House price rises continue in Canada

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Despite government attempts to tame the housing market, house prices in Canada’s eleven major cities rose by 5.35% (3.26% inflation-adjusted) during the year to end-Q3 2014.

This represents a rising trend.  Annual house price growth was 4.45% (2.04% inflation-adjusted) in Q2 2014, and 4.64% (3.04% inflation-adjusted) in Q1 2014, according to Teranet – National Bank of Canada.

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