Toronto prices, sales defy naysayers

Home prices in the Greater Toronto metro area were up 5.5 percent in August from a year ago “in defiance of naysayers” who have been “anticipating a market crash,” The Star reports.

Data released today by the Toronto Real Estate Board shows sales up 21 percent from a year ago, to 7,569. The 20.1 percent growth in condo sales lagged only slightly behind detached homes, which were up 24.2 percent from a year ago. Source: thestar.com.