Edmonton leads Canada in housing-price jump

check

Home values up more than 200 per cent between 1997 and 2007
% D/ k9 ?1 Y; v" Q$ v$ P% G3 k, {
: z8 ?! l2 @, K! E( W5 o4 Y) p  \EDMONTON - Homes in Edmonton jumped more in average price than anywhere in Canada over the past decade, says a new report by Re/max.

Home values soared 203 per cent between 1997 and 2007 - "making Edmonton the best return on investment in the country at an annually compounded rate of 11.7 per cent," said the report.
! ~9 h0 M3 A0 P: N8 V# J8 J1 q5 G$ m
6 l6 o5 ]- Y' _+ v) @! D* ^) DA home's average price in Alberta's capital rose to $338,636 in 2007 from $111,587 a decade ago.

" l& S$ F+ G. B2 F# SBooming population, limited inventory of homes and a hot economy are behind some of the tightest market conditions in the country, the report said.

. k$ p1 y% x! P, H, d5 |First-time homebuyers sparked the explosion in 1996-97 and have powered the market since then, Re/max said. Buyers trading up, meanwhile, have stimulated sales at the high end of the market.

In recent years, the report suggests move-down buyers, aging baby boomers, are driving the condo market.
2 Q( x9 Y0 d( F0 D, q3 Z/ m
"While 2007 was a roller-coaster year for real estate activity in Edmonton, 2008 holds more promise," the report said.
; ~3 U7 Q* N( ]8 J0 }# h5 j) \* |& Q
7 _; f6 J8 U* WIt points to falling numbers of homes for sale, predicted lower interest rates and continued strength in the oilpatch.

In Calgary, housing values nearly tripled, climbing to $414,066 from $143,305 in the same period.

Eunice.kk

老杨

您这则新闻不是中文的，所以转移到英文栏目。