Toronto Real Estate Cooling in July | Toronto News

Real estate in the Greater Toronto Area saw a slight dip in July sales, but the real concern is the sharp 17.8% drop in new listings—tightening the market and squeezing buyers. Prices fell 4.6% year-over-year to $1.395M, while buyer confidence wanes amid inflation and high borrowing costs. Though monthly sales edged up from June, analysts hint at potential recovery in fall if prices stabilize, fueled by job growth. The board’s big ask? Municipal policy reform—zoning, outdated rules, and high fees are crippling affordability, especially ahead of elections. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/7fe4936caf2763ec