Category: GTA

GTA, summer boom in home sales: 6,100 in July with prices falling

TORONTO — The Toronto real estate market is booming again after a long time: home sales in the GTA increased 10.9% in July compared to the previous year, with 6,100 properties transferred, the highest number of transactions recorded in the same month since 2021. The Toronto Regional Real Estate Board (TRREB) stated that sales also increased 13% compared to June on a seasonally adjusted monthly basis, as increased affordability, driven by lower prices and financing costs, is starting to translate into increased home sales.