Real Estate
Toronto Home Sales Surge Most in Eight Months With Prices Falling
- Borrowing costs have moved lower after late-year bond rally
- Home prices in December were the lowest since March 2023
Homes in Toronto, Ontario, Canada.
Photographer: James MacDonald/BloombergThis article is for subscribers only.
Toronto’s housing market sprung to life in December with sales surging the most in eight months as lower prices and borrowing costs lured back buyers.
The number of homes changing hands in Canada’s largest city rose 21% to more than 6,000 transactions on a seasonally adjusted basis last month, the biggest monthly increase since April, according to data released Thursday by the Toronto Regional Real Estate Board.