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Ron Chalmers, edmontonjournal.com2 n, Y" D$ I- |9 ^
Published: Wednesday, April 04, 2007# ~1 l1 m% {+ D3 U* t( ~' c5 E, }, N
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region./ k3 {3 G6 j S+ C( m
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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.3 ` S; h: G& d/ R9 S
+ [6 O! I# T7 x# ?Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.( ~: V# w7 j$ |0 }
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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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0 _ P* X# @& M& _, G$ K“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.* w1 n1 D% M# W$ T8 o# d6 a
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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