Calgary housing prices mark milestone

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Last updated Apr 12 2006 12:28 PM MDT
' ~4 D& h* i: W' Q1 iCBC News
The cost of a single-family dwelling in Calgary has surpassed the average price of a similar home in Toronto by about $5,000.

The president of the Calgary Real Estate Board, Kevin Clark, says he's never seen anything like it before.

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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Clark says there's one reason Calgary's market has shot up so quickly.

- H2 O$ M. ]. M% j" `"The numbers of our average sales prices are certainly indicative of the strength of the local economy and the Alberta area," says Clark.

9 G1 N7 `) b2 a( \"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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- z7 ^. ~% ~. c0 R( ^# U( qRealtors in both Calgary and Toronto say they've seen inner city homes go for as much as $200,000 more than the asking price.
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$ n  B4 F  ^; r5 k7 s! ]+ D% zGeorgiana 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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% t* ]: A& F8 R7 H1 G) c7 }: }& K注意是苦笑噢。