The Greater Toronto Area (GTA) saw home sales drop by 7.1% in September on a yearly basis as high borrowing costs continued to push buyers out of the market.
A total of 4,642 homes changed hands in the city and its surroundings last month, according to new data by the Toronto Regional Real Estate Board (TRREB), as semi-detached houses and townhouses posted significant sales declines compared with the same time last year.
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