Toronto home sales fall for third month in April; prices rise

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Greater Toronto area home sales fell in April for a third straight month and prices crept up, as over two-decade high interest rates kept the lid on housing market recovery in Canada's main metropolitan region, data showed on Thursday. Seasonally adjusted sales declined 3.4% in April from the previous month after falling 2.4% in March, according to Toronto Regional Real Estate Board (TRREB) data. Average home prices were up 1.5% last month to C$1.12 million ($819,072.69), the highest since December, while new listings were down 5.9%, the date showed.