Calgary housing prices mark milestone

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Last updated Apr 12 2006 12:28 PM MDT
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The cost of a single-family dwelling in Calgary has surpassed the average price of a similar home in Toronto by about $5,000.

9 u1 ~$ @- N) a. x' rThe president of the Calgary Real Estate Board, Kevin Clark, says he's never seen anything like it before.

The 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.
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+ ~3 r) ]6 o/ n% pVancouver is the still the hottest market at nearly $500,000 for a single-family home.

  o5 r% O9 o* ~3 g6 R6 n3 h3 h  k& nClark says there's one reason Calgary's market has shot up so quickly.
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"The numbers of our average sales prices are certainly indicative of the strength of the local economy and the Alberta area," says Clark.
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% l4 y) r+ f4 b9 F" _"The market place remains to be a strong market place and economy remains strong so the numbers are reflective of that."

- K/ w( X, {5 v, ZRealtors 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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9 g7 d1 C8 i9 y: t+ W; m' o& [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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注意是苦笑噢。