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Tight Market Conditions Keep Home Prices at Historic Highs

Author: External Author | | Categories: Business Financing , Home Mortgage , Mortgage Associate , Mortgage Broker , mortgage interest , Mortgage Rates

Canada’s average home price remained at a historic high in November as housing inventory remains at historic lows.

The average sale price in the month was $603,000, 13.8% from a year earlier, according to data released by the Canadian Real Estate Association (CREA). Removing the high-priced markets of Toronto and Vancouver, the national average price was $481,000, up 19% from a year ago.

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Original Article Source Credits:   CANADIAN MORTGAGE TRENDS ,

Article Written By:  Steve Huebl

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