Calgary housing prices mark milestone

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Last updated Apr 12 2006 12:28 PM MDT
CBC 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.

2 v( x7 P2 }7 |8 m2 D! fThe president of the Calgary Real Estate Board, Kevin Clark, says he's never seen anything like it before.
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4 ]# Q. C: P, r, q: S- @; T& iThe 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.

$ k# b" o8 s. s* x: H# B% r% R2 cVancouver is the still the hottest market at nearly $500,000 for a single-family home.

Clark says there's one reason Calgary's market has shot up so quickly.
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+ v- s5 n, r2 E) ]"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."

2 c1 h5 s+ O! w, X+ H% HRealtors in both Calgary and Toronto say they've seen inner city homes go for as much as $200,000 more than the asking price.
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: w9 K* R$ g, I, t, [) sGeorgiana 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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: _6 }5 p, Z. q0 j- G6 d( s% C4 s注意是苦笑噢。