Report says detached home prices in Vancouver and Fraser Valley down

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Report says detached home prices in Vancouver and Fraser Valley down
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Re/Max says close to 93% detached houses in Vancouver posted a decline in values

A report by Re/Max Canada says prices for detached houses in Toronto, Vancouver and B.C.'s Fraser Valley saw upward momentum in the first half of the year, but average prices fell short of those seen last year in most neighbourhoods.

It says a substantial drop in prices in the first quarter of the year triggered a surge in home-buying activity in the second.

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