It's always fascinating to see how policy impacts our real estate market. The latest numbers from July show that the HST rebate continues to play a significant role in the GTA, with new single-family home sales tripling to 781 units. Prices for these homes have adjusted downward by 8.5%, now averaging $1.36M. Meanwhile, condo sales saw a modest uptick, though activity remains subdued, with prices edging up 2.5% to $1.05M. For those tracking opportunities, current inventory stands at 18,546 units. Drawing on my own experience as both a real estate investor and sales representative, I know how crucial it is to stay informed and understand these shifts when making important decisions in today's market.
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