Home sales up, new listings down in Toronto

The Toronto Real Estate Board says home sales in September in its region climbed 1.9% compared with a year ago.

The board says sales through its multiple-listings system totalled 6,455, up from 6,334 in the same month last year.

The average selling price in September was $796,786, up 2.9% from $774,489 a year earlier.

Meanwhile, the MLS HPI composite benchmark price was up by 2% year over year.

New listings totalled 15,920, down 3.1% compared with 16,433 in September 2017.

The board says with sales up year over year and new listings down, market conditions became tighter.

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The Canadian Press

The Canadian Press is a national news agency headquartered in Toronto and founded in 1917.