Calgary housing prices mark milestone

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Last updated Apr 12 2006 12:28 PM MDT
' r( K  T. ?1 ^  O; fCBC News
7 H/ N1 o% o! \" s* a/ T* a0 jThe 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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2 W1 l: \# v8 s0 g: s, ^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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9 I6 V8 U7 O3 \Vancouver is the still the hottest market at nearly $500,000 for a single-family home.
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Clark says there's one reason Calgary's market has shot up so quickly.
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: s: o4 T* s% r8 I6 @"The numbers of our average sales prices are certainly indicative of the strength of the local economy and the Alberta area," says Clark.
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"The market place remains to be a strong market place and economy remains strong so the numbers are reflective of that."
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4 I. ~# k6 I$ S1 d3 wRealtors in both Calgary and Toronto say they've seen inner city homes go for as much as $200,000 more than the asking price.
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Georgiana 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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) Y! R' R' X: n0 P注意是苦笑噢。