New home prices drop in July for the first time in 13 months as market cools

<p>TORONTO – The price of a new home in Canada edged down in July for the first time in more than a year and fewer were built in August, evidence that a real estate slowdown seen this summer in the resale market is beginning to bleed into the new home sector.

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New home prices drop in July for the first time in 13 months as market cools

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