Economics
Toronto Housing Sales Decline Most in Eight Months
- Lack of listings may be a factor, real estate board says
- Prices little changed, with semi-detached showing best gains
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Toronto’s housing market posted its biggest monthly sales decline since March while prices remained little changed.
Sales in Canada’s biggest city fell 3.4 percent in November to 6,588 units from the previous month on a seasonally adjusted basis, the Toronto Real Estate Board reported Wednesday. That’s the biggest monthly drop in eight months. The benchmark price, which adjusts for the types of houses sold, fell 0.4 percent from last month to C$763,600 ($575,200).