Canadian new home prices have fallen again in November according to StatsCan. This was the second straight month in which there was a decline in new housing prices. New Housing prices dropped 0.3% in November from October. This decline has almost eliminated any gains the market saw in the first half of 2008. Although we are still awaiting the December numbers the current gain is at 0.7% year over year, which is the lowest Canada has seen since 1999.
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