Buyers in the Toronto-area real estate market are testing their strength – with varying levels of success. “We’ve been calling it the summer of lowballing,” says real estate agent Alex Beauregard of Sutton Group-Associates Realty.

Greater Toronto Area-home sales rose 10.9 per cent in July compared with a year earlier as 6,100 properties changed hands, the most activity recorded in the month since 2021.

Canadian real estate trends this year are increasingly defined by geography, with regional disparities that highlight a nation divided by affordability, economic uncertainty, and shifting buyer priorities.