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Canada’s housing recovery ‘back on track’: RBC economist
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Canada’s housing recovery ‘back on track’: RBC economist
Home sales are gaining momentum in several Canadian cities as earlier fears of an economic downturn fade, according to RBC assistant chief economist Robert Hogue. However, the rebound hasn’t stabilized prices in markets where affordability is strained and listings have surged. Preliminary July figures from local real estate boards show the MLS Home Price Index continued to decline in Toronto, Vancouver and other parts of Southern Ontario and B.…
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