Edmonton leads Canada in housing-price jump

check

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

EDMONTON - Homes in Edmonton jumped more in average price than anywhere in Canada over the past decade, says a new report by Re/max.
9 J6 i5 A4 o8 q3 q4 v
1 P: ~* X- R- Q; xHome 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.
, Y& b! B3 E. u  m6 p# n
A home's average price in Alberta's capital rose to $338,636 in 2007 from $111,587 a decade ago.
, g, ?8 g% B" d
Booming population, limited inventory of homes and a hot economy are behind some of the tightest market conditions in the country, the report said.

$ a7 Q0 R4 k% d! {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.

In recent years, the report suggests move-down buyers, aging baby boomers, are driving the condo market.
# o( P! B4 W2 c+ i0 L/ F, _) k
"While 2007 was a roller-coaster year for real estate activity in Edmonton, 2008 holds more promise," the report said.
5 u* C0 n! R9 H, h
It points to falling numbers of homes for sale, predicted lower interest rates and continued strength in the oilpatch.

, g' J5 e" a+ [0 WIn 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。