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Real Estate Briefing - Categorized | Finance, Market Moves more

Is Canadian real estate market becoming overvalued?

Posted on 16 April 2012

Canadian real estate agents may have recorded the first year-over-year sales drop in 11 months in March, regional data suggest, as the Vancouver market plunged.
The value of purchases reported by 11 regional real estate boards fell 1.1 percent from a year earlier to C$12.4 billion ($12.4 billion), as the number of homes sold fell 1.4 percent, according to real estate board data compiled by Bloomberg News. Those markets had a 9.1 percent annual rise in value during the prior month………………………………………..Full Article: Source


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