Edmonton leads Canada in housing-price jump

check

Home values up more than 200 per cent between 1997 and 2007

7 ?) r# X! L, Y& TEDMONTON - Homes in Edmonton jumped more in average price than anywhere in Canada over the past decade, says a new report by Re/max.

! Y0 b) @! G2 x- IHome 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.

/ q. ^2 M1 X! YA home's average price in Alberta's capital rose to $338,636 in 2007 from $111,587 a decade ago.
+ f# O2 c% z3 W& M) |; W
" N* S9 m2 |! l) ]Booming population, limited inventory of homes and a hot economy are behind some of the tightest market conditions in the country, the report said.
" }# V1 B9 n8 N; n! L2 v
! S, A# m' N) r. V8 sFirst-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.
" d9 x( h5 Y* t; S. w; U, I
" k, h* [2 |: T* ?"While 2007 was a roller-coaster year for real estate activity in Edmonton, 2008 holds more promise," the report said.
: `- J3 M- d8 v& h
It points to falling numbers of homes for sale, predicted lower interest rates and continued strength in the oilpatch.
$ J+ M' F8 n  ^* Q  e: h5 ]9 X
" \$ E9 l& P0 k- kIn 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。