Edmonton leads Canada in housing-price jump

check

Home values up more than 200 per cent between 1997 and 2007
5 e6 m- Y- y+ g- u2 e7 z6 W
, q9 F( G) A. y) S7 s, SEDMONTON - Homes in Edmonton jumped more in average price than anywhere in Canada over the past decade, says a new report by Re/max.
) v9 u" L, }2 V2 Z2 N
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.

3 q% Y; o4 L5 I& i& eA home's average price in Alberta's capital rose to $338,636 in 2007 from $111,587 a decade ago.

: a- j7 G* Q  V) JBooming population, limited inventory of homes and a hot economy are behind some of the tightest market conditions in the country, the report said.

! ^" w) d5 R/ N+ s8 iFirst-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.
, g9 e6 b& n9 h
# M+ j; S4 x8 n0 O" M"While 2007 was a roller-coaster year for real estate activity in Edmonton, 2008 holds more promise," the report said.

; {3 [) V  x( H* A, ~It points to falling numbers of homes for sale, predicted lower interest rates and continued strength in the oilpatch.

8 @9 B) Y& n2 |, MIn 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。