The Globe and Mail reports in its Thursday edition that home sales in the Greater Toronto Area were weak in May, with 6,244 homes sold, a 13.3-per-cent decrease year-over-year. A Canadian Press dispatch to The Globe reports that TRREB's Jason Mercer noted home ownership costs are more affordable this year, leading to potential increases in sales. Despite this, consumer confidence has waned. Mr. Mercer stated that sales will rise when households regain confidence in trade stability with the U.S. Heaps Estrin Real Estate Team's Cailey Heaps said the housing market is fragmented, based on price point. Ms. Heaps stated that lower housing prices, more choices and reduced borrowing costs have created a "perfect storm" for entering the housing market. Ms. Heaps said the market seems more balanced compared with the last three years. She said: "We're poised to rebound. I would say if it's not in 2025, it should be in the first half of 2026." National Bank economist Daren King said the trade situation with the U.S. continues to weigh on the real estate market. He said, "It is too early to say that the slight pick-up in sales in recent months is the beginning of a sustainable recovery for the Toronto residential market."