Toronto home sales fall for first time in six months as trade worries weigh

Home sales in Canada's Greater Toronto Area fell in August for the first time in six months as concerns over trade and the possibility of higher borrowing costs prompted some buyers to hold off, data from the Toronto Regional Real Estate Board showed on Thursday.Seasonally adjusted home sales declined 1.3% in August from July to 5,484 units, ending a run of monthly gains that had continued since March.The board's seasonally adjusted home price index edged down 0.1% month-on-month to C$931,200 ($672,784).Trade concerns and borrowing costs weigh on buyers“The main hold-back for many households has been concerns around trade with the United States and the potential for higher inflation and borrowing costs in the future,” Jason Mercer, the board's chief information officer, said in a statement, as cited by…