Canadian Home Prices Dip as Momentum Stalls Heading to Year-End
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Canada’s housing market tends to slow as winter approaches, and November saw the pace of new listings fall 1.6% from the previous month.Canadian home prices dipped in November as the tentative momentum the market built through the middle of the year petered out heading into the colder months.The number of homes sold nationally fell 0.6% in November from the month before, according to data released Monday from the Canadian Real Estate Association. The benchmark price fell 0.4% to C$674,800 ($490,000).