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Fewer sales, higher prices a quandary for Canadian real estate market

Posted on 04 October 2012

The average price of a home in Canada rose between 1.8% and 4.8% on a year-over-year basis in the third quarter, depending on the type of home, according to data released Wednesday by real estate firm Royal LePage.
The price for an average standard two-story home climbed 4% in the quarter from a year ago, to about 404 thousand Canadian dollars (US$409,000), while standard condominium prices rose 1.8% to C$244,000………………………………………..Full Article: Source


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