Canadian Home Prices Rose for the Fourth Straight Month

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Even with Vancouver and Toronto prices remaining stagnant, and Alberta’s battle with oil prices significantly effecting their housing market, the Canadian average home prices rose for the fourth straight month in a row.

On a somewhat related note Prime Minister Stephen Harper recently claimed that Canadian’s mortgage debt loads are “very manageable”.  However, he did acknowledge that: “There are some people who are overexposed, so we encourage people to exercise caution in terms of their borrowing.”