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Home prices fall, but by less than the statistics indicate
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Posted on
Nov 18 2008 2:12 AM
by
adeal
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The ease with which a Canadian could sell a home tightened up sharply last month, as the global financial crisis sapped consumer confidence and economic growth slowed. Reflecting this, Canada's costliest cities for housing have suffered significant price declines from this time last year. From Toronto to Vancouver, the country's highest-priced markets are witnessing a significant drop in average selling prices, as much as 10 per cent in Toronto.
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