Calgary housing prices mark milestone

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Last updated Apr 12 2006 12:28 PM MDT
CBC News
; l  G: T) {8 a$ nThe cost of a single-family dwelling in Calgary has surpassed the average price of a similar home in Toronto by about $5,000.
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# O' Q( e3 [9 W2 b$ k7 \The president of the Calgary Real Estate Board, Kevin Clark, says he's never seen anything like it before.
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The 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.

  H) f2 s9 _/ ]. ^+ a  K( c0 u4 o, j* UVancouver is the still the hottest market at nearly $500,000 for a single-family home.

; _9 i  {3 M. \, Z9 g8 mClark says there's one reason Calgary's market has shot up so quickly.
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- y0 F  k9 S4 _"The numbers of our average sales prices are certainly indicative of the strength of the local economy and the Alberta area," says Clark.

8 @* M* Z: H( M+ f1 n- 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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Georgiana 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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8 J8 Y' R& W! G9 e0 i/ T注意是苦笑噢。