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Royal LePage expects mild dip in 2013

TORONTO - The latest Royal LePage report on Canadian real-estate shows average housing prices were up between two and four per cent in the fourth quarter of 2012.

It forecasts a brief, mild dip in sales volume in the first half of this year but that average prices will rise a further one per cent by the end of 2013.

The Toronto-based real-estate marketing firm notes that there are a wide range of conditions in cities across Canada.

It says slower sales and a flattening of home prices in Vancouver and Toronto will have a signicant impact and drag down the national averages this year.

It says some markets, particularly in Alberta and Saskatchewan, are poised for significant growth in 2013.

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