Rising property values in Lethbridge

In this morning’s issue of the Lethbridge Herald:

. . . the typical Lethbridge home’s value [will] rise nearly $25,000 over the year . . . pushing the average resale price to $210,000 by year’s end.

Yet another reason to build high-density downtown.
In fact,

Due to investors’ reluctance to invest in new apartments and rental accommodation, however, the city will continue to fall behind Medicine Hat, Red Deer, Fort McMurray and particularly mushrooming Grande Prairie in the number of multi-family housing starts compared to the current population. Just 136 multi-family units were started in Lethbridge in 2006 — the lowest in seven years . . .

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By Kim Siever

Kim Siever is an independent queer journalist based in Lethbridge, Alberta. He writes daily news articles, focusing on politics and labour.

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