Toronto home sales rose 8.5% year-over-year in September, with 5,592 transactions and a 4% increase in new listings to 19,260. Seasonally adjusted sales increased month-over-month, while new listings declined, indicating potential market tightening. The MLS Home Price Index fell 5.5%, and the average price dropped 4.7% to $1.05 million. Further interest rate cuts could boost sales by aligning mortgage payments with incomes.
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