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Canadian housing market shows signs of stabilization

Posted on 18 February 2013

There were signs of stabilization in the housing market as prices continued to climb in January, while total sales fell from a year before, according to the Canadian Real Estate Association.
The average national sale price of a home rose two per cent from January 2012 to $354,754 last month, while the number of homes sold in January declined 5.2 per cent from a year earlier. CREA says that’s due to tighter mortgage rules that came into effect midway through last year.Sales rose 1.3 per cent from December to January………………………………………..Full Article: Source


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