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Home values up more than 200 per cent between 1997 and 2007) O5 g, p9 b( W$ V7 b' v/ a
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EDMONTON - Homes in Edmonton jumped more in average price than anywhere in Canada over the past decade, says a new report by Re/max.
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! P5 g) r' m6 ]% R7 h. oHome 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.$ H, w% G4 t- _. u: f
) ~1 z( v/ r4 ]7 h# D2 Z' t& {A home's average price in Alberta's capital rose to $338,636 in 2007 from $111,587 a decade ago.! d1 |( w& h9 \9 P9 Q! k
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Booming population, limited inventory of homes and a hot economy are behind some of the tightest market conditions in the country, the report said.6 S, h" O( ]- ?, b. {+ j2 ]9 s* o" ~
& ?6 J; l% D+ ZFirst-time homebuyers sparked the explosion in 1996-97 and have powered the market since then, Re/max said. Buyers trading up, meanwhile, have stimulated sales at the high end of the market.9 b, _& F: V" y* y- G, s( y7 V" A
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In recent years, the report suggests move-down buyers, aging baby boomers, are driving the condo market.
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"While 2007 was a roller-coaster year for real estate activity in Edmonton, 2008 holds more promise," the report said.1 ^& P; y/ ^" }
/ G* T$ |! s8 {) H5 M; qIt points to falling numbers of homes for sale, predicted lower interest rates and continued strength in the oilpatch.
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In Calgary, housing values nearly tripled, climbing to $414,066 from $143,305 in the same period. |
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发表于 2008-2-21 10:59
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发表于 2008-2-21 22:29
