A Short Report That Shocked the Markets
The Canadian Investor
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Canadian Residential Real Estate Market
The Canadian Real Estate Association is the country's largest real estate association. The average price of a home in Canada has dropped from around $800,000 last year to close to 600,000 now. Both provinces are seeing some pretty significant decline and I would kind of venture that it's probably located around Vancouver area in BC and Ontario around the GTA. But Alberta, Prince Edward Island and youth and line are actually seeing some decent increases.
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