GTA new single-family home sales surge 246% in July as Ontario’s expanded HST rebate drives buyers back to market

The GTA’s new single-family home sales jumped a staggering 246% in July—clear proof that Ontario’s expanded HST rebate and builder incentives are bringing buyers back into the market, even as prices have dipped by 8.5%. While new condo sales remain quiet due to stricter rebate rules, those looking to purchase a home right now have several strategies at their disposal. I always emphasize the value of automating savings, staying on top of debt, and taking advantage of any local programs that can help with affordability. After 16 years guiding clients through ups and downs in our market, I know how much the right planning matters—especially when opportunity and timing align like this.