Posted AT 2:17 PM EST on 18/10/06
Soaring Canadian home prices should start to slow
The pace of house-price increases should ease next year because of an influx of new listings, returning the market to more “balanced” conditions, a real-estate company predicted Wednesday.
Across Canada, the number of homes for sale is seen climbing, Re/Max said in its housing market outlook for 2007. Demand, meantime, should remain strong.
The predictions come after average house prices have posted double-digit gains over the past few years.
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