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House prices in Canada’s eleven major cities rose by just 1.95% during 2019 and actually fell by 0.32% when adjusted for inflation, based on figures from Teranet – National Bank of Canada. This is a clear slowdown from y-o-y rises of 2.51% in 2018, 8.92% in 2017, and 12.25% in 2016, and the weakest performance since 2008 when house prices declined by 0.79%.

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In the last quarter of 2019, house prices increased by a minuscule 0.32% (0.14% inflation-adjusted). However prices are expected to take off soon. Construction has fallen, inventory is low, yet demand is rapidly rising, partly in response to strong immigration.

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Real estate can refer to land itself (real property), including what grows or is built on the land; ownership of real property; and the real estate business, i.e., brokers, agents, builders, developers, property managers, mortgage lenders, investors, consultants and appraisers who work in the real estate industry.

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Property Development Company

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Archietecture Firm

In the United States, an architectural firm or architecture firm is a company which employees one or more licensed architects..