Greater Toronto Area home sales rose 1.2% month over month to 5,274 units in October, ending two months of declines, as lower selling prices helped offset higher borrowing costs. The Toronto Regional Real Estate Board’s seasonally adjusted home price index increased 0.1% from September to C$928,800, or $663,523.36. Year over year, sales fell 7.9%, new listings declined 11.9% and the price index was down 4.3%. The Bank of Canada had raised its benchmark interest rate by 25 basis points to 2.50% the previous week, its first increase in three years, citing the risk that higher energy costs would fuel broader inflation. Jason Mercer, TRREB’s chief information officer, said buyers retained substantial negotiating power. An earlier set of figures in the topic record cited an average selling price of $1,024,108, a 2.7% annual decline, 14,173 new listings and separate month-over-month gains in seasonally adjusted sales and listings; those measures are not reconciled with the newer report. TRREB has said economic uncertainty continued to weigh on buyers, while a Canada-U.S. trade deal, resolution of the conflict in the Middle East, population growth, HST rebates and development-charge reductions could support future ownership and rental supply.