Home prices increase in November even as sales decline

Home sales across the Greater Toronto Area fell nearly 15 per cent in November, compared with a year ago, as sale prices continued to see moderate growth, the Toronto Real Estate Board says   TREB says there were 6,251 residential transactions recorded last month through its multiple listing service (MLS) system, down 14.7 per cent versus a year ago. On a seasonally adjusted basis, sales were down by 3.4 per cent compared with October 2018. The average sale price was up by 3.5 per cent year-over-year to $788,345. Adjusted seasonally, the average sale price was nearly flat, down by 0.8 per cent compared to October 2018 — Reuters