Calgary housing prices mark milestone

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Last updated Apr 12 2006 12:28 PM MDT
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7 d$ ~% g; i" P; _" mThe cost of a single-family dwelling in Calgary has surpassed the average price of a similar home in Toronto by about $5,000.

; r( Y$ e$ t  v+ i& GThe president of the Calgary Real Estate Board, Kevin Clark, says he's never seen anything like it before.
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The 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.

Vancouver is the still the hottest market at nearly $500,000 for a single-family home.
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Clark says there's one reason Calgary's market has shot up so quickly.
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"The numbers of our average sales prices are certainly indicative of the strength of the local economy and the Alberta area," says Clark.

8 N+ B$ Q5 p! Y: \7 E- A; }"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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; \. @$ d4 v3 i" N注意是苦笑噢。