Edmonton residential property values drop for second year in row

Edmonton’s recent recession is likely the culprit as the overall residential property assessments released Tuesday sank for the second year in a row.
Although the value of single-family detached houses rose by 0.6 per, the total for all residential locations dropped by 0.2 per cent compared to 2017, city assessment and taxation branch manager Rod Risling said.
The results were pulled down by lower values for condominiums, townhouses, duplexes and other homes, city figures show.
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