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Toronto Home Sales Drop for First Time in Six Months Amid Trade Concerns

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Greater Toronto Area home sales declined in August, marking the first monthly drop in six months. Worries over trade tensions and the prospect of rising borrowing costs kept many potential buyers on the sidelines. Both sales volumes and property prices fell compared to the same period last year. New listings also saw a notable decrease during August. Analysts view the slowdown as a reflection of wider economic uncertainties affecting buyer confidence.

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Toronto Home Sales Drop for First Time in Six Months Amid Trade Concerns · ShortSingh