Overview

• Greater Vancouver Realtors reports 2,286 homes sold in July, down 2 per cent from a year earlier, as the benchmark price eased 2.7 per cent to C$1,165,300 while listings climbed nearly 20 per cent.
• Seasonally adjusted GTA sales jumped 13 per cent month-over-month to 5,744 units and unadjusted transactions rose 10.9 per cent year-over-year to 6,100, marking the strongest July since 2021.
• TRREB’s home price index dipped 0.2 per cent from June to C$979,000, representing its seventh decline in eight months even as improved affordability attracts more buyers.
• Montreal-area sales increased 9.7 per cent year-over-year to 3,731 transactions, the highest July tally since 2021, with overbidding lifting prices though gains show signs of easing.
• Elevated listings—17,168 in Vancouver, 30,215 in the GTA and 17,395 in Montreal—alongside a paused policy rate and lingering trade-tension uncertainty are sustaining buyer leverage.