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Ron Chalmers, edmontonjournal.com
0 l* v2 ~6 ^2 I# rPublished: Wednesday, April 04, 2007
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+ t9 r, M7 G1 N9 X( p, yAverage 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." b) ?; U9 T" u; y" H
- q! s, j4 A5 rEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.; y4 P% t+ J/ `% u+ ?
6 C+ `" D) T! r: U7 K% ?" n4 pIn only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.
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# ]- |. q v# ]! M1 K; j8 r% V“We’re predicting that prices will continue to rise until August, at four to five per cent per month, then at two per cent per month,” she said today., b% B$ F+ j2 S" {+ ?
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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