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READ MORE: Here’s what $500K homes look like in 14 Canadian cities But the most recent housing prices out of Victoria suggest the market is “gradually moving toward a more balanced state compared to the record-setting pace of 2016,” real estate board president Ara Balabanian said in a news release.“Local agricultural production has been delayed due to the late spring, and so has the local real estate market.” he said. " data-medium-file="https://shawglobalnews.files.wordpress.com/2018/07/genetictest.jpg? quality=70&strip=all&w=300" data-large-file="https://shawglobalnews.files.wordpress.com/2018/07/genetictest.jpg? quality=70&strip=all&w=720" /A CF-18 Hornet in Cold Lake, Alberta on Tuesday October 21, 2014.

He added, however, that “inventory is still low, which means that buyers may encounter multiple offer situations in some of the high-demand areas.“There is still more demand than supply.” A reporter collects a saliva sample for an Orig3n Inc. The Canadian CF-18 Hornets were making their way to Kuwait, to join the fight against ISIS.

The index showed home prices growing by 1.2 per cent in April over March, the 15th straight month in which they’ve gone up.

Meanwhile, prices grew by 13.4 per cent year-over-year, down from 13.5 per cent in March and representing the “first deceleration in 15 months.” Home price gains year-over-year were driven by three cities: Toronto, where prices grew by 26.3 per cent; Hamilton, where prices jumped by a record 22.9 per cent; and Victoria, where home prices hiked by 19.2 per cent.

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The gains were enough to push the index to the highest level on record. city now ranks among world’s top two luxury home markets, and it’s not Vancouver The index was released in the same week as a report from Christie’s International Real Estate.

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