Spending on Housing Dropped 12% in Canada in June

Posted by Steve Saretsky

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Canadian housing data continued to disappoint in the month of June. As sales dipped, so too did the total amount spent on real estate. The total dollar volume dipped 12% year-over-year in June, totaling C$23.5 billion. A tough blow to government tax coffers which have reaped record sums of property tax dollars in recent years…. CLICK for the complete article