July brought an impressive 246% jump in new single-family home sales across the GTA—a clear signal that Ontario’s expanded HST rebate and targeted builder incentives are drawing buyers back into the market. Even with an 8.5% price dip, we’re seeing renewed momentum in the detached and freehold segments, while condo sales remain more subdued given the tighter rebate criteria. For clients looking to navigate these shifts, I always recommend automating your savings, keeping a close eye on debt, and taking advantage of local affordability programs where possible. With over 20 years of Toronto market insight and a background in both real estate and mortgages, I’m passionate about helping buyers make informed, strategic moves in all market cycles.
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