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Published 1 year ago

In The News for March 22 : A spring renewal for Canada's housing market

Summary by Ground News
Canadian Real Estate Association data showing average prices have dropped 19 per cent from their February peak of $816,578 to $662,437 last month. BMO Capital Markets' chief economist predicts they will bottom out after falling 20 to 25 per cent. February’s new listings totalled 51,366, down 26% from a year ago. On a seasonally-adjusted basis, they hit 57,535, down nearly eight per centfrom January.

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