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Canadian real estate market a tale of two cities

Posted on 17 April 2012

Jim FlahertyIt’s a title Vancouver is more than happy to relinquish. Canada’s hottest real estate market is finally cooling off, new sales figures show, much to the relief of those who have grown weary of talk of a West Coast property bubble.
At more than $761,000, the average cost of a Vancouver home is still higher than anywhere, but was 3.1 per cent lower in March than in the same month last year. Sales activity is slower, too, down 22.3 per cent through the first three months of 2012………………………………………..Full Article: Source


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