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A for sale sign sits in front of a Mississauga residential home.

Fewer housing sales and more listings may bring some long-awaited balance to the Canadian housing market, says the latest report from the Canadian Real Estate Association.

While home prices are still on the up, a drop in sales activity in June points to a possible chill in Canada's housing market.

Robert Hogue, a senior economist with the Royal Bank of Canada, joined us and answered questions about the state of the Canadian housing market.

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