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Sales Dip, Prices Soar in Housing Market | Canada News
Published 1 day, 14 hours ago
Description
Existing home sales dipped 2.4% in June to a 4.09 million annual rate, slightly below forecasts and still far below historical norms. Meanwhile, home prices hit a record high of $446,000 — up three straight years — making affordability tougher for buyers. With mortgage rates near six-year highs, the market’s balancing a slowdown in sales with soaring prices, leaving home seekers stuck in a tough squeeze.
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