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Duking out home prices

<br><br> The Greater Toronto resale housing market started 2011 on a strong footing. While we were off 13% from the record pace of a year ago, January sales still amounted to 4,337. The average selling price for the month's transactions was $427,037 -- up more than 4% from January 2010. With these numbers as a backdrop, I want to focus on the direction of home prices over the next year. <br><br>

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The Greater Toronto resale housing market started 2011 on a strong footing. While we were off 13% from the record pace of a year ago, January sales still amounted to 4,337. The average selling price for the month's transactions was $427,037 -- up more than 4% from January 2010. With these numbers as a backdrop, I want to focus on the direction of home prices over the next year.