Home sales post surprise surge

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"Housing may not manage to pack as strong a punch next year as it did in 2007 for the Canadian economy, but it's also highly unlikely to suffer a knockout blow either, a la the U.S. market over the past year" Sales of existing homes posted their second consecutive and unexpected monthly gain in November, up 3.2 per cent from October and 7.6 per cent over the same month last year, according to data released Monday by ... via Globeinvestor.com

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