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Canadian home sales brace for 30% drop on virus outbreak

A roaring start to the spring house-hunting season has ended in a whimper

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By the time the dust settles on what's likely to be months of disruption, Canada could see resales plunge 30 per cent to a 20-year low and the first nationwide drop in prices since 2009, according to Royal Bank of Canada (RBC).

Vancouver

REAL estate listings are drying up, open houses have been cancelled, and buyers are staying home. One more pillar of the Canadian economy is under threat from the coronavirus pandemic.

What was a roaring start to the spring house-hunting season has ended in a whimper....

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