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After positive first quarter report, Canada Mortgage and Housing Corporation now forecasting housing prices will stabilize

The hot housing market is expected to stabilize over the next two years with prices, sales, and new construction leveling out. Regional Economist for Canada Mortgage and Housing Corporation Ted Tsiakopolous says the first-quarter 2012 report to underplay fears of a sharp correct that would see prices plummet in hot spots like Toronto. The CHMC expects the average house price in Canada to hit almost $369,000 in 2012 and reach $379,000 in 2013.


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The Durham Real Estate Investor club began in 2008. Whether you are just starting your journey, have been investing for a few years, or are a well seasoned real estate investor the Durham Real Estate Investor Club has many benefits to you.

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