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Toronto home sales drop in August as trade and borrowing fears weigh

Greater Toronto Area home sales fell in August for the first time in six months, according to Toronto Regional Real Estate Board data, as trade worries and the threat of higher borrowing costs held back some buyers.

By Fergal SmithGreater Toronto Area home sales fell in August for the first time in six months as worries about trade and the threat of higher borrowing costs put off some buyers, Toronto Regional Real Estate Board data showed on Thursday.($1 = 1.3841 Canadian dollars)