Toronto Home Sales Fall Most in Seven Months
Greater Toronto Area home sales fell 5.2 percent in September to 5,174 units, marking the steepest monthly decline since February. The home price index also edged down 0.5 percent amid persistent economic uncertainty.
Insights:
Toronto home sales fell 5.2% to 5,174 units in September, marking the steepest monthly decline since February amid persistent economic uncertainty. The downturn follows a 0.5% drop in the composite home price index to C$924,600 ($648,296) from August. Buyers are sidelined by employment concerns and borrowing cost pressures, according to regional real estate data released Tuesday afternoon.
