 鲜花( 0)  鸡蛋( 0)
|
Home values up more than 200 per cent between 1997 and 2007
4 |1 u0 ]& h0 s; R
8 r3 F2 M( t* K$ eEDMONTON - Homes in Edmonton jumped more in average price than anywhere in Canada over the past decade, says a new report by Re/max.
) Q) q% n8 `8 } p$ y' S' b
" d/ m. _/ L+ p/ \+ O! \0 dHome 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.
! S1 c9 q. j/ y1 X5 r {/ B' Z
6 ]7 h+ A8 n, RA home's average price in Alberta's capital rose to $338,636 in 2007 from $111,587 a decade ago." l( h4 R$ k* J: a1 g3 y
0 Z% I8 t+ U* f. n( oBooming population, limited inventory of homes and a hot economy are behind some of the tightest market conditions in the country, the report said.
1 _" {7 i2 y% p# p7 Q" f
( T& ~2 R" v/ b5 D8 @- k5 gFirst-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.
( B. z% E' O5 I! s. F+ _( p! R% ?
In recent years, the report suggests move-down buyers, aging baby boomers, are driving the condo market.
) |1 {( F3 ~9 d3 {; l7 w! {
- {/ V1 K" y+ w. H# {$ C# m"While 2007 was a roller-coaster year for real estate activity in Edmonton, 2008 holds more promise," the report said.
: F4 G# h% o+ X" r, i3 S* K% [( ]5 H$ x! t
It points to falling numbers of homes for sale, predicted lower interest rates and continued strength in the oilpatch.
. B6 T& B3 k+ K8 X" h' ~" `4 O, U/ p" {& R2 w8 C+ X
In Calgary, housing values nearly tripled, climbing to $414,066 from $143,305 in the same period. |
|