July was another strong month for low-rise new home sales in the Greater Toronto Area, as the HST rebate program continues to drive buyer interest. For the fourth month in a row, sales have outperformed the 10-year average—something I’m closely tracking for my clients. Last month, there were 1,018 low-rise new home sales, with single-family home sales standing out at 50% above the long-term average. Condo sales also demonstrated resilience, jumping 40% compared to last year. With nearly two decades serving buyers, sellers, and investors across the GTA, I keep a sharp eye on these market shifts so my clients can make informed decisions. Navigating opportunities like the HST rebate requires up-to-date local knowledge and insight into what’s shaping our real estate landscape.
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