Story perspectives

Global Housing Markets Shift: Toronto Falls, Cairns Soars

8/12/2025

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Summary

Story summary

Toronto's condo sales have decreased by 17% in 2025, indicating market challenges.
Increased mortgage renewals may boost inventory as homeowners confront rising payments.
Cairns, Australia, experienced notable house price growth, with Bingil Bay surging 44%.
New Zealand's housing market is rebounding, showing a 20.3% rise in sales volumes in June 2025.
Denver's housing inventory remains high, with single-family homes steady at $650,000 and condo prices down 6%.

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Story summary

Toronto's condo sales have decreased by 17% in 2025, indicating market challenges.
Increased mortgage renewals may boost inventory as homeowners confront rising payments.
Cairns, Australia, experienced notable house price growth, with Bingil Bay surging 44%.
New Zealand's housing market is rebounding, showing a 20.3% rise in sales volumes in June 2025.
Denver's housing inventory remains high, with single-family homes steady at $650,000 and condo prices down 6%.