Edmonton leads Canada in housing-price jump

check

Home values up more than 200 per cent between 1997 and 2007
8 V0 \$ Q: |1 |- S$ O2 X. l* [
EDMONTON - Homes in Edmonton jumped more in average price than anywhere in Canada over the past decade, says a new report by Re/max.

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.

* c8 J; Z- v6 I: i( W/ R8 @( IA home's average price in Alberta's capital rose to $338,636 in 2007 from $111,587 a decade ago.

Booming population, limited inventory of homes and a hot economy are behind some of the tightest market conditions in the country, the report said.

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.

  s. }; r1 v: ^1 @* gIn recent years, the report suggests move-down buyers, aging baby boomers, are driving the condo market.

# K# u1 L- d0 q3 K* a"While 2007 was a roller-coaster year for real estate activity in Edmonton, 2008 holds more promise," the report said.
4 s1 b8 A# A' j7 i" z
: m5 K. D) }" k" qIt points to falling numbers of homes for sale, predicted lower interest rates and continued strength in the oilpatch.

In Calgary, housing values nearly tripled, climbing to $414,066 from $143,305 in the same period.

Eunice.kk

老杨

您这则新闻不是中文的，所以转移到英文栏目。