The Ontario HST rebate continues to play a crucial role in supporting new home sales in our region. In the GTA, single-family new home sales reached 692 units—an impressive 47% above the 10-year average—while total new home sales stood at 907. Meanwhile, the benchmark price dropped 14.6% year-over-year, a signal that market opportunities and challenges are unfolding side by side. On the other hand, condo sales have slowed, falling 78% below average, largely due to recent changes in tax incentive limits.
These numbers highlight how government policy can shape the market, but also underscore the need for expert guidance. Having helped countless families navigate GTA real estate, I know how incentives and market shifts can impact your bottom line—whether selling or buying. My clients count on proven strategies to get more value in less time, no matter how the market moves. If you have questions about how these trends could affect your goals, let's connect and ensure you’re making informed decisions every step of the way.
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