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Ron Chalmers, edmontonjournal.com' f$ o' _1 ~! a8 D: y: |
Published: Wednesday, April 04, 2007' r8 e0 }! w" [$ t# _( ~7 |
5 d5 C2 f& \6 o1 u0 h1 A, SAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.4 O2 G! r$ j- V4 ]3 w9 }) X# M+ z; _
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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.
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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.1 _; I' t6 D2 Y# e4 @
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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.
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. p' u" j3 P% g7 A! Y n7 D9 O' m“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.
* R/ a( Q- i/ g5 \5 C+ F. wAverage 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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