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Canada home prices at record, but confidence falls

Posted on 27 October 2011

Canadian home resale prices hit a record high in August, their ninth consecutive monthly gain, but consumer confidence fell for the fifth time in six months, highlighting Canada’s two-speed economy and cloudy outlook.
The Teranet-National Bank Composite House Price Index, which measures price changes for repeat sales of single-family homes in six metropolitan areas, showed overall prices were up 0.9 percent in August from July………………………………………..Full Article: Source


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