Strong housing prices expected amid slowing sales

Globe and Mail

The Canadian Real Estate Association will be releasing April's housing data on Thursday, and the report is expected to show that prices are strong even though sales have been lacklustre.  "Price gains remain firm in much of the country, with average prices expected to be up about 6 per cent year-over-year, steady from the prior month," Bank of Montreal  economist Benjamin Reitzes wrote in a research note.

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Michael James

Michael James

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CENTURY 21 Explorer Realty Inc., Brokerage*
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