It's always interesting to see how government incentives shape our market here in the GTA. The Ontario HST rebate has played a big role in supporting new home sales: single-family homes reached 692 units sold—an impressive 47% above the 10-year average. Total new home sales came in at 907, even as the benchmark price dropped 14.6% year-over-year. On the other hand, limited tax incentives have caused condo sales to fall a full 78% below average. After more than 15 years guiding buyers and sellers through these kinds of shifts, I know just how important it is to understand the impact of incentives, pricing trends, and local policy when making your move in Toronto. If you're considering your options, I’m always here to share honest guidance and clarity.
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