Toronto home sales up 12% in October, real estate board says.

Original article via CBC. Click here to read.

The Toronto Real Estate Board said Thursday that 7,118 homes were sold in October, up from the month before but down 27 per cent from the same month last year.

“Every year we generally see a jump in sales between September and October. However, this year that increase was more pronounced than usual compared to the previous ten years,” said board president Tim Syrianos.

“While the number of transactions was still down relative to last year’s record pace, it certainly does appear that sales momentum is picking up.”

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