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Toronto's hottest month of home sales in years is actually not quite what it seems

It appears as if Toronto's real estate market is finally starting to buck the acute, uncharacteristic downward trend that has defined it for many months.Numbers from the last month of property sales in and around the city have arrived, and they show that the region is, as experts have predicted and hoped, indeed recovering from the unprecedentedly weak sales numbers and record-high inventory levels that it's experienced so far this year.According to the data, released in a report from the Toronto Regional Real Estate Board (TRREB) on Wednesday, 10.9 per cent more homes changed hands over the course of July 2025 than during July 2024 — and the first year-over-year increase in sales period since fall 2024.This is also the first time since last November that sales have outpaced the number of new listings. While this report still details a 5.7 per cent uptick in the number of homes hitting the market last month&nb...


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