GTA new home sales rebound masks a condo market in retreat

There's been a noticeable shift in the GTA new home market that’s worth highlighting. Single-family home sales have leapt 50% above average, reaching 781 units—thanks in part to the recently expanded HST rebate. On the flip side, condo sales have softened considerably, falling 80% below average with just 237 units changing hands. Price trends are interesting too: single-family homes are now averaging $1.36M, down 8.5%, while condo prices have edged up 2.5% to $1.05M. With inventory sitting at 18,546 units, it’s clear that buyers and sellers are navigating very different landscapes depending on their property type. Having spent over two decades guiding families, first-time buyers, and investors through GTA’s evolving market, I’m always watching these shifts closely to help my clients make informed, confident decisions.