Local condo prices sink

Royal LePage’s third quarter House Pricing Survey results are in, and while Fort McMurray saw a slight increase in the price of two-storey homes, condo prices evened the playing field by taking a sizable dip.

Year-over-year results show average two-storey home prices have increased by 1.4% to $730,000, detached bungalow prices have decreased by 1.8% to $625,000, and standard condominium prices plummeted 7.9% to $350,000.

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