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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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- r! Q/ e1 i2 k0 K6 F+ VEDMONTON - Homes in Edmonton jumped more in average price than anywhere in Canada over the past decade, says a new report by Re/max.. b2 y8 j6 z0 _4 K8 _1 f

4 D& u: i+ k9 Q2 I4 |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.. a% g0 R6 w/ W1 g

* i9 T: [6 Z; V9 f) M! w6 w( QA home's average price in Alberta's capital rose to $338,636 in 2007 from $111,587 a decade ago.' s! t7 O. s% C" d
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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.( t( B7 [+ Q  O; p8 h( i

$ L8 `8 u  U9 D1 _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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In recent years, the report suggests move-down buyers, aging baby boomers, are driving the condo market.
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' l* E* G0 s! l/ A"While 2007 was a roller-coaster year for real estate activity in Edmonton, 2008 holds more promise," the report said.2 I" i4 R% B7 ^+ L2 |0 j' y
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It points to falling numbers of homes for sale, predicted lower interest rates and continued strength in the oilpatch.3 }  g0 n  K& k( {- y

, N8 W) O* d% u4 {. P/ Q6 pIn 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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