Edmonton leads Canada in housing-price jump

check

Home values up more than 200 per cent between 1997 and 2007

! x) o. ^8 i) r' ^EDMONTON - Homes in Edmonton jumped more in average price than anywhere in Canada over the past decade, says a new report by Re/max.

% r/ \; t" L- x; b* f7 jHome 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.

A home's average price in Alberta's capital rose to $338,636 in 2007 from $111,587 a decade ago.
# k$ j# j9 ^" g2 V4 i# S8 I8 ]
! W# ~" w# C4 U8 e* ~& F  R, NBooming population, limited inventory of homes and a hot economy are behind some of the tightest market conditions in the country, the report said.
' k" Q' T: M. A" B* Y
First-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.
; h4 {/ s$ h6 O4 Z  @2 c6 [  i' k2 V/ w
! b  k7 c# d' Q# N) H1 s) RIn recent years, the report suggests move-down buyers, aging baby boomers, are driving the condo market.

, g$ G2 m+ d' k  N$ S. z"While 2007 was a roller-coaster year for real estate activity in Edmonton, 2008 holds more promise," the report said.
. l6 f$ L7 d$ c$ T6 B! F
It points to falling numbers of homes for sale, predicted lower interest rates and continued strength in the oilpatch.
+ Q, u% I$ t& p  g* l
4 E/ S. ^. F6 U% r5 g; b, h" ?% IIn Calgary, housing values nearly tripled, climbing to $414,066 from $143,305 in the same period.

Eunice.kk

老杨

您这则新闻不是中文的，所以转移到英文栏目。