Home sales in the Greater Toronto Area decline in August compared with a year earlier, and home prices continue to ease, according to the Toronto Regional Real Estate Board. The board reports 5,057 homes change hands last month, down 2.1% year over year. It also says sales are down 1.3% from July on a seasonally adjusted basis.
Both outlets cite the same sales figures and link the August slowdown to continued price decreases. City News Toronto adds that prices dip below the $1 million level, reflecting a broader cooling trend in the market. Global News (Canada) focuses on the headline sales drop and the board’s month-over-month and year-over-year comparisons, without additional pricing detail.
Overall, the reporting is aligned on the direction of the market: fewer transactions in August and ongoing price softening as captured by the real estate board’s monthly data.
