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Home Prices in Canada Up 12%?

I see today that the Financial Post is reporting big gains in the property values for the country as the spring bounce season gets underway.

In summary: Home prices rise 12% Quarterly rise shows markets has legs By Garry Marr, Financial Post Published: Thursday, March 29, 2007 Home prices for the first three months of this year rose almost 12% from a year ago in a clear sign that the market still has legs, says one of the country' leading real estate companies.

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