Toronto home sales down 34 per cent from last year, up 15 per cent from July

The board said Friday that sales for the month amounted to 5,627 compared to 8,549 last August and 4,900 in July 2022.

Those that ventured into the market in recent weeks found the prices were below those seen in the frenzied winter months, but nonetheless higher than they had been a year and even a month ago. Monthly growth in the average price alongside a dip in the index suggests a greater share of more expensive home types sold in August, TRREB said.The board also used its monthly real estate report to call for policy changes.

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