Is it true that Canada housing market is depicting a negative trend?

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yes, housing market in canada showing down trend.

primary reason downtrend in housing market introduction of introduced harmonized sales tax (hst) in ontario , british columbia

biggest decline in houses in canada registered in vancouver 45 percent fall.
ontario housing market went down 8.0 percent while of b.c.(british columbia) down 14.1 percent.

introduction of hst stricter canada mortgage insurance regulations , backup in borrowing costs have inevitably given harsh blow canada housing market.

what reasons downtrend in canada real estate?


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