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Edmonton’s housing market shows strength for 2013

EDMONTON - Edmonton housing prices continued to climb steadily during 2012, with the average of all homes at $333,140 in December — a jump of 5.4 per cent over the same period last year, the Realtors Association reported Thursday. Single family homes did even better, ending the year with an average selling price of $391,427, up 6.8 per cent over last year. However, condominium prices were down slightly, by less than one per cent for 2012, with the average selling price $225,143. “We are in a good place and see very stable growth ahead,” said Doug Singleton, the association’s outgoing president who has handed over duties to Darrell Cook for 2013. After a sharp spike in prices in 2007 was followed by a steep decline, Singleton said the market has mostly recovered from those gyrations. “We are back to the prices of 2006 before that spike, with some areas above the 2007 level.” The association will be releasing its 2013 forecast next week. “The fin ...

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