We're seeing some fascinating shifts in the Greater Toronto Area's new home market. Single-family home sales have made a strong comeback—up 50% above average to 781 units, thanks in part to the expanded HST rebate. Meanwhile, condo sales have slowed dramatically, dropping 80% below average to just 237 units. This divergence is also reflected in pricing: single-family home prices have adjusted downward by 8.5% to $1.36M, while condo prices have edged up by 2.5% to $1.05M. Current inventory stands at 18,546 units. With nearly two decades navigating GTA real estate, I know how quickly these trends can shift—and how important it is to stay informed. If you’re considering your next move or investment, having a trusted perspective can make all the difference.
Leave a Reply