Nov. home sales up 14.2% amid highest price gains of year

Toronto home sales in November rose 14.2 percent from a year ago while home prices saw their strongest growth for the year. The Toronto Real Estate Board says there were 7,090 home sales in the month as sales rose in all major market segments. The board says strong population growth and declining mortgage rates helped push up sales and competition between buyers. Sales rose as listings continued to drop, with new listings down 17.9 percent year-over-year and active listings down 27.2 percent — Canadian Press