"Greater Toronto Area home sales rose 10.9 per cent in July compared with a year earlier as 6,100 properties changed hands, the most activity recorded in the month since 2021."
"Sales were up 13 per cent from June on a seasonally adjusted month-over-month basis, as improved affordability driven by lower prices and borrowing costs is starting to translate into increased home sales."
"The average selling price decreased 5.5 per cent compared with a year earlier to $1,051,719, and the composite benchmark price was down 5.4 per cent year-over-year."
"Seventeen thousand six hundred thirteen properties were newly listed in the GTA last month, up 5.7 per cent compared with July 2024."
Home sales in the Greater Toronto Area surged by 10.9% in July, with 6,100 properties sold, marking the highest activity in July since 2021. Compared to June, sales rose 13% on a seasonally adjusted basis, driven by improved affordability due to lower prices and borrowing costs. The average selling price fell by 5.5% year-over-year to $1,051,719. New listings increased by 5.7% from the previous year, with a total of 17,613 properties listed, contributing to a rise in active listings to 30,215 homes, up 26.2% from last year.
Read at www.cbc.ca
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