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Canada: Home sales to rise this year, says CREA

Posted on 17 August 2011

Stable interest rates and rising prices in Vancouver have proved to be positive factors for Canada’s housing industry, according to the Canadian Real Estate Association, which had forecast declining sales but now expects them to increase in 2011.
This is despite the fact that both sales and sale prices dropped in July from the previous month — sales edged down by 0.1 per cent, and the national average price of a home during the month was $361,181 — the lowest it’s been since January, CREA said………………………………………Full Article: Source


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