Toronto feels particularly alive this summer. World Cup fever has transformed neighbourhoods into one big celebration, patios are overflowing, and spontaneous street parties seem to erupt on every corner. The city has rediscovered its energy. Interestingly, the housing market has, too.

After a slow start to the year, buyer activity has continued to build through the second quarter and, unlike a typical year, that momentum has carried into the summer months. While summer often marks the beginning of a seasonal slowdown, this year has felt different. Buyers have largely adjusted to today's borrowing conditions and, with the major banks expecting interest rates to remain relatively stable, many are recognizing that waiting for significantly…

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