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WHAT'S PUSHING HOUSE PRICES?

From Friday's Globe and Mail

Even with new mortgage rules, the Canadian Real Estate Association predicts a sizzling spring market. Here are three guesses as to what's driving sales in Canada's hottest markets:

Toronto

90% Continued low inventory

10% Proximity to raw-milk cheese boutiques

Vancouver

12% Chance to prove you can afford a home in Canada's "most unaffordable" market

88% Desire to purchase before new rules apply

Calgary

73% Proximity to oil sands

27% The fact that Calgary is still cheaper than Fort McMurray

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