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Canadian Home Sales Decline Again in September | Markets & Money News
In September, Canadian home sales continued to decline, with a 2.3% drop from August and 7.7% year-over-year, driven by rising mortgage rates. The Home Price Index saw a slight decrease of 0.4% from the previous month and a more significant 3.4% decrease compared to last year. Newly listed properties also fell by 1.8%, indicating that sellers are possibly waiting for more favorable market conditions. The outlook remains uncertain as a potential rate hike by the Bank of Canada looms in December,
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