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The monthly Metropolitan Resale Snapshot provides an overview of the existing home market and expectations for existing home price growth over the short term for 28 areas.
Sales levelled further in July, as effects from the federal government’s mortgage stress test continued to subside. Between June and July, transactions advanced in 18 our 29 areas, with eight of these markets enjoying at least a 5 per cent increase. B.C. markets enjoyed stable-to higher volumes, with Fraser Valley sales rebounding from a June slump.
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