It’s interesting to see how the HST rebate continues to influence the GTA’s single-family new home market. July saw a significant surge, with sales tripling to 781 units. At the same time, prices for single-family homes dropped by 8.5%, now averaging $1.36M, while condo sales made a modest climb and prices nudged up 2.5% to $1.05M. Inventory remains robust at 18,546 units. As someone who specializes in helping clients buy and negotiate for both houses and condos across Ontario, I find these numbers offer valuable perspective for anyone considering their next move. Every shift in the market is an opportunity to help buyers and sellers make informed choices that align with their goals.
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