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Canada not set for U.S. housing crash, Royal LePage says

Posted on 06 October 2011

Canada’s housing market will cool off in coming months, but a U.S.-style housing crash won’t happen, one of the country’s biggest real estate firms said.
Housing prices jumped between 5.7% and 7.8% in the third quarter of the year compared with the same period in 2010, Royal LePage said. Buyers were tempted by low interest rates and the relative stability of the Canadian economy despite global gloom, it said……………………………………….Full Article: Source


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