Toronto home sales rise in August after a drop in July, prices fall
OTTAWA (Reuters) – Greater Toronto-area home sales rose in August on a month-to-month basis, data showed on Thursday, rebounding from a drop in July.
Seasonally adjusted sales increased 0.6% in August following a drop of 0.8% in July, according to Toronto Regional Real Estate Board (TRREB) data.
The August rise was only the third monthly increase in the last eight months, TRREB data showed.
Average prices for homes were down 0.8% last month to C$1.12 million ($815,178), ending a six-month rising streak, while new listings fell 1.6%, TRREB said in a release.
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