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The new real estate landscape

The property market has been slowing for months across much of Canada and the recent turmoil in the financial sector could slow things even more. Banks are toughening lending practices, fewer discounts are being offered on  rates and several players have pulled out altogether.

Such is the new landscape of the housing market as listings surge, sales plunge, prices cool - and the final sparks fizzle out on one of Canada's strongest-ever residential real estate booms.

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September 19, 2008 in Canadian Real Estate Market | Permalink

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