Housing prices continued to rise in February, but rate slowing: CREA

'Canada's booming housing market may be topping out ahead of the key spring home buying season as price increases are slowing even in the country's hottest areas, according to the country's largest real estate organization.

The Canadian Real Estate Association says a survey of five major housing markets showed prices continued to rise in February, but the rate of increases was down.

Gregory Klump, CREA's chief economist, said the slowdown in increases was due in part to a tightening of mortgage rules and simple affordability for homebuyers...'

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