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Ron Chalmers, edmontonjournal.com
0 j. ~# T' c, I# N! J4 _Published: Wednesday, April 04, 2007 l8 u- ^* c" P5 ~3 }
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.
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; G- T) K3 E3 l p1 l) X“It is clear that housing prices have not yet peaked,” Carolyn Pratt, president of th Edmonton Real Estate Board said Wednesday, releasing the March sales figures from the Mutiple Listing Service.+ p: ^. x; I$ C1 ?1 O1 r
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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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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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4 ?* m: d0 q2 o. ~5 u* _! ?5 Z1 W“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." w) m- ? n! |: I% 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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