Calgary housing prices mark milestone

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Last updated Apr 12 2006 12:28 PM MDT
CBC News
The 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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3 x; |) e( w, U( @The 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.
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Vancouver is the still the hottest market at nearly $500,000 for a single-family home.
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+ `! g2 N6 `2 t6 x$ M# WClark says there's one reason Calgary's market has shot up so quickly.
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2 G$ w6 k. I, o4 V6 Z% g"The numbers of our average sales prices are certainly indicative of the strength of the local economy and the Alberta area," says Clark.

0 n% a8 S- ?* Z$ f7 S"The market place remains to be a strong market place and economy remains strong so the numbers are reflective of that."

' |# r' @  \1 p. u9 o( @/ wRealtors 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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' o* x- k; U* c" T) OGeorgiana 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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( |. |% R/ y7 r2 W9 @, d注意是苦笑噢。