Canadian housing market strong
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Buoyed by strong demand and low interest rates, Canadian house prices continue to rise. In the year to end-June 2011, the national house price index rose by 4.52% (1.37% inflation-adjusted), according to Teranet-National Bank of Canada.
Even stronger price-rises are suggested by the latest Canadian Real Estate Association (CREA) figures, which report that average homes prices were up 9.3% on the year, to CA$361,181 (US$369,068).
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