(Source: Property Wire)

A heated debate about whether the property market in Canada is heating for a bubble has emerged as the latest official figures shows that real estate sales grew 72% in December compared with the same month a year before.

The figures from the Canadian Real Estate Association (CREA) set a new record for the month. But it claims that investors should not read too much into the data as overall the 2009 market saw a decline of 10.7% from the record breaking pace set in 2007.

Read the full article, “Real estate industry in Canada try to calm fears of property bubble” at PropertyWire (Jan 20, 2010).

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