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Slow job growth expected to moderate area housing market; REAL ESTATE: In other parts of Canada,...
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London's hot housing market will flatten out next year with home prices rising only two per cent, says a forecast from the Canada Mortgage and Housing Corp. At a housing outlook conference yesterday, CMHC analyst David Lan said slow employment growth will start to bite into the robust London area real estate market, which has been setting sales records in recent years while home prices rose at the rate of four to six per cent. |