TREB says October home sales, prices jump over last year

The Toronto Real Estate Board says home sales rose 14 percent in October compared with a year earlier even as prices rose. The board says there were 8,491 sales in the Greater Toronto Area in the month, up from 7,448 sales in October 2018. The composite benchmark price rose by 5.8 percent in the month for the strongest annual growth rate since December 2017, while the average selling price was up 5.5 percent to $852,142. News release