"The Toronto Regional Real Estate Board says the 5,592 homes sold in the month was up 8.5 per cent from the same month last year, and up two per cent on a seasonally adjusted basis from August. The rise in sales came as the average selling price was down 4.7 per cent from last year to $1,059,377, and the composite benchmark price was down 5.5 per cent in September."
"The rise in sales came as the average selling price was down 4.7 per cent from last year to $1,059,377, and the composite benchmark price was down 5.5 per cent in September. Compared with August, the average selling price ticked up 0.2 per cent. New listings of 19,260 were up four per cent from last year, and down 3.3 per cent, seasonally adjusted, from August. The board says interest rate cuts from the Bank of Canada could help push up sales."
5,592 homes sold in September, up 8.5 per cent from the same month last year and up two per cent on a seasonally adjusted basis from August. The average selling price declined 4.7 per cent year-over-year to $1,059,377, while the composite benchmark price fell 5.5 per cent in September. Compared with August, the average selling price ticked up 0.2 per cent. New listings numbered 19,260, up four per cent year-over-year and down 3.3 per cent seasonally adjusted from August. Interest rate cuts from the Bank of Canada could help push sales higher.
Read at www.cbc.ca
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