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Home prices in Toronto fell 5.2% in August, averaging $1.02 million, despite more home sales.
Home prices in the Greater Toronto Area dropped by 5.2% in August, reaching an average of $1.02 million, according to the Toronto Regional Real Estate Board.
Despite a 2.3% increase in home sales year-over-year, sales decreased 1.8% from July due to a surge in new listings by 9.4% and active listings by 22.4%.
TRREB President Elechia Barry-Sproule suggests that potential interest rate cuts could help offset the impact of tariffs and boost the wider economy.
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Los precios de las viviendas en Toronto cayeron un 5,2% en agosto, con un promedio de $1,02 millones, a pesar de más ventas de viviendas.