Toronto-area home sales decline in August, but rate cut could spur activity: board

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Toronto-area home sales decline in August, but rate cut could spur activity: board
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The Toronto Regional Real Estate Board says home sales in August fell from last year as average home prices edged lower.

The Toronto Regional Real Estate Board says home sales in August fell from last year as average home prices edged lower.

The board says there were 4,975 homes sold in August in the Greater Toronto Area, a 5.3 per cent drop compared with the 5,251 homes sold in the same month a year earlier. Sales were up 0.6 per cent from July on a seasonally adjusted basis.The average selling price was down 0.8 per cent compared with August 2023 at $1,074,425.This Canadian couple just won $50M. It ‘won’t change’ them, they hope

TRREB president Jennifer Pearce predicts the Bank of Canada’s third consecutive rate cut announced Wednesday will lead to an uptick in activity from first-time buyers, including in the condo market.Alcohol potentially a ‘saving grace’ for Ontario convenience stores as sales beginWill the Eglinton Crosstown LRT open in 2024? Metrolinx is ‘not going to speculate’‘Never forgive’: Family of father killed in wrong-way 401 crash calls for justiceB.C. evening weather forecast: Sept.

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