A slowdown in house prices has been reported today by the Canadian Real Estate Association. The annual rise to December was 3.8 per cent, lower than any other month since May 2013. Sales volume was a healthier 7.9 per cent although down almost 6 per cent from November. When broken down there was a large downturn in sales of existing homes in Calgary with a 24.6 per cent drop in December from the month before and Edmonton’s decline was 26.4 per cent. The figures show the biggest drop since 2008 and is being attributed to the weakened energy sector.
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