Toronto home sales fall for fifth straight month in October

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Toronto home sales fall for fifth straight month in October
France Dernières Nouvelles,France Actualités
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TORONTO - Greater Toronto Area home sales fell in October for the fifth consecutive month as higher borrowing costs kept buyers sidelined, while the average price of a home was little changed.

Sales were also down on a year-over-year basis without adjusting for seasonal variation, falling 5.8% to 4,646 homes. "However, more of that demand has been pointed at the rental market, as high borrowing costs and uncertainty on the direction of interest rates has seen many would-be home buyers remain on the sidelines in the short term."

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