New home prices down for first time in decade
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Vancouver, where home prices had risen the fastest over the past few years, saw a monthly drop of 1.1 per cent in new-home prices in October as demand cooled rapidly. Year over year, prices were down 0.4 per cent. In Victoria, contractors’ selling prices decreased 1.1 per cent year-over-year, the agency said, down from an annual increase of 0.2 per cent in September.
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. New home prices down for first time in decade