Edmonton leads Canada in housing-price jump

check

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

EDMONTON - Homes in Edmonton jumped more in average price than anywhere in Canada over the past decade, says a new report by Re/max.
$ ?* p# y* J* \6 G) c
( f! Y  W: K* mHome 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.
- X+ W7 z6 A% K7 B3 W' W. Y7 _1 z/ _
# s6 L) E! d+ A8 u6 g" OA home's average price in Alberta's capital rose to $338,636 in 2007 from $111,587 a decade ago.

Booming 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.
0 S- O8 v/ u8 f/ d
) N1 A8 q( ~! C5 ?# ~1 GIn recent years, the report suggests move-down buyers, aging baby boomers, are driving the condo market.
7 Z# d8 g  Z) A9 e. ?/ ?7 L3 M8 t
"While 2007 was a roller-coaster year for real estate activity in Edmonton, 2008 holds more promise," the report said.
* G4 E& p  R' g9 Y8 w+ g
$ K7 s6 }: T9 n8 x5 L" m9 m5 F) h: uIt points to falling numbers of homes for sale, predicted lower interest rates and continued strength in the oilpatch.

' y. _, ]- }9 }8 T' _9 _  X" hIn 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。