Calgary housing prices mark milestone

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Last updated Apr 12 2006 12:28 PM MDT
5 v5 n: {) N; j: v! R& XCBC News
( r; X& Z1 H. q. P8 {. sThe cost of a single-family dwelling in Calgary has surpassed the average price of a similar home in Toronto by about $5,000.
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: q2 I0 D! C5 L6 AThe president of the Calgary Real Estate Board, Kevin Clark, says he's never seen anything like it before.
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$ o: o9 W* m# |! c! s1 B$ NThe 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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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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" `2 [- T- n0 U' z"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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"The market place remains to be a strong market place and economy remains strong so the numbers are reflective of that."

5 e' ^: _# U- I$ Q1 z" wRealtors in both Calgary and Toronto say they've seen inner city homes go for as much as $200,000 more than the asking price.

4 ]3 }& x9 p+ k4 B1 o. E5 WGeorgiana 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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7 j' \+ Z) Q9 u注意是苦笑噢。