 2008 holds more promise," the report said." Z0 w; ~/ h6 A6 d; |! C) g
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It points to falling numbers of homes for sale, predicted lower interest rates and continued strength in the oilpatch.
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: I* i5 c# ^# @, r9 }In Calgary, housing values nearly tripled, climbing to $414,066 from $143,305 in the same period. |
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发表于 2008-2-21 10:59
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发表于 2008-2-21 22:29
