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Why the housing market won’t crash in 2013

The 12-month change in the Teranet-National Bank House Price Index has decelerated in recent months to 3.4 per cent, led by declines in Vancouver (-1.4 per cent) and Victoria (-1.7 per cent). Some people interpret this weakness as a sign that a housing crash has started – see, for example, the Canadian Business article “Canada’s […]

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Condos take the biggest hit as home sales drop in the GTA

Home sales continue to slide and prices soften, especially in the 416 region, according to the Toronto Real Estate Board, which recorded a 16 per cent decline in sales compared with November, 2011. Condos took the biggest hit with resale transactions down 25.5 per cent across the GTA and prices down an average of 2.3 […]

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