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Vancouver Sales Dip 2%, Toronto Sees 13% Surge

8/7/2025

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Summary

Story summary

Greater Vancouver saw 2,286 residential sales in July 2024, a 2% drop from June and 13.9% below the 10-year average.
The MLS Home Price Index benchmark price in the region is $1,165,300, reflecting a 2.7% year-over-year decline.
In contrast, Toronto experienced a 13% increase in home sales, reaching 6,100 in July amid economic uncertainty.
Toronto's average selling price decreased to just over $1.05 million, down 5.5% from the previous year.

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Story summary

Greater Vancouver saw 2,286 residential sales in July 2024, a 2% drop from June and 13.9% below the 10-year average.
The MLS Home Price Index benchmark price in the region is $1,165,300, reflecting a 2.7% year-over-year decline.
In contrast, Toronto experienced a 13% increase in home sales, reaching 6,100 in July amid economic uncertainty.
Toronto's average selling price decreased to just over $1.05 million, down 5.5% from the previous year.