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Greater Toronto housing market sees best July in four years: TRREB
Greater Toronto housing market sees best July in four years: TRREB

Toronto Sun

time4 days ago

  • Business
  • Toronto Sun

Greater Toronto housing market sees best July in four years: TRREB

Published Aug 06, 2025 • 1 minute read A park bench at Riverdale Park East overlooking the downtown skyline along Broadview Ave. in Toronto on Oct. 5, 2022. Photo by Ernest Doroszuk / Toronto Sun 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. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account 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. Columnists Sunshine Girls World Sunshine Girls Opinion

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