➕ The Numbers for July are in! ➕
Toronto’s housing market had its strongest July since 2021, with home sales climbing and market conditions showing modest tightening. Lower prices and borrowing costs are helping more buyers step into the market, even as many continue to watch for further rate relief.
Economic uncertainty, particularly around trade with the U.S., continues to weigh on consumer confidence. However, the housing sector remains a key driver of local economic activity, with potential for further growth if interest rates ease.
Increased sales activity combined with slower listing growth is creating improved conditions for sellers, but buyers still benefit from a range of options and more negotiating room compared to a few years ago.
With sales rising faster than new listings, inventory is tightening, opening the door for more balanced conditions in the months ahead. Preparation and pricing remain key for anyone looking to buy or sell in today’s market.
Looking to buy or sell a home in Toronto? Average prices in July were as follows:
➕Detached $1,572,832 [-5% vs. 2024]
➕Semi-detached $1,242,388 [+3% vs. 2024]
➕Townhouse $920,197 [-5% vs. 2024]
➕Condo $684,257 [-9% vs. 2024]
••••••
Data presented is for City of Toronto Only. Source: TRREB.
Toronto’s housing market had its strongest July since 2021, with home sales climbing and market conditions showing modest tightening. Lower prices and borrowing costs are helping more buyers step into the market, even as many continue to watch for further rate relief.
Economic uncertainty, particularly around trade with the U.S., continues to weigh on consumer confidence. However, the housing sector remains a key driver of local economic activity, with potential for further growth if interest rates ease.
Increased sales activity combined with slower listing growth is creating improved conditions for sellers, but buyers still benefit from a range of options and more negotiating room compared to a few years ago.
With sales rising faster than new listings, inventory is tightening, opening the door for more balanced conditions in the months ahead. Preparation and pricing remain key for anyone looking to buy or sell in today’s market.
Looking to buy or sell a home in Toronto? Average prices in July were as follows:
➕Detached $1,572,832 [-5% vs. 2024]
➕Semi-detached $1,242,388 [+3% vs. 2024]
➕Townhouse $920,197 [-5% vs. 2024]
➕Condo $684,257 [-9% vs. 2024]
••••••
Data presented is for City of Toronto Only. Source: TRREB.
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