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Toronto home prices and new listings surged in April from a year earlier while sales fell, the Toronto Real Estate Board said on Wednesday, suggesting the market may be starting to rebalance after new housing rules were put it place amid fears of a bubble in Canada's largest city.
The industry group said the average home price rose 31.7 percent in April from a year earlier, while new listings rose 33.6 percent and sales dipped 3.2 percent.
The industry group said the average home price rose 31.7 percent in April from a year earlier, while new listings rose 33.6 percent and sales dipped 3.2 percent.