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Ron Chalmers, edmontonjournal.com
4 I; z2 m# r" J8 x1 U1 L( B) ]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.5 J) w/ n- J1 v7 V
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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.2 ]. c, ]0 _: y7 x
. C% H) O& T! h1 w& I# XEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.
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% `/ k; e3 ]3 G. [9 B$ s( }- D: J2 AIn 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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9 ~5 e* u6 H% ^( p“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.
( _6 q. `6 K1 M/ N0 M0 a/ j# _1 w: |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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