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Edmonton leads Canada in housing-price jump

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发表于 2008-2-21 10:59 | 显示全部楼层 |阅读模式
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Home values up more than 200 per cent between 1997 and 2007) f$ [- K2 Q8 R5 x# j

: a8 R: Z' u8 `) E8 i3 }EDMONTON - Homes in Edmonton jumped more in average price than anywhere in Canada over the past decade, says a new report by Re/max.6 I! i& }- e  A4 i
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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.
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+ N; n! N  J  w2 o% k6 A( zA home's average price in Alberta's capital rose to $338,636 in 2007 from $111,587 a decade ago.
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Booming population, limited inventory of homes and a hot economy are behind some of the tightest market conditions in the country, the report said.0 v9 X6 x' h5 h  x/ }& a7 _/ {
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First-time homebuyers sparked the explosion in 1996-97 and have powered the market since then, Re/max said. Buyers trading up, meanwhile, have stimulated sales at the high end of the market.
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3 _( C% t# U' c. H3 J/ A  zIn recent years, the report suggests move-down buyers, aging baby boomers, are driving the condo market.) E* Z9 M2 m' ^) I8 N( ]% V9 D& j
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"While 2007 was a roller-coaster year for real estate activity in Edmonton, 2008 holds more promise," the report said.1 r" Y( q$ o" i- _; \; j, z
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It points to falling numbers of homes for sale, predicted lower interest rates and continued strength in the oilpatch.
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In Calgary, housing values nearly tripled, climbing to $414,066 from $143,305 in the same period.
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发表于 2008-2-21 21:28 | 显示全部楼层
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发表于 2008-2-21 22:29 | 显示全部楼层
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