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That's right, Hamilton, Ont. - or, specifically, the Hamilton-Burlington real estate district - not Vancouver or Toronto. Regional markets in proximity to Canada's highest-price cities continue to experience steady interest from local move-up buyers and buyers who are looking to find a balance between affordability and square footage.
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Nationally, real estate markets remain healthy, with home values showing modest to strong price appreciation in almost every Canadian city. New measures introduced by the federal finance ministry on October 3, designed to cool the housing market, have led to a decline in sales in Vancouver.
Strong historic home price growth might be an expected result, given that real estate is a proven performer over the long term. But looking at price growth in these four-year windows from now to 1984 shows some pretty staggering appreciation.