‘The program is working’: Ontario home sales surge 130% after HST rebate

Ontario’s real estate market has seen remarkable momentum this year, with new home sales rising 130% in Q2 2026 following the introduction of a 13% tax cut on new builds. This significant increase—from 3,645 to 8,410 sales—has been especially notable among single-family homes. The current HST rebate, which offers up to $130,000 for homes under $1.5 million, has clearly encouraged many buyers to take action ahead of the March 2027 deadline. As someone who has guided hundreds of clients through the real estate process across the GTA, I understand how these policy changes can open new doors for both homeowners and investors. Staying informed about opportunities like this is key to making confident, well-timed decisions in our dynamic market.