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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, F. C3 x% D1 R& V# {

0 Q4 X; v- H+ B, V9 I2 eEDMONTON - Homes in Edmonton jumped more in average price than anywhere in Canada over the past decade, says a new report by Re/max./ p! B8 E% {+ n# X, W+ I  m" x% u

! M2 G0 Q2 B7 u9 g, oHome 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.
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A home's average price in Alberta's capital rose to $338,636 in 2007 from $111,587 a decade ago.: y: _/ l2 M& Q+ V. ~8 D2 U
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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.2 w4 j4 [& |1 E5 N0 e4 ]

  q. v5 t  r- i- e+ L- oFirst-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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% G8 R) J0 d; Z! H' [In recent years, the report suggests move-down buyers, aging baby boomers, are driving the condo market.9 B5 P, Y( N4 a0 z4 F7 F
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"While 2007 was a roller-coaster year for real estate activity in Edmonton, 2008 holds more promise," the report said.
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# Z1 E- a. y$ z9 V5 e! yIt points to falling numbers of homes for sale, predicted lower interest rates and continued strength in the oilpatch.- Y, `: U: ~* k$ x; L9 u4 r4 s
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In 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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