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Bubble watchers set to eye Canadian housing data

Posted on 26 April 2012

Bank of Canada policy makers are weighing whether to raise interest rates over the next few months, so you can bet they’ll be looking to any drop of news from the housing market to help guide their decisions.

Although it’s a bit long in the tooth, the Teranet-National Bank Composite House Price Index for February comes out Wednesday, offering a gauge of how much more or less it costs to buy an existing single-family home. The index is rather limited on the whole, in that it does not provide actual prices, and it only tracks the rate of change in prices on properties where homes have been sold at least twice………………………………………..Full Article: Source


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