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Canada: Housing market rebounding

Posted on 31 May 2011

According to the Canada Mortgage and Housing Corporation, Calgary’s real estate market is bouncing back after prices plummeted during the recession and many were forced to sell to recoup their losses.
MLS sales are expected to increase by five percent in 2011, after a 16 percent drop last year. The CMHC says as the economy improves the gap between what buyers are willing to pay and what sellers are demanding is narrowing……………………………………….Full Article: Source

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