Calgary housing prices mark milestone

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Last updated Apr 12 2006 12:28 PM MDT
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2 I* Q7 @9 D5 `4 `% p/ G2 b) I8 xThe cost of a single-family dwelling in Calgary has surpassed the average price of a similar home in Toronto by about $5,000.
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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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Vancouver is the still the hottest market at nearly $500,000 for a single-family home.

. g2 \% w% m8 a5 J/ GClark says there's one reason Calgary's market has shot up so quickly.
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" q: u& i- ~# ?) \) t& m"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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' U) a% L( x. O"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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( y& t- J4 n) c: JRealtors in both Calgary and Toronto say they've seen inner city homes go for as much as $200,000 more than the asking price.

6 D4 W; a9 A, HGeorgiana 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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7 j1 G% E8 W4 D. P注意是苦笑噢。