Edmonton leads Canada in housing-price jump

check

Home values up more than 200 per cent between 1997 and 2007
4 q0 V( E7 l3 e% y5 ?
  @1 X* }! M. E6 @+ TEDMONTON - Homes in Edmonton jumped more in average price than anywhere in Canada over the past decade, says a new report by Re/max.

9 r) ^+ l, M. ^4 }$ Y% `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.

+ F* E1 }7 n2 r9 }  U7 qA home's average price in Alberta's capital rose to $338,636 in 2007 from $111,587 a decade ago.
* N2 H! O2 x8 e6 A2 c6 a4 k! |
: O( ]! s9 Z/ XBooming 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.
; T" Y' r/ H6 ^: M7 K2 T  a
' [7 g( v! F! ^1 A7 t" q* g# TIn recent years, the report suggests move-down buyers, aging baby boomers, are driving the condo market.

$ r9 K# c: y0 j( X! u! O) V"While 2007 was a roller-coaster year for real estate activity in Edmonton, 2008 holds more promise," the report said.
- i) r0 @3 [4 H8 A; R$ j
( o! M6 W) P; \  U- k8 HIt 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。