Calgary housing prices mark milestone

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Last updated Apr 12 2006 12:28 PM MDT
) O9 f; n. p% A( w, cCBC News
' o) B# \' T9 a7 T9 gThe 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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8 r3 L+ `! `1 R* X- g  AThe president of the Calgary Real Estate Board, Kevin Clark, says he's never seen anything like it before.

, T, ~* r) I" `# ~3 \  P. a" ^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.
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Vancouver is the still the hottest market at nearly $500,000 for a single-family home.
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# H3 C0 U# L' IClark says there's one reason Calgary's market has shot up so quickly.

+ B+ G; e9 s9 k+ c/ o"The numbers of our average sales prices are certainly indicative of the strength of the local economy and the Alberta area," says Clark.

" |+ }* t$ z9 E  x+ g; F"The market place remains to be a strong market place and economy remains strong so the numbers are reflective of that."

, k# ?9 Y8 h2 [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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注意是苦笑噢。