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

In July, we saw GTA single-family home sales jump an impressive 246%. Builder incentives and Ontario’s expanded HST rebate have certainly played their part, even as average prices dipped by 8.5%. While new condo sales are quieter due to tighter rebate rules, it’s clear that targeted government support is drawing buyers back to detached homes. From my experience helping clients navigate these shifts, a few fundamentals always make a difference: automating your savings, staying on top of debt, and looking into local affordability programs. With the right strategies, buyers can make the most of changing market opportunities.