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Canadian Housing Market Continues to Decline, Calgary Defies Trend

Jan 6, 2024  
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The Canadian housing market has been declining for five months, with home prices dropping by 1.7% in November, leading to a yearly gain of just 0.9%. This trend is seen across various regions, except Calgary where prices are rising. The Bank of Canada's increased interest rates have worsened the affordability crisis, causing a decrease in home sales and a surge in rent inflation. This is impacting the cost of living and social dynamics in Canadian cities.

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