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Housing market in transition in Canada

Posted on 21 February 2013

Home prices slipped in January in Canada for the fifth consecutive month, a development not entirely unwelcome, the country’s central bank governor has said. The Teranet-National Bank House Price Index showed prices down 0.3 percent in an 11-city index, the Canadian Broadcasting Corp. reported Wednesday.
Prices fell in seven of the 11 cities tracked, with the exceptions being Victoria, Halifax, Quebec City and Ottawa. Bank of Canada Gov. Mark Carney in recent remarks said, “real wealth is build through innovation, and it’s gained through hard work. It’s not through some magical asset inflation.”…………………………………..Full Article: Source


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