Canadian home sales surge in December, but market troubles imminent

Posted by Canadian Real Estate Wealth

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Sales of homes across Canada rallied by 2.2 per cent month-over-month in December after November transactions suffered some weakness in the wake of stricter mortgage rules, according to a new report from the Canadian Real Estate Association.

Home prices also went up by 3.5 per cent year-over-year in the same month, up to $470,661.

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