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February house prices defy forecast of slowdown& z6 _$ u) N5 z1 c$ T4 O# ^! S
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EDMONTON - Edmonton home prices still are soaring -- despite forecasts that they would slow in the new year.
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0 J w" N( W$ u' h, L( j0 fSingle-family homes sold at an average price of $375,412 in February, up 5.1 per cent from January -- which was up 4.5 per cent from December.
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. [* }" C4 r! o! T. O' YCarolyn Pratt, president of the Edmonton Real Estate Board, had expected prices to rise 15 per cent in the entire year. But with 10 months to go, "they're catching up very quickly to my 15 per cent," she said Monday.
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0 h5 r& O: [' A# DCondo prices averaged $247,266 in February -- up from $146,933 a year earlier. |
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