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Canada: Boom times in housing market may be over

Posted on 10 August 2010

From Canada.com: People have been competing wildly for homes and double-digit annual price increases have been the norm. The market corrected slightly in 2008, but the correction was short-lived. Average prices in Canada dropped 10.2 per cent in the first quarter of 2009 from the previous year, but rebounded dramatically.
By the fourth quarter of last year, prices had jumped 19.1 per cent from a year earlier……………………………………….Full Article: Source

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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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