Resale housing prices sizzle in Canada - Double those of new homes.

August 11, 2010  - But study comes on heels of sobering data that indicate real-estate sector cooling off
Property values are rising faster in the resale housing market than for new homes, a report by Scotia Economics said yesterday.

Over the last decade in Canada, the average cost of a new home grew by slightly more than 50 per cent, while the average price of an existing house rose by more than double, Scotia's Global Real Estate Trends report said.

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Marlene Ofter

Marlene Ofter

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