GTA new home sales rebound masks a condo market in retreat

We've just seen a notable shift in the GTA new home market: single-family home sales have jumped 50% above average, reaching 781 units—thanks in part to an expanded HST rebate. On the flip side, condo sales have slowed dramatically, dropping 80% below average to just 237 units. Interestingly, single-family prices have adjusted downward by 8.5% to $1.36M, while condo prices inched up by 2.5% to $1.05M. With inventory sitting at 18,546 units, the market is presenting a mix of opportunities and challenges. Drawing from my experience as both a real estate investor and sales representative, I help clients read these trends so they can make informed decisions, whether they’re buying their first home or growing their portfolio.