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Canada housing seen slowing, building permits drop

Posted on 06 November 2012

The pace of homebuilding in Canada will continue to moderate in the last quarter of 2012 and into 2013, while existing home sales should hold steady and prices climb at or just below the inflation rate, Canada Mortgage and Housing Corp says.
The federal housing agency’s forecast on Monday for a weaker, but still healthy, housing sector echoed a string of data that has shown Canada’s recently red-hot real estate market cooling, but without signs of a crash landing………………………………………..Full Article: Source


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