Calgary housing prices mark milestone

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Last updated Apr 12 2006 12:28 PM MDT
8 @) W! R6 j; l5 Q, ECBC News
3 e: S4 `4 V2 B: c- EThe 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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% b/ f3 \6 m( NThe president of the Calgary Real Estate Board, Kevin Clark, says he's never seen anything like it before.
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The 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.

Vancouver is the still the hottest market at nearly $500,000 for a single-family home.
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3 X: e7 v) |3 IClark says there's one reason Calgary's market has shot up so quickly.

9 v7 \3 f; F0 L" t"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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; M! G9 `1 T4 u' z7 i+ ?"The market place remains to be a strong market place and economy remains strong so the numbers are reflective of that."

! j3 ^9 d: Q4 Q' ARealtors in both Calgary and Toronto say they've seen inner city homes go for as much as $200,000 more than the asking price.
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Georgiana 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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$ O* Z8 v% D9 Q+ e8 M/ I3 m; j注意是苦笑噢。