Calgary housing prices mark milestone

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Last updated Apr 12 2006 12:28 PM MDT
CBC News
6 X2 }+ x) A8 f, PThe cost of a single-family dwelling in Calgary has surpassed the average price of a similar home in Toronto by about $5,000.
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The president of the Calgary Real Estate Board, Kevin Clark, says he's never seen anything like it before.
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. [7 m: k$ G+ Y" i" K+ Z9 OThe 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.
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( P. T) u& D2 D0 ]0 X# ZClark says there's one reason Calgary's market has shot up so quickly.

8 @% m& ^; F, L"The numbers of our average sales prices are certainly indicative of the strength of the local economy and the Alberta area," says Clark.

"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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- D8 V8 ~8 v- ?6 uRealtors in both Calgary and Toronto say they've seen inner city homes go for as much as $200,000 more than the asking price.

$ i+ R3 H, S1 y2 }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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5 Q$ ?6 o5 A6 l% s; ]) Z注意是苦笑噢。