THE GLOBE AND MAIL: The slump in housing sales accelerated in August, the Greater Toronto Real Estate Board said.
Sales in Toronto were down 29 per cent in the first two weeks of August compared to last year. The average sale price was $412,934, 3.5 per cent lower than mid-July.
The number of new listings were 8 per cent lower than last year at 4,770.
“It makes sense that the number of transactions has dipped over the past few months in comparison to last year's record results,” said board president Bill Johnston. >>> | Tuesday, August 17, 2010
