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Canada: Property sales drop but prices stay steady

Posted on 17 December 2012

House sales may be plunging in many Canadian cities, but prices are still holding up as sellers retreat rather than opt for less. Observers expect to learn that national sales dropped by about 12 per cent in November from a year earlier, when the Canadian Real Estate Association releases its monthly report, expected Monday.
Certain local real estate boards, such as those in Toronto, Vancouver, Montreal and Calgary, have already reported, with all but the latter showing broad declines………………………………………Full Article: Source


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