Calgary housing prices mark milestone

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Last updated Apr 12 2006 12:28 PM MDT
+ v& b& E# ^& s5 B3 R2 jCBC 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.

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 $358,000 in Toronto.
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; Y  C1 t9 i1 G* b$ l) ?Vancouver is the still the hottest market at nearly $500,000 for a single-family home.
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9 H4 i5 h. H9 _7 }' p/ L5 NClark 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.
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# A# j( J( _& b5 e2 Y4 X- `"The market place remains to be a strong market place and economy remains strong so the numbers are reflective of that."

; A; @( q% l" Q; [% URealtors in both Calgary and Toronto say they've seen inner city homes go for as much as $200,000 more than the asking price.

9 L6 @; s" u8 q  y5 l( i4 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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( a, g/ j) o( n/ J8 A' W注意是苦笑噢。