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

Single-family home sales in the GTA saw a dramatic surge in July, tripling to 781 units—an impressive momentum largely attributed to the ongoing HST rebate. For families considering a move, this kind of incentive can make a real difference, helping more buyers find their perfect home. Interestingly, single-family prices dipped by 8.5% to $1.36M, offering some relief for buyers navigating affordability, while condo sales saw a modest uptick with prices climbing 2.5% to $1.05M. With inventory now at 18,546 units, there’s a wide range of choice for both new and experienced home seekers. In my years serving the GTA—from Toronto to Brampton and Mississauga—I’ve seen how timely opportunities like these can put more money in your pocket and reduce time on the market. My focus is always on guiding clients through every market shift, ensuring their interests come first and their home goals are met with proven results.