Calgary housing prices mark milestone

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Last updated Apr 12 2006 12:28 PM MDT
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) b0 h) s9 X2 m* X* P/ O- dThe cost of a single-family dwelling in Calgary has surpassed the average price of a similar home in Toronto by about $5,000.
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The president of the Calgary Real Estate Board, Kevin Clark, says he's never seen anything like it before.

% A5 M& Q4 V6 e' a0 iThe 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.

7 m+ y9 `' u0 [; OVancouver is the still the hottest market at nearly $500,000 for a single-family home.
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( v6 _1 H0 F2 W0 i1 B5 OClark says there's one reason Calgary's market has shot up so quickly.
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" `* B; S4 W5 b% `- c- S% V7 R"The numbers of our average sales prices are certainly indicative of the strength of the local economy and the Alberta area," says Clark.

* R  Y6 C' g4 ^! ?"The market place remains to be a strong market place and economy remains strong so the numbers are reflective of that."

- k8 f7 g& a) W) GRealtors 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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注意是苦笑噢。