Sherwood Park and the Edmonton neighbourhood of Castle Downs top the nation for highest home appreciation in the last decade, says a survey released Tuesday by Royal LePage Real Estate Services.
In Castle Downs, a typical condominium saw price growth of 633 per cent, highest among the 32 urban areas examined across Canada. Topping the 26 suburban markets was Sherwood Park, where a typical condo went up in price by about 417 per cent over 10 years.
"Once regarded as one of Canada's more affordable places to buy real estate, Edmonton now boasts the title of the city with the highest rate of house price appreciation, among the areas surveyed, when comparing current figures to those from 1998," said the survey.
House prices soared in the one suburban and two urban markets examined in Edmonton.
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