Greater Toronto Home Sales Jump in October After Bank of Canada Rate Cuts: Board

Greater Toronto Home Sales Jump in October After Bank of Canada Rate Cuts: Board
A sold sign is displayed in front of a house in the Riverdale area of Toronto on Sept. 29, 2021. The Canadian Press/Evan Buhler
The Canadian Press
Updated:
0:00

The Toronto Regional Real Estate Board says home sales in October surged as buyers continued moving off the sidelines amid lower interest rates.

The board said 6,658 homes changed hands last month in the Greater Toronto Area, up 44.4 percent compared with 4,611 in the same month last year. Sales were up 14 percent from September on a seasonally adjusted basis.