Toronto Home Prices Keep Sliding as Buyers See Jump in Listings

Toronto home prices declined again in August as persistent economic uncertainty and a glut of inventory weighed on the market.

The benchmark price of a home in Canada’s largest city slipped 0.1% from the previous month to C$978,100 ($709,000), according to seasonally adjusted data released by the Toronto Regional Real Estate Board. It was the ninth consecutive month home prices failed to rise — they began falling in December and have dropped every month since except for May, when they were flat.

The steady decline in Toronto’s benchmark home price has come at a time of broader weakening in the ...