Canadian home prices falling steadily
Home prices continued to decline across the country in July and the pace of the depreciation is picking up, according to the Canadian Real Estate Association.
The Ottawa-based group said the average price of a home sold last month was $353,147, a decline of 2% from a year. The year over year decline in June was 0.8%.
Recent changes to mortgage regulations were widely expected to temper sales and prices in Greater Toronto and Greater Vancouver, and the data released today confirms that
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