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

The recent surge in GTA single-family home sales is making headlines—and for good reason. In July, sales in this segment tripled to 781 units, a clear sign of the continued influence of the HST rebate in motivating buyers. We also saw single-family prices adjust downward by 8.5%, now averaging $1.36M, while condo sales inched up but remain subdued, with prices rising 2.5% to $1.05M. Total inventory stands at 18,546 units, giving buyers and sellers more to consider as they plan their next move. Having guided clients through over 700 GTA transactions, I’ve seen firsthand how strategic pricing and timing, paired with a tailored approach, can help you navigate shifting market dynamics for the best possible outcome.