GTA new single-family home sales surge 246% in July as Ontario’s expanded HST rebate drives buyers back to market

July brought a remarkable 246% surge in new single-family home sales across the GTA, a shift fueled by Ontario’s expanded HST rebate and strategic builder incentives. Even with an 8.5% dip in prices, we’re seeing renewed momentum as buyers return to the market, eager to seize these advantages. In contrast, new condo sales remain subdued—stricter rebate criteria continue to temper activity in that segment. For those navigating today’s landscape, I always recommend automating your savings, keeping debt in check, and investigating local affordability programs. With over two decades guiding clients through GTA real estate’s intricate cycles, I know how the right strategies—combined with the latest incentives—can make a decisive difference in achieving your goals.