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'Frenetic' price growth in real estate market to slow in 2016: Royal LePage

2016-01-13 13:21:28| Real Estate - Topix.net

Realtor Royal LePage says it expects the national real estate market to slow this year due to eroding affordability in Toronto and Vancouver and the fallout from declining oil prices in Western Canada. In its latest report, the realtor says the average price of a Canadian home increased 6.5 per cent to $500,688 in the fourth quarter of last year, compared to the same period on 2014.

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