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September 2012

Found 1 blog entry for September 2012.

Calgary Home Prices Rise 

Canada’s August real estate sales continued to slump according to CREA. National resale housing activity dropped sharply from July to August by 5.8%. The government’s strong attempt at crushing the market has succeeded at the same time as oil prices and the Canadian dollar have risen and mortgage acquisition has become very tough for most Canadians hoping to buy.

CREA reports that sales activity is down 8.9% from last August yet the national average home price still rose .3%.   Declines were recorded in two thirds of all Canadian markets.  Still, there were 2.8% more real estate transactions in the MLS system so far this year.  Newly listed homes dropped by 1.7% in August. In Toronto, new listings dropped by a staggering 7.7%

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