Mobile phone sales in Toronto hit a record level in August, according to new research from the Toronto Stock Exchange.
The average price of a mobile phone rose to $2,000, up nearly 40 per cent from the year ago peak, according the research firm eMarketer.
While there were also some sharp price drops in some markets, the biggest price drops were seen in Toronto, which saw an 8 per cent drop in the number of cell phones sold.
The biggest drops were in Montreal, Quebec City, and Toronto.
Mobile phone sales were up in a number of major cities in the U.S. and Europe, including Boston, Los Angeles, San Francisco, Toronto, Miami, New York, Philadelphia, and Chicago.
The Toronto Stock Exchanges reported a 2 per cent jump in sales of cellphones in August.