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.
( V# a3 Z; @! k& e' Z8 `
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.

/ l  D! V% p$ p& ^A home's average price in Alberta's capital rose to $338,636 in 2007 from $111,587 a decade ago.

. v& C0 u3 D7 H4 CBooming population, limited inventory of homes and a hot economy are behind some of the tightest market conditions in the country, the report said.
" ]2 e) I* J9 P0 A; Y
1 o8 q& k: p+ }9 fFirst-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.
& J' k# t0 n+ l% y
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.
, I1 v: n! [0 R7 D2 D9 m
It points to falling numbers of homes for sale, predicted lower interest rates and continued strength in the oilpatch.

3 x# F( w' c2 v1 G+ U4 N. qIn 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。