Toronto home sales climbed 14% in October as homebuyers jumped back into the market
Toronto’s home sales climbed 14 per cent in October, the steepest monthly increase in nearly a year, as prospective homebuyers jumped back into the market after multiple interest-rate cuts.
There were 6,390 transactions in the Toronto region last month after adjusting for seasonal factors, which was a 34-per-cent increase over October of last year and the highest volume since January of this year, according to the Toronto Regional Real Estate Board, or TRREB.
Activity also swelled in other major Canadian cities last month, suggesting that the country’s real estate market may be beginning to rebound after two years of slow sales.
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