GTA home prices ↓ 5.2% in August to an average of $1.02M.
Home sales ↑ 2.3% yearly, with 5,211 properties changing hands in August.
New listings ↑ 9.4% to 14,038, and active listings ↑ 22.4% to 27,495 homes.
Detached homes led sales growth at ↑ 5.9%, while condo transactions ↓ 4.9% yearly.
Potential interest rate cuts could improve affordability and stimulate further home sales in the GTA.
