In many ways, the Toronto and area residential resale market reflected September’s results in October. Sales volumes were practically unchanged, further emphasizing how sluggish the market has become and they continued the string of historically low sales numbers for this time of the year.
In October, 4,646 residential properties were reported sold, almost 6 percent fewer than the 4,930 reported sales last year. Year-to-date, 56,367 homes have changed hands. Based on the current pace of...