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EDMONTON - While average resale home prices across Canada nudged upward in the third quarter, Edmonton saw double-digit declines from last year in bungalows, two-storeys and standard condos, says a report released today by real estate firm Royal LePage." X! q' z. w/ [" Q6 T8 z
" `- g5 O0 b( @9 Y- ]The average Multiple Listing Service sale price for an Edmonton bungalow fell 11.8 per cent to $326,429 compared to the third-quarter of 2007, says the market survey.# s' P, ^' k. H Y
$ {" G6 K7 ^- o5 d) W/ q! E; mTwo-storey houses dropped 13.8 per cent year-over-year to $342,857 in the Edmonton market.0 _- A3 s5 I7 d- f/ u$ i0 ^
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Font:****A standard condominium tumbled 18.8 per cent from last year to $216,667.% R! M' T2 l( A. u/ j* @, a
* ?! _) ~% \$ b# m' NAcross Canada, the survey found, on average, standard condos rose by 0.2 per cent to $243,529.
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" T8 p, ~ T8 b8 T7 ~Standard two-storeys increased by 0.1 per cent to $408,927 while the average price of detached bungalows remained stable at $240,000.
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Phil Soper, Royal LePage president and CEO, said Canada's housing market is fundamentally different and stronger economically than the U.S. market being shaken by the sub-prime mortgage crisis." W; w q" N4 k A
+ x) C5 m% h1 f3 L' h; b o"Average house price appreciation curves are beginning to flatten, but this is a completely natural reaction to the explosive gains that characterized the market earlier this decade," Soper said in a release.) {7 K! f% k; I2 o$ ]: e
( G" M3 ^* e0 a0 U5 GThe report said despite dropping year-over-year prices in Alberta, the resource-rich economy is strong and unemployment is low.2 ~3 ]% M" b0 q( l0 f% p! i" H
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"As such, the recent price decline is merely a correction to the dramatic run-up in prices that both Edmonton and Calgary experienced in the past few years," the report said.9 Y+ ~( B8 Y1 f6 A. f! V- a
, V, t* F/ ?9 u& e: K6 b$ z/ g9 EThe survey said the year-over-year drop in the Calgary market varied from a decline of 8.7 per cent for a standard two-storey home, 8.2 per cent for a standard condominium and 6.2 per cent for a detached bungalow.% O) T. u; X8 q0 C4 @9 E
' H5 N; J8 h! i8 p, a7 rbmah@thejournal.canwest.com |
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发表于 2008-10-6 10:43
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