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A Warning From The Bank Of Montreal

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It’s no secret that housing prices in St. John’s have jumped dramatically over the past few years.

Lots of people are wondering if we should expect a market correction.

The Bank of Montreal has just released a study looking at housing prices across Canada, and how those increases compare to people’s income.

And St. John’s is definitely singled out for attention.

Dave Macdonald is a regional manager with B-M-O.

He’s on the line from Nova Scotia.

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