Toronto Home Prices Climb for Second Month Even as Sales Slow
- New property listings slipped slightly in July from June
- Transactions dropped 1.7% as buyers await further rate cuts
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Toronto home prices rose for the second straight month even as demand cooled.
The benchmark price was up 0.1% in July from a month earlier to C$1.09 million ($790,000), according to seasonally adjusted data released Tuesday by the Toronto Regional Real Estate Board. Sales came under pressure, with transactions falling 1.7% from June.