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EDMONTON - Edmonton will see the biggest jump in housing prices in Canada this year, according to a major Scotiabank study released Wednesday.
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! k$ G7 V' |3 p& }"Edmonton is the only city to meet all three criteria of strong demand, tight supply and affordability," said Scotiabank economist Adrienne Warren, who studied 23 Canadian cities.7 L$ i9 L' t) W; I
! }/ e* f9 L9 B0 Y* V"This powerful combination will sustain a market-leading pace of construction, sales and & |( b4 \3 J$ L& v Z; Z( R3 Z
Housing demand in Edmonton is sustained by Canada's second-highest rate of combined population and employment growth, trailing only Calgary |
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