Edmonton leads Canada in housing-price jump

check

Home values up more than 200 per cent between 1997 and 2007
0 C( g* J' d8 e+ B9 R. x
, T. c; U8 |8 a8 D6 `) I0 H/ Y0 f7 ]EDMONTON - Homes in Edmonton jumped more in average price than anywhere in Canada over the past decade, says a new report by Re/max.
5 F8 h' b" c, D) G
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.

, L& i+ V, V! c( b+ X$ bA home's average price in Alberta's capital rose to $338,636 in 2007 from $111,587 a decade ago.

. B* y7 a, G; c/ ZBooming population, limited inventory of homes and a hot economy are behind some of the tightest market conditions in the country, the report said.

% J" F$ x) m1 n" u7 B$ 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.

. |! |) Y: d" D4 k"While 2007 was a roller-coaster year for real estate activity in Edmonton, 2008 holds more promise," the report said.
* A3 r6 S: u9 T  l5 S: X* _
6 S: _& b! U* [6 @) n) XIt 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。