Greater Toronto Area home sales up in July from last year, listings jump

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Greater Toronto Area home sales up in July from last year, listings jump
Toronto Real EstateCanada
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The Toronto Regional Real Estate Board says home sales in July were up from last year but down from a month earlier, while listings jumped.

The Toronto Regional Real Estate Board says home sales in July were up from last year but down from a month earlier, while listings jumped.

Listings growth outpaced sales on a year-over-year basis, but prices slipped only slightly to $1,106,617, down 0.9 per cent. “The cost of borrowing is anticipated to decline further in the coming months. Expect sales to accelerate as buyers benefit from lower monthly mortgage payments.”

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