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Old 12-02-2008, 02:12 PM
trent trent is offline
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Join Date: Jun 2008
Posts: 387
Default Canadian real estate market decline gathers speed

Canadian Real Estate Association recently released the Canadian real estate sales numbers for October 2008. Here are some numbers from their report:

-- Seasonally adjusted residential MLS® sales were 32,048 in October 2008, which represents a decline of 14% from September 2008. Also this was the biggest month-over-month decline in sales since June 1994.

-- The exceptionally bad sales in Toronto accounted for nearly one third of the decline in national MLS® sales activity.

-- The average sale price of residential properties sold via the MLS® in October 2008 was $281,133, or 9.9% down from October 2007.

After all it looks like Canada is not immune to the worldwide real estate slump. Your comments are welcome.
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