Residential property values drop for second year in a row in Edmonton

For the second year in a row residential property values decreased in Edmonton.
Between July 1, 2016 and July 1, 2017, overall residential properties dropped 0.2 per cent, according to the city’s property value assessment, released Tuesday. That compares to a 2.7 per cent decrease the year before.
However, a typical single-family, detached home in Edmonton increased by 0.6 per cent and is now valued at $399,500.
Duplexes, triplexes and fourplexes decreased by 0.2 per cent, while Condo