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CBC News Posted: Jan 12, 2017 8:51 AM ET Last Updated: Jan 12, 2017 9:36 AM ET

Royal LePage says the extreme regional disparities that characterized Canada’s real estate markets last year will narrow in 2017 as overheated areas cool and slower markets begin to gather steam.

“In 2017, we anticipate a movement away from the regional extremes of real estate feast and famine — and that is a very good thing.”

Royal LePage’s national composite index of prices increased 13 per cent year-over-year to $558,153 in the fourth quarter of last year.

The company says that’s the highest year-over-year increase recorded by the index in more than a decade

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