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New federal mortgage rules aimed at reining in runaway house prices in Toronto and Vancouver are likely to dampen real estate markets nationwide – including Edmonton – industry players fear.

Toronto down 3.4% from peak. Calgary and Edmonton back to 2007. Montreal sets new record. National index ticks up the least for any May in 21 years of data. Home prices across major metros in Canada ticked up 0.5% in May from the prior month, the slowest rise for any May in the 21-year history of the Teranet-National Bank House Price Index.

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