Calgary housing prices mark milestone

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Last updated Apr 12 2006 12:28 PM MDT
7 f) p% R, J# U1 ]CBC News
The 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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: c% @% P, k! C! y+ ~8 m5 j5 B) l% EThe 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.

Vancouver is the still the hottest market at nearly $500,000 for a single-family home.
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/ B# R; l: A$ z) f& {- p" R+ qClark says there's one reason Calgary's market has shot up so quickly.

! J. {% Q+ Q" Q, ?$ c" G"The numbers of our average sales prices are certainly indicative of the strength of the local economy and the Alberta area," says Clark.

"The market place remains to be a strong market place and economy remains strong so the numbers are reflective of that."

+ ~7 L6 M: [1 N. {Realtors in both Calgary and Toronto say they've seen inner city homes go for as much as $200,000 more than the asking price.

( U. G! v7 H/ tGeorgiana 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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; v( p% P9 w; h$ ^" v) E$ ]注意是苦笑噢。