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Toronto home sales and prices up from last year, but momentum slows

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Toronto housing market is losing momentum in the face of higher interest rates and low inventories, say market watchers. Read more

, the average selling price increased by 4.2 per cent over last July to reach $1,118,374, while the MLS Home Price Index Composite benchmark was up by 1.3 per cent year over year.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYExclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.

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Toronto home sales and prices up from last July, down from June: TRREB - BNN BloombergThe Toronto Regional Real Estate Board says home sales, listings and prices were up in July compared with last year, but activity looks to be slowing in the face of higher interest rates.
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