Calgary housing prices mark milestone

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Last updated Apr 12 2006 12:28 PM MDT
+ F0 }( V+ i& b7 d( w$ h. vCBC 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.
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0 q% m$ W: s# K& {6 ~/ i% rThe 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.

Vancouver is the still the hottest market at nearly $500,000 for a single-family home.

% Y; d/ ?* H- [Clark says there's one reason Calgary's market has shot up so quickly.

: }4 A. |* K/ a"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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& Z, D" T  f: H6 H# y; X' [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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; {* ~5 r) O6 A/ W8 o, c( q" p8 B/ RGeorgiana 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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$ U/ I7 R6 H0 B, k4 d, a( W: ^注意是苦笑噢。