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Vancouver property price hike pushes up country average
Published Wed, Mar 16, 2016 · 09:50 PM
Ottawa
A SOARING real estate market in Vancouver helped push the national average home price in Canada above the half-million dollar mark for first time in February, stoking concern that risks are becoming lopsided.
Average resale prices jumped 16 per cent in February from a year earlier to C$503,057 (S$520,779), the Canadian Real Estate Association said on Tuesday from Ottawa, as prices rose 26 per cent in Vancouver.
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