Calgary housing prices mark milestone

屯民

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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4 M4 s7 K( n4 xThe president of the Calgary Real Estate Board, Kevin Clark, says he's never seen anything like it before.
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4 L8 i! d& f# n, k) ^: eThe 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.

! H2 v8 O8 z* KVancouver is the still the hottest market at nearly $500,000 for a single-family home.

! i  G6 ]/ l/ c2 Z0 C1 {" ?- LClark says there's one reason Calgary's market has shot up so quickly.
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"The numbers of our average sales prices are certainly indicative of the strength of the local economy and the Alberta area," says Clark.

' a9 `: l; S& N6 O8 G: B% r"The market place remains to be a strong market place and economy remains strong so the numbers are reflective of that."
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/ {% c+ u1 P  nRealtors in both Calgary and Toronto say they've seen inner city homes go for as much as $200,000 more than the asking price.

: X2 x2 ^- l5 S5 i  zGeorgiana 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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