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Toronto home sales fall in August for first time in six months
TRREB said benchmark prices stayed near $931,200 as new listings fell 14.1% and sales slipped 2.1% from a year earlier.
- The Toronto Regional Real Estate Board reported 5,057 home sales in August, down 2.1 per cent year-over-year, while the MLS Home Price Index benchmark held at $931,200, continuing months of stability around $930,000.
- Trade tensions with the United States and concerns over future borrowing costs prompted the slowdown, with Chief Information Officer Jason Mercer noting these factors weighed heavily on prospective buyers entering the market.
- New listings plummeted 14.1 per cent to 12,075 in August, a sharp contraction that TRREB president Daniel Steinfeld suggested could eventually increase competition and put renewed upward pressure on prices.
- Condo benchmark prices fell 7.1 per cent year-over-year, the steepest decline among property types, while the composite benchmark price for a typical home dropped 4.5 per cent, narrowing from July's 4.6 per cent decline.
- The steepest year-over-year declines occurred in York Region, where the home price index fell 6.2 per cent, while Halton saw typical home prices decrease 3 per cent amid ongoing economic uncertainty.
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Toronto home sales fall in August for first time in six months
Greater Toronto Area home sales fell in August for the first time in six months as worries about trade and the threat of higher borrowing costs put off some buyers, Toronto Regional Real Estate Board data showed on Thursday.
·London, United Kingdom
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A Noticeable Dip in GTA Home Sales and Listings, Pointing to Renewed Price Growth
TORONTO, Sept. 03, 2026 (GLOBE NEWSWIRE) — The number of homes available for sale in August 2026 was down noticeably compared to last year in the Greater Toronto Area (GTA). Following this trend, home sales also edged lower, as the number of transactions was arguably limited by less choice in some neighbourhoods. Less choice and [...]
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Total News Sources7
Leaning Left2Leaning Right1Center2Last UpdatedBias Distribution40% Left, 40% Center
Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
40% Center
L 40%
C 40%
R 20%
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