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Canadian Home Prices Surge by Record 3.5% With Rates Set to Rise

The number of new listings jumped 24% in Canada last month. — The number of new listings jumped 24% in Canada last month.
Photographer: Brett Gundlock/Bloomberg

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March 15, 2022, 2:02 PM UTC

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Canadian home prices posted a record surge in February as buyers piled into the market ahead of what’s anticipated to be an aggressive set of interest rate increases by the nation’s central bank.