Canadian housing slowdown
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Canada’s house prices are stagnating, after moving strongly up in 2009. Despite record low mortgage rates, stricter policies, new sales taxes, and interest rate hikes are calming the market –
The housing market is likely to continue slowing in the second half of 2010. Average residential resale prices are projected to rise just 1.6% in 2010, with gains in all provinces’ expected moderate, according to the Canadian Real Estate Association (CREA).
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