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Canada: Housing market seen calm, but for ‘Toronto tornado’

Posted on 16 March 2012

Douglas PorterHome sales in Canada climbed 1.4 per cent in February from a year earlier, winning back some earlier slippage and indicating a fairly balanced market. But for what BMO Nesbitt Burns dubbed the “Toronto tornado.”
Overall, the number of new listings rose faster than sales, at 1.9 per cent, the Canadian Real Estate Association said today, while the sales-to-new listings ratio held steady. New listings are now at their highest level since May, 2010………………………………………..Full Article: Source


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