July brought another strong month for low-rise new home sales in the Greater Toronto Area, with numbers exceeding the 10-year average for the fourth month in a row. The ongoing demand for the HST rebate program is clearly making an impact: last month alone, there were 1,018 sales—single-family homes were up 50% above the average, and condo sales posted a 40% increase year-over-year. Having worked with a wide range of clients across residential, investment, and leasing markets in the GTA, I continue to see how government incentives like the HST rebate can shape buyer activity and opportunities. Whether you’re considering a move or looking at investment prospects, understanding these market shifts is key to making informed real estate decisions.
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