Toronto Housing Sales Climb With Buyers Flocking Back to Market
- Benchmark price measure increased for a second straight month
- Real estate board president says stage is set for recovery
Transactions in Canada’s largest city rose 1.9% in November.
Photographer: James MacDonald/BloombergThis article is for subscribers only.
Toronto home sales increased for a fourth straight month as falling interest rates helped draw buyers back into the market.
Transactions in Canada’s largest city rose 1.9% in November from the previous month, according to seasonally adjusted data released Wednesday from the Toronto Regional Real Estate Board. That helped push the benchmark price for a home in the city up 0.8% to C$1.094 million ($777,940), the second straight monthly gain.