Latest news with #Greater Toronto Area
CBC
06-08-2025
- Business
- CBC
GTA housing market sees best July in 4 years: real estate board
Social Sharing 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. The Toronto Regional Real Estate Board says 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, meant to represent the typical home, was down 5.4 per cent year-over-year. TRREB president Elechia Barry-Sproule says "it's clear that a growing number of households are finding affordable options for home ownership" but cautions that more relief is required to spur the market, "particularly where borrowing costs are concerned." The board says 17,613 properties were newly listed in the GTA last month, up 5.7 per cent compared with July 2024. The number of active listings reached 30,215 last month, up 26.2 per cent from last year's inventory of 23,936 homes.
Yahoo
12-07-2025
- Climate
- Yahoo
Muggy airmass sets stage for multi-day storm risk in Ontario
A muggy airmass draped over southern Ontario heading into this weekend will set the stage for a multi-day risk for strong to severe thunderstorms across the region. We'll see the potential for storms to build each day Friday, Saturday, and Sunday. Some of the storms could turn severe with strong winds and heavy rainfall. Make sure you keep an eye on the radar—especially if you have outdoor plans—and stay aware of any severe weather watches or warnings issued in your area. DON'T MISS: The workweek will end with some thunderstorm energy moving into southwestern Ontario on Friday. Dynamics are favourable for some of these storms to potentially grow stronger close to the Michigan border near Windsor and Sarnia. Strong wind gusts and heavy rainfall will be the main threats from these storms, and there's a chance for some small hail, as well. Thunderstorms could form as far east as London and into the western end of the Greater Toronto Area (GTA), but they should remain on the weaker side as we head through the day. MUST SEE: The risk will continue on Saturday and Sunday as the soupy air provides plenty of energy for storms to fire up. Saturday's storm threat will evolve across southwestern Ontario along the shorelines of Lake Huron, as well as the northern and eastern shores of Georgian Bay. These storms will track inland through the night and weaken as they approach the GTA through the overnight hours. Sunday's potential for active weather will see thunderstorms develop inland and track through the GTA toward eastern Ontario. Storms on Saturday and Sunday could reach severe limits. Be sure to check back through the weekend for the latest. Click here to view the video
