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Business » Rising House Prices in Canada Raise Concerns about Overvalued MarketDecember 12, 2013, 20:06 GMT
Canadian home prices increased 0.1 percent in October following no changes the previous month, raising concerns the true north’s housing market is overvalued. On an annualized basis, house prices rose 1.5 percent, the smallest annual hike in more than three years. The New Housing Price Index is released on a monthly basis by Statistics Canada.