Toronto housing market rebounds but Vancouver recovery remains slow

The Greater Toronto Area saw its busiest July for home sales in four years, with a 10.9% increase to 6,213 homes sold, driven by improved affordability and rising inventory. Average prices fell 5.5% to $1,051,719. In contrast, Greater Vancouver's market showed a slight 2% sales decline, with prices down 2.7% year-over-year at $1,165,300. Inventory remains high in both regions, supporting buyer options amid economic uncertainty.