Edmonton leads Canada in housing-price jump

check

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

  w( X# ~. V' B2 ~/ N' U; S6 v! bEDMONTON - Homes in Edmonton jumped more in average price than anywhere in Canada over the past decade, says a new report by Re/max.
5 X+ B9 D7 v5 b' h3 y5 ]
3 p: E" U' \8 j. c3 [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.

: i: P. g# O1 |9 e- i0 v) S0 YA home's average price in Alberta's capital rose to $338,636 in 2007 from $111,587 a decade ago.
' U9 T) K2 x9 I& {/ O8 ^  o
( z) N6 w# s5 C  ?/ S% }8 y" A& VBooming population, limited inventory of homes and a hot economy are behind some of the tightest market conditions in the country, the report said.

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.

"While 2007 was a roller-coaster year for real estate activity in Edmonton, 2008 holds more promise," the report said.
5 ~; L4 q7 S, Y9 O! C
It 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。