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Ron Chalmers, edmontonjournal.com) y! z3 A+ z3 z$ ]) G. [" R% O$ V
Published: Wednesday, April 04, 2007
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.
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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.1 ~. a1 v9 M, U/ B+ V
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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.# u, [4 l- c+ a- D4 r( r3 d
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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.6 g) ?8 J5 u9 {% \
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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." |8 e4 }) n; ]& z/ Z% ]6 G
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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