The Good Life

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If the weakness in the U.S. real estate market is making you worry about property here in Canada, consider these latest numbers. Not only is there no sign of a drop, but prices are continuing to go up all across the country, on average more than ten per cent over last year. Here in Toronto, the average price of a home jumped $14,000 in one month October to nearly $395,000, and there was a similar increase in the hamilton-Burlington area. The priciest real estate in the country is still in Vancouver, it rose $8000 the top $590,000. What’s the hottest market? The biggest gains in values in October were in Saskatoon and Regina. Prices there skyrocketed more than 50 per cent.

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