Toronto, Montreal Home Sales Surge Despite Price Declines

Home sales in both Montreal and Toronto surged in July 2025, each recording their strongest July since 2021 amid economic volatility and trade disruptions. Montreal saw a 9.7% year-over-year sales increase, with overbidding contributing to higher median prices, though price growth is moderating. Toronto's sales rose 13% month-over-month and 10.9% year-over-year, while its home price index edged down 0.2% to C$979,000. New listings increased year-over-year by 9.2% in Montreal and 5.7% in Toronto, indicating growing seller activity. UK house prices also rose at their fastest rate in six months, signaling improved confidence. In Toronto, analysts highlight that while overall sales are up, condos face longer selling periods and lower offers, reflecting ongoing market headwinds.