Hopes for a real estate rebound are facing a “fresh” setback with house prices flat again in August and the Canadian Real Estate Association (CREA) warning that higher borrowing costs could weigh on the market. According to CREA’s latest report, the national benchmark home price was $657,400 in August, unchanged from July and three months earlier. Prices were down three per cent year over year and 0.6 per cent from six months ago.
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