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Ron Chalmers, edmontonjournal.com
) a8 f6 ^; E; A* a7 q! ~ ~8 _Published: Wednesday, April 04, 2007
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$ Z2 @2 q8 [% vAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.. Z3 h7 n& E% S/ E
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“It is clear that housing prices have not yet peaked,” Carolyn Pratt, president of th Edmonton Real Estate Board said Wednesday, releasing the March sales figures from the Mutiple Listing Service.0 G0 @ u9 _8 \/ P' W' m E2 z4 e
0 z& J" ~: k$ t- U% w0 WEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.0 C" t3 m6 o5 |
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In only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.7 r/ U/ c( k; f9 M6 ~; w
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“We’re predicting that prices will continue to rise until August, at four to five per cent per month, then at two per cent per month,” she said today." M7 U3 _. g; }4 N; M0 B
Average prices for single-family homes varied from $501,838 in Southwest Edmonton, and $484,168 in St. Albert, to $320,600 in Morinville, $312,730 in northeast Edmonton and $281,480 in central Edmonton. |
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