Wednesday, December 20, 2006

The Prices Are Falling Like Snow In Canadian Real Estate

In Canada's major real estate markets the average price for a resale home fell $3,500 in the month of November. In Vancouver the price fell a whopping $29,000, but the average price there is still about $520 K. In red hot markets such as Calgary the prices dropped as well. Don't get too upset, prices are still way up over the same month last year, 36% in Calgary and 42% in Edmonton. The full article is available at CBC.ca.

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