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Canada housing market slows in May as Toronto sales cool

Posted on 06 June 2012

Canadian realtors recorded slowing sales growth last month, regional data suggest, led by a cooling market in Toronto. The value of purchases at seven major regional real estate boards that have reported figures for May rose 4.9 percent from a year earlier to C$11.2 billion ($10.8 billion), according to data compiled by Bloomberg News.
Those markets had an 8.5 percent annual increase in value during the prior month. British Columbia led realtor declines in May, with unit home sales in Vancouver falling 16 percent from a year earlier………………………………………..Full Article: Source


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