Home prices rise

Edmonton Sun - - NEWS - Gor­don Kent gkent@post­media.com @GKen­tYEG

av­er­age ed­mon­ton home prices rose by four per cent in the July to Septem­ber pe­riod com­pared to the same time in 2016, ac­cord­ing to the royal LePage House Price Sur­vey re­leased thurs­day.

Last sum­mer’s me­dian home price — the mid­way point of all the val­ues — was $389,330, the sur­vey showed.

the in­crease was higher for stan­dard ed­mon­ton two-storey houses, which saw me­dian prices go up by five per cent for the same pe­riod to $449,364, while bun­ga­lows climbed 2.4 per cent to $373,246.

Me­dian con­do­minium prices grew three per cent to $246,718. the re­lease quotes one bro­ker say­ing the best value in ed­mon­ton’s hous­ing mar­ket is down­town con­dos, which haven’t gained as much as in other neigh­bour­hoods.

While the lo­cal real es­tate mar­ket is stronger, it still lags be­hind what’s hap­pen­ing else­where in canada. the na­tional sur­vey showed the av­er­age cana­dian home price in­creased 13.3 per cent to $628,411 in sum­mer 2017 com­pared to sum­mer 2016.

the me­dian price of a stan­dard two-storey house rose 13.9 per cent to $748,049, and bun­ga­lows went up 9.5 per cent to $525,781.

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