Calgary housing prices mark milestone

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Last updated Apr 12 2006 12:28 PM MDT
% J5 F3 c+ K- ^" {2 JCBC News
' w$ M- u8 \4 G, |, e8 t; k  SThe cost of a single-family dwelling in Calgary has surpassed the average price of a similar home in Toronto by about $5,000.

! W3 H' N+ J$ h2 c4 iThe president of the Calgary Real Estate Board, Kevin Clark, says he's never seen anything like it before.

! u4 t7 d; P& ?+ NThe 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.
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3 o8 E+ ~7 b& O( H, g  kVancouver is the still the hottest market at nearly $500,000 for a single-family home.

Clark says there's one reason Calgary's market has shot up so quickly.
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& p5 \9 e1 d+ g3 n5 R6 `/ G"The numbers of our average sales prices are certainly indicative of the strength of the local economy and the Alberta area," says Clark.

"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 $200,000 more than the asking price.
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1 w$ T. O2 J! wGeorgiana 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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) c4 V$ B2 |) o( l/ T+ ~. H  W注意是苦笑噢。