Wednesday, August 08, 2007

Edmonton Real Estate Has Begun To Cool After Huge Surges In Prices And Sales In The Last Year

Edmonton real estate has begun to cool after huge surges in prices an sales in the last year. Last month the price of a home in Edmonton fell for the first time in many months, triggering concern that the housing market is cooling in the city. The Edmonton Journal Reports.

Real Estate in Calgary is still flying high, too high for most. The average home price is now $500,000 in cow town. This is way out of reach for most working people in the city. The rising oil prices will only further fuel high home prices. On the positive side MLS reports a very high inventory in Calgary, relatively speaking. Alberta Index reports.

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