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According to The Canadian Real Estate Association (CREA) shows national home sales slowed slightly in August 2022.
Furthermore, they mention that the actual (not seasonally adjusted) national average home price was $637,673 in August 2022, down 3.9% from the same month last year. The national average price is heavily influenced by sales in Greater Vancouver and the GTA, two of Canada’s most active and expensive housing markets.
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