The Canadian Real Estate Association has a new method to test the housing sector’s performance, and the first set of results show that real estate prices are up 5.2% in January versus January 2011, and up 0.27% month-over-month. Currently the new method is incorporating information from 5 markets across Canada, so the numbers can be a little misleading, even though they represent about half of all the real estate activity in the country.
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