Toronto prices, sales defy naysayers

LIVE NOW: Inman Connect San Francisco
Tune-in now to catch the livestream. Don't miss this chance to see real estate leaders tackle the industry's top problems.

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.