Edmonton leads Canada in housing-price jump

check

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

& k( h3 U9 u! R0 k" w+ \* Q. @EDMONTON - Homes in Edmonton jumped more in average price than anywhere in Canada over the past decade, says a new report by Re/max.

2 C) E( H+ Q3 F6 `Home 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.

- m1 J0 R4 a$ U' l$ ^7 PA home's average price in Alberta's capital rose to $338,636 in 2007 from $111,587 a decade ago.
- T$ l3 r- n/ U, @! g# D. L8 b/ z
3 X( g  u0 F9 m- b, ]Booming population, limited inventory of homes and a hot economy are behind some of the tightest market conditions in the country, the report said.

+ e: Y" }% z2 u4 z9 FFirst-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.

In recent years, the report suggests move-down buyers, aging baby boomers, are driving the condo market.
* j" K/ B9 h) x
"While 2007 was a roller-coaster year for real estate activity in Edmonton, 2008 holds more promise," the report said.

/ B' {. X7 j& M+ [8 O+ {It points to falling numbers of homes for sale, predicted lower interest rates and continued strength in the oilpatch.

In 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。