GTA home sales fall in May, but Bank of Canada decision could spur demand

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The Toronto Regional Real Estate Board says home sales in May were down 21.7 per cent from last year, but new listings continued to rise as homeowners anticipate a bump in demand.

A real estate sign is displayed in front of a house in the Riverdale area of Toronto on Wednesday, September 29, 2021.THE CANADIAN PRESS/Evan BuhlerTORONTO --

The average selling price in the Greater Toronto Area was down 2.5 per cent year-over-year to $1,165,691.

 

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