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Home values up more than 200 per cent between 1997 and 2007& U+ ^- n' [$ y4 M1 q, G) T
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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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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.. Q7 W4 R3 V6 m8 [, c
8 N1 l c! d+ G; n- \. r' {# ]% tA home's average price in Alberta's capital rose to $338,636 in 2007 from $111,587 a decade ago.
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7 l- q6 U/ A- \Booming population, limited inventory of homes and a hot economy are behind some of the tightest market conditions in the country, the report said.
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First-time homebuyers sparked the explosion in 1996-97 and have powered the market since then, Re/max said. Buyers trading up, meanwhile, have stimulated sales at the high end of the market.4 o$ ?3 ]; k" r2 r
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In recent years, the report suggests move-down buyers, aging baby boomers, are driving the condo market./ V2 k/ ^ X' U/ u
9 T1 T$ P; H! J+ `"While 2007 was a roller-coaster year for real estate activity in Edmonton, 2008 holds more promise," the report said.) ~ j2 T$ G) q6 c
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It points to falling numbers of homes for sale, predicted lower interest rates and continued strength in the oilpatch.( M6 W; A2 O( V$ q9 d
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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
