GTA New Home Sales Surge on HST Rebates as Condo Market Stumbles and Hidden Costs Trap Buyers

GTA low-rise new home sales are booming, thanks to the federal government's HST rebate program. Total sales hit 1,018 units in July, significantly above the record low of 2025 and outperforming the 10-year average for a fourth straight month. Builders are responding with a steady flow of product, keeping the single-family sector in balance and avoiding the upward price pressure that typically plagues a rising market. For first-time buyers priced out of resale, this program...