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不止是有点暖,是高烧~% s0 T+ o6 j4 t+ ]7 w) `8 F
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http://www.edmontonjournal.com/b ... ?cid=megadrop_story' ]$ t" N+ f- o/ D$ K" O
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Edmonton sees 26% spike in luxury-home sales
* c" |% M- c) b: C+ s: G F High-end houses defy real estate cooling trend% W" m; w& i7 F8 e" L
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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.# e! a6 E8 W8 ~* ^: k( b
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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.# b8 o8 B1 K+ `6 D5 F6 H( r/ g
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Sales 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.
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Fifty-five homes in the Edmonton area have sold for more than $1 million.
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& r% F; C. Z; s9 {The urgency in Edmonton’s residential housing market — prompted by tighter lending policies and the threat of higher interest rates earlier in the year — has given way to more stable conditions heading into the fourth quarter of 2010, the report said.
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5 ^3 D7 l! |& V$ p$ p: C“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.
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_; I) p4 u; ?$ J“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.”
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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.
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( W, y( o$ X) Y/ P4 W7 G$ ?The sales-to-listing ratio is now 47 per cent, down from 59 per cent in 2009, but up from 42 per cent in 2008." s! k7 }, f" ^8 T \) h
# P2 F. y3 E) h+ i+ CAverage 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 $320,289, the report said.
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Inventory levels are up marginally over last year, but down from peak levels reached in 2007 and 2008, ReMax said.% m' H, y* z) F8 N5 D( q
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“As a result, the housing market has been characterized as balanced, slightly favouring the buyer,” the report said." B9 T: u5 c/ Z0 z& Q
/ ~$ m- ^/ |: B% z8 b1 d9 N4 hFirst-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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An 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.”
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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.! k# U Y1 R( \/ G9 v: u1 U% ?1 ]
7 k3 y& m6 |, @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.
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“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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“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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