July brought some remarkable movement in the GTA’s new home market. According to a recent report, new single-family home sales tripled last month, reaching 781 units—a surge largely credited to the ongoing impact of the HST rebate. As someone who has spent over two decades helping families and first-time buyers navigate these numbers, I always keep a close eye on what’s driving the market. Single-family home prices dipped 8.5% to $1.36M, opening new doors for buyers who may have felt priced out just a few months ago. On the condo side, sales crept up but remain relatively modest, with prices rising 2.5% to $1.05M. Inventory has reached 18,546 units, offering more choices than we’ve seen in a while. If you’re considering your next move—whether buying, selling, or investing—understanding these shifts can help you make confident, informed decisions in the GTA market.
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