Toronto home prices rise marginally for first time since February peak

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The average price of a home in the area rose to $1.08 million in August, up 0.4% from July, and just under 1% from a year earlier

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting -- Lululemon Athletica Inc. raised its full-year outlook, the latest sign that consumer demand among high-income shoppers remains strong even as inflation hurts purchasing power in other demographics. The shares rose in late trading.

The board says sales for the month amounted to 3,152 and came amid a quieter summer season marked by reduced buying and listing activity. Last month’s sales were nearly 30 per cent below the 10-year August average.

 

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Toronto home prices rise marginally for first time since February peakHome prices in the Greater Toronto Area (GTA) increased, though marginally, for the first time in six months in August alongside higher month-on-month sales, data from the Toronto Regional Real Estate Board (TRREB) showed on Friday.
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