Calgary housing prices mark milestone

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Last updated Apr 12 2006 12:28 PM MDT
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The cost of a single-family dwelling in Calgary has surpassed the average price of a similar home in Toronto by about $5,000.

7 S6 g# y% z9 \The president of the Calgary Real Estate Board, Kevin Clark, says he's never seen anything like it before.

( p: A# I* C6 l& @! TThe 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.

' a1 a! K8 I1 f' z/ z7 SVancouver is the still the hottest market at nearly $500,000 for a single-family home.
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% U# d& b2 _/ pClark says there's one reason Calgary's market has shot up so quickly.
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0 Q; p0 W, p+ d# D3 D2 I# A; a: y"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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5 {! a& Z) j1 `& D9 H0 q( ?3 @) g"The market place remains to be a strong market place and economy remains strong so the numbers are reflective of that."
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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.
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Georgiana 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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: ?8 ~  _5 a9 i' K3 w注意是苦笑噢。