Fort McMurray house prices hit $605,000
Calgary Herald
Saturday, August 11, 2007
So you think the average price of a single-family home in Calgary is crazy these days?
In the oil boom city of Fort McMurray, craziness has reached new heights.
The local real estate board says the average price of a single-family home has cracked the $600,000 mark for the first time.
In July, the average price rose to a staggering $605,495 -- a 29 per cent year-over-year gain.
Last year at this time, the average price of a single family-home in Fort McMurray was $469,877.
By comparison, the Calgary Real Estate Board website was reporting Friday the average price of a single-family home in Calgary in the past 30 days was $507,108.
© The Calgary Herald 2007
