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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
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EDMONTON - Homes in Edmonton jumped more in average price than anywhere in Canada over the past decade, says a new report by Re/max.: R; e$ q( g" G$ D1 Q

8 B. v% w3 [- }! s8 ?4 i4 DHome 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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A home's average price in Alberta's capital rose to $338,636 in 2007 from $111,587 a decade ago.
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( l: ~2 w6 X9 Z8 LBooming population, limited inventory of homes and a hot economy are behind some of the tightest market conditions in the country, the report said.; v8 j; h8 y( i+ ~2 Y+ A- b
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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.' q1 E- O' V' w3 l. w* A) y
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In recent years, the report suggests move-down buyers, aging baby boomers, are driving the condo market.1 [- F; R+ @  ]  {4 i+ N

3 Y0 A  Y/ y8 ^+ p# b. a8 N, K% c"While 2007 was a roller-coaster year for real estate activity in Edmonton, 2008 holds more promise," the report said.
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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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4 S# `6 D. S$ T7 q4 d  v- T8 BIn 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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