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 about $1.05 million. In contrast, Greater Vancouver's market showed a slight 2% sales decline and a 2.7% price drop to $1.17 million, with steady inventory keeping prices stable amid economic uncertainty.