The latest figures show just how much the HST rebate is energizing the GTA’s single-family new home market. In July, sales of new single-family homes in our region surged—tripling to 781 units. Prices for these homes eased by 8.5%, now averaging $1.36M, which is opening doors for more buyers. Meanwhile, condo sales inched up but remain modest, with prices increasing 2.5% to $1.05M. Right now, we’re looking at 18,546 units of inventory across the GTA. As someone who’s worked with buyers and investors throughout Markham and the Greater Toronto Area for nearly two decades, I know how quickly incentives like the HST rebate can shift the landscape. Understanding these trends is key when planning your next move in our dynamic market.




