A Toronto homeowner is selling his east-end house for less than the price of a litre of gas -- $1.

"I figured, 'What's a good way to attract the buyers' audience? What's a good way to draw in as many people through my front door as possible?'" he asked. "I figured a dollar is a good way to do it."

A report by the Toronto Real Estate Board on Thursday showed home resales in Toronto were down 11 per cent from this time last year, however, Riverdale saw figures increase 10 per cent because of strong detached home sales.