Posthaste: How detached home prices sparked a rally in some of Canada's major housing markets this year

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Buyers jumping on lower detached home prices pushed values back up in Toronto and Vancouver in Q2, though not to year\u002Dago levels. Read on.

high-interest rate environment

“Location has been replaced by value and necessity,” Elton Ash, executive vice president of Re/Max Canada, said in the report. “A growing number of buyers are willing to travel further afield to get the best bang for their buck.”

 

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