Active listings in September were 7 per cent higher than in August and 19 per cent higher than in September of last year.

Toronto home sales picked up again in September after a brief lull in August as prospective homebuyers took advantage of a drop in mortgage rates.

Activity has been bubbling up since the spring, with sales increasing almost every month since April. There were 5,765 transactions in September after removing seasonal influences, according to the Toronto Regional Real Estate Board, or TRREB.

That was up 2 per cent from August and up 7 per cent from September of last year, when mortgages were more expensive. Activity is still lower than the norm, however, with September sales coming in at 27 per cent below the 10-year average for that month.

The Bank of Canada made it

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