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Ron Chalmers, edmontonjournal.com
6 R' K7 p) G5 A: hPublished: Wednesday, April 04, 2007( @, }6 L: T* I+ c) T* {
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.3 Z4 @& Z3 g% `. R
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“It is clear that housing prices have not yet peaked,” Carolyn Pratt, president of th Edmonton Real Estate Board said Wednesday, releasing the March sales figures from the Mutiple Listing Service.1 x$ p% c- X* N
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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.
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/ N- U4 ^' @) l0 N9 J) }/ m! }2 KIn 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.& o: A; B: O5 p8 q0 `
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“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.
: K# w3 f) o. U. P }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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