Two Real Estate Stories in the News for Thursday, March 15th 2018

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Canada home prices dip in February, Toronto pulls back

Canadian home prices dipped in February after two consecutive months of gains, weighed by declines in Toronto and a number of other cities, data showed on Wednesday. Price growth also continued to decelerate on an annual basis. Home prices were up 7.5 percent compared to last year, the smallest annual increase since March 2016. On a monthly basis, prices were down in seven out of the 11 cities surveyed, including a 0.1 percent decline in Toronto. Home sales in Canada’s largest city have been dampened by tighter mortgages rules and moves taken by the Ontario government last year to try to cool the market.

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Chinese overseas property investment hits record high in 2017

Chinese investors spent a total of US$39.5bn on overseas property last year - an increase of eight percent compared to 2016, according to Colliers International.

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Two Real Estate Stories in the News for Wednesday, March 15th 2018