Calgary housing prices mark milestone

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Last updated Apr 12 2006 12:28 PM MDT
3 j8 u: K5 _. l' ZCBC News
The cost of a single-family dwelling in Calgary has surpassed the average price of a similar home in Toronto by about $5,000.
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" v9 g4 \4 |; B7 [0 W( f2 UThe president of the Calgary Real Estate Board, Kevin Clark, says he's never seen anything like it before.
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5 j7 p; u6 T1 R: \3 L$ LThe 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.

* i! Q6 P% P$ }# oVancouver 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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; c) l6 g3 x, |: Z"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."

9 H3 v7 V* k4 }8 X% l: G7 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.

5 H; h  X# |& dGeorgiana 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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. U" e" U6 C9 p注意是苦笑噢。