Calgary housing prices mark milestone

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Last updated Apr 12 2006 12:28 PM MDT
) L* M% d, R6 N* }6 S& oCBC 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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4 i# k) ]' j, I* b4 v3 L5 F' k, uThe 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.

3 L+ U' V& v3 O) s; h4 C) {1 ~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.
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+ p+ v% q, [- c"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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* {! I2 {7 \. g$ t, e" }" Q, g9 c1 dRealtors 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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5 b/ p6 ^# Z9 R) i# ?; R" x注意是苦笑噢。