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Canada’s hot housing market chills in September as prices drop

Posted on 25 October 2012

Canadian home prices in September fell the most in nearly two years, suggesting that recent changes to the country’s mortgage rules have reined in Canada’s once-hot housing market.
The Teranet-National Bank Composite House Price Index, or HPI, fell 0.35% in September from August, with price drops observed in six of the 11 major Canadian cities watched by the index, including British Columbia’s Vancouver and Victoria markets, as well as Montreal………………………………………..Full Article: Source


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