New report suggests HST rebate continues to boost single-family new home sales across GTA

Impressive momentum in the GTA’s new home market: In July, new single-family home sales soared, tripling to 781 units—a boost many are attributing to the continued impact of the HST rebate. Notably, single-family home prices eased by 8.5% to $1.36M, creating opportunities for buyers who have been waiting for the right moment. Condo sales also saw a modest uptick, though activity remains subdued; prices edged up 2.5% to $1.05M. With inventory at 18,546 units, it’s clear the landscape is shifting. As someone who’s consistently been a TOP PRODUCER since 2003, I keep a close watch on these numbers to help my clients make informed decisions in a dynamic market.