The Toronto Real Estate Board reported 7,570 homes sold in July compared to 7,683 a year ago.
Home sales slipped 1.5 per cent and Condo sales?were down 10 per cent.
The Toronto Real Estate Board reported new mortgage rules and the additional cost of the Toronto land transfer tax all contributed to home buyers to decide to wait.
In Toronto the average home sold for $476,947 up 4 per cent from 2011.
Vancouver, once the hottest Real Estate Market in Canada reported a big drop in resales and hit their lowest total for July since 2000.
Vancouver home resales totalled 2,098 in July down 18.4 per cent from July 2011.
Search the latest listings for?Toronto Condos for sale here.
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Source: http://torontocondo.wordpress.com/2012/08/05/toronto-condo-and-home-sales-down-in-july/
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